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Reeves to host bosses of UK and US financial firms as Trump visit begins

about 17 hours ago
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Rachel Reeves will host the bosses of top US and UK financial firms in Downing Street on Tuesday morning, as Donald Trump begins his official state visit,The meeting, which will be jointly hosted by US Treasury secretary, Scott Bessent, will be attended by senior figures from BlackRock, Barclays and Blackstone, who will have roundtable talks with officials hoping to highlight economic cooperation between the two countries,Trump’s two-day visit will include a series of business events, including a state banquet with tech bosses and senior cabinet ministers on Wednesday evening,Trump will later travel to Chequers on Thursday for a business reception, working lunch and press conference with Keir Starmer,Meanwhile, ministers will be hoping that Tuesday’s roundtable with financial bosses from the City and Wall Street will secure further foreign investments that can generate growth and positive headlines before a challenging budget in November.

That is expected to include a £100bn investment from Blackstone, the alternative asset manager known for its private equity investments and which manages about $1.2tn (£880bn) worth of assets.It is due to confirm the investment out of the $500bn it is due to invest in Europe over the next decade.Sky News, which broke news of Blackstone’s investment on Monday morning, said the funds would involve private equity buyouts as well as other forms of investment.Blackstone, which is led by Steve Schwarzman, is marking 25 years in London this year, having launched operations in the City in 2000.

The office currently employs 650 people, and has about $100bn already invested in the UK.That includes real estate investments, including a datacentre in the north of England.Schwarzman told Bloomberg in June that “the UK government has been really helpful, really focused to make that happen”.Blackstone’s investment pledge will be welcome news, helping to offset challenging decisions in the upcoming autumn budget.Rumours are swirling that the chancellor is considering a number of potential tax increases – including on banks, property and landlords’ rental income – in an effort to plug a shortfall of up to £40bn in the public finances.

The government has launched a fresh charm offensive to try to keep businesses onside, and Reeves last week pledged to shut down more regulators across the UK to encourage growth,Reeves – who in July claimed regulators were a “boot on the neck” of business – told private equity bosses that there was “still more to do”, having already sacked the chair of the competitions watchdog, shut down the payments regulator and “severely” constrained the Financial Ombudsman Service,Sign up to Business TodayGet set for the working day – we'll point you to all the business news and analysis you need every morningafter newsletter promotion“I want to take out more regulators; there’s still too many,” Reeves told investment firms at the British Private Equity & Venture Capital Association summit in London,The Treasury declined to comment,
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The Guide #208: How theatre is holding its own in the age of artificial intelligence

Last year, more than 37 million people settled their behinds into the red-velvet upholstery, plastic chairs or wooden “I’ll only tolerate this because it’s the Globe” benches of a theatre. West End attendance has reportedly grown by 11% and regional audiences have increased by 4% since 2019 – pretty impressive amid a cost of living crisis and after a pandemic that had us all locked in our houses.The increase in attendance can be chalked up to all sorts of reasons: the post-Covid return of tourists to the UK, schemes offering more reasonably priced tickets, and big films such as Wicked leaving people wondering what that Defying Gravity note sounds like live. But I’d throw another contender into the mix: the rise of AI.For some, AI’s arrival has been exciting or, at the very least, handy – who doesn’t want to outsource life’s grunt work, or get an expert photo editor/nutritionist/therapist for nothing? For others, it feels bleak and bewildering

3 days ago
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From Spinal Tap II to Ed Sheeran : your complete entertainment guide to the week ahead

Spinal Tap II: The End ContinuesOut nowFollowing up one of the greatest comedies ever made is a tough act, but here come Rob Reiner et al to have a bash at rekindling the magic. Luckily the subject matter of an ageing band still determined to take it to 11 has plenty of real-world touchstones to keep this particular parody relevant.From Ground Zero: Stories from GazaOut nowTwenty-two directors come together via producer Rashid Masharawi and exec producer Michael Moore to create this documentary about Israel’s ongoing genocide in Gaza, which – as reported by a UN special committee, Amnesty International and Médecins Sans Frontières – has created the largest group of child amputees per capita in history and created a deliberate man-made famine, among other violations of international law.The Long WalkOut nowIn a version of the United States ruled by a fascist regime, a group of young men take part in a contest where they must always walk a speed of at least three miles per hour or be shot by their military chaperones. So it’s got a Squid Game meets Hunger Games vibe, based on the 1979 novel by Stephen King

3 days ago
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Seth Meyers on Charlie Kirk shooting: ‘Political violence is abhorrent to the highest ideals of this country’

Late-night hosts reacted to the assassination of the rightwing activist Charlie Kirk and decried the rising tide of political violence in the US.Seth Meyers opened Thursday’s Late Night with a separate segment on the Kirk assassination. “We are horrified by this grotesque tragedy and our condolences go out to his family and loved ones,” he said. “It should never be a matter of political ideology to mourn and to extend our fullest and deepest empathy to those who are suffering.“Political violence is abhorrent and anathema to the highest ideals of this country,” he continued

4 days ago
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Shrinking audiences, a cash crisis and rivals on the rise: what’s gone wrong at Tate?

When a national institution starts to sound like Spın̈al Tap, you know it’s in trouble.Recently, Tate channelled the mythic rock band’s claim that its audience was not shrinking, just “becoming more selective”. In response to a decline in visitor numbers and a cash crisis leading to redundancies, the museum group emphasised “record numbers of young visitors” to Tate Modern (who cares about all those uncool visitors above the age of 35?).Yet in the summer, Tate’s director, Maria Balshaw, blamed the group’s problems on a dearth of 16-24-year-old visitors from continental Europe. So they appeal to youth, but the wrong youth?This week, Tate Modern will open a blockbuster show that may attract paying adults

4 days ago
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Protesters target Royal Opera House over performance by ‘Putin’s diva’

Dozens of protesters have gathered outside the Royal Opera House to demonstrate against an eminent Russian opera singer nicknamed “Putin’s diva” who performed on the opening night of Tosca.Anna Netrebko, 53, one of the world’s best-known sopranos, who draws full houses for her performances at leading opera houses globally, has denied being an ally of the Russian leader.She was ostracised by most major opera houses in the months after Russia’s invasion of Ukraine in February 2022, despite releasing a statement unequivocally condemning the conflict.Netrebko, who has not performed in Russia since 2022, was given a People’s Artist award in 2008 by Vladimir Putin. The crowd of about 50 protesters congregated outside the central London venue included Natalia Filatova, 48, who was wrapped in the Ukrainian flag

5 days ago
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And if your head explodes: Pink Floyd’s 20 best songs – ranked!

Fifty years after the release of Wish You Were Here, we count down the best of the band’s Syd Barrett years, their difficult recovery and later reunionLow on memorable tunes, big on racked, strangulated lead vocals, possessed of a worldview that makes every other Pink Floyd album look like a gushing font of Pollyanna-ish optimism, The Final Cut is a slog. But The Gunner’s Dream cuts through the gloom, thanks to a heartbreaking, fragile melody.Overshadowed by the albums that preceded and followed it, Obscured by Clouds might be the most underrated release in Pink Floyd’s catalogue: it boasts fantastic instrumental experiments, musical signposts to The Dark Side of the Moon and, in Wot’s … Uh the Deal?, a beautifully careworn, Beatles-y ballad undersold by its daft title.The studio half of Ummagumma is a mess – a band audibly searching for direction without success – but it contains one unequivocal triumph: Roger Waters’ evocation of the parkland on the banks of the River Cam, its pastoral calm spiked with a curious sense of menace, as if something nasty is lurking in the undergrowth.The More soundtrack throws up everything from proto-heavy metal and mock-flamenco to bongo solos

5 days ago
sportSee all
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The Breakdown | Springboks light up engrossing Rugby Championship so why tinker with it now?

about 6 hours ago
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The Bengals think they’re playing fantasy football, and Joe Burrow keeps paying the price

about 7 hours ago
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Golden George Beamish delivers kick for New Zealand athletics at world championships | Jack Snape

about 11 hours ago
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Italian skier Matteo Franzoso dies at the age of 25 after training crash in Chile

about 17 hours ago
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Surrey restrict Notts batters as weather hits schedule: county cricket – as it happened

about 18 hours ago
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No ‘funky rugby’: new England coach Lee Blackett targets substance over style

about 19 hours ago