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India’s largest stock exchange files for IPO as mega-listings gather pace

CNBC 11 minutes ago

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Titan sub: design flaws and company groupthink central to catastrophe, report finds

Canadian officials find structural defects in material used for hull and say firm failed to fully test ‘novel’ designCanadian safety officials have issued a damning report on the catastrophic final voyage of the Titan submersible, finding that the US company behind the expedition was overcome by “groupthink” and “confirmation bias” and failed to understand the profound risks confronting their largely untested craft.The 6.7-metre (22ft) carbon fibre submersible dipped below the surface of the Atlantic Ocean in June 2023 en route to the wreckage of the Titanic ocean liner. But nearly two hours after it departed with five passengers, communications went dark. The disappearance prompted a frantic international search, with Canada and the US marshalling all available resources. Continue reading...

The Guardian 8 hours ago

The Guardian view on Britain and the EU: Ed Davey is right – a changed world changes the argument | Editorial

The Liberal Democrat leader’s call for more ambitious reintegration with Europe brings a necessary focus on economic and strategic realityMembership of the European single market was at stake when the UK voted on Brexit, but it was not the decisive question in the campaign. The leave campaign dishonestly promised a cost-free severance of ties with Britain’s largest trading partner. As immigration came to dominate the debate, the requirement to allow free movement of people as a condition of seamless integration with European markets undermined the remainers’ most compelling argument.Reluctance to advocate a liberal migration regime imposed a taboo on calls to reconsider the Brexit settlement, even as warnings about the cost of rupture were vindicated. Now, after a decade of forsaken growth, the mood is finally changing. Continue reading...

The Guardian 9 hours ago

I once protested against the G7. I feel no need now, because it’s collapsing all by itself | Zoe Williams

You cannot take a rules-based order seriously when only some of the participants are playing by the rulesWhen 200,000 protesters gathered to meet the G8 summit in Genoa, 25 years ago, their point (our point, in fact; I went on a coach, it took two and a half days) was that eight rich nations shouldn’t dictate the rules to the rest of the world. If you accept that power concedes nothing without a demand, this demand probably sounds a bit broad, boiling down to “abnegate your power”. But it was part of a wider anti-globalisation movement, in which many of the precise mechanisms by which the developed world exploited the developing had been nailed down.Many of the protest tactics and networks had been honed at the battle for Seattle in 1999, outside the World Trade Organization summit, along with an agenda that was capacious and versatile. Unfortunately, the authorities had also learned a thing or two, and both the elaborate security of the G8’s red zone and the police brutality outside it were met with some astonishment from the world’s (liberal) media, but not from anyone with a memory exceeding two years. Continue reading...

The Guardian 10 hours ago

Starmer warns against ‘looking backwards’ to Brexit after rivals back UK’s return to EU

Speaking at the G7 summit, prime minister says he stands by Labour’s manifesto pledge not to rejoin blocThe UK and the European Union should not waste time “looking backwards” to Brexit, Keir Starmer said on Wednesday, as he comes under pressure to reconsider rejoining the EU.The prime minister reaffirmed his government’s manifesto commitment to not re-enter the bloc, but said there had been “real progress” with the relationship, which was “slowly but surely building”. Continue reading...

The Guardian 11 hours ago

Legislation proposed to stop lawsuits used to silence journalists and whistleblowers

Private members’ bills to crack down on use of Slapps are likely to attract cross-party supportA coordinated push to protect whistleblowers, journalists and victims of sexual assault from being sued by those who wish to silence them has been launched in both houses of parliament.Two private members’ bills designed to crack down on strategic lawsuits against public participation, known as Slapps, have been introduced by Conservative members within 24 hours of each other, and are likely to attract cross-party support. Continue reading...

The Guardian 12 hours ago

Jaguar Land Rover to make more hybrid cars in US sales push

Drive to appeal to wealthy Americans is part of pivot away from previously announced all-electric strategyJaguar Land Rover has said it will make more hybrid cars as part of an effort to focus on growth in the US, as Britain’s largest carmaker further rowed back on the transition away from fossil fuels.The manufacturer told investors on Wednesday it would offer petrol and hybrid versions of new models, including smaller SUVs that had previously been planned to shift to all-electric sales. Continue reading...

The Guardian 13 hours ago

Protesters to rally against World Cup sponsor Hyundai before Mexico game

Focus on business dealings with mining company Guadalajara rally to highlight fate of ‘disappeared’Hyundai will be targeted by protesters at a rally before the Group A game between Mexico and South Korea in Guadalajara on Thursday, due to the World Cup sponsor’s business dealings with the South American mining company Ternium.A 2025 report from the environmental group Mighty Earth criticised Hyundai’s involvement in what they described as a “dirty steel supply chain”, as the South Korean motor company is a major buyer of iron ore from Ternium for use in steel production. Ternium has faced repeated criticisms for its destructive environmental impact and corporate governance policies from campaign groups, as well as its alleged links to the disappearance of two Mexican activists. Continue reading...

The Guardian 14 hours ago

AO boss blames Labour as it shifts UK call centre roles abroad

About 150 jobs have already been lost in Bolton as the retailer reports 145% rise in profits and hands £20m to shareholdersThe online electrical goods seller AO World has revealed it is outsourcing up to 200 UK call centre roles to South Africa blaming rising labour costs, as it handed £20m to shareholders.As the retailer reported a jump in profits, it said it was shifting the majority of call centre jobs overseas “in response to ongoing inflationary cost pressures, and particularly rising employment costs”. It expects to save about £4m a year as a result of the change. Continue reading...

The Guardian 14 hours ago

Will UK interest rates go up?

The interest rate set by the Bank of England affects mortgage, loan and savings rates for millions.

Bbc.com 15 hours ago

Lululemon apologises after Japanese drum row at Great Wall yoga event

Online uproar follows Canadian brand’s use of taiko drum at sponsored festival held to celebrate Chinese cultureThe activewear brand Lululemon has apologised after a promotional event held on the Great Wall of China appeared to mistakenly feature a Japanese drum, prompting an uproar.The Canadian-headquartered company, known for its upmarket leggings, has been growing rapidly in China and arranged for a yoga festival to take place in late May on a section of the wall near Beijing. Continue reading...

The Guardian 16 hours ago

Surprisingly benign UK inflation data signals a softer Iran war hit than feared

Impact of war on UK cost of living more muted than first forecast suggesting fuel price rises have failed to spill out more widely across UK plcUK inflation stays at 2.8% as slowing food prices offset transport costsAs soon as Iran choked off oil supplies through the strait of Hormuz at the start of March, there were dire warnings about rocketing UK inflation and the drastic action the Bank of England might take to rein it in.At one point, investors were expecting as many as three quarter-point rises in interest rates before the end of the year – a sharp turnaround from earlier forecasts of rate cuts. Continue reading...

The Guardian 17 hours ago

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