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United Airlines CEO reportedly pitched merger with American, sparking competition fears
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The Guardian · World

United Airlines CEO reportedly pitched merger with American, sparking competition fears

Critics warn of ‘absolute disaster for the flying public’ if two air travel giants try to combineThe CEO of United Airlines is said to have pitched a blockbuster merger with American Airlines during a meeting with Donald Trump, floating the combination of the world’s two largest carriers.Scott Kirby...

Lauren Aratani, Michael Sainato and agencies
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Zelenskyy hails Magyar’s win over Orbán as ‘the victory of light over darkness’ in Hungary – as it happened
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The Guardian · World

Zelenskyy hails Magyar’s win over Orbán as ‘the victory of light over darkness’ in Hungary – as it happened

Ukrainian leader hopes for ‘pragmatic’ and ‘friendly’ relations with new government in contrast with hostility of previous pro-Russian regimein BerlinAt his press conference with Zelenskyy, Germany’s chancellor Friedrich Merz also welcomed Péter Magyar’s decisive victory, saying it would have “impli...

Jakub Krupa in Budapest
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China Evergrande’s billionaire boss pleads guilty to fraud
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The Guardian · World

China Evergrande’s billionaire boss pleads guilty to fraud

Hui Ka Yan expresses remorse in trial proceedings after collapse of world’s most indebted property developerBusiness live – latest updatesA former steelworker who rose to become one of China’s richest people has pleaded guilty to charges including fundraising fraud after the collapse of Evergrande,...

Julia Kollewe and agencies
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UK steel exports to EU at risk as bloc doubles tariffs and halves quotas
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The Guardian · World

UK steel exports to EU at risk as bloc doubles tariffs and halves quotas

Decision to reduce duty-free quotas by 47% aimed at curbing Chinese importsBusiness live – latest updatesThe EU is to go ahead with plans to double tariffs and halve quotas on imports of steel from July, in a move designed to curb Chinese imports but which could damage UK exports to the bloc.The dec...

Lisa O’Carroll
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IMF warns ‘unprecedented’ energy crisis could trigger global recession as Australia prepares for G20 fuel talks
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The Guardian · World

IMF warns ‘unprecedented’ energy crisis could trigger global recession as Australia prepares for G20 fuel talks

As treasurer Jim Chalmers weighs ‘extreme uncertainty’, one economic scenario sees global growth plunging to just 2% in 2026Get our breaking news email, free app or daily news podcastThe International Monetary Fund has warned the US-Israel war on Iran risks creating an “energy crisis of an unprecede...

Patrick Commins Economics editor
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