Decline

Soft-left Tribune group issues thinly disguised attack on Keir Starmer, calling for bold policy renewalBusiness live – latest updatesUK politics live – latest updatesAn influential group of MPs has said that Labour needs an urgent renewal of economic strategy to offer voters “more than better management of decline” before the next general election.With Keir Starmer fighting to ward off a leadership challenge, the leading backbenchers from the soft-left Tribune group published a series of essays calling for bolder action to salvage its remaining time in power. Continue reading...

Chief secretary, Darren Jones, says PM is ‘listening to colleagues’ but will make own decisions on way forwardUK politics live – latest updatesOne of Keir Starmer’s closest aides has declined to say whether he would lead his party into the next election amid mounting calls for him to resign.The prime minister is “listening to colleagues” who are asking him to set out a timetable for departure but would make his own decisions about the way forward, the prime minister’s chief secretary has said. Continue reading...

• U.S. stock-index futures fell early Monday, with Dow Jones futures down 0.30% at 49,540, Nasdaq 100 futures off 0.03% at 29,324, and S&P 500 futures dropping 0.4% amid rising geopolitical risks. • President Donald Trump called Iran's latest response to the U.S. proposal to end the war 'totally unacceptable,' triggering a surge in oil prices as markets braced for escalation. • The reaction compounds pressure from recent strong NFP data at +312K jobs versus +185K expected, with 2-year Treasury yields watched above 5% for further equity downside.

• Reporters Without Borders has documented the first significant and prolonged decline in press freedom in the United States in modern history, directly attributing deterioration to Trump's return to office. • The organization reports that Trump has attempted to pressure media companies to soften coverage and install administration-allied leaders in key positions. • The concerning trend reverses a century of gradual press freedom expansion, marking a critical moment for media independence and democratic institutions.

• Singapore's Straits Times Index (STI) dropped 20.06 points or 0.4% to close at 4,921.90 on May 8, 2026, amid a broader regional retreat. • Hongkong Land was the worst performer among STI constituents, plunging 5.2% or US$0.45 to US$8.25. • OCBC bucked the trend, rising 0.2% to S$21.92 after reporting a 5% quarterly net profit increase to S$1.97 billion for Q1 ended March 31.

• The S&P 500 fell 0.4% or 28.01 points to 7,337.11 on Thursday, retreating from its all-time high, while the Dow dropped 313.62 points or 0.6% to 49,596.97 and Nasdaq slipped 0.1% or 32.75 points to 25,806.20. • Oil prices yo-yoed due to Wall Street's waiting on hopes for a deal to end the Iran war, with earlier sharp swings from dashed expectations of reopening the Strait of Hormuz; Iran created a government agency to vet and tax vessels passing through, potentially raising fuel costs. • Standouts included Axon Enterprise rallying 10.6% after raising its revenue forecast due to counter-drone product growth, and Albemarle rising 3% on better-than-expected results, while Shake Shack tumbled 28.3% and Whirlpool fell 11.9% on weak earnings.

Nobel laureate says he previously considered himself a supporter of Israel, but ‘the campaign of annihilation in Gaza has changed all that’Nobel laureate JM Coetzee has declined to attend an upcoming literature festival in Israel, writing a excoriating letter to organisers citing the country’s “genocidal campaign” in Gaza, stating: “It will take many years for Israel to clear its name”.The 86-year-old author, who was born in apartheid South Africa and lives in Australia, wrote to organisers of the Jerusalem international writers festival in November. Continue reading...