Ferrari shares fall after launch of first EV as Jony Ive design proves divisive

• Diplomacy between Tehran and Washington has accelerated after weeks of escalation, with regional mediators helping drive a new round of Iran-U.S. talks. • The reporting says the confrontation follows more than six weeks of disruption tied to Iran’s pressure on shipping through the Strait of Hormuz and a U.S.-enforced naval blockade.

• The Center for Strategic and International Studies hosted a press briefing previewing the upcoming summit between President Trump and Xi Jinping, with Taiwan expected to be a central issue. • CSIS said Xi highlighted Taiwan as the most important issue in U.S.-China relations during a February 2026 phone call and urged Washington not to provide arms to Taiwan.

Investigation finds number of dairy farms where cows cannot go outside has more than doubled since 2015There has been a huge rise in factory-style dairy farming of “battery cows” in the UK as farmers struggle with increasing costs and face selling milk at a loss.The number of intensive dairy farms that permanently confine some of their cattle indoors has more than doubled in the past 10 years, an investigation by the Bureau of Investigative Journalism (BIJ) has found. Data suggests there are now at least 180 dairy farms where cows have no access to the outdoors, up from about 70 in 2015. Continue reading...

Two children among dead after incident at level crossing near town of Buggenhout in FlandersEurope – latest updatesAn investigation is under way after four people, including two children, were killed when a school minibus collided with a train in northern Belgium.Five children were injured in the crash at a level crossing near the small town of Buggenhout in Flanders on Tuesday. Continue reading...

With a second investigation under way into his conduct, Paul Brereton tells estimates about concerns of workersGet our breaking news email, free app or daily news podcastAustralia’s federal anti-corruption body is filled with staff “terrified of making any mistake of fact or law”, the outgoing commissioner claims.Paul Brereton, the National Anti-Corruption Commissioner, also defended his actions and decisions as the watchdog’s first head explaining his resignation was due to “distractions”, including two ongoing investigations into his conduct. Continue reading...

Crude rises after US strikes on Iran dampen hopes of peace deal, with experts saying talks appear stuck in ‘endless loop’Business live – latest updatesOil has again touched $100 a barrel after fresh US strikes on Iran dashed hopes of a Middle East breakthrough, with experts saying that whatever the outcome of peace talks the global energy market may now be past the “point of no return”.News of the US attacks on missile launch sites and mine-laying vessels pushed the price of Brent crude past the key threshold on Tuesday, before it later eased back to about $99. Continue reading...

Trump’s mass deportation campaign is accelerating the climate crisis. Plus, US students on why they booed their pro-AI graduation speakersGood morning.Donald Trump’s mass deportation campaign has spurred at least an 80% increase in immigration flights year over year, accelerating the climate crisis by emitting massive amounts of carbon dioxide, according to data analysis shared exclusively with the Guardian.How much carbon is ICE emitting through deportation flights? US Immigration and Customs Enforcement’s (ICE) air operations pumped out an estimated 335,876 tonnes (37,0240 US tons) of carbon emissions in 2025, up 88% from the year before. The first four months of 2026 show the federal agency is on track to contribute even more to global heating this year from such flights, the Guardian can reveal.Why is Trump facing criticism from his own party over Iran? Loyalists are concerned over reports that billions of dollars in frozen assets could be made available to Tehran, with senior Republican saying the reported details of the peace deal appear too close to the nuclear deal negotiated in 2015 by the Obama administration, which Trump scrapped. Continue reading...

The EPA said it was cutting Biden-era regulations on Pfas in drinking water, but advocates say the move will harm public health and benefit industryA new Trump administration plan to ditch Pfas drinking water regulations and instead attempt to destroy “forever chemicals” on a wide scale tears a page from the fossil fuel industry’s carbon capture playbook, and will benefit the industry while harming public health.The US Environmental Protection Agency last week announced it is moving to kill strong Biden-era drinking water limits around four Pfas compounds, and delaying implementation for two more. It represented a blow to public health – advocates say strong limits and a dramatic cut in the production of the dangerous chemicals are imperative. Continue reading...

Government’s special investigator tells Senate estimates he was surprised journalists had prior knowledge of former SAS man’s arrestGet our breaking news email, free app or daily news podcastThe federal government’s special investigator for war crimes allegations and the Australian federal police have asked the anti-corruption commission to investigate media leaks about the arrest of Ben Roberts-Smith.Arrested at Sydney airport on 7 April, the Victoria Cross recipient faces five charges of war crime murder over allegations he killed unarmed civilians during his service with the Australian SAS in Afghanistan. Continue reading...

Employment minister Amanda Rishworth plans to move system from a ‘one size fits all’ employment services model to three streams of supportGet our breaking news email, free app or daily news podcastThe Albanese government has flagged a major overhaul of Australia’s employment system, with minister Amanda Rishworth on Wednesday expected to outline plans to ease Centrelink’s much-maligned mutual obligations regime.Rishworth is expected to tell the National Press Club that mutual obligation requirements were not helping Australians find work in a system that was “ill-equipped” and wasting the time of people who use welfare. Continue reading...

Oil company’s chair to leave immediately as Ian Tyler is named as interim successorBusiness live – latest updatesBP has removed its chair, Albert Manifold, with the oil company’s board saying it had “serious concerns about “important governance standards, oversight and conduct”.The FTSE 100 oil company announced Manifold’s departure with immediate effect on Tuesday, without giving further details of his actions. He lasted only eight months in the role. Continue reading...

Jonathan Andic said he was temporarily standing aside as vice-chair of fashion chain after being named a suspect in death of Isak AndicJonathan Andic, son of the Mango founder Isak Andic, is stepping down temporarily as the fashion group’s vice-chair after being named a suspect in the investigation into his father’s death.In an open letter published on Tuesday, Andic strongly protested his innocence, saying the accusation bore “no relation to reality”, but that “dismantling it” would take a long time. Continue reading...