Reset

• Prime Minister Narendra Modi and Chinese President Xi Jinping held a 50-minute meeting and shared a warm handshake in New Delhi during the BRICS summit. • The interaction follows six years of diplomatic tension stemming from the deadly 2020 border standoff in eastern Ladakh. • This visible shift in dynamics suggests a potential tactical reset or thaw in relations between the two largest Asian powers.

Exclusive: UN special rapporteur on occupied territories says ban on goods from settlements ‘important’ but must go further if it is to amount to more than a ‘press release’The UK’s planned ban on trade with unlawful Israeli settlements is a welcome, if overdue, first step and must be judged according to its practical impact, a UN expert has told the Guardian.The UK foreign secretary, Ed Miliband, has vowed to act more decisively against Israeli settlements, as well as continued restrictions of aid into Gaza, prompting the US ambassador to Israel, Mike Huckabee, to claim on Saturday that Downing Street was motivated by “Jew hatred”. Continue reading...

Foreign secretary tells MPs he will try to stop illegal settlements carving up the West BankEd Miliband has promised to “reset” Britain’s policy on Israel, saying he will try to stop British companies helping build settlements in the West Bank.Speaking to the Commons for the first time as foreign secretary, Miliband said he would set out measures to prevent UK involvement in projects such as the illegal E1 plan, which critics say would split the West Bank in half. Continue reading...

• Investors are pressuring the Federal Reserve for clear policy guidance ahead of Chair Warsh's scheduled speech this Friday at the Jackson Hole conference. • The market is seeking a "reset" or specific signals regarding future interest rate movements to reduce growing economic uncertainty. • Simultaneously, the U.S. government is considering the implementation of new semiconductor tariffs targeting servers and electronic devices.

• Democratic Party chair Kim Min-seok has initiated a reconciliation push by calling for frequent, informal talks with People Power Party leader Jang Dong-hyeok. • Simultaneously, Kim is seeking to revive cooperation with the Rebuilding Korea Party, exploring the possibility of a merger to strengthen the liberal alliance. • The Rebuilding Korea Party has responded cautiously, stating that rebuilding trust is a necessary prerequisite after previous merger negotiations collapsed.

Dallas McInerney tells inquiry he wiped data from his devices over the weekend after receiving a security warning from his bankFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe chief executive of Catholic Schools NSW has denied he performed a factory reset on a work phone and iPad to wipe critical evidence for an investigation into allegations of corruption in the New South Wales Liberals, an inquiry has heard.On Wednesday, Dallas McInerney revealed he had performed the factory reset over the weekend after giving evidence to the NSW Independent Commission Against Corruption (Icac) last week. Continue reading...

• France is challenging the United Kingdom's potential participation in a new EU equity fund designed to support technology start-ups. • The fund is expected to exceed €5bn starting in 2027, but France is questioning the UK's role regarding funding contributions and political influence. • This dispute highlights ongoing post-Brexit tensions between the two nations concerning market access and the terms of their diplomatic reset.

Incoming PM will reallocate unspecified resources from unpopular plan to helping with cost of livingAndy Burnham is expected to scrap Keir Starmer’s plans for digital ID cards in a “reset of priorities” when he enters Downing Street on Monday.The new Labour leader plans to redirect the resources earmarked for the scheme towards tackling the cost of living, his team indicated on Saturday. Continue reading...

But it remains unclear how much of substance will change – and whether it will be enough to rebuild the party’s electoral coalitionOn the final day of Labour’s party conference in 2023, when the public was still reeling from the brutal Hamas attack on Israel just days before, Keir Starmer took to the airwaves for the traditional broadcast round – but gave one interview that would have particularly damaging fallout.Sitting down with LBC’s Nick Ferrari, the then opposition leader asserted Israel’s right to defend itself, a stance that was in line with the broad political consensus at the time. But then he also appeared to suggest it had “the right” to withhold power and water from Palestinian civilians. Continue reading...

• A weak June labor report has shifted market sentiment, reducing the likelihood of further interest rate hikes and challenging the previously hawkish economic narrative. • Middle market lenders are seeing a reviving sponsor pipeline, which is critical for driving new-money originations and increasing M&A activity. • This shift allows direct-lending funds to better absorb significant amounts of "dry powder" through acquisition financing, unitranche facilities, and revolver commitments.

• Lauryn Hill was honored with the inaugural Living Legend Icon Award at the 2026 BET Awards. • The event featured a star-studded performance and a grounded acceptance speech, celebrating Hill's profound musical footprint. • This recognition serves as a cultural milestone, reaffirming Hill's enduring influence on global music and culture.

• Apple unveiled a new artificial intelligence strategy at its 2026 Worldwide Developers Conference (WWDC), marking a significant pivot from previously criticized approaches. • Analysts at Bank of America Securities suggest this "material positive reset" is designed to strengthen Apple's software ecosystem. • The strategic shift is expected to drive future hardware upgrades as users seek devices capable of supporting the new AI features.

Spending watchdog says high-speed rail project must be put on stable footing to avoid repeat of costly past failuresRevised plans for HS2 should not be put into action until the government is confident they can be delivered, according to the public spending watchdog.The project to build the high-speed railway must be put on a stable footing to avoid a repeat of past failures, the National Audit Office (NAO) said in a report. Continue reading...

• Nitin Pai argues that India must urgently refocus its diplomatic efforts on strengthening ties with Iran due to the shifting geopolitical landscape in West Asia following the Gulf war. • The proposed strategy suggests that New Delhi should prioritize providing aid followed by increasing trade to foster a mutually beneficial relationship. • This reset is critical because the evolving security and political dynamics in the region require India to secure its strategic interests and regional influence.

• The FDA has launched a new initiative aimed at resetting the drug review process to accelerate the development of new medications. • A primary goal of the program is to boost the number of domestic clinical trials, reducing reliance on overseas data and speeding up patient access to therapies. • This shift matters as the agency seeks to streamline regulatory hurdles and improve the efficiency of bringing innovative treatments to the U.S. market.

The meeting has been delayed due to resistance over details of the youth mobility scheme allowing under-30s freedom to work and study in EuropeThe EU and the UK have announced they will hold their next summit to discuss the “reset” in relations between London and Brussels on 22 July.The summit, which will be held in Brussels, has been delayed several times, with talks over a youth mobility scheme allowing under-30s to work, travel or study in each other’s country deadlocked in recent weeks, fuelling speculation the summit would be postponed until the autumn. Continue reading...

EU’s Maroš Šefčovič says summit will ‘probably’ be in July but sources say it could be put back as talks deadlockedUK politics live – latest updatesThe EU has said Keir Starmer’s upcoming summit “resetting” the UK-Europe relationship may still happen in July, amid growing fears it could be postponed to the autumn as talks over youth mobility remain deadlocked.“The summit is supposed to be mid-July but at the moment it could be put back to after the summer,” said one EU diplomat. Continue reading...

• Europe is facing a critical geopolitical crisis in 2026, driven by aggressive unilateralism from Washington, Beijing, and Moscow, alongside escalating trade wars and energy instability. • The Future Combat Air System (FCAS) serves as a primary example of failure, where the development of a 6th-generation fighter jet has stalled due to national vanity and industrial disputes. • The author argues that European federalism must shift from a political ideology to a necessary survival strategy to ensure strategic autonomy and security.

• Europe is currently failing to meet its goal of increasing its global semiconductor production share to 20% by 2030. • To address this, the bloc is considering new plans to boost domestic demand and a streamlined, centralized subsidy process to better compete with the U.S. • The U.S. provides a stark contrast in efficiency, having mobilized $39 billion in federal funding and a 25% investment tax credit via the 2022 CHIPS and Science Act.

• SK Hynix has joined the trillion-dollar market cap club driven by surging demand for AI chips, while AI startup Anthropic is approaching a $100 billion valuation. • Major tech firms are restructuring their workforces, with Meta cutting jobs to prioritize AI initiatives and Nvidia reporting a gap in specialized hiring. • Cryptocurrency markets are seeing a recovery, marked by notable gains for both Bitcoin and Ethereum.

Agreement affecting meat, plants and packaging promises to end paperwork ‘hell’ and border delays from 2027Business live – latest updatesBrexit red tape affecting UK food exports to the EU, including fresh sausages and burgers, will be scrapped from mid-2027 in the first confirmed result of Keir Starmer’s “reset” negotiations with Brussels, the government has announced.When the rules come into force, exporters of meat – whether fresh, frozen or processed – will no longer require costly veterinary certificates to prove they meet EU standards. Nor will they need similar documentation for plants or wood packaging material. Businesses selling into Northern Ireland will no longer require health labels. Continue reading...

• A formal review of the UK-EU Trade and Cooperation Agreement (TCA) is scheduled for 2026, potentially aligning with broader efforts to reset diplomatic and economic relations. • Proposed initiatives include establishing a common sanitary and phytosanitary (SPS) area for food and agricultural standards and linking the UK and EU emission trading schemes (ETS). • Further negotiations may cover UK participation in the EU’s internal electricity market and the creation of a UK-EU youth experience agreement.

Alan Milburn, who is leading review commissioned by government, says current strategy ‘going in wrong direction’Labour has failed to tackle soaring youth unemployment and must launch a “system reset” involving a fresh attempt to overhaul health and disability benefits, a report commissioned by the government is to warn.Alan Milburn, who is leading a review into why almost a million young people are not in education or work, said ministers had so far responded with a series of disjointed jobs programmes. Continue reading...

Councillor announces plan to withdraw from government-funded programme in run-up to May electionsUK politics live – latest updatesThe Reform-led Lancashire county council will withdraw from the government’s refugee resettlement scheme, one of its cabinet members has said.Councillor Joshua Roberts announced plans for Lancashire to leave the scheme, which would make it the first local authority to do so. Continue reading...

Four women and nine children expected to return to Australia on Thursday with all apart from a mother and her child expected to go to VictoriaGet our breaking news email, free app or daily news podcastAuthorities in two Australian states are preparing to resettle children returning from squalid detention camps and life under Islamic State rule, as at least some of their mothers face possible criminal charges.Four women and nine children are expected to return to Australia on Thursday, with all of them apart from a mother and her child bound for Melbourne. Continue reading...

• President Donald Trump signed a series of emergency executive orders from the Oval Office on April 25, 2026, enacting the 'World's Most Powerful Reset' to address national security and economic stability. • The orders grant the administration vast new powers over the U.S. economy and financial system, potentially altering the Federal Reserve's role amid foreign threats. • The actions have triggered fierce debate over constitutional authority, with volatile reactions from Democrats and Republicans, and shockwaves in global markets.

• President Donald Trump signed a series of emergency executive orders from the Oval Office, dubbed the 'World's Most Powerful Reset,' targeting U.S. economic stability and national security. • The orders grant the administration expanded powers over the economy and financial system, including potential alterations to the Federal Reserve's role amid foreign threats. • The actions have triggered market volatility, fierce partisan debate, and questions over constitutional authority from Democrats and some Republicans.

• President Donald Trump signed a series of emergency executive orders from the Oval Office on April 13, 2026, with the White House calling them the 'World's Most Powerful Reset,' sending shockwaves across U.S. and global markets. • The unprecedented executive action, grounded in national security protocols, reportedly grants the administration vast new powers over the U.S. economy and financial system, potentially altering the role of the Federal Reserve. • Details remain tightly controlled, but sources suggest the orders address economic stability and foreign threats, prompting immediate debate over the President's constitutional authority and fierce political reaction from both Democrats and Republicans.