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Trump says six were killed in US strike on another boat allegedly carrying drugs near Venezuela

Trump says six were killed in US strike on another boat allegedly carrying drugs near Venezuela

UN has condemned US strikes on small boats it believes to be trafficking drugs as extrajudicial executions US politics live – latest updates Donald Trump said the US has struck another small boat that he accuses of carrying drugs in waters off Venezuela , killing six people. “The strike was conducted in International Waters, and six male narcoterrorists aboard the vessel were killed in the strike. No U.S. Forces were harmed,” Trump said in a statement on his Truth Social social media platform. Continue reading...

The Guardian view on the IMF’s warning: Britain’s economy runs hot for profits, cold for pay | Editorial

The Guardian view on the IMF’s warning: Britain’s economy runs hot for profits, cold for pay | Editorial

Labour is misreading the economics – leaving it unable to deal with the G7’s worst inflation and flat living standard Bloomberg’s headline said it all: “UK Faces Worst G-7 Inflation and Flat Living Standards, IMF Says”. The International Monetary Fund warns that inflation will be higher in the UK than in any other major advanced economy – including in the US, where Donald Trump’s tariffs are driving up costs for American consumers. This while GDP growth per head crawls at 0.4%, the weakest of any major economy. Real wages have stagnated for 11 months. Meanwhile, official figures show that unemployment has climbed to 4.8%, the highest since spring 2021. Forget talk of Britain’s “upgraded growth”; the economy, under Labour, is running hot only for those collecting profits. The Joseph Rowntree Foundation (JRF) projects that by 2029 average disposable incomes will be £570 lower than today, a fall of 1.3% – the sharpest drop in living standards since records began in 1961. This isn’t a simple case of prices getting ahead of demand. What Britain faces is profit inflation : prices are rising while wages stand still. As Lord Keynes noted, this is a transfer from labour to capital – an increase in mark-ups, not in productivity. Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here . Continue reading...

The Guardian view on the rising risk from flooding: uninsurable buildings should focus minds on climate adaptation | Editorial

The Guardian view on the rising risk from flooding: uninsurable buildings should focus minds on climate adaptation | Editorial

The bleak future faced by one small town offers a cautionary tale about the threat from global heating The bleak prospect facing the market town of Tenbury Wells in Worcestershire, due to rising flood risks, is first and foremost a problem for locals. After seven floods in four years , and with plans for new flood defences around the town abandoned after costs rose to £30m, the town council announced this month that three buildings it owns, including a theatre and historic pump rooms, no longer have insurance. Independent retailers are in a similar situation, and some are packing up as a result. The number of empty properties is growing. Tenbury is at higher risk than most places from floods, due to its low-lying position between the River Teme and Kyre Brook. But the threat it faces is not unique, and will become more common in future. Last year UK insurers paid out a record £585m for weather-related damage to homes and possessions, after unusually severe storms led to floods in several counties , with buildings left under water in towns including Henley, Wellingborough and Tewkesbury. Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here . Continue reading...