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Colman’s Blue Peter badge delight baffles co-star

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Colman’s Blue Peter badge delight baffles co-star


Actress Olivia Colman reacted with joy as she received a Blue Peter badge, while her Paddington in Peru co-star Antonio Banderas appeared bewildered.

Presenter Shini Muthukrishnan awarded badges to the pair during an interview for the long-running British TV programme, which Colman used to watch as a child.

Watch as Colman receives the award and attempts to explain its significance to Spanish actor Banderas, who was unfamiliar with the tradition.



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Go Motorsport

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Go Motorsport



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Why Tesla, crypto and prisons are Trump trade winners

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Why Tesla, crypto and prisons are Trump trade winners


grey placeholderGetty Images Elon Musk, wearing black, holds his arms up victoriously at a rally for Donald Trump in OctoberGetty Images

Financial markets greeted Donald Trump’s victory in the US presidential election with a blistering rally.

That’s despite considerable debate about how Trump’s plans for tariffs, lower taxes and mass migrant deportations might affect the world’s largest economy.

A week on, the surge finally appears to be settling. The three major stock indexes in the US ended the day lower on Tuesday, after rising roughly 5% since 4 November, the day before the election.

Here are some of the companies that have come out ahead, as investors try to game out what the next four years might bring.

Tesla

Tesla shares have surged roughly 35% since 4 November.

The rally has pushed the market value of the firm back above $1tn for the first time since 2022 and boosted the wealth of boss Elon Musk, who owns a roughly 13% stake in the company, by more than $50bn.

It marks a bet by investors that a Trump White House might ease up on some of the investigations by safety regulators into features such as self-driving.

The ties between Trump and Musk could also help Tesla navigate shifts in relationship between the US and China, where the company has a significant presence.

Although Trump is generally expected to reduce government support for electric vehicles, such as tax credits, analysts say this could actually benefit Tesla, the market leader in the US, making it harder for rivals to catch up.

Cryptocurrency

grey placeholderGetty Images A screen shows the price of Bitcoin against US dollars at a cryptocurrency exchange store in Hong Kong, China, on Tuesday, Nov. 12, 2024Getty Images

The price of the best-known cryptocurrency, Bitcoin, jumped more than 25% to new all-time records this week on the back of Trump’s win, briefly storming past $89,000.

The gains are a sign that investors are anticipating big changes for the sector, which faced a crackdown under the Biden administration from regulators warning it was rife with hucksters and fraudsters.

Trump once also called crypto a scam, but he changed his tune on the campaign trail this year, promising to make the US the “crypto capital of the planet”.

He said he would create a strategic bitcoin stockpile and sack Securities and Exchange Commission chair Gary Gensler, who had sparked anger by taking legal action against firms under existing financial laws.

Crypto firms insist their sector should be subject to new, tailor-made rules. That likely depends on Congress, where they could also get a friendlier hearing this year.

Banks

grey placeholderGetty Images Big bank executives including, from left, Wells Fargo chief Charles Scharf,  Bank of America boss Brian Moynihan, JPMorgan Chase chairman Jamie Dimon and Citigroup chief Jane Fraser at a hearing in Congress pushing for lighter regulatory requirementsGetty Images

Big bank bosses: (l-r) Wells Fargo’s Charles Scharf, Bank of America’s Brian Moynihan, JPMorgan Chase’s Jamie Dimon and Citigroup’s Jane Fraser

Shares in some of America’s biggest banks have seen double digit gains since the day before the election as investors bet financial firms will be among the most immediate beneficiaries of Trump’s promises for lighter regulation.

Among other issues, he will now have a voice shaping pending rules that set how much cash banks must keep on hand as financial cushion.

Trump is also expected to part ways with Lina Khan, current head of the Federal Trade Commission, who is known for her anti-monopoly views and is blamed for casting a chill on deal-making, a key business for banks.

Shares in Capital One and Discover, which have a merger under review by regulators, have jumped more than 15% since the result.

Prison operators

grey placeholderGetty Images Migrant detainees in red jumpsuits walk down a hall at an ICE detention centre in Adelanto, California in 2013 that was run by GEO Group Getty Images

Shares in the leading publicly traded prison firms GEO Group and CoreCivic have jumped roughly 70% since 4 November.

The gains point to the big opportunity investors see for private prison operators as Trump vows to round up and deport millions of migrants.

In 2021, President Joe Biden had ordered the Justice Department to stop doing business with private prison companies.

But Trump, who reversed a similar order during his first term, is expected to change that policy and drive new business, as he looks for help to carry out his immigration promises.

Trump’s first actions as president have been focused on assembling the team in charge of immigration policy, a signal it is likely to be a priority.

The dollar

grey placeholderGetty Images A cropped image showing the hands of a woman holding a wallet and fanning out $20 bills Getty Images

The dollar index is hovering at its highest level since April, rising more than 2% in the last week.

It is good news for American tourists travelling abroad – but a more mixed signal about the economy.

That is in part because the strength of the dollar is closely tied to interest rates, which investors are now betting could stay higher than previously anticipated.

It partially reflects data from before the election suggesting the US economy is stronger than previously understood.

But investors also see a risk that lower taxes, less immigration and new trade barriers could keep pressure on inflation, making the US central bank more reluctant to cut interest rates.

Last week, the Federal Reserve offered little guidance about the months ahead, saying it was too early to tell what impact Trump’s policies might have.



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UK Foreign Secretary David Lammy seeks to reset relations with Africa

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UK Foreign Secretary David Lammy seeks to reset relations with Africa


UK Foreign Secretary David Lammy is coming to the end of his maiden tour of Africa with the aim of resetting relations with the 54-nation continent.

“Our new approach will deliver respectful partnerships that listen rather than tell, deliver long-term growth rather than short-term solutions and build a freer, safer, more prosperous continent,” he said as he set out the agenda for his trip to the continent’s two biggest powers – Nigeria and South Africa.

Lammy’s visit follows his appointment as foreign secretary in the Labour government that took office earlier this year.

Since Labour was last in office in 2010, relations between African states and other world powers have changed massively.

Today, China is the largest trade partner for many African countries, while Russia has increasingly made inroads, including by offering military support to West African states battling jihadists.

Oil-rich Gulf nations, along with Turkey, have also been increasing their influence on the continent by striking business and military deals.

In contrast, UK-Africa relations have been “a lot more lacklustre”, says Alex Vines, the head of the Africa programme at Chatham House, a London-based think tank.

This is particularly the case between the UK and its biggest trading partner on the continent, South Africa, and the trip is an “attempt to reboot that”, he adds.

“I want to hear what our African partners need and foster relationships so that the UK and our friends and partners in Africa can grow together,” Lammy said.

Britain is no newcomer to the continent. A long – and at times chequered – history underpins many of its relationships with African countries.

Almost all its former colonies on the continent are part of the Commonwealth, although countries that did not have this historical link to the UK have joined the group, including Rwanda, Togo and Gabon. Angola has also applied to join.

“The Commonwealth will likely continue to be a key platform,” says Nicole Beardsworth, an academic at South Africa’s Wits University.

As its former colonies gained independence in the middle of the last century, Britain continued to play a sort of “big brother” role.

But this is now changing.

Dr Vines says Africa did not feature significantly in a major document released last year to outline the UK’s priorities on the global stage.

“There were name checks to countries like Nigeria and South Africa and Kenya in it, but there wasn’t much written,” he says.

Dr Vines adds that he expects South Africa-UK relations to improve under Labour because of its historic ties with the anti-apartheid movement that fought white-minority rule.

“That comes from the anti-apartheid struggle and the solidarity that Labour and people that were the Labour movement provided for combating apartheid,” he says.

Dr Beardsworth, however, notes that former Conservative Prime Minister Theresa May tried to bolster ties with Africa, but her efforts were “scuppered” after she resigned in 2019 following turmoil in the then governing party.

The UK then had an unprecedented turnover of prime ministers who had to deal with domestic crises, the UK’s withdrawal from the European Union, and the Covid pandemic.

“Africa fell off the radar,” Dr Beardsworth says, adding that the exception was the controversial, and now-scrapped, deal to send some asylum seekers from the UK to Rwanda.

Being the world’s youngest continent – with a median age of 19 – Africa presents opportunities for the future, the UK Foreign Office said.

“Africa has huge growth potential, with the continent on track to make up 25% of the world’s population by 2050,” read a statement from the office.

With an ageing population in the UK – as with much of the developed world – Dr Vines says that the sharing of skills will increase.

He adds that migration is an “emotive and complicated issue”, but the UK and other Western nations should avoid “cherry-picking the best and corroding African states from being successful themselves”.

The UK Foreign Office said that “growth is the core mission of this government and will underpin our relationships in Nigeria, South Africa and beyond”.

That will mean “more jobs and more opportunities for Brits and Africans alike,” it added.

The UK’s Africa policy has long focused on development aid, but this has been slashed in recent years as the country faces its own economic crisis.

Dr Vines says aid can be important to deal with humanitarian crises, climate shocks and to finance projects aimed at expanding the private sector in Africa, but he does not see the Labour government increasing funding.

“When you had a previous Labour government under Tony Blair, Britain saw itself as a global superpower for international development – that’s no longer the case,” he says.

Dr Beardsworth says relations are expected to move towards being more economically focused, and “much more mutually beneficial”.

She says this could also see the normalisation of the UK’s relations with Zimbabwe and Harare being welcomed back to the Commonwealth after relations broke down during the rule of the late Robert Mugabe.

Differences over international affairs such as the wars in Ukraine and the Middle East could also play out less in the public.

South Africa’s position on both conflicts has been at odds with much of the West.

But South African analyst Yanga Molotana does not see this as a major problem.

“Two things can exist at the same time – I can still hold my position, I can still hold my views, and we can still have a mutually beneficial relationship without the moral pressure of you saying that I have to agree with everything that you say,” she adds.

Dr Vines agrees, saying he expects the UK to continue promoting multi-party democracy in Africa, but there will be “less finger-wagging, and more quiet diplomacy”.

“The concern is probably going to be more regularly raised in private,” he says.



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Just a moment…

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Just a moment…



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