Independent News & People Network Desk of News

Minister says Starmer is ‘listening’ but refuses to say if PM will stay on ahead of critical cabinet meeting – UK politics live

Source: The Guardian - World · Published: 2026-05-12T06:50:18+00:00

Darren Jones says the prime minister is ‘listening to colleagues’, and does not rule out PM announcing resignation timetableStarmer on the brink as cabinet ministers urge him to quitThere will be huge interest in what happens to UK government borrowing costs today. Graeme Wearden is covering this on his business live blog.Yesterday gilt yields (the cost of borrowing for the Treasury) edged up, in a move attributed to the political uncertainty at Westminster. Continue reading...

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UK households cut back spending at fastest rate in 16 months, Barclays says

Source: The Guardian - World · Published: 2026-05-12T06:40:42+00:00

Dip in credit card spending in April, particularly on travel, suggests Britons preparing for harder times amid Iran war falloutHouseholds cut back on their spending in April at the fastest pace in 16 months, as the conflict in the Middle East provoked fears of another cost of living crisis, a report from one of the UK’s biggest banks has suggested.Barclays, which processes nearly 40% of the UK’s credit and debit card transactions, said its data showed there had been a 0.1% fall in card spending last month compared with a year earlier. This was the first year-on-year fall since November 2024. C

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Himanta takes oath as Assam CM for second successive term

Source: The Hindu Business Line – Markets · Published: 2026-05-12T06:37:04+00:00

Governor Lakshman Prasad Acharya administered the oath of office to Sarma at a grand ceremony held at the Veterinary Ground in Khanapara area in Guwahati.

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Rising gold imports in India: An explainer

Source: The Hindu Business Line – Markets · Published: 2026-05-12T06:33:57+00:00

Modi urges austerity as higher inflows widen trade deficit and strain forex reserves

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Abu Dhabi-bound flight grounded after 'fire' breaks out on wing

Source: The Hindu Business Line – Markets · Published: 2026-05-12T06:26:50+00:00

The pilots noticed the fire when the Etihad flight was preparing for take-off; subsequently, the passengers were disembarked and there were no injuries to anyone

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Xi Is Poised to Press Trump on Arms Sales to Taiwan During China Summit

Source: New York Times - World · Published: 2026-05-12T06:21:56+00:00

Beijing has called Taiwan the “core of China’s core interests.” Xi Jinping is likely to focus on getting President Trump to slow approval of more weapons for the self-governing island.

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Xi Is Poised to Press Trump on Arms Sales to Taiwan

Source: New York Times - World · Published: 2026-05-12T06:21:55+00:00

Beijing has called Taiwan the “core of China’s core interests.” Xi Jinping is likely to focus on getting President Trump to slow approval of more weapons for the self-governing island.

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War angst, rising oil dent appetite for Indian bonds before CPI data

Source: The Hindu Business Line – Markets · Published: 2026-05-12T06:20:59+00:00

India imports 90% of its oil requirements, of which 30% comes through the Strait of Hormuz, making the country highly vulnerable to the impact of the West Asia war

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HC restrains TVK MLA from voting in TN legislative assembly

Source: The Hindu Business Line – Markets · Published: 2026-05-12T06:20:35+00:00

Srinivasa Sethupathi from TVK secured 83,365 votes in the election, DMK’s Periyakaruppan got 83,364 votes. Srinivasa Sethupathi was declared elected by a margin of just one vote

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Keir Starmer to face crucial cabinet meeting as ministers and MPs urge him to resign – UK politics live

Source: The Guardian - World · Published: 2026-05-12T06:19:32+00:00

PM on the brink with Yvette Cooper and Shabana Mahmood believed to be among those urging him to set out a timetable for departureStarmer on the brink as cabinet ministers urge him to quitGood morning. “Stories beat spreadsheets,” Keir Starmer declared in his speech yesterday. But yesterday was a day when the spreadsheets had the upper hand. Most news organisations were using them to keep a track of Labour MPs who were coming out and calling for Starmer’s resignation and, after his speech in the morning, the numbers started to escalate. Here is the LabourList one; by the end of last night they

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Mother of Kumanjayi Little Baby asks politicians not to leverage child’s death: ‘My heart is broken into a million pieces’

Source: The Guardian - World · Published: 2026-05-12T06:10:09+00:00

Labor introduced condolence motions in parliament on Tuesday to honour the five-year-old who was allegedly murdered in Alice Springs last monthWarning: This article contains references to Indigenous Australians who have diedFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe mother of Kumanjayi Little Baby has directly asked politicians not to use the death of her daughter for “reasons that do not honour and respect my baby girl”.In a statement read out by the minister for Indigenous Australians, Malarndirri McCarthy, in a condol

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Government mulling emergency measures to protect foreign exchange

Source: The Hindu Business Line – Markets · Published: 2026-05-12T06:04:36+00:00

One of the proposals under discussion is a fuel price hike which would come on the back of Prime Minister Narendra Modi’s landslide win in recent state elections

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It’s parliament, not Love Island: Queensland’s ministerial affair drama becomes a sordid distraction

Source: The Guardian - World · Published: 2026-05-12T06:03:45+00:00

Tuesday’s question time seemed more suited to prime time; full of sordid allegations, only the cast seems far less likableFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastQuestion time in the Queensland parliament is not a ratings juggernaut.Nielsen doesn’t publish ratings data about the live stream from Brisbane’s George Street, but one imagines the numbers of voters tuning in to watch our state politicians flagellate on a weekday morning are relatively low: a handful of politics nerds and the odd journo who prefers to work from

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British Steel nationalisation: what went wrong, and what happens now?

Source: The Guardian - World · Published: 2026-05-12T06:00:17+00:00

Keir Starmer’s plan for full state ownership marks latest chapter in Scunthorpe plant’s troubled historyFull nationalisation of British Steel expected in king’s speechNils Pratley: More questions than answers on the futureFour queens – blast furnaces named after Anne, Bess (Elizabeth), Victoria and Mary – loom over the British Steel works at Scunthorpe. Within days the queens could be under public ownership, after Keir Starmer on Monday promised legislation to nationalise the plant.“Strong nations in a world like this need to make steel,” Starmer said on Monday in a speech. The prime minister

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Iran war oil shortage forces Japan snack giant to use black-and-white packaging

Source: The Guardian - World · Published: 2026-05-12T05:56:03+00:00

Calbee to switch its brightly coloured packaging to black and white because war has disrupted supply of certain raw materials used in inkJapan’s biggest snack maker has been forced to use black-and-white packaging for some flagship products because of ink ingredient shortages caused by the strait of Hormuz blockade.Calbee said on Tuesday 14 of its products would switch to monochrome branding by the end of May. Continue reading...

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Nifty IT index falls to 3-year low on weak earnings outlook, demand worries

Source: The Hindu Business Line – Markets · Published: 2026-05-12T05:48:20+00:00

Analysts say Q4 earnings and FY27 outlooks from top-tier IT firms largely missed expectations, ​adding that ‌strong global artificial intelligence spending could be “crowding out” spending on traditional IT services

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AIADMK faction to support TVK govt

Source: The Hindu Business Line – Markets · Published: 2026-05-12T05:47:37+00:00

C Ve Shanmugam also alleges that party general secretary Edappadi K Palaniswami wanted to form a government with the support of DMK

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Tuesday briefing: Starmer’s ‘last chance’ speech and the possible challengers to his premiership

Source: The Guardian - World · Published: 2026-05-12T05:45:15+00:00

In today’s newsletter: Our policy editor on what Keir Starmer said, how his leadership challengers have reacted, and what lies aheadGood morning. Yesterday, Keir Starmer gave a speech which he hoped would draw a line under any potential moves within Labour to replace him, after the nation resoundingly punished his party at the ballot box.However his words were not enough to quell disquiet. Pressure on the prime minister is growing, with more than 70 Labour MPs publicly calling for him to stand down, and two senior cabinet ministers believed to be among those telling him he should oversee an or

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Butterfly Gandhimathi Appliances net profit up 27% at ₹11 crore

Source: The Hindu Business Line – Markets · Published: 2026-05-12T05:41:11+00:00

For the full year FY26, the company recorded a PAT of ₹47 crore up 45 per cent from the ₹33 crore in FY25. Revenue rose to ₹943 crore (₹865 crore).

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KKCL enters ethnic wear segment, launches new brand Punya

Source: The Hindu Business Line – Markets · Published: 2026-05-12T05:35:39+00:00

The brand will be available across Kewal Kiran Clothing Ltd (KKCL) retail network, multi-brand outlets, and leading e-commerce platforms, said the company, which also owns brands such as Killer, LawmanPg3 and Integriti

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EN DIRECT, guerre en Ukraine : attaque russe sur Kiev au cours de la nuit ; 174 combats lundi, au troisième jour du cessez-le-feu, selon l’armée ukrainienne

Source: Le Monde - International · Published: 2026-05-12T05:30:48+00:00

Une attaque aérienne a eu lieu mardi à l’aube à Kiev, après l’expiration d’une trêve de trois jours, a annoncé sur Telegram le chef de l’administration militaire de la ville, Tymour Tkatchenko. Elle n’a fait que des dégâts matériels.

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EN DIRECT, guerre en Ukraine : attaque russe de Kiev au cours de la nuit ; 174 combats lundi, au troisième jour du cessez-le-feu, selon l’armée ukrainienne

Source: Le Monde - International · Published: 2026-05-12T05:30:48+00:00

Une attaque aérienne a eu lieu mardi à l’aube à Kiev, après l’expiration d’une trêve de trois jours, a annoncé sur Telegram le chef de l’administration militaire de la ville, Tymour Tkatchenko. Elle n’a fait que des dégâts matériels.

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EN DIRECT, guerre en Ukraine : attaque russe de Kiev au cours de la nuit ; 174 combats comptabilisés lundi par l’armée ukrainienne, au troisième jour du cessez-le-feu

Source: Le Monde - International · Published: 2026-05-12T05:30:48+00:00

Une attaque aérienne a eu lieu mardi à l’aube à Kiev, après l’expiration d’une trêve de trois jours, a annoncé sur Telegram le chef de l’administration militaire de la ville, Tymour Tkatchenko. Elle n’a fait que des dégâts matériels.

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