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Top Headlines from the UK Edition
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US Senate passes Donald Trump’s ‘big, beautiful’ tax and spending bill
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| Landmark legislation to extend tax cuts and reduce spending on healthcare now returns to the House |
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Starmer guts UK welfare reforms to avoid Commons defeat
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| Government wins vote but watered down measures will leave a multibillion-pound hole in public finances |
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How the ‘rebel alliance’ took on Starmer over welfare — and won
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| Plans to cut £5bn from Britain’s spiralling benefits bill lie in tatters after U-turn |
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UK visa revamp allows lower-skilled office workers to come to Britain
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| Rules aimed at tightening regime will at first make provision for temporary shortages in non-graduate occupations |
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Donald Trump’s big, beautiful act of self-harm
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| Many Republicans could lose their seats in Congress as a result of the president’s reverse Robin Hood budget |
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Top Headlines from the International Editions
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Donald Trump threatens to raise tariffs again on Japan
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| US president not intending to extend July 9 deadline before hitting trading partners with more levies |
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Is Donald Trump’s ‘big, beautiful bill’ a political curse for Republicans?
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| A legislative win for the president could hurt his party given the tax and spend measure’s low popularity |
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US banks announce big shareholder payouts as Fed eases stress tests
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| Wall Street titans to raise dividends and buy back shares on back of lighter oversight |
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Peter Thiel joins tech billionaires backing new lender Erebor to rival Silicon Valley Bank
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| Start-up named after the dragon’s mountain in ‘Lord of the Rings’ |
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What is in Donald Trump’s giant tax-cutting bill?
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| Package would cut levies by $4.5tn over 10 years while slashing welfare spending and green subsidies |
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Germany launches insurance crackdown on Russian ‘shadow fleet’
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| Berlin increases controls on vessels heading eastward through the Fehmarn strait |
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Citadel outshone by smaller hedge fund rivals in trade war turmoil
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| Ken Griffin’s flagship fund was up 2.5% in the first half of 2025, lagging behind Balyasny and ExodusPoint |
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The risks of funding states via casinos
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| It is easy to imagine conditions in which money simply dries up, perhaps in response to large movements in bond yields |
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Saks divisive debt reshuffle shows a retail sector under strain
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| US department store chain has made some of its creditors very unhappy with their unequal treatment |
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Gilts rally as Andrew Bailey hints at reduction in BoE debt sales
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| Central bank has come under pressure to slow quantitative tightening amid global bond sell-off |
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Qantas hit by cyber attack after FBI alert on ‘Scattered Spider’ group
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| Australian airline investigating whether hacking group that targeted M&S are behind customer database breach |
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Call for entries: High-growth companies Asia-Pacific 2026
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| Register now to be considered for our latest list of the region’s fastest-growing businesses |
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Abolish ‘triple lock’ on UK pensions to prevent financial cliff-edge, says IFS
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| Millions of private sector workers will see sharp drop in living standards under current system, study finds |
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NHS hospitals can use any approved medical kit under plans to cut admin
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| Ten-year plan for health service will include ‘innovator passport’ to prevent duplication of testing |
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Santander to buy UK high street lender TSB for £2.65bn
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| Spanish bank beat British rival Barclays which also put in a formal bid for the Sabadell-owned unit |
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A new front in Trump’s war on the global economy
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