Today
Wave of shipping inflation could complicate rate cuts, economists warn
Economists are sounding the alarm on the impact of surging shipping costs on the global fight against inflation.
- 2 mins ago
- Delphine Strauss
This Month
Fewer aristocrats: Starmer lays out left-wing vision
The supposedly cautious UK PM is proposing taxpayer funds for green energy, nationalising the railways and rolling out new workers’ rights.
- Updated
- Hans van Leeuwen
ASX hits record; Burke moves on CFMEU; Accolade to buy Pernod
Read everything that’s happened in the news so far today.
Iran’s new president vows balance with all countries but warns US
Masoud Pezeshkian urged Arab countries to use “all diplomatic leverages” to push for a lasting ceasefire in the ongoing Israel-Hamas war in the Gaza Strip.
- Amir Vahdat
Unilever to slash a third of office jobs in Europe
The cuts are part of Unilever’s “productivity program” and will slash as many as 7500 roles globally.
- Madeleine Speed
Britain still good for delivery of AUKUS subs, Marles says
The defence minister has rushed to Britain to reassure himself that the new Labour government is up to the challenge of developing a new nuclear-powered fleet.
- Hans van Leeuwen
‘Like lockdown, in a tube’: Aussies taking the plunge in nuclear subs
After up to 18 months of training, three Australian submariners will deploy on British Astute-class boats. It’s a small step on the long road to AUKUS.
- Hans van Leeuwen
Macquarie-owned water company faces $103m fine
Britain’s water regulator said Southern Water is too heavily geared, and must pay a fine if it doesn’t improve its “inadequate” business plan.
- Hans van Leeuwen
Britain’s foreign secretary hates Trump and loves America
The child of Caribbean immigrants, David Lammy befriended Barack Obama on his rise through politics – and developed a dislike for the Republican nominee.
- Marie Le Conte
Why young people love London’s newest luxury hotel
In contrast to its heritage-rich big sister in Hyde Park, the £1000 a night Mandarin Oriental Mayfair is cheekier and more focused on fun.
- Fiona Carruthers
The $175b super fund that’s shopping for old London office blocks
With $11 billion in its property portfolio, Aware has been unafraid of going early and hard with a countercyclical strategy. And it means going global.
- Nick Lenaghan
- Opinion
- AUKUS
Control of the sea is worth gambling on AUKUS
To any objective observer it is apparent acquiring nuclear-powered submarines has significant advantages for national security. However, these come with major costs and risks.
- Richard Dunley
- Opinion
- World elections
Europe now leaderless as global threats rise
President Emmanuel Macron’s authority in Europe has shrunk after chaotic national elections, while the UK’s influence has been hobbled by Brexit.
- Gideon Rachman
- Opinion
- Australian economy
Economic logic always trumps junk politics
Brexit, MAGA trade policies, and the Coalition’s nuclear power push will fail because they make no economic sense.
- Craig Emerson
Fixing broken Britain needs ‘tough decisions’, Starmer warns
The new prime minister held a cabinet meeting on Saturday to kickstart his bid to resuscitate the country’s ailing public services and tight finances.
- Hans van Leeuwen
How Angela Rayner became one of Britain’s most powerful women
She grew up in dire poverty caring for a sick mother on a council estate. But Angela Rayner’s drive to succeed propelled her to the top of the Labour Party.
- Louise Carpenter
Biden digs in, declares he’s staying in the race
In a speech that addressed questions about his age, the president said those imploring him to end his bid were trying to overturn the will of primary voters.
- Updated
- Justin Sink and Akayla Gardner
- Opinion
- UK election
The fight for the UK right has begun
Surrendering to the Faragist path rather than taking it on and defeating it would herald the end of the centre right and a capitulation to unserious politics.
- Robert Shrimsley
Shares up as UK treasurer vows to ‘work hand-in-glove’ with business
The FTSE 250 touched its highest level since April 2022 as Sir Keir Starmer became prime minister, powered by a rally for home-building stocks and property companies.
- Updated
- Chris Price, Alex Singleton, Ben Riley-Smith and Szu Ping Chan
‘We will fight until you believe again’: Starmer vows to fix Britain
Keir Starmer has officially become the UK’s new prime minister after a landslide victory in the polls and says he will lead a government focused on public service.
- Updated
- Hans van Leeuwen
