Israeli budget hikes military spending, VAT, cuts social services

Satellite images show damage from Israeli attack at Iranian military bases

There were no Israeli strikes on Iran's oil industry, nor its nuclear enrichment sites or its nuclear power plant at Bushehr.

Welsh councils plan cuts to plug £500m budget gap

Cuts to services loom as Welsh councils face a £500m budget gap.

Reeves cuts National Wealth Fund budget despite UK investment drive

Chancellor’s decision comes as government seeks to work with private sector to decarbonise economy

Business - Financial Times - October 14

Liz Kendall expected to retain £1.3bn cut to UK sickness benefits in Budget

Move by work and pensions secretary likely to cause concern among disability rights activists

World - Financial Times - October 17

The UK Budget in five charts: Reeves limits BoE space for rate cuts

Central bank is nevertheless still likely to ease policy this year and next

Business - Financial Times - 2 days ago

Middle East crisis live: Israeli military says it is carrying out strikes on military targets in Iran

IDF spokesman says strikes are a response to ‘months of continuous attacks from the regime in Iran’, as blasts reported in Tehran and nearby city of Karaj. Lebanon’s health minister, Firass Abiad ...

World - The Guardian - 6 days ago

Russia's central bank raises interest rate to 21% to fight inflation boosted by military spending

Russia’s central bank has raised its key interest rate by two percentage points to a record-high 21% in an effort to combat growing inflation

World - ABC News - October 25

Major airlines are cutting services to China or quitting entirely amid low travel demand, high costs

A new report from travel news site Skift shows that seven major airlines have retreated from the country in the past four months.

Business - CNBC - October 25

Trump plan would make Social Security insolvent in just 6 years, budget group says

Republican Donald Trump and Democrat Kamala Harris have both vowed not to cut the popular government programs Social Security and Medicare.

Business - CNBC - October 21

Budget 2024: Reeves reveals £40bn in tax rises as she promises to rebuild public services

Chancellor announces increases in taxation for businesses and the wealthy, and more money for the NHS and schools. Autumn budget live: latest news updates Budget 2024: key points at a ...

World - The Guardian - 2 days ago

UK Treasury chief Rachel Reeves unveils budget with 40 billion pounds in tax hikes, says she'll “invest, invest, invest”

World - ABC News - 2 days ago

Elon Musk asks voters to brace for 'hardship' as billionaire plans deep spending cuts from potential Trump cabinet post

In the home stretch of the 2024 election, voters who’ve been weighing both campaigns’ proposals to tackle living costs are now hearing a new pitch from the Republican side: accept some short-term ...

Possible Trump Treasury secretary says he'd work with Musk to cut federal spending

Hedge fund founder John Paulson, an ally of former President Trump, said in a new interview that he will work with tech billionaire Elon Musk to “reduce federal spending” if tapped to serve as ...

Politics - The Hill - 2 days ago

How Trump Superfan Elon Musk’s Plan to Cut $2 Trillion in Spending Could Mean Economic Chaos

The GOP candidate has spoken of making the billionaire CEO in charge of a ‘Department of Efficiency,’ but experts warn those dramatic reductions could mean instability and turmoil.

Business - Inc. - 2 days ago

Autumn budget live: Rachel Reeves raises taxes by £40bn and increases spending on NHS and schools

Chancellor announces changes to employers’ national insurance contributions, inheritance tax, capital gains tax and other duties. Budget 2024: key points at a glance Full report: Reeves raises ...

World - The Guardian - 2 days ago

At last, a government willing to spend – but this budget will expose it to two great dangers | Aditya Chakrabortty

The good news: more money is on the table. The problems lie around how it will be raised – and who doesn’t stand to benefit. Change. That’s what Keir Starmer promised, isn’t it? In white letters ...

World - The Guardian - Yesterday

Israeli rescue service says almost 40 people wounded in Hezbollah drone strike in central Israel

World - ABC News - October 13

Israeli rescue service says paramedics are treating dozens of wounded after truck slams into bus stop north of Tel Aviv

World - ABC News - 5 days ago

US gives Israel 30 days to boost Gaza aid or risk cut to military support

The letter, sent on Sunday, amounts to the strongest known written warning from the US to its ally.

U.S. Warns Israel of Military Aid Cut if Gazans Don’t Get More Supplies

The demand from Israel’s closest ally came amid reports that the humanitarian catastrophe in the Gaza Strip has grown still worse in recent weeks.

World - The New York Times - October 15

Bowen: US threat to cut Israel military aid is sign of anger at broken promises

The letter criticising Israel over Gaza aid is an attempt to redress the balance between the US and its ally, our international editor says.

Middle East latest: Netanyahu says Israel has ‘settled its account’ with Sinwar

Israel says Hamas top leader Yahya Sinwar has been killed in a battle with Israeli forces in Gaza

World - ABC News - October 17

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