Keir Starmer is refusing to resign over the Peter Mandelson vetting controversy, as pressure intensifies and a senior Foreign Office official has stepped down to absorb the political damage. Starmer committed to presenting 'relevant facts' on Monday, signaling the government expects to contain the crisis through disclosure rather than personnel changes at the top. The episode centers on the vetting process applied to Mandelson before his appointment, with the handling of that process now costing at least one senior civil servant their position. The Foreign Office official's resignation functions as a conventional accountability mechanism, deflecting pressure from the minister while keeping the principal figures in place. The political risk for Starmer is whether Monday's disclosure satisfies critics or opens fresh lines of attack. Mandelson's appointment itself, and whatever irregularities surrounded vetting, remain the substantive questions. Investors and policy watchers should note that prolonged political distraction at the Foreign Office carries real costs for UK diplomatic continuity and trade-related policy execution.
India's Expenditure Finance Committee has cleared a Rs 1.25 lakh crore outlay for India Semiconductor Mission 2.0, up 64 percent from ISM 1.0's Rs 76,000 crore. The proposal now goes to the Cabinet, as two chip plants begin commercial output and a third, CG Semi, is set to open July 4, 2026.
The Supreme Court blocked Trump from firing Federal Reserve board member Lisa Cook, preserving the Fed's independence from presidential removal power. A separate ruling the same day gave Trump broader authority to dismiss leaders of other independent federal agencies.
The US Supreme Court has blocked President Trump's attempt to fire Federal Reserve governor Lisa Cook, who faced unproven mortgage fraud allegations. The ruling preserves Fed independence for now and keeps a politically charged removal case alive in the courts.
The US Supreme Court, splitting along ideological lines, has allowed the Trump administration to end Temporary Protected Status for Haitian and Syrian immigrants.