The Bank of England has shocked economists and investors by raising interest rates half a percentage point to 5% – the highest level since 2008. Economists had expected the Monetary Policy Committee to raise interest rates by only a quarter percentage point, but the MPC voted 7-2 for the surprise increase, explaining that it was
Month: June 2023
Tesla is an interested buyer of a small Germany-based wireless charging startup just as the automaker has indicated that it might launch its own EV wireless charger. Several companies have been working on wireless charging for electric vehicles in recent years, but the technology has never taken off. There are several issues with it. For
Brad Garlinghouse, chief executive officer of Ripple, speaks during the CoinDesk 2022 Consensus Festival in Austin, Texas, US, on Saturday, June 11, 2022. Jordan Vonderhaar | Bloomberg | Getty Images Blockchain company Ripple said Thursday it received in-principle regulatory approval to operate in Singapore, in a rare moment of good news for the cryptocurrency industry
Associated Press Jun 21, 2023, 08:40 PM ET ANAHEIM, Calif. — Los Angeles Angels infielder Gio Urshela is likely to miss the rest of the season with a broken pelvis. Angels manager Phil Nevin provided the update Wednesday on Urshela, who was enjoying a solid debut season for Los Angeles before he fell awkwardly at
Paolo Uggetti, ESPNJun 21, 2023, 01:08 PM ET The second LPGA major of the year returns to a course that the women’s game hasn’t been to since 1961. Baltusrol’s Lower Course in Springfield, New Jersey, was the site of the 1961 U.S. Women’s Open, where Mickey Wright won a prize of $1,800 with a score
Labour has unveiled a five-point plan to tackle the mortgage crisis – but Rishi Sunak is insisting that “beating inflation has to be the priority”. The Opposition and the prime minister were speaking ahead of the Bank of England preparing to hike interests rate yet again after inflation in the UK defied expectations and failed
The US Coast Guard searching for a missing submersible has said it doesn’t know what the “noises” are that have been detected – but it is expanding the search area. The area is now more than twice the size of the US state of Connecticut. A Coast Guard spokesman said they “need to have hope”
Japanese automaker Mazda Motor and Tesla’s primary battery cell supplier, Panasonic Energy, are in talks over establishing a battery partnership to power Mazda’s future EVs. Mazda and Panasonic discuss EV battery partnership The business leaders revealed Wednesday that they are discussing establishing a medium-to-long-term partnership to “meet demand for battery EVs and automotive batteries in
German energy prices are so high that some companies are considering leaving the country altogether, according to Siegfried Russwurm, head of the German Industry Federation (BDI). CNBC’s Annette Weisbach asked Russwurm whether the ongoing energy situation was “bad enough” for companies to relocate, to which he responded: “It is indeed.” “A lot of family-owned companies
The prime minister and his chancellor find themselves in something of a conundrum. They have committed themselves to halving inflation this year – without referring to the fact this is actually something the politicians outsourced to the Bank of England 25 years ago – even, if the chancellor is to be believed, this comes at
A man has been arrested after two people were stabbed at a hospital in northwest London. Armed officers responded after calls at 1.18pm that two had been stabbed at Central Middlesex Hospital. One of the victims has life-threatening injuries and a second has non-life threatening injuries. A man was arrested outside the hospital and is
The gates for Glastonbury 2023 have been officially opened – with some attendees setting off at 1.30am to secure a spot at the front of the queue. About 210,000 people are heading to Somerset for the festival, which will host film screenings, theatre performances and political speeches as well as live music. One of the
An interest rate rise by the Bank of England at midday is a nailed-on certainty – though opinions are split on the level of additional pain that could be imposed as efforts to curb the country’s inflation problem stumble. At the start of this week, policymakers were widely tipped to raise the base rate by
John Keim, ESPN Staff WriterJun 20, 2023, 12:51 PM ET Close John Keim covers the Washington Commanders for ESPN. He joined ESPN in 2013 after a stint with the Washington Post. He started covering the team in 1994 for the Journal Newspapers and later for the Washington Examiner. He has authored/co-authored four books. You can
Harry Styles delighted fans as he donned a Welsh flag during his Cardiff performance on Tuesday night. Styles is currently on his second tour, named Love On Tour, which began in November 2021. Some fans camped out for hours ahead of the former One Direction star’s forthcoming performance at Cardiff‘s Principality Stadium on Wednesday night.
China says comments by Joe Biden describing its leader Xi Jinping as a dictator are “extremely absurd and irresponsible”. The latest clash comes right after US Secretary of State Antony Blinken concluded a visit to Beijing that had sought to break the ice in what has become an increasingly strained international relationship. Issues such as
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