Oil prices plunge and shares jump on US-Iran ceasefire plan
Crude prices tumbled by as much as 15% on the conditional pause but remain far higher than before the war.
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The United States and Iran have agreed to a two-week ceasefire, reaching a deal less than two hours before President Donald Trump's deadline for Tehran to reopen the Strait of Hormuz or face the wiping out of "a whole civilization". Negotiations are now set to take place over a more permanent peace. France 24's Oliver Farry takes a look at what might happen next.
Iran war shows Trump not ‘reliable ally’ for UK, says Ed Davey – UK politics live
Lib Dem leader says conflict shows ‘classic Donald Trump cycle of destruction’ OpenAI, the company behind ChatGPT, is proposing the extension of the four-day working week, as a response to AI taking over some of the work done by humans. But for the Conservative party the four-day working week, at least in the public sector, is viewed as a menace. Officially, that’s a value-for-money position, but it also overlaps with their opposition to civil servants working from home, which has some of the traits of a culture war obsession. Today the Conservatives have announced that, if they were in government, they would ban councils from letting staff work a four-day working week on full pay. Explaining why, the Tories say in a news release: The four-day working week, as introduced by Liberal Democrat-run South Cambridgeshire district council, has left residents with more council tax for less public service. Bin collectors and social housing officials receive 100 per cent of their pay for around 80 per cent of their originally contracted hours. The Labour government have failed to act. As communities secretary, Angela Rayner scrapped [Whitehall opposition to the South Cambridgeshire policy]. Labour are refusing to legislate against a four-day week, giving councils an effective green light to get away with charging more for less work. Consequentially, Labour-run Cambridge City Council has become the second council to sign up to the four-day week. Those areas which saw a statistically significant improvement include: the percentage of calls answered by the contact centre; the average number of days taken to update housing benefit and council tax support claims; the average number of weeks for householder planning applications to be decided; the percentage of planning applications (both large and small) decided within target or agreed timescales; the percentage of council house repairs complete within 24 hours; [and] the percentage of complaints responded to on time. If performance variations caused by Covid are discounted, every single service monitored either got better or stayed the same. Continue reading...