Bank of England Says Recession Expected to Be Shorter and Less Severe
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GDP growth slowed to a 1.6% rate in the first quarter, well below expectations
Real GDP was expected to increase 2.4% in the first quarter on a seasonally adjusted basis, according to economists surveyed by Dow Jones.CNBC - Business -
US economy grew less than expected in first quarter at 1.6% rate
Previous indicators of robust growth have set back expectations of Fed rate cuts and wrongfooted marketsFinancial Times - World -
Biden dealt blow as investors scale back bets on pre-election rate cut
Markets no longer fully confident of move by September following new growth and inflation dataFinancial Times - Business - Joe Biden -
Deutsche Bank shares up 8% after first-quarter profit beat, investment banking recovery
Deutsche Bank reported first-quarter earnings on Thursday.CNBC - Business -
Europeans ‘less hard-working’ than Americans, says Norway oil fund boss
Tangen finds US investments more attractive due to weaker regulations and more risk-takingFinancial Times - Business -
Europeans ‘less hard-working’ than Americans, says Norway oil fund boss
Tangen finds US investments more attractive due to weaker regulations and more risk-takingFinancial Times - Business -
Deutsche Bank expects fewer U.S. commercial real estate provisions in second half
Deutsche Bank, one of the banks most exposed to U.S. commercial real estate, reported elevated levels of credit-loss provisions for a second straight quarter but said they will start to gradually decline.MarketWatch - Business -
'We lost £26,000 in a year' - shoplifting hits record in England and Wales
Shoplifting was up by 37% in the year to December 2023, the highest since records began in 2003.BBC News - Top stories -
Bank of Canada Officials Split on How Soon Rate Cuts Could Start, Minutes Say
Senior Bank of Canada officials were divided on how soon the central bank could start cutting interest rates, although they agreed cuts should proceed gradually given the risk of inflation reaccelerating, according to a summary of deliberations ...The Wall Street Journal - World -
Woman, 74, who allegedly robbed bank may have been scam victim, family says
Ann Mayers entered AurGroup Credit Union on April 19 and "demanded money while displaying a handgun," police said.CBS News - Top stories -
Chip sector due a May bounce with Nvidia near ‘trough valuation,’ say Bank of America strategists
The big-tech trade is having a wobble. But chip stocks are due a rebound, say Bank of America strategists.MarketWatch - Business -
E.P.A. Severely Limits Pollution From Coal-Burning Power Plants
New regulations could spell the end for plants that burn coal, the fossil fuel that powered the country for more than a century.The New York Times - Top stories -
Global heating and urbanisation to blame for severity of UAE floods, study finds
World Weather Attribution group says intensified El Niño effects caused torrential rain, but rules out cloud seeding as cause. Fossil fuels and concrete combined to worsen the “death trap” conditions during recent record flooding in the United ...The Guardian - World -
England tops chart for child alcohol use - report
The World Health Organization also finds higher rates of drinking and vaping among teenage girls.BBC News - Top stories -
'If pressure is a privilege, England are about to feel very lucky'
England have big decisions to make as they prepare to name their squad for the T20 World Cup, says Stephan Shemilt.BBC News - Top stories -
England's Cokayne returns for Grand Slam decider
England make two injury-enforced changes to face France in their Grand Slam decider on Saturday in Bordeaux.BBC News - Top stories -
Ex-England defender Warnock thought about suicide
Ex-England defender Stephen Warnock says he "contemplated" taking his own life after receiving bad financial advice.BBC News - Top stories -
Investment Banking Lifts Deutsche Bank Profits
Deutsche Bank said its first-quarter profit rose 10% as its investment-banking business beat expectations.The Wall Street Journal - World -
Investment Banking Lifts Deutsche Bank Profits
Deutsche Bank said its first-quarter profit rose 10% as its investment-banking business beat expectations.The Wall Street Journal - Business -
Meta unveils less ‘sanctimonious’ AI model as tech rivalry heats up
Facebook parent claims Llama 3 takes a fresh step towards human-level intelligenceFinancial Times - Business - Meta -
Rachel Chinouriri: England's my home, even if I've felt unwelcome
Rachel Chinouriri says she wants to reclaim the England flag, which features on her album artwork.BBC News - Top stories -
England has highest rates of child alcohol consumption, WHO finds
Global health experts call for curbs on online marketing to protect teens from marketing of ‘harmful products’Financial Times - World -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta -
The colonialist overtones of EU’s green trade crusade
Many middle-income countries show reserves of pragmatic tolerance that Europeans do not necessarily deserveFinancial Times - Business -
Is Britain suffering from a ‘sick note culture’?
Rishi Sunak has vowed to get people back to work but data indicates problems with the diagnosis — and proposed solutionFinancial Times - Business - United Kingdom -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta -
2024 NFL Draft: Top five candidates for Eagles' first-round pick, including several star Alabama products
Which players are most likely to be on Philly's radar?CBS Sports - Sports - NFL -
Arizona state House passes bill to repeal 1864 abortion ban after several failed attempts
Arizona lawmakers will again attempt to repeal a near-total ban on abortion from 1864 that was upheld by the state Supreme Court earlier this month.NBC News - Top stories - Abortion -
Arizona state House passes bill to repeal 1864 abortion ban after several failed attempts
Arizona lawmakers will again attempt to repeal a near-total ban on abortion from 1864 that was upheld by the state Supreme Court earlier this month.NBC News - Politics - Abortion -
What do weight loss drugs mean for a diet industry built on eating less and exercising more?
New weight loss drugs are reshaping a dieting industry built on eating less and exercising moreABC News - Health -
Comcast earnings beat expectations as Peacock losses narrow
Comcast scored a profit beat for the latest quarter, and that seemed to be overshadowing another drop in broadband subscribers.MarketWatch - Business -
U.S. Natural Gas Futures Lose Ground on Storage Surplus
U.S. natural gas futures added to the previous day’s losses as a weekly inventory report showed a larger-than-expected build in natural gas storage.The Wall Street Journal - World -
Gilead’s quarterly loss is narrower than expected
Gilead Sciences Inc.’s stock rose 0.8% in after-hours trading Thursday, after the drug company’s adjusted first-quarter profit was narrower than expected.MarketWatch - Business -
Microsoft’s revenue and cloud sales beat expectations
Big Tech group’s shares rise 4.5% after-hours as it has moved to incorporate artificial intelligence into its productsFinancial Times - Business -
Naming and shaming banks is a regulatory insight too far
The Financial Conduct Authority already has deterrence tools at its disposalFinancial Times - Business -
Stocks Fall After GDP, Inflation Data
Stocks and government bonds fell sharply after fresh data showed the U.S. economy slowed in the first quarter.The Wall Street Journal - World -
European commercial real estate deal making slumps to 13-year low
Seventh successive quarter of declining volumes dashes hopes for revival as high interest rates continue to biteFinancial Times - Business - Europe -
Is Britain suffering from a ‘sick note culture’?
Rishi Sunak has vowed to get people back to work but data indicates problems with the diagnosis — and proposed solutionFinancial Times - Business - United Kingdom -
England’s Marlie Packer: ‘I’d give my son the world – dad did none of that for me’
Captain reflects on her mum being a ‘rock’ and the Red Roses’ new coach as they chase another Six Nations grand slam. ‘We’re in France and the crowd is going to be hostile,” Marlie Packer says as she looks ahead to Saturday’s Six Nations grand ...The Guardian - World