Donald Trump and Elon Musk are under pressure from allies and tech leaders to mend their relationship following a heated dispute, amid concerns over potential political and economic ramifications, with no signs of an immediate resolution.

NatWest returns to full private ownership as the government offloads its final shares, concluding a 17-year chapter following the £46bn crisis bailout.

Trump has threatened tariffs of up to 50% on goods from the EU, blindsiding European officials and warning major technology firms such as Apple of potential levies.

In a significant policy shift, the President has indicated a willingness to reduce tariffs on China, prompting fresh talks aimed at resolving the protracted trade dispute.