M&S expects cyber-attack to last into July and cost £300m in lost profits

A US judge has ruled that the Trump administration must help bring back a Guatemalan man who was deported, citing concerns over due process violations. The decision highlights ongoing legal battles over immigration enforcement and the rights of deportees.

Big-name lawyers Karen Dunn, Jeannie Rhee, Bill Isaacson, and Jessica Phillips are jumping ship from powerhouse firm Paul Weiss to start their own venture. This comes just months after Paul Weiss struck a deal with the White House to sidestep potential restrictions on its business—timing that might raise eyebrows but isn't explicitly linked.

Stocks just took their steepest weekly nosedive since April, and it's got regular investors sweating. The article suggests that the best move might be the hardest one—sticking with a "buy and hold" strategy instead of panicking. It’s a gut-check moment for anyone with skin in the market.

China's yuan has a shot at becoming a bigger player on the global stage, but it needs Hong Kong’s financial muscle to get there. With growing skepticism about the U.S. dollar’s dominance, Beijing sees a chance to push the yuan into more international transactions—and Hong Kong’s open markets, deep liquidity, and trusted legal system could be the perfect springboard.

Editor’s Note: The world’s reliance on the U.S. dollar isn’t as rock-solid as it used to be, and China’s been itching to position the yuan as an alternative. But for that to happen, global investors need confidence—something Hong Kong, with its hybrid East-West financial ecosystem, can help provide. If this plays out, it could reshape trade, investments, and even geopolitical power balances down the line. Not bad for a currency that was barely on the radar two decades ago.

The Reserve Bank of India (RBI) just handed the government a massive windfall—a record Rs 2.7 trillion dividend. The bulk of this came from selling off US dollars and raking in profits from foreign exchange operations. The RBI was busy in the forex markets, offloading reserves to stabilize the rupee, and those moves paid off big time. Higher earnings from rupee-denominated securities also chipped in, though dipping government bond yields took a small bite out of the gains.

Editor’s Note: This isn’t just a nice-to-have for the government—it’s a game-changer. A dividend this large gives policymakers more firepower to fund infrastructure, social programs, or even trim deficits without borrowing heavily. It also signals the RBI’s deft handling of forex markets, which helped cushion the economy against global volatility. For taxpayers and investors, it’s a reassuring sign of financial stability—and maybe a hint that the government’s budget math just got a lot easier.