The Bank of England has revealed it no longer believes the UK will face a technical recession this year, as it raised the interest rate by a further quarter percentage point. The unexpected change to its forecast was contained in the minutes alongside its decision to raise borrowing costs for an eleventh successive time to
Whisper it, but could the Brexit and Boris bandwagons be gradually trundling off into the distance? Let’s start with Brexit. The most politically important development of a packed Westminster Wednesday was arguably what didn’t happen. Boris Johnson, the European Research Group of Brexiteers and the DUP all objected to the government’s EU deal and yet
The singling out of Albanian migrants in the UK has been a “very, very disgraceful moment in British politics”, the country’s prime minister has said. Edi Rama, who is in Britain for talks with Rishi Sunak, said it is essential that relations between the two countries are not defined by a few “rotten apples”. “Unfortunately
A rare yet powerful tornado struck a Los Angeles suburb on Wednesday, ripping roofs off a line of commercial buildings and sending the debris twisting into the sky. One person was injured in the extreme weather, with the National Weather Service confirming the tornado had touched down in Montebello at around 11.20am on Wednesday. The
The Bank of England is expected to raise interest rates for the 11th time in less than 18 months after Wednesday’s surprise jump in inflation. It is due to announce its latest decision at noon as it tries to reconcile the UK’s weak economic outlook and an international banking crisis. Any increase would be part
In this article BTC.BS=-USS BTC.CB= BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT Cryptocurrency industry insiders predict bitcoin could hit a new all-time high in 2023 and possibly reach $100,000. It comes after a noted investor bet that the digital currency could go to $1 million in 90 days. Chris Ratcliffe | Bloomberg | Getty Images
Actress Lindsay Lohan, rapper Akon and singer Ne-Yo have been forced to pay tens of thousands of dollars to settle claims they promoted crypto investments to their social media followers without disclosing they were being paid to do so. The group of celebrities, which also included rapper Lil Yachty, boxer and internet personality Jake Paul
One of the largest lithium producers globally, Albermarle Corp, announced plans Wednesday to make Chester County, South Carolina home to its new $1.3 billion Mega-Flex lithium processing facility. The plant, once open, is expected to support the production of roughly 2.4 million EVs each year. Albermarle announces $1.3B Mega Flex lithium plant in SC With
In this article COIN Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, the Coinbase logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images The Securities and Exchange Commission issued crypto exchange Coinbase a Wells notice, warning the company that it identified potential violations of U.S.
7:39 AM ET The Memphis Grizzlies are hopeful to get Ja Morant back on the floor Wednesday against the Houston Rockets. Morant’s recent eight-game suspension shook some of the momentum the Grizzlies were riding to a potential top seed in the West prior to March 4. But with its star point guard returning to practice,
The government is cutting benefit payments to some of Britain’s poorest families or threatening them with debt collectors in a raid that is “plunging people into poverty”. More than a million people have had their universal credit payments cut over the past year because they were overpaid tax credits in the past by HMRC. Some
Lindsay Lohan attends/performs during a photocall for “Speed The Plow” at Playhouse Theatre on September 30, 2014 in London, England. Tim P. Whitby | Getty Images The Securities and Exchange Commission has unveiled fraud and unregistered securities charges against crypto founder and Grenadian diplomat Justin Sun, alongside separate violations against the celebrity backers of his
Two organic compounds essential for living organisms have been found in samples retrieved from the asteroid Ryugu, buttressing the notion that some ingredients crucial for the advent of life arrived on Earth aboard rocks from space billions of years ago. Scientists said on Tuesday they detected uracil and niacin in rocks obtained by the Japanese
Did Boris Johnson intentionally mislead Parliament about what he knew and when about rule-breaking events in Number 10? The privileges committee maintains it is “very likely” he did. Wednesday’s appearance in front of the privileges committee was billed as the day of reckoning for the former prime minister, with all the jeopardy that it brought.
11:51 AM ET Associated Press MIAMI GARDENS, Fla. — Defending champion Iga Swiatek pulled out of the Miami Open on Wednesday because of a rib injury. The No. 1-ranked Swiatek was supposed to face Claire Liu in the second round on Thursday. As a seeded player, three-time Grand Slam champion Swiatek received a first-round bye
The Federal Reserve – the US central bank, known as the Fed – has increased interest rates for the ninth time in a row. The rate has been increased by 0.25 percentage points in an effort to bring down inflation, which in the US stood at 6% over the 12 months to February. A higher
Gwyneth Paltrow’s accuser “deteriorated abruptly” after the US actress allegedly crashed into the back of him on the ski slopes, a court has been told. Terry Sanderson, 76, showed “all the typical hallmarks” of someone who had suffered a brain injury after the 2016 collision, according to radiologist Wendell Gibby, who carried out tests on
World Athletics has decided to exclude transgender women who have gone through male puberty from female events. The body’s president, Lord Coe, said “decisive action” had been taken to “protect the female category in our sport”. Lord Coe told a news conference in Monaco: “The council has agreed to exclude male-to-female transgender athletes, who have
Noel Gallagher says his brother Liam should “get his people to call my people” about an Oasis reunion. Noel made the comments in an interview with radio station France Inter, days after Liam sparked fresh hope that a reunion may be on the cards by telling a fan on Twitter that “it’s happening”. Speaking to
Striking Amazon workers have vowed to step up industrial action following an “insulting” new pay rise. It comes after Amazon announced on Wednesday that it will increase the minimum starting salary of its UK workforce by at least 50p to between £11 and £12 per hour from April. The company said the exact amount will