Cuts

• The OECD has lowered its 2026 global growth forecast, warning that ongoing conflict in the Middle East is damaging worldwide economic prospects. • A more severe economic shock is predicted if an effective ceasefire is not reached before 2027, though some impacts may be offset by tighter fiscal policies and the end of the NextGenerationEU recovery spending. • Specifically in the United Kingdom, growth is projected to drop from 1.4% in 2025 to 0.9% in 2026.

• The Albanese government is facing increasing pushback over proposed reforms to the National Disability Insurance Scheme (NDIS), with critics warning that cuts could cause significant harm to participants. • In the Middle East, Israel continued its overnight offensive, while Tehran announced it is halting peace talks and intends to fully close the strait of Hormuz. • Tensions remain high as Marco Rubio claims Iran has agreed to negotiate parts of its nuclear program, contradicting the current escalation.

Pelley reportedly rebuked ousting of show’s executive producer, executive editor and two top correspondentsScott Pelley, a veteran 60 Minutes correspondent, called out CBS News management in a heated meeting on Monday morning, attacking the network’s decision on Thursday to fire the show’s executive producer, executive editor, and two fellow correspondents, Sharyn Alfonsi and Cecilia Vega, as part of a broader overhaul of the show, sources tell the Guardian.During a meeting of the show’s staff and Nick Bilton, its newly appointed executive producer, along with the CBS News managing editor Charles Forelle, Pelley took direct aim at Bari Weiss, the network’s controversial editor-in-chief. Continue reading...

Community programs are more effective at reducing violence than simply making arrests, advocates sayHomicides in the US have fallen dramatically in recent years after a spike during the Covid-19 pandemic, but now some advocates for community violence intervention programs worry federal funding cuts by the Trump administration will reverse that trend.In April 2025, more than $800m in grants was cut from the Department of Justice’s office of justice programs aimed at preventing and responding to gun violence, among other causes. Continue reading...

Labour should also drill for oil and gas in North Sea, says former health secretary and leadership candidateWes Streeting has called for national insurance tax cuts for businesses, and for the government to drill for oil and gas in the North Sea.The former health secretary and Labour leadership candidate told the Sunday Times there should be a “targeted reduction” of employers’ national insurance contribution as a way to “actively incentivise” hiring, particularly of young people. Continue reading...

Conservation groups warn slashing Darwin Initiative will put species and habitats in jeopardy, and set back efforts to halt decline in natureOne of the UK’s longest-standing funds for global nature protection is being drastically cut back, the Guardian has learned.At least 89 countries will lose eligibility for funding for biodiversity projects under the Darwin Initiative, in a round of cuts that conservationists warned would put species and habitats in jeopardy, and set back global efforts to halt the precipitous decline in nature. Continue reading...

• Morgan Stanley has warned that artificial intelligence could trigger significant job losses across European banks in the coming years. • The report indicates that AI may boost productivity by up to 30%, drastically reducing the necessity for large workforces within banking operations. • This shift matters as it threatens traditional operational roles while simultaneously creating a demand for specialized positions in cybersecurity, data analysis, and AI management.