Edge

Shares in Spire Healthcare jump after approach from Toscafund, founded by City figure known as ‘the Rottweiler’Business live – latest updatesThe board of Britain’s largest private hospital operator has backed a buyout proposal worth £1bn from its second-biggest shareholder, a hedge fund manager known as “the Rottweiler”, sending its shares soaring by nearly 50%.Spire Healthcare, which owns the Claremont hospital in Sheffield and St Anthony’s hospital in south London, said it had received a non-binding proposal worth 250p a share from funds advised by the activist investor Toscafund Asset Management. Continue reading...

• Global hedge funds ramped up investments in Asia, with weekly buying of South Korean, Japanese, and Taiwanese stocks reaching a 10-year high for the week ending May 7, according to a Morgan Stanley report. • The surge, the heaviest in over a decade in notional terms, was driven by clients across all regions and strategies targeting Asia's technology sector amid the AI boom. • Hedge funds' net exposure to Japan, South Korea, and Taiwan has risen to its highest since 2010, now at about 19% of global positioning, focusing on semiconductors and hardware in the AI supply chain.

• Buriram United defeated Johor Darul Ta'zim 3-1 in the first leg of the ASEAN Club Championship semifinals last week. • The Thai club heads into the second leg on Wednesday with a two-goal advantage, leveraging their recent mental dominance in head-to-head matchups. • This matchup highlights the intense rivalry in Southeast Asian club football, with Buriram aiming to advance to the final.

• Chiba Jets defeated Gunma Credit CT 72-68 in a tight Japanese basketball league game. • The Jets showcased exceptional free-throw accuracy, converting 19-of-22 attempts for an 86.4% success rate. • American forward performance was pivotal in securing the narrow victory for Chiba.

Shadow treasurer Tim Wilson says his objective is to ‘defeat’ changes to capital gains and negative gearing. Follow today’s news liveSee all our Australia budget 2026 coverageGet our breaking news email, free app or daily news podcastThe Coalition said last night it would repeal changes to capital gains tax and negative gearing if elected as it tried to hit back at Labor’s budget measures.The shadow treasurer, Tim Wilson, told Sky News the prime minister promised not to touch the incentives during last year’s election campaign and that therefore Labor did not have a mandate for the reforms.We’ll repeal these measures if necessary, but our objective is to defeat them and to make sure that they’re never legislated. Because this government doesn’t have licence from the Australian community support these changes. Continue reading...

• On May 7, 2026, NEC Corporation unveiled its first quantum‑inspired AI accelerator chip, the “Q‑Neuron B1,” designed for edge‑computing devices such as industrial robots, drones, and smart‑city sensors. • The chip reportedly delivers a 3.2x improvement in inference latency over prior NEC ASICs while consuming 38% less power, enabling real‑time video analytics at up to 7680×4320 resolution on low‑bandwidth edge nodes. • NEC aims to ship the first commercial batches to Japanese manufacturers and municipal networks by Q3 2026, with plans to license the architecture to South Korean and Taiwanese partners.

• Péter Magyar's Respect and Freedom Party (Tisza) won a two-thirds supermajority with 141 of 199 seats last month, ending Viktor Orbán's 16-year Fidesz rule. • Reforms focus on restoring judicial independence, media freedom, eliminating political influence in state institutions and companies. • The government plans to join the European Public Prosecutor's Office to tackle EU budget fraud, corruption, and fund misuse, amid increased scrutiny of Orbán-era exposures.

Promises to cut emissions and use more fuel-efficient planes fail to stop rise, with Ryanair’s carbon footprint 50% up on 2019Emissions from flying in Europe have now passed pre-pandemic levels, with Ryanair’s carbon footprint 50% higher than in 2019, research has shown.Total aviation emissions continue to increase despite industry pledges to decarbonise and the introduction of more fuel-efficient planes, driven by the massive expansion of low-cost carriers. Continue reading...

• Pinecone launched a new cloud region in Singapore to serve the Asia-Pacific market, expanding its AI knowledge infrastructure capabilities across the region. • The Singapore region deployment positions Pinecone as a key provider for enterprise AI applications requiring low-latency data access and localized infrastructure in Southeast Asia. • This expansion reflects growing demand from regional organizations for specialized AI infrastructure and vector database services supporting advanced analytics and machine learning workloads.

Letter from House Democrats to secretary of state calls for end to ambiguity over Israel’s nuclear weapons programsHouse Democrats have asked secretary of state Marco Rubio to publicly announce that Israel possesses nuclear weapons, arguing that Washington must end decades of ambiguity over the issue amid the conflict with Iran.In a letter sent on Monday, 30 Democrats wrote that it was unsustainable for Donald Trump to collaborate with Israeli prime minister Benjamin Netanyahu on a military campaign against Iran – with the stated goal of preventing the country from obtaining a nuclear weapon – without publicly acknowledging the US ally’s possession of the bomb. Continue reading...

• Finance leaders from China, Japan, South Korea, and ASEAN nations convened in Samarkand to address regional economic stability. • They committed to closely monitor and act against excessive volatility in financial markets amid global uncertainties. • The pledge underscores coordinated efforts to mitigate risks from geopolitical tensions and market fluctuations impacting Asia.

• Indian men's team fought back to narrowly defeat Slovakia in a key match at the World Table Tennis Team Championships. • The event continues with more matches featuring Indian players. • This win boosts India's standing in the ongoing international competition.

Analysts say Americans have now paid $21.7bn more to fill their tanks since the start of the US war on IranExxon and Chevron quarterly earnings fall despite soaring oil pricesSign up for the Breaking News US newsletter emailThe average price for a gallon of gas in California rose to $6 this week as fuel prices across the US reached their highest level in almost four years.The American Automobile Association reported on Friday that California consumers were paying an average of $6.06, while the national average hit $4.39. The Golden state is the most expensive US market for gas but costs have also risen nationally with a 27-cent rise this week following two weeks of falling prices, AAA said in a statement. Continue reading...

Foreign affairs minister says China has agreed to facilitate exports of jet fuel to ease supply disruptions. Follow today’s news liveGet our breaking news email, free app or daily news podcastGood morning and welcome to our live news blog. I’m Martin Farrer with the top overnight stories and then it will be Nick Visser with the main action.Penny Wong has been busy on her latest overseas trip, saying China has agreed to negotiate on jet fuel sales to help ease the global oil crisis. Continue reading...

The Politburo, a top decision-making body of the ruling Communist Party, was cited as saying by state news agency Xinhua that the economy got off to a better-than-expected start this year.

The regional bloc agreed to safeguard regional energy security through strengthened cooperation, timely policy responses and engagement with dialogue partners.

• Brazilian President announced on Monday a comprehensive enforcement initiative targeting illegal logging and land invasions in the Amazon, deploying 5,000 additional federal agents to protected areas. • The government committed to reducing deforestation rates by 80 percent over the next two years through satellite monitoring and criminal prosecutions of organized trafficking networks. • Environmental groups and the U.S. State Department praised the pledge as a meaningful step toward climate commitments, though skeptics noted enforcement challenges in remote regions.

Soaring cost of building materials, lack of affordability and planning bottlenecks are some of the obstacles thwarting housing targetAt South and City College in Birmingham, dozens of young people clad in hi-vis vests and hard hats are building mini-walls and plastering half-formed rooms.Some weave in and out of stacks of bricks with wheelbarrows, while others use spirit levels to check the walls are straight and flat. In a few days time, these walls will be demolished and the plastering scraped away, for a new class to come in and try their hands. Continue reading...

• The New York Giants selected edge rusher Arvell Reese with the 5th overall pick in the 2026 NFL Draft, addressing a key defensive need. • Reese represents the Giants' investment in strengthening their defensive line and pass rush capabilities. • The selection highlights New York's priorities heading into the new NFL season.

• Filipino coast guard vessels and Chinese maritime militia engaged in a tense standoff Friday near Scarborough Shoal, with both nations claiming territorial waters; no shots were fired, but vessels came within 500 meters of each other, Filipino officials reported. • The incident involved disputed fishing rights and resource access; the Philippines detained three Chinese fishing boats accused of illegal harvesting in Manila-claimed waters, while China demanded their immediate release. • The US State Department reiterated commitment to the 1951 Mutual Defense Treaty with the Philippines and called for peaceful resolution, warning that any military escalation in the strategic waterway threatens global trade and stability.

• The New York Mets defeated the Minnesota Twins with a clutch performance from newcomer Bichette, who delivered a critical double in the game. • Bichette's timely hit proved to be the decisive moment in the Mets' victory, marking an impressive debut impact for the recent acquisition. • The win showcases the Mets' offensive depth and ability to capitalize on key moments late in games.

• The Kansas City Chiefs addressed their defensive needs in the second round of the NFL Draft, selecting edge rusher R Mason Thomas with the No. 40 overall pick. • Thomas, who played college football at Oklahoma, brings defensive edge capabilities to bolster the Chiefs' pass rush. • The selection reflects the Chiefs' focus on building their defensive line strength heading into the 2026 season.

Prime minister tells Jewish leaders legislation against malign state actors will go before parliament in JulyKeir Starmer has promised to proscribe Iran’s Revolutionary Guards by introducing legislation in the next session of parliament in July.On a trip to Kenton united synagogue in north-west London on Thursday, the prime minister said he wanted “to make Britain a country where our Jewish community feels safe”. Continue reading...

Samuel Corner, 23, says he struck Sgt Kate Evans to protect co-defendant amid 2024 Elbit Systems raid near OxfordA Palestine Action activist who struck a police officer with a sledgehammer during a protest at an Israeli-linked arms factory acted to protect a co-defendant he believed was being seriously hurt, a court has heard.Samuel Corner, 23, is accused of causing grievous bodily harm with intent to Sgt Kate Evans during a raid on the Elbit Systems facility, in Filton, near Bristol, on 6 August 2024. Continue reading...

Government sources in multiple states say they are worried about the breadth of the changes and possible costsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe states are increasingly on edge about Labor’s efforts to cut NDIS spending in next month’s budget, with officials asking the health minister, Mark Butler, to explain planned savings before a major speech this week.It comes as the treasurer, Jim Chalmers, flagged on Monday morning that cuts to the NDIS will be “easily the most important part of the savings package that we will present on budget night”. Continue reading...

The president has opened fissures in his base by starting a war he couldn’t finish with Iran, stoking inflation and offending Christians. Barred from running again, he may feel he has nothing to loseLance Johnson voted for Donald Trump three times. Now he is feeling buyer’s remorse. “I haven’t been too happy with the third time around,” said the 47-year-old contractor, sitting at a bar in Crescent Springs, Kentucky. “We’re supposed to not start any new wars. Prices were supposed to come down. We were promised a lot of things and we’re not getting them.”Johnson is not the only Trump voter having doubts about a US president who, after defying political gravity for a decade, finally seems to be crashing back to earth. The past two weeks have arguably been the most bruising of Trump’s two terms in office, suggesting that his tried and trusted playbook could finally be falling apart. Continue reading...

Donors exceed funding target at Berlin conference but prospects for ceasefire remain distantMore than £1bn (€1.15bn) has been pledged for war-ravaged Sudan at a conference in Berlin, eclipsing the funding target organisers had set to help mitigate the world’s largest humanitarian crisis.The financial commitments made on Wednesday will also help offset a chronic humanitarian funding shortfall in a country devastated by three years of conflict, where two-thirds of its population – 34m people – require assistance. Continue reading...

Party says plan for ‘radical change’ will be funded in part through higher taxes on aviation, gambling and landlordsUK politics live – latest updatesThe Scottish Greens have called for free bus travel, thousands of extra teachers and doctors and a universal basic income among hundreds of uncosted manifesto pledges.The party is enjoying a bounce in Scottish opinion polls, with some putting it ahead of Labour, driven partly by the surging support for the Green party of England and Wales under the leadership of Zack Polanski. Continue reading...