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The author Salman Rushdie is on “the road to recovery” after being stabbed multiple times on stage during a literary event in the US, his agent said. The Booker Prize-winning author is being treated in hospital for serious injuries. Andrew Wylie, his agent, told Reuters on Sunday that his condition was improving. “He’s off the

There has been some suggestion that the US judicial system should rein back its investigations of Donald Trump, or drop them altogether. American social peace, they argue, is more precious than the blind pursuit of justice. If the price of stability is forbearance, so be it. Thankfully, Merrick Garland, the US attorney-general, took an oath

Ali Carnegie, a business energy broker based in south-west England, spends most of his working day on the phone breaking bad news to clients. In normal times, Carnegie wrangles with gas and electricity providers over single-digit percentage increases in the bills of the more than 250 small to medium-sized enterprises he has on his books.

The writer is executive director of American Compass At first glance, Republican opposition to the Chips and Science Act, through which Congress approved more than $70bn in support for the American semiconductor industry and roughly $200bn for scientific research, appears a straightforward story — of course the GOP resisted “big government” and “picking winners and

Donald Trump has mocked, dismissed and railed against the FBI and US Department of Justice for the search of his Mar-a-Lago estate this week. But the warrant that was presented to the former president’s attorneys to justify the swoop on his Florida home to retrieve boxes of classified documents he had retained since leaving the

Saudi Aramco broke its quarterly profit record set in May, as soaring energy prices driven by Russia’s invasion of Ukraine deliver windfalls to refiners. Net income at the state-backed group rose to $48.4bn in the second quarter, a 90 per cent year-on-year increase and its greatest earnings since listing in 2019. The Saudi oil company

When millions of refugees flooded across its border in the wake of Russia’s invasion of Ukraine, Poland was hailed as a role model. Almost overnight its citizens formed a grassroots volunteer army to help the displaced, donated money and welcome Ukrainians into their homes. There has been a slowdown in arrivals since the February 24

Fund managers are reducing pay packages and delaying hiring decisions in an attempt to curb costs, as pressure mounts from customer withdrawals and falling global stock markets. With inflation soaring to its highest level in four decades, putting upward momentum on wages, a number of asset managers are clamping down on expenses to protect profit

UK civil servants have been ordered to trawl through the social media accounts of guest speakers at one government ministry, including going back up to five years to see if they have ever criticised government policy, as part of a new vetting process. The new Cabinet Office rules cover the vetting of outsiders coming into

Alex Blyth thought his company had a genius strategy to reinvent cancer treatment. By examining the immunity of the lucky few who had no family history of the disease, Lift Biosciences discovered a potential treatment to destroy tumours for everyone else. Then the cell therapy hit a snag: it did not work when tested on

Investors heartened by this summer’s recovery in US equity markets should not relax their guard so soon because corporate debt concerns will probably spark another downturn at the end of this year, one of the world’s pre-eminent volatility specialists has predicted. While sharply falling equity prices in the first half of the year reflected concerns

The most disconcerting thing about Masayoshi Son at the announcement of SoftBank’s quarterly results was not the record-breaking $23bn loss, the promise of ferocious cost-cutting or even, two days later, the historic selldown of the company’s stake in Alibaba. It was how much he looks and sounds like the 65-year-old chief executive of a Japanese

The writer is director of the Social Market Foundation think-tank For more than a decade, the British state has been in retreat. This ragged withdrawal has been unplanned and inconsistent, felt most keenly in the poorest places and by people who lack loud voices. Until this Conservative leadership contest prompted echoes of Margaret Thatcher’s call