The scheme will be delivered in phases, starting with upgrades to lines between Leeds, York, Bradford and Sheffield.

Chancellor hints there will not be more support for other hospitality businesses to soften the impact of rate rises.

Beijing reported the largest-ever trade surplus at $1.19tn as China diversified its trade.

Saks Global, which owns Saks Fifth Avenue and Neiman Marcus, files for Chapter 11 bankruptcy protection, leaving questions about the luxury retailer’s future.

The government needs to significantly boost its capacity of offshore wind projects if it is to meet its clean power targets.

The layoffs are set to be announced this week and would affect Meta’s work on the metaverse, as the company spends heavily on building artificial intelligence.

Apple was facing increasing questions about its plans for artificial intelligence as other big tech companies invested tens of billions in the technology.

The deal would cut tariffs and include a commitment from Taiwanese Semiconductor Manufacturing Corporation, the island’s chip giant, to build more manufacturing plants in the United States.