UK borrows more than expected in blow to tax cut hopes
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Hunt to claim only Tories will cut UK tax burden after the election
Chancellor to attack Labour in keynote speech after canvassing tech bosses’ views on growth measuresFinancial Times - Business - United Kingdom -
Global Economy Will Grow More Than Expected, U.N. Report Says
An update to January forecasts suggests the world's economic growth rate will hit 2.7 percent in 2024, thanks to a better U.S. outlook and improved prospects for some larger emerging economies.Inc. - Business -
IMF warns Hunt against UK tax cuts as it warns of £30bn funding gap
Fund says real departmental spending growth may rise at double the pace seen in official projectionsFinancial Times - Business - United Kingdom -
UK councils win power to auction off shops vacant for more than a year
Landlords face hit to their rents from scheme that seeks to deal with blight of boarded-up high streetsFinancial Times - World - United Kingdom -
Ships in some UK port cities create more air pollution than cars
Milford Haven, Southampton and Immingham top the list for emissions of gases and particulates. Ships calling at the UK’s most-polluted ports produce more nitrogen oxides than all the cars registered in the same cities or regions, analysis has ...The Guardian - World - United Kingdom -
Hunt hints at another National Insurance tax cut
Jeremy Hunt promises further tax cuts, as he launches an attack on Labour's plans ahead of an election.BBC News - Top stories -
Labor unions call for repeal of Trump tax cuts
Top U.S. labor unions are saying they’ve had enough of the Trump tax cuts and want them repealed. Unions including the United Auto Workers (UAW), the AFL-CIO, the Service Employees International Union (SEIU), the Screen Actors Guild (SAG-AFTRA), ...The Hill - Politics - Donald Trump -
Dollar rally falters as falling inflation raises hopes of rate cuts
US currency on track for first negative month of the year after end to months of above-forecast CPI dataFinancial Times - Business -
US green energy push expected to generate $47bn market in tax credits
Oil companies, banks, private equity and others partner with renewables developers to offset liabilitiesFinancial Times - World -
Hunt signals pre-election tax cut as Tories move on to campaign footing
UK chancellor accuses Labour of ‘a lie’ and funding ‘black hole’ in political speechFinancial Times - Business -
UK set for slower inflation than Eurozone and US
Drop in household energy bills set to push price growth close to Bank of England targetFinancial Times - Business - United Kingdom -
Average consumer carries $6,218 in credit card debt, as more borrowers are falling behind on their payments
Americans are increasingly falling behind on their credit card payments, recent reports show.CNBC - Business -
UK has room for three rate cuts this year, IMF says
The international body upgrades its UK growth forecast and says rates could fall to 4.5% by the end of 2024.BBC News - Top stories - United Kingdom -
Natural Gas Up Amid Lower-Than-Expected Inventory Build
Natural gas prices rose for a second consecutive day as U.S. storage grew less than expected.The Wall Street Journal - World -
More than a thousand fish die in pollution incident
The Department of Agriculture, Environment and Rural Affairs confirmed the major fish kill on the Four Mile Burn, a tributary of the Six Mile Water at Newmills near Doagh.BBC News - Top stories -
Gold Futures Set New Record on China Debt, Rate-Cut Hopes and Geopolitical Fears
Gold futures reached a new record settlement as Chinese investors flock to safe havens, rate-cut hopes grow and geopolitical tensions mount.The Wall Street Journal - World - China -
Trump-era tax cuts set to expire after 2025 — here's what you need to know
Several tax cuts enacted by former President Donald Trump are set to expire after 2025 without changes from Congress. Here's how it could affect your wallet.CNBC - Business -
The UK's opposition Labour Party unveils its pledges to voters in hopes of winning the next election
Britain’s still-undeclared election campaign has stepped up a gearABC News - World -
UK grocery inflation falls to ‘more normal levels’, sector data shows
Kantar figures indicate prices rose 2.4% in the four weeks to mid-May, down from 3.2% the previous monthFinancial Times - Business - United Kingdom -
Why Biden’s China tariffs are more bark than bite
Also in today’s newsletter, how another Trump administration could reshape the energy outlookFinancial Times - World - China -
‘More than capable’: Taylor backs City’s scoring ability for WSL decider
‘They can score three or four in five or six minutes’Manchester City manager upbeat before Villa showdownGareth Taylor has backed his side to score enough goals to overhaul Chelsea on the final day of the Women’s Super League season. Manchester ...The Guardian - World -
Messi wages, $20.4M, more than 25 MLS payrolls
Inter Miami forward Lionel Messi is Major League Soccer's highest paid player with a total guaranteed compensation of $20.44m.ESPN - Sports - MLS -
German Bunds Seen More Attractive Than U.S. Treasurys in Near Term
German Bunds look to offer more value versus Treasurys during the countdown to ECB interest-rate cuts, but major rallies in Bunds are unlikely, Societe Generale said.The Wall Street Journal - World - Germany -
Get the Chrome Bodum French press for more than 50% off
You can only find this Bodum Memorial Day coffee maker deal on Amazon.CBS News - Top stories -
Parents overestimate sons’ maths skills more than daughters’, study finds
Gender stereotypes at home may hamper female students’ ability to progress in the classroom, research suggests. Parents are more likely to overestimate maths ability in sons than daughters, according to research that suggests that gender ...The Guardian - World -
A Trump Conviction Depends on Proving More Than a Hush-Money Coverup
The prosecution’s case hangs on an alleged second crime that hasn’t yet been spelled out for the jury.The Wall Street Journal - World - Donald Trump -
10 Years Later, Transistor's Artistic Rebellion Is More Necessary Than Ever
Transistor is celebrating its 10-year anniversary today, May 20, 2024. Below, we recall how its vision of the future was more prescient than we'd realized at first glance.In 2014, a singer having her voice captured and digitized against her will ...GameSpot - Tech -
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Diplomats owe more than £143m in London congestion charges
The US Embassy owes £14m while Togo owes £40, figures from Transport for London reveal.BBC News - Top stories -
Top CEOs are now making more than ever, report says
Paid compensation for chief executives of several Fortune 500 companies has risen dramatically over the last five years, according to a new report from The Wall Street Journal. WSJ writer Theo Francis joins to discuss why it's partly linked to a ...CBS News - Top stories -
Migratory freshwater fish populations ‘down by more than 80% since 1970’
‘Catastrophic’ global decline due to dams, mining, diverting water and pollution threatens humans and ecosystems, study warns . Migratory fish populations have crashed by more than 80% since 1970, new findings show.. Populations are declining in ...The Guardian - World -
BoE needs more evidence of price pressures easing before cutting rates, says policymaker
Megan Greene believes ‘burden of proof’ must lie in inflation waning before Bank of England loosens stanceFinancial Times - Business -
Iran’s supreme leader sets its hardline foreign policies: expect more of the same
Experts say shift in direction, including on nuclear issue, is unlikely after death of president and foreign minister. In the immediate aftermath of the death of the Iranian president, Ebrahim Raisi, and foreign minister, Hossein Amir-Abdollahian, ...The Guardian - World - Iran -
The number of child migrants arriving in an Italian city has more than doubled, a report says
An aid group says that the number of unaccompanied children who arrived in the northern Italian city of Trieste through the Balkan migratory route has more than doubled last yearABC News - World -
Hamas Took More Than 200 Hostages From Israel. Here's What We Know.
Israel says 124 hostages abducted on Oct. 7 remain in captivity in Gaza, including the bodies of at least 37.The Wall Street Journal - World - Israel -
Sony Music Group warns more than 700 companies against using its content to train AI
One of the biggest record labels in the world is issuing notices warning hundreds of companies not to train artificial intelligence models on its content without permission.NBC News - Top stories -
Taiwan is selling more to the US than China in major shift away from Beijing
Taiwan is reducing its reliance on the Chinese mainland as it seeks to insulate itself from pressure from Beijing and forge closer economic and trade ties with the United StatesABC News - Tech - China -
High levels of weedkiller found in more than half of sperm samples, study finds
Glyphosate found in samples from French infertility clinic raising questions about controversial chemical’s impact on fertility. More than 55% of sperm samples from a French infertility clinic contained high levels of glyphosate, the world’s most ...The Guardian - World -
Rapper Kendrick Lamar to Pay More Than $40 Million for Los Angeles Home
The deal for the roughly 16,000-square-foot Brentwood home is one of the city’s priciest so far this year.The Wall Street Journal - World -
After more than 20 years, NFL Network's Total Access shuts down
Total Access is no more.Yahoo Sports - Sports - NFL