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Spending committee finds MoD most wasteful and also points to cancelled schemes such as Rwanda and StonehengeCancelled government projects such as the Rwanda deportation scheme and the road tunnel under Stonehenge are wasting billions of pounds of taxpayer money a year, parliament’s spending watchdog has found.About £6.6bn was written off by government departments last year alone – state spending that did not achieve its intended objectives or create any value for the taxpayer, the public accounts committee said. Continue reading...

• GIFT Nifty indicates a positive start for the BSE Sensex and Nifty50 as they enter the final trading session of the week this Friday. • The market is currently navigating volatility driven by high crude oil prices and geopolitical uncertainty surrounding the US-Iran conflict. • Market analysts emphasize that the indices must sustain positions above key resistance levels to confirm a broader, stronger recovery trend.

• Former Tencent AI lead Liu argues that China is losing the Large Language Model (LLM) race due to a lack of "fanshi," or paradigm-shifting technical breakthroughs. • Liu claims Chinese AI companies are primarily copying the core technical levels of U.S. firms or DeepSeek rather than innovating original architectures. • This reliance on following established paradigms creates a systemic risk where Chinese developers may find their technological foundations suddenly obsolete.

• Poland and Portugal experienced the strongest real household income growth in Europe over the last two years, with Spain leading among major economies. • Specific growth rates included the Netherlands at 2.3%, Portugal at 2%, Denmark at 1.9%, Greece at 1.8%, and Spain at 1.5%. • The OECD attributed Poland's acceleration to employee remuneration offsetting lower social benefits, while Greece's growth was driven by property income and the lowest unemployment rate since 2009.

• The Indian stock market closed in the red on Thursday, with the Sensex ending 135 points lower and the Nifty 50 slipping below 23,700. • Markets erased morning gains due to expiry day volatility, rising bond yields, and selling by Foreign Institutional Investors (FIIs), impacting stocks like Bajaj Finance (-2%) and IndiGo (+3%). • In a major corporate move, Adani Ports and Special Economic Zone announced the acquisition of a 100% stake in Jaypee Fertilizers & Industries for Rs 1,500 crore.

• Zee Entertainment Enterprises (ZEE) reported a net loss of ₹104 crore for the fourth quarter, as announced on May 19. • The company attributed the financial downturn to a decrease in advertising spend from clients, which was negatively impacted by the ongoing war in West Asia. • This loss highlights the vulnerability of media companies to geopolitical instability and the resulting volatility in global advertising markets.

Eli Lilly says participants in a sizable trial of retatrutide lost much more weight compared to other weight-loss drugsA new weight-loss drug has helped participants in a sizable trial lose much more weight than other obesity drugs already on the market – up to an average of 28% of their body weight – Eli Lilly announced Thursday.The Indiana-based pharmaceutical company in a press statement said that retatrutide, a once-weekly triple hormone receptor agonist, led to an average weight loss of 70.3lbs (28.3%) over 80 weeks among participants receiving the 12mg dose, with 45.3% achieving at least 30% weight loss. Continue reading...

• Football Australia is set to report an unprecedented A$15.3 million loss at its annual general meeting next week, according to ESPN. • The governing body is also cutting more than 20% of its workforce and restructuring after years of financial strain linked to the A-Leagues. • ESPN reported that about half of the 2024 loss came from forgiving APL debts, after the league owners paid just under A$1 million in a settlement over historic debts.

Will Lawrence, an outspoken opponent of AI data centers, is running in swing district where three mega complexes loomA prominent environmental organizer calling for a nationwide moratorium on data centers as he runs for the Democratic nomination in a swing Michigan congressional district has secured an endorsement from Bernie Sanders.Will Lawrence, co-founder of the youth-led Sunrise Movement climate justice group, was a key figure behind the campaign for a Green New Deal to battle economic and racial injustice while also fighting climate change. Continue reading...

UK government calls incident ‘unacceptable’ after Su-27 jet comes within six metres of unarmed spy plane over Black SeaA Russian jet flew within six metres of an RAF spy plane flying at 500mph over the Black Sea, one of two mid-air incidents last month described as “dangerous and unacceptable” by the defence secretary John Healey.An Su-27 jet conducted six passes in front of an unarmed RAF Rivet Joint flying close to its nose, potentially risking a collision that could have triggered a diplomatic crisis between the two countries. Continue reading...

Tight primary victory in Philadelphia district bolsters Democrats’ left flank, seen as test of progressive momentumUS politics live – latest updatesChris Rabb, an unflinching progressive state representative, declared his campaign for Pennsylvania’s third congressional district was “indomitable” after winning the Democratic primary in a race that became a proxy battle over the direction of the Democratic party.In a significant victory for the party’s left wing, Rabb took roughly 45% of the vote in Tuesday’s contest, comfortably ahead of early frontrunner state senator, Sharif Street, who fell to under 30%, and surgeon Ala Stanford. Continue reading...

In first speech since quitting cabinet, Streeting says party must deliver change or it will hand keys of No 10 to ReformUK politics live – latest updatesLabour must be bolder and deliver real change, Wes Streeting has said in his first Commons speech since resigning as health secretary, saying that he quit the government because it was “currently losing” the fight against populist nationalism.Streeting reiterated his view that leaving the EU had been a damaging mistake for the UK, and argued that young people had been let down by a system stacked against them. Continue reading...

Flash flood warnings and school closures in Texas as the US north-east breaks heat records before a dramatic cooldownHundreds of flight cancellations have been reported in Texas as storms roll over the state, leading to flash flood warnings and school closures, while punishingly high temperatures in the north-east break records before a dramatic cool-down.Nearly 150 flights were canceled or delayed at Dallas Fort Worth international airport on Wednesday and nearly 700 delayed on Tuesday, according to Flightaware. The FAA issued a ground stop in Dallas and Love Field. Continue reading...

Outgoing Republican says backing Trump’s conviction ‘may have cost me my seat, but who cares?’Returning to the US Capitol after a stinging primary re-election loss, Bill Cassidy, a Republican senator of Louisiana, said Monday evening that he has no regrets about his “momentous” vote to convict Donald Trump on 2021 impeachment charges during his first presidency.“I voted to uphold the constitution. It may have cost me my seat, but who cares?” Cassidy told reporters in the Capitol. “I had the privilege of voting to uphold the constitution – isn’t that a great thing?” Continue reading...

Former House speaker, who had not yet weighed in, declared Connie Chan ‘best prepared’ to represent cityNancy Pelosi on Monday endorsed Connie Chan, a San Francisco supervisor, in the race to succeed her as the city’s representative in Congress, calling her the candidate who “stands above the rest”.Pelosi, the first woman to serve as speaker of the House, will retire at the end of her term and had not yet weighed in on the contested primary for the San Francisco district she has held for nearly 40 years. But as early mail-in ballots trickle in ahead of the 2 June primary, Pelosi declared Chan the “leader best prepared to carry forward the fight for San Francisco in the Congress”. Continue reading...

Tracker of attitudes towards artificial intelligence also finds almost half of the public would prefer to avoid itOne in three university students think AI will wipe out jobs so rapidly it will trigger civil unrest, according to a survey by King’s College London (KCL).Students are among the heaviest users of AI, the poll found, with 77% using it at least a few times a month – compared with 46% of workers – and 27% using it daily or almost daily. Continue reading...

Proposed IRS data sharing with immigration authorities and ICE raids have made filing risky for those who are undocumentedThe Trump administration’s immigration crackdown could cause the US to potentially lose up to $479bn in lost tax revenue over the the next 10 years, with enforcement deterring undocumented workers from filing their taxes this year, according to tax experts.Tax advisers say major changes, including proposed data sharing with immigration enforcement, have made filing taxes risky for undocumented immigrants. Tax benefits for immigrant parents have also been removed, further removing incentive to file taxes at all. Continue reading...

People’s party wins regional election but loses absolute majority, opening door to possibly months of negotiationsSpain’s conservative People’s party (PP) won Sunday’s Andalucían regional election, but lost its absolute majority, leaving it dependent on the support or abstention of the far-right Vox party to form a new government.After the poll in Spain’s most populous region – which will serve as a barometer of wider electoral opinion ahead of next year’s general election – the socialists slumped to an all-time low and Vox picked up one additional seat. Continue reading...

French police fire teargas and UK shops close for safety reasons as hundreds queue for Royal Pop timepieceThe launch of limited-edition Swatch watches descended into chaos in several European cities and New York, with French police firing teargas to restore order at a store near Paris.Hundreds of people waited through the night from Friday into Saturday – and in some cases for several days – hoping to buy the Royal Pop timepieces, made in collaboration with the luxury watchmaker Audemars Piguet. Continue reading...

Film-maker and longtime Corbyn ally says ‘poor behaviour’ squandered chance to unite the left in fight against far rightKen Loach has accused Your Party of squandering an opportunity to unite the left in the fight against the far right after the upstart socialist movement founded by the former Labour figures Jeremy Corbyn and Zarah Sultana became mired in infighting.“There was great hope when Jeremy Corbyn and Zarah Sultana joined forces; 800,000 people expressed interest – that’s three times the size of a political party,” he said. “But I’m afraid some of the behaviours were very poor and they lost a historic opportunity.” Continue reading...

Jury set to deliberate and return a verdict on whether they believe AI firm and Altman are liable in caseClosing arguments began on Thursday in Elon Musk’s lawsuit against Sam Altman and OpenAI, bringing the weeks-long courtroom battle between the two tech moguls nearer to a decision. A nine person jury is set to deliberate and return a verdict on whether they believe the AI firm and Altman are liable in the case.The trial, which began last month in an Oakland, California federal courthouse, has gripped Silicon Valley and featured some of the tech industry’s biggest names as witnesses. Attorneys for both sides have presented testimony and documents that have exposed Musk and Altman’s private dealings, as well as provided a window into the contentious history of OpenAI. Continue reading...

A judge set a $500,000 bond in the 1997 murder case headed for retrial after a supreme court decisionSign up for the Breaking News US newsletter emailAn Oklahoma judge on Thursday allowed Richard Glossip, a former death row prisoner, to be released on bond after almost 30 years behind bars, as he now awaits a retrial over a 1997 killing that put him on the brink of execution three separate times.The decision clears the way for Glossip, 63, to leave prison for the first time since his arrest nearly three decades ago. Last year, the US supreme court threw out his conviction. His longstanding claims of innocence have drawn support from Kim Kardashian and other prominent figures. Continue reading...

Shawn Montgomery, whose parked vehicle was hit by a speeding driver, says top US freight broker should be liableThe supreme court on Thursday allowed a man to sue a major logistics company after he lost part of his leg in a semi tractor-trailer crash, a decision that could have ripple effects across the trucking industry.The US’s highest court ruled unanimously in favor of Shawn Montgomery, whose parked vehicle was hit by a speeding truck driver on an Illinois highway in 2017. Continue reading...

Veteran broadcaster accuses channel of ‘clear violations’ of Ofcom’s due impartiality rulesUK politics live – latest updatesThe former Sky News political editor Adam Boulton has said GB News should lose its broadcasting licence, as he accused Britain’s media regulator of failing in its duty to protect impartial television news.Boulton, who was Sky News’s political editor for 25 years after the channel launched in 1989, said he believed it was too late to revoke GB News’s broadcasting rights, despite bringing a partisan brand of coverage to British television since its debut in 2021. Continue reading...

Lindsay and Craig Foreman were given 10-year sentences after entering the country on a motorcycling tripThe “terrified” family of a British couple jailed for 10 years in Iran on spying charges have said they have lost all contact with them.Lindsay and Craig Foreman, both 53, were arrested in January 2025 while travelling through Iran during an around-the-world trip by motorcycle. Continue reading...

• The Los Angeles Dodgers lost 6-2 to the San Francisco Giants at Dodger Stadium on Tuesday, marking their fourth consecutive defeat amid a troubling slump. • This latest loss highlights ongoing struggles for the Dodgers, who have now dropped four straight games against divisional rivals. • The skid raises concerns for Los Angeles in the competitive NL West, potentially impacting their playoff positioning as the season progresses.

State officials told vendors at the facility to prepare for a breakdown of the tented camp beginning next monthSign up for the Breaking News US newsletter emailAn alliance of environmental groups and immigration advocates has welcomed what looks to be the imminent closure of Alligator Alcatraz, the notorious immigration jail in the remote Florida Everglades celebrated by Donald Trump for its harsh conditions.State officials told vendors at the facility on Tuesday to prepare for a breakdown of the tented camp beginning next month, the New York Times reported, citing its ongoing cost. Continue reading...

• Agentic security operations startup Exaforce announced a $125 million Series B funding round at a reported $725 million valuation, marking one of the largest rounds in the emerging AI security operations center market. • The round was backed by HarbourVest Partners, Peak XV Partners, Mayfield Fund, Khosla Ventures, Seligman Ventures, and AICONIC; Exaforce has now raised $200 million total following a $75 million Series A just over a year ago. • The funding will scale Exaforce's AI-driven security operations platform and expand its real-time threat reasoning capabilities, reflecting growing enterprise demand for autonomous security solutions.