HSBC boss says Rachel Reeves putting up bank taxes would harm UK growth

Georges Elhedery’s comments come amid speculation the chancellor could make such a move in autumn budget

The boss of HSBC has joined a growing chorus of bankers cautioning Rachel Reeves against increasing taxes on banks in her autumn budget, warning it risked “eroding” investment and ultimately harming UK growth.

Georges Elhedery, its chief executive, said banks in the UK were already subject to the highest level of taxes on profits compared with other sectors, and paid more than in most other countries. He said placing further financial pressures on lenders could spell trouble for the UK economy.

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British Jewish leaders call for rapid increase in Gaza aid

UK’s largest Jewish body adds to pressure on Israel, saying recent move to allow in limited aid was ‘long overdue’

The UK’s largest Jewish organisation has called for a “rapid, uninhibited, and sustained increase in aid through all available channels” in Gaza in a rare implicit criticism of the Israeli government.

The Board of Deputies held an emergency meeting on Tuesday evening amid growing horror among British Jews at the humanitarian crisis in Gaza, with children malnourished and starving and desperate parents being killed as they try to secure food for their families.

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Wednesday briefing: Facing the reality of Gaza’s ‘unfolding’ famine

In today’s newsletter: As Keir Starmer announces caveated plans to recognise the Palestinian state, and UN-backed experts say the ‘worst-case scenario’ is under way, is opening the borders to allow aid in the only hope?

Good morning. Humanitarians are running out of words to describe the horrors taking place in Gaza. The small strip of land has been brutalised, with all institutions that sustain life – from hospitals to schools – either completely destroyed or barely functioning. Now, the UN-backed Integrated Food Security Phase Classification (IPC) warns that “the worst-case scenario of famine is now unfolding in the Gaza Strip.”

Thousands of children are malnourished and hunger-related deaths on the rise, particularly among the youngest. It is worth noting this is not a formal designation of famine in Gaza, and formal designations are incredibly rare and have only taken place a handful of times in the 21st century: in Somalia in 2011, in South Sudan in 2017 and 2020, and in Sudan in 2024.

Asia-Pacific | A powerful 8.8-magnitude earthquake has triggered a series of tsunami warnings and evacuation orders across Japan, the US and parts of the Pacific, after the shallow quake hit near Russia’s Kamchatka Peninsula.

Israel-Gaza war | A group of high-profile Israeli public figures, including academics, artists and public intellectuals, has called for “crippling sanctions” to be imposed by the international community on Israel, amid mounting horror over its starvation of Gaza.

Labour | Jeremy Corbyn has accused the Labour government of “appeasing” Reform UK by “scapegoating” migrants and minorities for its own domestic policy failures, saying his new leftwing political party would take on Nigel Farage instead.

Economy | Global growth will be stronger than previously expected this year after Donald Trump scaled back his most extreme tariff threats, the International Monetary Fund said as it upgraded the economic outlook for 2025.

UK news | Five women who were abused as children by Rotherham grooming gangs were also raped by police officers when they were as young as 12 years old, they have claimed.

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Starmer hopes ‘pathway to peace’ will end Gaza war. History is not on his side

From Balfour declaration to Tony Blair, UK has struggled to drive meaningful progress towards peace in Middle East

The former British prime minister Harold Macmillan once said there was no problem in the Middle East because a problem had a solution. Keir Starmer is the latest incumbent in No 10 to try to prove Macmillan wrong, with a plan that has been described by Downing Street as a “pathway to peace” for Gaza and the wider region. The record of Britain’s previous interventions do not augur well.

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UK to recognise state of Palestine in September unless Israel holds to ceasefire

Cabinet agrees to support Middle East roadmap at emergency meeting called amid humanitarian crisis in Gaza

The UK will formally recognise the state of Palestine this September as a result of the “increasingly intolerable” situation on the ground in Gaza, unless Israel abides by a ceasefire and commits to a two-state solution in the Middle East.

Keir Starmer’s cabinet has agreed a roadmap for peace in the region after coming under intense domestic pressure over the mounting humanitarian crisis in the territory, and calls to follow France in acknowledging statehood.

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US and China poised to extend tariff truce after failing to find resolution at talks

Trump will need to approve pause, say US representatives after negotiations end with sides failing to break deadlock on trade terms

US and Chinese negotiators have agreed in principle to push back the deadline for escalating tariffs, although America’s representatives said any extension would need Donald Trump’s approval.

Officials from both sides said after two days of talks in Stockholm that while had failed to find a resolution across the many areas of dispute they had agreed to extend a pause due to run out on 12 August.

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ChatGPT launches study mode to encourage ‘responsible’ academic use

Tool gives guidance rather than serving up complete essays or answers, amid rising AI misuse at universities

ChatGPT is launching a “study mode” to encourage responsible academic use of the chatbot, amid rising cases of misuse of artificial intelligence tools at universities.

The feature, which can be accessed via the chatbot’s tools button, can walk users through complex subjects in a step-by-step format akin to an unfolding academic lesson.

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‘The war needs to end’: is the US right turning on Israel?

Longstanding ties between US conservatives and Israel face strain as war’s toll and internal rifts reshape the right

As the Israel-Gaza war nears its two-year mark, and as images of starving people and utter devastation flood social media, cracks seem to be emerging in the American right’s typically iron-clad support for Israel.

The US continues to support Israel diplomatically and militarily, and last Thursday pulled out of peace negotiations that it accused Hamas of sabotaging. And in the US Congress, only two Republicans voted for a recent amendment that would have pulled funding for missile defense systems for Israel. One of them, Marjorie Taylor Greene, on Monday became the first Republican to call Israel’s war a “genocide”.

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Jewish father attacked by mob at Italian service station

Man said chants began when a cashier shouted ‘Free Palestine’ after noticing he and his son were wearing kippahs

A Jewish father and his six-year-old son were targeted by a mob on Sunday chanting “Free Palestine” and “murderers” at a service station near Milan, with the man eventually pushed to the floor and repeatedly kicked, in the latest of a sharp rise in antisemitic incidents across Europe.

According to the victim – a 52-year-old French Jew who lives in France and gave his name only as Elie– the incident began when a cashier shouted “Free Palestine”, upon noticing that he and his son were wearing kippahs.

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Overnight strikes on Ukraine kill 25 as Trump sets Russia new truce deadline

Missile attack on prison in frontline region of Zaporizhzhia kills 16 as Kyiv hopes for US action against Moscow

Russia launched one of its deadliest night assaults on Ukraine for months in the early hours of Tuesday, the day after Donald Trump said he was setting a new deadline of “10 or 12 days” for Russia to make progress towards ending the war or face new sanctions.

A series of Russian strikes across the country killed at least 25 people, Ukrainian officials said, including a 23-year-old pregnant woman and more than a dozen prison inmates. About 100 people were injured across the country.

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Gorilla habitats and pristine forest at risk as DRC opens half of country to oil and gas drilling bids

Government launches licensing round for 52 fossil fuel blocks, potentially undermining a flagship conservation initiative and affecting an estimated 39 million people

The Democratic Republic of the Congo (DRC) is opening crucial gorilla habitats and pristine forests to bids for oil and gas drilling, with plans to carve up more than half the country into fossil fuel blocks.

The blocks opened for auction cover 124m hectares (306m acres) of land and inland waters described by experts as the “world’s worst place to prospect for oil” because they hold vast amounts of carbon and are home to some of the planet’s most precious wildlife habitats, including endangered lowland gorillas and bonobo.

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China floods: more than 30 killed in Beijing and tens of thousands evacuated

Authorities relocated 80,000 residents from China’s capital after registering rainfall of up to 543mm in some districts

More than 30 people have been killed by heavy rain and flooding in Beijing and a neighbouring region, state media have reported, as tens of thousands more were evacuated from China’s capital.

State broadcaster CCTV said that as of midnight on Monday, 28 people had died in Beijing’s hard-hit Miyun district and two others in Yanqing district as of midnight. Both are outlying parts of the sprawling city, far from the downtown.

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Colombia’s former president Álvaro Uribe found guilty of witness tampering

Ex-leader convicted over efforts to sway testimony in case tied to country’s armed conflict

A Colombian court has found the country’s former president Álvaro Uribe guilty of witness tampering.

The 73-year-old, who served as president from 2002 to 2010, was convicted on Monday of trying to persuade witnesses to lie for him in a separate investigation. He faces a 12-year prison sentence in a case that has become highly politicised.

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Trump cuts deadline for Putin to reach Ukraine peace deal to ‘10 or 12 days’

US president expresses frustration with Putin after meeting with UK PM amid pressure on Russia for ceasefire

Donald Trump’s timeline for a peace deal between Russia and Ukraine has sped up, the president said while visiting Nato ally Great Britain on Monday.

“I’m going to make a new deadline of about 10, 10 or 12 days from today,” Trump said in response to a question while sitting with the British prime minister, Keir Starmer. “There’s no reason in waiting. There’s no reason in waiting. It’s 50 days. I want to be generous, but we just don’t see any progress being made.”

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Saudi Arabia and France to lead UN push for recognising Palestinian statehood

Two countries open three-day conference at United Nations with goal as part of peaceful settlement to end war in Gaza

Saudi Arabia and France have opened a three-day conference at the United Nations with the goal of recognising Palestinian statehood as part of a peaceful settlement to end the war in Gaza.

The conference began on Monday, just days after the French president, Emmanuel Macron, said Paris would officially recognise the Palestinian government in September in an effort to reinvigorate peace talks around a two-state solution that have all but been written off since the deadly Hamas raid and ensuing Israeli military operation that began in 2023.

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Von der Leyen ducks Trump’s trade blitz – but deal exposes EU’s faultlines

Europe may have staved off an economic clash, but the compromise leaves the bloc facing higher tariffs and internal discord

There is no doubt that Ursula von der Leyen was under intense pressure on Sunday when she sat next to Donald Trump in the ballroom at his Turnberry golf course before what EU officials knew would be a gruelling round of trade talks.

As the European Commission president emerged less than an hour later to announce that the worst of Trump’s tariff threats had been avoided, the recriminations from inside the EU began almost immediately.

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Aid deliveries a ‘drop in the ocean’ amid Gaza’s desperate hunger, UN says, as Israel resumes military pause – as it happened

UN says ‘vast amounts of aid’ needed to prevent catastrophic health crisis in Gaza

At least 43 Palestinian people have been killed across Gaza since dawn, including nine people seeking aid, Al Jazeera is reporting, citing hospital sources.

More than 1,000 people have been killed by Israeli fire while trying to get aid, most of them near Gaza Humanitarian Foundation food distribution sites, during its two months in Gaza, the UN says.

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Angela Rayner: No 10 officials guilty of ‘self-harm’ by briefing against ministers

Exclusive: Deputy PM hits out at targeting of herself and others – often women – with negative headlines

Angela Rayner has hit back at anonymous No 10 officials who have briefed against senior cabinet ministers in recent months, warning them they are committing “self-harm”.

The deputy prime minister launched an outspoken defence of herself and other colleagues – often women – who have found themselves the subject of negative headlines in recent months, with several being tipped for the sack at a future reshuffle.

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Israel committing genocide in Gaza, say Israel-based human rights groups

Reports detailing intentional targeting of Palestinians as a group, and systemic destruction of Palestinian society, add to pressure for action

Two leading human rights organisations based in Israel, B’Tselem and Physicians for Human Rights, say Israel is committing genocide against Palestinians in Gaza and the country’s western allies have a legal and moral duty to stop it.

In reports published on Monday, the two groups said Israel had targeted civilians in Gaza only because of their identity as Palestinians over nearly two years of war, causing severe and in some cases irreparable damage to Palestinian society.

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Christopher Nolan criticised for filming in occupied Western Sahara city

Organisers of local film festival warn production of The Odyssey in Dakhla could normalise repression by Morocco

The organisers of the Western Sahara international film festival (FiSahara) have criticised Christopher Nolan for shooting part of his adaptation of the Odyssey in a Western Saharan city that has been under Moroccan occupation for 50 years, warning the move could serve to normalise decades of repression.

The British-American film-maker’s take on Homer’s epic, which stars Matt Damon, Charlize Theron, Zendaya, Lupita Nyong’o and Anne Hathaway, is due to be released on 17 July 2026.

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