Hello from London, where Prime Minister Rishi Sunak has grabbed headlines with a reshuffle of his cabinet. The most important casualty is the clunkily named Department for Business, Energy and Industrial Strategy. It will be split into three new units — including the new Department…

Raising money on Wall Street has become cheaper and easier despite the Federal Reserve lifting interest rates to the highest level in 15 years, suggesting an ongoing and deep disconnect between investors and central bank officials.Measures of financial conditions — the ease with which companies…

TotalEnergies has paused a planned $4bn investment in a green hydrogen project with embattled Adani Group, saying it was waiting for more clarity on the Indian conglomerate’s situation before proceeding. The French oil and gas group is one of the biggest foreign investors in businesses…

The US has approved the sale of up to $10bn worth of High Mobility Artillery Rocket Systems (Himars), rockets, and long-range missiles to Poland as the nation moves to replenish and modernise its weaponry while sending its existing systems to Ukraine.The military package would include…

US equities rose after Federal Reserve chair Jay Powell spoke for the first time since January’s blockbuster employment data sent a chill through markets.In a question-and-answer session with the Economic Club of Washington, Powell on Tuesday warned the US central bank may need to raise…

More than £4.4bn of taxpayers’ money has been paid out to British banks to cover default and fraud on the £77bn in state-guaranteed loans made to struggling businesses during the coronavirus lockdowns.The latest official data published on Tuesday showed banks had flagged a further £6.2bn…