ASML says it's getting order interest through 2030 as profit smashes expectations

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The Guardian·10m ago

IMF sounds alarm on rising government borrowing costs – business live

Rolling coverage of the latest economic and financial news Global financial system is failing developing countries, says Ed Miliband Pressure to increase defence spending is another factor pushing up government borrowing – and European countries may need to fund it through spending cuts rather that higher taxes or borrowing, the Fund indicated. Speaking today in Bangkok, Rodrigo Valdes , head of the IMF’s fiscal affairs department, told reporters: “I think what countries should do from the macro perspective depends a lot in terms of their initial position. In general, however, the the defence spending will be persistent, so even if you accommodate it temporarily with debt, you have to be prepared at some point to recognise that that debt cannot forever finance this part. And the second issue is that...in general, Europe has really high revenue ratios. So the space for a lot more revenues

The Guardian·26m ago

Businesses could be barred from non-essential water use amid supply threat

Golf clubs, private schools and car washes may face tighter rules from water companies as England’s drought continues Three water companies are seeking to impose severe restrictions on businesses as the drought continues across most of England, putting rivers and wildlife under huge pressure. Golf clubs and private schools could be barred from using mains water to irrigate playing fields and courses, and commercial car washes stopped from operating, under “non-essential use bans” being sought by the companies. Continue reading...

CNBC·1h ago2 outlets

Judge extends block on Trump White House ban of MS NOW, CNN and Politico

Following President Donald Trump’s White House ban on CNN, MS NOW and Politico last month, a federal judge has once again blocked him from doing so. U.S. District Judge Timothy J. Kelly wrote in the ruling issued Tuesday evening that the outlets are likely to succeed not only on their due process claim, but also […]

The Guardian·1h ago

Barriers facing black and south Asian music events ‘cost London up to £141m a year’

Exclusive: Investigation finds racial inequality in live music industry rife and many genres labelled ‘high risk’ despite lack of evidence Black and south Asian music events in London face disproportionate cancellations, restrictions and licensing barriers compared with white events, according to a two-year investigation into racial inequality in the capital’s live music industry. The Race Equality in Music Event Licensing (REMEL) report, led by Black Lives in Music, estimates that cancellations, displacement and events prevented from taking place cost London £127m to £141m annually, with projected losses exceeding £650m over five years. Continue reading...

The Guardian·1h ago2 outlets

UK resists EU pressure to hit China with tariffs

Exclusive: Business secretary says he will not change trade rules due to EU pressure and denies UK will become a ‘back door’ for cheap imports The business secretary has hit back at European demands for British tariffs on Chinese imports, saying the government will not change its trade rules because of pressure from Brussels. Jonathan Reynolds warned that the government would not bow to calls from other countries for the UK to hit Chinese vehicles with import taxes, despite political pressure to align with the EU in exchange for deeper future economic ties. Continue reading...

The Guardian·1h ago2 outlets

Palantir is worming its way into the British state – it’s time to curb this controversial US company’s influence | George Monbiot

Tom Watson has said ‘mob rule’ must not decide public contracts. Perhaps he should take a look at his new employer What a world we live in. Imagine: gangs dragging civil servants off commuter trains and beating them up because they handed government data jobs to the wrong contractor – and the government is changing its procurement decisions as a result. Well, OK, it might not have happened yet, but it’s only a matter of time. As the former Labour deputy leader Tom Watson asks : “Do you want to let the rule of law lead procurement practice, or do you want mob rule to lead procurement practices?” No, I absolutely don’t want the latter, and it’s always good to get ahead of trouble. But then I remember there are two common meanings of mob rule. One is intimidation by crowds of thugs. The other is a pejorative term for democracy. And while I’ve yet to see government procurement practices in t