IMF warns inflation is a ‘clear and present danger’ and is here to stay May 24, 2022 IMF First Deputy Managing Director Gita Gopinath has said that inflation “will remain significantly above central bank targets for a while.” She added: “It is very important for central bankers around the world to deal with inflation as a clear and present danger, that is something they need to deal with in a very forceful [...]
Ukraine’s Zelenskiy says he is prepared to meet Putin, but no other Russian official May 24, 2022 Ukrainian President Volodymyr Zelenskiy has said that President Vladimir Putin was the only Russian official he was willing to meet with to discuss how to end the war. Watch the full report.
Watch: Russians forced to rethink summer travel plans as sanctions and anti-Russian sentiment bite May 24, 2022 Russians are rethinking their summer travel plans abroad amid rising prices and fears of growing anti-Russian sentiment. Watch the full report.
Watch as Queen Elizabeth attends Chelsea Flower Show May 24, 2022 Queen Elizabeth attended the Chelsea Flower Show, the latest of several appearances that have helped to ease public concerns about her health ahead of a national celebration of her seven decades on the throne. Watch the full report.
Watch: Davos boost for $18bn health fund that will fight pandemic setbacks and combat AIDS May 24, 2022 A global health fund has raised a third of the $18bn it says is needed to reverse setbacks caused by the coronavirus pandemic and combat AIDS, malaria and tuberculosis, with the latest boost coming from funding announced at this year’s Davos meeting. Watch the video report.
London is back on the global property radar as foreign home buyers shrug off Brexit and stamp duty changes May 24, 2022 International buyers are returning to the London property market after three consecutive years of declining market activity, brought about by Brexit, changes to stamp duty and, of course, the pandemic. Since last year, international interest has started to return to the capital, with transactions climbing by 0.6 per cent. At the same time, the market [...]
Crossrail LIVE: First Elizabeth Line train departs after hundreds of excited Londoners wait for hours at Paddington May 24, 2022 The first Elizabeth line train from Paddington through central London departed on time at 6.33am carrying hundreds of excited transport enthusiasts. A crowd of people gathered outside Paddington station in an attempt to to be on the first Elizabeth line train when services begin at 6.30am. There were around 300 people waiting at 6am. Colin [...]
Fresh woes for Boris Johnson as Tory MPs renew calls for PM to step down over Partygate May 24, 2022 Boris Johnson faces fresh woe today after Tory MPs renewed calls for the Prime Minister to resign. Peter Aldous said he had not withdrawn his letter of no confidence in Mr Johnson to the 1922 Committee as others are reported to have. “I haven’t, no. I thought long and hard back in late January, early [...]
Public sector borrowing hit £18.6bn last month, fourth-highest April since 1993 May 24, 2022 Government borrowing stood at £18.6bn last month, down by £5.6bn from a year ago, but still the fourth highest April borrowing since records began in 1993, according to official figures. The Office for National Statistics (ONS) said this morning that, despite the fall, government borrowing was £7.9bn more than in April 2019 before the pandemic [...]
Total chaos at Shell’s AGM as 70+ activists bring meeting to complete standstill with CEO fleeing the building May 24, 2022 Shell CEO Ben van Beurden has left the oil major’s annual general meeting, after a battalion of protestors brought proceedings to a complete standstill for over 40 minutes. A battalion of around 70 environmental protestors entered Methodist Hall this morning, chanting “Shell must fall!”, as the Anglo-Dutch oil firm launched its AGM. The protestors, who [...]
