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Swiss banking group has cut 13,000 jobs this year as it recovers from rushed rescue dealUBS has reported a $785m (637m) quarterly loss, its first in nearly six years, as the Swiss banking group counted the costs of rescuing its rival Credit Suisse earlier this year.The loss was nearly double the $444m that analysts had forecast, with UBS saying it would have reported profits worth $844m in the third quarter had it not been for the $2bn in expenses linked to the emergency takeover. Continue reading...

The first visit by an Australian PM in seven years was hailed an example of win-win cooperation' in China's dutiful state media

Market likely to fall in short term amid high interest rates and living cost pressures, says Halifax

Greens senator Janet Rice says welfare agency in crisis after Senate hears nearly 20% plan to depart in next 12 months

Public servants' concerns over Kieren Ash's appointment not conveyed to me at the time', Jo Haylen tells budget estimates hearing

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Quarter-point increase to the cash rate will add roughly $100 to monthly repayments for a standard mortgage of about $600,000

Court told the government only sought resettlement options for the man, known as NZYQ, under the shadow of this litigation'

Rising inflation has made it harder for patients to continue fertility treatment, experts sayFertility patients are being forced to destroy embryos because they cannot afford to transfer or store them during the cost of living crisis, experts have said.Dr Catherine Hill, Fertility Network UK's head of policy and public affairs, spoke of a dire situation for fertility patients" who struggled to get help on the NHS and were then forced to turn to the expensive private sector. She said rising inflation had made it much harder for couples racking up mountains of debt". Continue reading...

Plan drawn up by handful of leaders was unknown to men who would carry it out until morning of attacks on Israel a month ago

Exclusive: Nitrogen dioxide limits and approval tests practically unchanged from current rules under Euro 7 proposalsThe EU is poised to water down a landmark piece of car pollution legislation after extensive lobbying from the automotive industry, which experts say will cause an estimated 100bn in health and environmental costs.Analysis provided by the Consortium for Ultra-low Vehicle Emissions (Clove) exclusively to the Guardian and Voxeurop shows that half of the projected financial savings from the new Euro 7 standards on car emissions will be lost due to damage caused by excess nitrogen dioxide. This toxic gas is the main contaminant released by combustion engines, especially diesel ones, and was responsible for 49,000 premature deaths in the EU and 5,750 in the UK in just one year. Continue reading...

Magistrate said he was not convinced the man knowingly lied to law enforcement body despite incorrectly stating his wife had never harmed a child

Gennadiy Chastiakov, aide to commander-in-chief of army, died in explosion on his birthdayA close adviser to the commander-in-chief of Ukraine's army has been killed after a grenade amongst his birthday presents exploded, according to officials.Under tragic circumstances, my assistant and close friend, Major Gennadiy Chastiakov, was killed ... on his birthday," Gen Valery Zaluzhny posted on Telegram on Monday, saying that an unknown explosive device detonated in one of his gifts". Continue reading...

Brands' accounts are targeting children with unhealthy promotions while collecting their data, Sydney health conference hears

The men, aged 23 and 27, were arrested at Wetherill Park police station and taken to Liverpool hospital for assessment of injuries

With storms predicted later in the day, French horse Vauban is the bookmakers' choice

SA police say officers have been removed from duty while incident at a care facility is investigated

Former PM dismisses suggestions Anthony Albanese should visit Israel and says he must advance interests of Australians

NSW police say the 27 seized cars worth $2m were destined to be used in organised crime network homicides or firearm violenceDozens of kill cars" allegedly stolen to carry out violent crimes across Sydney have been seized in the latest crackdown on the city's gang wars.From Porsches to Ford Rangers, a total of 27 cars worth more than $2m are now in police custody.Sign up for Guardian Australia's free morning and afternoon email newsletters for your daily news roundup Continue reading...

Among five people killed in accident in Victoria were Pratibha Sharma, her daughter Anvi and her partner Jatin Chugh

Laszlo Simon dismissed after National Museum allowed children to visit a World Press Photo showHungary's government dismissed the director of the National Museum on Monday after it allowed under-18s to visit a World Press Photo exhibition featuring images of LGBT people, despite laws banning the promotion of homosexuality" to minors.Tensions over the exhibition surfaced last month when the far-right Mi Hazank (Our Homeland) party launched a government inquiry over the issue. The photos at the heart of the inquiry, Home for the Golden Gays by the photojournalist Hannah Reyes Morales, follow the inhabitants of a community-run aged care home for LGBT people in Manila, the Philippines. Continue reading...

Deputy premier Steven Miles says it's too late' to cancel projects and any effect on demand is likely to be years away

Country, estimated to be owed up to $1.5trn, is increasing penalties for late payments and cutting back on infrastructure projectsChina has become the world's biggest debt collector, as the money it is owed from developing countries has surged to between $1.1tn (889bn) and $1.5tn, according to a new report. An estimated 80% of China's overseas lending portfolio in the global south is now supporting countries in financial distress.Since 2017, China has been the world's biggest bilateral lender; its main development banks issued nearly $500bn between 2008 and 2021. While some of this predates the belt and road initiative (BRI), Beijing's flagship development programme has mobilised much of the investment in developing countries. Continue reading...

PM to announce tougher sentences for rapists and killers ahead of upcoming general electionRishi Sunak's first king's speech will include a series of hardline criminal justice measures promising tougher sentences for rapists and killers in the run-up to a general election.With crime and punishment a major point of contention with Keir Starmer's Labour, the prime minister will confirm the introduction of a new sentencing bill under which murderers whose crimes involved sadistic or sexual conduct will face spending the rest of their lives in jail. Continue reading...

Neighbouring country would house up to 3,000 people rescued at sea by Italian boats, with some exceptions for vulnerable groupsItaly's far-right government has announced plans to create centres in Albania to accommodate asylum seekers, the prime minister said on Monday, hailing it as a historic" deal with Tirana to manage migration flows.I am pleased to announce with Albanian prime minister Edi Rama a memorandum of understanding between Italy and Albania concerning the management of migration flows," said Giorgia Meloni. Italy is Albania's top trading partner. There is already close collaboration in the fight against illegality." Continue reading...

University says incident being investigated as possible hate crime after Abdulwahab Omira suffered non-life-threatening injuriesAn Arab Muslim student at Stanford University was hospitalized after being struck in a hit-and-run that authorities are investigating as a hate crime, amidst rising threats against Arab and Muslim people across the US.The student, Abdulwahab Omira, was treated for non-life-threatening injuries after being struck by an SUV. The driver is reported to have made eye contact with the victim, accelerated and struck the victim and then driven away while shouting fuck you and your people' out the lowered window of the vehicle," according to the university's department of public safety. Continue reading...

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Force could apply to outlaw protest on grounds of risk of disorder, but move would be shocking' threat to freedom of expression, rights campaigners say

Frontman's Liverpool bandmates and fellow touring band the Wombats post tribute message and pictures onlineThe indie band the Night Cafe have said they are devastated" as they announced the sudden death of their lead singer, Sean Martin. The group, from Liverpool, announced the news on Instagram: We are devastated to share the sudden passing of our best friend Sean.Words can't describe the pain we are feeling right now. We're still struggling to process it all. We ask everyone to respect the privacy of Sean's family and friends during this difficult time. Continue reading...

UN official, medics and displaced people tell of overcrowding, panic and lack of essentials as bombardment continues

Letters from loved ones of captured ship's crew during seven years' war lay forgotten for centuriesA forgotten bundle of love letters sent to French sailors more than 260 years ago - but never before opened or read - has been discovered among British naval archives, revealing intimate details of 18th-century marital and family life.The remarkable stash of more than 100 letters was discovered by chance at the National Archives in Kew by Renaud Morieux, professor of European history at the University of Cambridge, who asked archivists if they could be opened so he could read them for the first time. Continue reading...

Even number of aid trucks passing in to Gaza falls during visit of US secretary of state to region

USC's Annenberg Inclusion Initiative finds that representation behind and in front of the camera remains stagnantHispanics and Latinos remain underrepresented in film, a trend that has carried for 16 years, according to a new report from the University of Southern California. Even when movies did feature Hispanic or Latino characters, they were usually stereotyped as immigrant or as having low income.The latest study from the Annenberg Inclusion Initiative examined 1,600 of the top-grossing films released between 2007 and 2022 and more than 62,000 speaking characters, as well as 13,000 directors, producers and casting directors. Continue reading...

Former PM's deputy principal private secretary asked about entry in Sir Patrick Vallance's diary about phrase reportedly used by JohnsonRishi Sunak has not accepted that Suella Braverman's description of rough sleeping as a lifestyle choice" was offensive - although he declined to use her language himself.Asked this morning if the term was offensive, Sunak told broadcasters in a pooled interview:I don't want anyone to sleep rough on our streets.That's why the government is investing 2bn over the next few years to tackle homelessness and rough sleeping. I'm pleased that the number of people sleeping rough is down by a third since the peak, but of course there is more to do. Continue reading...

Swing to profit of 9.6m by Swedish firm improves its fortunes in run-up to possible 12bn flotationThe buy now, pay later company Klarna has logged its first quarterly profit in four years, improving its fortunes in the run-up to a potential $15bn (12bn) stock market flotation and a regulatory crackdown under a possible Labour government.The Swedish firm, which is the biggest BNPL provider in Britain and has about 150 million international customers, said on Monday that it had swung to a profit of 130m Swedish kronor (9.6m) in the July to September quarter, marking a notable bounce from a 2bn kronor loss during the same period last year. Continue reading...

Respondents to survey for newspaper El Pais and radio network SER also saw inflation as a bigger global threat than war, energy instability, terrorism and the climate crisis. This live blog is closedThe downturn in eurozone business activity accelerated last month, a survey showed today, Reuters reported.The final composite purchasing managers' index (PMI) compiled by S&P Global fell to 46.5 in October from 47.2 in September, its lowest reading since November 2020.The outlook also looks very weak, with the new orders PMI falling to its lowest level since September 2012, excluding the early pandemic months, while exports were also particularly weak. Continue reading...

In BBC interview on eve of release of memoir, singer and actor tells of problematic encounters with male collaboratorsBarbra Streisand has discussed her early experiences with sexism, including an incident with Sydney Chaplin that contributed to the stage fright that stopped her playing concerts for 27 years, before the release of her new memoir.The singer and actor recalled her fraught relationship with Charlie Chaplin's son when they both starred in Funny Girl on Broadway in the 60s. Continue reading...

Find from 16th century uncovered in building of 750m complex of 412 apartments now renamed the StageWhen excavating the foundations for London's latest luxury residential tower, archaeologists made an unexpected discovery behind a Shoreditch pub: the remains of a 16th century Shakespearean theatre.The remains of the Curtain theatre, which opened in 1577 but was lost from historical records in 1622, was found during the building of a 750m complex of 412 apartments in a 37-storey development that opened on Monday and has been renamed the Stage. Continue reading...

Alastair Duff overheard making sexual and racist remarks to another man during break in online training sessionA former sheriff who once trained Scottish judges has admitted making sexual and racist remarks while he was discussing pornography with another man.Alastair Duff, a former solicitor advocate who helped defend the Lockerbie bomber Abdelbaset al-Megrahi, forget to switch off his microphone during an online training session for justices of the peace in October 2021. Continue reading...

Gaza severed into two parts, says Israel, as US sends missile-carrying submarine to Middle East

Prime minister joins several senior Tories in distancing himself from home secretary's comments

Blast furnaces to make way for greener electric arc models in about three years' time

Labor duo shrug off Arctic weather in Beijing to use re-enactment of their hero's famous 1973 photo op to plot a new course out of the cold

As antisemitic incidents rise in France, far right leader's party is promising to protect French Jews from IslamismThe French far-right leader Marine Le Pen's support of Israel in the wake of the Hamas attacks is being seen as part of a long-running drive to move her National Rally party away from its toxic, antisemitic past before a run for the presidency in 2027.National Rally, which is the biggest opposition party in the French parliament and is polling ahead of Emmanuel Macron's centrists for next year's European elections, has firmly supported Israel's right to defend itself since the Hamas attacks on 7 October and the ensuing bombardment of Gaza. Continue reading...

Exclusive: Tory peer and husband, Douglas Barrowman, had repeatedly denied roles in firm given 200m government Covid contractsThe Conservative peer Michelle Mone has acknowledged for the first time that she was involved with a company that was awarded government PPE contracts worth 200m during the Covid pandemic.Lady Mone's husband, Douglas Barrowman, has also acknowledged for the first time that he was involved in the company, PPE Medpro. Continue reading...

Foreign Office says situation has potential to deteriorate quickly' after Israeli and Hezbollah forces clash

Airline to pay regular dividends as finance boss says consumers are going to continue spending

MP offers sincerest apologies' for social media post and pays compensation into BMA strike fundThe Conservative deputy chairman, Lee Anderson, has apologised to a doctor after he made a misleading" social media post about him.The MP for Ashfield said he wanted to offer his sincerest apologies" to Dr Tom Dolphin for any distress caused" by his post on X, formerly known as Twitter. Continue reading...

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Police say a nine-year-old girl and an 11-year-old boy, along with two of their parents, are among the five killed