Existing property investors likely to avoid more tax under possible CGT changes in Chalmers’ May budget

• The Trump administration has announced 'Operation Economic Fury,' implementing a comprehensive blockade against Iran as part of an expanded sanctions campaign. • The initiative represents a significant escalation in economic pressure against Iran, marking a shift in US foreign policy toward more aggressive measures. • This action comes amid broader geopolitical tensions in the Middle East and follows months of diplomatic tension between the US and Iran.

All people onboard Cessna 421C dead after crash late at night in city 40 miles south-west of state capital AustinA small plane crashed among trees in Texas Hill Country, killing all five people onboard, officials said on Friday.The crash happened in the dark late on Thursday night in Wimberley, a city about 40 miles south-west of the state capital, Austin, the Hays county judge, Ruben Becerra, said in a post on Facebook. Continue reading...

US president says tariff on cars and lorries will rise to 25% and accuses European Union of non-complianceDonald Trump has said he is tearing up part of the tariff deal he struck with EU leaders at his golf course in Scotland last summer, criticising Brussels for taking so long to ratify the deal.Blindsiding Brussels late on May Day bank holiday on Friday, he announced that he would be increasing tariffs on cars and lorries imported into the US from the EU from 15% to 25% from next week. Continue reading...

Company accepts it failed to prevent bribery in public sector contracts in Algeria and Oman, sought through use of agentsThe British defence company Ultra Electronics has accepted responsibility for failure to prevent bribery and agreed to pay £15m after an investigation by the Serious Fraud Office.The penalties are part of a deferred prosecution approved by the high court on Friday, after an investigation opened in 2018, when the company referred itself to the UK law enforcement agency a month after corruption allegations were published by Algerian media. Continue reading...

Analysts say Americans have now paid $21.7bn more to fill their tanks since the start of the US war on IranExxon and Chevron quarterly earnings fall despite soaring oil pricesSign up for the Breaking News US newsletter emailThe average price for a gallon of gas in California rose to $6 this week as fuel prices across the US reached their highest level in almost four years.The American Automobile Association reported on Friday that California consumers were paying an average of $6.06, while the national average hit $4.39. The Golden state is the most expensive US market for gas but costs have also risen nationally with a 27-cent rise this week following two weeks of falling prices, AAA said in a statement. Continue reading...

Record-breaker says London Marathon win was ‘a victory for all of us’ as he is greeted by family and friends in EldoretHugged, cheered and adorned with garlands, the first man to run an official marathon in under two hours has returned as a hero to his home village in Kenya.Sabastian Sawe, who stunned the world when he clocked 1h 59m 30s in the London Marathon last weekend, flew in a Kenyan military plane normally reserved for special operations on Thursday to his home region of western Kenya. Continue reading...

Exclusive: Greater Manchester mayor said to have identified seats where MPs would step aside to allow leadership bidAndy Burnham has a credible plan to return to Westminster “within weeks”, his allies have said, with the Greater Manchester mayor expected to use a byelection fight to set out a new agenda for government.Burnham, who was blocked by Labour’s ruling body from running in February’s Gorton and Denton byelection, has identified several seats where MPs are prepared to step aside for his leadership bid. Continue reading...

Israeli foreign ministry denounce ‘shameful act’ after footage shows man pushing woman to the ground and kicking herA video of an attack on a French Catholic nun and archeological researcher in Jerusalem has caused widespread revulsion and has been denounced as a “shameful act” by Israel’s foreign ministry.In the video, a man runs up behind the nun as she walks down a street and pushes her over with force, so that the victim comes close to hitting her head on a block of stone. After walking away a few paces, the attacker, who appears to be Jewish, returns to kick the nun as she lay on the ground and only stops when a passerby intervenes. Continue reading...

Former One Direction member cancelled US shows after recent hospitalization for an unspecified illnessZayn Malik, the musician formerly in One Direction, has cancelled all US dates for his upcoming tour following hospitalization for an unspecified illness.Malik wrote in an Instagram story: “To my fans: Thank you so much for all the support and love you’ve shown me on the album release and more importantly your love, prayers, and well wishes for my health. I’ve felt it, and it’s meant the world. I’ve been at home recovering and I’m doing well and will be better and stronger than before.” Continue reading...

NAHT leader says schools watchdog for England does not raise standards, amid opposition to ‘Nando’s-style’ scoringSchool leaders are being pressurised “to the point of destruction”, the head of a teaching union has said, as he put the education establishment “on notice”.During a speech to the union’s annual conference in Belfast, Paul Whiteman, the general secretary of the National Association of Head Teachers (NAHT), outlined his criticisms of Ofsted, the schools watchdog for England. . Continue reading...

As antisemitic incidents rise, some Jewish people are asking if it’s time to leave – and where they might go nextFor many Jews sitting down with family and friends for Friday night dinner, the conversation is now turning to their “red line”. “What do we do? Do we have to leave?” asked Barry Frankfurt. Israel had once been a place some might have considered retiring to, to live by the sea. “Never in our lifetime has it been considered we need to run away, we need to seek refuge … and that place might have to be Israel,” said Frankfurt, a brand consultant in north London. “We might have to do that because we don’t feel safe in the country we call home.“Every couple of weeks you’ll hear of another couple or family in the community who have moved or will be moving soon to Israel,” he said. “And that should be the thing that shocks us as a country.” Continue reading...

Cross-party group says closure of humanitarian unit will undermine monitoring of legal violations and arms exportsMPs have expressed alarm at the closure of the Foreign Office’s international humanitarian law unit, warning it “will impair the UK’s ability to anticipate, assess and respond to serious violations of international law across multiple contexts”.News of the closure, revealed by the Guardian, was raised with Keir Starmer at prime minister’s questions this week by the independent MP for Dewsbury and Batley, Iqbal Mohamed. Starmer said the work would be undertaken by another team as part of a restructuring. Continue reading...