It’s not the bond markets Andy Burnham should be afraid of. It’s his own MPs | Aditya Chakrabortty
To stay popular with the public – and his backbenchers – he’ll need to make big changes fast. That means changing the way the government borrows
Regulation
What is China’s SpaceSail, and could it rival Elon Musk’s Starlink?
The company has just a few hundred satellites in low Earth orbit but has state backing and is already reportedly negotiating with dozens of countries
One in four graduates will lose financially from going to university, IFS estimates
Degrees still mostly boost lifetime pay, thinktank says, but those completing creative qualifications may end up worse off
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Elon Musk loses trillionaire status as SpaceX and Tesla stock drops
Falling shares push tech mogul back down to billionaire ranks after SpaceX IPO made him world’s first trillionaire
Federal Reserve Board's annual bank stress test confirms that large banks are well positioned to weather a severe recession and able to continue to lend to households and businesses
The results of the Federal Reserve Board's annual bank stress test confirmed that large banks are well positioned to weather a severe recession and able to continue to lend to households and businesses. Despite absorbin…
SEC Appoints Kathleen Hutchinson as Director of Office of International Affairs
U.S. March NFP came in at 236,000 jobs versus a 240,000 estimate and unemployment edged to 3.5%, cutting the CME FedWatch odds of a May 25bp hike to about 50% from ~70% and pushing spot gold above $2,020 toward the $2,0…
Exploit last North Sea oil and gas or risk mass job losses, Andy Burnham urged
Andy Burnham should be ready to exploit the UK’s remaining North Sea oil and gas resources to avoid mass job losses in Scotland and the north-east, the director of the British Chambers of Commerce (BCC), Shevaun Havilan…
Big tech spent millions on a single US congressional race. It won’t be the last time
Pro- and anti-AI groups spent $24m on a congressional contest in New York, but it’s unclear to what end
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Germany’s rail network brought to standstill by botched IT replacement
Deutsche Bahn widely criticised after hundreds of thousands of passengers stranded in operator’s latest setback
US says chemical giant Chemours to pay $450m to settle ‘forever chemicals’ case
Agreement is first by federal government to resolve enforcement claims against a major Pfas manufacturer
Another FTSE firm is under attack from a US raider. Demand top dollar | Nils Pratley
The warehouse landlord Segro has a bright future, not least with datacentres, so there’s no reason to roll over
Trump says he’s ordered investigation into oil companies over alleged price gouging
Trump says he instructed justice department to investigate oil firms over high gas prices amid Middle East conflict
BT pension scheme lost £300m on Thames Water stake
Loss came after decision to write off 8.7% equity stake in water company moving closer towards nationalisation
A decade after the Brexit vote, Europe has moved on even if Britain hasn’t
In this week’s newsletter: As the EU consolidates, the UK faces renewed debate over the long‑term shape of its relationship with the continent
Fans for fans: power demand surges as England viewers cope with heatwave
Handful of gas plants paid £4m to generate electricity at half- and full-time in World Cup game
I was wary of driverless cars and their tech overlords – but they could give me a different future | Gabriel Stewart
For those of us who can’t drive due to disabilities, the drawbacks of these vehicles are vastly outweighed by the possibilities they offer
Bedford crash occurred after train passed red signal and was not stopped, investigators believe
Interim report says other train it hit had halted on line because warning system wrongly caused it to brake
Commodity traders offer £1m to crisis fund after FCA competition probe
The FCA is concerned 11 traders may have shared sensitive information or coordinated trades, potentially restricting competition.
Farm workers at high risk amid screwworm outbreak in US south-west
Those who work with animals are at greater risk for infection, but face challenges in accessing healthcare
Meta pauses employee tracker for AI training amid privacy concerns
Mark Zuckerberg’s Meta has paused a program that tracked employees’ computer activity amid data privacy concerns and a staff backlash.
Record profits, terrible service: something’s got to give for US consumers
Experts say consolidation and market power have left consumers paying more for less
Lazio Women to pay compensation after landmark Cas pregnancy discrimination ruling
Lazio Women unlawfully ended the Swedish footballer Maja Göthberg’s time at the club because of her pregnancy, the court of arbitration for sport (Cas) has ruled, ordering the Italian club to pay compensation.
Cars in Europe have grown average 1.2cm longer every year since 2000
Analysis of new vehicles shows steady ‘car bloat’ that researchers say could cause extra 2,600 crash deaths a year by 2040
UK warehouse landlord Segro rejects £12.6bn takeover offer from US rival
FTSE 100 firm says Prologis all-share proposal turned down as it falls long way short of its own views on value