Chancellor Rachel Reeves has raised concerns over petrol pump profiteering and has officially put regulators on 'high alert' regarding this issue. In response to rapidly rising fuel prices, she has summoned key stakeholders, including fuel retailers and energy suppliers, to Downing Street for crucial discussions to address the situation.
Chancellor Rachel Reeves is poised to award a crucial contract to Italian defence company Leonardo, securing the future of Britain's last military helicopter manufacturing site and safeguarding 3,000 jobs. A Treasury source confirmed on Friday that the deal will prevent the closure of Leonardo's Yeovil facility in southwest England, which the firm had threatened without a new agreement.
As Victoria DeLuce, senior vice president of home equity lending at Rate and a speaker at HousingWire's Housing Economic Summit, states in a recent interview, the Trump administration is paying attention to the affordability crisis and the industry is also ready to step in to address it. DeLuce will join John Toohig, head of whole loan trading at Raymond James, on stage at the Housing Economic Summit to discuss housing opportunities and risks through the lens of capital markets.
Over the past few weeks, the White House has rolled out a blitz of proposals that sound more like something out of Bernie Sanders', Elizabeth Warren's, or Zohran Mamdani's offices than a Republican administration. Trump has called for institutional investors to be banned from buying single-family homes, and he's sought to block military contractors from undertaking stock buybacks and issuing dividends unless they step it up on production. He's also revived a pledge from the campaign trail to cap credit card interest rates at 10%.
Two Palestine Action-affiliated prisoners taking part in a hunger strike have been taken to hospital, as their next of kin and MPs expressed concern over prison conditions and called for immediate government intervention. Amu Gib, 30, who was being held at HMP Bronzefield in Surrey while awaiting trial, is on day 50 of the hunger strike and 28-year-old Kamran Ahmed was being held at Pentonville prison in London and on day 42 of his hunger strike.
In China, you can buy a heavily discounted "used" electric car that has never, in fact, been used. Chinese automakers, desperate to meet their sales targets in a bitterly competitive market, sell cars to dealerships, which register them as "sold," even though no actual customer has bought them. Dealers, stuck with officially sold cars, then offload them as "used," often at low prices.
The government has said it is "doing everything in our power" to overturn a ban on Maccabi Tel Aviv fans attending a football match in Birmingham and is exploring what additional resources could be required.
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging. At such a critical moment in US history, we need reporters on the ground.
The speed of that displacement could require government intervention to help support the workforce, executives said. What they're saying: "As with most things, when an exponential is moving very quickly, you can't be sure," Amodei said. "I think it is likely enough to happen that we felt there was a need to warn the world about it and to speak honestly." Amodei said the government may need to step in and support people as AI quickly displaces human work.
Some of his initiatives are pure Ronald Reagan, such as his corporate-income tax cuts and deregulation efforts targeted at oil and gas. Some of his interventions would impress a Democratic Socialists of America chapter, such as demanding a public stake in Intel, requesting 15 percent of revenues from Nvidia's chip sales to China, and securing a "golden share" of U.S. Steel to retain veto power over its decision making.
In his second term, the president is embracing perhaps the most sweeping expansion of federal power since that of Franklin D. Roosevelt: bullying state governments, using military force if necessary; telling private institutions, including media corporations and universities, how to operate; extorting law firms into doing free work for the government; and, in the latest escalation, taking a stake in the tech firm Intel.
Liberty Speciality Steel has collapsed into administration after a winding-up petition in the High Court, placing one of the UK's most strategically important steelmaking businesses under government control. The South Yorkshire-based company, which employs around 1,450 people, will now be managed by special officials appointed by the Government's Official Receiver. Liberty Speciality Steel supplies high-grade steel products to critical sectors including aerospace, defence, power generation, oil and gas, and rail.
Ministers have lined up special managers to run Liberty Steel's South Yorkshire operations if they are put into administration, according to a dramatic revelation at London's high court. The development shows the government is ready to step in immediately to secure the continued operations of the Speciality Steel UK (SSUK), which employs 1,450 people at the group's operations at an electric arc furnace in Rotherham and another plant in Stocksbridge, both in South Yorkshire.
The strategy outlines a clear set of interventions that break with economic orthodoxy by re-establishing the government as investor of first resort, risk absorber and catalyst of structural transformation.
"This is an attempt to rewrite history, whitewash history. Eliminate the stories of critical contributors to history," said Dennis Arguelles with the National Parks Conservation Association.
Fifteen Labour MPs rebelled against the government on Monday night to back an amendment by Labour's Chris Hinchliff to the planning and infrastructure bill that would have imposed new environmental obligations.
The government has intervened in the planning of two major reservoir projects in East Anglia and Lincolnshire, transferring authority to ensure efficient construction amidst water supply concerns.
Being here and seeing the youth here, the youth hockey players that came out tonight, seeing their gratitude because this place was at risk of being closed down.
