Financial news

• Elon Musk shows he still has the White House’s ear on Trump’s Middle East trip

  14-05-2025 23:24
  Although Musk has pivoted from Doge, the Saudi summit shows how he’s retaining proximity to the US presidentOver the course of an eight-minute interview, Elon Musk touted his numerous businesses and vision of a “Star Trek future” while telling the crowd that his Tesla Optimus robots had performed a dance for Donald Trump and the crown prince of Saudi Arabia, Mohammed bin Salman, to the tune of YMCA. He also announced that Starlink, his satellite internet company, had struck a d
  
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• ‘So many are devastated’: Trump’s federal firings and their ripple effect

  14-05-2025 21:45
  From Beltway Virginia to Pittsburgh, it is not just sacked workers feeling the impact but whole local economiesNaomi Anderson was on leave looking after her young baby when she was told her US Department of Agriculture job helping farmers in developing countries was being cut. A former volunteer with the Peace Corps, which sends young Americans overseas to projects in emerging economies, Anderson had expected to spend her whole career in international development.“I had taken this job two
  
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• ‘Aggressive’ hackers of UK retailers are now targeting US stores, says Google

  14-05-2025 21:24
  Alphabet warns of ‘Scattered Spider’, network of hackers reportedly behind cyber-attack against UK retail giant M&SAlphabet’s Google warned on Wednesday that hackers responsible for paralyzing disruptions of UK retailers are turning their attention to similar companies in the United States.“US retailers should take note. These actors are aggressive, creative, and particularly effective at circumventing mature security programs,” John Hultquist, an analyst at Goo
  
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• The Guardian view on Trump’s conflicts of interest: the shadow of kleptocracy | Editorial

  14-05-2025 20:11
  The dissolution of boundaries between the president’s official and commercial business is a leading symptom of democracy in crisisDonald Trump’s tour of Gulf nations this week is notionally state business. The president has discussed trade, investment and defence. But the boundary between statecraft and self-aggrandisement is blurred. To honour the US president, the government of Qatar has  offered him a Boeing 747 aircraft. This “flying palace”, worth around $400m,
  
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• Labour’s open door to big tech leaves critics crying foul

  14-05-2025 19:54
  Promises of tech-driven growth give big US firms access to Downing Street that leaves rivals in the coldMinister accused of being too close to big tech after analysis of meetingsThe problem with the UK, according to the former Google boss Eric Schmidt, is that it has “so many ways that people can say no”.However, for some critics of the Labour government, it has a glaring issue with saying yes: to big tech. Continue reading...
  
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• Denmark rethinking 40-year nuclear power ban amid Europe-wide shift

  14-05-2025 19:36
  Government to analyse potential benefits of new generation of reactorsDenmark is reconsidering its 40-year ban on nuclear power in a major policy shift for the renewables-heavy country.The Danish government will analyse the potential benefits of a new generation of nuclear power technologies after banning traditional nuclear reactors in 1985, its energy minister said. Continue reading...
  
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• Minister accused of being too close to big tech after rise in meetings

  14-05-2025 19:18
  Exclusive: Technology secretary Peter Kyle had 28 meetings with people in or close to tech sector in six monthsLabour’s open door to big tech leaves critics crying foulA senior cabinet minister has been accused of being too close to big tech after analysis showed a surge in his department’s meetings with companies such as Google, Amazon, Apple and Meta since Labour came to power.According to Guardian analysis of publicly available data, Peter Kyle met people close to or representing
  
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• Horse racing leaders break ranks to push for higher taxes on online casinos

  14-05-2025 18:46
  Split in gambling lobby emerges as senior racing figures oppose level taxes and flag dangers of online casinosA schism has opened up at the heart of the £11.5bn-a-year gambling industry, after senior figures in horse racing broke ranks and signalled they would no longer object to tougher taxes and regulation of online casinos.In a surprise development, likely to cause headaches for multibillion-pound companies such as Flutter and Entain, some of the most powerful figures in racing in effec
  
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• Ben Jennings on Trump’s $145bn arms deal with Saudi Arabia – cartoon

  14-05-2025 18:38
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• ‘Significant doubt’ revealed over Bank of London’s ability to keep operating

  14-05-2025 17:51
  Auditors question if Peter Mandelson-linked firm can raise adequate funding after news of regulator’s investigationThe Bank of London, the fledgling clearing bank formerly backed by Peter Mandelson, has revealed it is under investigation by UK regulators, with auditors saying the fallout could throw “significant doubt” over its ability to keep operating.The news is a fresh blow for the troubled fintech, which has lost its founder and leading board members, including Lord Mandel
  
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• US and Qatar sign defence and aviation deal – video

  14-05-2025 17:48
  Donald Trump said of the emir of Qatar, Sheikh Tamim bin Hamad al-Thani, 'we just like each other', as the pair signed a defence and aviation deal between the US and Qatar. Trump says the deal is worth $200bn (£150bn) and includes 160 jetsUS and Qatar sign defence and aviation deal as Trump says of emir: ‘we just like each other’ – live Continue reading...
  
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• Donald Trump meets Qatar emir, Sheikh Tamim bin Hamad al-Thani – video

  14-05-2025 14:44
  Donald Trump meets the emir of Qatar, Sheikh Tamim bin Hamad al-Thani, in Doha amid growing controversy over Qatar's gift of a luxury plane for the US president Continue reading...
  
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• What to do if your games console is stolen: the cheat codes

  14-05-2025 11:33
  From changing passwords to reporting the theft to improving security on a new console, how to keep gamingPhone lost or stolen? Practical steps to restore peace of mindSound advice if your wireless headphones are lost or stolenWhat to do if your UK passport is lost or stolen: steps you need to takeA games console is more than just a dumb box that sits at home these days. With portable versions, sophisticated technology and built-in shops, these entertainment centres are valuable items, costing hu
  
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• Opposing LTNs doesn't make you a 'culture war' petrol-head. Just look at what happened in Lambeth | Joseph Harker

  14-05-2025 09:00 via theguardian.com
  For five years residents have complained about traffic being pushed on to other roads. Finally they’re being listened toShould cars be illegal? Are drivers evil? The way some councils have been imposing “low-traffic neighbourhoods” over the past five years, it seems their leaders definitely think so. Not so much because they want to cut traffic (everybody does) but because of the way they have responded to people who object to the LTNs’ impact on their everyday lives.So I
  
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