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Sir Keir Starmer will on Monday signal that Labour is willing to fight Boris Johnson over his Brexit legacy at the next election, setting out a five-point plan to tackle the economic pain caused by Britain’s EU exit. In a big tactical shift, Starmer will use a speech to denounce the “mess” created by the

Hackers with suspected links to China’s intelligence agencies were still advertising for new recruits to work on cyber espionage, even after the FBI indicted the perpetrators in an effort to disrupt their activities. Hainan Tengyuan, a Chinese technology company, was actively recruiting English language translators in March according to job adverts seen by the Financial

Ryanair boss Michael O’Leary, the pioneer of low-cost travel in Europe, has warned fares will rise for the next five years because flying has become “too cheap” to make profits as industry costs spiral. His warning comes as ticket prices have risen in Europe and the US this summer as passengers return and some airlines

The UK’s trade performance fell to its worst level since records began in the first quarter of 2022, heaping more pressure on sterling in international currency markets. Although the Office for National Statistics warned that the figures it published were “subject to higher levels of uncertainty than normal”, the new system it used to collect

The governor of the Bank of England warned on Wednesday that Britain’s economy is suffering more from the energy crisis than other countries with UK inflation likely to stay higher for longer. Speaking with other central bankers at a European Central Bank conference in Sintra, Portugal, Andrew Bailey said the BoE needed the option of

Turkey has dropped its opposition to Finland and Sweden becoming members of Nato, paving the way for the Nordic countries to join the alliance in response to Russia’s invasion of Ukraine. The three countries have signed a joint memorandum after hours of talks on Tuesday brokered by Nato, ending a six-week veto by Ankara linked

Emmanuel Macron wants to see a drive for higher oil production around the world as the French president seeks ways of bringing down the cost of energy and alleviating the pressure being felt by energy-importing economies. Macron made the proposal to fellow G7 leaders as they seek to hammer out the details of a price

G7 leaders meeting for a summit in the Bavarian Alps on Sunday are seeking a deal to impose a “price cap” on Russian oil as the group works to curb Russia’s ability to finance its four-month war in Ukraine. The goal would be for a broad range of countries going beyond the G7 to impose

The battle over abortion rights in the US shifted rapidly to Congress and the midterm elections after the Supreme Court overturned Roe vs Wade and gutted the decades-old constitutional protection for women seeking to end a pregnancy. As conservative states began to implement new abortion restrictions across the country in the wake of Friday’s ruling,

The US Supreme Court has struck down Roe vs Wade, the legal decision that has enshrined the constitutional right to an abortion for nearly 50 years, in a dramatic ruling by the court’s conservative majority that will shake up American society, politics and jurisprudence for years to come. In the decision authored by Justice Samuel

Interest payments on UK government debt hit one of the highest levels on record last month as rising inflation limited an expected fall in public sector borrowing. Interest costs rose to £7.6bn in May, well above the figure for last year and higher than a £5.1bn forecast from the Office for Budget Responsibility, following a

The second of three one-day rail strikes across Britain will go ahead on Thursday, the union at the heart of the dispute said, after talks to resolve the dispute broke down. Mick Lynch, head of the RMT union, criticised transport secretary Grant Shapps for the impasse in the negotiations between the RMT, the train operators

The UK government is collaborating with Boston-based Moderna to build the country’s first manufacturing centre for messenger RNA vaccines in a deal worth £1bn as it seeks a lead in responding to the current and future pandemics. The government is aiming to secure homegrown supplies of a technology that has proved a crucial weapon in

Strikes will spread across the UK unless the government acts on its promise to create a high wage economy, the leader of the country’s main movement for organised labour has warned. Frances O’Grady, general secretary of the Trades Union Congress, said that workers all over the country were supporting striking rail employees and would in

President Emmanuel Macron was on course to lose his majority in France’s National Assembly on Sunday night, after a strong showing in legislative elections by a left-green opposition alliance and a late surge from the extreme right. Initial results and projections by polling agencies after voting stations closed showed that Macron’s centrist Ensemble (Together) alliance

Bitcoin’s price has broken below the key threshold of $20,000 for the first time since November 2020, risking triggering a fresh wave of selling and deepening the crisis gripping the digital asset sector. The largest cryptocurrency, which acts as a benchmark for the broader crypto market, plunged to under $19,000 on Saturday morning, a fall

Shares in Asia followed Wall Street lower after the UK and Switzerland raised interest rates, adding to concerns that tighter monetary policies from central banks could undercut a global economic recovery. Japan’s benchmark Topix index and Australia’s S&P/ASX 200 both shed 2 per cent, while South Korea’s Kospi fell 1.7 per cent. China’s CSI 300

Stock markets and eurozone bond prices dropped on Thursday after Switzerland delivered an unexpected interest rate rise, following a sharp boost to borrowing costs by the US Federal Reserve. Europe’s regional Stoxx 600 share index, which rallied on Wednesday after the European Central Bank promised a new mechanism to support weaker eurozone nations from rising

The Federal Reserve is set to embrace an increasingly aggressive approach to monetary policy tightening as it confronts the highest inflation in four decades. During its two-day policy meeting, officials on the Federal Open Market Committee have been actively debating the merits of implementing the first 0.75 percentage point increase since 1994. An adjustment of

Crypto exchange Coinbase plans to cut almost a fifth of its workforce, in the latest sign of the chill descending on the digital assets market as token prices tumble. The US-listed group’s plans to reduce its staffing by 1,100 employees comes as a sharp downturn in the crypto market threatens to deal a heavy blow