UK inflation eased more than expected to 7.9 per cent in June, providing some relief for the Bank of England ahead of its decision on interest rates next month. Annual inflation was down from 8.7 per cent in May, the Office for National Statistics said on Wednesday. It was lower than the 8.2 per cent
News
Donald Trump said he was the target of a criminal probe into efforts to overturn the results of the 2020 presidential election, raising the possibility he could face fresh federal charges in the coming days. In a development he described as “horrifying”, Trump said he had received a letter from the US Department of Justice
Russia has formally withdrawn from a UN-brokered deal to export Ukrainian grain across the Black Sea, potentially imperilling tens of millions of tonnes of food exports from the war-torn country. Dmitry Peskov, president Vladimir Putin’s spokesman, told reporters on Monday that the agreement had “essentially stopped” and Russia would no longer co-operate with the deal.
Temperatures are expected to hit record highs in Italy this week as much of southern Europe bakes in an intense heatwave that has driven authorities to mobilise medical facilities for the most vulnerable and warn people to stay indoors in the middle of the day. The extreme heat is raising fears for public health after
The writer is former special US envoy to Ukraine and former US ambassador to Nato It is sometimes difficult to appreciate the significance of major global changes while they are happening. Our analyses, instincts and actions are rooted in what we already know, not fully appreciating the new environment in which we find ourselves. We focus on
Vladimir Putin has said the Wagner group refused his offer to continue fighting in Ukraine under their regular commander, indicating the paramilitaries will no longer take part in Russia’s invasion of the country. Putin told Russian newspaper Kommersant on Thursday that he had offered Wagner “several employment options”. The deal, according to Putin, would have
7/12/2023, 11:33:30 PM What to watch in Asia today William Langley in Hong Kong South Korea: Economists expect the Bank of Korea to hold rates at 3.5 per cent for the fourth straight meeting. Meetings: The EU-Japan summit begins in Brussels, attended by European Council president Charles Michel, European Commission president Ursula von der Leyen
US inflation dropped to 3 per cent in June, lower than expected, in the latest sign that the Federal Reserve’s interest rate rises are having an effect on price pressures. The annual increase in the consumer price index slowed from 4 per cent in May to 3 per cent, the slowest rate of inflation since
The chief executives behind Microsoft’s planned $75bn acquisition of Activision made a last-ditch attempt to save the deal in a courtroom on Wednesday in the face of US government objections that could result in its annulment as early as next week. The acquisition of the gaming company would almost certainly collapse if the judge sided
Good morning. Here’s a prediction I feel close to 100 per cent comfortable making: whichever party wins the next election will raise taxes by more than they claim during it. How Rishi Sunak and Keir Starmer and, equally importantly, Jeremy Hunt and Rachel Reeves navigate that is one of the big questions not only in
Moscow has accused Kyiv and Ankara of violating the terms of a high-profile prisoner exchange after President Volodymyr Zelenskyy returned home from a visit to Turkey with a group of Ukrainian commanders. The commanders had led the defence of the bombed-out city of Mariupol before they were forced to surrender last spring at the end
Elon Musk has sued the law firm Wachtell, Lipton, Rosen & Katz to recover a portion of the $90mn fee paid by Twitter, the bulk of which was wired in the hours before the billionaire took over the social media company. Wachtell Lipton, an elite Wall Street firm, had helped Twitter’s then-board to close the
Harriet Clarfelt in New York and Daria Mosolova and Mary McDougall in London, Hudson Lockett in Hong Kong US stocks and bonds fell as investors were caught off guard by robust economic data and a signal from the Federal Reserve that it would raise interest rates further to tame inflation in the world’s largest economy.
European stocks fell and yields on US government debt rose on Thursday after minutes from the Federal Reserve’s last policy meeting indicated the central bank would resume interest rate increases to stamp out high US inflation. The pan-European Stoxx 600 lost 1.2 per cent, edging towards its lowest point since May, while France’s Cac 40
Space at the Deep C Two industrial estate in northern Vietnam is in such demand that its developer is already thinking about how to create more — by pushing back the South China Sea. Some of the biggest suppliers to global tech companies such as Apple are clustered at Deep C Two, close to northern
The French government said rioting and looting had calmed as it kept up a heavy security deployment to try to quell the unrest that has exploded in the five days since a fatal police shooting of a teenager. “Quieter night thanks to the resolute action of the police,” interior minister Gérald Darmanin wrote on Twitter
Joe Biden has been rushing to win financial support for his 2024 re-election campaign with a fundraising blitz that is testing the enthusiasm of anxious Democratic donors. The US president has been trying to rake in as much money as possible before the end of the second quarter so he can start amassing a war
Apple’s market valuation is set to surpass the $3tn mark again as shares in the US tech giant hit a fresh record in pre-market trading on Friday. Shares in the company rose about 1 per cent to $191.74 in pre-market trading in New York. Its market value has rebounded 45 per cent this year, adding
Visitors to the Nio House in Frankfurt can do more than just admire the sleek new electric vehicles on display. Half the showroom, a stone’s throw from the city’s 15th-century Eschenheimer Gate, is a free-to-use co-working space, equipped with meeting rooms, a café and a crèche. When Qin Lihong, co-founder and president of the Chinese
Ukraine has hit back at doubters over the progress of its summer counteroffensive, insisting recent modest gains against Russian occupiers were merely a “preview” of a much bigger push to come. Oleksiy Reznikov, Ukraine’s defence minister, told the Financial Times that the liberation of a group of villages under Russian occupation in recent weeks was
- « Previous Page
- 1
- …
- 35
- 36
- 37
- 38
- 39
- …
- 43
- Next Page »