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    Deputy Mayor Defends Blocking £25m Palantir Met Police Contract Amid Job Cut Fears Contract decision sparks debate over policing costs and reforms in London London’s deputy mayor for policing and crime, Kaya Comer Schwartz, has defended her decision to stop a £25.3 million contract between the Metropolitan Police and US tech company Palantir. The deal was planned for 2026 to 2027 and included an optional extra year. It was intended to improve criminal investigations and support internal reforms within the force. She told the London Assembly’s Police and Crime Committee that her priority was ensuring public money is spent properly. She said the decision was based on concerns about value for money and accountability. “I make no apologies for making sure we have the right oversight over significant spending,” she said. “We must ensure contracts deliver value for Londoners.” Concerns over procurement and supplier choice The Mayor’s Office for Policing and Crime raised concerns about how the Met Police handled the procurement process. It said the force engaged seriously with only one supplier during the process. It also noted concerns about the company’s values and ethics, although those issues could not legally determine the final decision. Palantir rejected the criticism. The company said its proposal offered strong value for money and supported ongoing policing needs. It also confirmed it was considering legal action to challenge the decision. Impact on policing and possible job losses Met Police Commissioner Sir Mark Rowley warned that the blocked deal could affect staffing plans. He said the force must make budget savings this year and next year, which may lead to difficult decisions affecting public services. He said up to 750 job cuts could be required if funding pressures continue. Those decisions are expected to be finalised in the coming weeks. Conservative Assembly member Susan Hall criticised the decision. She warned it could lead to further cuts in frontline policing and questioned whether the deputy mayor would accept responsibility for the impact. Oversight and unanswered questions During the committee session, Liberal Democrat member Gareth Roberts asked how much detail the deputy mayor had seen about potential cutbacks. Comer Schwartz said she had not yet reviewed a full contingency plan. She added that discussions with the Met were still ongoing. Officials continue to assess how the funding gap will be managed while balancing technology investment, staffing levels, and service delivery across London policing.
    Deputy Mayor Defends Blocking £25m Palantir Met Police Contract Amid Job Cut Fears
    June 17, 2026
    AI will create more jobs, not replace workers, says Jeff Bezos AI will increase labour demand, Bezos says Amazon founder Jeff Bezos has said artificial intelligence will not replace large numbers of workers. Instead, he believes it will increase demand for human labour and create new types of jobs. Speaking at a tech conference in Paris, Bezos said fears about mass job losses are overstated. He argued that AI will remove limits on what people can do and open up fresh opportunities across industries. He said many people worry that AI will make workers unnecessary. However, he disagrees and believes the world may actually face a shortage of labour as new work emerges. Debate over AI and job security Bezos’ comments come at a time when concerns about AI’s impact on employment are growing. Some political and tech leaders, including former UK prime minister Rishi Sunak, have warned that AI could reduce job prospects, especially for younger workers. The UK’s Trades Union Congress has also raised concerns. It warned that AI could repeat the impact of deindustrialisation, where profits rise but many jobs become less secure or disappear. At the same time, it noted that AI could still bring major benefits if it is developed in a fair way and productivity gains are shared with workers. Bezos highlights physical AI and manufacturing Bezos also spoke about his new AI venture, Prometheus, which focuses on improving physical manufacturing. He said automation in this sector is growing quickly, but still needs human input and oversight. He suggested that AI will not fully replace industrial workers. Instead, it will reshape how production systems work and create demand for new skills. Long term vision for space and the Moon At the same event, Bezos shared his long term vision for space exploration. He described space as limited by supply rather than demand and said access is the main barrier to expansion. He said the Moon could become the first step in building a permanent human presence beyond Earth. Technologies like electrolysis could one day help extract and use lunar resources for fuel and long term missions. “We are going to the Moon to stay, not just to visit,” he said. Blue Origin updates and rocket setback Bezos also discussed his space company Blue Origin. He addressed a recent explosion during a ground test of the New Glenn rocket in Florida. No one was injured, but the incident damaged parts of the launch system. He said the team learned important lessons from the failure and managed to preserve key infrastructure, which will help speed up recovery. Blue Origin CEO Dave Limp said repairs are already underway. The company expects launches to resume before the end of the year as it competes with SpaceX in the commercial space race.
    AI will create more jobs, not replace workers, says Jeff Bezos
    June 17, 2026
    vUS Iran Agreement Explained in Simple Terms Introduction The United States and Iran have agreed on a new memorandum of understanding aimed at extending the ceasefire and reducing tensions. The plan also focuses on reopening key trade routes and building a path toward a final peace deal. Officials say the agreement works on performance rules. Iran will receive benefits only after it follows the required steps. President Donald Trump said the agreement may be signed soon at a formal event in Europe. End of Military Conflict on All Sides The agreement calls for an immediate and permanent stop to military action between the United States, Iran, and their partners. It also includes fighting linked to Lebanon. Both sides agree not to launch attacks or threats in the future. The plan also supports respect for Lebanon’s independence and borders. Officials say continued strikes in the region could break the deal. Both governments aim to prevent further escalation. Respect for Sovereignty and Internal Affairs Both countries agree to avoid interference in each other’s internal politics. This means neither side will support actions that affect the other government from within. The agreement focuses on stability and mutual respect between states. Sixty Day Deadline for Final Deal The agreement sets a maximum period of sixty days to reach a final settlement. Negotiations will begin after the official signing. Leaders may extend the timeline if both sides agree. Officials say the goal is a long term settlement that reduces future conflict and builds trust. United States to End Blockade Measures After signing the agreement, the United States plans to remove restrictions affecting Iranian ports and maritime access. This step aims to improve trade movement and reduce economic pressure during the negotiation period.
    US Iran Agreement Explained in Simple Terms
    June 17, 2026
    Why I Sold My Business to My Staff: Inside Softstar Shoes’ Employee Ownership Shift Employee ownership at Softstar Shoes Softstar Shoes in Oregon has moved to employee ownership, giving its 30 workers control of the company. The decision followed a full sale by former owner and chief executive Tricia Salcido, who chose to transfer ownership to her team instead of selling to an outside buyer. Salcido is 56 and beginning to plan for retirement. She now works as chief financial officer for the next few years while the staff run day to day operations. Why the business was sold to employees Salcido said she wanted to protect the company’s future and keep production local in the United States. She believed a corporate buyer would likely cut costs and possibly move parts of the work elsewhere. She explained that the business represents years of personal effort and that many small business owners want to protect what they have built, especially when they care about their employees. Staff involvement has increased Since the transition, employees have become more active in decision making. Salcido says workers now send direct suggestions and ideas on how to improve operations and increase efficiency. She noted that this level of engagement was not common before the ownership change. Staff now feel more responsible for both performance and profits. A growing trend in the US Employee ownership is becoming more common across the United States. A recent study suggests around 600 companies per year are now being sold to their workers. Funding for these deals has also grown strongly, rising to about $865 million in 2025 from $500 million in 2024. Benefits of employee ownership Research suggests employee owned firms often perform well. They tend to be more productive, less likely to lay off staff, and may offer higher wages. Workers also share in both the risks and rewards of the business. A wider retirement wave driving change Many business owners in the US are reaching retirement age. A McKinsey report estimates that around six million small and medium sized business owners, mostly from the baby boomer generation, will retire by 2035. Experts warn this could trigger a major wave of ownership changes. Many owners are now exploring employee ownership because their children are not always interested in taking over the business. What experts are seeing Harvard Business School associate professor Ethan Rouen says he frequently meets owners looking to sell. He notes that employee ownership is becoming an attractive option for those who want to protect their workforce and legacy rather than sell to large corporations or private equity firms.
    Why I Sold My Business to My Staff: Inside Softstar Shoes’ Employee Ownership Shift
    June 17, 2026
    Donald Trump stopped the planned confirmation hearing for his nominee Jay Clayton. The hearing was set to take place before the United States Senate Select Committee on Intelligence. Clayton was expected to begin the approval process to become Director of National Intelligence. That role oversees the country intelligence agencies and advises the president on national security. Reason Behind the Decision Trump said the hearing should not move forward because Congress has not acted on surveillance legislation. He pointed to issues with the Foreign Intelligence Surveillance law, which governs how intelligence agencies collect data from communication companies. He also linked the situation to disagreement over a separate voting bill. He said he would not support the surveillance law unless changes connected to voting rules were included. This move created tension because the two issues are normally handled separately in Congress. Political Reactions Senator Tom Cotton said the hearing was postponed and expressed regret over the delay. He said Clayton is qualified and ready for the role, and he expects the process to continue soon. Senator Mark Warner criticized the decision. He said national security should not depend on social media statements and warned that intelligence decisions should stay separate from political bargaining. What Happens Next Clayton remains the nominee for Director of National Intelligence. The Senate has not set a new date for the hearing. The position oversees 18 intelligence agencies and serves as the main adviser to the president on security matters. The current acting intelligence chief, Bill Pulte, will continue in the role until a permanent leader is confirmed. The previous director, Tulsi Gabbard, is expected to leave office on 30 June.
    Trump Pauses Spy Chief Confirmation Hearing for Jay Clayton After FISA Dispute
    June 17, 2026
  • Business
    BusinessShow More
    Deputy Mayor Defends Blocking £25m Palantir Met Police Contract Amid Job Cut Fears Contract decision sparks debate over policing costs and reforms in London London’s deputy mayor for policing and crime, Kaya Comer Schwartz, has defended her decision to stop a £25.3 million contract between the Metropolitan Police and US tech company Palantir. The deal was planned for 2026 to 2027 and included an optional extra year. It was intended to improve criminal investigations and support internal reforms within the force. She told the London Assembly’s Police and Crime Committee that her priority was ensuring public money is spent properly. She said the decision was based on concerns about value for money and accountability. “I make no apologies for making sure we have the right oversight over significant spending,” she said. “We must ensure contracts deliver value for Londoners.” Concerns over procurement and supplier choice The Mayor’s Office for Policing and Crime raised concerns about how the Met Police handled the procurement process. It said the force engaged seriously with only one supplier during the process. It also noted concerns about the company’s values and ethics, although those issues could not legally determine the final decision. Palantir rejected the criticism. The company said its proposal offered strong value for money and supported ongoing policing needs. It also confirmed it was considering legal action to challenge the decision. Impact on policing and possible job losses Met Police Commissioner Sir Mark Rowley warned that the blocked deal could affect staffing plans. He said the force must make budget savings this year and next year, which may lead to difficult decisions affecting public services. He said up to 750 job cuts could be required if funding pressures continue. Those decisions are expected to be finalised in the coming weeks. Conservative Assembly member Susan Hall criticised the decision. She warned it could lead to further cuts in frontline policing and questioned whether the deputy mayor would accept responsibility for the impact. Oversight and unanswered questions During the committee session, Liberal Democrat member Gareth Roberts asked how much detail the deputy mayor had seen about potential cutbacks. Comer Schwartz said she had not yet reviewed a full contingency plan. She added that discussions with the Met were still ongoing. Officials continue to assess how the funding gap will be managed while balancing technology investment, staffing levels, and service delivery across London policing.
    Deputy Mayor Defends Blocking £25m Palantir Met Police Contract Amid Job Cut Fears
    June 17, 2026
    Pizza Hut is being sold for $2.7bn in a split deal involving LongRange Capital and Yum China as Yum! Brands restructures its global restaurant portfolio
    Pizza Hut Sold in $2.7 Billion Deal as Yum! Brands Reshapes Global Business
    June 16, 2026
    # Elon Musk Becomes World's First Trillionaire Following SpaceX IPO Success Elon Musk has officially become the world's first trillionaire after SpaceX made a historic debut on the Nasdaq stock exchange. The milestone further strengthens Musk's position as the richest person on the planet and highlights the growing influence of his business empire. According to financial reports, Musk's net worth reached approximately $1.11 trillion after SpaceX shares surged during their first day of public trading. Investors showed strong confidence in the company, driving its market value to an impressive $2.2 trillion. ## SpaceX Makes History on Nasdaq SpaceX launched its initial public offering (IPO) with shares priced at $135 each. However, strong investor demand pushed the opening price to $150. During trading, shares climbed as high as $176.50 before settling around $161 at market close. The IPO raised approximately $75 billion from investors, making it one of the largest public offerings ever recorded. The successful launch reflects growing interest in the space industry, artificial intelligence, and future technology projects linked to Musk. ## Musk's Massive Ownership Stake Musk owns about 42% of SpaceX, giving him significant control over the company and its long-term direction. Bloomberg estimates that Musk's SpaceX holdings are worth around $767 billion. In addition, he holds billions of dollars in SpaceX stock options. His wealth also includes major holdings in Tesla, where his shares and stock options add hundreds of billions more to his fortune. The combined value of these assets pushed his total net worth beyond the trillion-dollar mark for the first time in history. ## Growing Debate Over Wealth Inequality Musk's trillionaire status has renewed discussions about wealth inequality around the world. His personal fortune now rivals the annual economic output of some developed nations, including Poland and Switzerland. Supporters argue that Musk's wealth reflects innovation, entrepreneurship, and successful investment in transformative technologies. Critics, however, question whether such concentrated wealth is healthy for society and the global economy. ## Political Influence Under Scrutiny Beyond business, Musk remains one of the most influential figures in global politics. He has publicly supported political causes and candidates, including US President Donald Trump's re-election campaign. Musk also played a leading role in government efficiency initiatives that focused on reducing public spending. Some of those measures attracted criticism from humanitarian organizations and policy experts who warned about their potential social impact. ## What Comes Next for SpaceX? The successful stock market debut provides SpaceX with substantial financial resources to expand its operations. The company is expected to invest heavily in space exploration, satellite communications, artificial intelligence, and future technological innovations. As SpaceX enters a new chapter as a publicly traded company, investors and industry experts will closely watch its next moves. Meanwhile, Elon Musk's record-breaking fortune continues to reshape discussions about business, technology, and wealth in the modern era.
    Elon Musk Becomes World’s First Trillionaire Following SpaceX IPO Success
    June 15, 2026
    # SpaceX IPO Makes History as Elon Musk Moves Closer to Trillion-Dollar Milestone ## Subheading The world's largest public offering marks a historic moment for SpaceX and could push Elon Musk into unprecedented financial territory. SpaceX has officially entered a new chapter by launching what is expected to become the biggest initial public offering (IPO) in stock market history. The landmark event highlights the company's remarkable journey from a risky startup to one of the world's most valuable businesses. Speaking from SpaceX headquarters in southern Texas, founder Elon Musk reflected on the company's early struggles. He revealed that when SpaceX first began, he believed it had less than a 10% chance of surviving. Today, that same company is making history with a record-breaking stock market debut. ## A Historic Day for SpaceX The official start of trading was celebrated through ceremonies in both Texas and New York. Company executives, employees, and investors marked the occasion with opening bell celebrations, while thousands watched the event live. Senior executives, including Chief Financial Officer Bret Johnsen and President and Chief Operating Officer Gwynne Shotwell, joined the celebrations as SpaceX shares officially entered the public market. Musk addressed employees and viewers through a live video message from Texas, describing the IPO as a major milestone for the company and everyone who helped build it. ## Elon Musk Nears an Unprecedented Financial Record If SpaceX shares reach or move beyond the suggested price of $135 per share, Elon Musk could become the first person in history with a net worth exceeding $1 trillion. The figure is difficult to imagine. A trillion equals one thousand billion, or 1,000,000,000,000. To understand its scale, consider a few comparisons: * King Charles' estimated personal wealth is below $1 billion. * The Dallas Cowboys are valued at around $13 billion. * Uber's market value stands at roughly $142 billion. * An average American worker would need more than 16 million years to earn $1 trillion. * The amount is also close to the value of Switzerland's entire economy. ## A Defining Moment for the Global Market The SpaceX IPO represents more than a financial event. It reflects years of innovation, private investment, and rapid growth in the commercial space industry. Investors around the world are closely watching the company's market performance, while analysts believe its public listing could reshape the future of aerospace investment and global financial markets. As trading begins, SpaceX has already secured its place in financial history. The coming days will determine just how far its valuation—and Elon Musk's personal fortune—can climb.
    SpaceX IPO Makes History as Elon Musk Moves Closer to Trillion-Dollar Milestone
    June 12, 2026
    SpaceX has raised seventy five billion dollars ahead of its planned public listing, pushing its valuation close to one point eight trillion
    SpaceX Raises Huge Funding Ahead of Public Market Debut
    June 11, 2026
  • Sports
    SportsShow More
    India has a huge football fan base but still struggles to qualify for the World Cup. Experts highlight grassroots gaps, structure issues, and long term development needs.
    Why India Is Still Missing From the FIFA World Cup Despite Massive Population
    June 17, 2026
    Title: F1, Football and NFL Executives Linked to Jeffrey Epstein After Conviction
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    June 16, 2026
    Little Algeria in Kansas: How Lawrence Became a World Cup Home for the Team A small city welcomes a global football story In the US state of Kansas, the city of Lawrence has become a second home for Algeria during the World Cup. The arrival of the team has turned this quiet city of around 100,000 people into a lively hub of flags, fans, and football energy. Local officials say the idea was simple. They wanted the team to feel welcome from the moment they arrived. The effort quickly grew into something bigger than anyone expected. Warm welcome and citywide preparation Before the squad reached Lawrence, the city began preparing for their stay. The tourism team, Explore Lawrence, worked with locals to create a friendly and informed environment. Residents joined in “Soccer 101” sessions to learn basic football rules. They also learned about Algeria, its culture, and its supporters. Streets, homes, and public spaces were decorated with national flags to show support. Fans, training sessions, and community connection When Algeria arrived, hundreds of people gathered to greet them. The welcome continued at Rock Chalk Park, where fans attended an open training session. Players spent time with local children, signing autographs and interacting with families. These small moments helped build a strong bond between the team and the community. Nearby Algerian communities in Missouri, about 40 miles away, also traveled regularly to Lawrence. Many came just to see the players and be part of the atmosphere. A shared experience between locals and supporters Some locals even opened their homes to visiting fans. One resident hosted Algerian supporter Wassini Souarit, who traveled from Minneapolis for the tournament. City representatives said this experience reflects the spirit of Lawrence. While many residents still support the United States team, they also embraced Algeria as their “home team” during the tournament. More than football For many involved, the experience has gone beyond sport. It has created real human connections between visitors and residents. Locals say the World Cup has brought a sense of unity that is hard to describe until it is experienced. The city’s welcome shows how football can build friendships across countries and cultures.
    Little Algeria in Kansas: How Lawrence Became a World Cup Home for the Team
    June 16, 2026
    Cape Verde Defensive Masterclass Offers Blueprint for Scotland vs Morocco Scotland urged to match Cape Verde’s defensive discipline ahead of Morocco clash Cape Verde’s recent performance against Spain has been highlighted as a strong defensive example for Scotland to study before their meeting with Morocco. Scotland’s back line, including Grant Hanley and Jack Hendry, showed resilience in their opening match against Haiti. Both defenders made key interventions as Haiti pushed hard for an equaliser after John McGinn’s goal. Head coach Steve Clarke now faces selection decisions in central defence. He may stick with Hanley and Hendry, bring back Scott McKenna after recovery, or shift to a back five that includes all three. Cape Verde’s defensive structure stands out Cape Verde impressed with a deep defensive setup, staying compact for long periods and forcing Spain to work around them. Former Scotland winger Pat Nevin praised their unity and organisation while covering the match. He said the team showed strong collective belief, with every player committed to the defensive effort. Cape Verde defended near their own box for most of the match but stayed alert and brave when breaking forward. Nevin also noted the importance of teamwork. Players worked as one unit rather than individuals, which helped them stay disciplined under pressure. He highlighted Sidny Cabral’s early tackles, which looked risky at first but proved effective. Diney Borges also improved as the match went on, growing in confidence and intensity. Mental strength and teamwork key to long defensive spells Former Scotland defender Willie Miller also praised Cape Verde’s structure and discipline. He pointed to their 4-5-1 formation, quick closing of space, and strong organisation across the pitch. He said defending for long periods demands high mental strength. Fatigue usually builds when a team spends most of the game without the ball, but Cape Verde maintained focus throughout. Miller added that their goalkeeper played a major role, helping control danger and keeping the team steady under pressure. He stressed the importance of compact spacing between defence, midfield, and attack. He believes Scotland will need similar discipline, shape, and belief if they want to handle Morocco’s attacking threat.
    Cape Verde Defensive Masterclass Offers Blueprint for Scotland vs Morocco
    June 16, 2026
    # World Cup 2026: Venomous Snakes Become an Unexpected Concern for Players As teams focus on preparing for the FIFA World Cup 2026, some players have found themselves dealing with an unusual challenge. Alongside tactics, fitness, and upcoming matches, several squads are now paying attention to local wildlife, especially venomous snakes. ## Germany Players Raise Safety Concerns Germany captain Joshua Kimmich revealed that players spotted a venomous snake near the team's training base in Winston-Salem, North Carolina. Reports suggest the snake was a copperhead, a species commonly found in the region. Kimmich explained that the incident quickly changed the mood among players. While no one was injured, the possibility of a snake bite raised concerns throughout the camp. He said players now pay more attention to where they walk and try to avoid areas where snakes may be present. According to Kimmich, preparing for football is difficult when players must also watch every step they take outdoors. ## Swiss Team Marks Snake-Prone Areas Germany is not the only team dealing with the issue. Switzerland has also taken precautions at its training base in San Diego. Reports indicate that Swiss officials identified and marked specific areas where snakes could be present. The move aims to keep players safe while allowing them to continue their preparations without unnecessary risks. ## Norway Reacts to Local Wildlife Warning Norway's national team is also based in North Carolina, where copperhead snakes are common. When informed about the situation, Norway captain Kristian Thorstvedt admitted he was not pleased by the news. The presence of venomous snakes has become a talking point among players as teams adjust to environmental conditions in the United States. ## A Different Challenge at the World Cup Players usually focus on opponents, injuries, and match tactics during major tournaments. This time, some teams must also consider wildlife safety. Germany has experience dealing with snakes at home, but dangerous encounters are relatively rare. Although the country has seven snake species, only two are venomous. For many European players, the wildlife conditions around certain World Cup training camps are unfamiliar. As a result, teams have increased awareness and encouraged players to stay cautious. ## Focus Remains on Football Despite the concerns, teams continue their preparations for the tournament. Coaches and staff remain focused on training schedules, match plans, and player fitness. While venomous snakes were never expected to become part of the World Cup conversation, players hope the issue remains a precaution rather than a real problem. Their main goal remains the same: performing at their best on football's biggest stage.
    World Cup 2026: Venomous Snakes Become an Unexpected Concern for Players
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Baner Club > Blog > Defence > Iranian president welcomes Saudi Arabia-Pakistan defense pact
DefencePakistan

Iranian president welcomes Saudi Arabia-Pakistan defense pact

Pezeshkian urges Muslim states to unite for peace, rejects nuclear weapons

Last updated: 2025/09/24 at 6:37 PM
Published September 24, 2025
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The newly inked defense pact between Saudi Arabia and Pakistan has been hailed by Iranian President Masoud Pezeshkian, who sees it as the first step toward a more comprehensive regional security framework involving the collaboration of Muslim nations in West Asia.

Pezeshkian said the agreement was a “good start” for guaranteeing regional peace and security while speaking to the United Nations General Assembly (UNGA) in New York on Wednesday.

The defense pact between Saudi Arabia and Pakistan is welcomed by Iran. With the support of Muslim nations, this is a positive start for regional security,” he said the participants.

He underlined that regional states must cooperate, communicate, and stand together in order to achieve true security.

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Deputy Mayor Defends Blocking £25m Palantir Met Police Contract Amid Job Cut Fears Contract decision sparks debate over policing costs and reforms in London London’s deputy mayor for policing and crime, Kaya Comer Schwartz, has defended her decision to stop a £25.3 million contract between the Metropolitan Police and US tech company Palantir. The deal was planned for 2026 to 2027 and included an optional extra year. It was intended to improve criminal investigations and support internal reforms within the force. She told the London Assembly’s Police and Crime Committee that her priority was ensuring public money is spent properly. She said the decision was based on concerns about value for money and accountability. “I make no apologies for making sure we have the right oversight over significant spending,” she said. “We must ensure contracts deliver value for Londoners.” Concerns over procurement and supplier choice The Mayor’s Office for Policing and Crime raised concerns about how the Met Police handled the procurement process. It said the force engaged seriously with only one supplier during the process. It also noted concerns about the company’s values and ethics, although those issues could not legally determine the final decision. Palantir rejected the criticism. The company said its proposal offered strong value for money and supported ongoing policing needs. It also confirmed it was considering legal action to challenge the decision. Impact on policing and possible job losses Met Police Commissioner Sir Mark Rowley warned that the blocked deal could affect staffing plans. He said the force must make budget savings this year and next year, which may lead to difficult decisions affecting public services. He said up to 750 job cuts could be required if funding pressures continue. Those decisions are expected to be finalised in the coming weeks. Conservative Assembly member Susan Hall criticised the decision. She warned it could lead to further cuts in frontline policing and questioned whether the deputy mayor would accept responsibility for the impact. Oversight and unanswered questions During the committee session, Liberal Democrat member Gareth Roberts asked how much detail the deputy mayor had seen about potential cutbacks. Comer Schwartz said she had not yet reviewed a full contingency plan. She added that discussions with the Met were still ongoing. Officials continue to assess how the funding gap will be managed while balancing technology investment, staffing levels, and service delivery across London policing.
Deputy Mayor Defends Blocking £25m Palantir Met Police Contract Amid Job Cut Fears
Business News June 17, 2026
Inflation Holds at 2.8% as Food Price Rises Slow in UK Inflation stays unchanged despite earlier forecasts UK inflation stayed at 2.8% in May, according to the Office for National Statistics (ONS). Analysts had expected a rise to around 3%, but prices remained steady instead. Food price growth slowed during the month, helping balance increases in other areas such as transport and fuel. Experts had warned that global tensions, especially the Middle East conflict, could push prices higher. However, the latest peace deal between the US and Iran may reduce some of that pressure in the coming months. Transport costs drive inflation higher Transport prices continued to rise and remained the strongest contributor to inflation. Motor fuel prices were 24.6% higher than a year earlier. Overall transport inflation reached 6.8%, the highest level seen since December 2022. ONS chief economist Grant Fitzner said higher costs came mainly from airfares, vehicle taxes, and fuel prices. Food inflation slows to a 17-month low Food prices rose at a slower pace compared to previous months. Food inflation dropped from 3% in April to 2.2% in May, its lowest level since December 2024. Prices for meat, dairy, and vegetables increased, but at a reduced rate. Beef and veal prices still rose by 9.4% over the year. However, this was lower than the 13.2% rise in April and 18.8% in March, showing a clear slowdown. Retailers and food industry outlook The British Retail Consortium said lower food inflation reflects strong competition among supermarkets. Still, it warned that prices could rise again later in the year. The Food and Drink Federation said retail prices often lag behind production costs. It added that recent global disruptions, including issues around the Strait of Hormuz, have not yet fully affected shop prices. Chief executive Karen Betts explained that farmers, processors, and manufacturers face higher costs first, and these usually reach consumers after several months. Long term contracts for energy and ingredients also delay price changes. Inflation trend context Inflation has moved sharply over recent years. It fell close to zero in late 2020, then surged to 11.1% in October 2022. It later dropped to 1.7% in September 2024 before rising again to 2.8% in May 2026.
Inflation Holds at 2.8% as Food Price Rises Slow in UK
Economics June 17, 2026
Fed Keeps US Interest Rates Steady as Inflation and Iran Deal Uncertainty Weigh on Outlook Federal Reserve decision holds rates firm The US Federal Reserve has decided to keep interest rates unchanged at 3.5% to 3.75% after its latest policy meeting led by new chair Kevin Warsh. The decision came as policymakers assessed ongoing inflation pressure and rising global uncertainty linked to tensions involving the US, Israel, and Iran. Inflation and global risks shape debate Inflation in the US remains above the central bank’s target at around 3.8%. This kept pressure on officials, some of whom supported a possible rate increase to control price growth. At the same time, uncertainty around President Donald Trump’s efforts to secure a deal to end the conflict with Iran added further caution to the outlook. The Fed said economic activity is still growing at a solid pace, even with these external risks. Split views inside the Fed Members of the Federal Open Market Committee showed disagreement on the next steps for interest rates. According to projections, nine of the 18 officials expect at least one rate increase this year. Eight expect rates to remain steady, while only one predicts a cut. This mix of views highlights the lack of agreement on how aggressively the Fed should respond to inflation. Policy message becomes shorter under Warsh The Fed also changed how it communicates policy decisions. The latest statement was much shorter than previous updates, reflecting Warsh’s push for simpler messaging. Officials removed earlier language that hinted at future rate cuts. The new statement focused mainly on price stability and current economic strength. Trump reacts to Fed stance President Donald Trump reacted briefly to the decision, saying it was acceptable and avoiding a strong position. He suggested that rate hikes would be harmful for the economy, but also expressed support for Kevin Warsh, saying he trusted his approach. Economic outlook remains uncertain While job growth and business investment remain steady, policymakers continue to face mixed signals. Inflation is still above target, and geopolitical tensions continue to cloud the outlook for future rate decisions.
Fed Keeps US Interest Rates Steady as Inflation and Iran Deal Uncertainty Weigh on Outlook
Politics United States June 17, 2026
AI will create more jobs, not replace workers, says Jeff Bezos AI will increase labour demand, Bezos says Amazon founder Jeff Bezos has said artificial intelligence will not replace large numbers of workers. Instead, he believes it will increase demand for human labour and create new types of jobs. Speaking at a tech conference in Paris, Bezos said fears about mass job losses are overstated. He argued that AI will remove limits on what people can do and open up fresh opportunities across industries. He said many people worry that AI will make workers unnecessary. However, he disagrees and believes the world may actually face a shortage of labour as new work emerges. Debate over AI and job security Bezos’ comments come at a time when concerns about AI’s impact on employment are growing. Some political and tech leaders, including former UK prime minister Rishi Sunak, have warned that AI could reduce job prospects, especially for younger workers. The UK’s Trades Union Congress has also raised concerns. It warned that AI could repeat the impact of deindustrialisation, where profits rise but many jobs become less secure or disappear. At the same time, it noted that AI could still bring major benefits if it is developed in a fair way and productivity gains are shared with workers. Bezos highlights physical AI and manufacturing Bezos also spoke about his new AI venture, Prometheus, which focuses on improving physical manufacturing. He said automation in this sector is growing quickly, but still needs human input and oversight. He suggested that AI will not fully replace industrial workers. Instead, it will reshape how production systems work and create demand for new skills. Long term vision for space and the Moon At the same event, Bezos shared his long term vision for space exploration. He described space as limited by supply rather than demand and said access is the main barrier to expansion. He said the Moon could become the first step in building a permanent human presence beyond Earth. Technologies like electrolysis could one day help extract and use lunar resources for fuel and long term missions. “We are going to the Moon to stay, not just to visit,” he said. Blue Origin updates and rocket setback Bezos also discussed his space company Blue Origin. He addressed a recent explosion during a ground test of the New Glenn rocket in Florida. No one was injured, but the incident damaged parts of the launch system. He said the team learned important lessons from the failure and managed to preserve key infrastructure, which will help speed up recovery. Blue Origin CEO Dave Limp said repairs are already underway. The company expects launches to resume before the end of the year as it competes with SpaceX in the commercial space race.
AI will create more jobs, not replace workers, says Jeff Bezos
News June 17, 2026
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