Sunak: Brexit a chance to do finance differently

The UK's finance minister said on Sunday Brexit offers Britain a chance to do things differently in financial services.

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  • Joe Biden stops motorcade on return from church to buy bagels from trendy bakery

    First family orders sesame bagels with cream cheese

  • MSNBC's Rachel Maddow says McConnell 'caved' on his filibuster demand during her Schumer interview

    In an interview with MSNBC's Rachel Maddow on Monday afternoon, Senate Majority Leader Chuck Schumer (D-N.Y.) said his caucus won't allow Minority Leader Mitch McConnell (R-Ky.) to dictate the agenda in the Democratic-led 50-50 Senate or demand an end to the legislative filibuster as a precondition for a power-sharing pact. "We've told McConnell no on the organizing resolution, and that's that. So there's no negotiations on that," Schumer said, suggesting he had a secret plan. "There are ways to deal with him."Maddow included an update when she broadcast the interview Monday night. "While we were airing that right now, and you were watching it, Republican Minority Leader Mitch McConnell just put out a statement that he is folding on this" and willl "agree to go forward with what Sen. Schumer told him he must," she said. "Sen. Mitch McConnell has caved and Sen. Schumer has won that fight. That was quick. Let's see what else we can do."> No sooner has the portion of Rachel Maddow's interview with Senator Majority Leader Chuck Schumer aired than Mitch McConnell has put out a statement that he is folding, ending the stand-off. pic.twitter.com/9qR1jpKXkf> > -- Maddow Blog (@MaddowBlog) January 26, 2021McConnell said he would allow the Senate to move forward because two Democrats had reiterated their opposition to ending the filibuster, effectively taking that option off the table. Maddow asked Schumer about that, too, and he didn't answer directly."The caucus is united with the belief that I have: We must get big, strong, bold things done," Schumer said. The Democratic caucus is also "totally united" that "we will not let Mitch McConnell dictate to us what we will do and not do," and "we have tools that we can use," notably the budget reconciliation process," he added. "We will come together as a caucus and figure it out."> "We will not let Mitch McConnell dictate to us what we will do and not do." Here's Senate Majority Leader Chuck Schumer earlier in his interview with Rachel Maddow, talking about the filibuster specifically, and getting things done. pic.twitter.com/xOAKWfe2Fu> > -- Maddow Blog (@MaddowBlog) January 26, 2021Schumer also suggested he is not interested in playing cat-and-mouse with McConnell's Republicans again. Watch below. > "We will not repeat that mistake." Senate Majority Leader Schumer cites Obama era lessons in prioritizing legislation over bad faith Republican 'bipartisanship.' pic.twitter.com/gpc1kBP45w> > -- Maddow Blog (@MaddowBlog) January 26, 2021More stories from theweek.com Josh Hawley knows exactly what he's doing 5 scathingly funny cartoons about Biden's COVID-19 push Trump must be prosecuted

  • Republican split widens as Donald Trump intervenes in party elections in Arizona

    The acrimonious split within Republican ranks widened over the weekend as Donald Trump made his foray back into politics, backing the re-election of a hard-line supporter as chair of the party in Arizona. His wholehearted support for Kelli Ward was seen by allies as the former president firing a warning shot across the bows of any Republican senators considering backing his impeachment. Underlining Mr Trump’s grip on the Republican grassroots, the Arizona party also voted to censure John McCain’s widow, Cindy, former senator Jeff Flake and governor Doug Ducey, who refused to back the former president’s claims of election fraud. Mr Trump’s intervention came amid reports that he is considering setting up a “Patriot Party” which would spearhead primary challenges to his opponents in the 2022 mid-term elections. The former president has already amassed a massive war chest with his Save America political action committee declaring last month that it had raked in $207.5 million in donations.

  • Biden's latest executive order will require the federal government to "buy American"

    President Joe Biden will continue his flurry of executive orders on Monday, signing a new directive to require the federal government to “buy American” for products and services. Why it matters: The executive action is yet another attempt by Biden to accomplish goals administratively without waiting for the backing of Congress. The new order echoes Biden's $400 billion campaign pledge to increase government purchases of American goods.Be smart: sign up FREE for the most influential newsletter in America.What they're saying: "President Biden is ensuring that when the federal government spends taxpayer dollars they are spent on American made goods by American workers and with American-made component parts," the White House said in a fact sheet.The big picture: Biden’s action kick offs another week in which the president will seek to undo many Trump policies with executive actions, while signaling the direction that he wants to take the country. * Biden will also reaffirm his support for the Jones Act, which requires maritime shipments between American ports to be carried on U.S. vessels. * Last week, Biden signed an order to attempt to raise the minimum wage for federal contractors and workers to $15 an hour.The bottom line: Former President Trump also attempted to force the federal government to rely on U.S. manufacturers for procurement with "buy American" provisions. * But supply chains — with some parts and components made outside of the U.S. — require long and complicated efforts to boost domestic manufacturing. Support safe, smart, sane journalism. Sign up for Axios Newsletters here.

  • Supreme Court drops Trump emoluments lawsuits over whether he illegally profited from presidency

    The Supreme Court on Monday brought an end to lawsuits over whether Donald Trump illegally profited off his presidency.

  • Teen held in Indiana killings of 5, including pregnant woman

    Indianapolis police arrested a 17-year-old boy Monday in the killings of five people, including a pregnant woman, who were shot to death inside a home in what the city's mayor called a “devastating act of violence.” The Indianapolis Metropolitan Police Department said in a statement that the name of the suspect in Sunday's killings was “not being released at this time since the suspect is a juvenile." As officers were investigating, police received information about 4:40 a.m. that led them to a nearby home, where they found multiple adults dead inside from apparent gunshot wounds, Sgt. Shane Foley said Sunday.

  • Giuliani slams ‘hate-filled left-wing’ as he responds to $1.3bn defamation lawsuit by Dominion Voting Systems

    Donald Trump’s personal lawyer claims legal action is intended to ‘frighten people of faint heart’

  • EU threatens to block exports of Pfizer Covid vaccine

    Britain's Covid vaccine supply is in jeopardy after the EU threatened to block exports of the Belgian-made Pfizer jabs amid a row with UK-based AstraZeneca. Brussels decided to impose tighter controls on exports after reacting with fury to the news that AstraZeneca will deliver 50 million fewer doses to the EU than it had expected. Ministers now fear deliveries of the Pfizer jabs will – at best – be delayed by extra paperwork and that the EU could try to stop doses being sent to non-EU countries after saying it will "take any action required to protect its citizens". In March, the bloc imposed export restrictions on personal protective equipment after it struggled with supply to its member states. On Monday night, MPs accused the EU of acting out of "spite" and trying to deflect blame for its own mistakes in getting vaccination programmes off the ground.

  • Futuristic 'Defiant X' in Running to Become Army's Future Long-Range Assault Helicopter

    Sikorsky and Boeing Co. unveiled the helicopter they're proposing to be the U.S. Army's Future Long Range Assault Aircraft.

  • Biden to Sign New Round of Executive Orders on Abortion, Immigration

    President Biden will sign a fresh round of executive orders during his first full week in office, including actions loosening restrictions around abortion and immigration. Biden will issue and order to rescind the Mexico City policy, which prohibits U.S. funding for foreign organizations that perform or promote abortions. The administration also dodged last week on whether Biden plans to scrap the Hyde Amendment, which bars taxpayer funding of elective abortions under Medicaid. On immigration, Biden plans to establish a task force focused on reuniting migrant families who were separated as a result of the Trump administration’s “zero tolerance” policy, according to a memo outlining the upcoming executive actions obtained by The Hill. Biden will order an immediate review of the public-charge rule, which denies U.S. entry to migrants considered likely to become dependent on the government. The president also plans to roll back Trump administration policies on asylum and take “other actions to remove barriers and restore trust in the legal immigration system, including improving the naturalization process.” At the same time, Biden will take a page from the Trump administration’s playbook and sign an order directing federal agencies to tighten requirements on buying goods and services made in America from American businesses. Trump signed a similar directive during his first months in office. The president will also sign orders related to racial equity, including establishing a commission on police and bringing back Obama-era rules on transferring military-style equipment to local law enforcement. Another order will direct the Justice Department to improve prison conditions and begin the process of eliminating private prisons. Biden may also sign an order reversing a ban on transgender troops serving in the military. On climate change, Biden is expected to sign an order installing regulations to “combat climate change domestically and elevate[] climate change as a national security priority.”

  • Hawaii GOP official resigns after posting pro-QAnon tweets

    A high-ranking official with the Hawaii Republican Party confirmed Monday that he resigned after posting a series of tweets about the QAnon conspiracy theory on the official party account, saying its adherents shouldn't be mocked. The tweets have since been deleted from the party’s account. QAnon followers advocate a conspiracy theory rooted in the baseless belief that former President Donald Trump was fighting deep state enemies and a cabal of Satan-worshipping cannibals operating a child sex trafficking ring.

  • Black family handcuffed at gunpoint by police sues Aurora, Colorado

    Brittney Gilliam had taken her family for a "Sunday funday" when officers with guns drawn ordered her and the four underage girls with her to exit the car.

  • Police car in Tacoma, Washington, smashes through crowd watching street racers

    Tacoma Police spokeswoman Wendy Haddow said police were alerted to the street racers and a 100-person crowd blocking area streets, according to the News Tribune. When the patrol car responded, the crowd began pounding on the vehicle's windows, she told local media. “He was afraid they would break his glass,” Haddow told the News Tribune, saying the officer sped away from the scene for his own safety.

  • Man 'recovering well' after world-first double shoulder and arm transplant

    An Icelandic man who got the world's first double shoulder and arm transplant is recovering well after the operation, two decades after the accident that cost him both limbs, doctors said Friday. They said it was still uncertain how much mobility Felix Gretarsson, 48, will eventually recover following the operation earlier this month in the French southeastern city of Lyon. But "giving a little to somebody who was missing so much, that's already a lot" Aram Gazarian, the lead surgeon in the operation, told a news conference. "If he can recover the possibility to actively bend his elbow, that would be a life-changer," he said.

  • Biden replaces White House doctor with longtime physician

    President Joe Biden has brought back Dr. Kevin O'Connor as his physician, replacing President Donald Trump's doctor with the one who oversaw his care when he was vice president. The White House confirmed that Dr. Sean Conley, the Navy commander who served as the head of the White House Medical Unit under Trump and oversaw his treatment when he was hospitalized with COVID-19, will assume a teaching role at the Uniformed Services University of the Health Sciences. O'Connor, a retired Army colonel, was Biden's doctor during his entire tenure as vice president, having remained in the role at Biden's request.

  • Possibility of Iran conflict spurred U.S. military to try to expand access in Saudi Arabia

    The possibility of conflict with Iran prompted the U.S. military to begin using several extra ports and bases in Saudi Arabia for the first time over the course of the last year, The Wall Street Journal reports.The decision appears geared toward expanding the ability to operate militarily and complicating Iran's options in Saudi Arabia should tensions with Tehran, which is at odds with both Washington and Riyadh, boil over in the future. "What it does is to give us options, and options are always a good thing for a commander to have," Marine Gen. Frank McKenzie, the head of U.S. Central Command, told the Journal.McKenzie explained that the U.S. and Saudi Arabia are negotiating infrastructure plans for the coastal port of Yanbu as well as two air bases to make them more usable for the U.S. military. He said additional sites that have not been revealed are under consideration.As the Journal notes, the Biden administration has promised to take a tougher stance on human rights issues within Saudi Arabia, but the military base expansion effort — which began under the Trump administration — suggests Washington will continue to count Saudi Arabia as a key ally. Read more at The Wall Street Journal.More stories from theweek.com Josh Hawley knows exactly what he's doing 5 scathingly funny cartoons about Biden's COVID-19 push Trump must be prosecuted

  • 9 Houston officers charged, including 1 with murder, in probe of deadly 2019 raid

    The eight other current and former police officers were indicted in what authorities described as a long-term scheme to steal overtime money.

  • Early results on Pfizer COVID-19 vaccine encouraging, says Israeli HMO

    Fewer than 0.01% of people who received Pfizer's COVID-19 vaccine have contracted the virus more than a week after receiving the second dose, a leading Israeli healthcare provider said on Monday. The preliminary results shared by Israeli HMO Maccabi showed that only 20 people out of some 128,600 who received both shots have since been infected with the COVID-19 virus. Israel is a world leader with its rapid vaccine rollout, though the data also comes during a nationwide lockdown that has been helping to stem contagion.

  • Biden to reinstate COVID travel rules, add South Africa

    President Joe Biden on Monday will formally reinstate COVID-19 travel restrictions on non-U.S. travelers from Brazil, Ireland, the United Kingdom and 26 other European countries that allow travel across open borders, according to two White House officials. The officials, who spoke on the condition of anonymity to discuss the order, also confirmed Sunday that South Africa would be added to the restricted list because of concerns about a variant of the virus that has spread beyond that nation. Biden is reversing an order from President Donald Trump in his final days in office that called for the relaxation of the travel restrictions as of Tuesday.

  • MyPillow CEO Mike Lindell moves the goalposts on a run for Minnesota governor — again

    The will-he-or-won't-he speculation surrounding a possible gubernatorial run by MyPillow CEO Mike Lindell is destined to continue at least a bit longer.What he's saying: Lindell told Axios that his focus is currently on proving his (baseless) claims of election fraud. He won't make a decision until that fight is resolved.Get smarter, faster with the news CEOs, entrepreneurs and top politicians read. Sign up for Axios Newsletters here. * "Why would anybody want to run if they had the same machines with the election fraud?" Lindell said Friday. * "It will all get out there, and when it does, we'll see what elections are going to have to be done with paper ballots and no machines. Otherwise, it doesn't make sense to put in everybody's resources and time."Between the lines: While he's leaving the door open, Lindell's comments create a path for bowing out.Why it matters: If Lindell runs, name recognition and his ties to Trump could give him an edge among GOP voters. * Many top Republican officials and consultants think having the unpredictable pillow salesman at the top of the ticket would spell disaster for their efforts to win statewide in 2022.How we got here: Lindell has been flirting with a bid for months, but his commitment to promoting conspiracy theories about the 2020 election — including a much-covered White House visit — has triggered legal backlash and trouble for his business. * Last fall, Lindell said he'd run if Trump won another term. Then, in early January, he told the Star Tribune he was "90-95%" sure he'd jump in and would decide "once we know Donald Trump is our president."Support safe, smart, sane journalism. Sign up for Axios Newsletters here.