The world’s largest economy has contracted for a second consecutive quarter, although the downturn is yet to be officially termed a recession. The US recorded a 0.9% decline in output on an annualised basis between April and June, when economists had forecast an increase of 0.5%. The early data would meet the international criteria for
admin
Labour leader Sir Keir Starmer has said one of his shadow ministers was sacked yesterday for making up policy “on the hoof” as he stood on a picket line during rail strikes. Sam Tarry was dismissed from his role as a junior shadow transport minister after he disobeyed orders for frontbench Labour MPs to not
Solar EV manufacturer Lightyear has announced Swedish high-performance sports car manufacturer Koenigsegg as its latest investor. Furthermore, the latter will join Lightyear in a “technology-sharing partnership” in which both automakers will share proprietary and patented information to develop ultra-efficient vehicles like the upcoming Lightyear 2. Lightyear is a Dutch solar EV startup that has gotten
Senator Joe Manchin (D-WV) exits the U.S. Capitol following a vote, on Capitol Hill in Washington, February 9, 2022. Tom Brenner | Reuters Senate Majority Leader Chuck Schumer, D-N.Y., and Sen. Joe Manchin, D-W.V., on Wednesday unveiled a long-anticipated reconciliation package that would invest hundreds of billions of dollars to combat climate change and advance clean
Former Senator Al Franken (D) discusses the January 6 hearings and the outtakes video from Trump’s speech the day after the violent riot at the Capitol. #cnn #News
Veteran actor Bernard Cribbins, who narrated The Wombles and starred in the film adaptation of The Railway Children, has died aged 93. A statement from his agent, Gavin Barker Associates, said: “His career spanned seven decades with such diverse work ranging from films like The Railway Children and the Carry On series, hit 60s song
Senior Labour MP John McDonnell says he supports a general strike and criticised Sir Keir Starmer for sacking a junior minister after he stood on the picket line during yesterday’s rail strike. Mr McDonnell, who was shadow chancellor under Jeremy Corbyn, told Sky News the Labour Party should be supporting the strikes as rail workers
North Korea is ready to mobilise its nuclear war deterrent “accurately and promptly”, leader Kim Jong Un has claimed. He said the country was ready for any potential military conflicts with the United States as well as South Korea, criticising it’s new president Yoon Suk-yeol for the first time and warning Seoul was pushing towards
Scientists have worked out how to turn dead spiders into “necrobotic spiders” that can mechanically grip objects. Researchers at Rice University in the United States released a report of their experiment in the journal Advanced Science, in which they were able to repurpose the bodies of dead spiders by pumping air into their legs to
Shell has reported record profits of $11.5bn (£9.4bn) for the second quarter, more than double last year’s figure of $5.5bn (£4.5bn). The oil giant had already smashed its own quarterly record at the start of the year when it clocked up profits of $9.1bn (£7.2bn), but the sums continued to rise into Q2. Shell attributed
11:40 AM ET The 2022 MLB trade deadline is coming fast, with teams weighing their biggest needs before 6 p.m. ET on Aug. 2 arrives. Will the Washington Nationals make a blockbuster Juan Soto trade? Could Shohei Ohtani be on the move from the Los Angeles Angels? Could Luis Castillo and Willson Contreras be dealt
Relatives of America’s gun violence victims have told Sky News of their disappointment and anger after listening to exchanges between politicians and gun firm bosses at a congressional hearing in Washington “They have no heart. If it was their child they would be moving mountains to get these laws changed. Honestly,” Javier Cazares said. He
Back in April, NASA chose Canoo to build the electric vehicles that will bring astronauts to the launchpad for the Artemis program. Since then, Canoo and NASA have brought the vehicles around Kennedy Space Center, from the Neil Armstrong Operations and Checkout building to the launchpad that will return astronauts to the Moon. Over the
In this article ENPH Workers install solar panels on the roofs of homes under construction south of Corona, California. The California Energy Commission in May 2018 adopted new energy building standards requiring solar panels for virtually all new homes built in the state starting in 2020. MediaNews Group/Inland Valley Daily Bulletin via Getty Images |
Meta Platforms CEO Mark Zuckerberg speaks at Georgetown University in Washington on Oct. 17, 2019. Andrew Caballero-Reynolds | AFP | Getty Images Meta Platforms CEO Mark Zuckerberg said on the company’s second-quarter earnings call Wednesday that the economy seems to be in a downturn that will hurt digital advertising, so the Facebook parent company must
5:24 PM ET Associated Press CHARLOTTE, N.C. — Kurt Busch will miss Sunday’s NASCAR race at Indianapolis Motor Speedway with concussion-like symptoms and will be replaced again by Ty Gibbs in the Toyota for 23XI Racing. The team said Wednesday that Busch has not been cleared to race for a second consecutive week. He crashed
One of Donald Trump’s favorite newspapers — controlled by his media ally Rupert Murdoch — says Trump is “unworthy to be this country’s chief executive again.” #CNN #News
In this article META Facebook parent Meta reported a steeper-than-expected drop in revenue, missed on earnings and issued a surprisingly weak forecast, pointing to a second consecutive decline in year-over-year sales. The shares dropped 3.8% in extended trading. Here’s how the company did: Earnings: $2.46 per share vs. $2.59 per share expected, according to Refinitiv
Facebook owner Meta has reported its first ever revenue drop amid lower advertising sales and growing competition from TikTok. The social media giant reported revenue of $28.8bn in the three months to June, down almost 1% from $29.08bn the previous year. The figure was lower than the $28.9bn expected by Wall Street, sending Meta shares
Jul 27, 2022 Associated Press LOS ALAMITOS, Calif. — An unraced 2-year-old colt trained by Bob Baffert was euthanized after an accident at Los Alamitos, becoming the 10th horse to die at the Southern California track this year. Officials at the track in Orange County said Rapacious had completed his morning workout Tuesday when he