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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.
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.
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.
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/
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.
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
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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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
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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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/
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
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/
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
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
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
'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
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/
Teen spent six years digging underground home in garden after fight with parents: Andres Canto was just 14 when he had a row with his parents which sparked six ...
mirror.co.uk/news/weird-news/teen-spends-six-years-digging-32603252
Smoking ban vote result: victory for Rishi Sunak as Badenoch leads Tory revolt: The business secretary joins dozens of Conservative MPs opposed to proposals to ...
thetimes.co.uk/article/smoking-ban-uk-rishi-sunak-tory-vote-hdp7xfjms
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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.
Next BoE deputy governor sees rate cuts coming into view, but can't say when
reuters.com/world/uk/next-boe-deputy-governor-sees-two-sided-risks-policy-outlook-2024-04-16/
'Real problem' as Harry prepares for UK trip: Prince Harry is set to return to the UK in a few weeks for the first time in over a year ...
walesonline.co.uk/news/uk-news/real-problem-harry-prepares-uk-29003209
LIVE: Britain's Tobacco and Vapes Bill second reading in UK parliament: Reuters Live on X (Twitter)
twitter.com/i/broadcasts/1nAKEaRnrdRKL
Liz Truss thinks the ‘deep state’ is out to get Donald Trump: Ex-UK prime minister has a warning for the man hoping return to the White House.
politico.eu/article/liz-truss-deep-state-get-donald-trump/
Quick Glance: Liz Truss: From Premiership to Resignation in 49 Days
- Liz Truss became Prime Minister and resigned after just 49 days, despite her husband's prediction that 'it would all end in tears'.
- Truss assumed office on September 6, 2022, succeeding Boris Johnson, but faced early challenges and personal struggles.
- Despite implementing economic measures and facing political turbulence, Truss resigned after a mini-budget led to a pensions crisis.
- She reflects on her failed tenure, attributing blame to structural issues and drawing parallels to the controversial football manager Brian Clough.
For sale, surviving draft of painting Winston Churchill had destroyed: Graham Sutherland’s portrait was so loathed by the British prime minister that his wife ...
thetimes.co.uk/article/more-bulldog-than-cherub-hated-winston-churchill-portrait-study-up-for-auction-9hgp8cdg2
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"Exaggerated": France's assessment of the Iranian attack on Israel: France and Britain agree that the Iranian attack on Israel was "excessive".
de.euronews.com/my-europe/2024/04/15/ubertrieben-irans-angriff-auf-israel-kommt-im-westen-naturgemass-nicht-gut-an
Ailbhe Rea: Anti-Smoking Warnings: Hi there, I’m Ailbhe Rea, a Bloomberg UK Associate Editor and Readout author. Hope you enjoy today’s newsletter.
bloomberg.com/news/newsletters/2024-04-16/ailbhe-rea-anti-smoking-warnings
'Bollard Man' who saved kids during Sydney stabbing offered Australian citizenship
metro.co.uk/2024/04/16/bollard-man-saved-kids-sydney-stabbing-offered-australian-citizenship-20655798/
Quick Glance: French 'Bollard Man' Granted Permanent Residency After Heroic Act
- The French man known as 'bollard man' for bravely confronting Joel Cauchi during a stabbing attack in Bondi Junction will be granted permanent residency by the federal government, as confirmed by his lawyer.
- A widely circulated video on social media captured Damien Guerot holding a shopping center bollard to stop the knife-wielding Cauchi, leading to the decision to grant him permanent residency.
- His lawyer, Belinda Robinson, mentioned that the official documentation for his permanent residency was expected to arrive soon, following an online petition to recognize his heroic actions.
- Prime Minister Anthony Albanese and Opposition Leader Peter Dutton commended Mr. Guerot for his extraordinary bravery and willingness to protect others in danger, highlighting his character as an example of the values they cherish.
The US and Europe need a strategy for the geopolitical contest over AI: Rising middle powers will play a key role in the struggle for global technological ...
ft.com/content/95a4bd15-ed9b-4f06-a6be-a64ad0541c18
UK ‘pothole crisis’ threatens Conservative party ahead of local elections: Motorists and cyclists are increasingly outraged by state of the country’s roads
ft.com/content/3b860260-6b82-4fa7-a1d4-4ef79bb0af1a
UK wage growth slows slightly as Bank of England mulls rate cuts: British core wage growth slowed again, posting its weakest rise since the three months to ...
reuters.com/world/uk/uk-regular-wages-grow-60-3-months-february-2024-04-16/
Quick Glance: Rising Real Earnings Growth Raises Concerns at Bank of England
- An unexpectedly weaker decline in the pace of wage increases has led to real earnings growth reaching its highest level in nearly two and a half years when considering inflation, according to the latest official data.
- Recent official figures indicate that average regular pay without bonuses was at 6% in the three months to February compared to the previous year.
- The broader ONS statistics revealed an increase in the UK's unemployment rate from 3.9% to 4.2%, with caution due to ongoing efforts to enhance the reliability of employment data.
- The forthcoming inflation data expected on Wednesday is likely to demonstrate further progress towards the Bank's objectives and the potential for a decrease from the current 5.25% interest rate.
How RAF jets protected British troops from Iran’s attack on Israel: Rishi Sunak approved the intervention of the Typhoon aircraft amid fears that Tehran’s ...
thetimes.co.uk/article/raf-jets-british-troops-iran-attack-israel-ct8zp536f
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Husband Appreciation Day begs the question: Have you been neglecting your spouse year-round?
usatoday.com/story/life/health-wellness/2024/04/17/healthy-marriage-tips/73323662007/
How to sext: Sexting can be fun and downright hot if done right.
mashable.com/article/how-to-sext-better
Kanye West's partner Bianca Censori seen walking around shoeless at Disneyland, where bare feet are prohibited
ew.com/kanye-west-bianca-censori-barefoot-disneyland-dress-code-prohibits-8634949
World Bank, AfDB partner to connect 300 million Africans to electricity by 2030: The bank said 600 million Africans lack access to electricity ...
premiumtimesng.com/news/top-news/686975-world-bank-afdb-partner-to-connect-300-million-africans-to-electricity-by-2030.html
Yorkshire man jailed for horrific abuse against ex-partner said she wouldn’t leave hotel “alive” during kidnap
yorkshirepost.co.uk/news/crime/yorkshire-man-jailed-for-horrific-abuse-against-ex-partner-said-she-wouldnt-leave-hotel-alive-during-kidnap-4595213
Jamie Carragher has awkward meeting with Kate Abdo's ex-boxer boyfriend: Jamie Carragher has been engaged in a war of words with Malik Scott after the former ...
mirror.co.uk/sport/football/news/malik-scott-kate-abdo-carragher-32611324
I Identify as a Pillow Princess. Is That Really So Bad?: I didn't think this would come as a surprise.
slate.com/human-interest/2024/04/pillow-princess-sex-reciprocation-advice.html
I used to love sex. But my boyfriend’s premature ejaculation is turning me off it – and him
theguardian.com/lifeandstyle/2024/apr/16/i-used-to-love-sex-but-my-boyfriend-premature-ejaculation-is-turning-me-off-it-and-him
Seven Steps Couples Should Take Before Blending Their Finances: Getting on the same page now can ensure you remain successful throughout your relationship.
kiplinger.com/kiplinger-advisor-collective/steps-for-couples-blending-their-finances
Why being too kind might be hurting your relationship: Why so many of us try to be kind in our relationships – and why being too kind can actually do more harm ...
stylist.co.uk/relationships/being-too-kind-in-a-relationship/647487
In rare move, House admonishes private citizen for contempt in ArriveCan testimony
montrealgazette.com/news/national/in-rare-move-house-admonishes-private-citizen-for-contempt-in-arrivecan-testimony
WayForward’s Yars Rising to Feature “Electronic Rock Opera” Soundtrack: Revealed earlier today during the Indie World 2024 partner showcase, WayForward and Atari ...
gamersheroes.com/gaming-news/wayforwards-yars-rising-to-feature-electronic-rock-opera-soundtrack/
Makoto Tanaka of Spago fame opens Seal Beach ramen spot: The seasoned chef turns his attention to Seal Beach where he and his business partner, Joanne Kim ...
ocregister.com/2024/04/17/makoto-tanaka-of-spago-fame-opens-seal-beach-ramen-spot/
The rise of the remote partner : The process of becoming a remote partner isn't much different from the traditional path — but it may take a little extra effort ...
accountingtoday.com/news/the-rise-of-the-remote-accounting-firm-partner
Woman says partner 'snapped' and attacked her then allegedly killed her brother: Pearse Kavanagh, of Hebburn, has admitted assaulting Sarah McQueeney but denies ...
chroniclelive.co.uk/news/north-east-news/south-shields-woman-says-partner-29013195
Damaged Review: Macabre Serial Killer Movie Lowers IQ Points: A Chicago detective (Samuel L. Jackson) and his former partner (Vincent Cassel) hunt a satanic ...
movieweb.com/damaged-review-samuel-l-jackson/
Top CEOs to heap praise on Milei at Patagonia retreat: Elsztain will host president at exclusive Bariloche event; IRSA starting construction on biggest project ...
batimes.com.ar/news/economy/top-argentina-ceos-to-heap-praise-on-milei-at-patagonia-retreat.phtml
Kuwait ‘essential partner’ to NATO | kuwaittimes: Kuwait ‘essential partner’ to NATO - Kuwait - ROME: Kuwait’s Ambassador to Italy, Nasser Al-Qahtani ...
kuwaittimes.com/article/13250/kuwait/other-news/kuwait-essential-partner-to-nato/
Shein's U.S. Marketplace Inks Partnerships with Flexport, ShipStation: Shein's U.S. marketplace will use Flexport and ShipStation to help streamline ...
sourcingjournal.com/topics/logistics/shein-marketplace-flexport-shipstation-fulfillment-logistics-505564/
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Man told family member he would 'probably' kill ex-partner: An Aberdeen man has been ordered to behave himself after he pretended to set fire to the ...
pressandjournal.co.uk/fp/news/aberdeen-aberdeenshire/6435499/man-threats-to-kill-ex-aberdeen/
VW to roll out new architecture with Xpeng to cut China EV costs: Volkswagen said on Wednesday it has developed a new architecture for intelligent and electric ...
timeslive.co.za/motoring/news/2024-04-17-vw-to-roll-out-new-architecture-with-xpeng-to-cut-china-ev-costs/
Olivia Munn talks cancer battle, praises John Mulaney's support: Olivia Munn has opened up about her 'terrifying' battle with breast cancer, praising her partner ...
ew.com/olivia-munn-cancer-battle-praises-john-mulaney-for-support-8634843
Lee Mallett jailed for controlling his partner in Norwich: Lee Mallett, a "Jekyll and Hyde character" whose controlling behaviour ...
edp24.co.uk/news/24259927.lee-mallett-jailed-controlling-partner-norwich/
Chinese couple abandons baby with nanny for $55mn inheritance from ex-partner : In China, a couple left their baby with a nanny, citing a large inheritance of ...
wionews.com/world/chinese-couple-abandons-baby-with-nanny-for-55mn-inheritance-from-ex-partner-711515
Packeta Romania: Logistics and Shipping Costs are the Main Challenges for Romanian Online Stores When Selling Internationally
business-review.eu/business/couriers/packeta-romania-logistics-and-shipping-costs-are-the-main-challenges-for-romanian-online-stores-when-selling-internationally-259490
First Dates star's ex 'suffocated daughter before driving them both into lorry': WARNING DISCUSSES SUICIDE: Ashley Henry, a former partner of First Date's ...
mirror.co.uk/news/uk-news/first-dates-stars-ex-boyfriend-32576441
LIFE IS HARD invests in Pointer Systems, strengthening its strategy in the insurance direction
business-review.eu/business/life-is-hard-invests-in-pointer-systems-strengthening-its-strategy-in-the-insurance-direction-259467
Break-up pain: These tips will help you deal with separation from your partner: Find out exactly what happens to us at the end of a relationship ...
vogue.in/content/break-up-pain-these-tips-will-help-you-deal-with-separation-from-your-partner
Retrial of Northampton primary school teacher Fiona Beal begins at the Old Bailey this week
northamptonchron.co.uk/news/crime/retrial-of-northampton-primary-school-teacher-fiona-beal-begins-at-the-old-bailey-this-week-4594433
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3 things an early retiree says he got right about his FIRE journey: Todd Miller and his partner have a $100,000 annual travel budget, thanks to the passive ...
businessinsider.com/fat-fire-early-retirement-usa-thailand-passive-income-dad-hobbies-2024-4
‘I am 39 and feel like I have not managed to make much of my life’: Tell Me About It: 'Some friends say that I have it all, but I feel my life is boring and ...
irishtimes.com/health/your-wellness/2024/04/17/i-am-39-and-feel-like-i-have-not-managed-to-make-much-of-my-life/
7 important questions every couple should ask each other before getting into an arranged marriage
gqindia.com/content/7-important-questions-every-couple-should-ask-each-other-before-getting-into-an-arranged-marriage
Darlington thug threatened to kill partner in drunken rage: A drunken Darlington thug who threatened to smash a truck into his former partner’s home after he ...
thenorthernecho.co.uk/news/24257389.darlington-thug-threatened-kill-partner-drunken-rage/
‘My partner has built a wall around her emotions and doesn’t want to let anyone in’
businesspost.ie/irish-tatler/my-partner-has-built-a-wall-around-her-emotions-and-doesnt-want-to-let-anyone-in/
Cheryl Burke and Gilles Marini Address 'DWTS' Chemistry: 'Everyone Thinks I Definitely Jumped Your Bones'
etonline.com/cheryl-burke-and-gilles-marini-address-dwts-chemistry-everyone-thinks-i-definitely-jumped-your
Art dealing can be a tricky business. Insiders share the ins and outs of their 'unusual' world
cnbc.com/2024/04/17/what-does-an-art-dealer-do.html
‘Even if I wanted to live in Dublin, I couldn’t afford it,’ says TV presenter James Kavanagh
independent.ie/regionals/dublin/dublin-news/even-if-i-wanted-to-live-in-dublin-i-couldnt-afford-it-says-tv-presenter-james-kavanagh/a1221617274.html
August Radbill traveled the world to bring Far Out ice cream to Boston: The New Zealand-style shop is fruity, frosty, and steps from Fenway Park.
bostonglobe.com/2024/04/16/lifestyle/august-radbill-traveled-world-bring-far-out-ice-cream-boston/
Henry Cavill, 40, confirms he's expecting a baby with his partner: Henry Cavill, 40, has confirmed he is expecting his first child with girlfriend Natalie ...
metro.co.uk/2024/04/16/henry-cavill-40-confirms-expecting-a-baby-partner-20655945/
2024 PGA Championship tickets are on sale now: Want to see the 2024 PGA Championship in person? Tickets for Valhalla Golf Club still remain for as little as $58.
golfweek.usatoday.com/lists/pga-championship-2024-tickets/
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