US Proposal to Iran Could Lower Gas Prices, Analyst Says

US president said he and Chinese leader ‘settled a lot of different problems’ but gave little detail on solutionsTrump China visit live – latest updatesDonald Trump’s whirlwind trip to Beijing – the first US presidential visit in nearly a decade – wrapped up with much fanfare but little clarity about what was actually achieved.Trump said on Friday that he and Xi Jinping, China’s leader, “settled a lot of different problems that other people wouldn’t have been able to solve”. But he didn’t provide much detail on what those solutions were. Continue reading...

UK government borrowing costs jump amid political uncertainty and oil price rise that fuelled inflation worriesBusiness live – latest updatesThe pound was heading for its worst week in 18 months on Friday as City traders anticipated that the UK prime minister, Keir Starmer, could face a challenge from the Manchester mayor, Andy Burnham, later this year.After days of uncertainty over Starmer’s future, sterling dropped by almost three cents, or 2%, during the week to $1.336 on Friday, a five-week low. That would be the largest weekly drop against the US dollar since Donald Trump’s election win in early November 2024. Continue reading...

Adam Kent suspended after Tory councillors joined forces with Greens and Lib Dems to end Reform’s minority controlThe Conservatives have suspended the party’s leader at Worcestershire county council after he made a deal with the Greens and Liberal Democrats to oust Reform.Reform UK gained control of the council a year ago but its tenure has been marked by a series of controversies and political infighting. This included a bitter leadership battle in which the now former Reform councillor Jo Monk was replaced as leader of the council in April. Continue reading...

With the primary election less than three weeks away, the gubernatorial and mayoral races have taken a fiery turnSparring on the debate stage, well-timed statements addressing the slightest misstep by an opponent and countless social media jabs: election season is heating up in California’s major primaries.With the primary election less than three weeks away, the gubernatorial and mayoral races have taken a fiery turn as candidates undergo last-ditch efforts to convince voters of their governance chops. Continue reading...

Media regulator announces commitments by Elon Musk’s platform to crack down on terrorist and hate contentElon Musk’s X platform has pledged to block UK access to accounts linked to banned terrorist groups under an agreement with the communications regulator to crack down on terrorist and hate content.X will also review suspected illegal terrorist and hate content within 48 hours and seek expert advice on how to handle user reports of such content. Continue reading...

Ken Murphy’s pay could rise even higher following scrapping of food waste target and weakness of rivalsBusiness live – latest updatesThe boss of Tesco made £10.8m last year, about £1m more than the year before, as the UK’s biggest supermarket hit its highest share of the market in a decade.Ken Murphy could make even more this year after being handed a 3% rise in basic pay to £1.54m and cutting food waste was scrapped as a target for his long-term bonus, according to Tesco’s annual report. Continue reading...

US president offers no news of any breakthrough on Iran. Plus, how renters’ rights could be key issue in midtermsGood morning.In his visit to China, Donald Trump, has seemed to revel in Chinese hospitality and flattery. Walking in the Zhongnanhai Garden in Beijing, the US president was overheard saying that Xi Jinping, the Chinese president, was giving him roses for the White House Rose Garden, according to a pool report.What has China said on Iran? On Fridy, China’s foreign ministry again called for a ceasefire in Iran and said the strait of Hormuz should be opened “as soon as possible”. Ahead of the summit, there was speculation the US might appeal to China, the biggest buyer of Iranian oil, to use its leverage to encourage the country to reopen the strait of Hormuz. But that was walked back by US secretary of state Marco Rubio on Thursday, who said, “We don’t need their help.”What about talks over Taiwan? They weren’t mentioned much. Xi took a firm tone, declaring that “Taiwan independence” and peace in the Taiwan strait were “incompatible”. Trump took a muted approach as he sidestepped questions on Taiwan. A White House readout of the meeting published later also omitted mention of the country.What do Russia’s renewed heavy attacks tell us? Friedrich Merz, the German chancellor, said on Thursday that Russia’s heavy bombardment of Kyiv showed Moscow was “banking on escalation rather than negotiation. Kyiv and its partners are ready for negotiations aimed at a just peace,” Merz said. “Russia, for its part, is continuing the war.” Continue reading...

Students from Reading Blue Coat school, and Highdown secondary school and Sixth Form Centre receiving treatmentTwo schools attended by pupils receiving treatment for meningitis have been named amid an outbreak of the infection in Berkshire which has caused the death of a student.The patients attend Reading Blue Coat school and Highdown secondary school and Sixth Form Centre, according to the UK Health Security Agency. Their close contacts have been offered antibiotics as a precaution. Continue reading...

Mirroring of each other’s attire may signal alignment – though the look wasn’t a huge departure for either leaderWhen Donald Trump and Xi Jinping met for a welcome ceremony in Tiananmen Square this week with the world’s gaze on them, they mirrored one another in strikingly similar suits.Both were blue, single-breasted with flap pockets. Both had two buttons with only the top one done up. Both wore red ties. Continue reading...

Representative Samantha Sencer-Mura leads action after Republican speaker rescinds promise to bring bill to vote Democratic state representatives in Minnesota staged an overnight sit-in in their house chamber on Thursday after the Republican speaker failed to put a gun violence prevention bill up for a vote.Samantha Sencer-Mura, a Democratic representative from Minneapolis, first announced the plan on Wednesday from the floor of the state’s house of representatives, giving speaker Lisa Demuth, a candidate for governor, 24 hours to give the bill a vote before the sit-in would start. Continue reading...

Concerns raised that cases were caused by a new strain of the virus as African health officials race to coordinate and contain the infectionAn outbreak of Ebola has killed 65 people in the Democratic Republic of the Congo, according to African health officials.There have been 246 suspected cases of the deadly haemorrhagic fever reported so far in Ituri province, which shares borders with Uganda and South Sudan. Continue reading...

State oil company fast-tracks previously undisclosed project, which is expected to double export capacityBusiness live – latest updatesThe United Arab Emirates has announced it will complete a new oil pipeline bypassing the strait of Hormuz by next year to secure its future crude exports against the threat of disruption.The current blockade of the vital waterway, through which 20% of oil and seaborne gas flowed before the Iran war, is approaching the 11-week mark, sending energy prices soaring around the world and throttling Gulf economies. Continue reading...