14 h. ago To all who think capitalism can drive progressive change, it won’t – and here’s the shocking proof | Polly Toynbee

Asset manager Aberdeen’s surprise cut to funding research into inequality has left those that used its grants for good works reelingThe axe fell with shocking suddenness. On Thursday Aberdeen Group plc terminated its Financial Fairness Trust without notice and sacked the CEO, Mubin Haq, the chair and all the trustees, leaving eight staff dangling. The company tells me it plans to move in a different direction. That dreaded phrase marks the end of 16 remarkable years, during which the trust sponsored some of the most influential research into inequality and its financial causes.Aberdeen is a wealth management and investment company. I admired its willingness to fund research not in its own immediate interest, but for the sake of social improvement, as a sign that decent capitalism was possible. Now that’s over. The mood has changed. Wildfires started by President Trump are engulfing global companies as his administration attempts to bar asset and retirement plan managers from conside...

Events

24 h. ago Canary Wharf Group CEO on the Financial District’s Future in London

Canary Wharf Group CEO on the Financial District’s Future in London  CNN

Economics

4 d. ago US supreme court begins releasing decisions on last day of term – live updates

Big decisions that could come today include: LGBTQ+ content in schools, the future of a Louisiana congressional district, and birthright citizenshipThe Trump administration is readying a package of executive actions aimed at boosting energy supply to power the US expansion of artificial intelligence, according to four sources familiar with the planning, Reuters reports.US and China are locked in a technological arms race and with it secure an economic and military edge. The huge amount of data processing behind AI requires a rapid increase in power supplies that are straining utilities and grids in many states.The Israeli-US food distribution scheme in Gaza, Palestine, launched one month ago, is degrading Palestinians by design, forcing them to choose between starvation or risking their lives for minimal supplies.With over 500 people killed and nearly 4,000 wounded while seeking food, this scheme is slaughter masquerading as humanitarian aid and must be immediately dismantled Contin...

Events

1 week ago Elon Musk’s X to offer investment and trading in ‘super app’ push

Foray into financial services could include introducing credit or debit card, CEO Linda Yaccarino says

Politics

2 w. ago Strawberry Moon rises over London as 'breathtaking' views shared on social media

At one stage the Strawberry Moon looked as if it was sitting in Canary Wharf

Politics

4 w. ago Lina Stores is Opening a New Restaurant and Bar in Canary Wharf

Lina Stores is Opening a New Restaurant and Bar in Canary Wharf  Time Out

Politics