Pledge

In 2020 Australia’s biggest super fund dumped its Whitehaven shares. Fast forward to 2026 and it is now the coalminer’s single biggest investorGet our breaking news email, free app or daily news podcastAlmost six years ago, the country’s biggest superannuation fund announced a major policy update: AustralianSuper’s investment portfolio would be subject to a net zero carbon emissions target in line with the Paris agreement.To make the point, the fund dumped its holdings in the large thermal and metallurgical coalminer Whitehaven Coal. Continue reading...

Port expansion and protections for whales part of BC and Alberta plan to expand country’s presence overseasThe governments of Canada and the province of Alberta will move forward on a major new oil pipeline after the pair announced a plan to ease concerns of British Columbia and First Nations on the Pacific coast.Canada’s prime minister, Mark Carney, shuttled between British Columbia and Alberta on Thursday to announce more than C$150bn in new investments in both provinces, part of a broader project of reducing trade with the United States and expanding his country’s presence in overseas markets. Continue reading...

• Andy Burnham has announced his intention to succeed Keir Starmer as prime minister, marking his first major public address since confirming his bid for the UK premiership. • In his upcoming speech, Burnham will pledge the most significant devolution of power in modern English history to shift authority from central government to local regions. • This move signals a strategic shift in Labour leadership, focusing on regional empowerment to challenge the current centralized governance model.

• Sky has pledged to spend £2 billion as it prepares to acquire ITV's broadcasting arm, with a formal announcement expected in July. • The investment is designed to place the business on a solid financial footing and ensure the stability of the acquired assets. • This move is critical for safeguarding the future of high-profile programming, including Love Island, I’m a Celebrity, and soaps like Coronation Street and Emmerdale.

Makerfield MP on course to be PM will argue for more decision-making in regions and communities as he sets out platform for governmentAndy Burnham will pledge to deliver “good growth in every postcode” by overseeing a significant transfer of power out of Whitehall to local communities as he sets out his case to become the UK’s next prime minister.In his first major speech since winning the Makerfield byelection, Burnham will argue for decision-making to be devolved to regions and communities to drive economic growth locally, replacing the current top-down national model. Continue reading...

Deal could be announced in July and vow will safeguard future of shows such as Coronation Street and Love IslandSky has committed to spending £2bn on ITV’s studios business over the next five years as it hammers out a takeover of its broadcasting arm, a move that will safeguard the future of popular programmes such as Coronation Street and Love Island.Sky, owned by the US telecoms company Comcast, has been in talks for months to buy ITV’s media and entertainment operations, which include its free-to-air TV channels in the UK and the ITVX streaming platform. The £1.6bn takeover deal could be announced in early July, the Sunday Times reported. Continue reading...

Russia intercepted 300 Ukrainian drones across the country and temporarily suspended operations from Moscow airportNearly 60 Ukrainian drones were intercepted heading for Moscow last night, forcing the capital’s airports to briefly suspend its operations during the attack.In total, Russia reportedly downed just over 300 drones across the country.“The Russians are attacking us every day – and we will strike back every day. Our response will grow stronger with each passing day.” Continue reading...

World leaders backed Ukraine’s defence of ‘its freedom, sovereignty, and territorial integrity’Despite some early concerns about Donald Trump’s position, the G7 leaders meeting in France have agreed on a statement declaring their “unwavering support for Ukraine in defending its freedom, sovereignty, and territorial integrity.”The statement, published overnight, says:“We commend Ukraine for its resilience and progress on the battlefield in recent months and emphasise there is now a new momentum.To support and accelerate this new momentum, we agree to increase the delivery of air defence capacities, additional systems and interceptors, and long-range capabilities.“We commit to increase the pressure on the Russian war economy. In this context, we will strengthen our sanctions, including those on the oil and gas sectors. We consider this the right moment to proceed with additional measures, as president Trump has delivered a deal that we support in reopening the strait of Hormuz.” Continue reading...

• The UK government and private sector announced multi-billion pound investments at London Tech Week. • Lumai unveiled an optical computing system capable of running billion-parameter Large Language Models (LLMs) in real time, a significant advancement in AI technology. • This development indicates that AI is becoming increasingly tangible and powerful, with potential applications across various industries.

JPMorgan Chase leads 65 banks making decisions incompatible with restraining rising temperatures, researchers sayThe world’s largest banks committed $906bn in financing to the fossil fuel industry last year, an “unfathomable” increase in investment locking in years more of coal, oil and gas production as the world continues to overheat, a new report has found.The surge in new fossil fuel lending, up $64bn or nearly 8% on 2024, shows that the world’s largest 65 banks are making decisions incompatible with international agreements to restrain rising global temperatures, according to the coalition of environmental groups behind the new analysis. Continue reading...

Greater Manchester mayor’s proposals amount to a notable criticism of Keir Starmer’s policy in the areaUK politics live – latest updatesAndy Burnham has proposed a 20% cut to business rates for pubs with many smaller, family-run enterprises taken out of paying the levy altogether, in his first major policy initiative during the Makerfield byelection.Burnham’s plans amount to a notable criticism of Keir Starmer’s policy in the area, with the Greater Manchester mayor saying: “Labour have got it wrong on small businesses.” Continue reading...

• SoftBank has pledged an investment of up to €75 billion ($87.5 billion) to develop AI data center capacity in France. • The project aims to establish 5 gigawatts of capacity by 2031, marking the largest AI infrastructure commitment in European history. • This massive investment underscores the growing demand for specialized computing power to support the rapid expansion of artificial intelligence.

• SoftBank Group has pledged an initial 3.1GW of data center capacity in France's northern Hauts-de-France region, with sites planned for Dunkirk, Bosquel, and Bouchain. • CEO Masayoshi Son stated that France's industrial capabilities and talent base make it an ideal hub for European AI infrastructure, with goals to eventually reach 5GW of total capacity. • The announcement was timed to coincide with the annual Choose France summit, following similar infrastructure investment trends seen with the UAE fund MGX.

• SoftBank has pledged €75 billion to construct Europe's largest artificial intelligence facility in France. • The investment is led by CEO Masayoshi Son, who aims to position France as the central hub for his global AI expansion strategy. • This massive project underscores the growing competition to secure AI infrastructure and highlights France's emergence as a key European tech destination.

With early tests suggesting the presence of crude oil, the Caribbean island has begun to debate whether it could justify becoming a producerJamaica is closer than ever to drilling for oil. Tests on samples from the seabed off the Caribbean island’s south coast earlier this year identified hydrocarbons, which suggest the presence of crude oil below ground.Jamaica imports all its fuel, which costs about $1.5-2bn (£1.1bn-1.5bn) annually, depending on global oil prices. It is a persistent drag on an economy that generated $4.3bn from tourism, its biggest earner, in 2024. Continue reading...

• India has pledged to purchase $500 billion worth of U.S. goods over the next five years, according to U.S. Secretary of State Marco Rubio. • The agreement focuses on critical sectors including energy, technology, and agriculture to strengthen bilateral trade. • This strategic move aims to reduce the U.S. trade deficit while providing India with the essential infrastructure and tech needed to fuel economic growth.

Billionaire philanthropist’s Open Society Foundations has worked to advance justice and human rights around worldFor decades, the Open Society Foundations have worked to advance justice and human rights in Africa, the Middle East and trouble spots around the world. But the OSF’s latest major investment is aimed at a crisis closer to home.On Tuesday, the organisation, founded by the billionaire philanthropist George Soros and headquartered in New York, announced a $300m spend aimed at boosting economic security and defending civil liberties in the US. Continue reading...

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...

• 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...

• 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.

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...

• 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.

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...