Round Led

Tube stoppages due on two 24-hour periods from midday on Tuesday and Thursday next week but sources say RMT seeking talksHopes have been raised that next week’s strikes by London Underground drivers could yet be averted, after sources said the RMT union had put out feelers for talks.The RMT members, almost half of London’s Tube drivers, are due to strike for two 24-hour periods from midday on Tuesday and Thursday, closing some lines entirely and bringing widespread travel disruption to the capital until the weekend. Continue reading...

• Moonshot AI, a leading Chinese chatbot maker focused on commercial AI applications, secured $20 billion in its Series E funding round led by Meituan. • The massive investment, one of the largest in AI history, will accelerate development of advanced AI models and expand commercial deployments across Asia. • This funding underscores China's aggressive push in AI amid global competition, positioning Moonshot to challenge U.S. giants like OpenAI.

• China's AI startup DeepSeek is closing in on a massive funding round that could value the company at approximately $45 billion, more than four times its valuation from discussions just two weeks prior. • China Integrated Circuit Industry Investment Fund (Big Fund) is leading the financing round, with Tencent and Alibaba participating to provide strong domestic backing. • The funding round represents a dramatic increase in DeepSeek's valuation and underscores China's aggressive push to develop competitive AI capabilities independent of Western technology.

• A leading AI startup focused on enterprise AI solutions secured $150 million in Series B funding on April 25, 2026. • The round was led by Lightspeed Ventures and SoftBank, signaling strong investor confidence in scalable AI technologies for businesses. • This funding underscores accelerating growth in the US enterprise AI sector amid rising demand for efficient AI deployment tools.

In today’s newsletter: A Waitrose worker’s dismissal ​after confronting a shoplifter has become a flashpoint in a wider debate over rising retail crimeGood morning. Overnight, the US and Iran agreed to a two-week conditional ceasefire, which included a temporary reopening of the strait of Hormuz. It followed a last-minute diplomatic intervention led by Pakistan, but the Israeli government have said the deal does not include Lebanon.You can read our main report here and our live blog will be tracking news throughout the day. My colleague Martin Belam will have more details on what the pause in the fighting means in tomorrow’s First Edition. Today, we are covering the scourge of shoplifting in the UK.Middle East | Donald Trump said he had agreed to a Pakistani-brokered two-week ceasefire, shortly before a deadline at which he had threatened to end the “whole civilisation” of Iran. Iran’s foreign minister, Abbas Araghchi, issued a statement saying: “For a period of two weeks, safe passage through the Strait of Hormuz will be possible via coordinating with Iran’s armed forces.”UK news | Millions of graduates will have the interest on their student loans capped at 6% from September as a temporary measure to protect them from the risk of rising inflation driven by war in the Middle East.Entertainment | The Wireless music festival has been cancelled after the artist formerly known as Kanye West was banned from entering the UK amid a deepening political row over his previous antisemitic statements.Politics | Reform UK would stop issuing visas to people from any country that continues to demand compensation from the UK for its role in the transatlantic trade in enslaved people, the party has said.World news | Australia’s most decorated soldier, Ben Roberts-Smith, has not applied for bail and will remain in custody after being charged with war crimes. The former SAS soldier and Victoria Cross-recipient is charged with five counts of “war crime – murder” in relation to alleged offences in Afghanistan between April 2009 and October 2012. Continue reading...