Finance news

Man arrested on suspicion of murdering ex-UK minister Ann Widdecombe

British police arrested a man on Friday on suspicion of murdering Ann Widdecombe, after the 78-year-old former government minister and Reform UK politician was found dead having “sustained serious injuries”. Police said a 26-year-old, white ‌British man had been arrested in Newton Abbot, a town about 15km (nine miles) from Widdecombe’s home in rural southwest England. Devon and Cornwall police assistant chief constable Matt Longman said there was no information to suggest the murder was related.

Nord Stream Loses Landmark Insurance Case as War Exclusion Prevails

Politics, Geopolitics & Conflict A UK High Court ruling has ended Nord Stream AG’s attempt to recover $662 million in insurance claims from the September 2022 sabotage of the Nord Stream 1 gas pipeline, with a judge ruling it a standard war-risk exclusion and relieving insurers of liability (Lloyd’s and Arch). The court also rejected Nord Stream AG’s argument that separate damage to one section of the pipeline had been caused by a ship’s anchor rather than explosives. This ruling establishes an

Build an ETF portfolio that could survive a crash

I am new to this and would like to start investing part of my salary in the stock market as early as possible. Given the current uncertainty and concerns about a potential market crash, I am considering increasing my share in international ETFs. I understand that investing consistently over time is generally considered more effective than waiting for a market crash and trying to time the market. I would appreciate your opinion on the following allocation: 30% in VOO 40% in international ETFs foc

10 scientists and experts who have left the US and UK for China so far in 2026

Dozens of scientists and experts have left the United States and Britain to pursue their careers in China this year, citing several reasons including insufficient funding and a lack of opportunities for Chinese academics to lead projects in the West. We have put together ten of them whose stories resonated with our readers. If you would like to see more of our reporting, please consider subscribing. 1. ‘Impossible for Chinese’: Yale scientist Zhang Kai leaves US for China For Zhang Kai, a...

UK eyes $50 billion in pooled NATO funds for new long-range strike initiative

Details were scant about a project that may amount to another European weapons-coordination umbrella rather than new technology development.

€305k in one taxable account, thinking about going part time. Am I actually there yet?

I'm in the EU(38M) so there's no 401k, no Roth, no IRA, not even a UK ISA. No tax sheltered retirement wrapper at all. It's all just a plain taxable brokerage at IBKR. Makes the math cleaner but also scarier, since nothing is locked away, it's one account I could nuke any day I lose my mind. My numbers (I'm single): Net worth: ~€305k VWCE (FTSE All-World, accumulating): €230k AGGH (global bonds): €40k P2P: ~€10k Cash buffer: €25k, about a year of expenses No property, I rent a 1 bed at ~€750/mo

Farage vs Count Binface: how UK hard-right leader’s poll gambit could backfire

British anti-immigrant politician Nigel Farage faces the embarrassing prospect of going head-to-head with perennial joke candidate Count Binface in a by-election after he decided to quit parliament. His surprise move threatened to backfire on Wednesday after other heavyweight parties confirmed they would not contest the vote for Farage’s seat in southeast England. Count Binface, a self-described “intergalactic space warrior”, is the only other person to have said so far that they would run. In a

UK Airline Turns Fuel Price Surge Into $500 Million Windfall Through Hedging

Jet2 recorded a nearly £400m boost from the rising price of jet fuel which caused widespread fear that summer holidays could be cancelled and airlines could go bust. The package holiday provider revealed that it defied the travel chaos caused by the Middle East conflict to instead take a £388m balance sheet boost from rising jet fuel prices. Because the company had already locked in low fuel prices with its suppliers, the rising market cost of fuel meant that the value of its fuel contracts soar

BYD challenges Porsche’s 911 with launch of electric supercar in Europe

Chinese electric vehicle (EV) assembler BYD has set its sights on Porsche’s supercars with plans to sell its Denza-branded new models in developed markets, the latest sign of its increasing heft in designing and manufacturing premium vehicles. The Shenzhen-based carmaker planned to unveil the Denza Z sports car featuring BYD’s self-developed intelligent DiSus body control ­system at the UK’s Goodwood Festival of Speed on Thursday, it announced in a statement. The European debut of the sports...

UK to join US Army’s PrSM program, buy $254M in long-range missiles

The planned buy is not designed to supplant work with Germany on a Deep Precision Strike weapon, the UK said.

Why the Pentagon wants a new drone chief, plus GCAP moves ahead

This week on The Break Out, the US military added a new drone chief while the UK, Italy and Japan advance plans for a new fighter jet.

Ugandan Farmers Sue to Block $5 Billion East Africa Oil Pipeline

A group of Ugandan farmers on Tuesday filed a case in the UK High Court against the developer of a $5-billion oil pipeline in East Africa, seeking to stop the nearly completed project on environmental grounds. The $5 billion East African Crude Oil Pipeline (EACOP), which will transport crude from Uganda’s Albertine Graben to Tanzania’s Tanga port, is nearly completed, after years of delays and controversies surrounding the project. The development of EACOP is being led by French supermajor Total

Great Britain: Reform UK leader resigns, hopes for by-election

The right-wing populist Nigel Farage has come under pressure due to controversial donations. Now he is drawing conclusions - and counting on the voters' favor.

Trump ally Nigel Farage quits UK parliament amid finance scandal to fight special election

Reform U.K. leader Nigel Farage has quit as MP for Clacton, forcing a by-election that he has said he will fight.

UK’s Nigel Farage to quit as lawmaker, seeks re-election to clear name

Reform UK leader Nigel Farage says he will quit as a lawmaker and seek re-election to clear his name over financial allegations linked to millions of dollars’ worth of donations. “I have done nothing wrong. I have not broken the law in any way at all. I have not misused public money,” Farage, a prominent ally of US President Donald Trump, said in a broadcast statement that did not take questions. Farage faces a probe by parliament’s standards watchdog over a £5 million (US$6.7 million) gift from

Shell Signals Oil and Gas Trading Windfall in Q2 Amid Iran War

Shell expects to have booked significantly higher oil and LNG trading results in the second quarter of the year as the Iran war drove extreme volatility in energy commodity markets. Shell expects its trading and optimization result in the integrated gas division to be significantly higher in the second quarter than in the first quarter, the UK-based supermajor said in an update note on Tuesday, ahead of reporting detailed Q2 figures on July 30. The trading and optimization results in the chemica

UK's $667 Billion Net-Zero Bill Could Make Britain Uncompetitive

The UK's cost to meet its ambitious net-zero and clean power goals is a massive $667 billion, or £500 billion, which would be heavily front-loaded capital expenditure that will hurt businesses and bill payers, according to trade association Energy Industries Council. Estimates from the Climate Change Committee (CCC) and the Confederation of British Industry (CBI) suggest that the necessary energy and energy infrastructure projects, including renewable energy, grid, and transmission upgrades and

Starmer Out, Burnham In: What Changes for UK Energy Policy?

With Kier Starmer stepping down as the United Kingdom’s Prime Minister (PM), it looks increasingly likely that Andy Burnham, who is known as the “King of the North”, will take his place as the leader of the Labour Party and PM in July. The Member of Parliament for the northern English constituency of Makerfield has significant political experience, having served as Mayor of Greater Manchester, but what are his plans for British energy? Burnham has a long history in politics, serving as Shadow Ho

UK hard-right leader Farage faces new allegations over gifts

Hard-right British politician Nigel Farage on Sunday faced fresh allegations over non-disclosure of gifts after a newspaper reported a convicted fraudster paid for his security and staff before he became an MP. An MP said he had asked parliament’s standards commissioner to investigate the new claims against the leader of the anti-immigration Reform UK party, which is currently leading in opinion polls. Farage is already the subject of an investigation by the parliamentary anti-sleaze watchdog...

Cargo vessel in Red Sea reports coming under attack, UK maritime body says

The incident was reported in one of the world's most crucial trade transit routes amid a fragile ceasefire between Iran and the U.S.

Vance hopes Burnham delivers ‘structural change’ amid ‘broken’ UK politics

US Vice-President J.D. Vance said Britain had been “failed by its ⁠leadership for a long ⁠time”, adding that he hoped the country’s ⁠next prime minister could deliver the structural change voters were seeking after years of political turmoil. In an interview with the Sunday Times newspaper, Vance said frequent changes of government pointed to deeper problems in British politics. Prime Minister Keir Starmer announced last month he ‌would step down after two years in office, paving the way for...

UK and France agree with Oman to ensure safety of its territorial waters

France said it has deployed mine countermeasures to the Middle East, including two mine-hunting ships.

BYD, MG, Chery: Market share almost doubled: How China's car manufacturers are conquering the UK car market

Chinese manufacturers are expanding rapidly in the UK. Providers from the Middle Kingdom are expanding their shares, particularly in the electrified segment.

MPs seek to end UK broadcast of Russian ‘soft power’ cartoon Masha and the Bear

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UK teen rapists get detention after outrage at lenient sentences

Two British teenagers convicted of rape must serve time in custody, an appeal judge ruled on Thursday, after a public outcry over a judge’s decision to spare them detention. Lower court judge Nicholas Rowland in May sentenced the two 15-year-old boys to three-year youth rehabilitation orders, saying he wanted to “avoid criminalising these children unnecessarily”. However, the sentences provoked a severe backlash, prompting Attorney General Richard Hermer – the government’s chief legal adviser –.

UK ratchets up nuclear spending, with new warhead and delivery planes in the works

Central to the current package is Astraea, the warhead designated A21/Mk7 that the Atomic Weapons Establishment has been developing since 2020.

M&A is ‘on fire’ as large-cap firms simplify, Citi UK CEO says

Citi U.K. CEO Tiina Lee said U.K. M&A is “on fire” as companies simplify and overseas buyers target British assets.

Japan, UK, Italy to consider Canada as observer in fighter jet program

UK defense plan to unlock fresh GCAP contract before Farnborough Airshow

The British government came up with essential funding on the day that cash flow for the jet was due to run out.

Buy the UK DIP? Defense stocks lifted by $20 billion spending boost as gilts come under fire

British defense stocks are marching higher once again after the U.K. confirmed a near-$20 billion military spending boost on Tuesday.