Calls for UK bank tax to fund cost of living help as HSBC profits hit £7.5bn

Levy could raise £19bn to help pay for Andy Burnham’s support for those struggling with bills, say campaigners

Campaigners have renewed calls for a windfall tax on UK banks that could raise £19bn towards Andy Burnham’s cost of living agenda, after HSBC raked in $10.1bn (£7.5bn) worth of profits in the second quarter of the year.

Bosses at HSBC reported on Tuesday that profits rose 60% year on year in the three months to the end of June, helped by fees from wealth management and insurance business, as well as higher interest rates, which allow the bank to charge more for loans and mortgages.

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Ukrainian drones hit Wildberries warehouses in overnight strikes – Financial Times

  1. Ukrainian drones hit Wildberries warehouses in overnight strikes  Financial Times
  2. Ukraine strikes 3 more Russian warehouses and kills 5 people in overnight attacks, officials say  Reuters
  3. Ukrainian drone attack on Moscow region kills 5, governor says  ABC News - Breaking News, Latest News and Videos
  4. Ukrainian drone strike on Russian warehouses in Moscow region kills 5, local official says  CBS News
  5. Burn Warehouses, Crash Banks?  Riddle Russia
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Trump accuses oil companies of ‘making too much money’ from his war on Iran

US president hits out at ExxonMobil and Chevron, saying they should ‘give some of that back to the public’

Donald Trump has criticised oil companies for “making too much money” from the global energy market disruption caused by his war on Iran.

Brent crude had been trading at about $70 (£52) a barrel before the first US-Israeli strikes at the end of February, but by the end of April it had soared as high as $126 and is now trading at about $85 a barrel.

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About 1,000 fewer prisoners to get early release as Burnham tightens rules

Justice secretary says blocking more would have caused prison system to ‘break’ but admits impact on grieving relatives such as those of PC Andrew Harper

About 1,000 fewer prisoners will be released early after Andy Burnham’s intervention to exclude those convicted of rape, serious child sexual offences and grooming from the scheme.

The justice secretary, Alex Norris, said 5,000 prisoners would be released over 10 months from October in England and Wales, down from the government’s original plan for 6,000 from September.

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How India’s Gen Z movement of ‘Cockroaches’ dented Modi’s political image – AP News

  1. How India’s Gen Z movement of ‘Cockroaches’ dented Modi’s political image  AP News
  2. What Do India’s Gen Z Protests Mean for Modi?  newyorker.com
  3. India’s Political Atmosphere Has Changed  Foreign Policy
  4. CJP protest destroyed PM's public image of more than 2 decades in just 2 weeks: Arundhati Roy  The Hindu
  5. Revolt of the Cockroaches: How India’s Gen Z Humbled Modi  Time Magazine
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US targets 25 naturalised citizens in historic crackdown; Indian man among accused – Firstpost

  1. US targets 25 naturalised citizens in historic crackdown; Indian man among accused  Firstpost
  2. Trump DOJ unleashes largest denaturalization effort in department history — and says it’s ‘only the beginning’  Fox News
  3. Department of Justice seeking to denaturalize Conway man for alleged immigration fraud  KARK
  4. Government sues to revoke Conway man’s citizenship, says he lied about identity during naturalization process  The Arkansas Democrat-Gazette
  5. US revokes citizenship of Indian-origin man accused of child sex abuse  The Indian Express
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Trump wants ‘fair treatment’ in fight over Labor’s levy on tech giants to pay for news, US trade group warns

National Foreign Trade Council ‘disappointed’ at move to expand News Bargaining Incentive but Australian experts say government is not going far enough

A major US trade body has rubbished the Albanese government’s plan to make more big tech platforms pay for Australian journalism, issuing a veiled warning about how Donald Trump may respond to the “deteriorating trend”.

The National Foreign Trade Council said it was “disappointed” at the Australian government’s move to expand its News Bargaining Incentive (NBI) to take in Microsoft’s LinkedIn, amid trade tensions between Washington and Canberra including newly increased tariffs on Australian goods.

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Daphne Caruana Galizia was investigating suspected corruption when killed, jury told

Journalist’s son says his mother was examining leak from Electrogas, part owned by Yorgen Fenech who is on trial

Daphne Caruana Galizia was investigating suspected corruption by the businessman Yorgen Fenech and members of Malta’s government when she was killed, a jury has heard.

The heir to one of Malta’s biggest fortunes, Fenech is on trial for murder, accused of commissioning and paying for Caruana Galizia’s killing in a car bombing in October 2017.

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Nauru, the world’s 3rd-smallest country, changes its name to Naoero – NPR

  1. Nauru, the world's 3rd-smallest country, changes its name to Naoero  NPR
  2. Nauru, a Small Island in South Pacific, Changes Its Name to Naoero  nytimes.com
  3. Tiny Pacific island nation Nauru reclaims traditional name 'Naoero'  Reuters
  4. Tiny Island Nation Officially Embraces the Name Foreigners Had Trouble Pronouncing  People.com
  5. Why did the world’s smallest island nation revise its name? | Explained  The Hindu
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BP boss urges Burnham to prioritise UK oil and gas even as firm exits North Sea

Meg O’Neill says ‘where we generate jobs, we generate tax revenue’, as company’s profits more than double

BP’s chief executive has urged Andy Burnham to make use of the UK’s oil and gas resources even as the oil company prepares to sell its North Sea business after 60 years in the ageing basin.

In a conversation with the new prime minister, Meg O’Neill said the country should prioritise using energy produced in the UK, “where we generate jobs, we generate tax revenue, we generate all those additional positive impacts”.

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Explosions in Kuwait as Iran targets US military base, vessel hit in Hormuz – The Jerusalem Post

  1. Explosions in Kuwait as Iran targets US military base, vessel hit in Hormuz  The Jerusalem Post
  2. Iran war updates: Kuwait downs Iranian drones targeting vital facilities  Al Jazeera
  3. IRGC Conducts Overnight Drone Attack On A US Base In Kuwait | LIVE BLOG  i24NEWS
  4. Iran targets strategic U.S. assets in Kuwait, Bahrain after Egypt drone attack  CNBC
  5. How loyalty between Iran and Kuwait gave way to mistrust  Middle East Eye
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PM to tighten early release rules but men jailed over PC Harper’s death can be freed

Rapists, child abusers and groomers will not leave prison early but some of those serving sexual or violent offences will now leave after half their sentence

Rapists, child sexual abusers and groomers will be excluded from early release plans to ease critical prison overcrowding in a major intervention by Andy Burnham.

The prime minister said on Monday evening that he would delay the planned early release of thousands of prisoners across England and Wales by a month until October.

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