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Today News

16

UK charges man with hostile activity to benefit Russia

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Four others have also been charged in connection with the case

Microsoft’s cloud sales receive a boost from AI

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Tech group’s shares up 3% a day after better than expected earnings report

Abu Dhabi-backed RedBird IMI set to withdraw from Telegraph takeover

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Resulting auction process expected to attract bidders including Rupert Murdoch and hedge fund boss Paul Marshall

Is it too late to invest in the gold rush?

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Demand from China drove prices to a record high this month — now many suspect the normal rules no longer apply

Science is closing in on the frailties of old age

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Research is finding ways to extend animal lifespans but regulators are still wary of treating ageing as a disease

15

Fed’s preferred inflation metric rose to 2.7% in March

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Figures come day after first-quarter data prompted investors to push back rate cut expectations

G7 to target sixfold expansion of electricity storage

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Batteries and other solutions aim to store wind, solar and hydropower to make up for intermittent supply

Xi tells Blinken US should avoid ‘vicious competition’ with China

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Secretary of state’s trip to Beijing comes as tensions remain over Taiwan, war in Ukraine and tech export controls

Yen sinks to 34-year low after Bank of Japan holds interest rates near zero

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Governor Kazuo Ueda says weakening currency is having ‘no major impact’ on underlying inflation

14

Diamonds won’t be forever unless miners make them sparkle

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The natural jewels have lost their old mystique because carbon crystals can be grown in labs

Pet Shop Boys: ‘It worked out quite well’

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The most successful British pop duo in music history on tantrums, touring when you turn 70 — and why it feels unreal to hang out with Liza Minnelli

13

Exxon and Chevron profits dragged down by weaker gas prices

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Quarterly results signal pullback from bumper earnings in past two years

Thames Water bondholders demand emergency summit with troubled group

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Creditors holding £5bn of debt have been spooked by default of parent company this month

Argentine households face financial crunch as markets cheer Javier Milei

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Investors say president’s austerity measures are needed before economy turns the corner

12

Former PR adviser handed 3-year insider trading sentence in ‘breakfast trust’ trial

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Defendant made more than €14mn in profit using tips from Perella Weinberg banker

Nomura profits soar as Japan’s stock market breaks bubble-era record

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Investment bank and brokerage boosted by surging stock and fixed-income trading

11

Thoma Bravo to buy UK-listed Darktrace for £4.3bn

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Offer comes less than two years after private equity group held talks about buying cyber security company

Anglo American rejects ‘highly unattractive’ BHP offer

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UK-listed company says Australian miner’s £31bn bid ‘significantly undervalues’ it

The Scottish Play gets bloody

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Humza Yousaf battles for political survival, plus where rail privatisation veered off track

10

CVC shares jump in trading debut after long-awaited IPO

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Private equity group says €2bn offering oversubscribed multiple times, in sign of strong investor appetite

Why South Africa is Anglo American’s ‘poison pill’

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BHP, whose £31bn bid for Anglo has been rejected, faces fraught politics and complicated history in the country

NatWest profits fall 27% as interest rate benefits fade

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UK bank’s shares up nearly a third this year as lender moves on from scandal over closure of Nigel Farage’s account

07

Big asset managers adopt ‘vulture’ tactics in distressed debt fights

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Loosening credit agreements mean traditional investors who once could avoid messy legal battles are having to evolve

Inside the UK’s failing plans to ‘level up’ left-behind towns

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The promise of billions in regeneration funding helped Boris Johnson win power in 2019. But critics say little has changed on the ground

The Anglosphere has an advantage on immigration

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English-speaking countries generally do better at both attracting and integrating talent

A disappearance in Xinjiang

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What became of famed Uyghur academic Rahile Dawut?

IG Group clients hit by refund errors

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Company blames ‘technical issue’ for money being removed from accounts

Military briefing: Russia’s narrowing advantage in Ukraine

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Moscow’s forces are unlikely to succeed in a massive offensive this year

Reform UK’s unusual structure with Nigel Farage in the middle

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Farage insists he is not a politician — but within the rightwing populist party, he is kingmaker