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President Joe Biden brushed aside fears that further US aid to Kyiv could be stymied by Republicans on Capitol Hill, as he touted Washington’s “unwavering support” for Ukraine in a press conference with UK prime minister Rishi Sunak. Responding to a question from the Financial Times, Biden said he believed the US would “have the

US president Joe Biden and UK prime minister Rishi Sunak agreed an “Atlantic declaration” to strengthen economic ties between the two countries on Thursday, in a further sign of the allies turning their back on globalisation and trying to cut China out of supply chains. The declaration aims to increase US-UK trade in areas such

Britain’s windfall tax on oil and gas producers is set to be scaled back as part of efforts to boost investment in the North Sea, according to three people briefed on the government’s plans. The chancellor, Jeremy Hunt, is expected to confirm plans to introduce a “floor” on the 35 per cent levy in the

Boris Johnson is poring over the findings of a probe into whether he lied to MPs about lockdown parties in Downing Street, as some allies fear he could face a sanction that triggers his potential eviction from parliament.  The former prime minister is being investigated by the Commons privileges committee over whether he misled parliament

Last month an event erupted online that should make any investor wince. A deepfake video of a purported explosion near the Pentagon went viral, after it was retweeted by outlets such as Russia Today, causing US stock markets to wobble. Thankfully, the American authorities quickly flooded social media with statements declaring the video to be

Kyiv has committed German-made tanks into battle against Russian positions in south-eastern Ukraine, launching the first heavily armoured assaults of its long-anticipated counter-offensive. Two army personnel, two western officials in Kyiv and military analysts said the moves were a clear sign that, after months of preparations and training, Ukraine’s summer push to liberate occupied territory

Billions of people will have a terrible time if the satellite communications networks encircling our planet ever go down. Mobile phones will stop chirping, navigation systems will crash, television screens will go dark and financial transactions will fail. The three most likely ways this might happen are: an intense geomagnetic storm resulting from a solar

Morgan Stanley on Thursday moved to sever ties with Crispin Odey’s Odey Asset Management in the wake of a Financial Times investigation that chronicled how the hedge fund manager evaded sexual assault allegations for decades. The bank has begun the process of terminating its prime broking relationship with Odey, according to people familiar with the

The UK government has introduced new sanctions against Belarus, targeting exports and internet propaganda, over Minsk’s continued support of Russia’s invasion of Ukraine. Legislation laid in the House of Commons on Thursday put the package of measures, dubbed “Belarus II”, into immediate effect. They include an import ban on gold, cement, wood and rubber from

Almost as if last year’s disastrous “mini” Budget had not happened, the Conservative party is again excited about tax cuts promised this autumn. Government sources have been busy briefing that the prime minister wants to lower the income tax rate by 2p in the pound; meanwhile, a group of 50 Tory MPs have demanded the

The head of the world’s largest building materials group CRH said it can now become “a truly American company” after shareholders backed a plan to move its primary listing from London to New York. CRH, which has a market capitalisation of £29bn and makes most of its profits in North America, deepened fears over the

European markets traded cautiously at the open on Thursday as Canada’s surprise interest rate rise stoked fears the world’s central banks will push global rates higher for longer than expected. Europe’s region-wide Stoxx 600 fell 0.1 per cent, following Wall Street lower overnight, as traders were unsettled by the Bank of Canada’s decision on Wednesday

The US, Taiwan and Japan are to share real-time data from naval reconnaissance drones, according to four people familiar with the project, demonstrating Washington’s push to strengthen co-ordination in the event of a Chinese attack on Taiwan. US defence contractor General Atomics is due to deliver four MQ-9B Sea Guardian drones to Taipei beginning in

Note: This story contains depictions of sexual assault and abuse. For more than three decades, Crispin Odey has reigned over London’s hedge fund scene as an eccentric with a reputation for delivering enormous returns as well as devastating losses. Odey Asset Management, his firm, was once one of Europe’s largest hedge fund companies and Odey,

I couldn’t go into the office last Tuesday. The finale of what I consider to be the greatest TV show of the last decade, Succession, had aired the previous day, and I hadn’t yet watched it. The risk of hearing spoilers from my colleagues was unacceptably high. So I embarked on a comprehensive spoiler-shielding programme:

Italy’s prestigious University of Padova made its name in the Middle Ages, when its medical scholars pioneered the dissection of human bodies to study anatomy. These days, Dr Maria Teresa Gervasi, director of the medical school’s obstetrics unit, is dissecting the demographic crisis afflicting her university town. An economically and culturally vibrant city akin to

For decades, Ukraine’s southern Kherson region was a destination for nature lovers, home to at least 70 species of animals including many endangered creatures. But on Tuesday, when the Kakhovka dam broke, its sprawling nature reserves, national parks and popular zoo were “completely washed away”, said Julia Markhel, head of the environmental non-governmental organisation Let’s

Crypto ownership more than doubled in the UK last year, the Financial Conduct Authority said on Wednesday, as it announced an October start date for its clampdown on mis-selling in a sector often dubbed finance’s “Wild West”. Almost one in 10 people surveyed by the UK’s top financial regulator owned cryptocurrencies in 2022, more than

GameStop announced it had terminated its chief executive and that its board of directors elected meme stock icon Ryan Cohen as its executive chair. Cohen, who became popular with meme stock traders for his investments in the video game retailer and now-bankrupt Bed Bath & Beyond, was already GameStop’s chair. The company said in a

Rishi Sunak, UK prime minister, will on Thursday announce that Britain will this autumn host the first global summit on the regulation of artificial intelligence, after a meeting in Washington with President Joe Biden. Sunak will tell Biden that Britain can exert leadership in establishing the “guardrails” for the new technology and will host the

Millions of people in the eastern US and Canada received health warnings from environmental regulators as thick smoke from northern forest fires spread through cities from Ottawa to New York. Canada has been battling an active wildfire season with blazes in most of its 10 provinces and its territories for most of the past month.