Silvio Berlusconi: Ex Italian PM known for sex-fuelled parties, dogged by corruption and scandal, dies aged 86 June 12, 2023 Former Italian premier and media mogul Silvio Berlusconi has died at the age of 86, Italian media has reported. He was Italy’s longest-serving premier despite scandals over his sex-fuelled parties and allegations of corruption. Italian news agency LaPresse reported Mr Berlusconi’s death after he was taken to hospital on Friday for the second time in [...]
Oil prices drop below $70 per barrel as investors fear further Fed rate hike June 12, 2023 Oil prices have fallen as investors fear further rate hikes from the Federal Reserve this week, when it meets to discuss interest rates.
Boris Johnson accuses Rishi Sunak of ‘talking rubbish’ in resignation row latest June 12, 2023 Boris Johnson accused Rishi Sunak of “talking rubbish” as the row over his resignation and peerages list became a public slanging match. It came after Sunak laid into his predecessor as prime minister Boris Johnson claiming he “asked me to do something I wasn’t prepared to do” over his peerages list. Johnson’s camp accused the [...]
Rishi Sunak: ‘AI doesn’t respect national borders so Britain must lead on global safety’ June 12, 2023 Artificial intelligence (AI) “does not respect borders” and the UK must lead on drawing up global regulation for the technology, the Prime Minister, Rishi Sunak, said today. Speaking at London Tech Week this morning, Sunak warned that the adoption of AI would have an impact on employment akin to the “industrial revolution” and said its [...]
Just Stop Oil have cost Met £4.5m in six weeks as slow marches continue to frustrate London workers June 12, 2023 Just Stop Oil (JSO) protests have cost the Metropolitan Police £4.5 million in six weeks, the force said. Activists have been staging demonstrations every day since April 24, mainly marching slowly on major roads in London, but also disrupting high profile events like the Chelsea Flower Show, Gallagher Premiership rugby final at Twickenham and World [...]
London homeowners face ‘grim’ mortgage cost hike of £7,300 if Bank raises rates again June 12, 2023 London homeowners looking to renegotiate their mortgage this year face a whopping £7,300 rise in annual costs as experts warn of the “grim reality” of rising interest rates. The Bank of England is predicted to hike interest rates for the 13th consecutive time this year to 5.5 per cent in efforts to cool soaring inflation, [...]
Third generation cryptocurrencies bearing the brunt of US regulatory scrutiny June 12, 2023 Bitcoin is trading flat, sitting just under $26k, while Ethereum is down by less than a percentage point over 24 hours.
15,000 EasyJet passengers hit by flight cancellations at Gatwick due to stormy weather June 12, 2023 Easyjet has cancelled flights affecting over 15,000 passengers, as thunderstorms and poor weather conditions across the UK and Europe caused significant disruption. The budget airline cancelled 54 flights on Sunday and 55 on Monday due to take-off from Gatwick Airport. Easyjet said that “thunderstorms in the Gatwick area restricted the number of arrivals and departures [...]
Glencore makes fresh bid for Teck coal arm as takeover battle takes new twist June 12, 2023 Glencore has redoubled its efforts to acquire Teck Resources, offering to buy its steelmaking coal business as a standalone company.
FTSE 100 close: London markets rise ahead of Fed and ECB decisions this week June 12, 2023 London markets closed higher on Monday ahead of a big week for central banks, with the Fed, European Central Bank (ECB) and Bank of Japan all set for their latest interest rate decision. The capital’s premier index climbed 0.1 per cent to 7,570.69 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned [...]
