The FTSE 100 and other major European stock markets have taken a beating as concern over the health of US banks crosses the Atlantic. London’s blue chip index lost £75bn in combined market value by the close after suffering its deepest fall, on a points basis, since the early days of the COVID crisis. Sentiment
admin
Jeremy Hunt said the British economy is “proving the doubters wrong” and will avoid recession, as he delivered his first full budget speech to Parliament. The chancellor said the government’s plan for the economy was “working” as he announced what he called a “budget for growth”. He said forecasts from the Office for Budget Responsibility
The chancellor has announced the budget for 2023. The UK will now not enter a technical recession this year, the independent forecasters, the Office for Budget Responsibility (OBR) has said. Inflation will more than halve and reduce to 2.9% by the end of the year, the OBR expects. Budget live:The announcements as they happen Here
A Russian aircraft has been intercepted by British RAF and German fighter jets after it was identified near NATO airspace. Two Typhoon jets – one British and one German – reacted to the Russian aircraft after it failed to communicate with Estonian air traffic control close to the NATO nation’s airspace. The Ministry of Defence
Weeks after teasing the public with a peek at its shadowy exterior, Kia has finally shared its first official images of its upcoming EV9 SUV both inside and out. Described with an “opposites united” design philosophy, this all-electric SUV looks like it will offer plenty of space inside and atop Hyundai Motor Group’s E-GMP platform
Wall Street mounted a relief rally Tuesday, following three straight sessions dominated by the woes of now-collapsed Silicon Valley Bank. Confronted with the ensuing spike in market volatility, we sought to be discerning with our Club portfolio and, eventually, opportunistic in stocks that we felt unreasonably sank. The S & P 500 climbed roughly 1%
The special prosecutor handling the case against Alec Baldwin for the shooting of cinematographer Halyna Hutchins on the set of the movie Rust has stepped down. Andrea Reeb announced the decision a month after Baldwin’s lawyer filed a motion to remove her because she is also a representative in the state legislature. The actor’s team
Prime Minister Rishi Sunak has said he hopes the BBC can resolve its row with Gary Lineker in a “timely manner” and that the dispute is “rightly a matter for them and not the government”. Mr Sunak then reiterated the government’s stance on ‘stopping the boats’ before finishing the statement by saying “I know not
CNN’s Kylie Atwood reports on the emotional hearing that took place on Capitol Hill about the chaotic US withdrawal from Afghanistan. #CNN #News
Hollywood actress Eva Green “contemplated faking a broken arm” to avoid appearing in a later-abandoned sci-fi movie, the High Court has been told. Green also suggested pretending she had been hospitalised with a “serious rash” so she didn’t have to perform, the court was told. Further messages from the French actress, who has appeared in
In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT Sam Altman, CEO of OpenAI, walks from lunch during the Allen & Company Sun Valley Conference on July 6, 2022, in Sun Valley, Idaho. Kevin Dietsch | Getty Images News | Getty Images OpenAI announced the latest version of its primary large language model, GPT-4,
The chancellor will promise to provide 30 hours of childcare a week to parents of one and two-year-olds, Sky News has learned. The multi-billion pound announcement is set to be made in today’s “back to work” budget. Families with children aged one and two do not currently receive support after parental leave ends and before
A diplomatic row has erupted between Washington and Moscow after US forces accused a Russian jet of “recklessly” colliding with one of its drones, causing it to crash into the Black Sea. Russia denied involvement, with a senior figure describing the episode as a “provocation”. The incident has demonstrated the increasing risk of a direct
In a decade where the world has faced a global pandemic, the threat of nuclear war, and a rise in the cost of living – a man in the US claims he has encountered another crisis to add to the mounting list of problems facing our species. Aimen Halim is suing the restaurant chain Buffalo
Mar 14, 2023 ESPN News Services Seven-time NASCAR champion Jimmie Johnson said Tuesday he will drive the No. 84 Chevrolet in NASCAR’s March 26 race at the Circuit of the Americas and the May 28 Coca-Cola 600 as part of his limited race lineup this season. Johnson returned to NASCAR this season after a two-year
Tempting as it is to believe that the chaos with Silicon Valley Bank and its British arm are of interest only to members of the tech community and financial nerds, it has already had a very real bearing on all our lives. For evidence, look no further than the money markets, where investors bet on
After the debacle of Liz Truss’s September mini-budget, with all its mega ramifications, and an autumn statement eight weeks later that performed an about-turn so big that the country’s tax burden hit a 70-year-high, Wednesday’s budget will be all about stability and sticking to the plan. “No big bangs in this budget,” is how one
In this article META Follow your favorite stocksCREATE FREE ACCOUNT Facebook Chairman and CEO Mark Zuckerberg testifies before the House Financial Services Committee on “An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors” in the Rayburn House Office Building in Washington, DC on October 23, 2019. MANDEL NGAN | AFP
Tesla and BYD have developed into unlikely partners lately. A media report questioned that, but both Tesla and BYD have come out and said that their partnership is continuing. The two companies didn’t use to be on friendly terms. There was a time when they didn’t take each other very seriously; there’s an infamous interview
Meta, the owner of Facebook and Instagram, is axing another 10,000 jobs to cut costs. The company said on Tuesday it will reduce the size of its recruiting team and make further cuts in its tech groups in late April, and then its business groups in late May. “We expect to reduce our team size