After a frosty and in places icy start, many areas will be dry and sunny, though feeling cold. Wintry showers will continue to feed into
Political turmoil dominates the UK front pages, with speculation that Prime Minister Keir Starmer is aiming to “reset” his government following a challenging start in No. 10.
In France, Prime Minister Michel Barnier’s government collapsed on Wednesday after a no-confidence vote, leading to his ousting just months into office. President Macron now faces growing calls to resign.
Tabloids continue to spotlight allegations against MasterChef presenter Gregg Wallace, with right-leaning outlets pressing the BBC for cultural reform after failing to address the issue sooner.
Criminal activities also make headlines, including the arrest of dozens linked to a global “crypto cartel” laundering funds through unregulated digital currencies.
In New York, police have launched a manhunt after American CEO Brian Thompson was shot dead in what is believed to be a targeted attack.
The Daily Mirror reports the PM will set out measures to introduce 13,000 more neighbourhood police officers in England and Wales, in a move designed to “restore the link between police officers and their communities.”
The Independent says the PM refreshes pre-election pledge of safer streets as key part of ‘plan for change’ – as business group casts doubt on Labour’s mission to grow the economy.
The Guardian says the prime minister’s announcement is an effort to show Labour is “delivering change” in government. The paper says the PM will make pledges to set targets to improve other areas including living standards, NHS backlogs, energy security and housebuilding.
The Times notes the pledges are the prime minister’s attempt to ‘restart his leadership’ but wonders how realistic they are.
The Telegraph highlights that immigration is not one of Keir Starmer’s ‘milestones for a big reset.’ The paper says Starmer is not expected to set a firm target but backbenchers are warning that failure to do so would be a ‘big hole’ in his message.
The FT says the ousting of the French PM Michel Barnier over his attempt to force through an austerity budget saw the left and right coming together to reject the prime minister’s plans. The paper says the parliamentarians voted overwhelmingly for a motion of no confidence in Barnier.
The Times says President Emmanuel Macron is facing calls to resign following the collapse of government. The paper says the country is now in “turmoil” and the crisis will “reverberate across Europe” noting Barnier has become the shortest-lived PM in the history of the fifth French Republic since 1958.
The Daily Telegraph says France’s government fell on Wednesday night after MPs voted to oust Michel Barnier’s administration, plunging the country into fresh political turmoil.
The Sun says the BBC received complaints about Gregg Wallace’s “lewd behaviour” 10 years ago. The paper says executives at the broadcaster had a meeting to discuss the claims and still allowed him to stay on the show. The paper has a recording of the MasterChef host telling his dance partner, Aliona Vilani, that he never wore underwear.
The Daily Mirror reports “He’s a predator, he harassed me, it was revolting”. The paper reports on the new allegations being made against Wallace.
South Korean authorities have launched an investigation into President Yoon Suk Yeol on charges of alleged “insurrection” following his abrupt declaration of martial law earlier this week, which was swiftly
Tensions in Georgia have escalated as opposition leaders face a crackdown following a wave of pro-EU protests. Nika Gvaramia, a prominent opposition figure, was forcibly removed from his party headquarters
Amnesty International has issued a powerful report accusing Israel of committing genocide against Palestinians in Gaza. The report, titled “You Feel Like You Are Subhuman”: Israel’s Genocide Against Palestinians in
France is facing political turmoil as Prime Minister Michel Barnier has been ousted following a decisive no-confidence vote in parliament, just three months after his appointment by President Emmanuel Macron.
Bitcoin, the world’s largest cryptocurrency, has smashed through the $100,000 mark for the first time, setting a new record high. This historic milestone comes amid growing excitement over the possibility
New York City police are hunting for a man who shot and killed UnitedHealthcare chief executive Brian Thompson Wednesday morning.
South Korea vows market support in wake of turmoil
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Many analysts think that the UK is relatively well-placed to weather the first round of a trade spat, and could even sign a deal with the US.
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It has been announced that engineering firm Costain has been awarded a contract by HS2 worth upwards of £400m.
The deal will see the group supply tunnel and lineside mechanical and electrical systems over a seven-year period, beginning in the first quarter of 2025.
It comes after a stellar year for the company, which has seen its shares rise over 60 per cent since January.
Costain reported a near-doubling of profit in its half-year results in August. It also announced a £10m share buyback programme.
https://www.cityam.com/costain-wins-major-hs2-contract/
Shein’s reported decision to list in London rather than New York is likely to be an anomaly rather than a trend, says Megan Penick
Fashion giant Shein’s prospective IPO – slated for early next year – has caused something of a stir in the City. Indeed, the decision to list on the London Stock Exchange appears on the surface a major vote of confidence for London, as it looks to compete with the New York Stock Exchange and Nasdaq. In an uncertain economic landscape, it provides reassurance that Britain is still an attractive proposition for the world’s biggest businesses.
In particular, it has prompted speculation that this could be the beginning of a trend that would see more global firms – particularly those based in China – shun US listings in favour of London. The incoming US government’s plan to introduce tariffs on goods from China adds to the argument that Chinese firms that had been eyeing a listing in the US – particularly those that have significant sales in the US – may think again.
However, the feeling in New York is somewhat different. The general sense is that this is a one-off, driven by factors outside the election.
A legal group urged Parliament that the Employment Bill needs “considerable thought” to avoid ” swamping business” with costs or obligations that “confuse even senior and experienced lawyers.”
In written evidence provided to the Committee overseeing the Employment Rights Bill, the Employment Lawyers Association (ELA), a group of 7,000 lawyers, urged the government to reconsider some of the changes contained within the bill.
The ELA stated that the zero-hour contract changes “will grant workers rights that are so difficult to navigate that this may well impact their ability to be enforced” while placing difficult “recurring burdens on employers”.
Labour’s employment overhaul was laid out in October with 28 individual measures in the Bill, including ending exploitative zero-hour contracts and banning fire and rehire tactics.
Employment reforms need considerable thought to not ‘swamp business’
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