Big US banks rake in near-$50bn profit as Iran war shakes markets

• The U.S. and Iran agreed on Tuesday to a two-week ceasefire, marking a potential diplomatic breakthrough after 47 days of conflict. • Under the agreement, both Iran and Oman will be permitted to participate in the pause in hostilities, with U.S. military personnel and weaponry remaining positioned in and around Iran until a peace deal is finalized. • The ceasefire emerges as negotiators push for a next round of talks, though tensions remain high with shipping disruptions continuing in the Strait of Hormuz.

Officials say charity fundraiser that flooded New York with drunk people in Santa costumes every Christmas was a conA SantaCon charity fundraiser that floods New York City with inebriated young people in red and white Santa costumes every holiday season was true to its name: a con, federal authorities said as they arrested its organizer.Stefan Pildes, 50, of Hewitt, New Jersey, was arrested on Wednesday and awaited an appearance in Manhattan federal court, where an indictment charging him with wire fraud was unsealed. Continue reading...

Eluned Morgan says US under Donald Trump is ‘not partner it once was’ with Iran threats and ‘contempt’ towards UKWales’s first minister has called on Keir Starmer to suspend a big joint defence project with the US, saying that under Donald Trump the country is “not the partner it once was”.In a statement on Wednesday, Labour’s Eluned Morgan cited the US president’s “contempt” towards the UK and his threat to “annihilate” Iran as reasons to halt the development of the Deep Space Advanced Radar Capability (Darc) programme in Pembrokeshire, part of the Aukus defence partnership between the UK, US and Australia. Continue reading...

Defendants used sledgehammers and crowbars to destroy drones at Israeli-linked arms factory, says prosecutionSix Palestine Action activists entered an Israeli-linked arms factory intending to smash up as much property as possible before police arrived, a court has heard.Prosecutor Deanna Heer KC said the defendants used sledgehammers and crowbars to destroy drones manufactured by Elbit Systems and computers at its factory in Filton, near Bristol, on 6 August last year. Continue reading...

Women using informal warning systems to protect themselves and others, comedian tells equalities committeeUK politics live – latest updatesSexual harassment and abuse on the comedy circuit has is persistent and under-reported, with protections available to women often limited or absent, a comedian has told MPs.Performers and campaigners said many female comedians are left to rely on informal warning systems to try to keep themselves safe but added that these systems can expose women to further risks. Continue reading...

Attempt by independent senator set to test Democratic support for longtime US ally amid Trump’s war on IranAn attempt set for Wednesday by senator Bernie Sanders to block sales to Israel of bombs and bulldozers will serve as the latest litmus test of support for the longtime US ally among Democrats.Sanders, an independent who caucuses with Senate Democrats, plans to call up for a vote a resolution halting a $151.8m sale of 12,000 1,000lb bombs to Israel’s military, as well as a second resolution that would prevent the sale of $295m in bulldozers. Continue reading...

Decision to seek contact ban orders for people who repeatedly call about non-criminal matters is believed to be UK firstPeople who call with complaints about their neighbours could face a contact ban for wasting police resources, a police force has said.In a social media post on the weekend, North Wales police (NWP) said they had responded to four antisocial behaviour callouts in 24 hours for disputes such as “neighbours who don’t put their bins away or kids playing in the garden making too much noise during the day”. Continue reading...

‘Palestine’s Mandela’ suffers three recent attacks including assault where prison guards set a dog on him, lawyer saysJailed Palestinian leader Marwan Barghouti is at immediate risk in Israeli jails, where he has been attacked three times in as many weeks, including in one assault last month where prison guards set a dog on the 66-year-old, his lawyer has said.Barghouti is often called Palestine’s Nelson Mandela. He is respected across otherwise feuding Palestinian factions, has broad popular support across occupied Palestine, repeatedly engaged with Israeli officials before his detention and long backed a two-state solution. Continue reading...

UK chancellor tells US audience she is ‘not convinced that this conflict has made the world a safer place’Middle East crisis – live updatesBusiness live – latest updatesRachel Reeves has stepped up her criticism of Donald Trump’s war on Iran, describing it as a “mistake” that has destabilised the global economy and damaged living standards around the world.In a marked fraying of the transatlantic relationship, the UK chancellor said Trump breaking off from diplomatic talks with Iran and launching airstrikes had not made the world a safer place. Continue reading...

Exclusive: ministers consider restricting pesticide-based treatments, which can get into waterways and harm wildlifePet owners across the UK could be banned from buying flea treatment for cats and dogs under new government rules.Ministers have begun an eight-week consultation on letting only veterinary practitioners or pharmacists give out the potent, pesticide-based flea treatments, to ensure “correct usage”. At the moment, the flea and tick treatments can be bought from any pet shop. Continue reading...

Mormon Wives star was accused of domestic violence by her former partner Dakota MortensenProsecutors in Utah have declined to press charges against Taylor Frankie Paul, star of the reality show The Secret Lives of Mormon Wives, after she was accused of domestic violence.In a statement on Tuesday, the Salt Lake county district attorney’s office said it would not be pursuing charges against Paul following a pair of domestic violence investigations stemming from allegations made by Paul’s former partner Dakota Mortensen. Continue reading...

Physicians issue reminder to public after TV doctor and CMS chief relays president’s claim on Don Jr podcastDonald Trump defended his consumption of diet soda by suggesting it might help prevent cancer, according to recent comments shared by Mehmet Oz in an interview with Donald Trump Jr.The remarks have even prompted some doctors to remind the public that, no, diet soda will not do anything to prevent cancer. Continue reading...