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Today News

23

AI boom drives global stock markets to best first quarter in five years

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MSCI index of world stocks rises 7.7% as optimism about US economy offsets expectations of slower interest rate cuts

21

Trafigura bribery details laid out in $127mn guilty plea agreement

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US prosecutors say trading house paid Brazilian officials to keep its business with state oil group

20

Top UN court orders Israel to ensure more aid reaches Gaza

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ICJ says famine ‘setting in’ as war against Hamas in Palestinian enclave enters sixth month

19

AI boom broadens out across Wall Street

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Reflected glory of chipmaker Nvidia has caused other stocks to surge

UK to cut stock settlement times from 2027

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Government approves timetable for the City to join global push to upgrade market plumbing

Grant Thornton partner pay jumps 11% despite growth slowing

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Rise in operating profits by a fifth was a result of ‘one-off’ property-related income

18

Crypto lobbyists are on manoeuvres — and we should be worried

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The scale of the campaign the industry is unleashing ahead of the US election is striking

Ministers move to delay end of ‘no fault’ evictions in England

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Promise to scrap ‘section 21’ notices was 2019 Tory party manifesto pledge

Lloyd’s of London chief calls for quick insurance payouts on Baltimore bridge

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Head of London market says disaster may produce largest maritime claim in history

17

FTX founder Sam Bankman-Fried sentenced to 25 years in prison for fraud

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US court’s judgment caps the dramatic downfall of one of crypto’s most prominent stars

UK nuclear watchdog takes Sellafield operator to court over alleged IT breaches

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Office for Nuclear Regulation says ‘no suggestion’ public safety has been compromised

Valentino appoints ex-Gucci designer Michele as creative director

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Announcement comes a week after his predecessor said he would leave Italian couture house

Seventeen killed on deadliest day of Israel-Hizbollah conflict

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Cross-border fire has ramped up in recent days, fuelling concerns about a broader regional war

Trump aims to outraise Biden-Obama event with $33mn fundraiser

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US president’s team says rival star-studded New York gala on Thursday will pull in $25mn

Oxford-Cambridge Boat Race to go ahead despite ‘dangerous’ pollution

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Organisers say teams have been briefed to ensure they are ‘as safe as possible’ after high levels of E. coli found due to sewage discharges

Thames Water enters its end game

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The utility’s nine shareholders and regulator Ofwat have moved firmly beyond bluff tactics

Thames Water shareholders signal readiness to take £5bn hit

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Investors say regulatory conditions make utility’s business plan ‘uninvestable’

15

German historians accuse Scholz’s SPD of appeasing Russia

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Social Democrats’ equivocal stance towards Moscow over Ukraine war causes problems for chancellor

14

Lloyd’s of London attracts biggest ‘Names’ syndicate since 1990s

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Specialist insurance market is looking to rebuild a base among private investors

Poland sacks Nato-EU battlegroup chief over counter-intelligence issue

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Warsaw investigates ‘personal security clearance’ of Jarosław Gromadziński after his dismissal as commander of Eurocorps

Crypto group Copper launches review after ‘embarrassing’ sushi party

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Digital assets firm chaired by Philip Hammond apologises after guests served food from the bodies of partially naked models

Teesside body faces potential £4mn legal bill after losing access case

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High Court finds regeneration group had believed it could extract ransom payment from Brookfield-owned port

Singapore has lessons for countries worrying about debt

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Tight fiscal rules can prevent the kind of investment which has helped the city state to thrive

New oil and gas projects expected to grow despite IEA warning

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New oil and gasfields are expected to grow fourfold by the end of the decade, according to a new tracker

13

Angela Rayner refuses to publish tax records as police probe house sale

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Opposition party’s deputy leader issues challenge to Tories: ‘You show me yours, I’ll show you mine’

We can end the culture wars

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The conflict seems unending, but a peace treaty is possible

AI advertising start-up valued at $4bn after fundraising

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The Brandtech Group will use funds to disrupt industry with machine-generated content and artificial intelligence

11

Bleak Tory mood enlivens talk of summer election and confidence vote

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PM likely to land in trouble after May but chances of a leadership ousting are slim

10

Official data confirms UK economy slipped into recession last year

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Figures offer little cheer to Rishi Sunak as his Conservative party trails heavily in opinion polls