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Mayors across England will be given new powers to overrule local councils on some planning decisions.The change would apply to proposals with more than 150 homes, more than 15,000 square metres of commercial space or buildings over 30 metres.Mayors in 13 areas including Manchester, Liverpool, the West of England and the West Midlands will gain similar powers to Sir Sadiq Khan in London, who is already able to “call in” planning decisions. Housing minister Matthew Pennycook said the powers were an “essential part of the toolkit that mayors need to effectively deliver new homes and regeneration”.The Conservatives questioned whether it…

US President Donald Trump has said Canada wants “the benefits of being a State, without being one” after trade talks between the two countries collapsed late on Friday.In his first comments since negotiations broke down, triggering new 50% US tariffs on a range of Canadian goods, Trump also said American farmers had been charged “massive amounts of Tariffs” for years.It comes after Canadian Prime Minister Mark Carney called the fresh tariffs a “miscalculation” designed to “hurt and divide us”.Carney confirmed he would match Trump’s tariffs “dollar-for-dollar” from 8 September, including levies on steel, dairy, appliances and electronics. The US and…

Higher energy bills this winter mean the government should step in to provide more help for households most in need, the body representing energy firms in the UK has said.Stubbornly high prices over the last few years have left some people needing “emergency support” over and above the existing £150 Warm Home Discount, Energy UK said.It added that bills were unaffordable for millions and a “better targeted and more agile” support scheme was needed.On Wednesday, the energy price cap for October onwards will be announced by regulator Ofgem and is expected to hit a three-year high.”Suppliers continue to do all…

GE Vernova’s (GEV -0.95%) backlog is massive. If its $176 billion backlog were a country, it would rank as the 62nd-largest country by GDP, ahead of Kuwait, Ecuador, and Slovakia. That is huge, especially for a company that generated $38 billion in revenue last year. GE Vernova’s growing backlog reflects incredibly strong demand for its power equipment amid the AI data center boom. Here’s what sits inside its massive backlog and what it ultimately means for investors. Today’s Change(-0.95%) $-9.16Current Price$956.85Key Data PointsMarket Cap$255BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded…

Few of the top AI labs have published or demonstrated containment response plans, according to a recent study. A containment plan spells out what happens once an AI is caught trying to subvert human control — what access gets cut, and when the system gets shut down entirely. That’s the finding from Guidelight AI Standards, an organization dedicated to promoting safe frontier AI development practices, which graded five leading labs on how prepared they are for exactly this scenario. OpenAI came out on top; Anthropic and Meta scored lowest. The findings matters as agentic AI takes on more autonomous roles…

Global hotel giant IHG told CNBC a “growing middle class” is boosting travel demand, as it reported a boost in profits despite the Middle East conflict.The U.K. company, owner of brands like Holiday Inn, Holiday Inn Express, Crowne Plaza, and Six Senses, reported Tuesday that operating profits from reportable segments grew 10% in the first half of the year to $665 million. Revenue from reportable segments was up 7% to $1.3 billion while global revenue per available room, “RevPAR,” grew 4.1%.While RevPAR was up 4.4% in the first quarter compared to the previous year, growth slowed in the second quarter…

Bitcoin (BTC) consolidated above $77,000 after Friday’s Wall Street open as gold joined the crypto rally to hit 14-week highs.Key points:Bitcoin and gold both hit their highest levels since May 15 against the US dollar.Analysis ties the strong performance firmly to US government debt policy.Polymarket odds of Bitcoin reaching $90,000 before 2027 reach 48%.Analysis: Bitcoin and gold gains not “surprise”Data from TradingView showed BTC/USD cooling after reaching its highest levels since May 15, still up nearly 6% on the day.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewGold echoed the move, reaching multi-month highs of $4,632 per ounce, up 2.2% on the day at…

An Ethereum founder and some of its biggest treasury holders are behind a new independent nonprofit launched to coordinate the blockchain’s institutional outreach, underscoring the ecosystem’s push to attract more banks, asset managers and financial institutions as competition from rival blockchains intensifies.The nonprofit, Ethereum Institutional, was introduced on Wednesday with backing from Ether (ETH) treasury companies BitMine Immersion Technologies and SharpLink, as well as blockchain co-founder Joe Lubin and other contributors. It plans to expand beyond New York, London, Hong Kong and Singapore into additional financial hubs while offering education, standards development, industry research and institutional events.In a social media…

MiCA left crypto lending outside its original rulebook — but now Brussels is considering whether to bring it in.On May 20, 2026, the European Commission asked stakeholders to weigh in on areas left outside the original Markets in Crypto Assets (MiCA) framework. These include issues around decentralized finance (DeFi) and crypto lending and borrowing. One area of contention involves lending vaults, which can channel billions of dollars into onchain credit markets without looking like conventional lending. Their legal status currently depends on non binding interpretations that they fall outside of MiCA and EU fund rules. Yuriy Brisov, an EU digital…

Editor’s note: The following is the third profile in a series of articles about startup founders from non-technical backgrounds who have launched successful venture-backed companies. Read the previous interviews with MagicSchool AI founder Adeel Khan here, and Trunk Tools founder Sarah Buchner here. Ali Hussain spent much of his childhood in his family’s St. Paul, Minnesota, convenience store, where he packed cigarette cartons and watched his father run a business seven days a week, 365 days a year. Hussain was the son of a first-generation immigrant who arrived from Karachi, Pakistan, and worked his way from employment at a 7-Eleven…