Business

India's decision to buy **Russian oil despite Trump’s threats signals geopolitical shifts, as consumers begin to feel the pinch of tariffs, and questions arise whether Trump’s tariffs will close income gaps or if US-India relations will fray over Trump’s tariff invective and Russian oil**; domestically, Trump fires BLS Commissioner claiming weak jobs numbers were rigged, leading to **stocks dropping as Trump’s new tariffs weigh on markets and debates on whether tariffs harm or help companies, all while Fed dissenters defend their call for a July rate cut amidst Trump's attacks on Powell and a dollar rebound fizzles after jobs data disappoints**.

**Berkshire’s quarterly earnings drop on insurance results and currency moves, notably a $3.8bn hit on write-down of Kraft Heinz stake, while the leaner, meaner Chevron is ready to fight** as it overhauls its corporate culture.

AI is coming for the consultants, posing an existential question for firms like McKinsey, as **A.I. researchers are negotiating $250 million pay packages**, mirroring NBA stars.

Hamas shows starved Israeli hostages alongside emaciated Palestinian babies, and the Gaza crisis puts Trump at a crossroads, reflecting a tense geopolitical landscape where asylum hotel protests spread to prestige London postcodes and Trump says he will reposition nuclear submarines after 'provocative' Russian comments.

**Sizewell C costs could hit £100bn including financing, modelling shows, alongside the argument that the logic behind the deregulation push by Reeves is flawed**.

**Even basic airline seats keep getting more ‘premium’, while odd-shaped lots might help ease the housing crisis, and repairs have become a luxury** for many appliances; additionally, **less daily bread could boost bakers’ health and chocolate cartels fueled by cocoa smuggling** illustrate evolving consumer markets and challenges.

The passing of **Michael Cardozo, New York City’s longest-Serving Chief Lawyer, is noted, while explorations include the art of charisma, New Covent Garden Soup founder's decision to never take out a pension plan, a review of Ardfern in Edinburgh as an elegant cure-all for festival season, the debate on prenups: is it time we changed the law?, the mission to save Bangladesh’s modern masters, and reading Moby-Dick in a gale with the extreme book club**.

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