Imf Warns Fiscal Deficits
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IMF warns Hunt against UK tax cuts as it flags £30bn funding gap
Fund says real departmental spending growth may rise at double the pace seen in official projectionsFinancial Times - Business - United Kingdom -
English universities face severe deficits if student numbers fall, says OfS
Watchdog says growth forecasts are ‘not credible’ as ministers consider further curbs on international applicationsFinancial Times - Business -
Soaring debt and deficits causing worry about threats to the economy and markets
Government debt that has swelled nearly 50% is capturing increasing worry both on Wall Street and in Washington.CNBC - Business -
Rates should be cut to 3.5% by end of 2025, 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 -
Edwards leads Wolves back from 20-point deficit for 98-90 win over defending NBA champion Nuggets
Anthony Edwards overcame a slow start and the Timberwolves roared back from a 20-point second-half deficit to eliminate the reigning NBA champion Denver Nuggets 98-90 in a Game 7 Minnesota masterpieceABC News - Sports - NBA -
Edwards leads Wolves back from 20-point deficit for 98-90 win over defending NBA champion Nuggets
Anthony Edwards overcame a slow start and the Timberwolves roared back from a 20-point second-half deficit to eliminate the reigning NBA champion Denver Nuggets 98-90 in a Game 7 Minnesota masterpiece on Sunday night.NBC News - Top stories - NBA -
C.D.C. Warns of a Resurgence of Mpox
A deadlier version of the infectious disease is ravaging the Democratic Republic of Congo, while the type that caused a 2022 outbreak among gay and bisexual men is regaining strength.The New York Times - World -
Opponents Will Use AI to Mess With Election, Officials Warn
Foreign foes will harness the technology to influence the vote, officials warn theSenate Intelligence Committee.Inc. - Business -
Under Armour to Slash Jobs, Warns of Revenue Drop
CEO Kevin Plank said the sportswear brand has tried to do “too much of too much” and will focus on selling fewer products on discounts.The Wall Street Journal - World -
The Papers: Hunt's Labour warning and new Royal images
A range of stories on Friday's papers including warnings from Jeremy Hunt about Labour's policies.BBC News - Top stories -
HMRC warned again on poor customer service
Extra government funding for tax authority is not enough, say expertsFinancial Times - World -
Under Armour to Slash Jobs, Warns of Revenue Drop
CEO Kevin Plank said the sportswear brand has tried to do “too much of too much” and will focus on selling fewer products on discounts.The Wall Street Journal - Business -
Worldwide alert warns of violence against LGBTQ community
While the State Department bulletin is meant for overseas travel, there is concern of a domestic threat from ISIS, two sources told CBS News.CBS News - Top stories -
US warns of possible Pride Month attacks worldwide
The warning comes one week after a similar alert from the FBI and Department of Homeland Security.BBC News - Top stories -
Steelmakers warn ministers that UK faces dumping risk
Plans to bring in carbon tax a year after EU will see shipments ‘diverted’ to Britain, industry saysFinancial Times - World - United Kingdom -
Thunderstorm weather warning issued by Met Office
Forecasters have warned some areas could see up to 50mm (2in) of rain and flooding on Saturday.BBC News - Top stories -
Warning over Asian hornets after record sightings
There have been 108 sightings of Asian hornets since 2016, of which 56 were in 2023.BBC News - Top stories -
Canada wildfires prompt U.S. air quality warnings
Canada is battling several wildfires that are prompting air quality concerns in the U.S. Dr. Alice Chen, a primary care physician, joins CBS News with more details on the health risks that come with raging wildfires.CBS News - Top stories -
Cyberattacks on water systems are increasing, EPA warns
The Environmental Protection Agency warns that cyberattacks against water utilities around the U.S. are becoming more frequent and more severe.CBS News - Top stories -
How Russia has advanced in Kharkiv despite warnings attack was coming
Shortage of munitions, fighters and air defences leaves Ukraine unprepared to repel attack. Russia’s attack across the border north and north-west of Kharkiv was telegraphed by Moscow, predicted by western intelligence and anticipated by Ukraine. ...The Guardian - World - Russia -
High debt levels put Europe at risk of ‘adverse shocks’, ECB warns
‘Fiscal slippage’ leaves countries vulnerable to geopolitical tensions and higher interest rates, says central bankFinancial Times - World -
Woman attacked by bull on Mexico beach after ignoring warnings
A bull charged at a woman on a beach in the Mexican state of Baja California Sur over the weekend as horrified tourists watched and warned her to back away.CBS News - World -
Older Frigidaire and Kenmore ranges pose risk of fires, maker warns
The manufacturer has received multiple reports of fires and injuries since the ranges were originally recalled more than a decade ago.CBS News - Top stories -
Advocates warn Schumer’s AI 'roadmap' doesn’t go far enough
Civil rights, technology and labor advocates are warning that the bipartisan artificial intelligence (AI) guidance Senate Majority Leader Chuck Schumer (D-N.Y.) released Wednesday is not adequate to address the risks posed by the advancing ...The Hill - Politics -
Warren celebrates CFPB win at Supreme Court, warns of more challenges
Sen. Elizabeth Warren (D-Mass.) celebrated the Supreme Court’s Thursday decision to reject a GOP challenge to the Consumer Financial Protection Bureau’s (CFPB) funding structure. “The United States Supreme Court followed the law, and the CFPB is ...The Hill - Politics -
Israel Sending More Troops to Rafah Amid Warnings of Famine in Gaza
Fighting in Rafah has closed off a vital border crossing in southern Gaza, forced hundreds of thousands to flee and cut off humanitarian aid.The New York Times - World - Israel -
UK postal workers’ union issues strike warning to Křetínský
Threat of industrial action made if Czech businessman fails to meet demands over takeover bid for Royal MailFinancial Times - World - United Kingdom -
Tesla must climb ‘Mount Everest’ to win shareholder vote, chair warns
FT Exclusive: Robyn Denholm outlines stakes for carmaker and says the idea she is too close to Elon Musk is ‘crap’Financial Times - Business - Tesla -
Insurer warns owners of ‘Saltburn effect’ from using stately homes for filming
Owners of historic buildings used in likes of Bridgerton warned of potential damage to possessions and reputations. When the owner of Drayton House in Northamptonshire was approached to allow his 127-room mansion to be the location of a film ...The Guardian - World -
FirstFT: Tesla faces difficult task to win shareholder vote, chair warns
Also in today’s newsletter, the threat to oil from Canadian wildfires and British firm loses $25mn in deepfake scamFinancial Times - World - Tesla -
Putin seeking to weaponise threat of mass migration, warns Estonian PM
‘Adversaries know migration is our vulnerability,’ says Kaja Kallas, spelling out negative consequences to Europe of Ukrainian defeat. Vladimir Putin is seeking to weaponise the threat of mass migration to divide and weaken Europe as supporters of ...The Guardian - World -
Gaza aid pier opens as US warns of ‘imminent famine’
Humanitarian groups say US maritime initiative is insufficient amid acute food shortagesFinancial Times - Business -
State Department issues travel warning for LGBTQ pride celebrations
The federal government is warning U.S. citizens traveling internationally during LGBTQ Pride month in June to be vigilant, citing concerns that events could be targeted by extremist groups. The State Department in a travel advisory issued Friday ...The Hill - Politics -
US Official Warns a Cell Network Flaw Is Being Exploited for Spying
Plus: Three arrested in North Korean IT workers fraud ring, Tesla staffers shared videos from owners’ cars, and more.Wired - Tech -
UN humanitarian chief delivers ‘apocalyptic’ warning over Gaza aid
Emergency relief coordinator says famine looming as Israel’s Rafah offensive blocks vital aid routes. The United Nations’ humanitarian chief has warned of “apocalyptic” consequences due to aid shortages in Gaza, where Israel’s military offensive ...The Guardian - World - United Nations -
Companies warn against immigration cuts as Trump plans crackdown
Business groups say US economy remains dependent on foreign workers as migration becomes election issueFinancial Times - World - Donald Trump -
Top Education Officials Were Warned of FAFSA Overhaul Hurdles in 2020
Documents obtained by The Times show the department’s troubled FAFSA rollout this year came in spite of early warnings that the project required sustained attention.The New York Times - Top stories -
State Department warns of terrorist attacks at Pride events abroad
The State Department has issued a global security alert warning Americans abroad that terrorists could target lesbian, gay, bisexual, transgender and queer people and LGBTQ-related events during Pride Month in June.NBC News - Top stories -
'The Apprentice' director warns Cannes audience: 'The worst times are to come'
The director of the movie about a young Donald Trump says there's "no nice, metaphorical way" in filmmaking to "deal with the rising wave of fascism." "The Iranian president died. The Israeli prime minister is being indicted in the international ...The Hill - Politics -
Generative AI poses threat to election security, intelligence agencies warn
A new federal bulletin warns that AI technology like "deepfake" videos could pose serious threats to the 2024 election cycle.CBS News - Politics