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Business May 10, 2026

Who is Louis Mosley, Palantir's Defender Against Critics?

Louis Mosley, UK and Europe boss of Palantir, is at the forefront of defending the controversial te…
The Rise of Louis Mosley as Palantir's Public Face The hall was packed with rightwing radicals when Louis Mosley heralded a coming revolution. Just as Oliver Cromwell – that “crusader for Christ and liberty” – routed King Charles I’s royalists, “a similar revolution is brewing today”, said the UK and Europe boss of Palantir. Globalism’s “twilight” was upon us, he said in a speech dotted with admiring mentions of the podcaster Joe Rogan and “Elon’s Doge”. Palantir's Controversial Stance and Mosley's Role It was not a typical peroration for a big UK government contractor with more than £600m in deals with the NHS, the Ministry of Defence and police. But Palantir, the world’s most controversial tech company, is no typical contractor. In recent years it has gained firm footholds across Britain’s public sector while appalling critics with its leadership’s rightwing rhetoric and its work for the US and Israeli militaries and Donald Trump’s ICE immigration crackdown. Mosley's Background and Connection to Palantir Mosley is an important figure at Palantir. He is not trained as a technologist, but worked in Tory politics, including spells as an assistant to Rory Stewart and as a councillor in the Royal Borough of Kensington and Chelsea. He read history at Oxford where he met his wife, Nura Khan, a fashion editor, with whom he has four children. He is more likely to be seen reading biographies – Aneurin Bevan and Stalin have been recent subjects – than coding manuals. The Challenges Facing Mosley and Palantir Calls are growing for Keir Starmer’s government to cut its ties with the company that was co-founded by the Trump-backing tech billionaire Peter Thiel. It means Mosley has become a lightning rod for public fear of a US tech takeover of the British state. It has fallen to him to fight back. Almost daily his boyish features can be seen defending Palantir against its critics on X.com, on podcasts and on BBC News sofas. The Future of Palantir and Mosley's Role Mosley has embraced the foundational idea of Palantir, launched after 9/11 to help the US win the war on terror. It was named after the all-seeing crystal stones from The Lord of the Rings, which, as Mosley later explained, “are made by the goodies – by elves – but they fall into the hands of the baddies – the wizards – and they get used for evil purposes”. It is, said Mosley, a constant reminder that “you’re building a very, very powerful tool, and in the wrong hands, very powerful tools can be extremely dangerous. But in the right hands, they can be used to do extraordinarily good things.”
#Palantir #Louis Mosley #Peter Thiel
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Business May 10, 2026

Great Western Railway to be Nationalised in December

The UK government has set 13 December as the date to bring Great Western Railway back into public o…
Great Western Railway (GWR) will be transferred to public ownership on 13 December, the Department for Transport announced, completing the latest step in the Labour government’s rail renationalisation agenda.Nationalisation of Great Western Railway Set for 13 DecemberThe iconic service, operated by First Group for three decades, will become the 11th train operator to rejoin the state‑run network. GWR connects London’s Paddington to the west, south‑west of England and south Wales, and also runs routes to Oxford and Hereford.Timeline of Rail Operator Transitions Under the New PolicyMay 2024: Labour government elected and legislation passed to renationalise contracts when they expire.May 2025: Govia Thameslink Railway slated for nationalisation.September 2025: Chiltern Railways to be transferred to public ownership.13 December 2026: Great Western Railway nationalised.End of 2027: Target for all passenger‑train contracts to be under Great British Railways.Implications for the UK Rail Market and PassengersThe integration aims to simplify management, improve reliability and shift focus from shareholders to passengers. By aligning train operators with Network Rail under a single accountability structure, the government hopes to reduce costs, raise standards and deliver more coordinated timetables nationwide.What the Next Wave of Public Ownership Could Mean for British RailAnalysts expect further consolidations to accelerate, potentially prompting a review of remaining private operators—Avanti West Coast, CrossCountry and East Midlands Railway. If the model proves successful, the public sector may pursue deeper investments in rolling stock and infrastructure, positioning the UK as a benchmark for state‑run high‑speed rail in Europe.
#Great Western Railway #Department for Transport #Labour Government
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Politics May 10, 2026

Starmer Calls for Unity Over Election Setbacks, Emphasises Whole‑Country Delivery

In a post‑election column, Keir Starmer acknowledges Labour’s losses, rejects a simple left‑right n…
The Lead: Starmer’s Call for a Whole‑Country AgendaIn a reflective piece published after recent local election defeats, Keir Starmer accepts responsibility for Labour’s setbacks and argues that the party must move beyond a left‑right dichotomy to deliver tangible change for the entire nation.What the Election Results Reveal About Voter SentimentWhile the article does not provide specific vote counts, Starmer notes that voters across parties share common frustrations: the cost‑of‑living crisis, insecure borders, and a desire for opportunity for the next generation. These themes cut through traditional partisan lines and signal a demand for pragmatic solutions.Absence of Quantitative Data Highlights Qualitative ConcernsNo detailed vote percentages or seat changes are cited, underscoring the focus on narrative rather than numbers.The emphasis is on “the majority” of voters who feel let down by the status quo, regardless of party affiliation.Why This Rhetoric Could Reshape Labour’s StrategyStarmer’s appeal to “unify rather than divide” suggests a strategic pivot toward a broad‑based coalition that blends progressive policies with strong national security and economic growth messages. By positioning Labour as the party that can both protect borders and champion social fairness, the leader aims to capture the centre‑ground electorate that feels abandoned by traditional politics.What Comes Next for Labour and British PoliticsStarmer promises a series of policy initiatives focused on rebuilding defence ties with European allies, stabilising family finances against external shocks, and expanding opportunities for young people. If Labour can convincingly translate this narrative into concrete proposals, it may restore public trust and set the stage for a more competitive future election.
#Keir Starmer #Labour Party #UK elections
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Politics May 10, 2026

Trump's Beijing Summit: Xi Holds the Cards as US Position Weakens

Donald Trump arrives in Beijing for a critical summit with Xi Jinping from a position of significan…
The Lead: Trump's Fragile Position in Beijing Like an out-of-control wrecking ball, swinging wildly back and forth, Donald Trump smashes up the international order without much thought for the consequences. Lacking coherent strategies, workable plans or consistent aims, he power-trips erratically from one fragile region, tense warzone and complex geopolitical situation to another, leaving misery, confusion and rubble in his wake. The president will bulldoze into another international minefield this week – the fraught standoff between China and Taiwan – when he travels to Beijing for a two-day summit with President Xi Jinping. The Geopolitical Chess Game: Trump's Desperate Need for Xi's Help After a string of humiliating policy implosions over Ukraine, Gaza, Nato, Greenland, and now Iran and Lebanon, needy Trump craves a diplomatic success to flaunt at home. But his hopes of vote-winning trade pacts are overshadowed by his latest war of choice. He needs Xi's promise not to arm Iran if all-out fighting resumes – and Xi's help keeping the strait of Hormuz open as part of a mooted framework peace deal. The weakness of Trump's position going into the summit is fuelling speculation that reduced US support for Taiwan may be Xi's price for playing nice. The Power Dynamics: How Trump's Failures Strengthen Xi's Position Xi knows the Iran war is deeply unpopular with US voters. Trump is universally blamed for pushing up global energy, food and medicine prices. European allies have refused to bail him out, Russia is undeservedly benefiting from inflated oil prices – and poorer countries bear the brunt. Trump is not winning militarily, either, as shown by his half-baked, on-off Project Freedom. For China, Trump is the gift that keeps on giving. Thanks to him, the US is increasingly viewed internationally as an aggressive potential enemy or unreliable friend, much given over to treachery. The Taiwan Factor: Xi's Ultimate Priority Xi's top external priority is not the Middle East. It is the unification of communist China with a de facto independent, democratic Taiwan – a personal legacy project that he has repeatedly threatened to pursue by force. Pentagon planners believe China's ever-expanding military could be ready to launch an invasion next year. Taiwan's forces are vastly outnumbered, while its fractious political parties are as divided as ever about increased defense spending and the wisdom or not of seeking closer ties with Beijing. The Iran Conflict: A Double-Edged Sword for China The downside for Xi is the negative impact of the war on energy prices, global trade and export demand at a time when China's economy is already struggling. Last year, about 80% of Iranian oil shipments were bought by China – shipments the US navy is now blocking. So far, Beijing has largely managed to offset supply shortfalls from the Gulf by drawing on reserves, capitalising on green energy and buying more oil from countries such as Brazil and Russia. But for the world's largest importer of crude oil, safe and reliable navigation through the strait of Hormuz is critical. The Strategic Implications: US Military Resources Diverted from Asia The Iran impasse is drawing US forces away from Asia – it now has two aircraft carrier strike groups in the Middle East – and reducing its military capacity to defend Taiwan and regional allies from future Chinese aggression. China is urging both sides to embrace a negotiated settlement. It hosted direct talks last week with Iran's foreign minister, Abbas Araghchi, and is backing Pakistani intermediaries. Recalling China's successful 2023 fence-mending between Saudi Arabia and Tehran, anxious Gulf states are counting, like Trump, on Beijing's ability to influence its Iranian ally. The Future Outlook: A Potential Taiwan Compromise? Trump seems aware of this risk. He wrote to Xi last month, asking him not to supply weaponry to Tehran – and said he had received assurances China would not do so. But the Foundation for Defense of Democracies, a conservative US research institute, claims China already provides Iran with dual-use precursor chemicals for its ballistic missiles, satellite intelligence about US military movements, assets and bases, and help with sanctions evasion and money laundering. For a man who likes to boast he holds all the cards, the US president may find himself seriously short of trumps when he sits down with Xi.
#Donald Trump #Xi Jinping #China-US Relations
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Politics May 10, 2026

Starmer Enlists Gordon Brown and Harriet Harman Amid Post‑Election Turmoil

Keir Starmer has appointed former prime minister Gordon Brown and veteran MP Harriet Harman as unpa…
The Lead: Starmer’s Emergency Advisory TeamKeir Starmer has appointed former prime minister Gordon Brown and veteran MP Harriet Harman as unpaid advisers in a bid to defuse mounting calls for his resignation after Labour’s disastrous local election results.Strategic Roles for Brown and HarmanBrown will serve as Starmer’s envoy on global finance, tasked with shaping financial partnerships that could underpin defence‑related investments, especially with European allies. Harman will focus on women and girls, targeting violence prevention and economic opportunities.Election Fallout NumbersLabour lost over 1,400 councillors across England.In Wales, the party fell to nine Senedd seats, overtaken by Plaid Cymru and Reform UK.Labour also ceded ground in the Scottish Parliament, with significant seat losses.Implications for Labour’s Leadership CrisisThe appointments are largely symbolic, but they signal Starmer’s attempt to rally senior party figures and project stability. Critics within the party, including MPs Clive Betts and Debbie Abrahams, continue to demand a clear timetable for a leadership transition.What Comes Next for Starmer and the PartyAnalysts warn that without a decisive plan, Labour risks further erosion ahead of the next general election. The coming months will likely see intensified pressure from both reformist factions and the party’s traditional base, testing whether the advisory team can translate symbolism into tangible political support.
#Keir Starmer #Gordon Brown #Harriet Harman
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Business May 10, 2026

Advisers Urge JP Morgan Investors to Split Chair and CEO Roles

Investors in JP Morgan have been urged to vote in favour of splitting the role of chief executive a…
The Lead Investors in JP Morgan have been urged to vote in favour of splitting the role of chief executive and chair at America’s largest bank, amid concerns over the power wielded by its billionaire boss Jamie Dimon. The Proxy Advisers' Stance ISS and Glass Lewis, which issue advice to some of the world’s biggest fund managers on how to vote at annual investor meetings, have thrown their weight behind a shareholder resolution that would ensure two separate people hold the office of chair and chief executive “as soon as possible”. Investors are due to vote on the resolution at the bank’s annual general meeting on 19 May. The Data Analysis Dimon, who is worth an estimated $2.6bn (£1.9bn), has held the dual role for two decades. Holding the two most senior roles in a company is widely frowned upon in corporate governance circles, particularly in Europe, but not banned. The Impact Analysis “The size and complexity of JP Morgan suggests that it is difficult for any one person to run both the company and the board,” ISS said in its shareholder report. “The board is responsible for overseeing management and instilling accountability, and conflicts of interest may arise when one person holds both the chairman and CEO positions, thereby leading both the management team and the board which oversees it.” The Prediction The guidance has put the proxy advisers on a collision course with Dimon, who has held the chief executive and chair roles at JP Morgan since 2005 and 2006, respectively. The battle has also made its way to the White House. Trump in December signed an executive order aimed at reining in Glass Lewis and ISS, which he claimed were using their power “to advance and prioritise radical politically motivated agendas”.
#JP Morgan #Jamie Dimon #Corporate Governance
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Politics May 10, 2026

Europe's Defense Renaissance: Building Sovereign Weapons for a New Era

Europe is racing to build low-cost weapons and enhance defense sovereignty amid geopolitical tensio…
The Lead: Europe's Defense AwakeningIn a small workshop in England's East Midlands, engineers at the British startup Skycutter are designing weapons for Ukraine. The swarms of cheap, deadly and often autonomous drones deployed in that war have already changed combat completely, forcing European militaries to scramble to catch up in a drive to spend billions on weaponry. This push comes with added pressure from Donald Trump's wavering on the Nato alliance and the US president's insistence that members increase defence budgets.The New Arms Race: Survivable vs. Attritable WeaponsMilitaries do not believe they can totally dispense with people or heavier machinery such as tanks, artillery and ships. But a big chunk of the planned spending will go on drones of various sizes, whether for the air, land, sea or below the waves. Gen Sir Roly Walker, the UK's chief of the general staff, last year said he wanted the forces' equipment to be 20% "survivable" (because they have people inside), 40% "attritable" (you aren't too worried if they're destroyed), and 40% "consumable" (single use).The growing feeling across Europe is that "we should be able to stand up on our own two feet," according to one person at a fast-growing weapons startup. "Sovereignty is about control. If you buy things off the shelf from elsewhere you are always ceding some control." That applies to parts and materials as well. The UK is consulting on how much needs to come from Britain for a product to be sovereign. Manufacturers cannot necessarily rely on parts and materials from various countries who could become adversaries – notably China.The Financial Surge: €800 Billion and CountingThe EU has responded by promising to spend €800bn on defence over four years. The UK has also pledged to put aside more, with Keir Starmer likely to come under pressure to show progress after Labour's heavy losses in recent elections. A crop of well-funded startups are gaining momentum and expanding production, making big promises – many still unproven – that they can do a better job than traditional manufacturers and Silicon Valley rivals.European defence tech unicorns include Helsing, a German company backed by the Spotify founder Daniel Ek, and the German drone makers Quantum Systems and Stark Defence. Stark and Helsing recently won orders from Germany's military for attack drones, while all but Quantum are investing in UK factories. The British missile maker Cambridge Aerospace – controversially chaired by the former defence secretary Grant Shapps – is reportedly also close to joining the billion-dollar ranks.Geopolitical Shifts: Redefining European Defence PostureThe unsettling combination of Trump and war on the doorstep has sharpened long-running criticism that the continent has relied too much on US weapons makers. "A lot of supply chain diversification dreams have evaporated," says Kusti Salm, a former Estonian defence mandarin turned chief executive of the anti-drone missile startup Frankenburg. "I think it's natural if Europe wants to sustain its prosperity and freedom."Ricardo Mendes, chief executive of the drone maker Tekever, says the advent of unmanned aerial vehicles has prompted "a radical transformation in how defence technology is built", with companies betting on future demand for kit rather than locking in long-term contracts before starting. Tekever, which Mendes co-founded in Portugal in 2001, reached a billion-dollar "unicorn" valuation last year, and has 1,200 people, including new factories in the UK's drone cluster in Swindon, Wiltshire, and another in Cahors, south-west France.The Future Outlook: European Defence Innovation EcosystemUS rival unicorns include the drone maker Shield AI, the autonomous boat company Saronic Technologies, and the anti-drone weapons company Epirus. But two companies with names taken from JRR Tolkien's Lord of the Rings lead the American pack: the software company Palantir and the autonomous weapons maker Anduril. Both are making significant inroads into Europe, particularly the UK, but that expansion is coming under scrutiny as European politicians balk at their stridently pro-Trump backers.Palantir was backed by the billionaire Trump donor Peter Thiel. Thiel, a vocal critic of liberal democracies, has also backed Stark, which has raised concerns in Germany, though Stark says Thiel has no direct operational or strategic influence. Palantir's chief executive, Alex Karp, has repeatedly extolled American dominance, while Anduril is run by 33-year-old Palmer Luckey, who has personally hosted a Trump fundraiser and has cultivated close ties with the administration.As Europe pours billions into defense technology and sovereignty, the landscape of global defense manufacturing is being reshaped. The coming years will determine whether European startups can deliver on their promises and establish a sustainable defense ecosystem independent of traditional suppliers and geopolitical dependencies.
#Europe Defence #NATO #Drone Technology
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Politics May 10, 2026

Putin Claims Ukraine War Near End, Kremlin Aides Warn of Prolonged Peace Talks

During a scaled‑back Victory Day address, President Vladimir Putin said the conflict in Ukraine is …
Russian President Vladimir Putin told the nation the Ukraine war is "coming to an end" just hours after delivering a subdued Victory Day speech, yet senior Kremlin officials warned that any peace deal will be a protracted and intricate undertaking.The President’s Optimistic Assessment Amid a Scaled‑Back Victory DaySpeaking from Red Square, Putin said he was ready to negotiate new European security arrangements and singled out former German chancellor Gerhard Schröder as his preferred interlocutor – a proposal that is unlikely to be embraced by Kyiv or the EU. He also hinted at a possible meeting with President Volodymyr Zelenskyy in a third country once pre‑conditions are met, framing the discussion as a final point rather than a series of negotiations.Casualties and Clashes: The Numbers Behind the Stalemate57 Ukrainian drones were reported shot down by Russian air defenses on Sunday.Nearly 150 battlefield clashes were recorded in the previous 24 hours.Regional reports listed at least 1 civilian death and multiple injuries across Zaporizhzhia, Kharkiv, Kherson and Dnipropetrovsk.Despite a U.S.‑brokered three‑day ceasefire announced before the parade, hostilities continued, underscoring the grinding nature of the conflict.Strategic Implications for Europe and the Kremlin’s Diplomatic OptionsThe Kremlin’s mixed messaging reflects internal pressure: while Putin projects confidence, spokesperson Dmitry Peskov emphasized that “the issue of a Ukrainian settlement is too complex” and will take “a very long road.” Aide Yuri Ushakov added that renewed trilateral talks with the U.S. and Ukraine are unlikely until Russian forces withdraw from the Donetsk region – a demand Kyiv has rejected.European Council President António Costa signalled openness to dialogue, but the prospect of involving Schröder raises skepticism given his historic ties to Russian energy projects such as Nord Stream. Meanwhile, Russia’s economy remains strained, and public sentiment in Moscow is souring as the war drags on without a clear victory.Looking Ahead: Scenarios for Negotiations and Military DynamicsAnalysts see three plausible paths:Stalemate Continuation: Both sides remain entrenched, with periodic escalations and no breakthrough, prolonging humanitarian and economic costs.Limited Diplomatic Opening: Germany could act as a back‑channel, leveraging Schröder’s contacts to facilitate a ceasefire framework, though any substantive agreement would require concessions on territory and security guarantees.Escalation Risk: If Ukraine intensifies long‑range strikes or the West increases military aid, Russia may respond with broader offensives, further destabilising the region.In the short term, the war is unlikely to end swiftly; the Kremlin’s public optimism appears aimed at domestic audiences, while the reality on the ground points to a protracted, “long road” toward any lasting peace.
#Vladimir Putin #Ukraine #Gerhard Schröder
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Sports May 10, 2026

Juan Mata's Superb Season in Australia: The Spanish Maestro's Impact

Veteran Spanish footballer Juan Mata has delivered an impressive season with Melbourne Victory in A…
The LeadSpanish football veteran Juan Mata has completed a remarkable season with Melbourne Victory in Australia's A-League Men, demonstrating that his technical prowess and football intelligence remain undiminished despite his advancing age. The former Manchester United and Chelsea midfielder has quickly become a standout performer in the Australian league, earning the nickname "El Boomer" for his impact.The Technical Brilliance of a VeteranMata's season in Australia has been characterized by his exceptional left foot, precise passing, and ability to control the tempo of matches. At 35 years old, the Spanish maestro has proven that experience can compensate for physical limitations, as he consistently outmaneuvered younger opponents with his positioning and anticipation. His technical skills, honed over years at Europe's highest levels, have elevated Melbourne Victory's performance and provided a masterclass in midfield creativity.The Impact on Australian FootballMata's arrival in Australia has had a significant impact on the A-League Men, both on and off the pitch. His presence has raised the profile of the league internationally and provided local players with an opportunity to learn from a world-class professional. The Spanish midfielder's influence extends beyond his statistical contributions, as his work ethic, professionalism, and tactical intelligence have set new standards for his teammates and opponents alike.The Financial and Cultural ExchangeThe signing of Mata represents a significant investment by Melbourne Victory and demonstrates the growing appeal of Australian football to international stars. While specific financial terms weren't disclosed, such high-profile signings typically involve substantial contracts that reflect the player's status and experience. Mata's move also represents a cultural exchange between European and Australian football, potentially influencing playing styles and development approaches in both regions.The Future of Mata's Australian AdventureAs Juan Mata approaches the later stages of his illustrious career, his time in Australia raises questions about the future trajectory of both the player and the league. Will this be a temporary chapter in his career or could he extend his stay in Australia? For the A-League Men, Mata's success may encourage more high-profile European veterans to consider Australia as a destination, potentially raising the competitive level and global profile of the league.
#Juan Mata #Melbourne Victory #A-League Men
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