The overnight fall in the value of the pound, descending to its lowest level against the dollar since decimalisation in 1971, matters because of what it says about global market confidence in the UK economy. The plunge in sterling’s value, against a backdrop of a strong dollar globally, gathered speed on Friday following the publication
A man has opened fire on an enlistment centre and another recruitment office has been attacked with Molotov cocktails – after Vladimir Putin ordered the conscription of at least 300,000 men in Russia. The violence comes as the first tranche of people ordered to report for duty arrive at military bases, and it follows a
The Bank of England says it “will not hesitate to change interest rates as necessary” after markets reacted badly to the chancellor’s tax-cutting mini-budget. In a statement, the Bank said it was “monitoring developments in financial markets very closely in light of the significant repricing of financial assets”. It came after the pound fell to
The pound has fallen to a record low against the dollar, sparking market speculation that the Bank of England may be forced to intervene. A statement from the bank was expected later on Monday after sterling slipped by nearly 5% earlier in the day to $1.0327 – building on fresh 1985 lows seen on Friday
The Royal Navy’s flagship HMS Queen Elizabeth has arrived in New York for its deployment to the United States to host an Anglo-American military conference. The ship dropped anchor within sight of the Statue of Liberty in New York Harbour yesterday. It set sail for the US from Portsmouth on 7 September in place of
Huck Cycles, a North Carolina electric moped maker, is finding that its off-road optimized electric moped is actually proving quite popular for city riders as well. It’s a surprising finding, considering the bike was originally designed for hunters, campers and other outdoor enthusiasts that wanted a powerful but (relatively) lightweight electric two-wheeler. The bike was
U.S. Senate Majority Leader Chuck Schumer (D-NY) speaks to the media after the 51-50 vote passed the “Inflation Reduction Act of 2022” on Capitol Hill in Washington, D.C., U.S. August 7, 2022. Ken Cedeno | Reuters The Senate has voted to ratify a global climate treaty that will phase down the use and production of hydrofluorocarbons,
11:54 AM ET Associated Press MIAMI — Don Mattingly wants what’s best for the Miami Marlins, what’s best for him and what’s best for his family. And he decided that means it’s time to move on. Mattingly will not be back as manager of the Marlins next season, announcing Sunday that he and team officials
Rihanna will perform at the next Super Bowl halftime show, the NFL has announced. The 34-year-old singer shared a photo of her hand holding an American football on Instagram and Twitter. Soon afterwards it was reposted by her record label, Roc Nation, the NFL and Apple Music, which confirmed the news in a tweet. Apple
Rapper Post Malone was admitted to hospital after suffering “breathing difficulties” and has been forced to postpone a gig. The US singer had to cut short a gig he was playing in St Louis, Missouri, last week after he fell into a “hole” for crew and equipment at the edge of the stage and winded
Labour will pledge to “build British industry” through the use of a state-owned investment fund during the second day of the party’s conference in Liverpool on Monday. In her speech tomorrow, Rachel Reeves, the shadow chancellor, will set out the party’s industrial strategy, which includes promises to invest in national projects from battery factories to
Mahsa Amini, the young woman whose death in police custody has prompted mass protests in Iran, was “tortured and insulted” before she died, her cousin has said. In an exclusive interview with Sky News, Erfan Mortezaei told Sky News about what happened to his cousin and how she has become the “voice of the anger
A freed British prisoner of war who was held by Russian-backed separatists has told Sky News how he was tortured over several days. John Harding said he was used as a “punching bag” by the guards in a holding facility in the self-declared Donetsk People’s Republic in eastern Ukraine. The centre was run by the
Sep 24, 2022 Associated Press BENSALEM, Pa. — Taiba won the $1 million Pennsylvania Derby by three lengths on Saturday for Hall of Fame trainer Bob Baffert. Ridden by Mike Smith, Taiba ran 1 1/8 miles in 1:48.67 and paid $4.80, $3 and $2.60. It was Baffert’s fourth win in the Grade 1 event at
This week on Electrek’s Wheel-E podcast, we discuss the most popular news stories from the world of electric bikes and other nontraditional electric vehicles. This time that includes news about Harley-Davidsons electric motorcycles and electric bicycles, a new two-seater shared e-bike from Veo, e-bike reviews, e-bike anti-theft tips, Zero’s new long range adventure electric motorcycle, and lots
Tesla electric cars photographed in Germany on March 21, 2022. According to the International Energy Agency, electric vehicle sales are on course to hit an “all-time high” this year. Sean Gallup | Getty Images News | Getty Images Electric vehicle sales are on course to hit an all-time high this year, but more work is