When Ron DeSantis, Florida’s pugnacious governor and would-be Republican president, took against the mighty Walt Disney Company, it was seen as a high-profile test of America’s culture wars. DeSantis, who is on the conservative wing of his party, is eager to wage war on “woke”, as the Florida state legislature did last year by passing
News
Thousands of security staff at London’s Heathrow airport will stage a month’s worth of strike action this summer in a continuing pay dispute with its owners, putting at risk holidaymakers’ plans on some of the busiest days of the year for travelling. Unite the union said on Wednesday that 2,000 of its members, about 40
Readers can be forgiven for struggling to recall the Edinburgh tram scandal but happily the final report of the public inquiry was sent to the printers a few weeks ago. Alas, since the inquiry into this saga of delays and spiralling costs first convened in 2014, it has taken almost as long as the project
When Karl Marx said that history repeated itself first as tragedy then farce, he could have been thinking of the Kennedy family. Senator Robert Kennedy was murdered in June 1968 in the ascendancy of his career. Fifty-five years later, his son Robert Kennedy Junior is a leading American conspiracy theorist challenging Joe Biden for the
Lloyds Banking Group will seek a sale of the Telegraph Media Group after pushing its parent group into receivership over debts owed by the Barclay family, according to people familiar with the matter. The UK bank has put B.UK, a Bermudian-based holding company that ultimately controls the Telegraph titles and the Spectator magazine, into receivership,
Turkey’s lira tumbled on Wednesday by the most since late 2021 as President Recep Tayyip Erdoğan’s new economic team began to loosen the shackles that had slowed its fall in recent months. The currency dropped 6 per cent in London trading on Wednesday to a new record low of 23 against the dollar, leaving it down
European stocks fell on Wednesday as traders turned their attention to economic data that offered signals on the likely path for eurozone interest rates. Europe’s region-wide Stoxx 600 lost 0.2 per cent at the market open, reversing gains from the previous session, while France’s Cac 40 lost 0.3 per cent. Germany’s Dax was down 0.1
US secretary of state Antony Blinken will travel to China this month, in the latest sign that Beijing and Washington are beginning to stabilise a turbulent bilateral relationship that had sunk to the lowest point in decades. Blinken is expected to visit within the coming weeks, according to two people familiar with his plans. Blinken
In January 2020, Sir Keir Starmer was asked by ITV News what he thought of Jeremy Corbyn, who was then the Labour party’s outgoing leader: “He’s a colleague and a friend,” he replied. The message Starmer offered in the leadership contest to replace Corbyn was clear: that he would offer a continuation of leftwing economic
It is a quiet way to run a revolution. The Glasgow Financial Alliance for Net Zero, usually a source of constant source of pronouncements, commitments, strategies and statements about tackling climate change, has been borderline mute this year. Gfanz, as it’s known, billed as a “watershed” by former Bank of England governor Mark Carney when
The writer is a science commentator Some people covet a rare species of blind Slovenian cave beetle — not because they are enchanted by entomology but because they long for a specimen of Anophthalmus hitleri, better known as the Hitler beetle. The bug, named in the 1930s in homage to the then German Führer, is
The writer is author of ‘Black Wave’ A dictator invades his smaller neighbour and is placed under sanctions. The American president tries to rally a coalition against the invader and in support of democracy. A foreign army withdraws from Afghanistan and the Taliban rise to power. The Saudis and the Iranians announce a surprise reconciliation. The
The writer is senior emerging markets economist at Capital Economics Signs that newly re-elected Turkish president Recep Tayyip Erdoğan is willing to move away from unorthodox economic policies has led to an increase in investor optimism towards his country. These developments are encouraging but investors should not underestimate the size of the adjustment that Turkey’s
UK hopes of securing a quick deal to deepen digital trade ties with the US have run into the diplomatic sands amid growing resistance to such pacts in Washington, technology industry insiders have warned. The sector’s frustrations emerged as Prime Minister Rishi Sunak landed in Washington for a meeting with President Joe Biden at which
Morgan Stanley rainmaker Rob Kindler is leaving to join elite law firm Paul, Weiss, Rifkind, Wharton & Garrison after 17 years with the Wall Street investment bank where he advised on some of the largest-ever corporate takeovers. Paul Weiss said Kindler was joining as a partner and would chair its mergers and acquisitions practice. He
The US securities regulator requested a temporary freeze on assets linked to Binance, the world’s largest cryptocurrency exchange, one day after it sued the company on more than a dozen charges. In a filing late on Tuesday, the Securities and Exchange Commission requested a temporary asset freeze on several Binance-linked entities, as well as repatriation
UK Prime Minister Rishi Sunak will arrive in Washington on Wednesday pledging to build an “economic alliance” with the US to counter global threats, while trying to paper over trade tensions between the two sides. Downing Street admitted before the visit that Britain had given up on seeking a free trade deal with the US
The UK Cabinet Office will tell central government departments to remove all surveillance equipment made by Chinese companies including Dahua and Hikvision from sensitive sites in an attempt to limit potential intelligence-gathering by Beijing. Announcing the decision on Tuesday, the Cabinet Office said the government was “committing to publish a timeline for the removal of
The owner of the Telegraph Media Group has been threatened with receivership by lender Lloyds Banking Group over a longstanding debt owed by the parent company controlled by the Barclay family. AlixPartners, the restructuring group, has been lined up to act as receivers of Press Acquisitions, which controls the Telegraph newspapers, if Lloyds decides to take
The future is Asian, argues the respected analyst, Parag Khanna. But this piece of conventional wisdom needs unwrapping. Geographically, Asia is no more a continent than is Europe. “Asia” itself is not even an Asian idea: Europeans invented it. Asians did not conceive of themselves as being part of a single continental entity. The region
Golf’s US-based PGA Tour and the Saudi Arabia-backed breakaway league LIV have agreed to join forces, ending a long-running feud. The PGA Tour and Riyadh’s Public Investment Fund have agreed to create a jointly managed entity to house their commercial operations, and intend to cease their pending litigation. The European Tour has also signed up