First Thing: New Fed chair Kevin Warsh faces early test amid bond market worries

• Iran's president has defended a memorandum of understanding with the U.S., claiming it represents the most effective path to resolve a stalled conflict. • In contrast, Iran's new security chief adopted a defiant tone on Sunday, warning neighboring nations against participating in new U.S. sanctions.

World’s largest streaming services have also increased subscription costs repeatedly in US, research findsBusiness live – latest updatesSubscribers to Netflix, Disney+ and Amazon Prime Video in western Europe have faced higher price increases than in any other market in recent years, according to research.Over the past four years the world’s largest subscription video streaming services have dramatically changed their business models introducing lower-priced, basic advertising tiers to attract new subscribers, while also increasingly monetising users willing to pay more for a premium experience. Continue reading...

Campaigners accuse ministers of trying to grab headlines with announcement before a working system is readySurvivors of violent crime and families of victims have criticised the UK government for announcing “world first” plans to introduce restriction zones for serious offenders freed from prison within a few weeks without spelling out how they would work.Key campaigners who have championed the idea of the zones, designed to “lock” offenders into specific areas, accused the government of seeking to grab headlines rather than providing the detail that would reassure survivors and families. Continue reading...

Gary mayor says 12 days is ‘too long’ for residents to go without power after storm downed trees on to power linesThe mayor of Gary, Indiana, has said it is “unacceptable” that thousands of residents in the city are still without power nearly two weeks after an 11 August storm known as a derecho brought 90 mph, straight-line winds, downing trees on to power lines.“We’re at day 12, and 12 days is too long for families to be without power,” Eddie Melton, Gary’s mayor, said in a video address on Sunday, adding that he is continuing to pressure the Northern Indiana Public Service Company (Nipsco) to restore the city’s power before the end of Tuesday. Continue reading...

Nine men and three women aged between 19 and 61 arrested as part of investigation of events leading to deadly collisionTwelve people have been arrested on suspicion of offences including being involved with organised crime as part of the investigation into events leading to a crash on the A66 which killed two police officers and five others.Cleveland police said nine men and three women, aged between 19 and 61, had been arrested on suspicion of offences ranging from possession of a firearm to participating in the activities of an organised crime group. Continue reading...

Fast-moving, ‘human-caused’ fire in Reno leaves thousands of homes and businesses without power, officials sayTens of thousands of people in Nevada were urged to evacuate as a fast-moving, wind-driven wildfire bore down on the city of Reno.The Hawk fire began on Saturday to the north-west of the city, and quickly grew, showing “extreme fire behavior”. Continue reading...

NGO criticises ‘human cost’ of UK-funded crackdown on attempts to set off from French beaches in small boatsPeople trying to cross the Channel to the UK have reported an increase in French police use of violence on beaches to prevent them from getting into dinghies, according to a French NGO.Utopia 56, which works on beaches from where migrants attempt Channel crossings, says so far this year 2,720 people have reported being victims of French police violence, compared with 1,954 over the same period last year, when crossings overall were much higher. Continue reading...

Gardiner, who had cancer, is remembered as ‘one of a kind’ after competing in BBC show with son Sam in 2020Tributes have been paid to the Race Across the World star Jo Gardiner, who has died a year after her son and co-star Sam was killed in a car crash.The physiotherapist from Manchester died after “a long and courageous battle with cancer”, relatives said. She was 61 and is survived by her other son, Charlie. Continue reading...

Sean Grayson, who was diagnosed with stage three colon cancer in 2023, was serving a 20-year sentence for second-degree murder The former Illinois sheriff’s deputy convicted of fatally shooting Sonya Massey in her home after she reported a possible prowler to 911, has died, his attorney said Sunday.Sean Grayson died on Sunday, lawyer Daniel Fultz – who represented the ex-Sangamon county deputy at his trial – told NBC News and CBS News.The Associated Press contributed Continue reading...

Research shows firms are branded as beauty and convenience but apparently operate in money-laundering and terrorist financing sectorsUp to £464m has “moved through” more than 3,000 UK shell companies branded as beauty and convenience stores but apparently operating in the money-laundering and terrorist financing sectors, a new analysis sets out.The companies – listed as hairdressers, barber shops and salons, on the one hand, or mini-marts and corner shops on the other – show “remarkably similar lifespans” of about six months despite their seemingly different purposes. Continue reading...

Test of US rhetoric will rest on whether nations such as India, China and Russia view economic threats as credibleIran has vowed to retaliate against any country that cooperates with the US attempt to impose fresh sanctions against Iran in what the Treasury secretary, Scott Bessent, has billed as “the single greatest financial offensive ever marshalled against an adversary”.In advance of the US announcement, the United Arab Emirates, Iran’s single biggest trading partner in the Middle East, announced it was ending all trade with Iran, a move Tehran believes was coordinated between Washington and Dubai. Continue reading...