British banks have collectively directed around £75bn towards high-impact fossil fuel ventures dubbed “carbon bombs,” prompting widespread concern over environmental obligations, commitments to climate targets, and calls for tighter regulation.

The US economy faces a downturn linked to tariffs introduced under Trump, igniting concerns of a potential global slowdown as analysts weigh the broader consequences for growth and market stability.

Donald Trump has made his trade talks with the UK a second-order priority, delaying the PM’s hopes for a swift agreement and prompting officials to restructure negotiations into separate phases.

Spain declared a state of emergency following a widespread power blackout that disrupted public transport, financial transactions and essential services, with neighbouring Portugal also affected and experiencing similar outages.