Emails reveal Peter Mandelson advised Jeffrey Epstein that JPMorgan should pressure the UK over the 2009 bankers’ bonus tax, urging contact with the chancellor. He says he sought to protect jobs and investment. Labour is under pressure to address the revelations.

Donald Trump nominated Kevin Warsh to lead the Fed, signalling a firmer stance on inflation. Markets backed the dollar and trimmed expectations of rapid rate cuts. US yields rose while gold fell as investors priced in steadier policy and renewed questions over central bank independence.

US immigration agencies under the Trump administration have awarded about $22bn in contracts since July, with Palantir and Deloitte among winners. ICE’s spending has doubled, and donor-linked Fisher Sand & Gravel has gained about $6bn. Deals cover tech, detention and logistics services.

Mining groups added $476bn in market value as metal prices rose on geopolitical jitters and a weaker dollar. Gold and silver climbed, copper hit multi‑year highs, and investors rotated into commodities. Rio Tinto and Glencore posted stronger results, buoyed by higher prices.