Labour unveils disability benefits reforms that aim to save over £5bn

The World Meteorological Organization reports that 2024 was the warmest year on record, marking the first time all 10 hottest years have occurred within the past decade. Greenhouse gas levels continue to rise, with concentrations of carbon dioxide, methane, and nitrous oxide reaching unprecedented levels. The oceans are warming at an accelerated rate, leading to coral bleaching and record sea-level rise, while global warming has already exceeded 1.5 degrees Celsius above preindustrial levels. Full Article

The Justice Department charged Carl Erik Rinsch with an $11 million scheme to defraud Netflix by securing funding for a science-fiction series but using the money for personal investments instead. Mr. Rinsch was arrested and charged with wire fraud, money laundering, and engaging in monetary transactions derived from unlawful activity. After Netflix canceled the series due to Mr. Rinsch's erratic behavior, he went on a spending spree with the remaining production money, leading to Netflix...

Financial markets are closely monitoring the Federal Reserve's comments on future interest rates, as well as any potential adjustments to the ongoing balance sheet runoff known as quantitative tightening (QT). This dual focus highlights the significance of not only rate decisions but also the Fed's efforts to reduce its balance sheet. Investors are keenly aware of both factors and their potential impact on market dynamics. Full Article

Investors looking to top up their stocks and shares ISA before the tax year deadline should consider investment trusts amidst market volatility caused by trade wars. With long-term investing in mind, experts recommend trusts like City of London and Fidelity Special Values for UK exposure, Schroder AsiaPacific for Asian diversification, and defensive options such as Personal Assets. For a global perspective, JPMorgan Global Growth & Income is highlighted for its consistent outperformance and low costs....

President Trump and his advisers have taken a different approach towards the possibility of a recession, openly acknowledging it and suggesting it may not be detrimental in the long run. While aiming to reduce imports and re-industrialize the American economy through tariffs, economists warn of potential negative impacts on the economy, consumer prices, and the middle class. The administration's policies could disproportionately affect low-income Americans, leading to higher prices, disruptions, and cuts to government services,...

Starlink, the satellite internet service by SpaceX, is now accessible at the White House campus, part of Elon Musk's efforts to improve Wi-Fi connectivity in government buildings. Installation of Starlink was overseen by a security engineer working with Musk's companies, sparking concerns about conflicts of interest but was deemed not a security breach. Starlink has been set up at various government properties, including the General Services Administration, as Musk continues to modernize technology in federal...