The Papers: 'Plot to oust Starmer' and 'Gord help us all'
Sunday's papers lead on the fallout from the local elections and Gordon Brown's return to politics.

Sunday's papers lead on the fallout from the local elections and Gordon Brown's return to politics.

SpaceX President Gwynne Shotwell announced a donation of her and her husband's SpaceX stock to the Trump Accounts program, benefiting approximately 2 million American children, with a focus on those near their central Texas home.

Swedish fintech Klarna has applied to federal and state regulators to establish a U.S. bank subsidiary, Klarna Bank USA, chartered in Utah and backed by FDIC. This move aims to bring banking operations in-house, offer broader consumer services, and enhance competition in the market.

The UK anticipates its third heatwave of the year, with temperatures potentially exceeding 30C for up to 10 days, peaking at 34C in London and south-east England. Amber and yellow heat-health alerts are issued, warning of significant impacts on health and social care, particularly for vulnerable groups.

Microsoft is eliminating 4,800 jobs, 2.1% of its workforce, with the Xbox division losing 20% of its staff, or 3,200 roles, by fiscal year 2027. These cuts are part of cost-reduction efforts amid investor concerns about AI and lagging revenue in areas like Windows and Xbox.

Jim Cramer's Charitable Trust plans to buy 120 shares of Intel (INTC) at approximately $124 each, increasing its portfolio weighting to 2.7%. This move follows a 14% drop in Intel shares last week, with Cramer's team remaining bullish on long-term demand and the foundry business.

President Trump launched "Trump Accounts," new tax-advantaged investment vehicles for U.S. children, by ringing the NYSE and Nasdaq opening bell from the White House. The program includes a $1,000 pilot contribution for babies born between 2025-2028.