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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
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.
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
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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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
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
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
Mystery as Meghan Markle’s UK American Riviera Orchard website domain leads to Trussell Trust foodbank
independent.co.uk/life-style/royal-family/meghan-markle-american-riviera-orchard-trussell-trust-b2530069.html
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.
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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Brexit has ‘exacerbated’ UK drug shortages, research finds: Report from Nuffield Trust health think-tank highlights impact of leaving EU on medicine supply ...
ft.com/content/e1c60543-f5fa-44ac-b180-4b4c60d86342
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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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/
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
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
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
Quick Glance: Nestlé's Addition of Sugar to Infant Milk in Poorer Countries Exposed by Report
- Nestlé adds sugar and honey to infant milk and cereal products in poorer countries, disregarding international guidelines.
- Public Eye's investigation found added sugar in Nestlé's baby products in Asia, Africa, and Latin America.
- WHO guidelines state no added sugars should be allowed in food for children under three in the European region.
- Nestlé has reduced added sugars in their infant cereals globally by 11% over the past decade and continues to reformulate products.
Cruel mum Karen Matthews now - 'jail attacks, transformed look, and sugar daddy': As snatcher Mick Donovan has reportedly died, the Mirror takes a look at what ...
mirror.co.uk/news/uk-news/shannon-matthews-cruel-mum-karen-32607683
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.
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
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/
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
'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
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
Live news: US stocks notch first 4-day losing streak since start of January
ft.com/content/d53fc2e5-66f4-476a-a4dc-4a2ddfbdee07
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/
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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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
Mother accidentally invites all of her phone contacts to daughter’s birthday party
independent.co.uk/life-style/mother-phone-contacts-birthday-party-tiktok-b2530475.html
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
Isabel Schnabel says European Central Bank could benefit from Fed-style ‘dot plot’
ft.com/content/b90f22de-9174-49f4-b0c8-27361ee189c9
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/
‘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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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
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.
Taylor Swift: British fans scammed more than a million euros: Hundreds of UK fans of Taylor Swift, Coldplay and Beyoncé have been scammed by fake adverts and ...
euronews.com/culture/2024/04/17/taylor-swift-british-fans-scammed-over-a-million-euros
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
Leicester fan ran on pitch during FA Cup match after drinking 13 pints: A Leicester City fan ran onto the Stamford Bridge pitch during the FA Cup tie with ...
metro.co.uk/2024/04/17/leicester-fan-ran-pitch-fa-cup-match-drinking-13-pints-20668828/
Elephant seal makes ‘epic’ trek back after Canadian officials relocate him: Notorious for drawing large crowds, Emerson was removed by officials who were ...
theguardian.com/environment/2024/apr/17/canada-elephant-seal-relocation-attempt-failed
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/
LIVE: Britain's Tobacco and Vapes Bill second reading in UK parliament: Reuters Live on X (Twitter)
twitter.com/i/broadcasts/1nAKEaRnrdRKL
'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
'My jealous friends ditched me because I’m a model - I got the ultimate revenge': Jasmine Teaa, 26, from California, thought her friends would be supportive of ...
mirror.co.uk/news/us-news/racy-model-revenge-jealous-friends-32609569
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.
Liontrust hit with £4bn in outflows from UK funds : Investors pull total of £6bn from asset manager over past year amid pressure on London’s capital markets
ft.com/content/4083c998-4dcc-402f-8a58-573027c69565
Financial Times: News, analysis and opinion from the Financial Times on the latest in markets, economics and politics
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A moment that changed me: I was paralysed on a climb. Then I made the 100-mile journey back to myself
theguardian.com/lifeandstyle/2024/apr/17/a-moment-that-changed-me-paralysed-100-mile-journey-back-to-myself-iceland-highest-peak
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
'Beloved' dad's body left undiscovered for two days as family pay tribute: Police were called to Perry Hall Park in Birmingham at around 11am on Tuesday after a ...
mirror.co.uk/news/uk-news/dads-body-undiscovered-days-family-32601328
Netanyahu says Israel will ‘make our own decisions’ on Iran after UK, German pleas
politico.eu/article/uk-expect-israel-retaliate-after-iran-attack-david-cameron-netanyahu/
Mum feared newborn was stolen after hospital gave her wrong baby: Maisie Beth, 22, was stunned when she went to change her daughter's nappy only to find ...
metro.co.uk/2024/04/17/mum-feared-newborn-stolen-hospital-gave-wrong-baby-20663534/
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.
UK court rules prayer ban at London school not unlawful: A UK court on Tuesday declared a ban on Muslim prayer at a school in London to be lawful ...
middleeasteye.net/news/uk-court-rules-prayer-ban-london-independent-school-not-unlawful
Just Eat Takeaway's Q1 transaction value matches estimates: Just Eat Takeaway reported first-quarter gross transaction value (GTV) in line with expectations on ...
reuters.com/business/retail-consumer/just-eat-takeaway-posts-q1-gross-transaction-value-above-expectations-2024-04-17/
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
Real Showtime story of drunk mates who bought bargain racehorse that saved them: A group of eight mates found solace during 'dark days' after clubbing ...
mirror.co.uk/tv/tv-news/itv-showtime-real-story-8-32599840
Netanyahu rebuffs Cameron’s call for restraint over Iran: Israeli PM thanks allies for ‘suggestions and advice’ but insists he will decide on a military response ...
thetimes.co.uk/article/david-cameron-sanctions-iran-uk-israel-attack-8b3mskgdq
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Peter Mandelson’s advisory firm valued at £30mn in deal with ex-Obama aide: The Messina Group is taking a 20% stake in Global Counsel
ft.com/content/a333fcc9-1f4d-44e0-9274-a47e915267ab
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.
China reforms unloved state-owned enterprises to win back investors: Stocks are faring well compared with wider market as authorities judge management on share ...
ft.com/content/65ed3767-7b6d-4f80-b91a-c1b478117482
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