Farage's Reform UK Storms To Historic Gains In Local Elections As Labour Collapses Reform UK is on track for historic gains in the 2026 UK local elections - seizing hundreds of seats in the early counts while Labour and the Conservatives suffer heavy defeats across England. Nigel Farage, leader of Reform UK, celebrated huge gains in England’s local elections on May 1 (Press Association via AP Imag...
Farage's Reform UK Storms To Historic Gains In Local Elections As Labour Collapses Reform UK is on track for historic gains in the 2026 UK local elections - seizing hundreds of seats in the early counts while Labour and the Conservatives suffer heavy defeats across England. Nigel Farage, leader of Reform UK, celebrated huge gains in England’s local elections on May 1 (Press Association via AP Images) With results from 39 of 136 councils declared overnight (roughly 28% of the vote counted) , Reform UK has already gained over 300 seats - a remarkable surge for a party that had almost no local presence just a few years ago. Now more than 300 seats won for Reform UK. Absolutely brilliant. 🤩🔥 — Dr David Bull (@drdavidbull) May 8, 2026 Labour has lost 220 seats , the Conservatives 107 , while the Liberal Democrats gained 35 and the Greens 22. Will Reform UK win the most council seat elections in the 2026 United Kingdom local elections? Yes 99% · No 1% View full market & trade on Polymarket Labour on the Brink in Traditional Strongholds The scale of Labour’s collapse is stark. In areas where the party was defending seats, it has retained only 23% so far. One senior Conservative commentator noted on X that Labour is “currently losing 84% of the seats they are defending.” Labour has already lost control of at least five councils , including long-held northern strongholds. Tameside fell after 47 years of Labour rule. Heavy losses were also recorded in Halton, Hartlepool, Redditch and Tamworth, with Reform UK making major inroads in former Labour heartlands across the North and Midlands. Birmingham on the Brink of a Reform Takeover? Nowhere is the drama more intense than in Birmingham , where all 101 council seats are up for election. Pre-poll surveys had Reform UK as the largest party or very close to it, with some projections putting them on 47 seats - just short of an outright majority. A widely shared post on X claimed Reform UK is “tipped to take control of Birmingham Cit...
(RTTNews) - European stocks may drift lower at open on Friday as investors weigh escalating U.S.-Iran tensions and brace for the release of the April U.S. jobs report later in the day for directional cues.
(RTTNews) - European stocks may drift lower at open on Friday as investors weigh escalating U.S.-Iran tensions and brace for the release of the April U.S. jobs report later in the day for directional cues.
Traders are embracing the “NACHO” trade, a new Wall Street acronym for "Not A Chance Hormuz Opens." as investors grow skeptical the Strait of Hormuz crisis will end soon. Maica | Istock | Getty Images Move over TACO trade. Traders now have a new acronym for a market increasingly skeptical that the Strait of Hormuz crisis will end anytime soon: NACHO. The shorthand "Not A Chance Hormuz Opens" has e...
Traders are embracing the “NACHO” trade, a new Wall Street acronym for "Not A Chance Hormuz Opens." as investors grow skeptical the Strait of Hormuz crisis will end soon. Maica | Istock | Getty Images Move over TACO trade. Traders now have a new acronym for a market increasingly skeptical that the Strait of Hormuz crisis will end anytime soon: NACHO. The shorthand "Not A Chance Hormuz Opens" has emerged on trading desks and among market commentators to describe growing skepticism that repeated remarks by U.S. President Donald Trump about reopening the key shipping route will lead to a swift resolution. "It's essentially the market losing hope in the chance of a quick fix," eToro market analyst Zavier Wong told CNBC. "For most of this crisis, every ceasefire headline triggered a sharp selloff in oil, and traders kept pricing in a resolution that never came. NACHO is an acknowledgment that higher oil isn't a temporary shock to trade around, it's the current market environment." As recently as Thursday, the U.S. and Iran exchanged fire in the Strait of Hormuz, with both sides accusing the other of starting the confrontation. The renewed hostilities further imperil the two countries' ceasefire agreement, which had already been strained by repeated accusations of violations. Trump, in a call with an ABC News reporter later Thursday, insisted that the ceasefire remains in effect, saying the strikes are "just a love tap." On Wednesday, Trump said Iran would be bombed "at a much higher level" if it did not agree to a peace deal , escalating tensions even as reports suggested Washington and Tehran were nearing an agreement to end the war . Stock Chart Icon Stock chart icon Brent prices since the start of the year The NACHO trade reflects a shift in positioning across oil, shipping, inflation hedges and rates markets as investors increasingly treat disruptions in the Strait of Hormuz as a lasting feature of the macro backdrop, rather than a temporary geopolitical shock, indus...
Taiwan Semiconductor Manufacturing Co. reported a 17.5% increase in its sales, highlighting sustained spending by hyperscalers bankrolling the AI boom. Sales in April rose to NT$410.7 billion ($13.1 billion). Analysts on average are expecting TSMC’s June-quarter revenue to grow 35%. The Taiwanese company has become an essential player in the global AI industry by making cutting-edge semiconductors...
Taiwan Semiconductor Manufacturing Co. reported a 17.5% increase in its sales, highlighting sustained spending by hyperscalers bankrolling the AI boom. Sales in April rose to NT$410.7 billion ($13.1 billion). Analysts on average are expecting TSMC’s June-quarter revenue to grow 35%. The Taiwanese company has become an essential player in the global AI industry by making cutting-edge semiconductors for the likes of Nvidia Corp. and Advanced Micro Devices Inc. That’s as Alphabet Inc., Amazon.com Inc., Meta Platforms Inc. and Microsoft Corp. said they are setting aside $725 billion for AI this year, significantly more than previously anticipated. In April, TSMC raised its full-year sales guidance and said its capital spending should trend toward the upper end of an existing forecast range of as much as $56 billion, conveying confidence in the year’s economic outlook.
Trump warns of massive strikes if Iran rejects a US deal, even as he claims a shaky ceasefire holds. While equity markets remain bullish, oil markets show "deep distress" and prediction markets signal low confidence in a swift diplomatic resolution. (Source: Bloomberg)
Trump warns of massive strikes if Iran rejects a US deal, even as he claims a shaky ceasefire holds. While equity markets remain bullish, oil markets show "deep distress" and prediction markets signal low confidence in a swift diplomatic resolution. (Source: Bloomberg)
(RTTNews) - ALTEOGEN Inc. (196170.KQ) reported first quarter net income attributable to shareholders of the parent company of 71.7 billion Korean won, a 13.8% decrease compared to 83.2 billion won, a year ago. Operating income was 39.3 billion won, down 35.6% from 61.0 billion wo
(RTTNews) - ALTEOGEN Inc. (196170.KQ) reported first quarter net income attributable to shareholders of the parent company of 71.7 billion Korean won, a 13.8% decrease compared to 83.2 billion won, a year ago. Operating income was 39.3 billion won, down 35.6% from 61.0 billion wo
Indonesian authorities were rushing to rescue 20 hikers after the eruption of Mount Dukono on Halmahera Island on Friday, a local rescue agency official said. Mount Dukono, located in North Maluku province, erupted on Friday at 7.41am, spewing volcanic ash as high as 10km (six miles) into the sky, the country’s volcanology agency said. The agency maintained the alert status at the mountain at ...
Indonesian authorities were rushing to rescue 20 hikers after the eruption of Mount Dukono on Halmahera Island on Friday, a local rescue agency official said. Mount Dukono, located in North Maluku province, erupted on Friday at 7.41am, spewing volcanic ash as high as 10km (six miles) into the sky, the country’s volcanology agency said. The agency maintained the alert status at the mountain at its third highest level, agency head Lana Saria said in a statement. Iwan Ramdani, the head of...