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Chelsea’s chaos, Burnham’s caution and Newsnight’s axe threat
Labour’s Andy Burnham has ruled out a snap election but not tax rises, while the BBC weighs axing Newsnight; in the US, Trump faces a fresh impeachment bid; a Stanford study warns AI is squeezing young workers hardest; and Chelsea won a wild Fulham derby.
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US Treasury’s Scott Bessent ‘making mistake’ interfering with bond markets, former mentor warns
Billionaire investor Stanley Druckenmiller has publicly criticised his former protégé, US Treasury Secretary Scott Bessent, for trying to suppress rising US government bond yields rather than tackling the underlying budget deficit. Writing in the Wall Street Journal, Druckenmiller argued that governments which attempt to defend asset prices against economic fundamentals inevitably fail, and that Bessent’s…
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Gold hits highest level in three months as traders worry about US inflation and bond market jitters – business live
Gold has climbed to its highest level since mid-May, with spot prices touching almost $4,700 an ounce before settling around $4,649, as investors grow anxious about the outlook for US inflation and turbulence in the bond market. The rally follows last week’s move by the US Treasury to double its purchases of longer-dated debt in…
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Lloyds Bank is holding on to our urgently needed £5,500
A Guardian reader, treasurer of their parish church, has spent months trying to recover nearly £5,500 from Lloyds Bank after it closed the church’s account and failed to transfer the balance to a new account with another bank. The delay left the small congregation unable to access its own funds, forcing it to borrow money…
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‘Petty grievances’ and an alleged troublemaker: unsealed Murdoch court documents give rare glimpse into bitter succession battle
Newly unsealed court documents from a Nevada probate case have revealed the bitter family tensions behind Rupert Murdoch’s decision to hand control of his media empire to his eldest son, Lachlan, ending a long-running succession dispute settled a year ago. The documents, from a late-2024 ruling by probate commissioner Edmund Gorman, show Murdoch viewed his…
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‘Never seen this level of objection’: Scotland pushes back against datacentre boom
Opposition to Scotland’s rapidly growing datacentre pipeline is intensifying, with campaigners and politicians warning that Holyrood is “inching towards” a moratorium on new developments. The focus of anger is a proposed 600MW facility in Auchtertool, Fife, which would be larger than the village itself and is billed as potentially the second-biggest datacentre in the world;…
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Canadians do not seek a trade war – but neither will we be bullied by Donald Trump | Jen Gerson
Canada’s trade negotiations with the US collapsed on Saturday morning, prompting Prime Minister Mark Carney to declare “we got attacked” and vow a firm response, hours before 50% US tariffs on Canadian exports were due to take effect. The breakdown, and Canada’s decision to walk away from a deal that appeared near completion, marks a…
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Ralph Carr jailed for six years after raping woman at his home multiple times
Ralph Carr, a former celebrity talent agent prosecuted under his full name Ralph Carnovale-Carr, has been jailed for a maximum of six years after a jury found he raped a woman twice at his Melbourne home in March 2023. The 66-year-old appeared via videolink from Melbourne Assessment Prison for sentencing at Melbourne County Court, where…
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How Canada could hit back to hurt the US economy – and Trump
Canada has laid out a range of retaliatory options in its escalating tariff dispute with the United States, going well beyond simple tit-for-tat duties. Alongside “dollar-for-dollar” tariffs on goods such as steel, dairy, appliances, agricultural equipment, electronics and pulp and paper, Ottawa holds substantial leverage because it supplies the vast majority of America’s imported natural…