NTSB agents arrive in Louisville to investigate what caused engine to fall off UPS cargo plane and left wing to catch fire The death toll from the UPS cargo plane that exploded into a fireball in Louisville on Tuesday night has risen to 12, said Craig Greenberg, the city’s mayor. At least 15 people were … Read more
Speech attempts to take back narrative with talk of ‘years of economic mismanagement’, Brexit and tariffs There were two audiences for Rachel Reeves’s hastily arranged early morning speech on Tuesday: the financial markets, and Labour’s disillusioned voters. As she made clear, though only obliquely, Keir Starmer’s government was considering abandoning its pre-election pledge not to … Read more
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
Drop in US, Asia and Europe follows warning from bank bosses that market correction could lie ahead Global stock markets have fallen sharply amid concerns that a boom in valuations of artificial intelligence (AI) companies could be rapidly cooling. Markets in the US, Asia and Europe have fallen after bank bosses warned a serious stock … Read more
Since the 1990s, high fashion has sprinkled stardust on the high street – now collabs also help struggling designers When the boss of Marks & Spencer reported a drop in clothing sales in its latest half-year results on Wednesday, he was keen to stress the problems were down to spring’s devastating cyber-attack and “not due … Read more
Research uses eye-tracking data to examine some people’s extraordinary recognition ability They have been used in the search for the Salisbury novichok poisoners, finding murder suspects and even spotting sexual predators. Now, research has revealed fresh insights into why super-recognisers are so good at identifying faces. Previous research has suggested people with an extraordinary ability … 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
US technology company’s engineers want to exploit solar power and the falling cost of rocket launches Google is hatching plans to put artificial intelligence datacentres into space, with its first trial equipment sent into orbit in early 2027. Its scientists and engineers believe tightly packed constellations of about 80 solar-powered satellites could be arranged in … Read more