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
Oxygen on the missing Titanic submersible is expected to run out in hours, with hopes of finding the five people on board starting to fade. The vessel, named Titan, lost communication with tour operators on Sunday while about 435 miles south of St John’s, Newfoundland, during a voyage to the Titanic shipwreck off the coast
If the submersible now missing in the icy seas of the North Atlantic is still intact, the fate of the five men inside may rest on one crew member – a highly experienced mariner from France called Paul-Henri Nargeolet. Nargeolet knows the sea – the 77-year-old spent two decades in the French Navy, serving as
Trainers are big business. Helped by celebrity collaborations, social media, and one-of-a-kind special editions that get fans queuing up outside stores on launch day, they have perhaps never been as desirable a fashion item as they are today. I treat myself to the odd fresh pair, usually bought online with a cursory glance at the
Delays to HS2 announced by the government earlier this year in order to help ‘balance the books’ are likely to cost the taxpayer at least £366 million, according to new analysis exclusively leaked to Sky News. The government briefing also predicts the two-year pause to construction work on a key section is actually set to
Saudi Arabia’s sovereign wealth fund is selling its stake in McLaren, the supercar maker and Formula One team-owner, in a deal that will reinforce Bahrain’s status as the company’s biggest shareholder. Sky News has learnt that Mumtalakat, Bahrain’s state investment fund, will announce on Thursday that it is buying the preference shares in McLaren Group
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”
A French robot that can dive to a depth of 6,000 metres is due to arrive in the North Atlantic late on Wednesday and join the search for the missing submersible, Titan. The unmanned craft, called Victor 6000, has remotely controlled arms that can be used to cut cables or perform other manoeuvres to release
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
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
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
Deborah Dorbert traces her fingertip along four strips of grainy black and white images placed on a wooden kitchen table inside her home in Lakeland, Florida. It’s a small city, a short drive from Disneyworld. This was, initially, her own fairytale. The pictures are scans showing a baby growing inside her, a cherished second child
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
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.
Another of Prime Minister Rishi Sunak’s five key priorities for 2023 is in doubt as national debt reached 100% of GDP. The third of the government’s five targets is to reduce the national debt but official figures from the Office for National Statistics (ONS) showed it increased in May to the highest in more than
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