The US central bank has imposed its third major interest rate rise in a row. The Federal Reserve has once again hiked rates by 0.75 percentage points in an effort to curb soaring inflation. The widely-expected rise will mean more expensive borrowing for the likes of mortgage holders and those paying credit card debt. American
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Each minute Kwasi Kwarteng is on his feet at the dispatch box on Friday – and he is expected to speak for a minimum of 20 - the chancellor will cost the taxpayer at least £2bn. Accompanied by a few pages of Treasury costings – but no formal forecasts from the Office for Budget Responsibility
Liz Truss is putting the public finances on a “unsustainable path” with her plans to slash taxes while capping energy bills, a leading economic think tank has warned. The Institute for Fiscal Studies (IFS) has calculated that the combination of higher spending and tax cuts means government borrowing is expected to hit £100bn a year
The US president says Russia has “shamelessly violated the core tenets” of the United Nations charter with its “brutal, needless war” in Ukraine. Delivering a forceful condemnation of Russia’s invasion to the international body, Joe Biden said reports of abuses against civilians in Ukraine “should make your blood run cold”. He also said President Vladimir
Donald Trump and three of his children have been served with a lawsuit alleging “years of bank, tax and insurance fraud”. New York attorney general Letitia James is suing the former US president, his family, and the Trump Organisation. If successful, it could halt Mr Trump’s ability to do business in the state for years
TV and radio host Jeremy Vine has said he is “amazed at how hard it is” to get social media companies to act in response to his jailed stalker’s videos. Former BBC local radio presenter Alex Belfield, 42, was sentenced to five years and 26 weeks last Friday after being found guilty of waging a campaign against
A prolific fraudster accused of impersonating Hollywood film executives is said to have fooled over 300 victims out of a total of $1m. Hargobind Tahilramani, 42, is said to be the “con Queen of Hollywood” for committing fraud by offering people in the film industry work that didn’t exist and tricking them into paying thousands
Sky’s Diana Magnay has the latest from Moscow, where there are calls for Russia to declare a full war with Ukraine, rather than continue to describe it as a special military operation. This follows a sense of unease as the scale of Ukraine’s counter-offensive sinks in, making it clear that the Ukrainians are not welcoming
Russian businessman Ivan Pechorin, the top manager for the Corporation for the Development of the Far East and the Arctic, has been found dead in Vladivostok, the latest in a string of mysterious deaths among Russian executives. #CNN #news
From cutting down on shower time, driving slower and fining shopkeepers for not closing their doors, Europeans are embarking on a target of reducing energy usage in time for winter, and some citizens have taken to social media to share their experiences. For example, German Christopher Hipp offered tips on Twitter on how to defrost
GM is transforming its business to meet the future of transportation by introducing a full lineup of new electric vehicles this year. With “EV for everyone,” GM is hoping it can reach the masses and speed up the transition to sustainable transportation. In the company’s latest push toward a cleaner future, the automaker released seven
SpaceX will apply for an exemption from US sanctions against Iran in a bid to offer its satellite internet service to the country, owner Elon Musk said on Monday. “Starlink will apply for an exemption from sanctions against Iran,” Musk said in response to a tweet from a science reporter. Musk had initially announced that
Ukrainian forces have retaken 6,000 square kilometres of their homeland from Russia. Military analyst Michael Clarke explains what these recent wins tell us about Ukraine’s counteroffensive operation, and what this mean for the trajectory of the war. 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:
Ukraine’s counteroffensive has reshaped the war with Russia. CNN’s Clare Sebastian discusses with Neil Melvin, director of International Security Studies of RUSI. #CNN #News
7:00 AM ET NBArank is back for its 12th season counting down the best players in the league. Where are MVP candidates such as Giannis Antetokounmpo, Luka Doncic, Joel Embiid and Nikola Jokic? What about rookies and young stars ready to take the leap into the upper tier of NBA players? Where is LeBron James,
Marc Benioff, founder, chairman and co-CEO of Salesforce, speaks at an Economic Club of Washington luncheon in Washington on October 18, 2019. Nicholas Kamm | AFP | Getty Images Salesforce co-CEO Marc Benioff said the cloud software company has much more to do in the area of cybersecurity following an attack at Uber involving Salesforce’s
Wholesale energy costs for businesses will be slashed by up to half their expected price through the winter months, the government has announced. Firms across the UK will see government-funded cuts to their energy bills in line with the reductions that have already been announced for homes. The level of discount will depend on what
All businesses in Britain and Northern Ireland will receive a discount on energy bills funded by taxpayer subsidy, the government is expected to announce on Wednesday. Industry sources have been told to expect a universal scheme that will apply to all sectors of the economy when Business Secretary Jacob Rees-Mogg unveils details of the scheme
During a presentation at IAA Transportation in Germany this week, Chinese EV manufacturer Build Your Dreams (BYD) has shared a myriad of new commercial EV technologies that will initially debut in Europe. The most prominent of the bunch is BYD’s new eBus platform, which is powered by BYD’s durable Blade Batteries, currently being used in
In this article SCBFY Antonio Guterres photographed in New York last September. On Tuesday, he said fossil fuel firms and their “enablers” needed to be held to account. John Minchillo | Pool | Getty Images News | Getty Images The U.N. secretary general said Tuesday that developed economies should impose an extra tax on the