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US politics: ‘herbal tea party’ stirs up Democrats

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As it prepares for mid-terms, the party faces a schism between its establishment and its left flank

Political novice emerges as frontrunner to be Italian PM

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Media tip law professor ahead of announcement due on Monday

Venezuela’s Maduro wins controversial election

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Victory comes despite hyperinflation, corruption, plunging oil output and food shortages

EU to unveil ‘safe-asset’ plan for pooled bonds

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Plan faces resistance from rich states wary of underwriting weaker countries’ debt

Top Stories in last day

07

Ford’s Hackett faces tough test in trying to drive change

Carmaker’s share price has barely budged in the chief executive’s first year at the helm

US states move to close carried interest loophole

Private equity group Blackstone says it faces higher tax bills if proposals become law

Ant Financial $10bn fundraising over-subscribed

Investors include US buyout firms, wealth funds, venture capitalists and hedge funds

06

‘HRTech’ spreads feel-good vibes around the office

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New services claim to democratise rewards, but can they improve the annual appraisal?

22

US detente with China angers hardliners

Response to decision to suspend tariffs illustrates how hard peace will be to achieve

21

Pompeo to seek European backing for new Iran deal

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US believes Germany, France and the UK are more open to talks than the EU

20

Trump orders DoJ review of FBI in Russia investigation

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Internal inquiry launched after president alleges bureau ‘infiltrated’ his campaign

19

France and Germany to press ahead with eurozone reform

Diplomats fear that economic policy could be major issue between Brussels and Italy

Scooter start-up Bird races to match rival Lime

Two groups see rapid adoption of their ‘dockless’ rental services

US and China step back from brink of trade war

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Mnuchin says Washington free to impose tariffs if Beijing fails to live up to commitments

18

Italy illustrates the way to liberal democracy’s demise

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Complacency about the rise of populists is typical of failing political systems

17

Investment banks line up rebound in revenues

Citigroup expects recovery from fall of about 15% in first 5 months of the year

16

The wrong time to roll back financial reform

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The US is at the end of a recovery cycle, with debt loads at record levels

Google takes on Apple and Spotify with music service

YouTube Music will seek to break the ‘duopoly’ with paid-for subscription

15

UK has not renewed Abramovich’s visa

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Oligarch and owner of Chelsea football club returns to Russia

13

America beware: dollar supremacy is not forever

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Under Trump, the US is increasingly seen as an unreliable partner

Sunday, May 20

Information wars: How Europe became the world’s data police

The EU’s rules for data privacy were once derided as restrictive, but after the Facebook scandal Brussels hopes they will help bring big tech to heel

Big banks boost Brexit budgets

Spending spirals as uncertainty persists over how Britain’s EU departure will pan out

Tencent clashes with video upstart Douyin in court

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Tech giant accused of publishing content that harmed reputation of its smaller rival

Saturday, May 19

Suspect in Texas school shooting confesses

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Gunman aged 17 detained after killing 10 students and teachers at Santa Fe high school

Meghan Markle wears classic Givenchy

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Designer Clare Waight Keller melds British sensibility with a French house fabled for classic silhouettes

China stops short of accepting US trade demands

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Beijing willing to open up to more imports as administration backs away from ZTE resolution

Friday, May 18

Chinese bank offers clients $150,000 chance to meet Trump

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China Construction Bank seeks money to attend Republican fundraiser

Five Star and League strike Italy government deal

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Platform tones down some Eurosceptic rhetoric but steps up curbs on migration

Five Star and League agree governing contract for Italy

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Some controversial elements from previous drafts have been removed

Germany struggles to spend extra cash on defence

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Doubts emerge over how quickly military can absorb extra money

Thursday, May 17

Nafta talks set to drag in to 2019 after missed deadline

Big issues unresolved as Mexican presidential and US Congressional elections loom

Iran turmoil and Venezuela collapse send oil above $80 a barrel

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Tightening supplies and strong demand take crude to highest level since 2014

US and EU head for showdown over shutting Iran off from finance

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Washington sanctions put Swift payments network in spotlight

The French stress test for nuclear power

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Years late and billions over budget the first European Pressurised Reactor is set to become operational. Its success is critical for France

Wednesday, May 16

Total warns of Iran pullout over US sanctions threat

Withdrawal threat by largest foreign energy investor hits EU efforts on nuclear pact

US brushes off North Korean threats to quit summit

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Pyongyang ups rhetoric over Washington pressure on nuclear programme

Qatar attempts to build its way out of a blockade

Boycotted by some of its neighbours, the Gulf state is spending $200bn on infrastructure and opening new trade routes. But is it sustainable?

Cape Town: Life without Water

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The city that's changed its relationship with water forever