Stock markets are too high and set to fall, says Bank of England deputy
The Bank of England expects stock markets around the world to fall as share prices do not reflect the many risks facing the global economy, its deputy governor has told. Sarah Breeden said: “There’s a lot of risk out there and yet asset prices are at all-time highs. We expect
Assisted dying bill runs out of time to become law
A proposed law to legalise assisted dying in England and Wales has run out of time to become law, almost 17 months after MPs first voted in favour of it. The bill stalled in the House of Lords after the House of Commons supported allowing terminally ill adults expected to
Relatives of 10 scientists who died or vanished grapple with impact of wild speculation
The disappearances and deaths of at least 10 people tied to sensitive US research have drawn scrutiny from online sleuths and now federal investigators. But for grieving relatives, all the wild speculation is “disgusting”. Carl Grillmair would laugh at the conspiracy theories about his killing, says his widow. “I think
Billionaire backer sues Trump family’s crypto firm over alleged extortion
The Trump family’s World Liberty crypto venture is being sued by one of its billionaire backers over allegations of extortion. Justin Sun has accused World Liberty of an “illegal scheme” to seize his WLFI tokens, a cryptocurrency issued by the company. Sun alleges the firm, co-founded by US President Donald
Lufthansa cuts 20,000 summer flights as fuel prices surge
German airline Lufthansa will cut 20,000 Europeanshort-haul flights over the summer, saying soaring fuel prices have made many journeys “unprofitable” for the firm. Jet fuel has doubled in price since the start of the US-Israel war with Iran as the conflict has slowed its production and transportation across the Middle
Rosenior sacked by Chelsea after three months in charge
Chelsea have sacked head coach Liam Rosenior after 106 days in charge of the club. Rosenior signed a five-and-a-half-year deal after arriving from French club Strasbourg, also owned by Chelsea co-owners Todd Boehly and Clearlake Capital. But he managed just 11 wins in 23 matches across all competitions and Tuesday’s 3-0 defeat at Brighton was Chelsea’s
Car finance compensation scheme faces challenge and delay
A consumer group is planning a legal challenge to a scheme designed to compensate millions of drivers who were mis-sold motor finance agreements. Consumer Voice said the City regulator’s scheme, which is expected to cost lenders a total of £9.1bn, left “too many people short-changed”. Payouts averaging £829 per person
Trump buys time for Iran deal after frantic day of diplomacy
Tuesday began as a frantic day of diplomacy in Washington, with Air Force Two ready to fly Vice President JD Vance to Islamabad for another round of peace talks between the US and Iran. Several hours later, Air Force Two hadn’t taken off and the negotiations were postponed. President Donald
No cartels involved – but Mexico’s pyramid attack prompts new concerns
The authorities in Mexico are still piecing together how a typical morning at the ancient pyramid complex of Teotihuacán, one of the country’s foremost tourist destinations, descended into terrifying gun violence on Monday. The video footage is disturbing. A gunman stands atop the imposing Pyramid of the Moon and opens
The ‘dumb machine’ promising a clean energy breakthrough
“I remember a few people said that the place where Proxima is today was impossible,” says Francesco Sciortino, the co-founder and CEO of Proxima Fusion. Being accused of attempting the impossible is not unusual for the scientists and engineers working on nuclear fusion projects around the world. After all, they are attempting