Rolling coverage of markets, economics and business news as shares in Asia fall
The top riser anywhere on the FTSE 350 is Mitchells and Butlers, the restaurant owners bucking the struggles of many other consumer-facing companies (cf. Kingfisher today).
Prime minister tells business council he wants shorter timeline for environmental approvals
Scott Morrison has flagged an overhaul of environmental approvals for major projects and a willingness to further streamline the industrial relations system, as he makes a fresh deregulation pitch to business.
Saying the government wants to “get major projects off the ground sooner”, Morrison has told the Business Council of Australia that he wants to reduce the length of time it takes for businesses to navigate environmental approvals.
Benny Gantz must strike deal by midnight, but suggests no progress made in negotiations
The Israeli opposition leader, Benny Gantz, has until midnight to form a government that could end Benjamin Netanyahu’s historic tenure or risk pushing the country towards an unprecedented third round of elections.
Paralysed for months by inconclusive ballot results, the political stalemate has played out during a fraught time for Israel as an increasingly open conflict heats up with Iran, its arch-enemy and a regional powerhouse.
Pressure on royal grows as telecoms firm becomes latest to distance itself from prince
BT has said it will not work with a company that counts Prince Andrew as patron, amid a growing exodus away from the royal.
Andrew’s disastrous interview about his friendship with the convicted child sex offender Jeffrey Epstein and alleged sexual encounter with a teenager has already led a number of prominent businesses and organisations to sever ties with his entrepreneurial scheme, Pitch@Palace.
Dominic Raab defends rebranding account during debate and adds: ‘no one gives a toss’
Twitter has accused the Conservatives of misleading the public after they rebranded one of their official party accounts to make it look like a factchecking service during the ITV leaders’ debate.
Andrew ‘Twiggy’ Forrest joins Mike Cannon-Brookes to raise tens of millions of dollars for Sun Cable
The mining magnate and philanthropist Andrew “Twiggy” Forrest has joined fellow billionaire Mike Cannon-Brookes in raising tens of millions of dollars to build a giant solar farm in the Northern Territory to supply electricity to Singapore.
Scotland’s Photograph Album: The MacKinnon Collection celebrates Scottish life and identity from the 1840s through to the 1940s. The photographs were amassed by collector Murray MacKinnon and illustrate a century of dramatic transformation and innovationContinue reading...
Brendan McGrath resigns from debating society after student forcibly removed from event
The president of the Oxford Union has resigned after a blind student was forcibly removed from a debate event by security guards.
Ebenezer Azamati, a postgraduate student, was taken from the venue by a security guard when he tried to return to his seat before the debate last month.
A new Netflix documentary takes a no-holds-barred look at yoga guru Bikram Choudhury, still training teachers after dozens of accusations of abuse
Choice of Atlanta is testament to power of the black vote as Democrats hope to turn solidly Republican state blue in 2020
At an open plan loft space in central Atlanta the sense of excitement among assembled Democrat voters was palpable, despite the grey sky outside.
In Nigeria’s megacity, rampant development and a growing population are forcing communities to go further for fish
Almost as soon as the fishermen arrive with their haul, it disappears. The fish market in Epe, at the edge of Lagos, now runs like a kind of seafood cabal, with demand so high that many miss out. The major buyers are served as a priority – the big Lagos restaurants, a few cold room owners, then the rest. Sometimes smaller fishermen will sell to favoured market-stall holders. There is simply not enough to go around.
Extreme heat hits across the country as parts of Victoria prepare for worst possible bushfire conditions on Thursday
All of Australia’s mainland states, and the Northern Territory, had areas that reached more than 40C on Wednesday, as residents have been warned it is too late to leave as two serious bushfires hit areas of South Australia.
A code red bushfire warning – signifying the worst possible conditions – was also issued for parts of Victoria for Thursday.