Treasuries slide as ‘hot’ inflation sparks bets on Fed rate rise
Two-year government bond yields soar most since 2024 as October consumer price growth tops forecasts
Battle to reclaim the Republican Party
The choice is America First without Trump or a swing to a broader pragmatism
UK fraudster who invented ‘too good to be true’ takeover bid given suspended sentence
Christopher Woolcott created a cast of characters in a bid to profit from a rise in Touchstone Exploration’s shares
Labour and the Tories draw battle lines on welfare
Parties present sharply different ideas on tackling youth inactivity
The Nvidia investor’s guide to (maybe) losing your CEO
Without Jensen Huang as chief, the company would probably shed some of its dominant market share and its generous pricing power
Why the Grand Canyon is missing a billion years of rocks
A new paper on the Great Unconformity advances a novel theory on one of geology’s great mysteries
Defiant Hegseth defends Iran war as he faces impeachment vote
US defence secretary battles to save his job following Republicans’ defeat in midterm elections
Oil falls below $90 as Trump pulls back from threat to strike Iran
Falling crude prices have supported recovery in global stocks from last week’s sell-off
Visionaries — superb Royal Ballet revival of two postwar masterpieces
Ballet-goers’ wishes are granted with the staging of Jerome Robbins’ ‘Dances at a Gathering’ and Kenneth MacMillan’s ‘Song of the Earth’
Moderna chasing ‘holy grail’ of cancer prevention
Chief executive Stéphane Bancel says cancer vaccine could be bigger than best-selling oncology drug
Alice Huang’s tangled web of connections
Executive alleged to be Chinese spy who had affair with Nvidia chief had already built career alongside a man with a history of crossing regulators
Top Fed official considers largest rate rise since 2022
Governor Christopher Waller says policymakers should weigh a 50bp move if US inflation fails to slow
David Walliams accused of sexual misconduct
Lawyers had argued that bestselling author’s anonymity should be protected because of risk of suicide
US, Russia and Ukraine resume talks on ending war
Expectations of a breakthrough are low because Vladimir Putin shows no sign of wanting to halt the conflict
BoE policymaker refuses to rule out back-to-back rate rises
Clare Lombardelli says high energy prices and resilience of UK growth mean there is a case for a further increase ‘in the near term’
Hot US inflation seals December rise and brings larger increase into play
Energy inflation largely dropped out of the headline rate in October and added to worries of inflation persistence
From fighting disinformation to social class — our pick of the best politics books
How can we save democracy? Start by reading a Nobel laureate’s call to action, insights from the BBC’s Laura Kuenssberg and reissued pamphlets from the second world war
Goldman Sachs expects Anthropic revenue to exceed $600bn by 2030
Wall Street bank projects AI start-up will increase sales by 130 times — and be cash flow positive — by end of the decade
Pete Hegseth faces uphill battle to save his job
Also in today’s newsletter, FBI is ‘looking into’ Nvidia’s Jensen Huang after alleged spy scandal
Burnham’s fiscal devolution leap is crucial — and long overdue
Trying to get stuff done without these new powers and funding streams has been too difficult for elected mayors
Anthropic targets valuation of up to $1.4tn in IPO
The Claude maker plans to raise as much as $64bn in highly anticipated listing
Africa’s richest man Aliko Dangote pulls London listing
Nigerian billionaire had planned to list $18.4bn group Dangote Cement in UK this year
UK Treasury does not ‘understand’ scale-ups, says former adviser
Alex Depledge, who was appointed by Rachel Reeves, said her attempt to hire an external chair to overhaul procurement was blocked
Italian banks hit out at Giorgia Meloni over latest tax raid
Rome plans to raise €7bn from financial institutions during the next three years through measures including a higher corporation tax rate