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Around the world, climate-sceptic parties are exploiting floods and fires to make political capital. Without urgent changes, this deadly spiral will continueRecent unprecedented heatwaves in the UK may have killed thousands of people. Children are suffering in overheating schools. NHS trusts are straining under record-breaking demand. This all comes after climate extremes have even affected national security, with three of Britain’s five worst harvests coming since 2020, impairing food

Asian shares tumble with South Korea’s Kospi down nearly 10%Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.It’s a gloomy start to the week as attacks between the US and Iran in the Gulf continue. Tehran said it had closed the strait of Hormuz, while Donald Trump insisted the key shipping passage remained open and US officials said 20 ships were escorted through the waterway in the past 24 hours.For now, we remain hopeful that

Mega-donors are coming under scrutiny with growing calls for donations cap beyond those from overseas investorsThe question of who funds politicians and political parties – and why they want to give money to get people elected – is an extremely heated one. In principle, UK voters can support their chosen politicians through donations or benefits, as long as those candidates and their parties keep within spending limits during an election period, which is designed to stop powerful inter

Direct oversight of ‘critical third parties’ such as Oracle and Microsoft given to ensure resilient cyber-defences and help safeguard UK economyThe Bank of England has been handed powers to regulate important tech firms including Amazon and Google from next week, amid fears that system failures could threaten financial stability and harm consumers.From Monday, the Bank and fellow City regulator the Financial Conduct Authority (FCA) will be in charge of ensuring that four large-scale pr

His byelection stunt shows he is clearly rattled by a perilous position. Wildcards rarely endure: his future is behind himBritain’s politics was never so weird. First, the people of Makerfield choose who should be the new prime minister. Now the people of Clacton are to confirm the man who is currently his most popular challenger. Nigel Farage’s Reform UK is still running ahead of all other parties, and he is ahead of all other current leaders. It would be foolish to underestimate him.