Kwasi Kwarteng has been sacked as chancellor three weeks after his mini-budget unleashed chaos on the economy. He was appointed to the role by Liz Truss only 38 days ago, making him the second-shortest serving chancellor after Iain Macleod, who died a month after being handed the job by Edward Heath. Number 10 announced an
Queen has released a lost song recorded with late frontman Freddie Mercury more than 30 years ago. Originally taped in 1988 during the British band’s sessions for their 13th album The Miracle, Face It Alone did not make the final cut and was later forgotten. The song was rediscovered when Queen’s production and archive team
Discussions are under way in Downing Street over whether to scrap some of the contentious proposals in the chancellor’s tax-cutting mini-budget, Sky News understands. The proposed changes to corporation tax and dividend tax are understood to be under discussion. Downing Street insisted earlier on Thursday that there will be no more U-turns on policies in
A senior Iranian official has questioned excessive state enforcement of the country’s compulsory hijab laws – following the death of Mahsa Amini in custody. Ali Larijani, 65, an adviser to Iranian Supreme Leader Ali Khamenei, and a former parliamentary speaker, warned in an interview with Iranian daily Ettela’at that a “rigid response” to the widespread
Sky News’ Security and Defence Analyst Michael Clarke explains how a key bridge linking Russia to Crimea has been hit by a huge explosion. For the latest developments in Ukraine: https://qrcode.skynews.com/skynews/ukraineblog #ukraine #crimea #bridge #vladimirputin SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow
Russian President Vladimir Putin’s order to conscript men to fight in his war in Ukraine has created an exodus of draft dodgers. CNN’s Ivan Watson speaks to some of the thousands who left their homeland behind in defiance of Putin. #CNN #News
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Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. Stocks rise despite hot inflation report We’re buying more shares of EL Quick mentions: PG, PXD, AMZN 1. Stocks rise despite hot inflation report Stocks rose on Wednesday despite a
5:30 PM ET LONDON — Son Heung-Min‘s brace and Harry Kane‘s penalty gave Tottenham Hotspur a crucial 3-2 win over Eintracht Frankfurt on Wednesday as Spurs took a big step toward qualifying for the knockout stages of the Champions League. Initially down early against the defending Europa League champions thanks to a goal from Daichi
As Liz Truss faces open revolt in her own party over her tax cut plans, her Chancellor Kwasi Kwarteng will today try and reassure the IMF that everything is under control. Ministers continue to be under pressure for the market chaos that erupted after the government announced its £45bn package of unfunded tax cuts last
A police officer on duty during the January 6 assault on the US Capitol building has described it as a “medieval battle scene” in which he was beaten and tasered before suffering a heart attack. Michael Fanone told Sky News he thought he would die after becoming detached from his colleagues and being “struck from
SpaceX plans to announce two new space tourists slated to fly on the Starship rocket: Dennis Tito, the world’s first-ever space tourist in 2001, and his wife, Akiko. The couple paid an undisclosed amount to fly around the moon on Starship once the vehicle is complete. They will travel with 10 other undisclosed passengers on a roughly
Andy Jassy, CEO of Amazon and then CEO of Amazon Web Services, speaks at the WSJD Live conference in Laguna Beach, California, October 25, 2016. Mike Blake | Reuters Throughout its first 25 years as a public company, Amazon has operated under a singular mantra, often to the chagrin of Wall Street: growth is more
Sky News is the first broadcaster to be granted permission to film a multiple-launch rocket system given to Ukraine by the UK in action during the war and to meet the soldiers operating it. Read more about Sky’s Deborah Haynes’ exclusive report here: https://news.sky.com/story/british-rocket-launchers-turning-the-tide-against-russia-filmed-for-the-first-time-12712600 SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us
The Ukrainian military says that as its forces advance in the southern region of Kherson, Russian units have suffered losses and are trying to evacuate their wounded and equipment to the nearest crossings across the Dnipro River. Former CIA Director Leon Panetta discusses the latest developments in Ukraine’s war with Russia. #CNN #News
The chancellor’s mini-budget “complicated matters” for the Bank of England as it battled to bring down inflation, the International Monetary Fund’s chief economist has told Sky News. In an interview at the IMF’s annual meetings in Washington, Pierre-Olivier Gourinchas warned the coming years would “not be very pleasant” for the global economy. He also said
Scott Guthrie, right, executive vice president of Microsoft’s cloud and artificial-intelligence group, speaks with Jennifer Lin, Trimble’s chief platform officer, at Trimble’s Insight Tech Conference and Expo in Orlando, Fla., on Aug. 16, 2022. Microsoft Microsoft has been making its GitHub subsidiary more dependent on the company’s own Azure public cloud. That lines up with
In a recent interview with German media, NIO CEO William Li covered a plethora of topics pertaining to the relatively young Chinese automaker, including its expansion in Europe and its plans for the US, which may now be on hold. Speaking of the US market, Li had some bold (and funny) words to say about
US President Joe Biden and Saudi Crown Prince Mohammed bin Salman arrive for the family photo during the Jeddah Security and Development Summit (GCC+3) at a hotel in Saudi Arabia’s Red Sea coastal city of Jeddah on July 16, 2022. Mandel Ngan | Afp | Getty Images President Joe Biden is angry at Saudi Arabia
The economic credibility of the government has come under siege on financial markets since last month’s tax-cutting mini-budget. While the value of the pound hit a new record low against the dollar of $1.03 in the days following the chancellor’s statement to MPs, which contained no details on how it would all be paid for,