The chancellor appears to believe voters will forgive a broken promise in return for meaningful investment In April 1975, the Labour chancellor Denis Healey sought to grip the UK’s runaway inflation and rising unemployment rates – an economic crisis triggered by the shock rise in global oil prices – by raising the basic rate of … Read more
Justices grill administration over imposition of steep duties as Sotomayor says: ‘I just don’t understand this argument’ The US supreme court appeared skeptical of the legal basis of the Trump administration’s sweeping global tariff regime on Wednesday after justices questioned the president’s authority to impose the levies. Justices heard oral arguments on Wednesday morning on … Read more
Novo Nordisk cuts sales and profit forecasts as it continues to lose ground to Mounjaro firm Eli Lilly The maker of Ozempic and Wegovy has cut its sales and profit forecasts as it continues to fall behind in the competitive market for obesity and diabetes treatments. Novo Nordisk’s chief executive, Mike Doustdar, who took the … Read more
Regulator found ads for mechanics skewed towards men while those for preschool teachers targeted women The French equalities regulator has declared that Facebook’s algorithm for placing job adverts is sexist, after an investigation found that adverts for mechanic roles skewed towards men while those for preschool teachers were targeted at women. The Défenseur des Droits … Read more
Allowing three-storey townhouses and apartments to be built across all residential land would unlock more than 1m homes in Sydney alone, according to modelling Homes could be $100,000 cheaper over a decade if Australia’s capital cities dramatically overhaul their zoning rules to allow three-storey townhouses and apartments to be built on all residential land, according … Read more
‘Releasing MRFF funds not only secures the future of Australia’s research sector; it delivers better health outcomes’, Kooyong MP says Australian scientists and independent MP Monique Ryan are urging Labor to speed up funding for cutting-edge Australian medical innovation, taking advantage of the growing vacuum caused by Donald Trump’s gutting of government-funded research in the … Read more
Former Malaysian prime minister Mahathir Mohamad said the deal amounted to ‘handing over’ the country’s independence Malaysia’s government has been forced to defend its new trade deal with the US after opposition politicians, analysts and civil society groups warned that the deal was “one-sided” and could compromise the country’s sovereignty. Investment, trade and industry minister … Read more
Budget envisions significant increase in defence spending, cuts to civil service and ‘generational investments’ A protracted trade war with the United States and a weakening domestic economy has forced Mark Carney to run a deficit tens of billions larger than initially forecast in his first-ever federal budget. The spending plan, titled “Canada Strong” envisions significant … Read more
Obama said ‘the future looks a little bit brighter’ while the House speaker lied about New York mayor-elect’s policies Left-leaning Americans awoke to a rare recent moment of political celebration with Democratic victories in several elections across the country, led by the election of Zohran Mamdani as the next mayor of New York, while Republicans … Read more
Amazon accuses Perplexity of covertly accessing customer accounts and disguising AI activity as human browsing Amazon sued a prominent artificial intelligence startup on Tuesday over a shopping feature in the company’s browser, which can automate placing orders for users. Amazon accused Perplexity AI of covertly accessing customer accounts and disguising AI activity as human browsing. … Read more