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Washington-based fund praises Rachel Reeves for aiming to cut budget deficit as it upgrades growth forecastsBusiness live – latest updatesThe International Monetary Fund has urged Britain to “stay the course” to cut government borrowing amid growing bond market concerns over a Labour leadership challenge.As Keir Starmer battles to cling on to power, the Washington-based fund said it was important to continue reducing the budget deficit “given market pressures and elevated implementation risks”. Continue reading...

Participants who got single dose of psilocybin were more likely to abstain from cocaine than those who got placeboResults from a new clinical trial show that a single dose of psilocybin could be an effective treatment for cocaine addiction.The study, published in Jama Network Open this month, showed that 19 participants who received a single dose of psilocybin were more likely to abstain from cocaine than 17 participants who received a placebo of diphenhydramine, a common antihistamine. Continue reading...

Singer says she has faced ‘years of public shaming’, as court rules tax agency made mistake over her 2011 statusA court in Madrid has ordered Spain’s tax authority to pay Shakira back more than €55m (£48m) after ruling that it had wrongly imposed huge fines on the Colombian singer and philanthropist because it had made mistakes over her tax status.In a statement released on Monday, the Audiencia Nacional said it had accepted an appeal from Shakira against the fine she was handed five years ago after the Agencia Tributaria claimed she had not paid the necessary tax in Spain in 2011. At that time, the singer was in a relationship with the FC Barcelona player Gerard Piqué. Continue reading...

GOP to target seat held by Jim Clyburn, the only Democrat among the state’s seven representatives in the HouseSign up for the Breaking News US emailHello and welcome to the US politics live blog.An effort to reshape South Carolina’s congressional districts will get its first full airing Monday in the state House.I live in three districts. I’ll decide which one to run in.A US Senate official on Saturday removed security funding that could be used for Donald Trump’s planned $400m White House ballroom from a massive spending package, Democratic lawmakers said, imperilling Republican efforts to devote taxpayer money to the contentious project.The Republican senator Bill Cassidy lost his primary on Saturday, as voters in Louisiana opted instead to advance two challengers to a runoff election after an extraordinary intervention by Trump to oust the incumbent.With two days to go before the next big test of Trump’s iron grip over his party, the president went head-to-head on Sunday with his nemesis, Thomas Massie the Kentucky congressman who is in a fight for his political life in Tuesday’s Republican primary.Workers renovating one of Washington DC’s most historically symbolic sites in a project ordered by Trump may be risking their safety as they race to finish on time for the US’s 250th anniversary celebrations, a union monitoring the site has warned.The FBI director, Kash Patel, is facing new scrutiny following reports that he participated in a snorkelling excursion around the USS Arizona during a trip to Hawaii last summer. Continue reading...

Singer took lead vocal on UK No 1 When You’re in Love With a Beautiful Woman, and had numerous other transatlantic hitsDennis Locorriere, the guitarist and singer with the chart-topping soft rock band Dr Hook, has died aged 76.A statement from his management company said he died on Saturday “after a long and courageous battle with kidney disease … Dennis faced his illness with remarkable strength, dignity, and resilience throughout, and remained deeply cherished by all who knew him”. Continue reading...

Proposed IRS data sharing with immigration authorities and ICE raids have made filing risky for those who are undocumentedThe Trump administration’s immigration crackdown could cause the US to potentially lose up to $479bn in lost tax revenue over the the next 10 years, with enforcement deterring undocumented workers from filing their taxes this year, according to tax experts.Tax advisers say major changes, including proposed data sharing with immigration enforcement, have made filing taxes risky for undocumented immigrants. Tax benefits for immigrant parents have also been removed, further removing incentive to file taxes at all. Continue reading...

The historian won $50,000 for her nonfiction book Näku Dhäruk: The Bark Petitions, which judges praised as deeply researched, ‘highly original’ and ‘vividly alive’A “highly original” nonfiction by Melbourne historian Clare Wright, charting the creation of the Yirrkala Bark Petitions – a seminal moment in Australia’s history of land rights – has won book of the year at the NSW literary awards.The Petitions were landmark documents presented by Yolŋu elders to the Australian parliament in 1963 on painted bark frames, which sought government intervention after a portion of Arnhem Land Reserve was licensed to a French mining company. Though it didn’t halt mining on the land, the petitions led to the first land rights legislation in Australia, the Aboriginal Land Rights (Northern Territory) Act 1976. Continue reading...

Trump warning over peace talks drives up crude price as UK gilts hit by uncertainty over Starmer leadershipBusiness live – latest updatesOil prices rose and global bonds wobbled on Monday, as fresh tensions in the Middle East fed inflation fears and bets that central banks will have to increase interest rates.Brent crude, the international benchmark for oil, rose on Monday, after an attack on a nuclear power plant in the United Arab Emirates. Continue reading...

People’s party wins regional election but loses absolute majority, opening door to possibly months of negotiationsSpain’s conservative People’s party (PP) won Sunday’s Andalucían regional election, but lost its absolute majority, leaving it dependent on the support or abstention of the far-right Vox party to form a new government.After the poll in Spain’s most populous region – which will serve as a barometer of wider electoral opinion ahead of next year’s general election – the socialists slumped to an all-time low and Vox picked up one additional seat. Continue reading...

Civilians left increasingly exposed as a dangerous new front opens up in the country’s decades-old conflictAs night fell over southern Colombia, and a group of children began their weekly Tuesday football match, a drone appeared overhead.The children looked up, and the drone dropped a grenade, its blast killing a 10-year-old boy and injuring 12 more civilians. The child’s death, in southern Cauca in 2024, marked the first known time a person in the country had been killed in a weaponised drone attack. Continue reading...

Deputy PM says the public will not forgive weeks of internal debate on the EU and Labour leadership, warning it will play into Reform’s handsGood morning. Harold Wilson was right; a week is a long time etc etc. Seven days ago, the biggest threat to Keir Starmer was a half-baked challenge from Catherine West. A week on, with Andy Burnham on a viable path back to Westminster within the next few weeks, it now seems more likely than not that Burnham will be prime minister by the autumn, perhaps earlier, and that Keir Starmer will be out.We are likely to hear from Starmer himself this morning. In the meantime, David Lammy, the deputy PM, has been doing a broadcast round. As Peter Walker reports, Lammy has insisted that Starmer is not about to set out a timetable for his departure. Continue reading...