Oxfam says investing by rich in disaster recovery widens inequality and gives incentive to delay climate action

The world’s wealthiest people are not just profiting from the polluting causes of climate breakdown, they are also increasingly cashing in on the catastrophic consequences, according to a study by Oxfam.

The global equality organisation has found that the richest 0.1% of the world’s population are heavily invested in disaster preparedness, recovery and reconstruction – a market that is projected to grow from $70bn to $92bn a year by 2029.

Data released under freedom of information laws reveals hundreds of projects unfinished despite Tory promises on regional equality

• Can a £5.8bn scheme help revive Grimsby and other town centres?

Most levelling up projects are not finished, years after funds were allocated, highlighting how ambitious Conservative promises of quick progress on regional equality have faltered.

Data released under freedom of information laws and manually reviewed by the Guardian found 821 levelling up projects out of 1,347 were yet to be finalised as of May this year. Across the UK, 73 council areas that had a bid for a project accepted were yet to see a single one fully completed. The Guardian has identified 59 projects that were completed since the data was collected.

An electoral supercycle over the next year may redefine the continent’s future. But what’s happening on the streets is shaping it, too

France sneezed, and Europe has again caught the cold. The wave of unrest which began with teenagers at a high school soon drew in hundreds of thousands of people nationwide and then spread across the continent. Protests have filled the streets in Lisbon and Madrid, and have ignited into violence in Milan, Brussels and Tirana as well as in French cities.

French authorities say they are deploying 70,000 officers on Saturday and are allowing only marches organised by unions. They blame hard-left militants as well as opportunistic young perpetrators for last weekend’s destruction and looting, when a minority hijacked largely peaceful protests. But with fuel prices set to rise further over the winter, the demands and participants broadening, and President Macron utterly failing to meet the moment, there is no sign of an end to the wider discontent and no speedy resolution in sight.

Rise in economic hardship and changes in attitudes towards migration could explain drop in support, experts say

Public support for the NHS’s founding principles – that it is free to use, available to everyone and tax-funded – has fallen over the last five years, research has shown.

Backing for all three pillars dropped between 2021 and 2025 across the UK population, except for a small rise in millennials’ support for the NHS being funded from taxation.

The scenes of social unrest and violence at the weekend are an ominous portent, ahead of elections which may deliver a far-right presidency

In Emmanuel Macron’s book Revolution, published ahead of the 2017 presidential election that he went on to win, he promised to restore hope to a country that was losing faith in its future. As Mr Macron’s lame-duck second term enters its last phase against a quasi-insurrectionary backdrop of torched public buildings and looted shops, the failure of that political project appears total.

The worst scenes of urban violence for years overshadowed a weekend of protest that gravely undermined what is left of the French president’s authority. As police lost control of the streets, more than 2,000 shops were ransacked. Far-left groups targeted town halls and local buildings, and engaged in pitched battles with the police, whose disastrously heavy-handed response to last week’s high school protests has succeeded only in escalating tensions.

Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here.

Letter from 150 scientists, MPs and activists calls for action to protect lower-income and minority-ethnic communities

The government must hold an inquiry into the unequal impacts of air pollution, 150 scientists, MPs and activists have urged.

Research by the Institute for Fiscal Studies shows that across England, lower-income areas have persistently higher levels of air pollution than wealthier areas.

Exclusive: Isabella Weber prescribes a common-sense solution to poverty, inequality and fascism – making life’s essentials affordable for all

The trouble with economists, Isabella Weber believes, is they do not behave like dentists. They obsess over ideological purity and are inflexible when searching for solutions, regardless of society’s symptoms. Dentists have no such pretensions – patients have little patience for dogma when in insufferable pain.

John Maynard Keynes, Weber clarifies in the canteen of the Wissenschaftskolleg zu Berlin (Berlin’s Institute for Advanced Study), was the first to draw this dental comparison – and she is running with it. As she sees it, the symptoms could not be more severe. “The status quo for the majority is entirely unbearable,” while extreme inequality and corporate concentration has reached levels “simply incompatible with democracy” worldwide. This is exacerbated by a climate crisis that “generates massive windfall profits” for big business as the “ecological foundations of our lives disintegrate”. All the while the far right is making hay.

Tom Cruise’s latest film could lose $250m (£190m) – could one reason be that audiences are tired of Hollywood telling them what they already know about the super-rich?

It seems as if nobody can decide who should shoulder most of the blame for the recent box office flop of Digger.

Was it the ousted Warner Bros film executives Mike De Luca and Pam Abdy, whose love of big-budget auteur cinema usually came with a hefty price tag? Or was it the marketing team, who were responsible for hiding the movie’s biggest swing from all trailers, ensuring many viewers would be left alienated from its early meta-reveal onwards?

Their careers are peaking, they’re rich in money and time – and young people think they’re cool. But maybe it’s not as simple as that

‘Stop sleeping on gen X.” I heard this on TikTok recently. I misinterpreted it, with a guilty start, as: “Stop sleeping, gen X,” because I am 51 (peak X), so always tired; while not sleeping at the time, I may have been resting my eyes. In fact, Joel Marlinarson, a marketing guru, was suggesting my generation have become a powerful, if underrated, force online.

Aged between 46 and 61, gen Xers with proper jobs are peaking, career-wise (although it’s a different story for those out of work, as a report last month on the struggles of over-50s jobseekers made plain). We’re more likely to own homes than the following generations; we’re emerging from the trenches of childrearing and, the argument goes, ready to indulge in some me-time. “If gen X were a country, it would be the world’s second-largest consumer market,” the World Economic Forum reported last year, with gen X women in particular influencing 70% to 80% of all consumer spending.

John Steinbeck’s hometown of Salinas is the least affordable city in the US for the middle class, a recent Brookings Institution analysis found

Nestled between two mountain ranges at the crook of central California’s coastline sits a valley known as the “salad bowl of the world”.

Farm workers stoop over neatly lined rows of crops off Highway 101 to harvest more than half of the nation’s supply of lettuce and nearly a third of its strawberries. The soil here is so rich that author John Steinbeck made the Salinas valley the promised land in his literary depictions of people chasing the American dream: immigrants, farm workers, westward-moving hopefuls, hungering for a better life.

Online comments reflect class tensions at Scottish university between those from lower-income families and wealthier US undergraduates

When Sophie Rose Jenkins announced she would not return to St Andrews University this academic year because of her experiences of classism on campus, she did not expect much of a response. But in the two weeks since she published her story on LinkedIn, it has resonated with hundreds of others.

“Working-class students have been made to feel ashamed of their home life at university,” the former comparative literature and classical studies student wrote in a lengthy post. “Arriving at a university ranked first in the UK at the time from a background like mine, I thought I was doing everything right.

Body would be modelled on climate panel and recognise inequality as a global challenge threatening world security

Plans to set up a global UN body on inequality modelled on the Intergovernmental Panel on Climate Change (IPCC) are likely to be proposed to a meeting of the UN general assembly in the coming months.

Speaking at an event on the sidelines of the general assembly in New York, left-leaning leaders from Brazil, Norway and Spain claimed momentum was building behind calls for a standing international panel on inequality that would recognise the issue as a global challenge threatening world security. Two G7 countries – Germany and Japan – have given public backing.

The issue cannot be avoided any longer. Andy Burnham and his chancellor must face the fear of a pensioner backlash, and find a fair solution

There is always something oddly unreal about party conference season. In theory, everyone is getting away from Westminster to better reflect on the state of the nation. In practice, the whole circus just briefly relocates to the coast, to live off warm white wine and gossip for three days, before coming back with a streaming cold. But this year, reality seems more elusive than usual.

Everyone knows hard choices loom, but everyone is frightened to make them. Every serious party needs billions of pounds to fund their promises, and everyone knows there’s an obvious place to find the money, but nobody wants to be the first to say so. And so a deferential silence shrouds the pension triple lock, whose future will be vigorously debated on the fringes and in private conversation this autumn, but less so on the stage.

Gaby Hinsliff is a Guardian columnist

While there’s much mocking of gen Z, the idea that the state should do more for those aged 18 to 25 is catching on around Westminster. About time, too

When did you realise you had finally grown up? It’s a trick question, obviously: maturity is just realising that life is full of things you don’t feel old enough for but somehow manage anyway, while getting better at pretending to know what you’re doing. But the question is worth asking nonetheless, because for gen Z the goalposts of grownup life are clearly shifting.

It’s a truism that adulting now comes later than it did to generations who still don’t consider adulting a verb, with 43% of 25-year-olds still living at home and plenty more jobless university graduates boomeranging back there this summer, thanks to a grim labour market. Since they’ll probably be working longer into what were once retirement years, perhaps it’s only natural that they’re taking longer to get started. But there’s a fine line between choosing to grow up more slowly and becoming trapped into a kind of limbo between childhood and adulthood, with nobody to pull you out of the morass beyond parents who aren’t sure how to handle this new life stage either.

Gaby Hinsliff is a Guardian columnist

Rotherham has 46 online vacancies for every 1,000 young people but there are 288 in Cotswold district council area

Young people in Rotherham face a local jobs market with the fewest suitable opportunities in Britain, according to a report that warns stark regional divisions are fuelling a crisis in youth work.

As ministers push to combat rising youth unemployment, the analysis from the Institute for Public Policy Research (IPPR) showed young people faced a tougher challenge in some parts of the country to find work than in others.

Nearly half of ethnic minority respondents in a poll say they have faced prejudice over the past year

Many Britons feel inequality is worsening and that discrimination has become more common, according to a thinktank study.

The report by British Future has found that people across ethnic groups believe racial equality is worsening in Britain. One in six people are from ethnic minority backgrounds.

A recent consultation on corporate reporting prizes the interests of shareholders over society. It’s a step in the wrong direction

The question of what corporations are for is deeply political. In a 1970 article for the New York Times, Milton Friedman argued that the “social responsibility of business is to increase its profits”. The idea that CEOs should worry about providing good jobs was “pure and unadulterated socialism”, he wrote. Friedman and his fellow neoliberals saw companies as vehicles for enforcing their politics. Their ideas endured: UK bosses are now paid 130 times more than average workers.

Despite Andy Burnham’s pledge to end neoliberalism, a 12-week consultation recently launched by his government risks entrenching it. The consultation was first announced as part of the Starmer government’s crusade against “red tape”. The average annual report for some businesses now runs to 98,000 words, and no doubt there are areas that could be simplified. But the consultation proposes removing vital information and presumes that company reports primarily serve shareholders, rather than other stakeholders. Both are steps in the wrong direction.