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FirstFT: Labour wins Blackpool South in blow to Rishi Sunak and Tories
Also in today’s newsletter, South African regulator on Anglo American bid and Big Read on Russia’s frozen assetsFinancial Times - World -
How fast are prices rising in the UK?
The rate at which prices are rising has dropped from record highs, but remains above the 2% target.BBC News - Top stories -
Who is the quiet, feared strategist behind Modi’s rise?
India’s PM is eyeing a record third term - his home minister is the brains behind his election wins.BBC News - Top stories -
Dam bursts and death toll rises in Brazil floods
More than 30 people have been killed and 60 are missing in the southern state of Rio Grande do Sul.BBC News - Top stories - Brazil -
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Coinbase had over $1 billion in quarterly profit after crypto-trading explosion. But costs are rising too.
A boom in crypto trading during the first quarter led cryptocurrency exchange Coinbase Global to a dramatic reversal of fortunes from the prior year, but the company warned of “elevated expenses” in the second quarter as it tries to handle the flood.MarketWatch - Business -
Standard Chartered posted a rise in first-quarter net profit due to higher trading income, despite lower earnings from the bank's lending business.
Standard Chartered posted a rise in first-quarter net profit due to higher trading income, despite lower earnings from the bank’s lending business.The Wall Street Journal - World -
Tech shares led U.S. stock indexes higher ahead of a jobs report for April, with the S&P 500 and Dow both rising 0.9% and the Nasdaq gaining 1.5%.
Tech shares led U.S. stock indexes higher ahead of a jobs report for April, with the S&P 500 and Dow both rising 0.9% and the Nasdaq gaining 1.5%.The Wall Street Journal - World