OpenAI releases GPT-5.6 to select users vetted by US government
San Francisco-based company announces ‘limited preview’ of new models with powerful cyber security capabilities
US launches strikes on Iran after Tehran’s attack on cargo ship
Washington says ‘unwarranted aggression against commercial shipping’ violated ceasefire between adversaries
SpaceX bonds sell off days after AI and rocket group’s $25bn debt deal
Yields move towards levels commonly associated with junk-rated companies
S&P 500 notches longest losing streak in 10 months as chipmakers slide
Software stock-led recovery proves fleeting as Wall Street’s main indices fall for fifth consecutive session
EU border checks hit by late kit and sweaty scanners
Airports warn system could cause travel chaos during summer holiday season
Trump warns of 100% tariff on countries implementing digital services tax
US president says levy would supersede any trade deals Washington has with other capitals
Venezuelans search for survivors after devastating earthquakes
Officials put death toll at 920 and expect it to climb as victims are dug out of rubble
SpaceX hangover spreads
To the moon 🚀 🚀
Hong Kong billionaire explores sale of Harvey Nichols
Struggling luxury department store owned by Sir Dickson Poon is in active talks with multiple parties over a deal
Speed of Andy Burnham’s takeover unsettles Labour MPs
Supporters admit there is not much time for likely next prime minister to plan for power
Brutal nights and humidity mark Europe’s record June temperatures
Daytime peaks on the continent rising three times as fast as the wider rate of global warming, scientists say
Congress targets Leon Black as he denies knowledge of Epstein’s ‘heinous conduct’
Lawmakers issue subpoenas to Apollo co-founder after accusing him of failing to answer queries on sex offender
Stockpickers: Babcock International, Telecom Plus, Moonpig
Our experts discuss which companies to buy, sell or hold this week
Directors’ Deals: Dr Martens boss backs new strategy as a better fit
Group broadens footwear offering to curb its reliance on boots
Ill-timed deregulation is weakening bank resilience
Thoughtful, fundamental reform is needed in finance, not an industry checklist
What Kevin Warsh can learn from Alan Greenspan
The new Fed chair must learn from his late predecessor’s successes — and avoid his mistakes
Britain backs electricity storage projects as heatwave strains grid
Provisional approval of battery and hydropower projects comes after high temperatures reduce gas and solar generation
Starmer commits at least £1bn more for defence
Long-delayed plan set to be unveiled on Tuesday as prime minister tries to shore up his legacy
Small plane crashes into Beijing’s tallest building
Debris seen falling from Citic Tower after propeller aircraft hits skyscraper in Chinese capital’s central business district
The downsides of making $13tn of profit
Betting on US equity has been staggeringly lucrative for the rest of the world, but it is now far more exposed to a market crash
Walmart’s ad deal smartly puts its customers in the shopping basket
Retailer looks to monetise its deep well of consumer data and insights
John Bolton pleads guilty to mishandling classified material
Plea by former US national security adviser marks first victory in Donald Trump’s legal campaign against his political foes
Volkswagen’s mass lay-offs are a call to action for a sleepy EU
Carmaker’s move will ratchet up the pressure on European policymakers to slap restrictions and trade barriers on China
Munich’s Die Walküre surpasses all expectations
Tobias Kratzer’s ‘Ring’ cycle for Bavarian State Opera is shaping up to be one for the ages