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Today News

05

Hizbollah walkie-talkies explode in Lebanon in second day of blasts

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20 dead and at least 450 wounded in explosions a day after thousands of pagers detonated

02

UK’s health-related benefits bill rose to £48bn in 2023-24, research finds

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Such welfare spending has increased faster in Britain than in comparable nations, IFS says

01

Trump says half-point rate cut shows US economy is ‘very bad’

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Former president adds that central bank could be ‘playing politics’ as it reduces interest rates ahead of election

Big Fed rate cut leaves little changed in stock and bond markets

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The rare half-point rate reduction was baked into the rally last week and led to a mild sell-off afterward

Wednesday, Sep 18

00

Teamsters withhold endorsement as poll shows members favour Trump

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Powerful union says neither Kamala Harris nor her rival committed to put workers before big business

23

UK employers to retain the right to place new hires on six-month probation

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Government settles on compromise over employment reforms promised by Labour in election campaign

21

Rolls-Royce wins pioneering deal to build mini nuclear plants in Czech Republic

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Partnership with state utility ČEZ could prove key test of whether technology can live up to potential

Fed cuts rates by half a point and signals era of easing has begun

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US central bank’s decision marks a milestone in its two-year fight against inflation

Asda’s woes deepen after co-owner of UK’s third-largest supermarket steps back

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Mohsin Issa will relinquish responsibility amid faltering performance, with former M&S boss Stuart Rose stepping in

PJT Partners expands with deal for Dubai-based boutique

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Paul Taubman advisory firm to buy former Morgan Stanley banker May Nasrallah’s deNovo Partners

20

Keir Starmer faces adviser revolt as Sue Gray’s salary tops his own

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UK prime minister’s chief of staff on £170,000 a year after post-election pay bump

SEC cuts tick size for stock market trades to a half penny

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Regulator softens complex initial proposal after industry pushback

Global police dismantle encrypted messaging app used by criminals

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Ghost platform was used to distribute drugs and order hits by gangs in many countries

Hizbollah reels after mass device detonations

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Blasts ‘exposed just how vulnerable Hizbollah truly is’, says person familiar with militant group’s thinking

19

JPMorgan appoints banker to oversee juniors’ ‘wellbeing’

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Appointment comes as industry working conditions come under fresh scrutiny

18

Grant Thornton US among shortlist of bidders for UK franchise

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Buyout firms EQT and Permira are also in the running for the mid-tier accountancy firm

UK regulator pushes banks to give savers better value even as rates fall

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FCA warns it will take action against any lenders that flout rules to protect depositors

EU slashes €200mn of budget payments to Hungary

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Brussels launches procedure against Viktor Orbán’s government after it misses deadline to pay fines

EU weighs expanding sanctions on exports to Russia

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Officials consider proposal to crack down on shipments to Moscow from European company subsidiaries based overseas

17

IMF scraps mission to Moscow after objections from Kyiv’s allies

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Fund’s executive director for Russia suggests decision was prompted by pressure from European countries

From Taipei to Budapest: the mysterious trail of exploding pagers

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Supply chain of devices involved in audacious attacks in Lebanon spans three continents

16

The market looks ahead to the Fed’s rate cut

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Investors are betting on 50 basis points and expect a soft landing for the economy

Italian PM Meloni condemns EU’s green rules for struggling auto industry

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Prime minister calls ban on new fossil-fuel engines from 2035 ‘self-destructive’

Post Office chief resigns after stint overshadowed by scandal

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Nick Read has faced criticism for accepting bonuses while wrongfully convicted staff struggled to get compensation

India overtakes China in world’s biggest investable stock benchmark

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Red-hot Indian equities propel country past China weighting in MSCI All-Country index

15

Blanked or rejected: is finding a job harder than ever?

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White-collar candidates report endless interviews and few responses but employers are also struggling to fill roles

14

London house prices underperform rest of UK, ONS data shows

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Rents in capital rise faster than in other regions

Trump, Vance and American blood and soil

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A myth about migrants eating pets masks a calculated political bet

13

Westminster’s big two and the new race for political space

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The UK’s duopoly of Labour and Conservatives has never looked more vulnerable