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Today News

02

Uber faces £250mn lawsuit from London’s black-cab drivers

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Legal action set to revive long-simmering battle between US ride-hailing giant and UK capital’s taxi trade

01

Ex-Pioneer boss to be barred from ExxonMobil’s board by US regulator

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FTC expected to raise concerns over Scott Sheffield’s messages with Opec as it moves to approve $60bn deal

Wednesday, May 1

00

UCLA cancels classes as clashes over Gaza war spread across US campuses

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New York City mayor blames ‘outside agitators’ for escalating protests at Columbia University

23

Cruise line Viking has buoyant debut in year’s second-largest US IPO

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Company backed by TPG rises 9% on first day to bolster hopes for private equity exits

Embraer explores options for aircraft to rival Airbus and Boeing

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Brazilian aerospace group studies plans for narrow-body passenger plane or long-range business jet

Donation to Welsh first minister should be probed, says Rishi Sunak

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But motions criticising Vaughan Gething are defeated in the Cardiff Senedd

Trade unions warn Labour to honour pledges to boost UK workers’ rights

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Promise of hostile reaction to any dilution of ‘New Deal’ as party prepares to water down proposed reforms

22

Harvey Weinstein will be retried after rape conviction overturned

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Disgraced film mogul’s conviction in New York had been thrown out on appeal

Fed chair Powell signals that rates will remain higher for longer

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US central bank says there has been a ‘lack of further progress’ towards 2% inflation goal

Georgia cracks down on pro-EU protesters in Russia pivot

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Clashes come after rare appearance by ruling party founder Bidzina Ivanishvili criticising the west

21

Antony Blinken tells Israel and Hamas that ‘time is now’ for a deal

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Secretary of state says militant group must accept latest proposal but reiterates US opposition to Rafah offensive

Interest earned by big UK high street banks on BoE reserves surges to £9.2bn

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MP highlights scale of lenders’ ‘unanticipated income’ in 2023, but acknowledges some progress towards better savings rates for consumers

20

UK Home Office detains asylum seekers destined for Rwanda

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‘Large-scale’ operation in anticipation of first removals to Kigali comes as civil service union seeks judicial review

US includes Chinese groups in sanctions over aid to Russian military

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Latest measures come as Washington steps up support for Ukraine

Scotland’s government survives no-confidence vote

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Seventy MSPs vote against Labour leader Anas Sarwar’s motion, with 58 voting in favour

19

Johnson & Johnson talc settlement shows limits of bankruptcy tactics

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Real progress comes when both sides accept the other has something valuable to exchange

Smith & Nephew grants CEO 30% pay rise despite shareholder revolt

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AGM vote sees 43% come out against a hike of $2.6mn for Deepak Nath if he hits targets

›Marjorie Taylor Greene moves to oust Republican Speaker Mike Johnson

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Firebrand Georgia congresswoman calls for vote on motion next week, deepening party’s civil war

Poland probes state oil group’s Swiss subsidiary for alleged Hizbollah links

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Orlen Trading Switzerland investigated for losses on trades and potential connections to Iran-backed group

The limits of what high interest rates can now achieve

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We need to be realistic about what monetary policy can and cannot do

18

Johnson & Johnson proposes $6.5bn deal to settle talc cancer lawsuits

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Drugmaker could fast track subsidiary’s bankruptcy process if 75% of claimants vote in favour of new plan

17

BBVA reveals Sabadell bid valuing rival at €12bn

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Terms of takeover bid to create Spanish banking giant set out during public holiday

16

Ofcom investigates OnlyFans over children’s access to adult content

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UK watchdog steps up regulation of video-sharing sites as platform used by sex workers comes under scrutiny

15

Mayoral elections mark milestone for English devolution

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Candidates and voters prioritise local issues over national party politics ahead of Thursday vote

Ireland breaks up asylum seeker ‘shantytown’ amid dispute with UK

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Tent city emerged after Dublin ceased offering housing to single individuals and sought to return migrants to Britain

Houthis extend attacks on shipping to wider Indian Ocean

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Maritime experts see new round of threats from Yemen after drone strike on container vessel

14

Paul Auster, novelist, 1947-2024

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Prolific author who combined formal experimentation with popular appeal and was a fixture of the New York literary scene

The second coming of Ed Miliband

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Labour’s shadow energy secretary could be among the most powerful — and radical — of Starmer’s close allies