The US central bank has fired the starting pistol on interest rate rises as the world’s largest economy faces up to a surge in inflation that is only predicted to accelerate during Russia’s war in Ukraine. The Federal Reserve raised its benchmark rate, for the first time since 2018, by a quarter point to a
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The Ukrainian president has asked the US Congress in Washington to “remember” Pearl Harbor and the 9/11 attacks, when “innocent people” were attacked from the air, as he called for more support. Volodymyr Zelenskyy was greeted with a standing ovation ahead of his powerful remarks, which he made through a video link from Ukraine. Echoing
After years of diplomatic efforts, a deal has been agreed that will see dual British-Iranian nationals Nazanin Zaghari-Ratcliffe and Anoosheh Ashoori return to the UK later today. A third dual national, Morad Tahbaz, will be released from prison in Iran on furlough. At the heart of the agreement was the settlement of a 40-year debt,
The minister for refugees has said he expects “thousands of people” to arrive in the UK next week under the government’s Homes for Ukraine sponsorship scheme. Lord Harrington, who was appointed to the role last week and subsequently enrolled into the House of Lords, told the Home Affairs Committee that it “may not be possible”
As Boris Johnson jetted off to Saudi Arabia in an attempt to persuade the Kingdom to pump more crude, a reminder arrived that whatever the prime minister’s efforts may yield, it may not be enough to save the world from an oil shock. The International Energy Agency, the multinational body set up in the wake
A New Zealand couple who believed they had dug up the world’s largest potato, have had their hopes mashed, after Guinness World Records confirmed it was not a potato after all. The spud looking plant, known as a tuber, was discovered last August at the couple’s farm near Hamilton when Colin Craig-Brown and his wife
Supermodel Bella Hadid has said she regrets having a nose job when she was 14 and spoken of her struggles with mental health issues in a candid new interview. The star confirmed she had the surgery as a teenager to US Vogue, following years of speculation about her appearance. Hadid also discussed what it was
The White House has mocked Russian sanctions imposed on senior US individuals, quipping that nobody was planning a holiday to Moscow and suggesting Vladimir Putin’s regime had targeted the wrong Joe Biden. President Biden was banned from entering Russia in response to the sanctions imposed against the country after the invasion of Ukraine. Also put
Two years on from the start of the pandemic, and despite the fact that almost all COVID restrictions have now been lifted, the majority of people are still taking voluntary precautions against infection. According to an ONS attitudes survey released today, most adults report taking at least one preventative measure to stop the spread of
In this article AAPL Foxconn employees on the assembly line in Longhua, Shenzhen, China. The company reportedly employed students working overtime at its iPhone factory in Zhengzhou. Qilai Shen | Bloomberg | Getty Images Foxconn, a major assembler of Apple’s iPhones, announced Wednesday that it has partially resumed production in Shenzhen, a Chinese manufacturing hub.
Petrol prices have risen to an average of £1.65 a litre as motorists see no let-up in daily increases despite oil prices sliding back from peak levels. Latest figures from data firm Experian Catalist, for Tuesday, also showed average diesel prices had hit £1.76 a litre, both of them records. The cost of petrol has
A battle over the future of some of London’s top restaurants has resumed hostilities after its Thai-based owner prepared legal proceedings against the fund which has just taken over the group’s debt. Sky News has learnt that Minor International has hired Linklaters, the magic circle law firm, to sue Knighthead Capital Management for allegedly inducing
Tributes are being paid to photographer Mike Mora, husband of singer Kelis, following reports of his death at 37. Mora had been diagnosed with advanced stomach cancer in 2020 and had shared a series of posts about his treatment on Instagram last year. Kelis’s management confirmed the sad news in a statement to US showbiz
Marvel’s first Muslim superhero has been revealed in the official trailer for the upcoming new series, Ms Marvel. Iman Vellani stars as teenager Kamala Khan, a young girl with a big imagination who loves gaming and writing fanfiction about her super-idols, but feels like a “weirdo” – until she develops super powers like the heroes
Both Russia and Ukraine appear more optimistic ahead of another scheduled round of peace talks – even as Moscow continues its assaults on Kyiv and other major cities. With Moscow’s ground advance on the Ukrainian capital stalled, Russian foreign minister Sergei Lavrov said a neutral military status for Ukraine was being “seriously discussed” by the
There is no guarantee sanctioned oligarch Roman Abramovich can return to the UK – and more sanctions will be imposed, the foreign secretary said. Chelsea FC owner Mr Abramovich was in Israel, where he has citizenship, and flew to Moscow via Istanbul on Tuesday after he was sanctioned by the UK last week. Liz Truss
Mixer-maker Fevertree has warned annual profits will be lower than previously expected after the Ukraine war pushed up commodity prices “dramatically”. The company said the surge over recent weeks had created “significant uncertainty in relation to input costs”. That means underlying earnings for the year are expected at £63m-£66m, down from previous guidance of £69m-£72m.
Scotland Yard has apologised after a black schoolgirl was strip searched by police while on her period after being wrongly suspected of carrying cannabis. A safeguarding report found that the “traumatic” search by Metropolitan Police officers took place at the girl’s school without another adult present and in the knowledge that she was menstruating. It
A theatre in Mariupol where hundreds of people are reported to have been sheltering has been bombed by Russian forces, local officials have said. The city council said the number of casualties was not yet known, but Sky News has verified footage from the attack as showing the Donetsk Regional Drama Theatre. A satellite image
An Indian-American astronaut and one of his colleagues have conducted a spacewalk to work on the International Space Station (ISS), whose services have been extended till 2030. Raja Chari, the commander of the SpaceX crew currently docked at the ISS, and flight engineer Kayla Barron walked out of the safety of the space station’s airlock