Independent to take control of BuzzFeed and HuffPost in UK and Ireland:
theguardian.com/media/2024/mar/28/independent-to-take-control-of-buzzfeed-and-huffpost-in-uk-and-ireland
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| Last Updated | Mar 28 |
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Tesco accused of undercutting local shops via its wholesale business: Independent shopkeepers say prices they pay at supermarket’s cash-and-carry arm Booker are ...
theguardian.com/business/2024/apr/22/tesco-accused-of-undercutting-local-shops-via-its-wholesale-business
Runswick Bay near Whitby among Britain's best secret beaches: Runswick Bay near Whitby in North Yorkshire has been named as one of the best 'secret beaches' in ...
yorkpress.co.uk/news/24256386.runswick-bay-near-whitby-among-britains-best-secret-beaches/
Premier League lobbying against independent regulator is nakedly self-serving: Nobody expects the independent regulator to be perfect, but that doesn’t mean that ...
inews.co.uk/sport/football/premier-league-lobbying-naked-self-serving-2996179
UK foreign secretary meets Trump in US amid push for Ukraine aid: U.K. Foreign Secretary David Cameron met Donald Trump at the latter's Florida residence ...
kyivindependent.com/uk-foreign-secretary-cameron-meets-trump-in-florida-amid-push-for-ukraine-aid/
Quick Glance: Cameron Warns US Politicians Against Russia Appeasement
- UK Foreign Secretary intensifies efforts to secure aid for Ukraine but faces rejection from a senior Republican.
- Cameron warns against 'appeasement' and emphasizes the need for military aid to Kyiv.
- Despite meetings with top US officials, Cameron failed to gain support from US Republicans.
- He faced limited reception on Capitol Hill and struggled to make an impact.
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.
Two horses seen galloping on the loose through central London: ITV News crews filmed two horses - who appeared to be on the loose - on Wednesday.
itv.com/news/london/2024-04-24/two-horses-seen-galloping-on-the-loose-through-central-london
Quick Glance: London Chaos: Military Horses Run Wild
- Five military horses bolted during an exercise near Buckingham Palace, causing chaos in central London streets.
- The horses were spooked by noise from a construction site, threw off their riders, and collided with vehicles.
- Three injured soldiers were hospitalized, but none of the injuries were life-threatening.
- The horses were captured shortly after and taken back to the barracks for medical tests.
Kensington Palace releases photo to celebrate Prince Louis' sixth birthday: The photo was taken by his mother, Kate, in the days running up to the prince's ...
itv.com/news/2024-04-22/prince-louis-celebrates-sixth-birthday
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
Alphabet set to surge past $2tn valuation as search giant announces first dividend
ft.com/content/23b4b384-5971-4f91-a9c9-8a779d10b6bc
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UK businesses to suffer if TikTok banned in the US: UK businesses using TikTok say they could see a significant drop in sales if the app is banned in the US.
bbc.com/news/articles/c3gl5qly48qo
Quick Glance: ByteDance Would Consider Closing TikTok in US Over Sale, Sources Claim
- ByteDance would prefer to cease TikTok operations rather than engage in a sale if all legal avenues are exhausted to combat potential legislation banning the platform in US app stores, as per four sources.
- Despite TikTok's massive popularity with over a billion users, it remains unprofitable, contributing a small fraction to ByteDance's overall revenues and daily active user base.
- ByteDance stated on Thursday in a release on Toutiao, a media platform it possesses, that there are no intentions to sell TikTok, in response to claims from The Information about ByteDance exploring sale scenarios for TikTok's US operations excluding the recommending algorithm for user videos.
- As of December, ByteDance's valuation stood at $268 billion when it proposed a buyback of approximately $5 billion in shares from investors.
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.
Prince Harry confirms he is now a US resident: Prince Harry, the son of King Charles III and fifth in line to the British throne, has formally confirmed he is ...
apnews.com/article/prince-harry-us-resident-meghan-5bad226e20fede037b5ce836cb1e6a60
Quick Glance: Prince Harry Officially Residing in U.S.
- Prince Harry and his wife Meghan have considered California home, and now his official residency in the U.S. has been documented in a corporate filing.
- The document was filed at Britain’s corporate registrar, Companies House, to update the official residency of the British royal for business records of Travalyst Limited.
- There had been little official confirmation of Harry’s residency status until this week, with an entry indicating a change of residency to June 29, 2023, the day the couple left Frogmore Cottage, their British home.
- It is unclear what type of U.S. visa or residency permit Harry holds, despite efforts by conservative activists in the U.S. to ascertain them, including an ongoing lawsuit.
UK Watchdog Doubles Down on Name and Shame Plan After Criticism: The UK’s financial watchdog pushed back against criticism of its plan to name firms it’s ...
bloomberg.com/news/articles/2024-04-26/uk-watchdog-doubles-down-on-name-and-shame-plan-after-criticism
Joe Biden agrees to debate Donald Trump after weeks of uncertainty: There were doubts the 2024 US election rivals would agree to the traditional televised ...
ft.com/content/d63c29a5-819d-4631-b1c9-1ff01e1e6b7a
Household Cavalry horses 'fed dirty water and given hour of exercise': A whistleblower claimed Household Cavalry horses were "so nervous ...
mirror.co.uk/news/uk-news/household-cavalry-horses-shouted-at-32678534
Taylor Swift beats Beatles in race to 12th UK number one album: Taylor Swift topped the British music charts on Friday with "The Tortured Poets Department" ...
reuters.com/lifestyle/taylor-swift-beats-beatles-race-12th-uk-number-one-album-2024-04-26/
US passes Ukraine and Israel aid package after months of infighting: President Biden will sign into law a package of military aid worth $95 billion for America’s ...
thetimes.co.uk/article/senate-passes-95-billion-military-aid-package-after-months-of-infighting-5j9zvn770
Paid articlePaidQuick Glance: Biden signs Comprehensive Military Aid Package for Ukraine, Israel, and Taiwan
- President Biden announces the signing of a substantial $95 billion military assistance package for Ukraine, Israel, and Taiwan, with a significant portion of the funds directed towards Ukraine.
- Despite initial resistance from Republicans in Congress, Biden has signed the aid package, highlighting the reinforcement of allies and ensuring prompt deliveries to Ukraine.
- The assistance for Ukraine includes weapons and military equipment valued at around $1 billion, encompassing artillery shells and air defense missiles.
- Military analysts do not foresee significant changes on the frontlines in eastern Ukraine, while the US support aims to aid Ukraine in operations in southern Ukraine, particularly focusing on Crimea and the Black Sea.
Who was St George? The irony behind England's patron saint: Today (23 April) marks St George’s Day – a day to celebrate the Christian martyr who became the ...
indy100.com/news/who-was-st-george
Michael O’Leary says he’d ‘happily’ offer UK deportation flights to Rwanda: The Ryanair boss said he would ‘quote for the business’ from the UK government if it ...
businesspost.ie/article/michael-oleary-says-hed-happily-offer-uk-deportation-flights-to-rwanda/
Paid articlePaid Pet Shop Boys singer Neil Tennant says Taylor Swift doesn’t have any ‘famous songs’
independent.co.uk/arts-entertainment/music/news/pet-shop-boys-taylor-swift-disappointing-b2534588.html
UK Boosts Borrowing to Cover Deficit, Curbing Tax Cut Hopes: The UK boosted its borrowing plans after the government’s budget shortfall overshot forecasts ...
bloomberg.com/news/articles/2024-04-23/uk-budget-deficit-overshoots-in-setback-for-hunt-s-tax-cut-plans
Paid articlePaid Captain Tom Moore’s daughter puts his home up for sale for £2.25m: The listing comes less than three months after the demolition of an unauthorised spa pool ...
inews.co.uk/news/captain-tom-moore-family-home-sale-millions-3023742
Fiona Beal admits murdering and burying partner in Northampton: Fiona Beal sent messages to Nicholas Billingham's friends using his mobile phone, a trial hears.
bbc.com/news/uk-england-northamptonshire-68846713
Advisers tailor their services as women grow richer : With female clients controlling a bigger share of global wealth, managers are doing more to address their ...
ft.com/content/e61d339c-4f30-402a-a403-32052ef99b94
Post-Brexit Food Checks Will Be ‘Light-Touch,’ UK Minister Says: The UK will enforce “light-touch” post-Brexit checks on food and plant products beginning later ...
bloomberg.com/news/articles/2024-04-23/post-brexit-food-checks-will-be-light-touch-uk-minister-says
Britain to raise defence spending to 2.5% of GDP by 2030: Rishi Sunak is expected to say he will increase the UK military budget every year ...
thetimes.co.uk/article/rishi-sunak-defence-spending-uk-2030-xxgfwtvf7
Paid articlePaidQuick Glance: Increase in UK defence spending by 2030
- Prime Minister Rishi Sunak commits to raising spending to 2.5% of GDP, putting the defence industry on a 'war footing'.
- Sunak emphasized the need for deeper stockpiles of munitions and quicker replenishment due to the events in the Ukraine conflict.
- The planned increase in defence spending would require significant financial reshuffling, partly through announced measures to reduce the size of the civil service.
- Shortly after announcing the pledge to send weapons worth 500 million pounds to Ukraine, this commitment followed.
Micron secures $13bn in US support to expand chipmaking capacity: Idaho-based memory chipmaker is latest beneficiary of funding from 2022 Chips Act
ft.com/content/084c5cce-3734-4c28-8cab-ee1ecaa7e402
Controversial deportation regulation: Sunak's Rwanda policy apparently drives migrants to Ireland
spiegel.de/ausland/grossbritannien-rishi-sunaks-umstrittene-abschiebepolitik-treibt-migranten-vermehrt-nach-irland-a-41f01230-700f-4be7-9cc0-7a903e03b67e
Sacha Baron Cohen claims victory after Rebel Wilson redactions: Several paragraphs of the actress’s memoir are blacked out for UK readers
thetimes.co.uk/article/sacha-baron-cohen-claims-victory-after-rebel-wilson-redactions-8gzz2q757
Paid articlePaidQuick Glance: Rebel Wilson's Memoir Published in UK with Redacted Passages
- The UK edition of Australian actor Rebel Wilson's memoir will be published with redacted passages concerning her experience on set with Sacha Baron Cohen.
- HarperCollins mentioned that they have blacked out part of a page in the UK edition along with other small sections for legal reasons.
- Rebel Wilson's memoir, Rebel Rising, is set to be released in the UK this week following its earlier release in the US.
- Baron Cohen's representatives rejected the allegations of bad behavior on set and applauded the removal of Wilson's defamatory claims from the UK edition of the book.
Britain unveils its next-gen main battle tank: Rheinmetall BAE Systems Land (RBSL) has rolled out Europe’s most advanced tank, the latest Challenger 3 prototype ...
defence-blog.com/britain-unveils-its-next-gen-main-battle-tank/
'I'm 73 and my toy boy is 34 years younger - sex is great and he does my chores': A 73-year-old woman has revealed how she fell head over heels for a man 1 ...
mirror.co.uk/lifestyle/sex-relationships/relationships/im-73-toy-boy-34-32676107
How a cheery female resistance squad saved RAF pilots from the Nazis: Unseen footage reveals the bravery of Andrée de Jongh and her network of young women who ...
thetimes.co.uk/article/how-belgian-women-saved-raf-pilots-from-the-nazis-9cnbt9m38
Paid articlePaid Three arrested over Channel migrant deaths: The men were arrested on suspicion of facilitating illegal immigration and of entering the UK illegally, police said.
bbc.com/news/uk-68890850
Violence breaks out at St George's Day event in central London: The Metropolitan Police released footage showing a group of men - some draped in St George's ...
news.sky.com/story/violence-breaks-out-at-st-georges-day-event-in-central-london-13121301
How Wind Power Is Taking Over the UK Power Grid: The UK’s power grid is off to its greenest start ever this year.
bloomberg.com/news/articles/2024-04-25/how-wind-power-is-taking-over-the-uk-power-grid
Bully dog found beheaded and burnt near child's playground in London: A Bully dog was discovered beheaded, cut into pieces and burnt at a park in Tottenham ...
metro.co.uk/2024/04/25/bully-dog-found-beheaded-burnt-near-childs-playground-london-20718940/
UK Regulator Plans to Broaden Scope of ESG Investing Regulations: The UK’s Financial Conduct Authority is planning to expand the scope of its ESG investment ...
bloomberg.com/news/articles/2024-04-23/uk-regulator-plans-to-broaden-scope-of-esg-investing-regulations
Almost Half of UK Tax Collectors Miss Target to Work in Office: Almost half of Britain’s tax collectors are failing to meet the government department’s ...
bloomberg.com/news/articles/2024-04-24/almost-half-of-uk-tax-collectors-miss-target-to-work-in-office
Paid articlePaid Commodity prices could keep inflation high, warns World Bank: Sharp falls in commodities are unlikely to continue, says lender, making it harder for central ...
ft.com/content/769c8c79-312a-49d9-9451-a91e1b4a6faf
Hairy Bikers' Si in emotional update on final project with Dave as fans in tears: Si King has been left overwhelmed by the support he has received from fans ...
mirror.co.uk/tv/tv-news/bbc-hairy-bikers-si-king-32674828
StanChart Tells Clients Craving Oil, Copper to Beware Inflation: Some Standard Chartered Plc clients are increasingly favoring tangible assets like copper and ...
bloomberg.com/news/articles/2024-04-24/stanchart-tells-clients-craving-oil-copper-to-beware-inflation
Rishi Sunak Enters Rwanda Migration Plan Endgame With UK Tories Fearing Failure: As Rishi Sunak’s flagship migration policy enters its endgame next week ...
bloomberg.com/news/articles/2024-04-20/rishi-sunak-enters-rwanda-migration-plan-endgame-with-uk-tories-fearing-failure
Paid articlePaid Boris Johnson breached rules by not disclosing links with hedge fund: Whitehall watchdog accuses former UK prime minister of being ‘evasive’ around tie to Merlyn ...
ft.com/content/ece2996d-10dd-44c0-a62f-94f774f10977
Paid articlePaid Academics at UK universities face vetting to counter Chinese spies: MI5 review finds that national security is at risk because hostile states are attempting to ...
thetimes.co.uk/article/academics-at-uk-universities-face-vetting-to-counter-chinese-spies-3rqlznqg7
Paid articlePaid Got any questions for our Head of Investigations @pmorganbentley ?
He'll be responding to people at 5pm on @Reddit Show more
Quick Glance: Innovative Advertising Strategies on Reddit
- Reddit recently introduced an innovative ad format aimed at selling products to Reddit users.
- Through Reddit's Dynamic Product Ads, users are automatically shown ads based on their previous interactions with products on the advertiser's website or on Reddit.
- In a blog post, Reddit emphasized its clear focus on ad sales and the natural commercial aspect of the Reddit community.
- The introduction of Dynamic Product Ads is a step in Reddit's strategy to expand its advertising business and drive growth.
I’m a leftie, he likes Priti Patel: how I fell for my Tory boy: Can you make a relationship work when you’re on opposite sides of the political divide? Yes ...
thetimes.co.uk/article/im-a-leftie-he-likes-priti-patel-how-i-fell-for-my-tory-boy-5gj7gq32j
Paid articlePaid UK grocery inflation falls to 30-month low: Grocery price growth eases to 3.2% in four weeks to mid-April as retailers focus on special offers
ft.com/content/da639524-3d28-42de-b494-57be5af69628
Paid articlePaid No one will miss Avanti – Labour’s train plans make perfect sense: We care deeply about being able to travel by train, on time, in comfort and for a reasonable ...
inews.co.uk/opinion/no-one-will-miss-avanti-labours-train-plans-make-perfect-sense-3024070
Spotify hits record quarterly profit as it enters ‘new phase’: Pioneer of music streaming kicks off more mature era for its business after years of freer ...
ft.com/content/b6353fb2-a149-46ae-bb12-901e65d2c445
UK police charge two men with spying for China
reut.rs/4aHN4XD
Quick Glance: Charges Filed Against UK Ex-Parliamentary Researcher for 'China Espionage'
- London's Metropolitan Police has accused two men, researcher Christopher Cash and Christopher Berry, of violating the Official Secrets Act.
- The charges coincided with the announcement of the arrest of three German nationals suspected of spying for China and accessing secret maritime technology by German investigators.
- The British duo is alleged to have transmitted 'articles, notes, documents or information' to a foreign state between 2021 and the previous year.
- In September, the Met Police disclosed the arrest of a man in his twenties on espionage suspicions. The Sunday Times revealed his parliamentary researcher identity.
US Says Australia, UK Don’t Yet Meet Pacific Accord Requirements: Australia and the UK don’t yet meet arms export standards required for the Aukus partnership ...
bloomberg.com/news/articles/2024-04-25/us-says-australia-uk-don-t-yet-meet-pacific-accord-requirements
Paid articlePaid Kate Garraway goes 'missing' from Good Morning Britain as she's replaced: Good Morning Britain viewers were left puzzled today as Kate Garraway failed to appear ...
mirror.co.uk/tv/tv-news/kate-garraway-goes-missing-itv-32666715
Nestlé hit by slowing frozen pizza sales in North America: US consumers’ changing habits in response to high prices takes toll on demand
ft.com/content/410bc0da-f2b0-4836-b114-e59921f8b41d
US, UK, Japan Propose Additional World Bank Funds to Boost Lending: Eleven rich countries including Japan, the UK and US proposed providing the World Bank with ...
bloomberg.com/news/articles/2024-04-19/rich-nations-propose-11-billion-for-world-bank-to-boost-lending
Paid articlePaid UK Insolvencies Fall Back After Hitting Three-Decade High: The number of English and Welsh companies going bust stabilized in the first quarter after hitting a ...
bloomberg.com/news/articles/2024-04-26/uk-insolvencies-fall-back-after-hitting-three-decade-high
Paid articlePaid
Lawsuit accuses Grindr of illegally sharing users' HIV status: LGBTQ+ dating app's maker previously denied selling sensitive user data
theregister.com/2024/04/22/class_action_suit_data_protection_uk_grindr/
Quick Glance: Lawsuit Alleges Grindr's Unauthorized HIV Status Disclosure
- A group of 670 individuals have joined a class action lawsuit against LGBTQ+ dating app Grindr in the UK seeking damages for the alleged unauthorized disclosure of HIV status and other sensitive data to third parties.
- The lawsuit claims that Grindr violated UK data protection laws by sharing user data without consent, particularly data disclosed before April 3, 2018, and between May 25, 2018, and April 7, 2020.
- Researchers from SINTEF in 2018 published information indicating that Grindr was sharing user data, including HIV status, with analytics companies, sparking intense criticism and prompting changes to the company's privacy policy.
- Grindr was fined 65 million Norwegian kroner for violating GDPR consent rules, leading to further legal issues in the US.
Councillor feared being killed in row over birds’ nests: Owner of Leeds East airport attacked parish council chairman in quiet village
thetimes.co.uk/article/councillor-feared-being-killed-in-row-over-birds-nests-3r3jbgvqg
Paid articlePaid Frank Field, Labour MP and peer, dies aged 81: Former minister revealed last year that prostate cancer had spread to his jaw
thetimes.co.uk/article/frank-field-dies-dead-labour-mp-3q5dsl0nt
Paid articlePaidQuick Glance: Farewell to Frank Field: A Life Dedicated to Social Justice
- The former Labour minister and advocate for poverty alleviation, Frank Field, has passed away at the age of 81.
- Throughout his career in Westminster, Lord Field championed social causes such as child poverty and modern slavery for over four decades.
- Field succumbed to a long battle with cancer in a care home in London. He advocated for a 2021 bill on assisted dying in England and Wales.
- His family emphasized that Field will be mourned by admirers in the political realm, but most of all missed by those fortunate enough to have experienced his laughter and friendship.
Trevor Francis leaves £1.9million in will but his sons won't receive a penny: Former England international striker and Crystal Palace manager Trevor Francis ...
mirror.co.uk/sport/football/news/trevor-francis-will-estranged-sons-32630694
‘We found them dripping with blood’: police officers who saved horses on the loose
thetimes.co.uk/article/horses-loose-london-cavalry-police-officers-p862qvlt0
Paid articlePaid
Google can’t quit third-party cookies—delays shut down for a third time: Google says UK regulator testing means the advertising tech will last until 2025.
arstechnica.com/gadgets/2024/04/google-delays-third-party-cookie-death-again-now-scheduled-for-2025/
Financial Times: News, analysis and opinion from the Financial Times on the latest in markets, economics and politics
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UK spending watchdog should probe Teesside freeport project, say MPs: Michael Gove urged to instruct the NAO to investigate concerns raised by review of flagship ...
ft.com/content/dacafaf2-cd5d-406f-8793-fd59a990845a
Handbags and China demand boost sales at Hermès : Maker of Birkin bags beats expectations with strong demand for leather goods and jewellery as it defies luxury ...
ft.com/content/75033288-8e69-42e1-b4cf-5457a9c129a9
England and Scotland: Two million Brits report Long Covid symptoms: Since the start of the corona pandemic, the number of long-term sick people in Great Britain ...
spiegel.de/ausland/long-covid-in-grossbritannien-zwei-millionen-menschen-berichten-von-symptomen-a-f3d06eb6-553d-4f32-be34-d39194c4128e
UK insurers told to keep motor charges 'reasonable' after backlash: The Association of British Insurers (ABI) told its members on Thursday to keep monthly ...
reuters.com/world/uk/uk-insurers-told-keep-motor-charges-reasonable-after-backlash-2024-04-24/
Prince Harry 'furious and in tears' over Frogmore Cottage eviction: King Charles requested that he give up the keys to the cottage on Windsor Great Park ...
metro.co.uk/2024/04/21/prince-harry-furious-tears-frogmore-cottage-eviction-20687185/
Make Shopping Fun Again: Julian Harris: Grocery shopping — you either love it or hate it.
bloomberg.com/news/newsletters/2024-04-25/make-shopping-fun-again-julian-harris
Man and woman charged over £1000 dine and dash theft: Ann McDonagh, 39, and Bernard McDonagh, from Port Talbot in Wales, have been charged with five counts of ...
metro.co.uk/2024/04/24/two-people-charged-dine-dash-spree-wales-20709589/
Ellen DeGeneres breaks silence on talk show's 'devastating' end 2 years ago: Reports
usatoday.com/story/entertainment/celebrities/2024/04/26/ellen-degeneres-opens-up-ellen-show-ending/73471204007/
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
Paid articlePaidQuick 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.
AFC Joins $20 Billion Morocco-to-UK Subsea Power Export Project: Africa Finance Corp. will join a group of companies developing a project to produce solar and ...
bloomberg.com/news/articles/2024-04-22/afc-joins-20-billion-morocco-to-uk-subsea-power-export-project
Because of “malicious activities”: London summons Russian ambassador: A 20-year-old is said to have orchestrated arson attacks in Great Britain on behalf of the ...
spiegel.de/ausland/london-bestellt-russischen-botschafter-wegen-boesartiger-aktivitaeten-ein-a-2fdcb2aa-bda2-4bd3-ac7b-acf2d6b86fdf
What are the new post-Brexit border controls starting on April 30?: On April 30, the second phase of Britain's new post-Brexit border controls for food imports ...
reuters.com/world/europe/what-are-new-post-brexit-border-controls-starting-april-30-2024-04-22/
Freezing nights to come before Arctic air moves away from UK over weekend: The Met Office said temperatures in parts of northern England and Scotland could ...
itv.com/news/2024-04-24/freezing-nights-to-come-before-arctic-air-moves-away-from-uk-over-weekend
UK charges man with hostile activity to benefit Russia: Four others have also been charged in connection with the case
ft.com/content/7f5afb14-802c-4263-a76e-4782ab88bda2
Paid articlePaid ‘I’ll be happy on the UK state pension in Italy, a glass of wine is just £2.50’: Linda Winter sold her £250,000 property in Plymouth and bought a 15th-century ...
inews.co.uk/news/world/happy-uk-state-pension-italy-3015869
The UK Stock Market is Shrinking. Here's How to Save It.: Endless outflows need to be stopped — Charles Hall of broker Peel Hunt explains how and why.
bloomberg.com/news/newsletters/2024-04-19/the-uk-stock-market-is-shrinking-here-s-how-to-save-it
UK car output falls in March as EV-transition gears up, says industry body: Britain's car production fell 27.1% year-on-year in March as manufacturers wound down ...
reuters.com/business/autos-transportation/uk-car-output-falls-march-ev-transition-gears-up-says-industry-body-2024-04-24/
Fintech firm Revolut plans to hire 1,500 staff by end of year: British fintech company Revolut has added nearly 2,000 employees since the start of 2024 and plans ...
reuters.com/business/finance/fintech-firm-revolut-plans-hire-1500-staff-by-end-year-2024-04-24/
Household Cavalry horses 'ready to explode as they get just one hour of exercise a day'
express.co.uk/news/uk/1892736/household-cavalry-horses-ready-explode-exercise
LIVE: Britain's Rishi Sunak visits military base in Poland: Reuters Live on X (Twitter)
twitter.com/i/broadcasts/1MYxNoqYLebKw
Europe's bank earnings to offer interest rate reality check: Investors should get a clearer picture this week of whether higher interest rates are still boosting ...
reuters.com/business/finance/europes-bank-earnings-offer-interest-rate-reality-check-2024-04-22/
Quick Glance: Overview: Tesla Stocks Plummet, Europe Business Surpasses Expectations
- World markets have brightened slightly this week, but Tesla is facing a critical earnings test, while Europe's business pulse has surprisingly been lively this month.
- Following the worst week on Wall Street since 2022, relief from easing Middle East tensions helped stabilize the situation on Monday. The chip giant Nvidia made a modest recovery from losses as Big Tech megacaps gear up for quarterly earnings releases.
- As the first of the 'Magnificent 7' Vanguard stocks, electric vehicle giant Tesla will report on Tuesday, having plummeted by a substantial 43% year-to-date and nearly 60% over the past two years amidst fierce price competition, declining EV demand, and governance/product concerns.
- While Big Tech jitters define this month's market fluctuations, investors will closely watch the upcoming results for a clearer perspective.
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