Rachel Reeves Faces Whitehall Revolt over Spending Cuts
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Apple Faces $1.8 Billion Lawsuit in U.K. Court Over App Store
Lawyers representing the class action said that Apple excluded potential rivals from competing for customers on devices running its iOS operating system by forcing developers to sell their apps ...The Wall Street Journal - 1d -
Reeves defends herself after market turbulence
The chancellor says it is "not reasonable to suggest" she was at fault for the recent market nervousness.BBC News - 14h -
Small-cap stocks face heightened risk with rate cuts in question, warns BofA
The recent selloff in small-cap stocks left the Russell 2000 index in correction territory.MarketWatch - 1d -
"Ms. Rachel" shares new books and her journey to becoming a toddler sensation
Rachel Accurso, known as "Ms. Rachel," joins "CBS Mornings" to talk about her new books "100 First Words," "My First Coloring Book," and "Potty Time with Bean." Known for her educational YouTube ...CBS News - 1d -
Apple to face court over claims it overcharged UK users on App Store
Class action alleges company is abusing its dominant position in the app market and 30% fee breaches laws. Business live – latest updates Apple will appear in court on Monday accused of ...The Guardian - 1d -
Spike in UK borrowing costs raises specter of public spending cuts
Former U.K. Finance Minister Vince Cable told CNBC on Friday that the UK was not in an "emergency panic situation," but was stuck in a low-growth trap.CNBC - 1d -
Reeves 'to wage war on waste' and 'Nine-jobs Nigel'
"Growing disquiet" in the Labour Party and Nigel Farage's "side-hustles" lead Sunday's newspapers.BBC News - 3d -
Democratic officials facing questions, criticism from Los Angeles area residents over fire response
On Saturday, Los Angeles Mayor Karen Bass and L.A. Fire Department Chief Kristin Crowley presented a united front at a press briefing, following reports the mayor had dismissed the chief over her ...CBS News - 3d -
Reeves defends China visit and hails £600m boost to UK
The chancellor has been criticised for making the trip while the government is under pressure from rising borrowing costs.BBC News - 3d -
Reeves seeks to revive City of London links with China
Chancellor to promote closer ties between London and Shanghai stock exchanges while on Beijing tripFinancial Times - 4d -
Elected officials in California facing criticism over wildfire response
At least 10 people are dead and over 300,000 have been ordered or warned to evacuate as wildfires continue to devastate parts of Southern California. Some residents have been quick to blame ...CBS News - 4d -
Mortgage rates are not rising yet but Reeves has to act
Why Rachel Reeves needs a more detailed growth strategy - and soon.BBC News - 4d -
Reeves faces 'difficult decisions' on tax and spending
The warning from a former Bank of England official comes in the wake of rising UK borrowing costs.BBC News - 4d -
Questions mount over budget cuts made ahead of L.A.-area wildfires
Los Angeles city leaders are facing mounting questions over whether the city was prepared as the wildfires, including the Palisades Fire, broke out. L.A. Mayor Karen Bass is also facing criticism ...CBS News - 4d -
Whitehall braced for spending cuts after UK hit by bond market turmoil
Rising gilt yields mean government departments may face further squeezeFinancial Times - 4d -
Los Angeles mayor faces backlash over wildfires
Los Angeles Mayor Karen Bass repeatedly dodged questions about her leadership and alleged lack of initial presence during the ongoing wildfires affecting the area.ABC News - 5d -
Pound falls to 14-month low as bond sell-off piles pressure on Rachel Reeves
UK borrowing costs rise again, with analyst warning ‘things are also getting rather ugly’. Business live – latest updates The pound has fallen to a 14-month low against the US dollar as the ...The Guardian - 5d -
Rachel Reeves heads to China to build bridges, but a new golden era of relations is impossible
Seeking business partners post-Brexit is sound policy, but even in these darker geopolitical times the UK will ultimately side with the US. Rachel Reeves will fly with a delegation of City grandees ...The Guardian - 5d -
The Papers: 'Apocalypse' LA and 'Reeves faces extra tax rises'
Wednesday's headlines include wildfires in LA and economists warning of rising government borrowing costs.BBC News - 6d -
Tax Cuts or the Border? Republicans Wrestle Over Trump’s Priorities.
President-elect Donald J. Trump has waffled on his preferences for how his party tackles his agenda, adding to the uncertainty for Republicans.The New York Times - 6d -
Albertsons leans on technology and cost cuts to go it alone — but faces this near-term hurdle
With no Kroger merger to rely on, grocery chain Albertsons said it would lean into an array of initiatives to drive growth.MarketWatch - 6d -
Lloyds Banking Group’s branch shake-up fuels concern over closures and job cuts
Company’s customers across Halifax, Bank of Scotland and flagship brand to be allowed to use others’ premisesFinancial Times - 6d -
Whitehall estimates child sexual abuse compensation could hit £10bn
Starmer has criticised previous Conservative government for not implementing recommendations of 2022 Jay reviewFinancial Times - 6d -
Has the bond market turned against Rachel Reeves?
Rising UK borrowing costs raise risk that chancellor will have to impose tighter fiscal policy as soon as MarchFinancial Times - 6d -
Fed Minutes May Show Why More Rate Cuts Will Face Hurdles
After a quarter-point cut in December, Chairman Jerome Powell said policymakers may be more cautious, since the incoming administration will create more uncertainty.Inc. - 6d -
Met to face inquiry over handling of Mohamed Al Fayed allegations
Internal inquiry, overseen by IOPC, will seek to establish if there were ‘any missed opportunities or failures’. The police watchdog is to examine new complaints from victims of Mohamed Al Fayed ...The Guardian - 6d -
Heads say they face tough choices on school spending as costs rise
A new report says schools in England may have to make cuts to meet pupils' needs and cover pay rises.BBC News - Jan. 8 -
Faisal Islam: Soaring UK borrowing costs are a problem for Rachel Reeves
The Chancellor may face the prospect of breaking her own Budget rulesBBC News - Jan. 7 -
Sources: A's keep spending with Rooker extension
Designated hitter Brent Rooker and the Athletics are in agreement on a five-year, $60 million contract extension, sources told ESPN, continuing a winter of uncharacteristic spending with a ...ESPN - Jan. 7 -
Taiwan holds military drills as concerns rise over possible defense budget cut
Taiwan is beginning three days of military drills as concerns rise over potential cuts to the island's defense budgetABC News - Jan. 7 -
France signals fewer spending cuts and tax rises ahead of budget talks
Economy minister seeks to ‘protect growth’ with slightly higher deficit target for 2025Financial Times - Jan. 6 -
Israel faces mounting pressure over detention of Gaza hospital chief after raid
Israel faced mounting pressure Saturday over its detention of Gaza hospital chief Dr. Hussam Abu Safiya, during a raid on Kamal Adwan hospital.NBC News - Jan. 4 -
Microsoft expects to spend $80 billion on AI-enabled data centers over next 12 months
Microsoft plans to spend $80 billion in fiscal 2025 on the construction of data centers that can handle artificial intelligence workloads, the company said in a Friday blog post.NBC News - Jan. 3 -
Mike Johnson re-elected as House speaker after brief Republican revolt – live
Incumbent speaker swayed two members who initially voted against him, giving him 218 votes to win over Democrat Jeffries’ 215 votes. Mike Johnson secures US House speakership after facing ...The Guardian - Jan. 3 -
Bacon knocks Musk over spending bill claims: 'What he said was not true'
Rep. Don Bacon (R-Neb.) criticized Elon Musk on Thursday over false claims he levied against a proposed year-end funding package last month, successfully torpedoing the bill and forcing Congress to ...The Hill - Jan. 3 -
Boxing predictions for 2025: Amanda Serrano gets closure with Katie Taylor; fresh faces take over P4P top five
Here's what our experts see as possibilities in the new year for boxingCBS Sports - Jan. 2 -
US rapper Ice Spice faces fan backlash over ‘disrespectful’ five-minute appearance at Brisbane gig
Fans at the New Year’s Eve Wildlands festival, which cost up to $242 a ticket, were disappointed after the headline act was 25 minutes late for her 30-minute set. Get our breaking news email , ...The Guardian - Jan. 2 -
Russian and Iranian groups face sanctions over election disinformation
The U.S. has imposed sanctions on two groups linked to Russian and Iranian disinformation campaigns targeting this year's election.CBS News - Dec. 31 -
GamesBeat writer Rachel Kaser’s Top 5 Games of 2024
GamesBeat news writer Rachel Kaser lists the games of 2024 that she most enjoyed and which she found to be the best experiences.VentureBeat - Dec. 31