World Business Report Optimism over US-EU trade talks
The United States President, Donald Trump, has agreed to drop his threat to impose 50% tariffs on European Union imports and extend a deadline to negotiate tariffs with the EU by more than a month.
They're often in the headlines. We take an in-depth look at critical minerals, where they're found and why they matter.
And Rahul Tandon will look at hw Disney's live-action Lilo and Stitch remake beat Tom Cruise at the US box office. Lilo and Stitch, which revisits the 2002 animated family favourite, exceeded expectations with takings of $341m (£252m) around the world.
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Telegraph
24 minutes ago
- Telegraph
Miliband: I'll force solar panels onto ‘vast majority' of new homes
Developers will be forced to install solar panels on the 'vast majority' of new homes, Ed Miliband has said. The Energy Secretary said plans for a massive increase in rooftop solar power were 'just common sense' and should become 'almost universal' across the country. Four in five new-builds will reportedly be required to have solar panels covering 40 per cent of their ground area under new proposals, while 19 per cent would be allowed to have slightly fewer because of exemptions such as those relating to roof pitch. Mr Miliband claimed the move could save a typical homeowner £500 a year with their energy bills – despite industry fears it will add thousands of pounds to developers' costs. It comes days after he defeated a separate attempt by the Chancellor Rachel Reeves to slash funding for the warm homes scheme, a £13.2 billion project to upgrade housing insulation and install other energy saving measures. Warning that the current proportion of new build homes with solar panels, at 40 per cent, was not high enough, he said: 'It's got to be much, much higher than that. 'It's got to be almost universal. There will be rare exceptions where solar panels won't be on, if they simply will make no difference. 'But for the vast, vast majority of homes, homes will be built, the solar panels will be there – saving something like £500 for the typical homeowner. 'It's just common sense.' Mr Miliband's comments, in a BBC interview, come a month after Downing Street confirmed the panels should be installed on as many new properties as possible, amid speculation that ministers will make them a mandatory requirement for developers by 2027. Changes to regulations will be laid out in the Future Homes Standard, due to be published this autumn. The previous Conservative government considered a proposal that would have mandated rooftop solar panels to cover 40 per cent of a building's ground area or equivalent. Mr Miliband said: 'The problem about the previous system was that it said you would have to have a certain percentage of coverage of solar panels, but if you couldn't achieve that percentage, you didn't have to do anything at all. 'Under our plans, we are not going to say that. We are going to say even if you can't hit 40 per cent you will still have to have some solar panels, except in rare, exceptional cases.' The policy is expected to add between £3,000 and £4,000 to the cost of construction, but supporters claim it would save owners more than £1,000 on their annual energy bills. Labour's manifesto included a pledge to build 1.5 million new homes over the course of the Parliament. It comes after Miliband called for car parks across Britain to be turned into solar farms. However, there have been a number of high profile fires recently that have been attributed to the panels. Last month, a faulty solar panel was blamed for a fire at a maternity hospital which led pregnant women and babies to be evacuated from the building in Bristol. They were also said to have probably been the cause of a fire that severely damaged a £1.5 million home in Dorset during the same month.
The Sun
25 minutes ago
- The Sun
I'm related to the greatest boxer ever but changed my name to make my own way – it worked until Mike Tyson showed up
NICO ALI WALSH has the most famous surname in boxing history but he kept it a secret - until Mike Tyson blew his cover. The 24-year-old is the grandson of Muhammad Ali - affectionately known as The Greatest. 8 Nico's parents - including Ali's daughter Rasheda whose sister Laila was a champion boxer - never wanted him to enter the family business. But by 14, Ali Walsh - with the help of his grandfather - convinced his family to allow him to start boxing. It came with just one condition though, he had to hide his iconic Ali surname. Ali Walsh told SunSport: 'Of course, I left out the name. Even back when I was 15 years old, my full name is Nico Ali Walsh, but I cut out the Ali. 'I said my name is Nico Walsh, but they found out somehow. My parents were not on board with saying Ali either. "I don't know how, they would just start announcing it at amateur fights. So it didn't last long. The incognito version of myself didn't last very long.' It turns out boxing great Tyson - a close friend of hero Ali's - might have played a part in Nico's secret being exposed. He revealed: 'It probably started around my third amateur fight because I started having weird people show up to my fights. 'Like my third amateur fight was here in Vegas and Mike Tyson found out I was fighting and he and his wife Kiki texted my mum and was like, 'Hey, we heard Nico's fighting here. Mike wants to come to the fight.' 'So Mike ended up coming to my amateur fight and it was just him, whoever he was with, and then my family. Three-weight world champion Vasily Lomachenko retires after more than 400 FIGHTS in lengthy video 'So there was like 7/8 people in the crowd, and it was just us, so I guess people may have started realising it. 'I started having weird people show up to my fights. Why is Mike Tyson showing up to this guy's amateur fight? And he left right after. 'So that may have contributed to people finding out.' With Ali Walsh's name was no longer secret, he had close to 30 amateur bouts before turning professional in 2021. And he did so with legendary promoter Bob Arum, who staged some of Ali's most iconic fights. By now, Ali Walsh is no stranger to rivals looking to make a name for themselves by trying to tear down his namesake - even behind closed doors. 8 8 He said: 'Sparring and training, it's never 100 per cent of the time. 'Sparring is where you work on things and you do certain things, but whenever I go outside of someone that I directly know, they're trying to knock me out in sparring. 'Everyone who spars me is trying to knock me out. So it's very annoying, but I've gotten that my entire professional career. 'I had that sometimes in my amateur career but now it's like people are coming at me trying to absolutely take my head off in the gym. 'And they do it in fights too, which fights are different. I don't care what you do in a fight, but in the gym, it gets ridiculous at some points.' Ali Walsh is now 15 fights into his pro career, with 12 wins, two losses and one no-contest. 8 8 He bounced back with victory against Ebenezer Sowah in Guinea in May following shock defeat to Juan Carlos Guerra Jr last February. And Ali Walsh has stayed true to his roots by refusing to entertain cash-grab fights against the likes of Jake Paul. The middleweight prospect even turned down a $3million (£2.2m) offer to fight the 11-1 YouTuber-turned-boxer last year. Ali Walsh explained: 'I can't be mad at these pro guys that are calling him out, they want the money. 'And obviously, the money they would be getting, they would be getting paid millions to knock out a guy that's way below the skill level of the guy that they get paid far less to fight. 'So it makes sense for these guys, but for me in particular, that's not something I want to be remembered by. 'It would really be just tainting my legacy to be getting involved with something like that. 'I feel like whenever people try to tell me, 'Nico, you should have done this or you should have done that.' No one can tell me what to do with the Ali name except for an Ali. 'So nobody outside of my family will understand what I'm talking about. So I don't take advice from anyone else, who tries to come at me with that kind of stuff.' 8 8
Reuters
27 minutes ago
- Reuters
European shares steady ahead of key US jobs data
June 6 (Reuters) - European shares were stable on Friday, as investors refrained from placing major bets ahead of crucial U.S. jobs data, with persistent trade tensions adding to the uncertainty. The pan-European STOXX 600 (.STOXX), opens new tab held its ground at 551.95 points, as of 0809 GMT, and remained on track for a second consecutive weekly gain, if momentum holds. A monthly reading of U.S. non-farm payrolls will set the tone for the day, helping investors gauge the impact of U.S. President Donald Trump's trade policies on the labor market and how the Federal Reserve might navigate this uncertain trade environment. "As the Fed is looking for hard data on the impact of tariffs on the labour markets, a print above consensus could reinforce the Fed's cautious stance and serve as a bearish impetus," Commerzbank analysts said. Trump doubled tariffs on steel and aluminium imports earlier this week, intensifying trade tensions. However, investors remained optimistic on signs of a potential easing of U.S.-China tariff tensions following Trump's phone call with Chinese President Xi Jinping on Thursday. Also on Thursday, German Chancellor Friedrich Merz said that Germany and the U.S. aim to strengthen trade ties, without offering any details. Meanwhile, the ECB's anticipated interest rate cut was largely overshadowed by President Christine Lagarde's signals that the central bank is approaching the end of its easing cycle, prompting investors to scale back expectations for further cuts. Investor focus will be on whether a public feud between Trump and Tesla top boss Elon Musk could have wider consequences for markets. "Comments from Musk yesterday about Trump tariffs, putting the U.S. in recession in the second half of this year combined with weak data this week is causing investors to sit out for the time-being," said Fiona Cincotta, senior market analyst at City Index. In the market, heavyweight healthcare (.SXDP), opens new tab and energy (.SXEP), opens new tab shares countered declines in industrial goods and services (.SXNP), opens new tab and miners (.SXPP), opens new tab. Among stocks, sportswear retailers Adidas ( opens new tab and Puma ( opens new tab slipped 0.6% and 1.4%, respectively, after U.S. peer Lululemon Athletica (LULU.O), opens new tab cut its annual profit forecast. Dassault Systemes ( opens new tab fell 1.5% after the French software company extended the target period of its medium-term earnings per share forecast by one year. Renk ( opens new tab slipped about 5%, among the worst performers on the STOXX 600, after Exane BNP Paribas downgraded the stock to "underperform" from "neutral". On the data front, German exports and industrial output appeared to fall more than expected in April, as demand from the U.S. decreased following months of strong purchases in anticipation of U.S. tariffs. In May, British house prices dropped by a larger margin than expected.
