Boris Johnson has hinted at an announcement about addressing the cost of living crisis in coming days – but the Treasury swiftly denied there would be an emergency budget. The prime minister came under pressure over the surge in prices facing British households during the Commons debate on the Queen’s Speech, which sets out the
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Households are being urged to get their finances in the best shape possible amid increasing evidence of increased stress over the growing cost of living crisis – now said to be the main concern for people across the UK. A debt advice charity told Sky News it was helping thousands of new clients navigate problem
Tesla is facing a setback in ramping up production at Gigafactory Shanghai after the three-week shutdown of the plant. Some supply issues are negatively affecting production to the point that it might need to shut down again. Like many other companies, Tesla had to shut down production at its Shanghai factory last month after local
Bitcoin dropped below the $30,000 level late Monday, breaching a symbolic price threshold. At its lowest price point, the world’s most popular cryptocurrency was more than 12% lower on the day — and more than 56% off its November all-time high of around $69,000. The last time bitcoin traded below $30,000 was in July 2021,
NASA’s Spitzer Space Telescope’s Infrared Array Camera achieved great feats for the American Space agency. The retired observatory has captured several spectacular images of the deep space until recently. It was the first of its kind to provide high-resolution images of the near- and mid-infrared universe. And, now, we are glad that it has received
The first ever photograph of a black hole — a fiery ring of light that surrounded a black pit of emptiness — stunned the world three years ago. The Event Horizon Telescope, a global network of synchronised radio dishes serving as one large telescope, brought that image of the black hole at the centre of
Sky News projects that, if the 4.5 million votes cast in the local elections were extrapolated to a general election, the result would be a hung parliament. Along with a team of psephologists, Sky’s data and economics editor Ed Conway has calculated that the Tories would remain the largest party with 278 seats, closely followed
Military expert Forbes McKenzie walks through a drone video of a firefight in Ukraine, released by Russia. CNN’s Salma Abdelaziz reports. #CNN #News
Rebekah Vardy has suffered “immense distress” as a result of Coleen Rooney’s now infamous “Wagatha Christie” allegations and “had no choice” but to take her to court “to establish her innocence and vindicate her reputation”, the High Court has been told. Vardy is suing Rooney after being publicly accused of leaking “false stories” to the
The government has set out its legislative agenda for the new parliamentary session in the Queen’s Speech. Laying out what new laws will shape people’s lives over the next year, it contains 38 pieces of legislation. For the first time in 59 years the Queen was forced to defer to her son Prince Charles and
Boris Johnson has promised to “grow and strengthen the economy and help ease the cost of living for families” through new measures in the Queen’s Speech. The address, which outlines the government’s legislative agenda for the year ahead, focused heavily on the economy as the PM aims to get the country “back on track” after
Millions of households in the UK are facing an unprecedented £700-a-year increase in energy bills after the price cap rose by 54% in April. Another sharp increase is expected in October. But in some other countries, households are paying far less for the cost of heating their homes. Where are energy bills lower? Canada and
Labour is confident it can prove Sir Keir Starmer did not break lockdown rules after he pledged to offer his resignation if issued with a fixed penalty notice by police. Sir Keir has come under pressure over an event in Durham in April 2021 with party colleagues when he was filmed having a drink and
The soaring cost of living has seen consumers “put the brakes” on their shopping habits, new figures show. The latest retail monitoring from BRC-KPMG revealed sales dipped in April after a sharp downturn in consumer confidence. And separate figures from Barclaycard showed credit card spending on retail and eating out slowed last month as people
US President Joe Biden says he fears Vladimir Putin does not have a way out of the Ukraine war. Speaking in Washington DC on Monday, Biden described the Russian president as “a very calculating man” but without an exit strategy and admitted “I’m trying to figure out what we do about that”. He said Putin
In this article FB NVDA GOOGL TSLA MSFT AMZN AAPL OMAHA, NEBRASKA – APRIL 30: Apple CEO Tim Cook walks through the convention floor at the Berkshire Hathaway annual shareholder’s meeting on April 30, 2022 in Omaha, Nebraska. This is the first time the annual shareholders event has been held since 2019 due to the
Tesla released interesting and rare details about its approach to sourcing lithium, nickel, and cobalt directly from mines instead of through its cell suppliers. This approach is going to be critical as companies fight to secure those minerals for battery production to support electric vehicle growth. While Tesla sources the vast majority of its battery
Bitcoin is off nearly 55% from its November peak, and 40% of holders are now underwater on their investments, according to new data from Glassnode. That percentage is even higher when you isolate for the short-term holders who got skin in the game in the last six months when the price of bitcoin peaked at
Missing prison officer Vicky White and prisoner Casey White have been arrested after being caught following a car chase with fugitive hunters, the US Marshals. Mr White, who was awaiting trial on a capital murder case, disappeared with Ms White after leaving a detention centre in Florence, Alabama. On 29 April, Ms White told colleagues the
Rivian electric trucks are seen parked near the Nasdaq MarketSite building in Times Square on November 10, 2021 in New York City. Michael M. Santiago | Getty Images Tech stocks have gotten hammered across the board in 2022. The downdraft has been particularly brutal for companies that held their market debuts in 2021. Of 53