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Economics at theguardian.com

Today News

20

Top House Democrat demands answers on Trump dinner with oil executives – live

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Jamie Raskin writes to nine executives after report says Trump promised to repeal regulations if they each gave $1bn to campaign

UK is failing to put climate crisis at centre of national security measures, MPs told

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Experts say changing climate is ‘threat multiplier’ and that US and Germany already include it in planning

Nearly 40% of dirty money is laundered in London and UK crown dependencies

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Deputy foreign secretary urges Cayman and British Virgin islands to implement UK law requiring public registers of funds

Sunak’s food security plan fails to fix immediate problems, says farming chief

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National Farmers’ Union president warns food production is likely to drop next year and says farmers need help right now

GameStop and AMC shares surge amid volatile market frenzy

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Cryptic posts by ‘Roaring Kitty’ prompt flurry of speculation and boost shares in a string of meme stocks, including BlackBerry

19

Michael Cohen tells court he paid Stormy Daniels to influence 2016 election ‘on behalf of Trump’ – live

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Cohen tells trial he would not have paid Daniels the money if Trump had not been running for president; Cohen says he regrets lying for Trump

Labour and unions reach agreement on workers’ rights proposals

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Labour commits to deal agreed last year, following weeks of tension over possible ‘watering down’

Tesco CEO’s near £10m pay a ‘slap in the face’ for struggling workers, union says

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Package for Ken Murphy more than double the previous year, and more than half relates to long-term bonus

18

Law professor says Tesla threatened to fire law firm over Musk’s huge payout

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Charles Elson accused EV company of strong-arming law firm where he consulted over his legal brief opposing Musk’s pay

Anglo American to sell famous diamond business De Beers in breakup plan

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UK mining company reveals breakup plan in bid to avoid takeover by Australia-based BHP

Amazon Web Services chief to step down, veteran named successor

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The head of Amazon’s most profitable and fastest-growing division will leave the company on 3 June after three years

Jon Stewart on Senator Robert Menendez’s corruption charges: ‘How dumb is you?’

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Late-night hosts discuss America’s other major political corruption trial, Michael Cohen’s witness testimony and Trump’s praise of Hannibal Lecter

Mike Johnson skips vital US House session to support Trump in New York

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House speaker makes appearance outside court where former president is on trial over hush-money payments to adult film star

Police fire teargas at protesters and MPs brawl as Georgia passes ‘foreign agents’ bill

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Vote to adopt bill a ‘serious obstacle’ to Georgia’s bid to join EU, European Commission warns

17

Arizona supreme court delays enforcement of 1864 abortion ban

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Court grants motion to stay enforcement of near-total ban for 90 days as Democratic attorney general weighs next steps

16

Who is Michael Cohen and the other key players in Donald Trump’s hush-money trial?

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From David Pecker to Stormy Daniels, here are the central figures likely to play a key role in the criminal case

15

Ofgem considers reversing ban on cheaper deals for new energy customers

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Great Britain regulator says rule ‘no longer necessary for market stability’ and could be reducing competition

Bank of England chief economist hints at summer rate cut; Tesco CEO’s pay doubles to nearly £10m– business live

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Latest UK labour market report shows more people out of work, or economically inactive, but wage growth remains higher than inflation

Vauxhall owner to sell cheap Chinese EVs in UK and mainland Europe

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Stellantis deal with Leapmotor aims to cash in on imports as Biden imposes 100% tariff in US

Brawl breaks out in Georgia's parliament before vote on 'foreign agents' bill – video

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Georgian politicians came to blows in parliament on Tuesday ahead of a vote on a controversial 'foreign agents' bill that would require organisations receiving more than 20% of their funding from abroad to register as foreign influence…

14

Budget 2024 live: Jim Chalmers delivers federal budget speech – as it happened

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Nick McKim said he agrees with EY chief economist, Cherelle Murphy, who says that you can look after people without impacting inflation by taking the money you are spending on people who don’t need it, and redirecting it to people who do. …

Tell us your experience of wheelchair access in the UK

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We’d like to find out more about your experience of accessing wheelchairs via the NHS

13

First Thing: Biden announces 100% tariff on Chinese-made electric vehicles

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Increased levy to protect US makers from cheap imports likely to worsen trade tensions with Beijing. Plus, chaos on the set of Francis Ford Coppola’s Megalopolis

Federal budget 2024 – winners and losers summary

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While everyone’s a winner with the energy rebate, which applies to every household, there are certainly some losers

US support for abortion rights up four points to 60% since fall of Roe v Wade

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New polling data from Pew shows shift in Americans’ opinion since loss of constitutional right to abortion in June 2022

Pressure on Democrats as Republicans look to flip Maryland Senate seat

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Primary voters to cast ballots on Tuesday, and Republicans sniff a November victory after ex-governor Larry Hogan’s entry into race

12

2024 budget delivers minor surplus but deficits loom over economy as Australia’s spending ramps up

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Major shortfalls predicted over next two years as Jim Chalmers downplays potential for inflationary pressures

Biden announces 100% tariff on Chinese-made electric vehicles

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White House levy to protect US makers from cheap imports likely to inflame trade tensions

10

Tory party refers itself to watchdog over alleged data breach

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Party reportedly copied in more than 300 email addresses in appeal to supporters to sign up for conference

Union chiefs to hold showdown talks with Starmer over workers’ rights

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Alarm over Natalie Elphicke’s defection also expected to be raised in meeting with Labour leader