Uk Faces Worst and Longest Recession in G7 Say Economists
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Revised figures confirm UK ended 2023 in recession
Official data shows the economy contracted during the last two quarters of last year.BBC News - Top stories - United Kingdom -
UK Confirmed in Recession at End of 2023
U.K. gross domestic product shrank 0.3% between October and December, with the economy hit by high inflation and interest rates that stifled household spending.The Wall Street Journal - World - United Kingdom -
Economist Claudia Sahm created one of the most accurate recession predictors. Here’s why she’s getting worried.
Sahm has been calling on the Fed to cut interest rates since December.MarketWatch - Business -
Official data confirms UK economy slipped into recession last year
Figures offer little cheer to Rishi Sunak as his Conservative party trails heavily in opinion pollsFinancial Times - World - United Kingdom -
UK found to offer worst-value housing of advanced economies
Think-tank says British pay more and get less than people in other economies with similar incomesFinancial Times - Business - United Kingdom -
Ending 6% commissions could create a ‘Venus flytrap situation’ for home buyers, economist says
A proposed settlement announced by the National Association of Realtors could quickly saddle home buyers with additional costs, one professor said.MarketWatch - Business -
Don't sweat the prospect of no Fed rate cuts, economist says — markets will still march higher
Markets will continue to rally even if the Fed chooses not to cut interest rates this year, according to Steven Blitz, TS Lombard's chief U.S. economist.CNBC - Business - Federal Reserve -
Three Fed interest-rate cuts this year? Yes, top banking economists say.
Top economists at big U.S. banks predict the Federal Reserve will cut interest rates three times this year — with the first reduction in June — even though inflation is unlikely to slow much further in 2024.MarketWatch - Business - Federal Reserve -
Sudan is on course to become the world's worst hunger crisis, with children already dying, UN says
Yahoo News - World -
South Africa Has Many of World’s Worst Air Pollution Sites, Study Says
Yahoo News - World -
UK approach to China is 'robust', Sunak says
It comes after some MPs criticised the response to cyber-attacks blamed on Beijing-linked hackers.BBC News - Top stories - United Kingdom -
Details of millions of UK voters accessed by Chinese state, ministers will say
Deputy prime minister Oliver Dowden to update MPs on cyber-attacks by Beijing, some of whom may also have been targets. The personal details of millions of voters are believed to have been accessed in an attack by China on Britain’s democratic ...The Guardian - World - United Kingdom -
UK democratic rights under threat, says government adviser on social cohesion
Disinformation, extremism and intimidation are stifling free speech in public life, warns Dame Sara Khan.Financial Times - World - United Kingdom -
Fritzl could never come to UK, says home secretary
James Cleverly responds to claims the Austrian sex offender would like to live in the UK if he is ever freed.BBC News - Top stories -
UK farmers in tractors head to Parliament to protest rules they say threaten livelihoods
Yahoo News - World - United Kingdom -
Tory MPs urge tougher action on China after cyber-attacks
Senior Tories say ministers not holding China to account after Beijing targeted elections watchdog and politicians. Tory MPs have urged ministers to take a tougher approach towards China after the security services confirmed Beijing-backed hackers ...The Guardian - World - China -
UK politicians should use ‘disappearing messages’ on devices, says GCHQ
Fresh guidance from a branch of the signals intelligence agency comes after government blames China for cyber attacksFinancial Times - Business - United Kingdom -
Assange judges seek no death penalty pledge from US
Court postpones decision on the Wikileaks founder's case to give the US time to make assurances.BBC News - Top stories -
UK politicians need to get over Brexit and prioritise trade, say businesses
Britain’s reputation as an investment partner demands urgent work, BCC warnsFinancial Times - Business - United Kingdom -
UK borders watchdog says visa regime put care workers at risk
David Neal, sacked last month, says Home Office did not understand sector and left migrants open to exploitationFinancial Times - World - United Kingdom -
UK faces difficult and expensive choice over ‘essential’ nuclear deterrent
Ageing submarine fleet is overstretched, replacement boats are years late and costs have mushroomedFinancial Times - Business - United Kingdom -
UK investigating claims Hamas attack survivors faced antisemitic abuse at airport
Two Israeli brothers, who were at Nova Music Festival, say they were detained by Border Force at Manchester airport. The Home Office is investigating allegations that two Israeli survivors of the 7 October Hamas terror attacks were subjected to ...The Guardian - World - United Kingdom -
Thousands gather in Cairo for Egypt's longest Iftar table
Thousands of people gathered in the Matareya neighborhood of Cairo, Egypt, to break their Ramadan fast together at the longest Iftar table in the country. The tradition began years ago when locals wanted to celebrate together but did not have ...CBS News - Top stories -
Forecasts for German economy see stagnation, or recession, in 2024
Yahoo News - World -
Europe’s longest hyperloop test track revives futuristic tube transport hype
Operators hope newly opened Dutch track will help prove feasibility of high-speed shuttle system. The longest hyperloop test track in Europe has opened, raising faint hopes once more that the maglev meets vacuum tube transport technology could be ...The Guardian - World -
Moscow concert hall attack: Russian day of mourning as UK says Kremlin creating ‘smokescreen of propaganda’ – latest news
Russians lay flowers and light candles outside Crocus concert hall as senior minister says UK has little confidence in Russia’s statements on the attack. Pope Francis has condemned the shooting attack at the concert hall near Moscow as a “vile” ...The Guardian - World - Russia -
Six in 10 in UK poll say descendants of enslaved people owed formal apology
Survey finds varying support for apology from government, firms that profited from slavery, and royal family. Six in 10 people in Britain believe Caribbean nations and descendants of enslaved people should receive a formal apology from the ...The Guardian - World - United Kingdom -
Russia's Black Sea Fleet is 'functionally inactive' after being pummeled hard by Ukraine, UK says
Yahoo News - World - United Kingdom -
Chinese ‘state-affiliated’ organisations behind cyber-attacks on MPs and Electoral Commission, Dowden says – UK politics live
Deputy PM says international partners, including the US, will also be making statements today about similar Chinese cyber-attacks . Andrew Bowie, the energy minister, said the government should have revived investment in nuclear energy “years ago” ...The Guardian - World - United Kingdom -
UK court says Assange can't be extradited on espionage charges until US rules out death penalty
A British court says Julian Assange can’t be extradited to the U.S. on espionage charges unless U.S. authorities guarantee he won’t get the death penaltyABC News - Tech - United Kingdom -
Russia-Ukraine war live: 200,000 without power in Ukraine since Friday; Nato could ‘shoot down Russian missiles near borders’
Attack on energy infrastructure on last week still causing blackouts; Poland’s deputy foreign minister warns Russia of consequences if missiles enter territory. The Kremlin has refused to be drawn on whether it believed there was a link between ...The Guardian - World - Ukraine -
AI ‘apocalypse’ could take away almost 8m jobs in UK, says report
Women, younger workers and lower paid are at most risk from artificial intelligence, says IPPR thinktank. Almost 8 million UK jobs could be lost to artificial intelligence in a “jobs apocalypse”, according to a report warning that women, younger ...The Guardian - World - Artificial Intelligence -
Labour has 99% chance of forming next government, says elections expert – UK politics live
Prof Sir John Curtice, the psephologist and lead election analyst for the BBC, said the chances of a Tory revival were small. In the House of Lords peers have just started debating the second reading of the leasehold and freehold reform bill. The ...The Guardian - World - United Kingdom -
UK car exports to Canada face 6% tariffs within days as trade dispute deepens
Allies in stand-off on how much EU content can be in vehicles as post-Brexit deal runs outFinancial Times - Business - United Kingdom -
Dalio Says China Must Fix Debt Problems or Face ‘Lost Decade’
Yahoo News - World - China -
Ukraine aid in limbo as Congress begins two-week recess
Speaker Mike Johnson is expected to turn the House's attention to addressing supplemental funding for U.S. allies, including Ukraine, when the chamber returns. But the path forward for the speaker is treacherous.CBS News - Politics - Ukraine -
How Sam Bankman-Fried’s 25-year sentence compares to Bernie Madoff and Elizabeth Holmes’s jail time
As much as $10 billion in customer deposits went missing from FTX, Bankman-Fried’s crypto-trading platform, as a result of his fraud.MarketWatch - Business -
Climate graphic of the week: World’s worst hotspot for oil pollution by ships
Satellite detection shows Indonesia suffers the most slicks tracked in busy waterwaysFinancial Times - World - Climate -
New cars are now 'the worst' products when it comes to protecting consumer data
With all new car models headed for internet-connectivity, the auto industry is developing a reputation as the "worst" for consumer privacy with driver data.CNBC - Business -
Haiti gang wars push hunger to worst levels on record
Almost half of Haiti’s people are struggling to feed themselves as gang violence spreads across the country, with several areas close to famine, international organizations said on Friday.NBC News - Top stories