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Starmer makes costly concessions to rebel MPs as he nears deal on welfare cuts
PM tries to fend off uprising by more than 120 Labour MPs over ‘brutal’ reforms
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After denying reports of BP takeover, Shell is legally barred from making an offer for six months—and there are no other suitors in sight
A theoretical Shell-BP combination would carry debt and antitrust issues while requiring greater layoffs and divestments.
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Stock markets touch record highs in sharp turnaround from April trough
The S&P 500 flirted with a new record on hopes of interest rate cuts.
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Former OpenAI researcher Lucas Beyer pours cold water on $100 million Meta signing bonus
“We did not get 100M sign-on, that’s fake news,” the AI researcher posted on X.
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How the next financial crisis starts
The climate shocks that could trigger wider market turmoil
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A defeat Keir Starmer cannot afford
Retreat on welfare cuts is a blow to the UK prime minister’s authority
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Some EU leaders can’t live with Trump — others can’t live without him
Maga’s ‘second American revolution’ has inspired European politicians on both left and right to rebrand themselves
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AI returns have not yet justified investment mania
The hope (and hype) is as powerful as ever but it is hard to see where the needed revenues will come from