The European Central Bank today cut its benchmark deposit rate by 0.25 percentage points, taking it to 2 per cent.

Donald Trump spoke to Chinese President Xi Jinping by telephone on Thursday, the state-owned Xinhua news agency said, amid simmering trade tensions between the world’s two largest economies.

Also in today’s newsletter, landmark tax bill will add $2.4tn to US debt by 2034, according to fiscal watchdog ...