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Driver faces two counts of involuntary manslaughter in Friday crash that killed five and injured more than 40 othersThe driver of a motor coach bus that killed five people and injured more than 40 others after crashing in Virginia on Friday morning has been criminally charged.Jing S Dong, 48, faces two counts of involuntary manslaughter, with additional charges likely, according to Virginia state police.The AP contributed reporting Continue reading...

Despite government pledges, more than 20 authorities will not allow gullies, citing safety, legal and parking concernsThe energy secretary, Ed Miliband, has said charger gullies to connect electric cars parked on streets will help cut costs for drivers, yet millions of UK households may be unable to use the simple technology because their local councils will still not allow charging cables to cross the pavement.Despite government promises to “slash red tape” and make it easier to put in gullies, more than 20 local authorities appear to be holding out against them. Continue reading...

• The European Central Bank (ECB) reported in its May 2026 Financial Stability Review that asset price valuations have reached particularly high levels in the technology and AI sectors. • Euro area investors hold significant exposures to these sectors, with price/earnings ratios remaining historically elevated across multiple equity markets. • Data indicates that US equity indices are currently trading at notably higher valuation levels compared to European markets.

• The European Central Bank (ECB) is analyzing a significant surge in euro area banks' price-to-book (P/B) ratios projected for 2025. • While high valuations may indicate strong earnings power, the ECB warns they could also stem from investor over-optimism and compressed equity risk premia. • This trend matters because it poses potential risks to financial stability if expectations for economic growth or return on equity are not realized.

Police say 64-year-old was attacked after confrontation near Battersea BridgeA murder investigation has been launched after a bus driver died after an assault on Battersea Bridge in London, police said. Sergei Krajev, 64, died in hospital on Tuesday after the incident in the early hours of Monday morning. Police believe he was attacked following a confrontation on the pavement near the bus, which was stationary at the time. Gary Jones, 32, was arrested at the scene.He was later charged with causing grievous bodily harm and appeared at Wimbledon magistrates court. He has been remanded in custody. Jones will next appear at Kingston crown court on 15 June, the Metropolitan police said. The family of Krajev paid tribute to him, saying: “We feel fortunate to have had such a wonderful husband, father and grandfather in our lives. Continue reading...

Firms do not offer cover for some models, or charge more than for equivalent petrol cars, research findsUK insurers are more hesitant to cover some hybrid and electric vehicles (EVs) from China than cars from other countries, research suggests.While some drivers can save money by buying cars made in China, they may have more limited options to get insurance than those buying electric, hybrid and petrol cars from Europe, the US and South Korea. Continue reading...

• China Daily highlights the Regional Comprehensive Economic Partnership (RCEP), the world's largest free trade agreement, as increasingly vital for anchoring growth across Asia amid global uncertainties. • Covering 30% of global GDP and population, RCEP facilitates deeper supply chain integration and tariff reductions among 15 member nations including China, Japan, South Korea, ASEAN countries, and Australia. • The pact's expansion of trade rules supports resilience against trade wars and economic slowdowns, boosting intra-Asian commerce by an estimated 10-15% in key sectors.