The US central bank has raised interest rates by 0.75 percentage points for the second time in a row in an attempt to curb soaring inflation. The US Federal Reserve said it expects that “ongoing increases” will be needed despite evidence of a slowing economy and concerns that aggressive hikes could lead to a recession.
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The US central bank has increased interest rates by 0.75% to combat inflation – the sharpest hike in 28 years. The Federal Reserve signalled more rate rises to come and projected a slowing economy in the months ahead, along with rising unemployment. The bank raised its benchmark rate to a range of 1.5% to 1.75%,
Lord Geidt has resigned as the prime minister’s adviser on ministerial interests. He tendered his resignation to Boris Johnson, according to a brief statement on the government’s website on Wednesday evening. “With regret, I feel that it is right that I am resigning from my post as Independent Adviser on Ministers’ Interests,” the statement reads.
Sky News was given exclusive access to the Sellafield nuclear site in Cumbria, including to the Magnox Swarf Storage Silo, which has been described as the most hazardous building in Western Europe. The site is focussed on cleaning up 70 years of our nuclear waste legacy. Read more here: https://news.sky.com/story/sellafield-an-inside-look-at-the-most-hazardous-building-in-western-europe-as-work-to-remove-radioactive-sludge-begins-12630798 #Nuclear #SkyNews SUBSCRIBE to our
Ivanka Trump told the January 6 Select Committee that she accepted former Attorney General Bill Barr’s assessment that there was no evidence to back then-President Donald Trump’s claims of election fraud. #CNN #january6 #ivankatrump
Tesla (TSLA) has lost over $500 million in value from its Bitcoin investment amid what people are now calling a “crypto winter.” Early in 2021, Tesla invested $1.5 billion in Bitcoin. Shortly after, the automaker started accepting the cryptocurrency as payment on new vehicles. However, a few days later, Tesla took a step back with crypto by removing
In this article BP.-GB A BP logo photographed in London on May 12, 2021. The International Energy Agency recently reported that 2021 saw energy-related carbon dioxide emissions rise to their highest level in history. Glyn Kirk | Afp | Getty Images Oil and gas supermajor BP has agreed to take a 40.5% equity stake in
More than two million households face increased mortgage payments following the latest Bank of England interest rate rise, which experts say could create more “mortgage prisoners”. The Bank rate rose from 1% to 1.25% in a bid to tackle rising inflation. Borrowers who have variable mortgage rates – those that move in line with the
Best-selling US author James Patterson has apologised for saying white male writers having trouble finding work is a form of racism. The 75-year-old used social media to post an apology after his comments appeared in The Sunday Times. Patterson is known for his thrillers, romance and non-fiction novels. He has two books currently on the
Astronomers and researchers have been in constant search for finding life on other celestial bodies. A team of scientists earlier pointed at the possibility of the existence of life in the clouds of Venus. In 2020, scientists revealed that they had found phosphine gas in the cloud of Venus, sparking speculation about the possibility of
Plants too can make “secret decisions.” Surprised to hear that? Well, researchers have found in a new study that plants have an unforeseen set of processes that they use to regulate the amount of carbon dioxide released into the atmosphere during photosynthesis. The discovery was made while studying a classic plant model organism called thale
Bill Gates Gerard Miller | CNBC Bill Gates is not a fan of cryptocurrencies or non-fungible tokens. Speaking at a TechCrunch talk on climate change Tuesday, the billionaire Microsoft co-founder described the phenomenon as something that’s “100% based on greater fool theory,” referring to the idea that overvalued assets will go up in price when
The government has not ruled out leaving Europe’s human rights framework after last-ditch legal rulings blocked the first scheduled deportation flight on Tuesday evening. Downing Street said on Wednesday that all options were on the table and did not rule out withdrawing from the European Convention on Human Rights (ECHR). It comes after last-minute interventions
Priti Patel has said the government’s Rwanda migrant policy has not been ruled unlawful after a last-minute intervention by a European court blocked the first deportation flight. The home secretary told MPs that the injunctions was not an “absolute bar” on the removal of the asylum seekers due to have been on the flight –
Amber Heard has said she realises she is not a “likeable” or “perfect victim” – and that she still has love for ex-husband Johnny Depp and has “no bad feelings or ill will towards him”. The actress made the comments in the second half of an interview with NBC in the US, her first since
Actor Chris Evans has criticised people who react negatively to films reflecting traditionally under-represented groups, calling them “idiots” who will “die off like dinosaurs”. The Hollywood star voices the young Buzz Lightyear in the animated Toy Story spin-off Lightyear, which has been banned in the United Arab Emirates because it depicts a kiss between two
Rumours constantly circulate about Vladimir Putin’s health – but is there anything to back up the claims? During a live session of questions and answers on Sky News with defence and security analyst, Professor Michael Clarke, one viewer asked: Is Putin really ill or is it just wishful thinking? Mr Clarke said speculation about Mr
Network Rail has warned that the three-day train strike next week will cause six days of disruption to services. More than 40,000 staff at Network Rail and 13 train operators are expected to walk out next week on Tuesday 21, Thursday 23 and Saturday 25 June in a dispute over pay and redundancies. Network Rail
The boss of Royal Mail has told Sky News it is keeping prices “under review” as costs surge across the business and that unions threatening strikes must understand the “changes that are required so we can compete in the market”. Simon Thompson was speaking as the company faces challenges to its modernisation plans across its
Soldiers in southern Ukraine are struggling with a lack of ammunition despite taking Russian territory. For the latest developments in Ukraine: https://qrcode.skynews.com/skynews/ukraineblog #Ukraine #Russia #war For the latest developments in Ukraine: https://qrcode.skynews.com/skynews/ukraineblog SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: