The Guardian

Rolling coverage of the latest economic and financial news, as Andrew Bailey insists: “I think the path is down”.A Bank of England interest rate cut next month is looking more likely, according to the latest city pricing.The money markets are indicating there’s now an 85% chance that the Bank cuts interest rates at its next meeting on 7 August, up from 76% at the end of last week.Friday’s disappointing GDP figures, combined with these weak jobs figures boost the case for the Bank of England to cut interest rates in August. The central bank’s governor Andrew Bailey told The Times

In today’s newsletter: Amid at least 129 deaths and billions of dollars of damage, there has been little reckoning about the part global heating and cuts to public services may have played in the disasterGood morning. The death toll from the catastrophic floods in Texas has climbed to 129, including at least 27 children and counsellors at Camp Mystic in Kerr County.With more than 160 people still missing, authorities warn that the number of casualties is likely to rise. On Sunday morning, some search operations were cancelled as heavy rain and strong winds battered the state once again.Israel-Gaza | An

Treasurer ‘relaxed’ about error that saw advice accidentally shared with ABC but says he will not make full unredacted document publicFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastTreasurer Jim Chalmers insists Labor is ambitious enough to meet its policy of building 1.2m new homes by 2030, despite his own department warning the federal government’s goals will not be met.Calling housing shortages “one of the defining challenges” facing the Australian economy, Chalmers downplayed advice from Treasury officials saying the current policy settings would not deliver the new homes and warning

Buckingham Palace to host US president during party conferences removing chance of Commons addressKing Charles has invited Donald Trump for an unprecedented second state visit in September, scheduling the trip for three days when parliament is not sitting and removing the possibility of the US president addressing parliament.Buckingham Palace announced on Monday that Trump would come to the UK from 17-19 September, soon after the House of Commons rises for its traditional break for the annual party conferences. Continue reading... Source link : https://www.theguardian.com/us-news/2025/jul/14/king-charles-schedules-trump-state-visit-for-when-uk-parliament-is-in-recess Author : Kiran Stacey Political correspondent Publish date : 2025-07-13 23:01:00 Copyright for syndicated content belongs

Prime minister knows Australian miners – and government revenue streams – are vulnerable to downturn in iron ore price. Follow today’s news liveUS hate expert describes proposal to adopt antisemitism definition as a ‘disaster’Kenneth Stern, director of the US-based Bard Center for the Study of Hate, said it is a “disaster” that Australia is considering the adoption of a working definition of antisemitism from the International Holocaust Remembrance Alliance (IHRA) as part of a plan to end anti-Jewish hatred. Jillian Segal, the federal special envoy to combat antisemitism, recommended last week the definition be adopted by all levels of government

Grand Canyon Lodge consumed by two wildfires that have burned more than 45,000 acres in areaA historic lodge on the Grand Canyon’s North Rim has been destroyed by a fast-moving wildfire, the park said Sunday.The Grand Canyon Lodge, the only lodging inside the park at the North Rim, was consumed by the flames, park Superintendent Ed Keable told park residents, staff and others in a meeting Sunday morning. He said the visitor center, the gas station, a waste water treatment plant, an administrative building and some employee housing also were lost. Continue reading... Source link : https://www.theguardian.com/us-news/2025/jul/13/wildfires-destroy-grand-canyon-lodge-north-rim Author : Associated

Creative studio says financial districts deserted in working-from-home shift could host revitalised nightlife sectorCould the future of Canary Wharf lie in thumping beats and dancefloor raves? Could the City of London become a global hub of nocturnal revelry?With financial districts struggling to bounce back to full capacity post-Covid, and the nightlife industry facing an existential crisis, there are suggestions clubs could move into deserted office blocks at evenings and weekends. Continue reading... Source link : https://www.theguardian.com/business/2025/jul/13/london-office-empty-blocks-nightclubs-nightlife-report Author : Jessica Murray Social affairs correspondent Publish date : 2025-07-13 17:00:00 Copyright for syndicated content belongs to the linked Source.

French president says bloc should be ready for trade war after 30% tariff threat but other EU leaders call for calmThe French president, Emmanuel Macron, has called on the EU to “defend European interests resolutely” after Donald Trump threatened to impose 30% tariffs on nearly all imports from the EU.It comes as the EU moves to de-escalate tensions after the blunt move by Trump on Saturday, declaring a further pause on €21bn of retaliatory tariffs until 1 August, dovetailing with the US president’s new deal deadline. Continue reading... Source link : https://www.theguardian.com/us-news/2025/jul/13/macron-calls-on-eu-to-defend-european-interests-resolutely-from-trump-tariffs Author : Lisa O'Carroll Publish date : 2025-07-13

Transport secretary promises to make buying electric cars ‘easier and cheaper’ as £700m subsidy package preparedThe transport secretary has promised to make it “easier and cheaper” to buy electric cars, as the government announces £63m worth of funding to help build charging infrastructure.Heidi Alexander said on Sunday she wanted to make it more affordable to switch to electric vehicles as she announced new money for councils and other bodies to spend on facilities to charge cars. Continue reading... Source link : https://www.theguardian.com/politics/2025/jul/13/uk-funding-ev-charging-infrastructure-electric-vehicles Author : Kiran Stacey Political correspondent and Jasper Jolly Publish date : 2025-07-13 12:12:00 Copyright for syndicated content

June attacks by the US and Israel on Iran struck but did not fully destroy nuclear facilitiesThe Guardian’s diplomatic editor, Patrick Wintour, filed this report last week:European nations will act to impose “dramatic sanctions” on Iran in the coming weeks if it does not end the uncertainty about its nuclear programme, including by allowing the return of UN inspectors, the UK foreign secretary, David Lammy, has warned. Continue reading... Source link : https://www.theguardian.com/world/live/2025/jul/13/iran-nuclear-talks-us-israel-further-attacks-middle-east-crisis-live Author : Yohannes Lowe Publish date : 2025-07-13 09:25:00 Copyright for syndicated content belongs to the linked Source.

Graduate recruiter says much use of AI goes undetected as specialist says half of candidates are now using itKey takeaways for graduates battling AI in the jobs marketGraduates share their job-hunting woes amid the AI falloutOne of the UK’s biggest recruiters is accelerating a plan to switch towards more frequent face-to-face assessments as university graduates become increasingly reliant on using artificial intelligence to apply for jobs.Teach First, a charity which fast-tracks graduates into teaching jobs, said it planned to bring forward a move away from predominantly written assignments – where AI could give applicants hidden help – to setting more

Comments come amid reports Washington seeking guarantees about how Canberra would respond in event of Indo-Pacific conflictFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAustralia will refuse any US request to join a “hypothetical” conflict with China over Taiwan and won’t make any advance commitment, the defence industry minister, Pat Conroy, has said, amid reports Washington is seeking such promises in discussions over the Aukus submarines.Conroy called on China to be more transparent about its military buildup, but said any commitment to war would be the sole power of the

Follow all the day’s news liveGet our breaking news email, free app or daily news podcast‘A balanced region where no one is dominated and no one dominates’China needs to be “more transparent” about military and nuclear buildups in the region, Conroy says, and this has been a message communicated “publicly and privately” with China.That is our position. Sovereignty will always be prioritised and that will continue to be our position.I’m not going to foreshadow everything that the prime minister will or won’t say but the conversation with his counterparts will cover economic security and human rights issues. We’ve been clear

Agency director says ‘conspiracy theories aren’t true’ amid backlash against FBI-DoJ decision to block release of filesFBI director Kash Patel has denied swirling resignation rumors over reported unhappiness at a justice department decision to close the book on Jeffrey Epstein after administration officials teased a big reveal earlier in the year.In a Saturday social media post, the agency director said: “the conspiracy theories just aren’t true, never have been. It’s an honor to serve the President of the United States – and I’ll continue to do so for as long as he calls on me.” Continue reading... Source link :

British ambassador to US believes universal levy unlikely to change but there is ‘scope’ for negotiations in some sectorsThe 10% tariffs on most UK goods imported into the US are likely “here to stay”, according to Lord Mandelson.The British ambassador to the US said the “universal 10% tariff” was unlikely to change but that there was “scope” for negotiations in different sectors and industries, such as technology. Continue reading... Source link : https://www.theguardian.com/us-news/2025/jul/12/trumps-10-tariff-on-most-uk-goods-here-to-stay-says-lord-mandelson Author : Tom Ambrose Publish date : 2025-07-12 21:00:00 Copyright for syndicated content belongs to the linked Source.

‘Locally heavy rainfall’ of 1-3in predicted as death toll from the Fourth of July flood rises to nearly 130 peopleTexas Hill Country was back under a flood watch on Saturday, with the National Weather Service warning of “locally heavy rainfall” of 1-3in with isolated amounts close to 6in possible.The flood watch, which continues through Sunday evening, comes as the death toll from the 4 July flood continues to rise – now at nearly 130 people - and authorities continue their search for the 160 more who are missing. Continue reading... Source link : https://www.theguardian.com/us-news/2025/jul/12/texas-hill-country-flood-watch Author : Edward Helmore and agency

Bloc had already backtracked from tough talk to seeking a bare bones deal – but US president has turned tables againSecond-guessing Donald Trump is a fool’s errand.But Saturday’s shock threat to impose tariffs of 30% on the EU is a blow to the bloc’s confidence, which had already secretly capitulated during negotiations with diplomats revealing they had to sacrifice trade for the wider prize of security and defence of the continent. Continue reading... Source link : https://www.theguardian.com/world/2025/jul/12/eu-will-be-reeling-over-how-to-tackle-trade-talks-after-trumps-30-tariff-threat Author : Lisa O'Carroll Publish date : 2025-07-12 16:08:00 Copyright for syndicated content belongs to the linked Source.

Legal challenge argues commissioners breached Local Government Act by refusing to allow proper scrutiny of decisionLegal action is being taken after commissioners sent to oversee Birmingham council blocked scrutiny of a controversial decision to close adult day centres.An application for a judicial review has been brought in the names of Robert Mason, 63, and Jenny Gilbert, 50, who attend day centres for adults with physical and learning disabilities in the city. Continue reading... Source link : https://www.theguardian.com/uk-news/2025/jul/12/birmingham-council-faces-legal-action-adult-day-centres Author : Jessica Murray Social affairs correspondent Publish date : 2025-07-12 13:00:00 Copyright for syndicated content belongs to the linked Source.

Gaza civil defence said Israeli forces killed at least 30 people on FridayIsraeli airstrikes killed at least 28 Palestinians in the Gaza Strip, including four children, hospital officials said on Saturday, the Associated Press (AP) reports. The four children and two women were among at least 13 people who were killed in Deir al-Balah, in central Gaza, after Israeli airstrikes pounded the area starting late on Friday, officials in Al-Aqsa Martyr’s hospital said.Another four people were killed in strikes near a fuel station, and 15 others died in Israeli airstrikes in Khan Younis, in southern Gaza, according to Nasser hospital.

MP pushes on with plans after week of confusion following announcement she would co-lead party with Jeremy CorbynZarah Sultana has launched a fundraising drive and supporter sign-up page under her own name as she pushed on with plans for the formation of a new leftwing party.The Coventry South MP, who announced last Thursday that she would be co-leading the new party with Jeremy Corbyn, used the platform ActionNetwork to gather supporters. The landing page has so far recorded more than 64,000 “actions taken”. Continue reading... Source link : https://www.theguardian.com/politics/2025/jul/12/zarah-sultana-launches-fundraising-drive-for-new-leftwing-party Author : Aletha Adu Political correspondent Publish date : 2025-07-12 08:33:00

Preschool establishment asked for extra compulsory fee for ‘consumables’ – but it should have been freeA nursery has refunded a father almost £1,200 after an investigation found he had been charged mandatory “top-up” fees for hours of childcare that should have been free.Tiago Gomes’s daughter was eligible for government-funded childcare at the Lake House day nursery and preschool in Bristol but he was told that he must pay an extra compulsory fee for “consumables”. Continue reading... Source link : https://www.theguardian.com/money/2025/jul/12/father-refund-nursery-in-england-fees-investigation Author : Shane Hickey Publish date : 2025-07-12 06:00:00 Copyright for syndicated content belongs to the linked Source.

Judge issues temporary block in seven counties including Los Angeles after lawsuit accuses government of systematically targeting brown-skinned peopleA federal judge has ordered the Trump administration to halt indiscriminate immigration stops and arrests in seven California counties, including Los Angeles.Judge Maame E Frimpong on Friday blocked the administration from using what has been called unconstitutional tactics in raids after a lawsuit was filed by immigrant advocacy groups last week. Continue reading... Source link : https://www.theguardian.com/us-news/2025/jul/12/trump-administration-ordered-to-halt-indiscriminate-immigration-stops-in-california-over-racial-profiling-concerns Author : Associated Press Publish date : 2025-07-12 03:24:00 Copyright for syndicated content belongs to the linked Source.

Finance department says advertising not paused during or after AI bot’s ‘MechaHitler’ outburst, as antisemitism envoy praises Musk-owned platform for ‘rooting out hate’Get our breaking news email, free app or daily news podcastThe Australian government has continued advertising on X after its AI chatbot Grok praised Hitler and made antisemitic comments, despite earlier pausing ads on the platform after Elon Musk’s takeover.The prime minister, Anthony Albanese, among other federal politicians, has also continued posting on X, after launching a proposed plan to combat antisemitism in Australia this week.Sign up for Guardian Australia’s breaking news email Continue reading... Source link :

Preliminary investigation into accident in Ahmedabad in June also contains details of pilots discussing the switchesFuel to the engines of the Air India plane that crashed and killed 260 people last month appears to have cut off seconds after the flight took off, a preliminary report has found.Air India Flight 171 crashed into a densely populated residential area in Ahmedabad on 12 June, killing 241 passengers and 19 others on the ground. Continue reading... Source link : https://www.theguardian.com/world/2025/jul/11/engine-fuel-switches-cut-off-before-air-india-crash-that-killed-260-report-finds Author : Nadeem Badshah and agency Publish date : 2025-07-11 22:26:00 Copyright for syndicated content belongs to the linked Source.

President and wife joined by Texas governor Greg AbottThe US state department is firing more than 1,300 employees in line with the Trump administration’s reorganization plan initiated earlier this year. The department is sending layoff notices to 1,107 civil servants and 246 foreign service officers with domestic assignments in the US, a senior state department official told the Associated Press. Foreign service officers affected will be placed immediately on administrative leave for 120 days, after which they will formally lose their jobs, according to an internal notice obtained by the AP. For most affected civil servants, the separation period is