Street

• Asian stocks rose on Friday, with gains in Japan, South Korea and Australia pushing the MSCI Asia Pacific Index higher after Wall Street gauges hit records. • The move was driven by the AI trade, strong corporate earnings and resilient U.S. consumer data, while Nvidia's six-day rally brought its market value closer to $6 trillion. • U.S. two-year Treasury yields traded at 4.03%, the highest since June, and Japan's 10-year government bond yield climbed after producer prices hit their highest level since 2023.

NHS experts and MPs say he ‘told a good story’ as health secretary while kicking the difficult cans down the roadUK politics live – latest updatesWes Streeting’s 22 months in office was characterised by relentless media interviews, newspaper editorials and Department of Health and Social Care press releases. They portrayed a dynamic health secretary who was clearing up the mess he inherited in the NHS, pushing ahead with radical changes and making progress on what matters most to patients – accessing care when they need it.Having initially declared the NHS “broken” – by the Conservatives – it is six months since he first declared that the health service was now, on his watch, “on the road to recovery” – a claim he has made regularly since. He included the gist of it again – a sort of greatest hits collection – in his resignation letter to Keir Starmer at lunchtime on Thursday. Continue reading...

Now former health secretary and Manchester mayor could be about to make an unlikely deal to oust Keir StarmerWho said the Labour party needs “a battle of ideas, not of personalities or petty factionalism … It needs to be broad, and it needs the best possible field of candidates”?Until this morning, almost everyone would have attributed those words to Andy Burnham, the mayor or Greater Manchester. But those were the closing paragraphs of the former health secretary Wes Streeting’s resignation letter, a cadence so similar to Burnham’s own that it cannot be accidental. Continue reading...

Streeting, who is on the party’s right, had long been rumoured to be gathering support for tilt at leadershipUK politics live – latest updatesWes Streeting has quit as health secretary and called on Keir Starmer to resign as prime minister, saying it would have been “dishonourable” to remain in post and that there should now be a contest for the Labour leadership.But Streeting, who is on the party’s right, will not immediately launch a challenge and said he wanted to see a leadership contest with a broad range of candidates – a suggestion that the Greater Manchester mayor, Andy Burnham, could fight in the contest. Continue reading...

Outgoing health secretary declares Labour’s ‘plan for the NHS is working’ as hospitals hit key targetHospitals in England have hit a key target for improving the time it takes patients to get treatment, which prompted Wes Streeting to declare that Labour’s “plan for the NHS is working” before departing as health secretary.Streeting had told the NHS to ensure that hospitals treated at least 65% of patients within 18 weeks by the end of March. New figures NHS England published today showed that hospitals did so, treating 65.3% on the NHS waiting list within that timeframe in March. Continue reading...

Despite slim majority of 528, many constituents of potential Labour leadership candidate seem rather fond of himUK politics live – latest updatesWes Streeting’s potential leadership bid has been the subject of mockery from figures within Labour, while the Conservative leader Kemi Badenoch’s slapdown of the now former health secretary in the Commons on Wednesday went viral on social media.However, in Streeting’s parliamentary seat of Ilford North, his constituents seem rather fond of him and pleased with the prospect that their MP could get the keys to No 10. Lesley, who works in Tesco in Barkingside, said: “He’d be very good. He comes into Tesco’s a lot, he’s a nice man. He talks to all of us.” Continue reading...

Source claims Streeting has enough support to challenge Keir Starmer but he is still hoping PM will resignUK politics live – latest updatesWes Streeting is locked in a standoff with Number 10 as allies claimed he had the numbers to launch a challenge but still hoped the prime minister would resign.The health secretary had been widely expected to launch a leadership challenge on Thursday and has told supporters he has got the 81 MPs required to launch a formal contest. A source close to Streeting said he had the numbers but “things are shifting”. Continue reading...

• Wall Street traded mixed on Wednesday morning, with the S&P 500 down 0.1%, Dow Jones Industrial Average dropping 235 points or 0.5% at 9:35 a.m. ET, and Nasdaq up 0.2% amid a technology sector rebound. • Tech stocks like Micron Technology surged 4.3% and Nvidia rose 2.4%, the top gainer on the S&P 500, following a pause in AI-driven momentum; Nvidia CEO Jensen Huang was invited by President Trump to discuss AI chip shipments to China. • A wholesale inflation report showed prices significantly higher than expected last month, following Tuesday's consumer inflation acceleration, driven by rising fuel, transportation, food prices from tariffs, weather, and oil disruptions from the Iran war.

Health secretary’s move to force race sparks scramble on left of Labour for candidate to oppose himUK politics live – latest updatesWes Streeting is preparing to launch a leadership challenge against Keir Starmer on Thursday if the health secretary can secure the support of enough MPs to trigger a contest.Streeting’s move to force a race has sparked a frantic scramble on the left of Labour to find a candidate to oppose him, with Ed Miliband and Angela Rayner both possible contenders. Continue reading...

Health secretary’s lack of challenge had reassured Starmer and his allies – but then briefings for a speculative Thursday launch emergedAs the unofficial political truce of the king’s speech approached, with still no sign of a leadership challenge from Wes Streeting, some of his Labour colleagues assumed the health secretary’s chance to go for the top job might have passed for ever.“There is a risk he becomes the David Miliband of this generation if he doesn’t do something,” one MP said, a reference to another longtime heir apparent who never made the final step. Continue reading...

Wes Streeting is expected to launch a leadership challenge against Keir Starmer as soon as Thursday. News of the health secretary’s plans came during the king’s speech, derailing what was supposed to be another chance for the prime minister to reset the political agenda. Lucy Hough speaks to the Guardian’s head of national news, Archie Bland Continue reading...

Sources say health secretary intends to trigger leadership election as early as ThursdayUK politics live – latest updatesWho are the main threats to Starmer’s leadership?Allies of Wes Streeting have said he is preparing to stand down as health secretary amid deep frustration with Keir Starmer’s leadership, and could mount a formal challenge for the leadership as early as Thursday.Downing Street insiders had suggested Streeting did not yet have the required support from 81 MPs, which is needed to formally launch a leadership bid, after the prime minister issued a “put up or shut up” ultimatum to his cabinet. Continue reading...

Another ally of health secretary renews call for resignation of prime minister, who is due to deliver king’s speech• UK politics live – latest updatesWes Streeting has held talks with Keir Starmer in Downing Street as an ally of the health secretary renewed calls for the prime minister to resign, saying his authority had “irretrievably ebbed away”.Streeting arrived in No 10 on Wednesday morning amid intense speculation over Labour’s leadership crisis and his own future within the party, before leaving approximately 16 minutes later without commenting to the media. Continue reading...

A number of the health secretary’s allies called for the prime minister’s resignation but Streeting has yet to call for a formal leadership challengeReport: Starmer given a lifeline after Streeting challenge fails to materialiseGood morning. There are two main events in the diary today. At this point, it is not entirely clear which will turn out to be more consequential.At 11.15am the king will arrive at parliament for the state opening. The king’s speech sets out the legislative programme for the next year. Kiran Stacey has a preview here. Continue reading...

Downing Street insiders suggest health secretary does not yet have the support for a leadership pushUK politics live – latest updatesKeir Starmer was increasingly confident that he had seen off the immediate threat to his job on Tuesday after a challenge from Wes Streeting failed to materialise despite several of the prime minister’s allies quitting the government.Downing Street insiders suggested that the health secretary did not yet have the required support from the 81 MPs he needed to formally launch a leadership bid after Starmer issued a ‘put up or shut up’ ultimatum to his cabinet. Continue reading...

• U.S. stock markets declined Tuesday with the S&P 500 falling 0.9% from record highs as technology stocks weakened and oil prices continued rising amid uncertainty over the Iran conflict. • Benchmark U.S. crude jumped $3.43 to $101.50 per barrel, while Brent crude climbed $3.62 to $107.83 per barrel, as President Trump said the U.S.-Iran ceasefire was on "life support" after rejecting Iran's latest peace proposal. • Brent crude has surged 50% from pre-war levels around $70, contributing to inflation pressures globally and straining U.S. households through higher gasoline and goods prices tied to new tariffs.

With Starmer under growing pressure to resign, Growth and Tribune groups put forward ideas for policy revampsUK politics live – latest updatesGroups connected to the health secretary, Wes Streeting, and the Greater Manchester mayor, Andy Burnham, have proposed large changes to government policy, giving a sense of how the country may change should either one succeed Keir Starmer.The Growth Group, allied to Streeting, and the Tribune group of Labour MPs, allied to Burnham, have published competing visions for how Britain should run, including sweeping tax cuts, help with the cost of living and big reforms to government machinery. Continue reading...

Health secretary’s soft-right credentials put him at a disadvantage even with reduced membership under StarmerUK politics live – latest updates“Country first, party second” is a mantra Keir Starmer and his cabinet have repeated since being in opposition, seeking to draw a dividing line between Labour and their Conservative predecessors’ inclination for self-destruction.But party members do matter in politics – and a key problem for Wes Streeting, one of those with ambitions to succeed Keir Starmer, is that many of Labour’s do not like him. Continue reading...

The British political strategist drew swift criticism in a state where tacos are practically the official dishSign up for the Breaking News US newsletter emailPolls have shown California voters have been largely disengaged from the upcoming election for governor, but over the weekend one candidate managed to capture the public’s attention – and ire.Steve Hilton, the British political strategist seeking the state’s top office, drew derision after posting a video outside a southern California location of the fast food chain Del Taco while holding the hard-shell tortilla concoction that he referred to as a “street taco”. Continue reading...

Chances of Starmer remaining in No 10 appear to be diminishing as about 40 Labour MPs call for him to quitUK politics live – latest updatesKeir Starmer is facing a perilous 24 hours as allies of Wes Streeting said he was prepared to bid for the leadership if the prime minister’s premiership falls apart this week.Starmer was hoping to save his job with a speech that sets out his vision for turning the country around on Monday, after a disastrous set of local election results in which the party lost support to Reform UK and the Greens. Continue reading...

The First Nations woman has been on the priority public housing list in WA since 2023. Despite nearly dying from sleeping rough, she still has a two year wait.Get our breaking news email, free app or daily news podcastThe family of a homeless First Nations woman who is sick with septicemia fear she will die without a safe home, but advocates warn it could be years before she reaches the top of the public housing waiting list.Andrea Woodley has been in and out of hospital for weeks with sepsis, triggered by infected blisters on her feet after sleeping rough in inner city Perth. The Noongar, Budimaya and Nyikina woman and her loved ones fear that without a home she is at risk of death. Continue reading...

Conservative and Reform leaders cheered as they address crowd, while Labour’s Pat McFadden met with boos and shouts of ‘where is Starmer?’Thousands of people gathered outside Downing Street on Sunday to protest an increase in antisemitic hate crimes and violence, as senior politicians and interfaith leaders called for unity.The Standing Strong: Extinguish Antisemitism rally, backed by more than 30 Jewish groups, drew thousands of people to Whitehall, as Conservative and Liberal Democrat party leaders, alongside Labour and Reform representatives, addressed a crowd studded with Israeli and union jack flags, and ‘Where is Keir?’ placards. Continue reading...

Open letter criticising invitation to Nigel Farage warns of association with ‘racism and inflammatory rhetoric’Political leaders have been invited to a rally opposing antisemitism on Sunday, with British Jews hoping the “silent majority” will join them for a “million mensch march” across central London.The prime minister, Keir Starmer, is considering attending the Standing Strong: Extinguish Antisemitism rally, which is backed by more than 30 Jewish groups, while the Conservative leader Kemi Badenoch is expected to speak. The Liberal Democrats’ leader, Ed Davey, has also been invited. Continue reading...

The prime minister said the attack in Golders Green is ‘part of a pattern of rising antisemitism’ in the countryGood morning. Keir Starmer has declared antisemitism “a crisis for all of us”. This morning he is hosting an event in Downing Street intended to get leaders across all areas of public life to address the problem and, according to the briefing from No 10, he will say:Last week’s terrorist attack in Golders Green was utterly appalling. But it was not an isolated incident. It is part of a pattern of rising antisemitism that has left our Jewish communities feeling frightened, angry, and asking whether this country, their home, is safe for them.These disgusting attacks are being made against British Jews. But, make no mistake, this crisis – it is a crisis for all of us. It is a test of our values. Values that are not guaranteed, but are earned. Every single day, through our actions.Jewish communities across England will receive a further £1m of government funding to tackle antisemitism and strengthen community cohesion in those places facing the greatest risk.An immediate £500,000 will also be allocated to Barnet council, reflecting recent serious antisemitic incidents in the borough and the large number of Jewish residents there. Continue reading...

Company reported $111.2bn in revenue in first earnings report after announcement of Cook’s pending departureApple blew past Wall Street expectations in its first earnings report since it announced CEO Tim Cook would be stepping down.Cook reported Apple’s “best March quarter ever” and “double-digit growth across every geographic segment”. He also noted “extraordinary demand for the iPhone17 lineup”. Continue reading...

Fast food giant cannot not be denied on basis it doesn’t suit ‘vibe’ of location, tribunal findsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastMcDonald’s is poised to open a 24/7 takeaway outlet on a Melbourne street once dubbed the “world’s coolest” after the fast food giant won its legal challenge against the local council’s attempt to block the new restaurant.Victoria’s civil and administrative tribunal (Vcat) has upheld McDonald’s application for a review of Darebin city council’s decision to reject its application to turn 323 High Street in Northcote into one of its stores. Continue reading...

Health secretary’s ‘power grab’ to override Nice comes amid growing concern move may be illegal and benefit big pharmaDozens of MPs are opposing Wes Streeting’s decision to award himself power to dictate what the NHS pays for drugs amid growing concern the move may be illegal.Thirty-one MPs have signed a House of Commons motion voicing their disapproval of the health secretary being handed the power to override the National Institute for Health and Care Excellence’s (Nice) judgment on how much the NHS should spend on individual medicines. Continue reading...

Government looks to rush through laws allowing pavement ‘charging gullies’ to help boost EV take-up and cut dependence on fossil fuelsUK to appeal against tax ruling cutting VAT on public EV chargers to 5%Households without off-street parking could soon be able to charge their electric vehicles from home under new government plans to help households cut their need for expensive fossil fuels.The government has promised to pass legislation this summer that will allow motorists to run power cables through a charging “gully” built into the pavement outside their home without the need for planning permission. Continue reading...