by Kalyeena Makortoff Banking correspondent on (#6VE81)
HSBC, Citi and Morgan Stanley among five banks CMA investigated for competition law breaches between 2009 and 2013The UK competition regulator has fined four major banks, including HSBC and Citi, more than 100m after it found traders had been using Bloomberg chatrooms to share sensitive information about government bonds.The penalties follow a long-running investigation by the Competition and Markets Authority (CMA) that discovered that individual traders at Citi, HSBC, Morgan Stanley, Royal Bank of Canada (RBC) and Deutsche Bank had messaged rival bankers about the buying and selling of UK government bonds - known as gilts - on specific dates between 2009 and 2013. Continue reading...
Partnership comes as London station looks at ways to almost triple passenger numbersLondon's St Pancras railway station and the Channel tunnel operator have agreed to work together to open up more trains from Britain to France, and routes to Germany and Switzerland.The agreement is the latest sign of growing momentum for new passenger rail links from England across the Channel, after the UK's only international station announced plans to triple the number of passengers who can travel through every hour. Continue reading...
Corporation removes show from iPlayer to carry out further due diligence' after admitting boy is son of Hamas ministerA BBC documentary about Gaza has been pulled from BBC iPlayer while the corporation conducts further due diligence", following the broadcaster admitting a child featured was the son of a man who has worked as Hamas's deputy minister of agriculture.A statement from the BBC said: Gaza: How to Survive a Warzone features important stories we think should be told, those of the experiences of children in Gaza. Continue reading...
Fears that cuts will decimate' ability to react to crises as sector loses expertise and skills at every level, report findsSome of the world's largest aid organisations are axing thousands of jobs as a result of US president Donald Trump's freeze on overseas aid, potentially decimating" the sector's ability to react to future crises.Those that have already announced job cuts include the International Rescue Committee, Danish Refugee Council, Norwegian Refugee Council and war zone-focused Norwegian People's Aid. Continue reading...
Trump's attempts to intervene in Tate's rape and human trafficking cases in Romania might seem strange, but their worlds are intimately linkedEver since I began reporting on Andrew Tate four years ago (during which time my colleague Jamie Tahsin and I made two documentaries, wrote a book on him and interviewed his alleged rape victims), I've been sounding the alarm on the far-right disinformation network that connects him to Trump's inner circle.
Lawyer says astounding' purge will cost government, after workers with positive reviews cut due to poor performance'Donald Trump's administration could wrack up a monumental" bill and is breaking the law by firing government workers on spurious grounds, according to a top labor lawyer.Officials have cited poor performance" when terminating thousands of federal workers. In many cases it's not true, according to employees embroiled in the blitz, many of whom are now seeking legal advice. Continue reading...
by Bethan McKernan in Jerusalem and Helen Livingstone on (#6VE02)
IDF statement comes hours after Benjamin Netanyahu orders further crackdown on occupied West Bank over bus explosionsOne of the four bodies returned by Hamas to Israel on Thursday is not that of the hostage Shiri Bibas, Israel's military has said, calling it a violation of utmost severity" of a ceasefire deal that was already precarious.The Israeli military confirmed in the early hours of Friday that two of the bodies belonged to Bibas's children, Ariel and Kfir. However, it added: During the identification process, it was determined that the additional body received is not that of Shiri Bibas, and no match was found for any other hostage." Continue reading...
Japanese carmaker's shares rise almost 10% after reports that a group wants US EV firm to put in moneyElon Musk has rebuffed the idea that Tesla could put money into the struggling carmaker Nissan, after a report that said a Japanese group was seeking its investment sent shares soaring.Nissan's stock market value jumped by 9.5% on Friday after claims that the former prime minister Yoshihide Suga was among those who want the US electric carmaker to become a strategic investor, possibly in exchange for Nissan's American factories. Continue reading...
by Natricia Duncan and Colville Mounsey in Bridgetown on (#6VE52)
Countries meeting at Caricom summit not seeking handout' but appropriate apology' and compensationCaribbean leaders have defended the region's pursuit of slavery reparations, describing the compensation for centuries of enslavement and oppression as a matter of simple justice.Speaking to the Guardian at the Caribbean Community (Caricom) heads of government meeting in Barbados, the Antigua and Barbuda prime minister, Gaston Browne, said Caribbean states were not seeking a handout". Continue reading...
by Kalyeena Makortoff Banking correspondent on (#6VE3X)
Exclusive: Advance commissions' said to total millions of pounds allegedly pushed customers to certain providersUK lenders paid advance commissions" to car dealers that may have encouraged them to push costlier loans on to consumers, legal filings linked to the motor finance scandal reveal.Court documents seen by the Guardian show that lenders, including Lloyds Banking Group, have paid commission to individual dealerships in lump sums upfront, which campaigners say total millions of pounds. Continue reading...
Drop in 2024 is biggest recorded as small companies struggle with rising costs, and aggressive tactics from big brewersThe number of independent breweries in Britain declined at its fastest rate in 2024, figures from the indie beer" trade body suggest.The UK had 1,715 breweries at the end of 2024, 100 fewer than at the start of the year, according to the data released by Siba, which represents independent brewing companies. The overall fall the previous year was just eight. Continue reading...
US sales aren't growing as fast as we'd like ... it takes time,' founder says, while analyst notes target market not exactly short of Mexican food options'
Democratic party chair Lo Kin-hei would not comment on whether Beijing had put pressure on membersHong Kong's oldest pro-democracy party, which became an influential voice of opposition before Beijing cracked down on dissent, will start preparations to shut down, its leader has said.Lo Kin-hei, chair of Hong Kong's Democratic party, said on Thursday: We are going to proceed and study on the process and procedure that is needed for the disbanding." Continue reading...
Sharri Markson defends News Corp after attorney general says antisemitism must not be weaponised'. Plus: a sprinkling of Australian culture for the NYT
Companies increase hiring for first time since June, and households more optimistic about their financesCompanies have ramped up hiring in recent weeks while consumer confidence has started to rise, research suggests, in a boost for Rachel Reeves as the government looks for signs of economic growth.The chancellor has received a fillip after the market research company GfK's consumer index improved from -22 in January to -20 in February as households said they were more optimistic about their personal finances and the economic outlook. Continue reading...
by Jeff Ernst in Tegucigalpa and agencies on (#6VDYK)
Move apparently empties military facility on Cuban base of migrant detainees and comes in wake of ACLU lawsuitThe US government has flown 177 deportees from Guantanamo Bay to Honduras, from where they are set to be transferred on to Venezuela, apparently emptying the military facility of migrant detainees.The move on Thursday came days after human rights lawyers filed a lawsuit seeking access to dozens of people who had been held at the US naval base. Continue reading...
By Ramsay's own estimate, he has lost more than 2,000 during one week in stolen maneki-neko cat modelsNearly 500 cat figurines were stolen in one week from Gordon Ramsay's new London restaurant, the TV chef has said.The restaurateur, 58, recently launched Lucky Cat 22 Bishopsgate by Gordon Ramsay in one of London's tallest buildings, which features the beckoning Japanese cat models called maneki-neko. Continue reading...
Charges of criminal negligence dropped against three key defendants over death of British singer in OctoberA court in Argentina has dropped charges of criminal negligence against three of the five people indicted in connection with the death of Liam Payne, the former One Direction singer who fell from a third-floor hotel balcony in Buenos Aires last October.In a decision issued Wednesday, the Argentine federal appeals court ordered the other two defendants in the case to remain in custody. They are facing prosecution on charges they supplied the famed British boy band star with narcotics. Continue reading...
No injuries reported after three explosions in Bat Yam, near Tel Aviv, with two more bombs being defusedIsrael's prime minister Benjamin Netanyahu has said he has ordered the military to conduct an intense operation" against terror hubs" in the West Bank after a series of explosions on three parked buses that authorities said was a suspected terrorist attack. No injuries were reported.The explosions on Thursday happened on a day when Israel was grieving after Hamas returned the bodies of four hostages from Gaza as part of a ceasefire deal. The bus explosions were reminiscent of bombings during the Palestinian uprising of the 2000s, but such attacks are now rare. Continue reading...
Police watchdog is investigating death of 27-year-old who showed unusual behaviour' at security checkA 27-year-old man has died at Manchester airport after being arrested by Border Force officers.The man had been stopped while going through security in Terminal 2 on Wednesday after displaying unusual behaviour", the police watchdog said. Continue reading...
by Patrick Butler Social policy editor on (#6VDRV)
Local authorities can collectively borrow 1.5bn to plug budget gaps caused by underfundingA record 30 English local authorities have been granted effective bailouts" enabling them to borrow money to avoid bankruptcy, as ministers advised them against selling off prized local assets such as historic buildings, parks and allotments.The councils, all of whom were considered to have unmanageable debts", were given the green light by ministers to collectively borrow 1.5bn to plug significant budget gaps caused by underfunding and soaring demand for social care and other services. Continue reading...
Reform leader contradicts Trump rant, saying you shouldn't always take things Donald Trump says absolutely literally'Nigel Farage has contradicted his ally Donald Trump, saying Volodymyr Zelenskyy is not a dictator" after the US president's attack on the Ukrainian leader this week.Farage, who became one of the last UK party leaders to distance himself from Trump's remarks, said he had been delayed in calling it out earlier because he was heading to the US to speak at the Conservative Political Action Conference. Continue reading...
University of Chichester had suspended recruitment to its history of Africa and the African diaspora MResAn independent adjudicator has ruled partly in favour of students who challenged the University of Chichester after their African history course was abruptly terminated in 2023.The University of Chichester suspended recruitment to its research master's (MRes) in the history of Africa and the African diaspora without warning, and made the course leader, Prof Hakim Adi, an academic and expert in African history, redundant. Continue reading...
Republican Kentucky lawmaker formally announced his retirement in a Senate floor speech on ThursdaySenator Mitch McConnell announced he will not run for re-election next year, bringing an end to a decades-long career for a Republican leader who marshaled his party through multiple administrations with a singleminded focus on power that enraged his critics and delighted his allies.The Associated Press broke the news of McConnell's retirement on Thursday, which marked the Republican senator's 83rd birthday. McConnell formally announced his retirement in a Senate floor speech on Thursday. Continue reading...
by Jane Clinton (now) and Martin Belam (earlier) on (#6VDBB)
UK foreign secretary criticises Russia over Ukraine war, saying it faces a test' over Ukraine war as he speaks at G20 foreign ministerial meetingAs well as appearing on the airwaves this morning to promote Labour's 270m Arts Everywhere fund, culture secretary Lisa Nandy also supplied some quotes for the press release accompanying the launch.She said:Arts and culture help us understand the world we live in, they shape and define society and are enjoyed by people in every part of our country. They are the building blocks of our world-leading creative industries and make a huge contribution towards boosting growth and breaking down barriers to opportunities for young people to learn the creative skills they need to succeed.The funding we are announcing today will allow the arts to continue to flourish across Britain, creating good jobs and growth by fixing the foundations in our cultural venues, museums, libraries and heritage institutions [and] will ensure that arts and cultural institutions truly are for everyone, everywhere.Look, we've had a decade where funding to the arts, funding for communities has been slashed. We've seen culture erased from our classrooms and our communities. It's economic madness.This is one of the fastest growing industries in the UK - film, music, literature, TV. We export them all over the world. We've got countries clamouring to invest here in the UK. Some of the biggest streamers in the world, who want to invest more in the UK, but it takes support from the government Continue reading...
by Hannah Al-Othman North of England correspondent on (#6VDP6)
Vicar calls MP's position untenable after newly revealed messages show him suggesting she be burned on a bonfire'A serving Anglican priest has called for Andrew Gwynne to resign after new WhatsApp messages emerged in which the member of parliament suggested she should be burned on a bonfire".She described the chat involving two Labour MPs, as well as several other Labour party members, as reminiscent of playground bullying and name-calling". Continue reading...
by Eleni Courea Political correspondent on (#6VDN2)
From MPs' demands for peerages to Rishi Sunak calling a minister fucking useless', stories from former chief whip Simon Hart's diaries have drawn attentionThey say that to govern is to choose, but for one former chief whip it meant rescuing a Conservative MP from a suspected KGB agent in a London brothel.The story of said MP is one of many colourful anecdotes in Simon Hart's political diaries, which have become the talk of Westminster this week. Continue reading...
by Guardian staff and agencies in Mexico City on (#6VDKB)
Claudia Sheinbaum's warning follows Washington designating Mexican cartels as terrorist organizationsMexico will never tolerate an invasion" of its national sovereignty by the United States, Claudia Sheinbaum has warned after Washington designated Mexican cartels as terrorist organizations.This cannot be an opportunity for the US to invade our sovereignty," the Mexican president said. With Mexico, it is collaboration and coordination, never subordination or interventionism, and even less invasion." Continue reading...
Plane caught fire and flipped at Toronto's Pearson airport, hospitalizing 21 of 80 people onboardDelta Air Lines is offering passengers of a jet that caught fire and flipped over on a Toronto runway $30,000 each - no strings attached".Flight 4819 crashed after touching down at Toronto's Pearson airport on Monday afternoon. Videos of the crash were captured by witnesses and then passengers inside the plane. Continue reading...
Layoffs affect workers with around one year or less of service at Internal Revenue Service as tax deadline loomsThe US Internal Revenue Service (IRS) will lay off roughly 7,000 workers in Washington and around the country beginning on Thursday, a person familiar with the plans told the Associated Press.The layoffs affect probationary employees with roughly one year or less of service at the agency and largely include workers in compliance departments, according to the person, who was not authorized to disclose the plans and spoke on condition of anonymity on Wednesday. Compliance work includes ensuring that taxpayers are abiding by the tax code, filing their returns and paying their taxes, among other duties. Continue reading...
by Kirsty McEwen (now); Charlie Moloney and Hamish Ma on (#6VDA2)
This blog is now closed, you can read our full report on the day's events hereThe handover of the four bodies from Hamas to the Red Cross is now complete.The vehicles are on their way to Israel, and the crowd in Khan Younis is beginning to disperse. Continue reading...
Lawyers for impeached South Korean president who caused chaos argue that court has no jurisdiction to put him on trial for act of governance'Lawyers for Yoon Suk Yeol have told a court in Seoul that the impeached president declared martial law in late 2024 to prevent the country becoming a legislative dictatorship" controlled by his political opponents.The claim came as Yoon became the first South Korean president to stand trial in a criminal case, brought over his short-lived declaration of martial law in early December. Continue reading...
Corporate conglomerate Akima subject of critical audits and complaints over detainee treatment at facilities in USA corporate conglomerate now running the US government's immigration detention center at the Guantanamo Bay naval base on a lucrative contract has been the subject of critical audits and a civil rights complaint over conditions at three other migrant lockups it has run within the US, documents reviewed by the Guardian show.In one example, a federal audit report on a migrant facility run by the company in Miami found multiple incidents of alleged inappropriate use of force" - including guards pepper-spraying a man in solitary confinement even though he posed no threat to them, the report said. Continue reading...
by Kiran Stacey Political correspondent on (#6VDCT)
Exclusive: As chancellor scans budget for savings, Simon McDonald says need for humanitarian spending is greater than ever'The former head of the Foreign Office has warned Rachel Reeves not to cut Britain's international aid spending, amid signs the chancellor is willing to raid the development budget to help pay for higher defence spending.Simon McDonald, the former lead civil servant at the Foreign Office, said it would damage Britain's global reputation if Reeves chose to reduce aid as she looks for savings across Whitehall in this year's spending review. Continue reading...
by Jillian Ambrose Energy correspondent on (#6VD8M)
Citizens Advice believes Ofgem made flawed interest rate calculation for companies in Great BritainThe companies behind Great Britain's gas pipes and power lines have pocketed a windfall of nearly 4bn from household bills during the energy and cost crisis, according to a report.The analysis, by Citizens Advice, argued that energy network owners were able to make the excess profits" over the past four years after the industry regulator misjudged their costs. Continue reading...
As administration cuts off resources from African countries to contain outbreak, workers say everybody's lost'As the Trump administration dismantles the US Agency for International Development (USAid) and retreats from funding global public health efforts, mpox - formerly known as monkeypox - is at greater risk of becoming a wider global emergency, according to aid workers and global health experts.It's a real mistake not to be doing everything we can to control this while we're still able to," said Stephen Morse, a professor of epidemiology at Columbia University focusing on risk assessment of infectious diseases. Taking huge steps backwards is only going to make everything worse." Continue reading...
European manufacturer reports 8% drop in income for 2024 but says there is solid demand' for its productsAirbus has said it aims to make 820 planes this year as the world's biggest aerospace manufacturer attempts to overcome problems in its supply chain.The European company said that deliveries would rise by 7% compared with the 766 planes made last year, as it reported an 8% drop in income for 2024 excluding various charges, to 5.4bn (4.7bn). Continue reading...
by Daniel Boffey and Chris Matthews and Ella Joyner on (#6VDBG)
Data shows aircraft parts from more than 100 western companies reached Russian aviation industry via IndiaBritish firms are among more than 100 western companies, including the aerospace giant Boeing, which have exported aircraft parts to India that reached Russia, according to customs data.Analysis suggests products worth more than $50m have passed through intermediaries in India to Russian airlines and other entities over a 21-month period up to September 2024. Continue reading...