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    UK

    Yesterday

    How this tiny English village got a US tech money makeover

    Before Michael Birch swooped in, few people had ever heard of Woolsery in North Devon. Now the smart London set happily spend hours driving there.

    • Jane Knight

    This Month

    Critics of the Albanese government’s gas strategy seem content for governments to prolong the lives of coal-fired power stations at taxpayers’ expense.

    Gas critics are signing up for coal and candles

    The climate movement needs to ask itself what is worse: gas in the new energy mix, or coal that lingers for longer.

    • Craig Emerson
    The US is now the sole engine of economic growth again.

    Why the world won’t respond to shocks as it did before

    The world economy is fragmenting, with countries going in different directions. They will not react to frequent violent changes in the same ways.

    • Mohamed El-Erian
    Dozens of men have more than five separate domestic violence victims each.

    Domestic violence is also a workplace issue

    Governments should take the lead on the problem, but other groups can do more, including employers. Companies can achieve much more than many imagine.

    • Pilita Clark
    The Bank of England is hoping for a rosier economic picture.

    Bank of England boss ‘optimistic’ interest rate cuts are coming

    The BoE left its benchmark unchanged at 5.25 per cent, but the UK economy is looking ripe for a rate cut.

    • Updated
    • Hans van Leeuwen
    Advertisement

    Anglo’s South African investors open to improved BHP bid

    The shareholder stance defies South African government hostility to the plan that would break up the national champion.

    • Harry Dempsey and Rob Rose
    Apartments for rent in the West Village neighbourhood of New York.

    Why Australia’s long-suffering renters are not alone

    Rents are soaring not only in Australia but also in the US, UK and Canada, preventing inflation from declining closer to central banks’ targeted levels.

    • Swati Pandey, Irina Anghel and Enda Curran
    Russian soldiers march during the Victory Day military parade dress rehearsal in Red Square.

    Russia not looking for global power clash: Putin

    Vladimir Putin now casts the war as part of a holy struggle with the West, which he says has forgotten the role played by the Soviet Union in defeating Nazi Germany.

    • Updated
    • Guy Faulconbridge
    A Seahawk helicopter prepares to take off from the deck of HMAS Hobart.

    Australia’s defence chief rejects Chinese spying claims

    In his first comments on dramatic helicopter near miss, General Angus Campbell said a Chinese pilot had acted unsafely and unprofessionally.

    • Andrew Tillett
     Zeekr EVs were all the rage at the  China Auto Show in Beijing last month.

    This is how China’s car dealers are driving the EV revolution

    Chinese car dealers are ditching foreign brands slow to respond to the EV transition, while turning to homegrown makers that have been gobbling up market share.

    • Gloria Li

    Garrick Club of London votes to accept female members for first time

    The vote – a margin of roughly 60 per cent to 40 per cent – will open membership to women for the first time since the club’s founding in 1831.

    • Mark Landler
    For the big four, one of the big issues of 2022 was finding and keeping staff.

    Why can’t top auditors find fraud?

    US regulators have put forward a series of proposals to clarify and extend responsibilities to spot wrongdoing.

    • Stephen Foley
    PsiQuantum’s co-founders Jeremy O’Brien and Terry Rudolph are confident they will win bipartisan support in Australia.

    PsiQuantum in talks for bipartisan support but Coalition not swayed

    PsiQuantum is confident of winning over sceptical politicians by highlighting its backing from both major parties in the US, where it has defence contracts.

    • Tess Bennett
    Australia

    Why Australia’s housing crisis has gone global

    Households are going backwards in 13 developed economies, including Australia, as record immigration runs into a housing crisis.

    • Updated
    • Randy Thanthong-Knight, Swati Pandey and Tom Rees
    Vladimir Putin.

    Russia plotting sabotage across Europe, intelligence agencies warn

    Russia has begun to more actively prepare covert bombings, arson attacks and damage to infrastructure on European soil, directly and via proxies, officials say.

    • Sam Jones, John Paul Rathbone and Richard Milne
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    PsiQuantum co-founder and CEO Jeremy O’Brien at the government announcement in Brisbane last week.

    Quantum computing breakthroughs draw investment back to sector

    Many in the industry believe that a clear route has recently opened up to building large-scale systems that will bring real technical and business advantages.

    • Richard Waters
    Putting on a brave face… British Prime Minister Rishi Sunak.

    Sunak clings on as PM by the skin of his teeth

    The local elections were disastrous for the British PM, but rebel Tories have paused because the outcome suggests Labour may not be on course for a landslide.

    • Hans van Leeuwen
    Rishi Sunak, the prime minister of Britain.

    Tories suffer historic losses in UK local elections as voters revolt

    The Conservative have lost dozens of seats on local councils - a result that suggests the party faces one of its biggest-ever defeats in the upcoming general election.

    • Pan Pylas
    Capify is saying goodbye to Goldman Sachs as its funder.

    ‘Twenty-five times salary’: Goldman scraps bonus cap for bankers

    Goldman will allow star traders and deal makers to earn up to 25 times their salary. The bank is trying to make London more attractive to top bankers after Brexit.

    • Eir Nolsoe and Michael Bow
    Japan is looking to develop new air, missile, and other defence technologies with others.

    How to make sure JAUKUS is a success

    It’s a no-brainer to bring Japanese technology into AUKUS pillar 2. But it needs to take account of Tokyo’s inexperience and concerns about high-level military co-operation.

    • Shingo Yamagami and Paul Maley