Official data shows government borrowing in July was above expectations and at its highest since the pandemic. The Office for Budget Responsibility (OBR) expected borrowing to be £46.6bn – instead it reached £51.3bn. Our economics and data editor Ed Conway joins Niall Paterson to talk about the unexpected rise in government borrowing and Chancellor Rachel
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Traders work on the floor of the New York Stock Exchange during morning trading on August 20, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no
On today’s episode of Quick Charge, we take a break from watching the DNC’s coronation party to talk about Chinese EV trade wars, Tesla Semi trucks on fire in California, and Rivian making Normal even better than it already is. We also talk about Uber’s big executive coup and the first ever floating offshore wind research lease
Tim Walz’s wife has confirmed she did not use IVF to have their daughter, as the Democrat’s rival JD Vance accused him of lying about the fertility treatment the couple underwent. Mr Walz, the Democratic vice presidential nominee for November’s US election, had previously suggested he and his wife Gwen had undergone IVF to conceive
An aerial view of new BYD electric cars to be exported on a dock in Yantai in east China’s Shandong province. Tang Ke | Future Publishing | Getty Images The Chinese government on Wednesday hit out at the European Union over tariffs on electric vehicle imports, after the bloc lowered duties on several major electric
A murder investigation has been launched after a delivery driver died trying to stop the alleged theft of his van in Leeds. West Yorkshire Police said the victim, who is aged in his forties and has not been named, delivered a package at about 6.45pm on Tuesday and returned to his van to find a
Masked police have raided properties owned by Andrew Tate amid new allegations of trafficking minors and sex with a minor. Romania’s organised crime agency DIICOT said it was searching four homes in the counties of Bucharest and Ilfov. The controversial influencer is currently awaiting trial on charges of human trafficking, rape and forming a criminal
Elon Musk, the influential figure behind SpaceX, has expressed a pragmatic view on the timeline for human colonization of Mars. Speaking at the Satellite 2020 conference, Musk noted the slow pace of advancements in space exploration, he may not live to see a sustainable Martian settlement. Despite SpaceX’s strides, such as successful Falcon 9 and
Researchers have made a significant breakthrough that may help save the world’s bananas from a disease threatening their existence. The disease in question, fusarium wilt, has already devastated various banana types in the past, including the Gros Michel variety in the 1950s. The Cavendish banana, the most common variety consumed globally today, is now facing
“I feel sorry for all these people who’ve spent thousands of pounds going to drama school,” muses Kneecap’s DJ Provai. His bandmate Mo Chara finishes his sentence. “They must be raging after getting all their daddy’s money – thirty grand for their diplomas, and we just mosey on in and maybe get nominated for an
BBC presenter Lauren Laverne has revealed she is undergoing treatment for cancer. The star, 46, who presents Desert Island Discs on Radio 4 and has been a regular DJ on BBC channels for many years, thanked her doctors and family as she explained what had happened in a post on Instagram. Sharing the news while
Government borrowing rose to the highest amount since the pandemic in July, official figures show. Not since 2021 has there been a July with such high borrowing, according to data from the Office for National Statistics (ONS). It means that there was a £3.1bn difference between what the government took in from things like taxes
Barack Obama has warned the sequel is “usually worse” than the first movie as he and Michelle Obama tried to rally their party in the race against Donald Trump. Speaking on the second night of the Democratic National Convention, Mr Obama said the country does not need another four years of “bluster” and “chaos”. “We
Mike Coppinger, ESPN Boxing InsiderAug 20, 2024, 07:06 PM ET Close Mike Coppinger has covered boxing since 2010 with roles at USA Today, Ring Magazine and The Athletic before he joined ESPN in 2021. You can follow him on Twitter: @MikeCoppinger Open Extended Reactions Shakur Stevenson will defend his WBC lightweight title against Joe Cordina
U.S. crude oil futures held steady above $74 per barrel Tuesday, after selling off in the previous session amid demand worries in Asia and cease-fire talks in the Middle East. “We are seeing oil prices mean reverting on the back of frankly a lot more supply but also softer demand,” Francisco Blanch, commodity strategist at
Rivian (RIVN) is losing its vice president of manufacturing, Tim Fallon, to Jeep, Dodge owner Stellantis (STLA) to spearhead its upcoming EV offensive in the US. Rivian loses EV manufacturing boss to Jeep, Ram For the past two years and seven months, Fallon has helped Rivian scale the output of not one but three electric