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Russia has been secretly helping Iran develop advanced supersonic cruise missiles in one of the most significant known transfers of strategic military technology from Moscow to Tehran.The multiyear covert programme, codenamed C430L, has enlisted some of Russia’s most experienced missile specialists to help Iran develop a new class of weapon capable of threatening US aircraft carriers and other warships in the Middle East.An FT investigation uncovered the programme, which began in 2023 and continued into the US-Israeli war against Iran, through leaked Russian correspondence, travel records and analysis of military patents.The main purpose of C430L is to help Iran to…
Speaker of the House Mike Johnson, R-La., House Majority Leader Steve Scalise, R-La., and House Republican Conference Chair Lisa McClain, R-Mich., conduct a news conference in the Capitol Visitor Center after a meeting of the House Republican Conference on Tuesday, Sept. 1, 2026. Tom Williams | CQ-Roll Call, Inc. | Getty ImagesThe House of Representatives will vote on a messaging resolution to condemn socialism as early as Tuesday, an election-year gambit intended to force an uncomfortable vote for Democrats as far-left candidates win Democratic primaries across the country. While some Democrats have expressed openness to condemning socialism, Republicans also inserted…
Burnham told MPs his time as mayor of Greater Manchester had given him a “clear theory of growth” that further devolution of power away from Westminster would help boost the UK’s economic prospects.But he said he wanted to avoid a “two-tier England” – where areas that have already been given greater powers pull away from those that have not.He announced that work was under way with Cornwall council and its six MPs on a devolution deal, “with or without” an elected mayor, to help the rural economy.Burnham’s move to grant the county greater powers, without requiring it to team up…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.For bond traders, the summer lull in workloads never quite arrived. On Tuesday, the months-long rollercoaster sell-off of global sovereign debt intensified as yields in advanced economies hit worrying new highs. In Japan and the UK, long-term government borrowing costs hit multi-decade records; the 10-year US Treasury yield — a global benchmark for debt — surged to its highest since January 2025.There are several explanations for the latest rout. For starters, a flare-up in the Iran war over recent days renewed fears…
U.S. Treasury Secretary Scott Bessent speaks during a “fireside chat”, as finance ministers and central bank governors from G20 countries meet in Asheville, North Carolina, U.S., September 1, 2026. Sam Wolfe | ReutersTreasury Secretary Scott Bessent boasted Tuesday that the U.S. bond market has outperformed the rest of the world since President Donald Trump’s return to office. But he made his comments as 10-year Treasury yields rose to their highest level in nearly 20 months amid a global bond selloff that has raised fears about a repeat of the 1997 Asian financial crisis.”It’s been the best-performing bond market among major…
A job seeker holds a now hiring flyer as they receive information about education careers with the Los Angeles Unified School District (LAUSD) while attending a Inspire Together job and resource fair in Los Angeles, California on July 29, 2026. Patrick T. Fallon | Afp | Getty ImagesAfter a disappointing July payrolls report that showed the economy lost jobs that month, traders on prediction market platforms think August will show a rebound in hiring, though potentially not as strong as economists think. Speculators on Kalshi see 50-50 odds that more than 50,000 jobs were created last month. That implies a slightly…
An investment of £110m, which will come from existing budgets, will be used to convert unused office space, laundry rooms and storage space into cells, the MoJ said.The justice secretary told the BBC prisoners being released early did not mean “freedom” and victims would have a say in restrictions placed on those criminals.Asked where clothes would be washed if laundry rooms were converted into cells, Norris told BBC Breakfast: “Of course we’re going to make sure that the prisons can still function properly.”This is a creative look, as I say, around our estate and being able to use some space…
Canada’s Prime Minister Mark Carney speaks with the news media after he suspended trade negotiations with the United States, in Ottawa, Ontario, Canada August 22, 2026. Chris Tanouye | ReutersCanadian Prime Minister Mark Carney on Tuesday blasted the Trump administration for “doing memes” and “throwing shade” against his nation amid a growing trade war.Carney’s comments came in response to a reporter’s question about Trump officials mocking Canada’s military in social media posts and comments, and President Donald Trump signing an executive order directing the renaming of Lake Ontario to “Lake America” for federal government use.The prime minister said there is…
Why has Keir Starmer quit as an MP? Source link
UNITED STATES – MAY 21: Rep. Chip Roy, R-Texas, left, and House Freedom Caucus chair Rep. Andy Harris, R-Md., along with members of the House Freedom Caucus speak to reporters about the One Big Beautiful Bill Act reconciliation package in the U.S. Capitol on Wednesday, May 21, 2025. Bill Clark | Cq-roll Call, Inc. | Getty ImagesThe U.S. House on Tuesday is expected to vote on a stopgap spending measure that would avert a government shutdown this fall ahead of the 2026 midterm election, though GOP hardliners are vowing to complicate things.The legislation, which the Senate passed in August before…