George Holmes was suspended in 2025 over allegations involving financial mismanagement and other misconductThe University of Greater Manchester’s embattled vice-chancellor has had his contract terminated by the university’s governing body, ending a period of uncertainty over the university’s leadership.Sir George Holmes, who had led the university for two decades, was initially suspended last year over allegations involving financial mismanagement and other misconduct. Continue reading...
• The Indian stock market ended higher on August 5, with the Sensex rising 152 points and the Nifty 50 closing above 24,620.
• Gains were driven by the Reserve Bank of India's (RBI) decision to keep the repo rate unchanged, alongside an improved FY27 growth outlook and lowered inflation projections.
• Strong performance in the auto, realty, and metal sectors helped offset market concerns regarding geopolitical tensions and rising crude oil prices.
• The Sensex and Nifty indices declined from their daily highs, with the Nifty ending the session below the 24,650 mark.
• The market downturn was triggered by Donald Trump's warning of a "very strong strike" if the Strait of Hormuz is not reopened promptly.
• This geopolitical tension created volatility, erasing early gains as investors reacted to potential instability in a critical global shipping lane.
• The S&P 500 (SPX) extended its current rally to reach a new record high of 7,758.
• Market analyst Scott Redler noted that equities are maintaining a constructive stance, signaling continued strength in the upward trend.
• This milestone reflects strong investor confidence and positive momentum within the broader equity markets.
• Thailand is nearing removal from the U.S. Treasury's currency monitoring list, a move expected to reduce trade tensions and increase economic flexibility.
• In sports, the national volleyball team secured the SEA V Cup title by defeating host nation Vietnam in straight sets.
• The Thai football team has seized control of Group B in the ASEAN Championship following a victory over Malaysia.
• The Indian stock market ended the session in the green, with the Sensex closing 150 points higher while the Nifty50 remained flat.
• Investors balanced market mechanics against expectations for the Reserve Bank of India's upcoming policy decisions, while monitoring crude oil prices and the rupee.
• Analysts noted that recent fluctuations are likely due to adjustments in the revised settlement framework rather than a decline in economic fundamentals.
Lahore police official says all personnel were responsible for preventing and reporting wrongdoing at stationThe alleged rape of a 20-year-old woman with intellectual disabilities in a police station in Lahore, Pakistan has prompted authorities to suspend all 78 police officers and staff at the precinct, in one of the country’s biggest-ever disciplinary actions against its police force.The woman alleges that an assistant sub-inspector apprehended her, took her to Ghaziabad police station, and raped her in a room on the second floor. The woman’s family said she disappeared on the street, before returning home in tears and stating that she had been sexually assaulted at the station. Continue reading...
• In August 2026, the startup landscape is being shaped by a surge in AI integration, embedded finance, and revenue-first growth strategies.
• AI startups are gaining significant traction by automating repetitive tasks and enabling smaller teams to develop complex software products.
• High interest is specifically concentrated in sectors including cybersecurity, healthcare, business software, developer tools, and data services.
Tory leader praises Joshua Bonehill-Paine’s ‘contrition’ but says she has higher thresholds for MP candidatesKemi Badenoch has defended her party’s decision to allow a former neo-Nazi who was jailed for subjecting a prominent Labour politician to antisemitic abuse to stand as a councillor.Badenoch said her party was not giving Joshua Bonehill-Paine, who is standing for election in Somerset, a “national platform”. Continue reading...
Jake Richard acknowledges ‘unimaginable pain’ of Harper’s family but says government faces an ‘unenviable position’Good morning and welcome to the UK politics blog.Ministers continue to defend the release of PC Andrew Harper’s killers as part of the government’s early prisoner release scheme, despite a potential legal challenge from the Police Federation.Well, look, we understand that people are angry. The Harper family are, of course, angry. The police are angry too.We’re angry that we’re in this situation where we face the unenviable position of having to make sure that we have a sustainable prison system, which is so vital to a functioning law and order system in our country, but also that we do right by victims as far as possible.Because without a functioning prison system, it means it’s difficult for police to make arrests, it’s difficult for our courts to try cases, and it could mean to the collapse of law and order in this country.We cannot be in that situation, so that is the challenge that we face as government ministers and the prime minister faces ultimately.I feel sick to my stomach, if I’m really honest with you. I’ve had a gut wrenching feeling in my stomach the past couple of weeks with this, and it doesn’t go away.And arguably, I would say that many of my members across Thames Valley also have this gut wrenching feeling, even at the prospect of these two killers being released in the space of weeks, potentially.Ministers will scrap the requirement for companies to prove their green and progressive values before they are awarded government contracts, and instead ask firms to prove they will help young people back into work.Women should not feel pressurised into experiencing an “ideal birth”, the new health secretary, Yvette Cooper, has said, promising a root-and-branch reform of standards after several damning maternity scandals.An official investigation has been launched into charities in England and Wales donating funds to illegal Israeli settlements in Palestine.Andy Burnham has inherited a Labour membership that is sceptical about increased welfare spending, supportive of higher defence spending, and ranks the climate crisis as one of the country’s biggest challenges, according to new polling.BP’s chief executive has urged Andy Burnham to make use of the UK’s oil and gas resources even as the oil company prepares to sell its North Sea business after 60 years in the ageing basin.The Conservative party leader, Kemi Badenoch, has defended the selection of a former neo-Nazi activist as a candidate for a local election in Somerset despite him being jailed in 2016 after he was convicted of racially aggravated harassment of the former Labour MP Luciana Berger.Pupils in Scotland’s schools received their exam results this morning, with exam pass rates at all levels having risen this year, including a record number of National 5 passes. Continue reading...