The first interest rate cut since the start of the COVID pandemic is good news – but experts are warning of a hard slog back towards more comfortable borrowing cost levels. The Bank of England had raised Bank rate 14 consecutive times from December 2021 to try and keep a lid on a surge in
The Bank of England has cut interest rates by a quarter percentage point to 5%. The Bank’s nine-member Monetary Policy Committee (MPC) voted five to four to bring borrowing costs down, bringing to an end the joint-longest plateau for rates since the Bank was granted independence in 1997. Lower interest rates will instantly be reflected
The Shell logo is displayed outside a petrol station in Radstock in Somerset, England, on Feb. 17, 2024. Matt Cardy | Getty Images News | Getty Images British oil giant Shell on Thursday posted stronger-than-expected second-quarter profit despite lower refining margins and weaker liquified natural gas trading. The oil and gas major reported adjusted earnings
Sir Keir Starmer is holding an emergency meeting with senior police leaders following violent protests in the wake of the Southport stabbings. The prime minister will offer the government’s full backing to emergency service workers following outbreaks of violence in Southport, London, Hartlepool and Manchester this week. Sir Keir will meet senior police leaders on
Photo: United States Department of Energy – Image N1D0069267., Public Domain, via Wikimedia The US Department of Energy (DOE) plans to build a 1 GW solar farm on a former top-secret Manhattan Project nuclear site in Washington State. The DOE’s plan is to work with Hecate Energy to repurpose the Hanford Site, an 8,000-acre federal
YouTube star MrBeast has acknowledged that he used inappropriate language early in his online career. MrBeast, whose real name is Jimmy Donaldson, has been accused of making racist comments, while his long-time collaborator was alleged to have made inappropriate comments to minors. The 26-year-old’s YouTube career is reportedly worth $700m (£545m), with his content mainly
Jeff Kassouf Jul 31, 2024, 04:25 PM ET Time is not the enemy, U.S. women’s national team head coach Emma Hayes has consistently said. Time is simply a circumstance — one she cannot fight against. The new coach had just four friendly matches and less than two months on the sidelines with the USWNT to
Microsoft CEO Satya Nadella, right, greets OpenAI CEO Sam Altman during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. Justin Sullivan | Getty Images News | Getty Images Microsoft‘s relationship with OpenAI has officially become more complicated. On Tuesday, Microsoft added the artificial intelligence startup to the list of competitors in the
Israel’s prime minister has warned aggressors face a “heavy price” – after separate strikes killed the political leader of Hamas and a senior Hezbollah commander. Hamas and Iran’s Revolutionary Guards confirmed Ismail Haniyeh had been assassinated in the Iranian capital Tehran on Wednesday morning. Although the strike is widely assumed to have been carried out
The man accused of being the mastermind behind the 9/11 attacks and his two co-defendants have agreed to plead guilty, say US officials. Khalid Sheikh Mohammed, Walid bin Attash and Mustafa al-Hawsawi are expected to enter the pleas at the military commission at Guantanamo Bay as soon as next week. According to prosecutors quoted by
An oil pump jack is shown in a field on June 27, 2024 in Stanton, Texas. Brandon Bell | Getty Images News | Getty Images Brent futures topped the $80-per-barrel-threshold on Wednesday, as Iran’s claim that Hamas political leader Ismail Haniyeh was assassinated reignited tensions in the Middle East. The Ice Brent contract with September
Today, Audi unveiled its new A6 e-tron electric sedan with Sportsback and Avant versions, expanding its already extensive EV lineup. Audi has revamped its naming convention to have pair numbers being electric vehicles and odd numbers being internal combustion engine vehicles. With its EV rollout, the German automaker has mainly focused on SUVs with the
U.S. Vice President Kamala Harris speaks at a campaign rally at the Georgia State Convocation Center in Atlanta on July 30, 2024. Elijah Nouvelage | AFP | Getty Images After Donald Trump, the Republican nominee for president, gained the vocal support of a slice of the tech investing world, a large group of venture capitalists
Culture Secretary Lisa Nandy will hold an urgent meeting with BBC boss Tim Davie over his handling of the Huw Edwards case. Edwards, who was the BBC’s highest-paid newsreader before he resigned in April, pleaded guilty to three counts of making indecent images of children on Wednesday. Questions have been raised over the BBC’s handling
Former BBC newsreader Huw Edwards was arrested after officers seized the phone of a paedophile and found the two men had participated in a WhatsApp exchange, police have said. Edwards, who was the BBC’s highest-paid newsreader before he resigned in April, pleaded guilty to three counts of making indecent images of children at Westminster Magistrates’
A 17-year-old boy has been charged with murder and attempted murder after a mass stabbing in Southport. Three children, six-year-old Bebe King, seven-year-old Elsie Dot Stancombe, and nine-year-old Alice Dasilva Aguiar, died as a result of the attack at The Hart Space community centre. A “Taylor Swift Yoga and Dance Workshop” aimed at children aged