Fathers ‘betrayed’ by Labour workers’ rights bill, say paternity leave campaigners
Drugmaker AstraZeneca shifts more production to US amid Trump tariffs
AstraZeneca said it was shifting the production of some medicines sold in the US from Europe to the US, to counter the impact of Donald Trump’s trade tariffs.Speaking as the company reported higher sales and profits for the first quarter, the FTSE 100 pharma company reiterated that the UK, and the rest of Europe, risked losing out to the US and China unless they ramped up spending on new medicines. Pascal Soriot, AstraZeneca’s chief executive, warned that well-paid advanced manufacturing and research jobs could move to the US in the long run.While the industry is holding its breath in case of threatened US tariffs on the pharma sector, which has been largely exempt from duties under a 1995 World Trade Organization agreement aimed at keeping medicines affordable, Soriot said the impact on AstraZeneca would be limited.If tariffs were imposed in the range announced against imports from other industries from Europe to the US, the drugmaker would still be able to achieve its targets this year, as it has built up inventories in the US, he said
HSBC sounds alarm on trade war; Trump to soften blow of automotive tariffs – business live
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.Companies around the world are calculating the impact of Donald Trump’s trade war, and today we’re hearing from one of the world’s largest banks.HSBC has set aside more money for bad debts this morning, warning that the economic outlook has deteriorated due to “geopolitical tensions and higher trade tariffs”.HSBC has increased its expected credit losses (ECL) to $900m in the first quarter of 2025, which is $200m higher than in January-March 2024, as it lifted its provisions for debts going sour.This helped to knock HSBC’s profits for the quarter down by around a quarter, to $9
Elon Musk’s Doge conflicts of interest worth $2.37bn, Senate report says
Elon Musk and his companies face at least $2.37bn in legal exposure from federal investigations, litigation and regulatory oversight, according to a new report from Senate Democrats. The report attempts to put a number to Musk’s many conflicts of interest through his work with his so-called “department of government efficiency” (Doge), warning that he may seek to use his influence to avoid legal liability.The report, which was published on Monday by Democratic members of the Senate homeland security committee’s permanent subcommittee on investigations, looked at 65 actual or potential actions against Musk across 11 separate agencies. Investigators calculated the financial liabilities Musk and his companies, such as Tesla, SpaceX and Neuralink, may face in 45 of those actions
Self-service tills: a bleeping pain or brilliant? | Letters
Thank you, Hilary Freeman, for catching and coining the central movement which is sickening us all: “the slow erosion of human contact that heralds the dehumanisation of yet another society” (Hell is not other people – it’s being stuck in the ninth circle of an automated telephone service, 22 April).We need it, we will die without it. For Freeman, it comes with the introduction of ATMs to Tuvalu; for me, it’s the self-checkout tills of the Co-op around the corner. I used to chat to Brenda. I can’t do it now, and something dies inside me
Madrid Open tennis resumes after chaos caused by massive power outage
The Madrid Open resumed on Tuesday afternoon after a massive power outage left Spain and Portugal without electricity on Monday and forced the tournament to suspend all matches after 90 minutes of play. After about 10 hours without electricity and mobile internet for most people in Madrid, power to homes and phones returned late on Monday night, prompting widespread cheers in the streets. However, the Caja Mágica, which is situated in the southern neighbourhood of San Fermín, remained without power overnight.At 7am, the Madrid Open announced that the opening of the gates had been delayed. An hour later, power was finally restored
Nat Sciver-Brunt named England Women’s captain and vows to empower team
Nat Sciver-Brunt has said she will empower her players to be the “best version of themselves” after being appointed as the new captain of the England women’s team. As first reported by the Guardian last week, the 32-year-old all-rounder has stepped up to fill the vacancy left by Heather Knight’s departure in March, the first appointment by the new head coach, Charlotte Edwards.Sciver-Brunt, who is on parental leave after her wife, the former England seamer Katherine Brunt, gave birth, said: “I’m really proud to take on the role and it’s an honour to have been asked by Charlotte, someone I’ve always looked up to. I have wanted to do is help the team in every way that I can.“I will try my best to lead this team to success, whilst empowering them to be the best version of themselves
Primark owner’s shares drop as sales fall amid Trump tariff fears
BP green energy chief to exit as it retreats from low-carbon investments
What are ‘nudification’ apps and how would a ban in the UK work?
‘It’s nearly impossible’: learner drivers on the difficulty of booking a test
The Breakdown | Red Roses triumph again but cannot afford another World Cup wobble
Marathon great Des Linden’s last dance: what happens when an 18-year career ends?