Britons must brace themselves for a “very unpleasant period”, with “considerable” interest rate hikes now needed to prevent a re-run of the 1970s, former Bank of England governor Mervyn King has warned. Lord King launched a coruscating attack on central banks including the Bank of England itself, saying they shared responsibility for the cost of
An augmented reality feature shows the finished Apple Park at the Apple Park Visitor Center on November 17, 2017 in Cupertino, California. Amy Osborne | AFP | Getty Images Apple’s board of directors previewed its mixed-reality headset last week, according to Bloomberg, suggesting that Apple’s next major new product category could launch soon. For Apple,
5:35 PM ET TULSA, Okla. — Tiger Woods and Rory McIlroy do not walk the way they once did, when each was at the height of his powers. Woods, understandably, takes tentative steps these days. He’ll often hold a club in his right hand as he leaves the tee box, gently swinging it like a
Heybike, makers of eBikes small and large, has set a new standard for a feature rich electric folding bike. With so many ways to enjoy electric bikes, the Ranger model can make short work of any commute, off-road short-cut or an otherwise hum-drum day. In the past we took a look at the Heybike Mars,
In this article @RB.1 @CL.1 A sign displays gas prices at a gas station on May 10, 2022 in San Mateo County, California. Liu Guanguan | China News Service | Getty Images The surge in gasoline prices is impossible to miss and at the top of consumers’ minds as large billboards announce that gas now
Russia may have lost as much as one third of the ground force it committed when it invaded Ukraine, according to an intelligence assessment from Britain’s defense ministry. It added that Russian forces had sustained heavy losses in their Donbas offensive and that “under the current conditions, Russia is unlikely to dramatically accelerate its rate
Actor Johnny Depp’s ex girlfriend Ellen Barkin, has described a “jealous” and “controlling man” who was “angry and demanding”. Speaking during day 29 of the libel trial involving Depp and his ex-wife Amber Heard, Ms Barkin said she and Johnny – who she had starred in the film Fear And Loathing In Las Vegas with
In this article USDT.CM= Tether previously claimed its stablecoin was backed 1-to-1 by U.S. dollars. Justin Tallis | Afp | Getty Images The issuer of the stablecoin tether said in a report that the controversial digital currency is now backed in part by “non-U.S.” government bonds. Stablecoins are a type of cryptocurrency pegged to the
The road to Severodonetsk in Ukraine has to be negotiated at a furious pace. The route incorporates a vast open stretch of land leaving vehicles exposed and vulnerable to attack. The journey is pitted with risks as the Russians try to cut off this, the only route into the city and the one remaining pocket
Eight new cities have been created as part of the celebrations for the Queen’s platinum jubilee taking place in two weeks. The Cabinet Office announced the capital of the Falkland Islands is among the eight places to win converted city status, alongside Bangor in Northern Ireland, Douglas on the Crown Dependency of the Isle of
The Duke and Duchess of Cambridge have made a glamorous appearance alongside Tom Cruise at the UK premiere of the long-awaited Top Gun sequel. The Hollywood legend introduced Prince William and Kate to the cast as a model jet loomed over the red carpet in Leicester Square. Cruise, 59, reprises his role as hot-shot Navy
National Grid has seen its annual pre-tax profits increase by 107% to £3.4bn. The energy network operator attributed much of the rise to its £7.8bn purchase of Western Power Distribution (WPD), which was recently fined £14.9m for failing to help vulnerable customers. National Grid, which delivers electricity to households and businesses, previously said profits in
British consumer confidence has plunged to its lowest level since records began nearly 50 years ago, a survey has suggested, adding to fears that the economy will soon be hit by a slowdown in consumer spending. Market research firm GfK said its consumer confidence gauge sunk to a score of -40 in May, down from
NASA’s Cold Atom Lab aboard International Space Station (ISS) has come up with a discovery that can give a new direction to quantum research. In this lab, researchers have experimented with gas to form an exotic material. Gas, when cooled to nearly absolute zero (minus 459 degrees Fahrenheit, or minus 273 degrees Celsius) formed small,
For five long months, the prime minister and his Number 10 team have been beset by the partygate scandal. From the revelations of multiple rule-breaking events in Downing Street and Whitehall, to the public and political fury that prompted a Whitehall and then a police investigation – the PM will emerge from all of this
A captured volunteer medic’s bodycam footage shows the horrors taking place in the ruined city of Mariupol after it was smuggled out in a tampon. Yuliia Paievska is referred to as Taira in Ukraine, a moniker from the nickname she chose in the World Of Warcraft video game. Using a body camera, the 53-year-old recorded
The Met Police’s investigation into lockdown breaching events at Downing Street and Whitehall has now concluded. They have issued, or will issue, 126 fixed penalty notices (FPNs) to 83 people, with some people getting up to five fines each. Having completed the investigation, the Met Police has now revealed details of how it was carried
Kawasaki is a bit late to the electric motorcycle game, especially when compared to American motorcycle companies like Zero and Harley-Davidson’s LiveWire. That’s why the company’s promise late last year of three new electric motorcycles to be launched in 2022 was received with such excitement. But now we’re getting word that the first of those
An oil flare burns at Repsol’s oil refining complex in Cartagena, Spain. Repsol was one of the top sellers of assets between 2017 and 2021 in EDF’s analysis. Bloomberg | Bloomberg | Getty Images Oil and gas giants are increasingly selling off dirty assets to private firms, amplifying concerns that the fossil fuel industry’s traditional
The investigation into lockdown-breaking parties in Downing Street and around Whitehall has concluded, the Met Police has announced. In all, police have made 126 referrals for fines relating to the partygate scandal – not all of which have yet been issued. Boris Johnson, his wife Carrie and Chancellor Rishi Sunak are among those that have