Halving inflation by the end of year is “hard but not impossible”, the prime minister has said, in a comment on his pledge earlier in the year to do so. The prime minister was speaking to the Times CEO summit shortly after the surprise hiking of interest rates by the Bank of England on Thursday
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Blimey. The Bank of England was always going to increase its Bank rate this month. But every economist had expected only a quarter percentage point increase. There was good reason for this. Although inflation data had been higher than expected this week, the bank had been slowing down the rate at which it was lifting
The head of the search operation for the missing Titan submersible has said that it is still an active search and rescue mission. That is despite US Coast Guard estimates that the air supply in the vessel would run out at 12.08pm UK time on Thursday. Rear Admiral John Mauger told Sky News: “We continue
Wall Street Journal reporter Evan Gershkovich has had a fresh appeal against his pre-trial detention on charges of espionage rejected by a Moscow court. The US reporter denies the spying allegations, which could lead to a prison sentence of up to 20 years if he is convicted. The 32-year-old appeared in court wearing blue jeans
Ava Max says she was hit so hard by a man who rushed the stage in Los Angeles that she suffered a scratch to the inside of her eye. Videos shared on social media show a man running towards the American pop star during the end of her set at The Fonda Theatre and appear
The Bank of England has shocked economists and investors by raising interest rates half a percentage point to 5% – the highest level since 2008. Economists had expected the Monetary Policy Committee to raise interest rates by only a quarter percentage point, but the MPC voted 7-2 for the surprise increase, explaining that it was
Tesla is an interested buyer of a small Germany-based wireless charging startup just as the automaker has indicated that it might launch its own EV wireless charger. Several companies have been working on wireless charging for electric vehicles in recent years, but the technology has never taken off. There are several issues with it. For
Caitlin Murray, ESPNJun 21, 2023, 11:57 AM ET Close Caitlin Murray is a general editor for ESPN.com. She has reported on and written about soccer for The New York Times, The Guardian, Yahoo Sports, Fox Sports, the Associated Press, and others. She authored a book about the history of the U.S. women’s national team called
Yevgeny Prigozhin is the bruising, villainous boss of the mercenary group, Wagner, whose forces captured the Ukrainian city of Bakhmut. On Telegram, he shares his thoughts about how the war in Ukraine is going – and slams Russia’s armed forces in a way no one else can get away with. So what’s going on with
An Orlando police officer named Alexander Shaouni was arrested and charged with eluding an officer, reckless driving, unlawful speeding and resisting an officer after another deputy attempted to pull him over for speeding. The Orlando Police Department says they have relieved the officer of duty until an investigation is complete. Shaouni pled not guilty to
Delays to HS2 announced by the government earlier this year in order to help ‘balance the books’ are likely to cost the taxpayer at least £366 million, according to new analysis exclusively leaked to Sky News. The government briefing also predicts the two-year pause to construction work on a key section is actually set to
In this article INTC 2330-TW Follow your favorite stocksCREATE FREE ACCOUNT Intel CEO Pat Gelsinger speaks during the Mobileye Global Inc. IPO at the Nasdaq MarketSite in New York on Oct. 26, 2022. Mobileye Global Inc., the self-driving technology company owned by Intel Corp., priced one of the biggest US initial public offerings of the
Saudi Arabia’s sovereign wealth fund is selling its stake in McLaren, the supercar maker and Formula One team-owner, in a deal that will reinforce Bahrain’s status as the company’s biggest shareholder. Sky News has learnt that Mumtalakat, Bahrain’s state investment fund, will announce on Thursday that it is buying the preference shares in McLaren Group
Paolo Uggetti, ESPNJun 21, 2023, 01:08 PM ET The second LPGA major of the year returns to a course that the women’s game hasn’t been to since 1961. Baltusrol’s Lower Course in Springfield, New Jersey, was the site of the 1961 U.S. Women’s Open, where Mickey Wright won a prize of $1,800 with a score
The US Coast Guard searching for a missing submersible has said it doesn’t know what the “noises” are that have been detected – but it is expanding the search area. The area is now more than twice the size of the US state of Connecticut. A Coast Guard spokesman said they “need to have hope”
Labour has unveiled a five-point plan to tackle the mortgage crisis – but Rishi Sunak is insisting that “beating inflation has to be the priority”. The Opposition and the prime minister were speaking ahead of the Bank of England preparing to hike interests rate yet again after inflation in the UK defied expectations and failed
One year after trouncing the hillclimb record at the annual Goodwood Festival of Speed, McMurtry Automotive is set to showcase a limited-run, production version of its all-electric Spéirling fan car called the PURE. A validation prototype of this soon-to-be commercially available sealed-skirt fan car will be on display at this year’s hillclimb ahead of pre-production…
German energy prices are so high that some companies are considering leaving the country altogether, according to Siegfried Russwurm, head of the German Industry Federation (BDI). CNBC’s Annette Weisbach asked Russwurm whether the ongoing energy situation was “bad enough” for companies to relocate, to which he responded: “It is indeed.” “A lot of family-owned companies
Cleanup operations are underway after Russian missile strikes hit the southern Ukrainian city of Odesa. 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: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to http://news.sky.com and download our apps: Apple
A 63-year-old woman crashed and flipped a car during her driving test in Argentina. #CNN #news #shorts