72 m. 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

91 m. ago Asian shares are mostly higher, tracking US rally into record heights

Asian shares are mostly higher after U.S. stocks added to their records with the close of a second straight winning month

Politics

2 h. ago US narrows trade focus to secure deals before Trump tariff deadline

President’s 90-day pause on reciprocal levies expires on July 9

Economics

2 h. ago Shakespeare in war: Ukraine festival explores intersection to bard’s world

‘There is a big need for theatre to work with existential problems,’ says translator, as Shakespeare productions boom across UkraineThe Ukrainian Shakespeare festival in the city of Ivano-Frankivsk did not open with a play. Another kind of performance was staged on the steps of the theatre, one that did not deal with sad stories of the death of kings but with tragedy unfolding in real life.This was theatre in a different sense: a rally involving several hundred people demonstrating on behalf of Ukrainian prisoners of war, thousands of whom are estimated to remain in Russian captivity. Continue reading...

Events

2 h. ago The attar of the deal: Now you can smell like Trump as president hawks perfume

The scent of ‘confidence, beauty, and unstoppable determination’ is just one star in a galaxy of products Donald Trump has advertised using the megaphone of the US presidency

Politics

2 h. ago US dollar suffers worst start to year in more than five decades, report claims

The dollar index has fallen more than 10 percent in the first six months of the year, a new report says

Politics

5 h. ago Deported Maryland migrant thrown back in jail despite judge's efforts to free him

Kilmar Abrego Garcia's initial deportation became a flashpoint for the Trump administration's border security efforts after it was determined he was wrongly targeted and caught up in the raids.

Events

5 h. ago Trump to host Israel's Netanyahu at the White House as he increases pressure for a Gaza ceasefire

Trump told reporters Friday ''We think within the next week we're going to get a ceasefire' in Gaza.' He is set to meet Israeli Prime Minister Benjamin Netanyahu at the White House Monday.

Events

5 h. ago Elon goes nuclear on 'insane spending bill' with new pledge that could threaten Trump's Republican majority

Ex-Trump ally billionaire Elon Musk 's latest promise could throw a major wrench into Trump's governance plans for his second term.

Politics

6 h. ago More than 14 MILLION could die as a result of Trump's foreign aid cuts, study finds

Research revealed that 4.5 million children under the age of five could die by 2030 as a result of the US Agency for International Development (USAID) being dismantled by the Trump administration.

Politics

7 h. ago Trump and his ‘One Big, Beautiful Bill’ just put the Senate in play for Democrats

The president may get his major domestic policy agenda over the finish line, but it will come at a major cost, Eric Garcia writes from the US Senate

Politics

8 h. ago Scottish firefighters tackle wildfires for third day as risk to life grows

Dealing with very serious blazes means fire and rescue service has limited ability to respond to other emergenciesFirefighters battled wildfires in the Scottish Highlands for a third day on Monday in a situation the first minister has called “extremely serious”.The Scottish Gamekeepers Association (SGA), which has helped tackle the blazes, warned the fires are “becoming a danger to human life” that are leaving “stretched” firefighters unable to attend other incidents. Continue reading...

Events

8 h. ago Trump’s deal that got migrants shipped to notorious El Salvador prison is only making MS

Deporting gang leaders allows them to be ‘silenced’ by Bukele, critics fear

Events

8 h. ago Watch: Trump plans to sign executive order to end sanctions on Syria

President Donald Trump plans to sign an executive order lifting Syria sanctions, White House press secretary Karoline Leavitt has revealed.

Politics

8 h. ago ‘If it’s the last thing I do’: Elon Musk promises to fund campaigns against Republicans who vote for Trump’s ‘Big Beautiful’ bill

Musk, who walked back some criticism of Trump after blow-up, reignited feud

Politics

8 h. ago Trump bill latest: Musk warns ‘Porky Pig Party’ of debt slavery as Senate ‘vote

Senators voting on unlimited series of amendments to sprawling tax and spending megabill

Events

8 h. ago Trump threatened tough punishment for employers who hired migrant workers. So far only a handful have faced the wrath

The Trump administration has promised to ‘flood the zone’ and conduct unprecedented enforcement actions against businesses employing undocumented workers

Events

9 h. ago ‘We could just have a blast’: Trump invited to attend Sturgis motorcycle rally

Sen. Rounds invited Trump to attend the annual Sturgis Motorcycle Rally, saying he would “be impressed with the reception.”

Politics

9 h. ago John Fetterman moans about missing family beach trip to vote on Trump bill: ‘I just want to go home’

‘Oh my God, I just want to go home,’ Fetterman said during a marathon voting session in the Senate over the president’s ‘big, beautiful bill’

Politics

9 h. ago Trump vents online about service provider after conference call marred by glitch

President Donald Trump is complaining about technical difficulties he experienced while trying to hold a conference call with faith leaders across the country

Politics