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Ex-Fed chairs condemn Trump’s bid to weaken central bank’s independence

Statement signed by 13 former senior officials condemns ‘unprecedented’ assault on Fed’s independence

Every living former head of the Federal Reserve condemned an “unprecedented” attempt by the Trump administration to weaken the US central bank’s independence, after the Department of Justice opened a criminal investigation into its chair, Jerome Powell.

Ex-Fed chairs Alan Greenspan, Ben Bernanke and Janet Yellen warned similar prosecutorial attacks in other countries had led to “highly negative consequences” for the cost of living – and argued they had “no place” in the US.

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© Composite: Reuters, ABACA/Shutterstock

© Composite: Reuters, ABACA/Shutterstock

© Composite: Reuters, ABACA/Shutterstock

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Xabi Alonso leaves Real Madrid after only seven months as head coach

  • Super Cup final defeat by Barcelona spells the end

  • Madrid are four points off Catalan club at top of La Liga

Xabi Alonso has left Real Madrid after just over seven months as the head coach. The club’s former midfielder has gone “by mutual agreement” after defeat by Barcelona in the Spanish Super Cup final on Sunday and with his team four points behind the Catalan club at the top of La Liga.

Alonso officially started on 1 June after a successful spell at Bayer Leverkusen, where he won the domestic double in 2023-24 and led the team to the Europa League final. After overseeing Madrid’s run to the Club World Cup semi-finals he began impressively, winning 13 of his next 14 games, the exception being a heavy derby defeat by Atlético Madrid.

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© Photograph: Jose Breton/NurPhoto/Shutterstock

© Photograph: Jose Breton/NurPhoto/Shutterstock

© Photograph: Jose Breton/NurPhoto/Shutterstock

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Google parent Alphabet hits $4tn valuation after AI deal with Apple

After Apple chose Gemini to power Siri, Alphabet surpassed Apple to become second-most valuable company in world

Google’s parent company hit a major financial milestone on Monday, reaching a $4tn valuation for the first time and surpassing Apple to become the second-most valuable company in the world.

Alphabet is the fourth company to hit the $4tn milestone after Nvidia, which later hit $5tn, Microsoft and Apple.

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© Photograph: Bloomberg/Getty Images

© Photograph: Bloomberg/Getty Images

© Photograph: Bloomberg/Getty Images

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Manchester United to confirm Michael Carrick as interim manager

  • Darren Fletcher will get option to join Carrick’s staff

  • Money available for transfers and Rúben Neves a target

Manchester United expect to confirm Michael Carrick as the interim manager on Tuesday, with finance to be at the 44-year-old’s disposal to strengthen the squad should a target for the long term become available.

The announcement of Carrick’s appointment is scheduled for Tuesday and Darren Fletcher, who has taken charge of two games since Ruben Amorim’s sacking, will be given the opportunity to be part of the coaching team. Carrick wants Jonathan Woodgate, who worked alongside him at Middlesbrough, to be part of his backroom staff.

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© Photograph: Adam Davy/PA

© Photograph: Adam Davy/PA

© Photograph: Adam Davy/PA

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Inside Democrats’ Brewing Debate Over Which States Should Vote First in 2028

Does Iowa deserve another shot? Is South Carolina too red? New Hampshire too white? Nevada too far-flung? Democrats are starting their calendar from scratch, and there’s a lot to consider.

© New York Times photographs by Hilary Swift, Bridget Bennett and Travis Dove

Iowa, Nevada, South Carolina and New Hampshire are all angling for positions at or near the front of the Democratic presidential primary calendar in 2028.
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Dozens of artists call for end to Israel’s ‘systematic attacks’ on Gaza hospitals

Actors, doctors and human rights leaders sign letter calling for restoration of medical care to ‘collapsed’ system

Dozens of artists, including Cynthia Nixon, Mark Ruffalo and Ilana Glazer, have joined with doctors, human rights leaders and humanitarian organizations to call for the immediate restoration of medical care in Gaza in a letter addressed to the state of Israel and world leaders.

“Israel’s systematic attacks on hospitals and unlawful blockade have collapsed Gaza’s healthcare system,” says the letter, which was shared exclusively with the Guardian. “Through its policies and military activities, the government of Israel has deliberately inflicted conditions of life calculated to bring about the destruction of Palestinians in Gaza and then denied the very help that could save them.”

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© Photograph: Getty Images

© Photograph: Getty Images

© Photograph: Getty Images

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This year, I’m sticking with achievable New Year’s resolutions. Here are a few | Dave Schilling

This could be your year to worry less about your waistline and spend more time at the movies

We are now more than a week into 2026, and it might shock you to know I’m feeling quite cheery. All the professional emails I’ve waited a month to send are out. The grout in my shower is scum-free. The music at the pharmacy is normal again. If you’re like me, and you find the holiday season a grim and lonely time that involves too much booze, too much food, too much Mariah Carey and not enough routine, the start of the new year is more than welcome.

The one thing that dampens my cheer at being dragged back to my desk for the comfort of drudgery – besides the endless and brutal news headlines – is the New Year’s resolution. The tradition of picking a few things to promise yourself to do (or not do) in the spirit of wellness is centuries old, dating back as far as 2000BC. Not sure what the Babylonians were resolving to do. Tidy up the storage closet in the ziggurat? Finally finish that tower they’d been thinking about? Try not to get sold into slavery (again)?

Dave Schilling is a Los Angeles-based writer and humorist

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© Photograph: Mark J Terrill/AP

© Photograph: Mark J Terrill/AP

© Photograph: Mark J Terrill/AP

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Why London’s lowest murder rate in more than a decade is drawing attention

Data for 2025 will be good news for the Met and the mayor Sadiq Khan as they bat away claims of a lawless city

• Capital’s murder rate drops to lowest in more than a decade

The number of murders in London in 2025 is drawing attention for being the lowest in more than a decade. Mark Rowley, the Metropolitan police commissioner, and Sadiq Khan, the mayor of London, say figures show their policies and plans are working, which are best summed up as tough on crime, tough on the complex causes of crime.

Has the Met turned a corner and can Khan shake off claims he presides over a city where crime is out of control?

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© Photograph: Jonathan Brady/PA

© Photograph: Jonathan Brady/PA

© Photograph: Jonathan Brady/PA

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US plan to exploit Venezuela’s oil could eat up 13% of carbon budget to keep 1.5C limit

Exclusive: ClimatePartner analysis shows how move would risk plunging Earth further into climate catastrophe

US plans to exploit Venezuela’s oil reserves could by 2050 consume more than a tenth of the world’s remaining carbon budget to limit global heating to 1.5C, according to an exclusive analysis.

The calculation highlights how any moves to further exploit the South American nation’s oil reserves – the largest in the world, at least on paper – would put increasing pressure on climate goals, and risk plunging the Earth further into climate catastrophe.

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© Photograph: Fernando Llano/AP

© Photograph: Fernando Llano/AP

© Photograph: Fernando Llano/AP

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Greenland says it cannot accept US takeover ‘under any circumstances’

Self-governing island stresses it is member of Nato, which is looking at improving Arctic defences, through Denmark

Greenland’s government has said it “cannot under any circumstances accept” Donald Trump’s desire to take control of Greenland, as Nato’s secretary general, Mark Rutte, said the organisation was working on ways to bolster Arctic security.

At the start of a critical week for the vast Arctic island, a largely self-governing part of Denmark, the US president restated his interest in the strategically located, mineral-rich territory, saying the US would take it “one way or the other”.

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© Photograph: Evgeniy Maloletka/AP

© Photograph: Evgeniy Maloletka/AP

© Photograph: Evgeniy Maloletka/AP

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