UK long-term borrowing costs have eased slightly after reaching a 28-year high, following expressions of support for Prime Minister Keir Starmer from some cabinet ministers. This development comes amid ongoing pressure on Starmer to resign due to significant electoral losses and concerns over his leadership.

US inflation surged to 3.8% in April, marking the highest increase since 2023, driven by ongoing conflicts in the Middle East that have escalated energy prices and everyday costs for consumers. This data was reported by the Bureau of Labor Statistics.

eBay's board has rejected GameStop's unsolicited $55.5 billion bid for the online marketplace, labeling the proposal as 'neither credible nor attractive.' GameStop's offer, which was a mix of cash and stock, was made earlier this month and aimed to acquire eBay at $125 per share.

The CEO of Lotus has urged the UK government to provide support for its Norfolk plant, emphasizing the company's commitment to its British heritage while announcing an extension of the petrol-engined Emira's production to cater to the US market.

The global sand crisis is intensifying as the extraction of sand, the most extracted solid material on Earth, threatens ecosystems and livelihoods. In Malé, the capital of the Maldives, a land reclamation project aims to address the dual pressures of a growing population and rising sea levels by sourcing sand from other parts of the archipelago.

The ongoing crisis in the Middle East, now in its 11th week, has led to increased fuel prices and concerns over jet fuel shortages, prompting many Britons to alter their holiday plans. As a result, travelers are shifting from air and road travel to rail and bus options due to fears of flight cancellations and rising travel costs.

Five former executives of Carillion, including Richard Adam and Zafar Khan, have been banned by the UK's Financial Reporting Council for acting recklessly prior to the company's collapse in January 2018. This incident marked one of the largest corporate failures in UK history, resulting in significant job losses and financial repercussions.

British Prime Minister Keir Starmer has announced plans for the full nationalization of British Steel, the last UK plant capable of producing steel from raw materials, located in Scunthorpe. This move follows a year of government control after the company was taken over from its Chinese owner, Jingye, amid concerns over its future.

The BYD factory under construction in Szeged, Hungary, is facing allegations of worker abuse, including violations of EU labor laws among the Chinese migrant workforce. The factory is set to become China's first electric car plant in Europe, scheduled to open in 2027.