Shell weighs BP takeover bid May 5, 2025 Shell is reportedly weighing a takeover bid for struggling rival BP in what could lead to one of the biggest deals in the history of the oil and gas industry. The oil major is understood to have appointed advisers in recent weeks to discuss the feasibility of a move for BP, which could lead to [...]
Luton Airport appoints former Labour cabinet minister as new chair May 5, 2025 Luton Airport has appointed former Labour cabinet minister and peer Lord John Hutton as chair as it presses ahead with plans to significantly expand capacity. Lord Hutton served in both Tony Blair and Gordon Brown’s cabinets as Secretary of State for Defence, Business and in the Department for Work and Pensions, where he led initiatives [...]
Starmer speaks to Australian counterpart after ‘historic election win’ May 4, 2025 Sir Keir Starmer has spoken to Anthony Albanese after the Australian leader won a second term with his centre-left government. The Prime Minister congratulated Albanese on Sunday morning for his “historic election win” after he became the first Australian prime minister to win a second consecutive three-year term in two decades. “Australia and the UK [...]
Donald Trump says he does not know if he backs due process rights May 4, 2025 Donald Trump has refused to affirm his intention to uphold due process rights laid out in the US constitution. In a new interview, the US president also said he does not think military force will be needed to make Canada the “51st state” of the US, and played down the possibility he would look to [...]
UK police arrest seven Iranians in counter-terrorism probes May 4, 2025 Counter-terrorism police have arrested eight men, seven of whom are Iranian nationals, in two separate investigations, the Metropolitan Police said on Sunday. On Saturday, five men, four of whom are Iranian nationals between the ages of 29 and 40, were detained on suspicion of terrorism offences over a plot to target a specific premises. The [...]
Israeli cabinet ministers to vote on whether to expand Gaza fighting May 4, 2025 Israeli cabinet ministers are meeting to vote on whether to intensify military operations in the Gaza Strip, as the army began to call up thousands of reserve soldiers, officials said. Plans to escalate fighting in Gaza more than 18 months after the war erupted come as a humanitarian crisis in the territory deepens. As part [...]
Warren Buffett set to resign as CEO of Berkshire Hathaway May 4, 2025 Warren Buffett is set to step down as CEO of Berkshire Hathaway at the end of the year, marking a surprise ending to his 60 year career as the ‘Oracle of Omaha’. The famed American investor said he will recommend to the company’s board that Greg Abel, chair of Berkshire Hathaway Energy, should take over [...]
Bank of England set to cut interest rates as US tariffs in focus May 4, 2025 UK interest rates are set to be cut to 4.25 per cent as the Bank of England eases costs for borrowers while it digests the impact of US tariffs on the economy. Most economists are expecting rates to be reduced by 0.25 percentage points on Thursday. Sandra Horsfield, an economist for Investec, said it is [...]
Free Thinking: Will Trump’s Gen Z baby bonuses boost birth rates? May 2, 2025 Alys Denby and best-selling author of Inheritocracy Eliza Filby discuss the prospects for young people growing up in an uncertain economy as Donald Trump marks 100 days in office.
Ministers urged to seek tariff exemption for aircraft and engines May 2, 2025 Ministers have been urged to seek an exemption from US tariffs for civil aircraft and engine parts as the aerospace industry grapples with how to handle Donald Trump’s levies. ADS, which represents members of the UK’s aerospace supply chain, warned disruption to an already-under-pressure supply chain would impact aircraft deliveries in the coming months. Manufacturers [...]
