Trump blocked from sacking Fed official in landmark Supreme Court ruling June 29, 2026 A landmark ruling from the US Supreme Court has underlined the independence of the country’s central bank by blocking President Donald Trump from dismissing a Federal Reserve official. The knife edge five-to-four decision was handed down on Monday. It ruled that Trump cannot fire Lisa Cook as a Fed governor, a post she has held since 2022. [...]
Enzo Maresca pays Chelsea compensation to become Manchester City manager June 29, 2026 Manchester City have confirmed the appointment of Enzo Maresca as manager – but only after he personally paid compensation to former club Chelsea. City are themselves reported to have paid £17m to the Blues in order to secure Maresca’s signature on a three-year contract, but Chelsea have made clear that the Italian was also forced [...]
Google ‘disappointed’ as Youtube swept into UK social media ban June 29, 2026 Google has said it is “disappointing” that Youtube has been included in the government’s planned ban on social media for under-16s, warning the measures risk cutting children off from one of the internet’s biggest educational resources. The rebuke forms the firm’s strongest response yet to Keir Starmer’s plans to prohibit children under 16 from using [...]
Yoti boss warns social media ban needs tougher age-check standards June 29, 2026 The chief executive of digital identity giant Yoti has urged ministers to introduce minimum standards for age verification, warning the government’s proposed social media ban for under-16s risks falling short without clearer rules on how platforms check users’ ages. The intervention comes after Keir Starmer announced plans to block children under 16 from accessing major [...]
‘Nearing a turning point’: Reinsurers set to pay out as climate disasters loom June 29, 2026 The insurance industry is bracing for severe losses in the next financial year as global natural disasters trigger higher claims from consumers. Morningstar analysts predict reinsurance earnings to peak over the course of 2026, arguing that the industry is currently at the bottom of a low-loss weather cycle, meaning it is seeing the end of [...]
Frank McCourt-backed Premier Jumping League raises £37m from first team sale June 29, 2026 The Premier Jumping League has raised $50m (£38m) from the first sale of a team in the new showjumping competition backed by former LA Dodgers owner Frank McCourt. The team, which will be one of 16 in the PJL when it launches next year, has been bought by US investor and racing driver Jason McCarthy. [...]
Streeting tax policies could cost the Treasury nearly £8bn June 29, 2026 Adopting Wes Streeting’s plans to hike capital gains tax could cost the Treasury billions of pounds and lead to a reduction in retail investment, new analysis suggests. Last month, Streeting, who is reportedly in the running to succeed Rachel Reeves as Chancellor should Andy Burnham enter No 10, proposed that capital gains tax (CGT) should [...]
AI data centre race reaches rural Devon as Xlinks eyes £3.6bn campus June 29, 2026 Britain’s race to build the infrastructure underpinning AI is moving beyond its traditional data centre heartlands, with Xlinks unveiling plans for a £3.6bn AI campus in north Devon as developers search for land and grid capacity. The energy developer, whose Morocco-UK power project was shelved by the government earlier this year, wants to build a [...]
‘Anti-growth’: Labour blocks City of London skyscraper plans June 29, 2026 The government has been branded “anti-growth” by the City of London Corporation after a minister blocked plans to build tall buildings near the Tower of London. In a letter to planning chiefs, the housing minister Matthew Pennycock said the authority for the Square Mile should not be able to go ahead with its skyscraper plans [...]
Is Andy Burnham a left-wing Liz Truss? June 29, 2026 Say what you like about Andy Burnham (and I intend to say a lot) but he’s not short on ambition. Armed with a single by election victory he now intends to oversee “the biggest change in our lifetime to the way Britain is run.” The PM-in-waiting had popped down to London for some selfies before [...]