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US deficit poses ‘significant risks’ to global economy, warns IMF: Fund also cites concerns over fiscal ‘imbalances’ in UK, China and Italy
ft.com/content/0d098011-0ff5-4125-8cbb-5a5b281c9bd0
Quick Glance: IMF Warns of Fiscal Deficits in US and China
- The IMF has warned the US that its massive fiscal deficits have stoked inflation and pose “significant risks” for the global economy.
- Concerns were also raised about Chinese government debt, with the country projected to have a deficit of 7.6 per cent in 2025, more than double the average for other emerging markets.
- In addition to the US and China, the fund named two more countries that “critically need to take policy action to address fundamental imbalances between spending and revenues”.
- The IMF noted that “large and sudden increases” in US borrowing costs typically lead to surges in government bond yields globally and exchange rate turbulence in emerging markets and developing economies.
Bishop stabbed in Sydney church says he forgives attacker: Mar Mari Emmanuel shares message from hospital bed after being attacked while giving a sermon that was ...
thetimes.co.uk/article/sydney-church-stabbing-bishop-mar-mari-emmanuel-qcgtq0hj6
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Warwick Davis' wife Samantha dies aged 53: Samantha Davis, who co-founded the charity Little People UK, has died
liverpoolecho.co.uk/news/showbiz-news/warwick-davis-wife-samantha-dies-29015948
Quick Glance: Warwick Davis Mourns Wife Samantha Davis After Her Passing at 53
- Actress Samantha Davis, the wife of Star Wars and Harry Potter actor Warwick Davis, has passed away at the age of 53.
- Her husband Warwick confirmed Samantha's passing in a statement, revealing that she departed on March 24.
- In a statement, Warwick described the impact of Samantha's passing on his and his family's lives.
- Warwick also praised Samantha as his 'most trusted confidant and an ardent supporter of everything I did in my career.'
Qatar reassesses role as mediator in Gaza negotiations: Gulf state criticised by US and Israeli politicians for hosting Hamas leaders
thetimes.co.uk/article/qatar-will-re-evaluate-role-as-mediator-in-gaza-negotiations-8dvlj5dc6
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Brazil seeks to weaken fiscal targets it set only a year ago: Leftist administration of Luiz Inácio Lula da Silva wants greater flexibility on budget surplus ...
ft.com/content/14e6a4d4-8be7-46cf-bb51-8445b0e85dc1
Quick Glance: Brazil Moves to Relax Fiscal Targets Set a Year Ago
- The leftist administration of Luiz Inácio Lula da Silva wants more flexibility on budget surplus goals
- Brazilian President Luiz Inácio Lula da Silva’s government is seeking to loosen its own budget targets as investor concerns rise about the risk of fiscal slippage in Latin America’s largest economy
- Ministers intend to balance the budget next year, replacing the previous goal for income to exceed outgoings by 0.5 per cent of gross domestic product
- Analysts warn that the current deficit targets are unrealistic and likely to be tweaked, prompting investors to express concerns about Brazil’s economic approach under Lula
Meghan fears Archie and Lilibet are growing up 'deprived' of key thing: Meghan Markle is said to be missing "some aspects" of life in the UK and is ...
dailyrecord.co.uk/entertainment/celebrity/meghan-markle-fears-archie-lilibet-32610608
Quick Glance: Discover When Meghan Markle's Jam Will Be Available for Purchase
- Shortly after debuting her highly anticipated lifestyle brand American Riviera Orchard, Meghan Markle unveiled the first product.
- Markle made a return to Instagram to reveal the brand's identity and a website featuring a logo representing her neighborhood 'Montecito' with a sign-up link for the waitlist.
- The initial product will be strawberry jam, with a focus on home, garden, food, and lifestyle content based on information from the trademark application documents.
- While the specific release date remains undisclosed, interested individuals can already join the waitlist and anticipate further updates on Markle's product line.
Crypto miners hoard bitcoin as supply cut looms: Digital assets market prepares for 50% drop in reward for verifying bitcoin transactions
ft.com/content/023abcd1-eda5-4a9e-87d3-ad1c23a7bad3
UK's easyJet sees strong summer momentum, lifting shares: British airline easyJet said it was confident travel demand would remain strong this summer ...
reuters.com/business/aerospace-defense/uk-airline-easyjet-cuts-winter-losses-says-demand-builds-summer-2024-04-18/
Prince Harry: US is my primary residence now: The Duke of Sussex informed Companies House of the change in residency last June when he and Meghan were asked to ...
thetimes.co.uk/article/prince-harry-us-is-my-primary-residence-now-ngsxmpdnv
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Blackstone warns that private equity cannot return capital ‘overnight’: Industry sitting on record amounts of unsold assets that will take time to sell even as ...
ft.com/content/79b9dd79-809f-4d10-964b-3e4421dd8c9d
Girl, 2, drowned in farm pond 'after being left unsupervised for 30 minutes': Two-year-old Masie Elizabeth Lomax-Newton tragically died after falling into a pond ...
mirror.co.uk/news/uk-news/girl-2-drowned-farm-pond-32614351
'I put my disabled son in a facility so I can forget he exists - I'm not sorry': A single mum has taken to social media to share how she sent her 'extremely ...
mirror.co.uk/news/us-news/i-put-disabled-son-residential-32613832
‘Blame her’: Meghan’s big Archie, Lili fear: Meghan Markle is reportedly worried about the long-term impacts of her childrens’ separation from their father’s ...
news.com.au/entertainment/celebrity-life/royals/meghan-markles-big-fear-over-archie-and-lilibet-blame-her/news-story/bfb91be0832475886d418aff25d501ff
Man who set fire to UK mosque worshippers indefinitely detained: A man who set fire to two men as they left mosques in Britain last year was sentenced to ...
reuters.com/world/uk/man-who-set-fire-uk-mosque-worshippers-indefinitely-detained-2024-04-17/
Diana Edwards-Jones obituary: ITN director and pioneer in male-dominated television news
thetimes.co.uk/article/diana-edwards-jones-obituary-death-s8p0890bh
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Investment Masterclass: confessions of a top ex-Citibank trader: Gary Stevenson was once Citibank’s highest-paid trader. Here’s what he learned.
ft.com/content/4c5db8ad-bdd6-42c9-9b3e-538fbc4cc589
UK inflation falls less than expected to 3.2% in March: Rate continues to drop but economists had forecast a decline to 3.1%
ft.com/content/f70f52d1-87ac-42f9-a0c3-be3e5e88d711
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Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
Record ocean warming adds to dangers for native fish species, environment chief warns
ft.com/content/28ff3477-f891-4ea5-acb8-750887bdf5f3
Prince Harry says travel industry must do more for local communities: Britain's Prince Harry said it was crucial the travel industry did better by the local ...
reut.rs/3xCNkZB
Global police agencies take down massive scam website that defrauded thousands of victims
cnbc.com/2024/04/18/police-take-down-massive-fraud-website-labhost.html
Hunt says Thames Water must ‘sort out’ its own issues : Chancellor says UK government will never insure investors against poor decisions
ft.com/content/cfbfb778-205b-41b2-a836-6537f03cc30a
Cocoa hits record high as global shortage worsens in first quarter: London futures prices near £10,000 a tonne as poor west African harvests hit supplies
ft.com/content/0709ee7e-a6df-43b3-81c3-afaa219df06d
Man buys VW Campervan for £180 and drives it nearly one million miles: Steve Green is the proud owner of the multipurpose VW Campervan, now 52-years-old ...
mirror.co.uk/news/uk-news/man-buys-vw-campervan-180-32605417
The AI race is generating a dual reality: US tech giants may dominate but they won’t have it all their own way
ft.com/content/8af1f467-2953-4cbc-a336-4c92c92e6792
After smoking ban in Great Britain: Smoking will soon be illegal in Germany?: Smoking is to be gradually banned in Great Britain. Now the German drug ...
t-online.de/nachrichten/deutschland/id_100388312/nach-rauchverbot-in-grossbritannien-rauchen-in-deutschland-bald-illegal-.html
Woman arrested for wheeling corpse into bank to co-sign a loan: The woman appeared to be propping up the dead man’s head in a video of the incident
independent.co.uk/news/world/americas/woman-arrested-brazil-corpse-bank-b2530344.html
High-speed trader Jane Street raked in $4.4bn at start of 2024: Trading revenue for secretive New York firm rivals sums generated by Wall Street banks
ft.com/content/7bdd0bc1-5284-4d52-93aa-ddfb609b0bd6
Financial Times: News, analysis and opinion from the Financial Times on the latest in markets, economics and politics
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ITV winner 'devastated' after disabled dog banned from trip: Saturday Night Takeaway winner Tammie Fox has blasted TUI for barring her paralysed dog from a ...
metro.co.uk/2024/04/17/itv-winner-devastated-disabled-dog-banned-prize-holiday-20662382/
UK Inflation Stronger Than Expected on Higher Fuel Prices: UK inflation slowed less than expected last month as fuel prices crept higher, underscoring the ...
bloomberg.com/news/articles/2024-04-17/uk-inflation-stronger-than-expected-on-higher-fuel-prices
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Taylor Swift fans seeking UK Eras Tour tickets scammed of $1.2 million: Taylor Swift fans in the UK have been scammed out of over $1.2 million while trying to ...
businessinsider.com/taylor-swift-uk-eras-tour-tickets-scam-2024-4
Rubber duck bobs all the way to Scotland after epic 18-year journey: It was helpfully marked with information about where it set off from in 2006.
metro.co.uk/2024/04/17/rubber-duck-bobs-way-scotland-epic-18-year-journey-20664451/
Police hunt rogue doctor offering stem-cell ‘cure’ for autism: Parents have been warned that the experimental procedure aimed at children is a ‘significant ...
thetimes.co.uk/article/police-hunt-rogue-doctor-offering-stem-cell-cure-for-autism-cb0dqbdfl
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US to grow at double the rate of G7 peers this year, says IMF: Fund also upgrades inflation forecasts as strong demand and tight labour market delay possible Fed ...
ft.com/content/3b819571-662d-4185-9ca5-c7e682b55700
Quick Glance: IMF upgrades global growth forecast despite risks
- The International Monetary Fund slightly raised its global growth forecast on Tuesday, noting that the economy had proven 'surprisingly resilient' despite inflationary pressures and monetary policy shifts.
- IMF's chief economist, Pierre-Olivier Gourinchas, indicated that the global economy is heading for a 'soft landing,' with risks to the outlook now broadly balanced.
- While advanced economies are expected to lead the growth, dim prospects in China and other major emerging markets could impact global trade partners, according to the report.
- Despite Tuesday's brighter outlook, global growth remains low compared to historical standards, partly due to weak productivity growth and increasing geopolitical fragmentation.
China’s ‘red circle’ law firms rush to tap other markets: Mainland’s biggest firms opening offices in Asia, US and Africa as they seek to challenge international ...
ft.com/content/71a677a9-d45b-490b-a4cf-764ebb2f69af
Quick Glance: China’s ‘Red Circle’ Law Firms Expanding Internationally
- China’s top 'red circle' law firms are aggressively expanding their international presence and working at lower fees than western competitors.
- Several Chinese firms have opened offices in Asia and the US since early 2023, while international rivals retreat from the Chinese market.
- This expansion signals Chinese firms' aspiration to capture international clients and move into China-friendly nations.
- Although Chinese firms still lag behind western rivals, China's growing global presence is opening doors to international markets and fostering potential for future growth.
How London Became a ‘Hot Spot’ for Threats Against Iranian Journalists: Iranian reporters and broadcasters in Britain have suffered physical attacks ...
nytimes.com/2024/04/17/world/europe/uk-london-iranian-journalists-repression.html
Cheers to Posh at 50: Victoria Beckham is the ultimate grafter: She’s been plugging away since Wannabe was a hit when she was 18 and enters her sixth decade as a ...
thetimes.co.uk/article/cheers-to-posh-at-50-victoria-beckham-is-the-ultimate-grafter-5p0vzct3c
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Prospect Cottage: Derek Jarman’s seaside home – in pictures: Photography: inside Derek Jarman’s home
theguardian.com/film/gallery/2024/apr/17/prospect-cottage-derek-jarmans-seaside-home-in-pictures
Medical cannabis for sale under street names such as ‘Alien Dawg’: Families unable to get an NHS prescription are angry that medical cannabis is being sold to ...
thetimes.co.uk/article/cannabis-cgptgxtkk
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Nestlé adds sugar to infant milk sold in poorer countries, report finds : Swiss food firm’s infant formula and cereal sold in global south ignore WHO ...
theguardian.com/global-development/2024/apr/17/nestle-adds-sugar-to-infant-milk-sold-in-poorer-countries-report-finds
Parents admit to accidentally switching their set of identical twins at birth: Mother admitted that her identical twins may have been switched at birth
independent.co.uk/life-style/tiktok-identical-twins-switched-parents-b2530380.html
Czech billionaire Kretinsky's sprawling empire
reuters.com/world/europe/czech-billionaire-kretinskys-sprawling-empire-2023-10-05/
Baby died at nursery after being 'left strapped face-down to bean bag': Kate Roughley, 37, denies the manslaughter of nine-month-old Genevieve Meehan.
metro.co.uk/2024/04/16/baby-died-nursery-left-strapped-face-down-bean-bag-20659091/
BAE Systems investigating explosion at its Welsh munitions site: Britain's BAE Systems said it was investigating the cause of an explosion at its munitions ...
reuters.com/business/aerospace-defense/bae-systems-investigating-explosion-its-welsh-munitions-site-2024-04-17/
European stocks suffer worst day in nine months : Strength of US economy prompts investors to scale back expectations for rate cuts
ft.com/content/c6b6b4f7-fb87-40b4-a062-00eef8a8e6fa
With Social Prescribing, Art and Volunteering Can Be Medicine: Prescriptions for social activities, exercise and the arts — first popularized in Britain — are ...
nytimes.com/2024/04/17/well/mind/social-prescription-health-medication-art.html
Vix ‘fear gauge’ soars on Middle East tension and interest rate shift: Volatility index at highest since October as investors step up protection against downside ...
ft.com/content/dddd996e-0ac0-48cf-b76a-99745e7b4c56
Prince William returns to public duties following Kate’s cancer revelation: Britain’s Prince William will return to public duties on Thursday for the first time ...
english.alarabiya.net/News/world/2024/04/18/prince-william-s-return-to-public-duties-following-kate-s-cancer-revelation
Pal who led Shannon Matthews search gives one-word reaction to kidnapper's death: Julie Bushby helped search for missing Shannon Matthews and eventually ...
mirror.co.uk/news/uk-news/karen-matthews-pal-who-led-32609578
Wild swimmers versus children’s home in war over brownfield site: A battle over the future of a former Thames Water depot in Waltham Forest could see it become a ...
thetimes.co.uk/article/wild-swimmers-versus-childrens-home-in-war-over-brownfield-site-gglkm0mm5
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Eva Okaro becomes first black female swimmer to compete for Great Britain in pool at Olympics
itv.com/news/2024-04-17/okaro-to-become-first-black-female-swimmer-to-compete-in-pool-for-gb-at-olympics
Netanyahu to UK, German FMs: Thanks, but we make our own decisions: Israeli FM Israel Katz and President Isaac Herzog thanked the two German officials for their ...
jpost.com/breaking-news/article-797531
Quick Glance: The Night Iran's Missile Show Rattled Israel
- In Tehran, 'Operation True Promise' launched an unprecedented aerial assault on Israel.
- The direct clash between powerful militaries showcased Israel's defense and Iran's display of power.
- Despite minor damages and injuries, the question remains whether this attack signifies further escalation or the start of a war.
- The missile and drone strikes resulted in minimal damage, with Israel and allies successfully intercepting most projectiles.
MPs overturn changes to Sunak’s Rwanda bill : Legislation to enable removal of asylum seekers to Kigali returns again to the House of Lords
ft.com/content/17146783-2290-4353-a8b1-0e02f62165c9
Taylor Swift fans lose £1m in scams, Lloyds Bank estimates: Lloyds says thousands have fallen victim to ticket scams, with fans losing an average of £332 each.
bbc.com/news/entertainment-arts-68834390
'I gave birth to a stranger's baby at 27 so I could buy a £400k house': Teale Kelley, 27, helped a couple have a child through surrogacy so she could earn £56 ...
mirror.co.uk/news/us-news/i-gave-birth-strangers-baby-32597411
EU fiddles on Middle East as Ukraine burns: EU leaders look set to focus on Iran — where there is little they can achieve — while still failing to flex real ...
politico.eu/article/middle-east-consumes-more-attention-than-ukraine-eu-leaders-meeting-summit/
Live news: US stocks notch first 4-day losing streak since start of January
ft.com/content/d53fc2e5-66f4-476a-a4dc-4a2ddfbdee07
Joe Biden tells home state of Pennsylvania: Don’t vote for a billionaire: Blue-collar voters in Biden’s hometown have an outsize influence on the US presidential ...
thetimes.co.uk/article/joe-biden-home-state-pennsylvania-us-presidential-election-2024-sqh70x3vk
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Bumblebee species able to survive underwater for up to a week: Common eastern bumblebee queens’ ability while hibernating could help it endure flooding ...
theguardian.com/environment/2024/apr/17/bumblebee-species-common-eastern-survive-underwater-hibernating
Motorists being charged car insurance rates of up to 40%, analysis shows: Some home insurers are charging nearly 35% APR on monthly payments, according to ...
itv.com/news/2024-04-16/insurers-charging-rates-similar-to-credit-cards-for-monthly-cover-which
Kate Garraway apologises live on GMB for desperate plea over 'unsettling post': Kate Garraway apologised on Thursday's Good Morning Britain after she ...
mirror.co.uk/tv/tv-news/breaking-kate-garraway-apologises-desperate-32613413
Keep bananas fresh and yellow for up to 26 days with clever storage hack: Bananas are one of those kitchen ingredients that can ripen in an instant and turn ...
mirror.co.uk/lifestyle/food-drink/keep-bananas-fresh-yellow-up-32613335
‘I met Madeleine McCann suspect on site used by paedophiles’: Ex-girlfriend of Christian Brueckner tells a German court she met him on a dating site which she ...
thetimes.co.uk/article/ex-girlfriend-christian-brueckner-madeleine-mccann-suspect-2c38th0gl
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Ford recalls over 456,000 Bronco Sport and Maverick cars due to loss of drive power risk
independent.co.uk/news/ford-ap-new-york-associated-press-michigan-b2530261.html
Man finally able to have 'watermelon-sized' facial tumour removed: A man with a tumour the size of a 'watermelon' hanging from the side of his face is ...
metro.co.uk/2024/04/17/man-finally-able-watermelon-sized-facial-tumour-removed-20669405/
Britain condemns West Bank killings, calls to 'restore calm': Britain condemns the killing of Israeli teenager Binyamin Achimair and is alarmed by the "shocking ...
reuters.com/world/uk/britain-condemns-west-bank-killings-calls-restore-calm-2024-04-16/
We sold our home for £50k under the asking price – agents are pricing too high: Sally Howard has now sold her home, but says she perhaps should have listed it ...
inews.co.uk/inews-lifestyle/money/property-and-mortgages/homes-selling-agents-pricing-too-high-3009942
Molly-Mae and Tommy Fury view Cheshire churches as wedding plans get underway: Love Island stars Molly-Mae Hague and Tommy Fury have been viewing churches in ...
mirror.co.uk/3am/celebrity-news/molly-mae-hague-tommy-fury-32601521
Mum said 'feel like I'm going to die' before lips turned blue and she collapsed: Laura Griffiths died suddenly on December 31, 2019, following surgery at ...
mirror.co.uk/news/uk-news/mum-said-i-feel-like-32604005
Isabel Schnabel says European Central Bank could benefit from Fed-style ‘dot plot’
ft.com/content/b90f22de-9174-49f4-b0c8-27361ee189c9
Rishi Sunak suffers Tory backlash as MPs back legislation to ban smoking : Almost 60 Conservatives oppose bill to stop anyone born after 2009 from ever being ...
ft.com/content/0635530f-3b69-4334-b5b8-4a1ec4d52a93
Quick Glance: UK Lawmakers Support Groundbreaking 'Smoke-Free Generation' Bill
- The British government's plan for a landmark smoking ban to prevent young people from ever smoking passed its first hurdle in Parliament despite opposition from within Prime Minister Rishi Sunak's Conservative Party.
- The bill, announced by Sunak, would make it illegal to sell tobacco products to anyone born after January 1, 2009, creating one of the toughest anti-smoking measures in the world to establish the 'first smoke-free generation' in modern Britain.
- The bill also includes measures to crack down on youth vaping, such as banning the sale of cheap disposable vapes and restricting their flavors to prevent children from becoming addicted to nicotine.
- The number of people who smoke in the U.K. has declined by two-thirds since the 1970s, but approximately 6.4 million people in the country still smoke, accounting for about 13% of the population. Smoking remains the number one preventable cause of death, disability, and poor health.
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