Financial Times

The European Central Bank has reduced interest rates for the first time in five years following a decrease in inflation, with a quarter-point drop from a historically high rate.

The Financial Times highlights the row between Rishi Sunak and Sir Keir Starmer over Labour’s tax plans.

Indian voters have delivered a shock to Prime Minister Narendra Modi as the ruling Bharatiya Janata Party (BJP) failed to win a majority in the latest elections, necessitating the support of small allies for a potential third term in office.

Prime Minister Rishi Sunak’s troubles have deepened with Nigel Farage’s entry into the electoral fray and polls indicating a significant Labour majority, highlighting concerns within the Conservative Party over their ability to maintain control.

The Russia-China gas pipeline deal has encountered significant delays as Beijing adopts a tough stance on pricing, leveraging its stronger negotiating position amid shifting war sanctions and Gazprom’s urgent need for a boost.

Donald Trump has criticised what he claims is a “rigged” trial following his historic criminal convictions related to “hush money” verdicts, with his campaign citing a significant fundraising surge and expressing intentions to appeal.

British voters are anticipating tax increases despite reassurances from both Labour and the Tories, with scepticism growing over party promises, public finances under strain, and the IMF highlighting a potential £30bn shortfall.

Europe has only a small fraction of the air power needed to effectively guard NATO’s eastern flank, highlighting gaps in defence readiness amid mounting concerns over Russia’s military capabilities and the aerial threat demonstrated by the conflict in Ukraine.

The Financial Times reports on Ofwat’s plans for a recovery regime to save struggling water companies from nationalisation.

The Financial Times highlights the prime minister’s pledge to increase pensions.