Chair

Exclusive: Tan Dhesi says Argentinian threats make it more crucial than ever that PM increase defence spendingJavier Milei’s threats to the Falkland Islands make it even more important that Andy Burnham increase defence spending immediately, according to the Labour chair of the defence committee.Tan Dhesi said the comments by the Argentinian president this week show why the government should raise military spending to 3% of GDP by 2030. But he said Burnham’s plans remain mired in confusion after the prime minister appeared to reassure him that the 2030 target would be hit, only for Downing Street to later retreat. Continue reading...

Pay and shares deal nearly matches $58m award to John Ternus, his successor as CEO at the $4.7tn tech companyBusiness live – latest updatesTim Cook has received a $47m (£35m) pay deal as Apple’s executive chair, a remuneration package that nears the level set for his successor as chief executive.Cook, who handed over to John Ternus on Tuesday, will be paid a base salary of $2m and $45m worth of shares. Half of the share award will be based on performance targets being met, while the remaining half will be paid out over four years. Continue reading...

Ian Tyler, who was already in role on interim basis, selected and pledges to ‘lead the board’s evolution’BP has appointed a new chair after a months-long search following the controversial ousting of Albert Manifold, seeking to draw a line under the boardroom turmoil at the oil and gas company.Ian Tyler, who has served as the interim chair and sat on the BP board as a non-executive director since April 2025, is assuming the role on a permanent basis immediately. Continue reading...

• Apple has appointed John Ternus as the company's new Chief Executive Officer, succeeding Tim Cook. • Tim Cook will transition into the role of Executive Chair with a newly established compensation package valued at $47 million. • This leadership shift ensures Cook's continued strategic involvement in the company's operations while elevating Ternus to the top executive position.

• Federal Reserve Chairman Kevin Warsh delivered his first keynote address at the annual Jackson Hole retreat in Wyoming on Friday. • Warsh emphasized that price stability remains the central bank's core focus and will be the primary driver for near-term decision-making. • Despite strains in the housing and agriculture sectors, Warsh expressed confidence in the overall resilience and strengthening of the U.S. economy.

• Asian stocks, specifically equity-index futures for South Korea and Hong Kong, are expected to open lower on Friday, August 28, while Japanese futures remain flat. • The cautious sentiment follows a rally in US technology stocks driven by a strong outlook from Nvidia. • Investors are bracing for a speech by US Federal Reserve chair Kevin Warsh at the Jackson Hole symposium, with many anticipating a hawkish tone regarding monetary policy.

• Global stock markets mostly rose on Friday as investors sought guidance on future interest rate trajectories amid persistent inflation. • Market attention has shifted from the recent euphoria surrounding Nvidia's strong earnings report to an upcoming policy speech by US Federal Reserve Chair Kevin Warsh. • Asian equity markets showed mixed results, with gains in Tokyo and Hong Kong offset by retreats in Seoul and Shanghai as tech firms struggled to maintain their rally.

• US Federal Reserve Chairman Kevin Warsh described current inflation levels in the United States as "concerning" during his opening remarks on Friday. • Speaking at a key central bankers' meeting in Jackson Hole, Wyoming, Warsh emphasized that the Fed's "predominant focus right now should be on prices." • The statement is significant as Warsh had previously been reticent to share his economic views since taking office.

• Federal Reserve Chair Kevin Warsh signaled on Friday, Aug. 28, 2026, that the central bank may raise interest rates in the coming months. • Speaking at the annual Jackson Hole Economic Policy Symposium, Warsh stated that U.S. inflation remains stubbornly elevated and is still too high. • This announcement represents a clearer and more direct signal regarding his economic outlook than he has provided in previous communications.

• Federal Reserve Chair Kevin Warsh stated on Friday that high inflation in the U.S. remains "concerning" and must be the central bank's predominant focus. • The Fed has failed to meet its long-term 2% inflation target for over five years, with the most recent preferred gauge reaching 3.7%. • This rare public insight from Warsh signals a commitment to economic discipline over specific pre-determined decisions to stabilize prices.

• US stock indices remained steady on August 28, 2026, as investors reacted to Federal Reserve Chairman Kevin Warsh's address at the annual Jackson Hole symposium in Wyoming. • During his speech, Warsh warned policymakers and economists that inflation risks remain persistent, contributing to a cautious mood across the markets. • The subdued trading session was further influenced by a combination of mixed corporate updates and fluctuating commodities data.

However, Kevin Warsh didn’t say if interest rates would change in coming months, as inflation remains stubbornThe US Federal Reserve is not done fighting high inflation, its chair, Kevin Warsh, said in his first major speech in the role on Friday, emphasizing that it is “the Fed’s job to deliver stable prices”.Warsh did not indicate where the Fed will take interest rates in the coming months, despite US inflation remaining stubbornly above the central bank’s 2% target amid the war in Iran. But his speech was taken by markets as a signal that rates may rise in the coming months, a move that may put him at odds with Donald Trump, who has aggressively called for rates to be cut. Continue reading...

• Federal Reserve Chair Kevin Warsh delivered a speech at Jackson Hole on Friday, suggesting that policymakers may still "have work to do" if inflation does not return to the 2 per cent target. • The remarks were interpreted by some as the closest Warsh has come to acknowledging that further interest rate hikes could be necessary to curb inflation. • Market analysts, including Jamie Cox and Brian Jacobsen, viewed the speech as a strategic attempt to remain noncommittal and avoid pre-announcing policy intentions, reminiscent of Alan Greenspan's approach.

• Federal Reserve Chair Kevin Warsh is set to deliver his first major speech during the bank's annual economic retreat in Jackson Hole. • The address serves as a critical platform for Warsh to outline his specific strategy for managing inflation and stabilizing the economy. • This appearance is viewed as a pivotal moment for Warsh to establish his leadership and boost his professional credibility with markets and policymakers.

• Asia-Pacific markets showed mixed but generally positive movement, with Australia's ASX 200 rising 0.31% to 9,066.30 and China's SSEC increasing 0.24% to 3,965.98, though South Korea's KOSPI fell 1.03% to 6,841.49. • Investors are closely monitoring the Jackson Hole Symposium for upcoming remarks from Fed Chair Warsh, which are expected to provide guidance on future monetary policy. • Simultaneously, oil prices have climbed due to escalating tensions in the Middle East, adding volatility to the global economic landscape.

• Federal Reserve Chair Kevin Warsh is set to deliver his first speech at the Jackson Hole symposium in 2026. • The address occurs amid challenging economic conditions, including sticky inflation, elevated oil prices, and fluctuating interest rate expectations. • Investors are closely monitoring the event for critical clues regarding the Federal Reserve's future monetary policy path.

Key speech to be delivered this week at Jackson Hole said to focus on productivity and demographics in the US. Plus, how do you vaccinate 1,000 little penguins in the wild?Good morning. The new US Federal Reserve chair, Kevin Warsh, faces a critical test this week amid anxiety in government bond markets over inflation and Donald Trump’s tax and spending plans. As the world’s most powerful central bank prepares for its annual Jackson Hole conference, analysts said bond traders would be looking for signals from Warsh over its commitment to fighting inflation.However, Warsh has signalled reluctance to use his speech on Friday for the “more traditional setup” of dropping hints over how the US central bank may respond to inflationary pressures when its officials next meet to set interest rates in September and December. Instead, he has said his Jackson Hole speech could be “focused on bigger questions”, including concerns over productivity and demographics.Why is this a crucial moment for the Fed? The gathering of the world’s most powerful central bankers in the Grand Teton national park is a blue riband event in the financial calendar. However, the meeting comes as selling pressure intensifies in the $30tn US government debt market despite efforts by the Treasury secretary, Scott Bessent, to assuage investor worries after he committed to at least double Washington’s purchases of US Treasury bonds.What did Joshua Aviles say about his father’s arrest? “I’ve been deployed for over nine months, out ⁠at sea in the Middle East aboard the USS Abraham Lincoln, fighting for a country ​that has given me everything. I just got a call that my dad ‌was taken by ICE. We have done everything through immigration to get his green card approved, and we are just waiting. This is heartbreaking for me. I don’t know how I can mentally continue working 12+ hour days ‌knowing that my dad is somewhere, possibly being treated like a criminal.”How did the DHS respond? The DHS said Luis Manuel Aviles Roa ​entered the US illegally and would remain in immigration and customs enforcement detention pending removal proceedings. “Having a family member in the military is not a free pass to violate our nation’s laws,” the DHS said. Continue reading...

Campaigners say proposal for £10bn rescue deal in bid to avoid nationalisation is a ‘cosy stitch-up’Business live – latest updatesThe group of creditors pursuing a rescue bid for Thames Water have been accused of shuffling the deckchairs on the Titanic after proposing an overhaul of the stricken utility’s board.In a bid to stave off temporary nationalisation by Andy Burnham, the lenders said they would appoint Liz Barber, the former chief executive of Yorkshire Water, and Clive Selley, the former chief executive of network operator Openreach, as directors if they are allowed to take formal control of the company. Continue reading...

• Marie-Agnes Strack-Zimmerman, chairman of the European Parliament's Security and Defense subcommittee, reports that the EU is politically divided over imposing an entry ban on Russian citizens. • The bloc is split geographically, with Scandinavian and Baltic states pushing for a strict EU-wide solution to restrict entry. • Conversely, major powers including France, Italy, and Spain remain skeptical about implementing stricter entry requirements.

Investors will hope Kevin Warsh offers ‘comfort blanket’ at annual meeting of central banks amid bond market anxietyThe new US Federal Reserve chair, Kevin Warsh, faces a critical test this week amid anxiety in government bond markets over inflation and Donald Trump’s tax and spending plans.As the world’s most powerful central bank prepares for its annual Jackson Hole conference, analysts said bond traders would be looking for signals from Warsh over its commitment to fighting inflation. Continue reading...

The PM will be working alongside chancellor John Healey, Lou Haigh, Angela Rayner and Sally Jameson with regional mayors expected to be involvedHello and welcome to the UK politics live blog.Prime minister Andy Burnham will be working from No 10 North in Manchester today, where he will chair what some in government are referring to as the “growth situation room”.Burnham said yesterday that fly-tippers will be forced to pay for the clean-up when they dump waste illegally. The prime minister laid out his plans to crackdown on waste crimes as he visited an illegal dump in West Yorkshire.Racism and sexism have become normalised in Britain, the equalities minister has said, as she warned that young men were being sucked into violent misogyny by the “cesspit” of social media. Bridget Phillipson said she was increasingly worried about how commonplace misogyny and racism had become, fuelled by online interactions and statements by politicians she said would not have been acceptable a few years ago.Phillipson suggested her sweeping reforms to special educational needs provision could be adapted to give parents greater protections if they are unhappy about the service being provided for their children. The former education secretary told the Guardian ministers were open to making changes to the plans, which were announced earlier this year but which have since been subject to consultation.Education Lucy Powell on Thursday addressed the GCSE gender gap, which shrank to its narrowest point this century. Almost one in four boys in England received top grades in maths while results in English improved across the board. “The white working-class review that was recently done, that was one things it found, that more boys need to see the purpose of education, they need to see the line of sight into work,” Powell told the Press Association.Meanwhile, Burnham told reporters that funding for the Duke and Duchess of Sussex’s security arrangements on their return to the UK was a “private matter”, the Press Association reports. Harry and Meghan are expected to return to live in Britain later this month. After six years in the US, they will be moving with their two children, Prince Archie, seven, and Princess Lilibet, five, to a non-royal residence outside London. Continue reading...

Republican James Comer writes to private equity investor demanding full cooperation with investigationThe Republican chairman of the House oversight committee has threatened to hold the private equity investor Leon Black in contempt if he does not fully cooperate with the panel’s ongoing investigation into Jeffrey Epstein, amid accusations that the billionaire is purposely delaying and disrupting the panel’s inquiry.A letter released by Representative James Comer’s office on Tuesday, which was addressed to Black’s lawyer, revealed new details about the high-stakes clash between the powerful Kentucky congressman and Black, the co-founder of Apollo Asset Management who was Epstein’s friend and former client and paid Epstein tens of millions of dollars in fees. Continue reading...

Internal documents obtained by Guardian show White House meetings, scheduled calls with top Trump officials and communications with Fox News producers Continue reading...

Shane Hryhorec’s viral video showing the interaction with flight staff has already garnered 16 million viewsVirgin Australia has apologised to a disability advocate who said he was “humiliated” by his removal from a flight over his wheelchair motor.The airline called Shane Hryhorec on Wednesday afternoon to offer an apology, two days after the Adelaide-based man published a viral video showing the incident on board a flight from Sydney. Continue reading...

Revelation comes after it was disclosed that Reform UK backer had paid for spying on prominent journalistThe businessman and Reform UK backer Arron Banks commissioned a private intelligence firm to dig into the Conservative party chair, in addition to having paid for an investigation into a prominent journalist.Banks, a former Reform UK candidate and leave campaign donor, appeared to confirm on Sunday that he was behind an investigation into Kevin Hollinrake. Continue reading...

• Rajya Sabha Chairperson expressed regret over frequent disruptions during the Monsoon Session, which resulted in a low productivity rate of only 39%. • The Chairperson urged members to prioritize better parliamentary engagement to ensure the effective functioning of the House. • To support legislative efficiency, an orientation programme was organized for newly elected and nominated Members of the Rajya Sabha.

• Wall Street reacted negatively after Federal Reserve Chair Kevin Warsh decided to hold interest rates steady instead of implementing a hike. • Analysts, including Bank of America's Mark Cabana and PGIM's Robert Sockin, described the move as a "credibility shock" and criticized Warsh for failing to explain the decision during his press conference. • The decision triggered a sharp sell-off in the bond market, with traders reacting "brutally" to the unexpected lack of monetary tightening.

• Federal Reserve Chair Warsh announced on Wednesday that the central bank will leave its key interest rate unchanged despite persistent inflation and rising energy prices linked to the Iran war. • Appointed by President Donald Trump, Warsh is implementing a strategy of providing fewer signals to financial markets regarding the Fed's future interest rate intentions. • This shift toward reticence is cited as a contributing factor to rising bond yields, with the 10-year Treasury yield climbing from 4.50% in mid-June to 4.64% prior to the decision.