Republicans want working-class voters — without actually supporting workers

GOP courts blue collar voters but most favor anti-union ‘right to work’ laws and reject laws that would protect right to organize

After years of struggle, America’s labor unions enjoy greater public approval than at any time in more than 50 years. Yet even as the Republican party seeks to rebrand itself as the party of the working class, its lawmakers, by and large, remain as hostile as ever toward organized labor. It doesn’t look like that situation is about to change.

With the midterm elections approaching, and many polls indicating that the Republicans will win control of the House, nearly all Republican lawmakers in Congress oppose proposals that would make it easier to unionize. One hundred and eleven Republican House members and 21 senators are co-sponsoring a bill that would weaken unions by letting workers in all 50 states opt out of paying any fees to the unions that represent them. And at a time when many young workers – among them, Starbucks workers, Apple store workers, museum workers, grad students – are flocking into unions, Republican lawmakers often deride unions as woke, leftwing and obsolete.

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Tory backer says UK economy is ‘frankly doomed’ without Brexit renegotiation

Guy Hands says Conservatives are putting country ‘on a path to be sick man of Europe’

The billionaire businessman Guy Hands has accused the Conservatives of putting the UK “on a path to be the sick man of Europe”, as he issued a series of stark predictions about what could lie ahead for the post-Brexit economy, including higher taxes and interest rates and fewer social services.

The founder and chair of the private equity firm Terra Firma, a longtime Tory supporter, called for the government to renegotiate Brexit, stating that otherwise the British economy was “frankly doomed”.

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Outsourcer Interserve fined £4.4m for failing to stop cyber-attack

Watchdog says phishing email enabled hackers to steal personal information of 113,000 employees

Britain’s data watchdog has fined the construction group Interserve £4.4m after a cyber-attack that enabled hackers to steal the personal and financial information of up to 113,000 employees.

The attack occurred when Interserve ran an outsourcing business and was designated a “strategic supplier to the government with clients including the Ministry of Defence”. Bank account details, national insurance numbers, ethnic origin, sexual orientation and religion were among the personal information compromised.

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Starmer ‘should bring in workplace pension for the self-employed’

Fabian Society also says Labour needs to be radical and introduce better provision for the lowest paid

Sir Keir Starmer should promise that a future Labour government would introduce a new workplace pension for self-employed workers and more generous retirement provision for the low paid, a leading left-of-centre thinktank has said.

Calling for the biggest shake-up of the pensions’ system in two decades, the Fabian Society said Labour needed to copy the radical approach of the Turner Commission two decades ago, which encouraged saving through opt-out schemes.

Increasing the minimum contributions for workplace auto-enrolment pensions to 12% of total earnings from the current 8%. This would be done by phasing in higher contributions from employers over time.

The introduction of new pension credits for carers, who are primarily women, to reduce the “gender pensions gap”

Changes to how people access pensions at retirement so that separate pensions are automatically consolidated into a single fund and then converted into new whole-of-retirement pension plans designed to increase with inflation.

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Rishi Sunak enters race to replace Liz Truss as UK prime minister

Ex-chancellor announces candidacy for Tory leadership contest as allies of Boris Johnson say he is planning to run

Rishi Sunak has won the backing of former rival Suella Braverman as he formally declared he would stand to be Conservative leader, while allies of Boris Johnson said he was still planning to run.

The former chancellor announced his candidacy on Twitter, after coming second in the previous contest against Liz Truss.

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Frasers builds 5% stake in Asos to become fourth-largest investor

Mike Ashley’s increased holding comes after online retailer reported slowing sales and full-year loss

The billionaire retailer Mike Ashley has built up a stake of more than 5% in the online fashion retailer Asos.

His fashion and sportswear retailer Frasers Group informed Asos on Friday that it had become one of the company’s most signifiant shareholders.

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Peak power: hydrogen to be injected into UK station for first time

Exclusive: Joint venture with Centrica is aimed ultimately at reducing carbon intensity at the site

Hydrogen will be injected into an emergency gas-fired power station for the first time in a pilot backed by the owner of British Gas.

Centrica has invested in an industry joint venture which will trial using hydrogen at an existing “peaking plant” at its Brigg station in Lincolnshire, the Guardian can reveal.

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Rocketing costs and drop in ticket sales force musicians to pull tour dates

Animal Collective, Bonobo and Mercury prize winner Little Simz among acts to cancel concerts

Musicians are cancelling concerts and entire tours because the rising costs of staff and materials coupled with a drop off in ticket sales is making them too expensive to run.

Earlier this month, US band Animal Collective cancelled forthcoming European dates as“not sustainable”. Within days, the UK downtempo producer Bonobo called time on future live shows in America, describing them as “exponentially expensive”. Then electronic musician Tourist rescheduled a US stint, saying “sometimes tickets just don’t get sold”.

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Business racing to use facial recognition technology, raising concerns the law is too slow to catch up

Clubs NSW says the scheme will be used to combat problem gambling, but experts warn of a lack of safeguards and regulation

The rollout of facial recognition technology in all New South Wales pubs and clubs shows how business is forging ahead collecting biometric information before the law has had a chance to catch up, experts warn.

The NSW government this week introduced new laws allowing the use of facial recognition throughout pubs and clubs, despite not yet developing rules to guide the rollout.

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UK economic outlook downgraded to ‘negative’ by rating agency

Moody’s say downgrade from ‘stable’ was driven by political instability and high inflation

The UK’s economic outlook has been downgraded from “stable” to “negative” by the rating agency Moody’s because of political instability and high inflation.

Moody’s said the change in outlook was driven by “heightened unpredictability in policymaking amid weaker growth prospects and high inflation” and “risks to the UK’s debt affordability from likely higher borrowing and risk of a sustained weakening in policy credibility”.

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Great save? Lower league clubs mull early kick-offs to cut energy bills

With budgets always tight some smaller football clubs are looking to offset their soaring power costs

Shrewsbury Town’s fans had long since filed out of the Montgomery Waters Meadow stadium after the defender Chey Dunkley had scored an injury-time winner against Exeter, when Brian Caldwell looked angrily skyward. The League One club’s chief executive was unimpressed to see the ground’s floodlights still burning bright.

Caldwell is among the football executives trying to limit the financial pain from huge energy bills. Faced with an even bigger surge in his annual costs, Caldwell was forced to settle for a £100,000 increase, to £180,000, when signing a new energy contract in April. “It’s a massive dent in our finances. Football clubs are not normal businesses, they’re set up to break even and put the money you can into the playing budget,” he said.

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After eight rounds, is there space for further EU sanctions on Russia?

Baltic states and Poland have a long shopping list, but host of others seen as cautious of new measures

Russia-Ukraine war – latest news updates

Since Vladimir Putin launched his invasion of Ukraine, Russia has been subjected to the heaviest sanctions of any country in the world.

A fossil fuel superpower, Russia is no longer able to export coal to the European Union and will soon lose 90% of its oil sales to the bloc. In the other direction, the EU has banned the export of hundreds of goods to Russia, from hi-tech military kit and semiconductors that could aid Russia’s military, to makeup, handbags and clothes that may turn a handsome profit for Russian entrepreneurs.

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UK energy suppliers ask Rees-Mogg to reverse part of bill granting new powers

Companies including EDF, Centrica and Octopus express ‘alarm’ over bill allowing ministers to overrule Ofgem

The UK’s big energy suppliers have urged the government to reverse part of its energy prices bill, saying it grants “extensive” new powers to ministers and puts billions of pounds worth of investment in jeopardy.

The bill, which is making its way through parliament, was introduced as part of efforts to reduce household costs and address the broader energy crisis.

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Barclays could be fined £50m for failing to disclose 2008 Qatari deal

Provisional fine relates to £322m bank paid to Gulf state allegedly in exchange for £4bn investment to save lender from bailout

The City watchdog could fine Barclays up to £50m for failing to disclose a deal struck with Qatar at the height of the financial crisis, reviving a controversial episode that failed to gain traction in UK courts.

The provisional fine – which Barclays is in the process of appealing against – relates to the £322m the bank paid to Qatar in 2008, allegedly in exchange for the gas-rich Gulf state investing £4bn, helping save the lender from a UK government bailout.

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Australia’s jobless rate is steady as she goes – and so too is the economy

Unemployment has come in at 3.5% for the second month in a row. That’s good news for economic growth – if people have jobs, they’re more likely to spend

September’s jobless figures may have remained steady, but a deeper dive shows the seemingly dull and inert data is worth a closer look.

The labour market numbers from the Australian Bureau of Statistics are, on the face of it, almost as steady as is statistically feasible.

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Queensland government clears way for controversial New Acland coalmine expansion

Stage three of New Hope Group’s open-cut mine granted a water licence, allowing work to proceed

Work can begin on the expansion of the controversial New Acland thermal coalmine after the Queensland government granted a water licence for the project.

Stage three of New Hope Group’s open-cut mine was on Thursday granted a water licence, clearing the final hurdle for work to start.

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Biden implores US oil companies to pass on record profits to consumers

President announces release of 15m barrels of oil from strategic reserve as he fights to keep gas prices in check before midterms

Joe Biden has called on oil companies to pass on their massive profits to consumers as he announced the release of 15m barrels of oil from the US strategic petroleum reserve.

Biden is fighting to keep gas prices in check ahead of November’s midterms. He blamed Vladimir Putin’s invasion of Ukraine for the global spike in oil prices and said his administration was doing all it could to keep prices in check.

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Hong Kong launches $3.8bn fund to attract foreign businesses back

Chief executive says territory will ‘trawl world for talent’ after lockdowns and political unrest cause brain drain

Hong Kong has unveiled a HK$30bn ($3.8bn) co-investment fund to attract overseas businesses back to the city after an exodus of talent prompted by strict lockdowns and a tumultuous political climate.

A raft of measures to address the brain drain were announced by Hong Kong’s chief executive, John Lee, in his first policy address on Wednesday – although his plans have largely failed to reassure investors.

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Netflix reverses subscriber decline with help from Stranger Things and Dahmer

Streaming service adds 2.4m subscribers in past three months to comfortably beat forecasts after ‘challenging’ first half of year

Netflix added 2.4m new subscribers in the last three months, more than twice what had been expected and reversing back-to-back quarters of decline, the company announced on Tuesday.

The streaming company had been expected to add 1m new subscribers over the latest quarter, which included the release of hit shows including the latest series of Stranger Things, Sandman and Dahmer – Monster: The Jeffrey Dahmer Story.

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French cement firm admits paying IS nearly $6m to keep Syrian plant open

Lafarge agrees to $778m fine after pleaded guilty in US trial to conspiring to provide material support to a terrorist organisation

The French cement company Lafarge pleaded guilty on Tuesday to paying millions of dollars to the Islamic State group in exchange for permission to keep open a plant in Syria, in a case the US justice department called the first of its kind. The company also agreed to penalties totalling about $778m (£688m).

Prosecutors accused Lafarge of turning a blind eye to the conduct of the militant group, making payments to it in 2013 and 2014 as IS occupied a broad swath of Syria and as some of its members were involved in torturing or beheading kidnapped westerners. The company’s actions occurred before it merged with a Swiss company Holcim, to form the world’s largest cement-making business.

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