Reeves says āif economy aināt broke, donāt fix itā - as fight to keep her job goes on
Whoever wins the Labour leadership tussle, the chancellorās prospects for staying inpost have risen given the surprise GDP boostBusiness live ā latest updatesUK economy records surprise 0.3% growth despite Iran warThe message from Rachel Reeves is clear. After Britainās economy defied the predictions for a slump in March, despite the fallout from the Iran war, why put things at risk with a roll of the dice in domestic politics?Responding to bumper growth of 0.3% in March ā much stronger than City economistsā forecasts for a 0.2% contraction ā the chancellor said the figures showed she had the right economic plan, in a comment laced with subtext. Continue reading...
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Seven people seriously injured and 22 hurt after bus rolled off road in Whitsundays region
Eleven ambulances as well as two helicopters attended the scene, where one person was trapped under a busAt least seven people are seriously injured after a coach rolled on one of Australiaās most dangerous roads, leaving one person trapped beneath the vehicle.Emergency services were called to the intersection of the Bruce Highway and Rangemore Road at Gumlu in the Whitsundays region at about 4pm on Thursday after reports of a crash involving a bus with 29 people on board. Continue reading...
Read original Ā· theguardian.comWar, inflation and Trumpās tariffs have shaken the US. Why does the stock market keep going up?
Wall Street has proved incredibly resilient to instability, and while consumer confidence has dipped, shares have soaredIt was a dark Friday for Wall Street on 27 March. Oil prices were climbing and the war with Iran raged on. Markets responded accordingly, with the Dow and Nasdaq entering correction territory, falling more than 10% below their peak, after a month of selloffs.Fast forward seven weeks later to 13 May, and the situation in Iran only looked marginally better. Oil prices were high, and the strait of Hormuz was still closed. Peace talks with Iran seemed tenuous, even with the pressures of high gas prices. Donald Trump on Wednesday said he is ānot even a little bitā motivated by Americansā financial situation to end the war. Continue reading...
Read original Ā· theguardian.comAnderson juices up the vibes for Dior with spotlight on Hollywood
Designer suggests decision to stage show in Los Angeles is part of strategy to deepen labelās cinema presenceLike Christian Dior, the founder of the house he now leads, fashion designer Jonathan Andersonās ambition is to be not just a Parisian couturier but a Hollywood power player. āWe think of Dior as this romantic character, but he was also a very savvy businessman,ā said Anderson before a blockbuster catwalk show in Los Angeles. Stage Fright, the Hitchcock caper-noir for which Dior dressed Marlene Dietrich, was the showās origin story. āThere is all this amazing correspondence between Dior, Dietrich and Hitchcock, which shows how he navigated the money that it cost to make that film. I think we underestimate how much negotiation Dior did with studio executives. He was very smart in that way.āAnderson, 41, who was born in Northern Ireland but since being appointed to Dior splits his time between London and Paris, has his own Hollywood side hustle as the costume designer for Luca Guadagninoās films, and is set on reinvigorating Diorās relationship with the film industry. Continue reading...
Read original Ā· theguardian.comChicago Knight Rider car framed for speeding in New York City
A Kitt lookalike was filmed speeding in Brooklyn but the fine was sent to a museum where a replica is on displayA replica of the talking car Kitt from the 1980s US television action series Knight Rider for years has been parked in a museum about an hourās drive north of Chicago, so how did it get a speeding ticket in New York City?That is the question the Volo Museum is asking after it says it was recently mailed a $50 fine by New York City for a violation caught by traffic camera, alleging that its Knight Industries Two Thousand ā Kitt for short and a black Pontiac Trans Amā got busted going 9mph over the speed limit in a 25mph zone on 22 April. Continue reading...
Read original Ā· theguardian.comāInevitableā jet fuel shortages will drive up air fares this summer, says Willie Walsh
Impact of disruption caused by US-Israeli war on Iran may be felt into 2027 even if strait of Hormuz reopens, says aviation body headIncreases in air fares for travellers in Europe are āinevitableā over the peak summer period because of the high cost of jet fuel, according to the head of the international aviation body.While some airlines faced with weak demand have reduced their European fares recently, Willie Walsh, the former British Airways boss who leads the International Air Transport Association, said there was no way carriers could absorb the extra costs in the long run. Continue reading...
Read original Ā· theguardian.comWhat was HMRCās investigation into Angela Raynerās tax affairs all about?
Findings of inquiry into stamp duty paid on Hove flat crucial to any leadership bidUK politics live ā latest updatesAngela Rayner has been cleared by HMRC of deliberate wrongdoing or carelessness over her tax affairs, the Guardian reported, paving the way for a potential leadership bid as Keir Starmerās grip on power unravels. Continue reading...
Read original Ā· theguardian.comOne dead and 40 injured as intense Russian strikes on Ukraine continue ā Europe live
Russia has deployed more than 1,500 drones in the last two days, according to Ukraineās president Volodymyr ZelenskyyAfter a tense day of intense attacks on Wednesday, Russia has continued its strikes on Ukraine overnight, with at least one dead and 40 injured in the capital, Kyiv, after reported hits on civilian infrastructure.Ukraineās president Volodymyr Zelenskyy responded to the strikes, saying:āThese are definitely not the actions of those who believe the war is coming to an end. It is important that partners do not remain silent about this strike.ā Continue reading...
Read original Ā· theguardian.comFrench authorities lift lockdown on norovirus-hit cruise ship
Asymptomatic people allowed off ship from Wednesday afternoon but those infected ordered to remain in isolationA norovirus-hit cruise ship carrying mainly passengers from the UK and Ireland has had a French lockdown order lifted.All 1,701 people onboard Ambition were prevented from disembarking for more than 24 hours after it docked in Bordeaux on Tuesday, as one person died and dozens became ill with a vomiting virus. Continue reading...
Read original Ā· theguardian.comAngela Rayner says Starmer should āreflect onā stepping aside after HMRC clears her over tax affairs - UK politics live
The former deputy prime minister said she should be keen to āplay my partā in the event of a leadership contestFull report: Angela Rayner cleared by HMRC over tax affairs paving the way for potential leadership bidIn her interview with ITV, Angela Rayner, the former deputy PM, said she would not be making a pact with Andy Burnham to challenge Keir Starmer. āIām not doing deals or anything like that,ā she said.Good morning. Today it looks as though the phoney Labour leadership contest that has been bubbling away at least since Sunday may finally turn into a real one. Westminster is braced for Wes Streeting, the health secretary, to announce that he is standing ā although journalists are not yet 100% certain it will happen. Continue reading...
Read original Ā· theguardian.comVictorian Labor signals tougher stance on young offenders after 109 charges against 14-year-old dropped
The stateās opposition said case was proof āthe justice system is brokenāFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe Victorian Labor government says it will ādo everythingā it can to ātoughen consequencesā for young offenders after police withdrew 109 charges against a 14-year-old girl, in a case the opposition described as proof āthe justice system is brokenā.The girl, who cannot be identified for legal reasons, had been facing 109 charges, including reckless conduct endangering serious injury, motor vehicle theft and burglary, after an alleged two-month crime spree earlier this year when she was aged 13. Continue reading...
Read original Ā· theguardian.comTrump and Xi meet in Beijing for key summit, with trade, Iran and AI on table
US president says he and his Chinese counterpart have āknown each other for a long timeā and Xi is āgreat leaderāTrump in Beijing ā latest updatesFive key issues for Xi-Trump summitThe US president, Donald Trump, has met Chinaās leader, Xi Jinping, for a momentous summit that will pack negotiations on global conflict, international trade and the future of artificial intelligence into just over 24 hours.Trump arrived at the Great Hall of the People, an imposing Mao-era building that borders the western edge of Tiananmen Square, on Thursday morning for an opening ceremony followed by an hour of face to face talks with Xi. Continue reading...
Read original Ā· theguardian.com