Former Conservative Health Minister Defects to Labour: Observer
Conservative Member of Parliament Dan Poulter is defecting to Labour, the Observer reported, citing an interview with the former health minister.
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Conservative Member of Parliament Dan Poulter is defecting to Labour, the Observer reported, citing an interview with the former health minister.
Hamas released a video Saturday showing two hostages alive as it studied Israel’s latest proposal for a ceasefire, in an apparent bid to increase pressure on Prime Minister Benjamin Netanyahu to call off a major offensive that would deepen the war in Gaza.
Biden’s campaign is making an unprecedented effort to court influencers, even though he signed a bill that could lead to TikTok vanishing in the US.
Concerns that asylum seekers are relocating from the UK to the Republic of Ireland show that the British government’s plan for deportations to Rwanda is already acting as a deterrent to illegal immigration, Prime Minister Rishi Sunak said.
Ukraine sustained a heavy Russian missile barrage overnight aimed at gas infrastructure and other targets, while striking back a Russian oil refinery with drones.
Sierra Leone said it settled part of a bill owed to Karpowership to restore power to the capital after weeks of electricity cuts.
Investors looking for a unique way into the stock market’s artificial intelligence boom are finding an intriguing bank shot in what’s traditionally the most boring corner of the equities universe: utilities.
BHP Group is considering making an improved proposal for Anglo American PLC after its $39 billion initial offer was rejected by the London-listed miner, according to people familiar with the matter.
Above and beyond the obvious damage, wildfires levied a hidden cost on the finance industry: Mortgage lenders and investors lost more than $30 billion between 2020 and 2022, due to both accelerated defaults and prepayments following disastrous blazes.
Mercedes-Benz Group AG said the US Department of Justice has ended a probe related to exhaust emissions and won’t file charges against the German carmaker.
Thousands of Spanish Socialist supporters took to the streets of Madrid and urged Prime Minister Pedro Sanchez to stay in the job after he said he needed to think about his future.
Kenyan President William Ruto hailed Zimbabwe’s gold-backed currency as a potential driver of economic recovery in the southern African nation.
Genting Malaysia Bhd. said it wasn’t involved in talks about opening a casino in the Forest City development in the Malaysian state of Johor, the New Straits Times reported, citing a statement from the company.
Alphabet Inc.’s Google asked a judge to toss the Justice Department’s lawsuit accusing it of monopolizing the technology used to buy and sell online advertising, arguing that the agency fabricated a market for the litigation but still failed to show that the tech giant controls at least 70% of it.
Russia has extended mandatory FX sales for major exporters by one year, a decision the government said will help to maintain a stable ruble.
A surge in Texas power prices for August suggests another summer of heavy electricity demand — and potential grid strain — to meet air-conditioning needs.
CEO Mike Henry is unlikely to drop his pursuit despite initial rejection by Anglo.
If you want to understand why the two largest US oil companies are together spending in excess of $100 billion on acquisitions right now, look no further than the amount of crude they’re extracting from the two hottest oil fields on the planet.
With the quarterly reporting season roughly half over, US corporate earnings have largely lived up to Wall Street’s optimistic expectations even as macroeconomic headwinds linger.
ICICI Bank Ltd. reported profits that surpassed analyst expectations as demand for retail loans continues to be strong in the world’s most populous nation.
Iran will release the personnel of a Portuguese-flagged container ship that it seized this month after discussions between officials from the two countries, Fars news agency reported, citing the Iranian foreign minister.
Deutsche Bank AG is putting aside as much as €1.3 billion ($1.4 billion) in legal provisions, warning this will hit profits.
Private equity fund L Catterton, which is backed by luxury giant LVMH Moet Hennessy Louis Vuitton SE, agreed to buy a majority stake in Italian beauty brand Kiko.
Thames Water customers will have contributed £540 million ($674 million) toward the construction of new sewerage infrastructure in London by the time it starts operating next year, the Financial Times reported, citing a study.
Russian forces pressed forward in eastern Ukraine and in some areas accelerated their advance as Kyiv’s depleted forces await badly needed US weaponry, according to US and UK officials.
Rishi Sunak said this week he’s putting UK defense spending on a “war footing.” He might as well have been talking about his own position.
The Bank of Japan kept interest rates unchanged, driving the yen to a fresh 34-year low, while US inflation showed few signs of simmering down.
Data center operator Data4 plans to create a new campus in the Milan area to be named “Mil2,” Il Sole 24 Ore reported.
The UK is contemplating sending soldiers to Gaza to support aid deliveries once a new corridor opens in May, the BBC reported.
Germany’s economic prospects are looking up after two grueling years of near-zero growth. The consumer-led revival, though, papers over enduring industrial weakness for which there’s no quick fix.
US intelligence agencies have found that Russian President Vladimir Putin likely didn’t order opposition leader Alexey Navalny’s death at a prison camp in February, the Wall Street Journal reported.
The United Auto Workers said it reached a tentative agreement with Daimler Truck Holding AG ahead of a contract expiring midnight on April 26 and following a strike threat.
Crown jewels including resorts and a gas station chain are up for grabs. Saudi Arabia mulls purchases.
(Bloomberg) -- China’s industrial companies’ profits fell in March as exports flagged and deflationary pressures persisted, suggesting the economy’s stronger-than-expected growth early this year might be tough to maintain.
Bank of Singapore Ltd., the private-banking arm of Oversea-Chinese Banking Corp., has fired up to 40 employees over the misuse of medical benefits, according to a CNA report.
Jared Kushner’s Affinity Partners joined the board of Brazilian fast-food operator Zamp SA after making an investment of about $200 million earlier this year.
Singapore will introduce a new law this year that will help so-called gig-economy workers plan for their retirement needs and get work injury protection, Minister for Manpower Tan See Leng said.
Bondholders of struggling Dish Network Corp. sued the satellite-TV provider, demanding it unwind transfers that they said put valuable assets out of the hands of creditors and violated lending terms.
A cause celebre is ringing out across Harvard Yard, Columbia’s South Lawn, Yale’s Beinecke Plaza and UC Berkeley’s Sproul Plaza: Disclose and divest.
British Columbia has asked the Canadian government to reintroduce a ban on public drug use, a major step back on a controversial experiment to decriminalize the possession of certain illegal drugs.
Republic First Bank became the latest smaller lender to succumb to pressures of higher interest rates on Friday when it was closed by regulators — with most of its deposits and assets acquired by Fulton Bank.
Paramount Global’s board is considering removing Chief Executive Officer Bob Bakish and putting the film and TV company under a committee of top executives while it evaluates a possible sale, according to a person familiar with the matter.
Monumental Labs mills Renaissance-style marble statues with the aid of technology.
India, a usually noisy nation, has gotten louder.
Representative French Hill, a senior Republican on the Financial Services Committee, said he would support combination legislation tying marijuana banking to stablecoin regulation if negotiators can reach a deal.
Apple Inc. has renewed discussions with OpenAI about using the startup’s technology to power some new features coming to the iPhone later this year, according to people familiar with the matter.
Erich Andersen, the US-based general counsel for TikTok and its Chinese parent company ByteDance Ltd., is stepping down from that role, the social media app said.
Amazon.com Inc. is close to a deal to bring NBA games to its Prime Video streaming service, according to two people familiar with the negotiations.
Hedge funds trimmed bets on Brent and West Texas Intermediate crude as a relatively quiet week in the Middle East and weak US economic data weigh on prices.
Emmanuel Macron avoided a reprimand of his stalling efforts to tackle France’s bloated debt burden as two rating firms kept their assessments of the country’s creditworthiness unchanged.
Emerging-market stocks rose Friday, cementing their biggest weekly advance in nine months, as Asian technology stocks got a boost from US corporate earnings that confirmed booming demand for artificial intelligence.
Fitch Ratings became the third major credit grader to turn pessimistic on Boeing Co. as the planemaker’s crisis brings scrutiny to its balance sheet.
The yen fell to a fresh 34-year low against the dollar after the Bank of Japan indicated monetary policy will stay easy, heightening speculation authorities may soon intervene in the market to stop the currency’s decline.
American Airlines Group Inc. is cutting some international flights and reducing the frequency of others because beleaguered planemaker Boeing Co. won’t deliver as many widebody aircraft as planned this year.
Sierra Nevada Corp. has won a $13 billion contract to develop a successor to the “Doomsday Plane,” the E-4B command and control aircraft on which the president would fly in in event of national emergency such as a nuclear attack, the Pentagon announced Friday.
The Texas electrical grid operator warned of a possible emergency early next week because of a potential shortfall of power reserves.
New York Community Bancorp Inc. has had one of the most tumultuous quarters in recent banking history. Its first-quarter earnings will probably reveal more about impacts from the drama — and management’s plan to move forward.
Traders upped bearish yen positions to a record high in the days ahead of the Bank of Japan’s policy meeting, as a weakening currency fueled intervention risks.
The opening week of Donald Trump’s historic hush money trial offered plenty of insights into how his 2016 presidential campaign teamed up with a tabloid publisher to silence embarrassing stories from women who said they’d had extramarital affairs with him.
With inflation up, economic growth down and two-year Treasury yields testing 5%, Bill Gross sensed the music in markets was fading, and said it was time to get over the likes of the Magnificent Seven.
Mexican discount retailer BBB Foods Inc. jumped on Friday, by the most since its initial public offering in February, after posting solid growth in its first set of results.
Leveraged funds trimmed bets on the Mexican peso in a week that saw the currency briefly collapse amid rising geopolitical tensions.
President Joe Biden’s administration is delaying action on a proposed rule to ban menthol cigarettes, which some activists have said would unfairly target Black smokers.
Donald Trump’s longtime personal assistant, who worked for his real estate empire for decades, told a jury that she has a “vague recollection” of seeing Stormy Daniels at Trump Tower sometime before 2015.
Intel Corp., the biggest maker of personal computer processors, tumbled the most in three months on Friday after giving a lackluster forecast for the current period, indicating that it’s still struggling to return to the top tier of the chip industry.
A closed-end fund that holds shares of private technology firms like Elon Musk’s SpaceX, OpenAI and Epic Games Inc. has been mostly defying gravity since its debut a month ago, until now.
Drivers heading into New York City’s traffic-clogged central business district will start paying a congestion pricing toll on June 30, according to the Metropolitan Transportation Authority.
UMB Financial Corp. is in talks to acquire rival Heartland Financial USA Inc., people with knowledge of the matter said, in what would be the biggest US regional bank merger this year.
Yuga Labs Inc., the developer of the popular Bored Ape Yacht Club nonfungible token collection, is letting go of an unspecified number of employees as it undergoes restructuring.
Natural gas prices in West Texas under pressure from a glut in supply sank even further into negative territory after a segment of a pipeline system was shut following a fire, threatening to trap gas in the region.
Millennium Management accused Jane Street Group of playing games by not fully disclosing the proprietary trading strategy it claims was stolen by two former traders who joined Izzy Englander’s hedge fund group.
The US’s top auto-safety regulator extended its years-long investigation of Tesla Inc.’s Autopilot to determine whether a fix the carmaker made months ago does enough to keep people from misusing the system.
To curb the use of US-made civilian guns in crimes and human rights abuses abroad, the Biden administration will require exporters to better vet their customers and tighten sales to 36 countries deemed “high-risk” for illicit diversion of semiautomatic firearms.
For Goldman Sachs Group Inc. staff looking to set up meetings in Paris to stealthily catch the Olympics — the bank is on to you.
The delinquency rate for US small businesses climbed to a three-year high this month, reflecting the impact of rent spikes and declining revenue, according to a monthly survey.
The US economy is resilient, and it’s bad news for Joe Biden.
Apollo Global Management Inc., KKR & Co. and Stonepeak may inject billions of dollars into a joint venture that will help fund Intel Corp.’s semiconductor fabrication facility in Ireland, according to people with knowledge of the matter.
BHP Group Ltd.’s proposal for a $39 billion takeover of rival Anglo American Plc is all about securing plenty of copper supplies — so now, the potential deal is throwing uncertainty over the future for Anglo’s massive fertilizer mine in England.
Major Russian grain exporter TD Rif has accused Moscow of trying to control and inflate export prices, another escalation in a dispute between the government and one of the country’s biggest wheat traders.
Mauritius Telecom, the Indian Ocean island nation’s telecommunications operator, said internet and television services are back to normal after a “technical problem” with an undersea cable.
Mexico’s state oil giant posted a slight profit in the first quarter as production slipped, with government support helping to prop up the debt-saddled company.
The giant California-based health plan Kaiser Permanente said its websites and apps may have inappropriately sent members’ private information to tech giants including Alphabet Inc., Microsoft Corp. and the social media company X.
Defense Secretary Lloyd Austin confirmed Friday a $6 billion commitment for long-term contracts to provide Ukraine with weapons such as Patriot missiles, artillery ammunition and drones.
Argentina’s Central Bank President Santiago Bausili and Finance Secretary Pablo Quirno are scheduled to meet with People’s Bank of China Governor Pan Gongsheng in Beijing as soon as Monday, amid negotiations over an $18 billion swap line, according to a person with direct knowledge.
Cava Group Inc. is planning to further expand its footprint in the Chicago area and other areas of the Midwest, making a contrarian bet that the region will reverse population declines that have plagued it in recent years.
The US shale-oil sector experienced the biggest plunge in drilling activity in more than five months as explorers keep a tight hold on spending.
Elliott Investment Management has built a roughly $1 billion stake in Anglo American Plc, the UK-listed miner that’s received an unsolicited takeover approach from Australia’s BHP Group Ltd.
International Business Machines Corp. will expand its Canadian semiconductor packaging and testing plant with more than C$1 billion ($730 million) in investments over the next five years.
UBS Group AG is considering bringing a synthetic credit risk transfer to the market, according to people with knowledge of the matter, amid Swiss reform proposals that could see the bank face higher capital requirements.
Lawmakers in Guinea’s transition administration approved an agreement signed last year between the government and West Africa LNG Group, meaning a potential $3 billion investment in liquefied natural gas import infrastructure.
IAG SA’s €400 million ($428 million) takeover of Air Europa risks being derailed for a second time, unless the firms fix a list of anticompetitive concerns handed down by European Union regulators.
Physical crude oil flows in pipelines across the US are flat compared with last year, underscoring estimates that oil production will grow little in 2024, according to research firm Wood Mackenzie Ltd.
The UK summoned the Russian ambassador on Friday, after police earlier charged several men under a new national security law for supporting Russia by carrying out an arson attack against a Ukraine-linked business on British soil.
Mexico’s opposition presidential candidate Xochitl Galvez is running out of opportunities to mount a serious challenge against President Andres Manuel Lopez Obrador’s anointed successor, trailing by a wide margin in polling just five weeks before election day.
The metric Tesla Inc. told investors early last year was most important to its executives is in steady decline.
About three decades ago, a group of Citigroup Inc. dealmakers including Donald Mackenzie, Steven Koltes and Rolly van Rappard left the Wall Street giant to strike out on their own.
Exxon Mobil Corp. plunged the most in six months after higher-than-expected maintenance costs diminished oil-refining results.
To the naked eye, a key US inflation metric held steady in March. But look a little closer at two or three decimal places and you’ll see that it actually picked up.
King Charles III will return to public-facing duties next week for the first time since revealing his cancer diagnosis in February.
Carlyle Group Inc. and the family owners of Tamko Building Products are considering a sale that could value the maker of roof shingles at more than $3.5 billion, according to people familiar with the matter.