Politics
Trump on Iran war; Oracle, Adobe to report - what’s moving markets
Editor’s Note: The ETFs tracking benchmark indices, lede, economic data, and the headline were updated in the story.
Politics
Politics
Monetary policy decisions
The Governing Council today decided to raise the three key ECB interest rates by 25 basis points. The conflict in the Middle East continues to generate inflation pressures, and inflation is set to remain well above targ…
Politics
Tourists in England face nightly levy on hotel and Airbnb-style stays under new plans
Many mayors welcome power to impose tourist tax but industry warns of ‘irreparable harm’ and job losses
Politics
English winemakers expect ‘vintage year’ after record-breaking summer heat
English sparkling winemakers expect their earliest grape harvest and a “vintage year” after a scorching summer quickly ripened grapes.
Politics
U.S. Government Advisor: OpenAI Risks "Catastrophically" Losing Control of AI
OpenAI has failed to reduce the risk of a “catastrophic” loss of control over AI, said Paul Cristiano, a U.S. government advisor on high technology. He issued this warning at a board meeting of the nonprofit OpenAI, of …
Politics
Ryanair will dispute passenger’s claim he was sucked out of window
Ryanair has said it will be “disputing” that any part of a passenger’s body was sucked outside when a window on one of its aircraft broke while in flight.
Politics
ECB raises interest rates to 2.5% and warns Iran war is fuelling inflation
Borrowing costs climb in Europe and oil tops $105 a barrel as bank says growing price pressures in eurozone will be ‘longer lasting than we had anticipated’
Politics
Glencore’s former head of oil pleads not guilty to bribery charges
Billionaire Alex Beard and his former deputy appear in London court over alleged payments to African officials
Politics
Houthis close in on stranglehold over key Bab al-Mandeb Strait - Reuters
A container ship approaches the Bab-el-Mandeb Strait on January 18, 2024 in Obock, Djibouti. Photo: VCG
Politics
Iceland to become first UK high street retailer to open shop in Falkland Islands
The supermarket chain Iceland has said it will open a shop on the Falkland Islands in early December.
Politics
John Lewis losses widen to £124m as shopper confidence dips
Losses at the owner of John Lewis and Waitrose widened by more than 40% in the first half of the year as it struggled with higher costs and with shoppers feeling less confident about their money.
Politics
‘Fundamentally unfair’: Burnham must overhaul migration reforms, says TUC general secretary
Andy Burnham must overhaul Shabana Mahmood’s migration reforms or risk overstretching social care and fuelling far-right sentiment, the TUC general secretary, Paul Nowak, has warned.
Politics
Trump promises $5,000 dividend to every U.S. adult if GOP wins midterms
To incentivize voters to cast ballots for Republicans, President Trump used his convention speech to promise a dividend of $5,000 to every adult citizen if the Republican Party maintains control of Congress in the midte…
Politics
Iran war could last through end of Trump’s term- WSJ citing advisers
A credible signal that the Iran conflict could extend well beyond the midterms, rather than resolve quickly as Trump has publicly suggested, argues against pricing in a near term de-escalation for oil ($120 Brent risk).…
Politics
Flooring firm goes into administration
Birmingham-based Headlam said it had also closed 28 of its 76 trade counters, but that it would continue to trade while a restructuring takes place.
Politics
Bond market rebuffs US treasury’s plan to buy back $6bn in government debt
The US treasury moved to cut the cost of borrowing on Wednesday only to be swiftly rebuffed by the bond market.
Politics
Christine Lagarde: The choice facing Europeans
More than two centuries ago, the poet Johann Paul Friedrich Richter described Berlin as “more a part of the world than a city”.[1] History would prove him right.
Politics
Anthropic researchers say AI could cause human extinction by 2030
One researcher who resigned said many in industry believe that without regulation AI could kill off humanity
Politics
Air traffic control boss given a week to report after UK flight chaos causes 2,000 cancellations
Government remains confident in under-pressure Martin Rolfe but transport secretary believes glitch was avoidable
Politics
EU unveils ‘buy European’ public procurement rules to counter China
European authorities will be encouraged to buy more domestic goods and services when they spend public money under the EU latest effort to counter China’s economic might.
Politics
Supercar maker McLaren to create 1,000 UK jobs as part of £450m tech investment
The British supercar manufacturer McLaren is to create 1,000 jobs in a welcome boost to the UK’s struggling automotive industry.
Politics
‘Miserable and impossible’: food scarce in Kyiv as Russia targets supply chains
Stocking up on cured sausages from the half-empty shelves in her local supermarket, Valentyna Sveshnikova is worried about money. The 68-year-old grandmother lives off her small pension and has already noticed the cost …
Politics
UK datacentres will create just 25% of jobs predicted by tech sector, analysis finds
Datacentres in the UK will create just a quarter of the jobs predicted by the tech sector, while consuming vast amounts of energy, according to new research.
Politics
Apple expected to unveil folding iPhone as new CEO takes center stage
All eyes are on Apple’s annual fall announcement of new products this afternoon, where the company is expected to unveil the most significant change to the iPhone since the smartphone’s introduction in 2007.