Financial Times

Kamala Harris has raised $200 million in the first week of her election campaign, surpassing previous fundraising records and showing signs of progress in the polls.

Rachel Reeves is set to officially delay a series of “unfunded” hospital and road projects, as part of measures to tackle an estimated £20 billion fiscal hole left by schemes championed by the previous Conservative government.

Revolut has obtained a UK banking licence after over three years of negotiations with regulators, enhancing its growth prospects in the domestic market, reports the Financial Times.

US technology stocks have experienced a significant decline due to major companies like Tesla and Alphabet failing to meet market expectations, causing investors to shift their focus towards smaller companies and AI ventures.

Ministers may need to put Britain’s high-speed rail plans on hold as a result of significant cost overruns and delays, highlighting broader economic challenges and budgetary constraints, compounded by warnings about the NHS reaching a critical point and potential future reductions in transport capacity.

Kamala Harris is on the verge of securing the Democratic nomination for the US presidency, with endorsements from prominent figures like Nancy Pelosi, the Clintons, and key governors, and a significant boost to her campaign funds.

US President Joe Biden has announced he is withdrawing from the upcoming White House race and endorses Vice President Kamala Harris as his successor, following weeks of pressure and citing the best interests of the country.

A widespread IT outage has severely disrupted travel, financial and health services globally, caused by a software update issue linked to CrowdStrike, affecting Microsoft users and potentially taking days to fix.

Senior Democratic figures, including former President Obama and Speaker Pelosi, are raising doubts about President Biden’s viability in the upcoming White House race due to concerns over his re-election prospects and the impact on Senate seats.

Sir Keir Starmer has set out a series of legislative measures aimed at fostering significant economic growth, addressing worker rights, and initiating substantial planning reforms.