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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
SpaceX, Twitter and electric car maker Tesla CEO Elon Musk looks on as he speaks during his visit at the Vivatech technology startups and innovation fair at the Porte de Versailles exhibition center in Paris, on June 16, 2023. (Photo by Alain JOCARD / AFP) (Photo by ALAIN JOCARD/AFP via Getty Images) Alain Jocard |
Oxygen on the missing Titanic submersible is expected to run out in hours, with hopes of finding the five people on board starting to fade. The vessel, named Titan, lost communication with tour operators on Sunday while about 435 miles south of St John’s, Newfoundland, during a voyage to the Titanic shipwreck off the coast
If the submersible now missing in the icy seas of the North Atlantic is still intact, the fate of the five men inside may rest on one crew member – a highly experienced mariner from France called Paul-Henri Nargeolet. Nargeolet knows the sea – the 77-year-old spent two decades in the French Navy, serving as
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
David Furnish is well known as a gay rights campaigner, AIDS activist and of course Sir Elton John’s husband. In conversation with Sky’s Beth Rigby, he covered a range of subjects from homophobia, trans rights and Prince Harry, to Sir Elton playing Glastonbury on Sunday, amazingly for the first time in a 50 year musical
Elon Musk is hinting that Tesla might enter the Indian automotive market as soon as next year after a meeting with Prime Minister Narendra Modi. India has the biggest auto market that Tesla has yet to enter. For years, Elon Musk said that Tesla’s launch in India was imminent, but strong import tariffs have made
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
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
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
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”
People in government tell me they think the governor of the Bank of England is failing in his job, but cannot do anything about it. That Andrew Bailey is under pressure is not in doubt. Today’s 8.7% year-on-year inflation rise is a painfully long way from the governor’s 2% target – meaning tomorrow, the Bank
The prime minister and his chancellor find themselves in something of a conundrum. They have committed themselves to halving inflation this year – without referring to the fact this is actually something the politicians outsourced to the Bank of England 25 years ago – even, if the chancellor is to be believed, this comes at
A man has been arrested after two people were stabbed at a hospital in northwest London. Armed officers responded after calls at 1.18pm that two had been stabbed at Central Middlesex Hospital. One of the victims has life-threatening injuries and a second has non-life threatening injuries. A man was arrested outside the hospital and is
Adam Rittenberg, ESPN Senior WriterJun 21, 2023, 07:00 AM ET Close College football reporter. Joined ESPN.com in 2008. Graduate of Northwestern University. The Future Power Rankings train has reached its final stop for 2023: the team rankings. By now, we’ve broken down the outlooks for quarterbacks, defenses and offenses for the next three seasons: 2023,
An interest rate rise by the Bank of England at midday is a nailed-on certainty – though opinions are split on the level of additional pain that could be imposed as efforts to curb the country’s inflation problem stumble. At the start of this week, policymakers were widely tipped to raise the base rate by
The gates for Glastonbury 2023 have been officially opened – with some attendees setting off at 1.30am to secure a spot at the front of the queue. About 210,000 people are heading to Somerset for the festival, which will host film screenings, theatre performances and political speeches as well as live music. One of the
Deborah Dorbert traces her fingertip along four strips of grainy black and white images placed on a wooden kitchen table inside her home in Lakeland, Florida. It’s a small city, a short drive from Disneyworld. This was, initially, her own fairytale. The pictures are scans showing a baby growing inside her, a cherished second child