Fear

• EU economy chief Valdis Dombrovskis announced that the European Union will not ease sanctions against Russia, despite mounting pressure to mitigate an energy crisis linked to the Iran war. • This decision follows a downgrade in the EU's economic growth forecast and official warnings regarding rising inflation across the bloc. • The EU's firm stance contrasts with the approaches of the US and UK, highlighting a divergence in how major Western powers are managing economic pressures.

Authorities in Orange county say tank holding methyl methacrylate ‘actively in crisis’ and urge residents to leaveAuthorities in Orange county, California have ordered the evacuation of 40,000 people Friday over concerns about a chemical leak that threatened to spill or explode.The problem arose on Thursday at a facility owned by GKN Aerospace in the town of Garden Grove, where a storage tank holding methyl methacrylate began off-gassing and threatened to fail. The chemical, which is highly flammable, is used to fabricate resins and plastics. Continue reading...

Cubans express outrage at US charges against Raúl Castro but view military strikes as serious possibilityA new question in being asked in Havana as people digest the news that the US has brought criminal charges against Cuba’s 94-year-old former president, Raúl Castro: who’s your neighbour?If you happen to live near a senior figure in Cuba’s government or armed forces, others suck their teeth in an expression of concerned sympathy. For the first time, US military strikes on the island are being considered a serious possibility. Continue reading...

Exclusive: Any attempt to use the budget measures as an excuse to raise rent is opportunistic profiteering, housing advocates sayGet our breaking news email, free app or daily news podcastAustralia’s peak community and housing groups have urged federal parliament to quickly pass Labor’s changes to negative gearing and capital gains tax, saying the reforms would improve fairness for renters and young homebuyers.The government may introduce its negative gearing and CGT changes into parliament as soon as the coming sitting fortnight, with hopes of passing the legislation soon after with the support of the Greens. Continue reading...

• Asian stocks were mostly lower on Wednesday as higher bond yields and renewed concern over the war with Iran weighed on risk assets across the region. • Japan’s Nikkei 225 fell 1.2% to 59,804.41, while Hong Kong’s Hang Seng lost 0.7%, Australia’s S&P/ASX 200 dropped 1.3%, and South Korea’s Kospi declined 0.9%. • The U.S. 10-year Treasury yield climbed to 4.66% from 4.61% late Monday, and U.S. crude prices and Brent also slipped as investors assessed inflation and energy risks.

Rising volume of components imported from China prompts warning of cannibalisation of European industriesEurope is facing a fresh China shock that threatens to cannibalise local factories, leading to job losses and de facto colonisation of industry by Beijing, trade analysts and representatives have said.They fear the plunging exchange rate and support for Chinese “zombie firms” has echoes of the crisis in the US 25 years ago when the term “China shock” was coined. It referred to the impact of China bursting on to the global trade stage after becoming a member of the World Trade Organization, with soaring imports displacing local industries and causing the loss of up to 2.5m jobs. Continue reading...

Trump warning over peace talks drives up crude price as UK gilts hit by uncertainty over Starmer leadershipBusiness live – latest updatesOil prices rose and global bonds wobbled on Monday, as fresh tensions in the Middle East fed inflation fears and bets that central banks will have to increase interest rates.Brent crude, the international benchmark for oil, rose on Monday, after an attack on a nuclear power plant in the United Arab Emirates. Continue reading...

Cigarettes kill 66 Australians every day, coalition says, criticising MPs who heard evidence from Philip Morris in secretGet our breaking news email, free app or daily news podcastBig tobacco is exploiting fears of the illicit market to unwind longstanding health policies, leading health campaigners have warned, amid a parliamentary inquiry which took secret evidence from the cigarette manufacturer Philip Morris.A coalition of 15 health organisations including the Cancer Council and the Heart Foundation, as well as health experts and researchers, have accused the industry of trying to reshape public debate to push for major cuts to government excise. Continue reading...

Exclusive: Contract changes mean Post Office outlets inside TG Jones stores would be easier to close, with up to 60 possibly affectedThe owner of WH Smith’s former high street business is aiming to change contracts with the Post Office to make it easier to close outlets within its stores, increasing fears that communities will become “postal deserts”.TG Jones operates 180 post offices and it is understood that as many as 60 could be closed under a restructuring plan by Modella, the private equity group that renamed the WH Smith high street chain as TG Jones after buying it last year. Continue reading...

Experts say latest move by acting attorney general suggests more cases against foes amid claims of vindictive DoJThe second indictment of ex-FBI director James Comey, a top target of Donald Trump in his drive for revenge against critics, suggests more charges could be coming against other Trump foes as the US president continues to use the department of justice to settle political scores, ex-prosecutors and law professors said.Legal critics also see the new indictment by acting attorney general, Todd Blanche, as “embarrassing” and “ridiculous” and revealing Blanche’s desire to quickly appease Trump and persuade him to make his appointment as America’s top justice official permanent. Continue reading...

Workers told to be realistic about outcome of union talks as corporation aims to make savings with job cutsBBC staff have been told their bosses will forgo a pay rise this year but fear the freeze will lead to a meagre increase for the rank and file, who have been urged to be realistic about the outcome of union negotiations.Employees have been told that the corporation’s executive committee – its 12 highest-paid bosses including the director general, who were paid almost £5m in total last year – will have their pay frozen this year amid a £600m cost-cutting drive. Continue reading...

• Centers for Disease Control and Prevention employees are reluctant to return to work following a deadly shooting at the agency's Atlanta headquarters on Friday. • The shooting incident has created a climate of fear and uncertainty among CDC staff about workplace safety and security protocols. • CDC leadership is facing pressure to address employee concerns and implement enhanced security measures to restore confidence in the workplace.

Month was one of driest on record with rainfall 23% less than average, according to Met Office figuresOne of the driest Aprils on record for central and southern England has left river levels below normal, raising fears of drought in some areas over the summer.The latest UK hydrological survey – which tracks river and groundwater levels – suggests central and southern England and eastern Scotland will experience notably low river flows over the next three months, raising concerns about water shortages if dry weather persists. Continue reading...

• New Politico Poll results detail what Americans mean by worries over a 'stolen election,' split sharply by party. • Democrats express fears of voter suppression tactics, while Republicans highlight concerns about voter fraud schemes. • Findings matter for understanding midterm turnout motivations and trust in electoral processes.

Move by largest donor to environment programme poses further uncertainty for already troubled negotiations The largest donor to the United Nations Environment Programme (Unep) has paused funding to the body before its revised budget on 12 May, triggering concern among member states and NGOs.The news could carry significance for the already troubled plastic treaty negotiations being overseen by Unep. Since 2022 countries have been struggling to agree on how to deal with the volume of plastics being produced and used, a subject widely acknowledged to be one of the most serious environmental issues of the age, but despite six rounds of talks there has been no agreement in sight. Continue reading...

Debates over secession overshadowed by revelations separatist-linked group gained access to list of electorsThe illegal use of voter information by rightwing separatists in the province of Alberta has raised fresh fears over Canada’s electoral integrity by making valuable and “incredibly confidential” personal data easily accessible to malicious actors, security experts have warned.The data breach, one of the largest in Canadian history, has prompted warnings of a “truly terrifying” new battleground over information, persuasion and foreign interference in already weakened democratic systems. Continue reading...

Catalano’s lawyer says press attention ‘potentially detrimental’ to Australian Community Media co-owner’s mental healthA media mogul charged with assaulting his wife has avoided facing court in person over concerns growing media attention could be detrimental to his mental health.Antony Catalano, 59, was charged with assault, false imprisonment and making threats to kill over an incident in the early hours of March 13. Continue reading...

• JPMorgan analysis shows markets repricing oil-driven inflation risks, with global equities adjusting to potential rate hike scenarios amid recent oil price surges. • Central banks are providing clearer signals on monetary policy, suggesting rate hikes may not materialize as aggressively as feared despite elevated energy costs. • The divergence highlights inflation fears running ahead of underlying economic reality, potentially creating buying opportunities if data moderates.

Water minister Rose Jackson calls drying in Gwydir region ‘devastating’ as bill passes upper house Sign up for climate and environment editor Adam Morton’s free Clear Air newsletter hereWater flows to parched New South Wales wetlands where an urgent rescue mission to save dying wildlife unfolded are a step closer to resuming after legislation passed the state parliament’s upper house.The water minister, Rose Jackson, told the parliament on Thursday night the impact of a halt to water flows in the internationally significant Gwydir region had been “devastating” as she introduced legislative amendments she said would allow flows to resume.Sign up to get climate and environment editor Adam Morton’s Clear Air column as a free newsletter Continue reading...

Weeks before her death, Annabel Rook, 46, from Stoke Newington, left her sister a voice message about Clifton George’s abusive behaviourThe co-founder of a social enterprise who was fatally stabbed by her partner said he was “on the warpath” shortly before she died, in a voice message that was played during a murder trial.Clifton George, 45, is accused of murdering 46-year-old Annabel Rook during an argument at their home in north London last June. Continue reading...

From economic woes to concerns that war could break out again at any moment, underlying worries run deepIn the weeks since the fragile ceasefire with the US and Israel took hold, life in Tehran has – on the surface at least – largely returned to something like pre-war normality. Many security checkpoints have been taken down, coffee shops are bustling, parks are full of people gathering for picnics, musicians are playing again in the streets, highways are jammed with traffic and the metro - free to use since the war - runs packed.But underlying worries run deep, and many Iranians fear the war could return at any moment. The uncertainty was underlined on Monday when the US and Iran launched fresh attacks in the Gulf as the two sides continue to blockade of the strait of Hormuz. The war’s economic toll has been severe too. Many people have lost their jobs and inflation is surging. The International Monetary Fund estimates it could reach 70% this year. Continue reading...

Rural dwellers reveal failings in backup plans, as campaigners call for deadline to be extended from 2027 to 2030“Every time there is a power failure I lose all means of communication with the outside world,” says Robert Dewar of life in a remote village in the Scottish Highlands since the landlines were transferred from the old copper cable network to broadband connections.Blackouts also knock out the village’s mobile phone signal. “Our most recent power cut lasted for 42 hours,” Dewar says. The interruption outlasted his five-hour emergency backup battery. “If I had had a heart attack there is damn all I could have done about it, except compose myself, say my prayers, and await the outcome.” Continue reading...

In today’s newsletter: The events in Golders Green this week are the latest in a line of attacks on the Jewish community that have led many to question their future in the UKGood morning. It is a terrible fact of life for British Jews that few were surprised by Wednesday’s knife attack in Golders Green, north London, in which two men were stabbed in an area home to a large Jewish community. A 45-year-old man has been charged with attempted murder.The incident is the latest in a string of antisemitic attacks, on people and property, that have struck fear into many British Jews in recent years. John Mann, the government’s independent adviser on antisemitism, said many in the community are at “breaking point” and feel the UK is no longer a safe place for them to live.Iran | Iran’s supreme leader has broken his recent silence with a defiant statement hailing Iran’s control over shipping in the strait of Hormuz and vowing to guard the country’s nuclear and missile programmes.Environment | Governments have been asked to develop national “roadmaps” setting out how they will end the production and use of fossil fuels, after a landmark climate meeting involving nearly 60 countries.UK news | Winston Marshall, a former member of the band Mumford & Sons and the son of the GB News co-owner Paul Marshall, has said Britain should construct a mine-laden “floating wall” to stop small boat crossings on the Channel.Counter-terrorism | More and more young people are being drawn into the world of violent extremism, a senior police officer has warned, as a young neo-Nazi was convicted of planning a mass gun attack after being caught in an undercover MI5 sting.UK economy | The Bank of England has left interest rates unchanged at 3.75% but said the UK may need to brace for increases later this year, as “higher inflation is unavoidable” as a result of the war in the Middle East. Continue reading...

Judith Alexander describes how Kentish Town house owned by the prime minister was targetedThe prime minister’s sister-in-law has said she feared what might have happened had she not woken up after her home was targeted in an arson attack, a court has heard.The incident is one of a series of arson attacks that took place in May last year on property linked to Keir Starmer, which three men with links to Ukraine are accused of targeting. They deny all the charges. Continue reading...

Residents call for stronger action after two men attacked on north London street in suspected antisemitic incident “People feel scared, people feel unsafe,” says Baruch Stern from Gross Butchers, behind the cordon raised after two men were stabbed in north London in an apparent antisemitic attack.“People think, is it really the place for me to be here? Is the UK safe for Jewish people, or is it something we need to think about, moving away?” Continue reading...

Government request follows contingency to stop planes being grounded if Iran war supply shocks continueBusiness live – latest updatesBritish refineries have been asked to maximise jet fuel supply as part of government contingency planning, amid growing fears the Iran war will force planes to be grounded.Energy minister Michael Shanks said the government is closely monitoring UK jet fuel stocks and working with airlines, airports, fuel suppliers and other governments, as carriers face rocketing fuel costs as a result of the conflict. Continue reading...

Blockade threat in vital strait and Trump’s stance lift crude, pushing pump prices to highest level since 2022Sign up for the Breaking News US email to get newsletter alerts in your inboxAverage US gas prices have hit a new high at $4.23 per gallon, their highest since 2022 and a record since the start of the war with Iran, according to the motor club AAA.The price of Brent crude, the benchmark that influences the price of US gasoline prices, now stands at $114.60 a barrel, up nearly 25% from the recent low since mid-April. US gas prices a year ago averaged $3.16. Continue reading...

Annual event at Red Square will feature no armoured vehicles or missile systems for first time in two decades Europe live – latest updatesRussia will hold a scaled-back Victory Day parade in Moscow on 9 May, without military hardware for the first time in almost two decades due to fears of a long-range attack by Ukrainian drones.The defence ministry said no armoured vehicles or missile systems would roll across Red Square during the parade, which marks the Soviet victory over Nazi Germany, citing “the current operational situation”. Continue reading...