Rate hike chances rise modestly after Fed’s Jerome Powell speech August 25, 2023 Interest rate futures tied to the Federal Reserve’s policy rate slightly increased the chances of tightening by the U.S. central banks at both the November and December policy meetings after Chair Jerome Powell’s speech. The Fed is widely expected to hold rates steady at the Sept. 19-20meeting. Powell said on Friday Fed policymakers would “proceed [...]
Notting Hill Carnival and Reading Festival-goers brace for rail strike disruption August 25, 2023 Rail passengers will face fresh travel disruption on Saturday because of another strike in the deadlocked dispute over pay, jobs and conditions. Around 20,000 members of the Rail, Maritime and Transport (RMT) union at 14 train operators will walk out, crippling services across England. The latest stoppage in the row, now in its second year, [...]
56 per cent of Brits expect Labour leader Keir Starmer to be next PM – with bleak picture for Tories: poll August 25, 2023 A majority of the public expects Sir Keir Starmer to become prime minister, a new poll has found. Some 56% of people told pollster Ipsos UK they thought it was “likely” the Labour leader would succeed Rishi Sunak, with only 28% saying they thought it was unlikely. That figure equals the previous high point for [...]
Luis Rubiales: Spanish football boss refuses to quit at crisis meeting over kiss row August 25, 2023 The president of the Spanish football federation has refused to resign despite an uproar after he kissed a player on the lips without her consent after the Women’s World Cup final. Luis Rubiales told an emergency general assembly of the federation “I won’t resign” four times in quick succession, and claimed he was a victim [...]
Heineken sells Russia firm at loss of £256m almost 550 days after Ukraine invasion August 25, 2023 Brewing giant Heineken has completed its exit from Russia, around 18 months after the invasion of Ukraine. The Dutch firm, which also makes Amstel and Birra Moretti beers, said it has now secured the sale of the business, which includes seven breweries, to Russian company Arnest Group for 1 euro. It said it expects to [...]
‘Highly likely’ Wagner chief Prigozhin is dead, says MoD August 25, 2023 It is “highly likely” that the leader of the Wagner mercenary group who challenged the Kremlin in a failed mutiny is dead, the UK Government has said. The Ministry of Defence (MoD) cautioned that there is “not yet definitive proof” that Yevgeny Prigozhin was onboard a plane that crashed north of Moscow on Wednesday, but [...]
MPs who lose seat to see ‘winding-down’ payments DOUBLED August 25, 2023 MPs who lose their seat at the next general election will receive double the financial support. Winding-down payments designed to help departing MPs close their office and manage the departure of staff will also now be available to those who step down at the election. MPs received two months’ wages after losing their seats at [...]
Brexit: UK faces science ‘brain drain’ amid delays in joining EU research scheme August 25, 2023 A delay in joining the European Union’s research and innovation scheme has “damaged the UK’s reputation” in the life sciences field, experts have claimed, with scientists “finding it much harder to bring the brightest and best into their labs”. The Government was also warned the UK faces a “brain drain” of talent if not made [...]
Wall Street wilts as yields rise ahead of speech by Federal Reserve chief Powell August 25, 2023 Wall Street has slumped despite a blowout profit report from Nvidia, following some mixed reports on the US economy. The S&P 500 dropped 1.3 per cent for its worst loss in three weeks. It nearly wiped out its gain for the week, which had been a bright spot in what has been a rough August. [...]
Trump returns to X, formerly Twitter, and posts for first time two year…. his mug shot August 25, 2023 Former president Donald Trump has returned to X, the social media site formerly known as Twitter, firing off his first message in more than two years shortly after he surrendered at an Atlanta jail. He posted a photo of his mug shot and the words “Election interference. Never surrender!” along with a link to his [...]
