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Five Men Are in Custody Near RAF Fairford. No Attack Took Place, and No Official Has Alleged Iran Directed Anything.
Thirty-Three Hours, Then a Board of Four. Automattic's Control Structure Was Never in Doubt.
Eight-Tenths of a Foot Below Sandy: The Nor'easter, Product by Product
$30 a Seat and a Meter Behind It. What Microsoft's One-App Copilot Actually Costs a Buyer.
Claims Fell to 197,000 While Tech Announced 155,126 Cuts. Check the Denominator.
Beyond Dental Work, Mexico Is Drawing a Different Kind of Medical Tourist
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Ten Streaming Services Disappeared Last Quarter. None of Them Took an Audience With It.
Oura's Listing Raises $532 Million for the Company. It Keeps About $6 Million.
Google Knew for Seven Weeks. Its Customers Found Out From a Newspaper.
The Big Read
Field NotesThe Five Fairford Suspects Are Out on Bail. British Police Say They Have an Open Mind. Washington Says a Foreign Actor.
The British account is of a farmer's phone call, material reported as not viable, and a bail decision taken at the first deadline. The American account is of men watched "for a long time" and a foreign hand. Both governments are describing the same five men.
A village lane. This photograph was not taken in Whelford and does not show any place connected with the investigation. File photograph.
The five men arrested near RAF Fairford in the early hours of Sunday were released on police bail on Monday afternoon. None has been charged. Britain's most senior counter-terrorism officer, announcing the decision, said it did not mean the investigation was over.
"I can confirm that following extensive interviews and enquiries, the five men who were arrested are being released on police bail this afternoon," said Assistant Commissioner Laurence Taylor, the head of Counter Terrorism Policing, in a statement published by the network at 4pm. "To be very clear, this does not mean the investigation is over. They are subject to stringent conditions on their movement and contact with others. They absolutely remain under investigation as we explore multiple lines of enquiry."
Residents of Whelford, the village of about 85 evacuated households a short distance from the base, were told they could go home. "Thanks to the excellent work of the army's explosive ordnance disposal team, the scene is now safe," the Home Secretary, Shabana Mahmood, said, as reported by the Press Association.
Technology
Xbox Is Three Quarters of the Way Through Its Reset. Halo Changed Hands on the Way.
The cuts are small next to the 3,200 roles Xbox said in July it would remove.
The Long View
Fox Paid $440 Million for a Library of Cheap Films. It Now Bills More Than $1 Billion a Year.
The service Fox bought in 2020 for less than the cost of two seasons of prestige drama now takes 2 per cent of all American television viewing — more than HBO Max, more than Apple TV+.
Weather
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Infrastructure Everybody Depends On Should Not Be Owned by a Competitor
Coverage Should Follow the Approval, Not the Advice
You Cannot Delegate the Thing You Have Never Done
Business
LNG Canada Will Double to 28 Million Tonnes. The Announcement Has a Date in the 2030s and No Price.
The pitch is Asia, ten days' sailing away, at a moment when a fifth of the world's LNG trade is stuck behind the Strait of Hormuz.
A Pacific Hurricane Made Landfall in Baja. Its Flood Watches Reach Iowa.
Southern California, which spent the weekend bracing for surf, is largely spared.
The 30-Year Treasury Closed at Its Highest Since the Bond Came Back in 2006. Households Had Already Marked Up Their Inflation Forecast.
Last week's move was in the long end, which is where inflation risk is priced.
The Men Held Near Fairford Are Five Londoners. They Are on the Ordinary Police Clock, Not the Terrorism One.
Several reports say the men can be held for up to 14 days.
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How to submitThe Picture
Why Did the Senate Vote Twice on the Same Bill in Three Days?
The Long View
Saudi Arabia Spends $83 Billion a Year. Its Pipeline Is Burning and It Has Not Answered.
Explainer
The Catch-Up Contribution Changes Hands in 2027, Not 2026
The Long View
Delaware Was Supposed to Be Losing Companies. It Registered 334,461 New Ones.
The Numbers
Yields Touched Five Percent and Then Fell. The Market Read the Hike as a Promise.
Editor's Choice
What Happens When the Advertiser's Own Agent Joins the Conversation?
A banner asks for a click.
Latest News
Everything we have published, newest firstThree Newsrooms Lost Their White House Passes on Saturday. No One Named a Story.
Reporters from CNN, MS NOW and Politico were turned away from the White House on Saturday morning, their badges disabled or confiscated. The stated ground is that the outlets peddle lies. Forty-nine years of case law says that is not enough, and the reason is procedural rather than political.
Fox Won August by One Measure and Lost a Fifth of Its Audience by the Other
Fox News finished August first in total viewers in both dayparts and holds thirteen of the fifteen most-watched programmes. Its 25-54 audience fell 21 percent in primetime and 26 percent across the day. Both sentences are true, and which one is the headline depends on which currency the buyer is paying in.
World
Oil Rose 3 Per Cent on a Rejected Offer. The Strait It Is Pricing Logged 78 Ships in 20 Days.
President Trump said on Saturday he had rejected Iran's seven-day plan to reopen the Strait of Hormuz, and Brent crude rose more than 3 per cent in Asian trading on Monday to about $107. IMF PortWatch recorded 78 transits of the strait between 1 and 20 September, 19 of them tankers. In the same 20 days of 2025 it recorded 1,731.
Will the World Agree AI Red Lines Before the Year Runs Out?
The letter was the easy part. What it asked for is the hardest object in international law: a prohibition that binds the states with the most to lose by accepting it.
The Hormuz Closure
Twelve to Nothing. The Fed Raised Rates Into an Oil Shock It Says It Cannot Fix.
The Federal Open Market Committee raised its target range a quarter point to 3.75 to 4 percent on Wednesday, its first increase since 2023, on a 12-0 vote. The statement says inflation remains elevated and promises the Committee "will deliver price stability." Twelve of eighteen officials expect another increase this year.
The House Voted a Third Time to End the Iran War, and Is Still About Seventy Votes Short
The House passed a war powers resolution 220 to 204 late on Tuesday, directing the president to remove US forces from hostilities with Iran. Seven Republicans crossed. It is the third time the chamber has voted this way since June, and none of the three has reached the president's desk. The Congressional Budget Office put the war's cost at $2bn to $3bn a month.
The Numbers
Private Credit's Default Rate Hit a Record the Week Before the Fed Raised Rates
Fitch put the trailing twelve-month default rate across 1,300 private credit borrowers at 6.3 percent at the end of August, a record, with 14 default events in the month. Healthcare providers and industrial manufacturers are both running near 10 percent. On Wednesday the Federal Reserve raised the rate almost all of that debt is priced against.
The Government Paid $6.7bn Last Year for Work Nobody Did
The Government Accountability Office estimates the deferred resignation programme cost $6.7bn in 2025, about 70 percent of the $9.5bn the federal government spent on paid administrative leave that year. Roughly 144,000 employees drew salaries while on leave before separating. GAO also says nobody can verify the savings, because the payroll data is not tracked that way.
Humanoid robots have been demonstrated for a decade.
The Money
OpenAI Is Sounding Out a $1.5tn Valuation and Putting Off the Listing
Reports put OpenAI in early talks over a share sale valuing it near $1.5tn, roughly double the $730bn of its last round, while the company signals an IPO is not imminent. Staying private is the point: the number is easier to sustain when nobody trades it daily.
What We’re Following
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The EU Cannot Admit Canada, So It Has Invented a Category Instead
Kosovo's Former President Was Convicted by a Court Kosovo Agreed to Create
The Board Voted to Close the Kennedy Center Hours After a Judge Refused to Let It Carry Trump's Name
A Comedy Nobody Had Heard of Last Year Won Six Emmys, Including the One That Counts
The Doors Closed at Half Past Four, and Two Thousand Performances a Year Closed With Them
A closure is announced in one sentence and absorbed over two years. The question a national memorial's audience is left with is not whether the building reopens, but what it reopens as.
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The Five Fairford Suspects Are Out on Bail. British Police Say They Have an Open Mind. Washington Says a Foreign Actor.
The Men Held Near Fairford Are Five Londoners. They Are on the Ordinary Police Clock, Not the Terrorism One.
Five Men Are in Custody Near RAF Fairford. No Attack Took Place, and No Official Has Alleged Iran Directed Anything.
The Story So Far
The Hormuz Closure24 stories
- 29 Sept LNG Canada Will Double to 28 Million Tonnes. The Announcement Has a Date in the 2030s and No Price.
- 28 Sept The 30-Year Treasury Closed at Its Highest Since the Bond Came Back in 2006. Households Had Already Marked Up Their Inflation Forecast.
- 28 Sept Oil Rose 3 Per Cent on a Rejected Offer. The Strait It Is Pricing Logged 78 Ships in 20 Days.
- 22 Sept Stocks Had Their Best Day Since August. The Two-Year Treasury Did Not Move.
- 19 Sept Saudi Arabia Spends $83 Billion a Year. Its Pipeline Is Burning and It Has Not Answered.
- 17 Sept Yields Touched Five Percent and Then Fell. The Market Read the Hike as a Promise.
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