Here’s a sentence which might sound a little odd: higher interest rates have been good news for the UK economy. For the first time in many decades, the pain faced by borrowers from higher interest rates has been more than balanced out by the benefit experienced by savers from those interest rates. If this sounds
In this article MBLY INTC Follow your favorite stocksCREATE FREE ACCOUNT Mobileye signage is displayed during the company’s initial public offering at the Nasdaq MarketSite in New York on Oct. 26, 2022. Michael Nagle | Bloomberg | Getty Images Mobileye, the self-driving technology company majority owned by Intel, warned on Thursday that it expected that
Sir Keir Starmer has refused to commit to unfreezing tax thresholds if Labour wins the next general election, saying he won’t make promises he can’t keep. However, the Labour leader was firmer in his position on inheritance tax, telling Sky News if the Tories reduce it, he will reverse that change because he does not
The new year has brought with it a gripping, scandalous new TV drama – but the tale it tells is very real. Mr Bates vs The Post Office depicts the story of former subpostmasters and subpostmistresses who were held liable by the Post Office for financial discrepancies thrown up by its computerised accounting system, Horizon.
Mortgage approvals hit their highest level in six months near the end of last year, official data has revealed – as more lenders announce rate cuts. New figures from the Bank of England (BoE), published on Thursday, show that more than 50,000 loans for home purchases were rubber-stamped in November – the highest number since
Former Paralympic champion Oscar Pistorius will be released from prison on Friday, nearly 11 years after murdering his girlfriend. Pistorius shot Reeva Steenkamp on Valentine’s Day 2013 at his home in Pretoria, South Africa. He said he fired his gun through a bathroom door after mistaking her for an intruder in the early hours. The
Police are “extremely concerned” over the disappearance of a woman who vanished in South Ayrshire days before Christmas. Laura Wilkie, 43, was last seen sitting on a bench near Ayr’s Millenium Bridge at around 8.30pm on Monday 18 December. On Wednesday, investigating officers carried out a stop-and-speak operation in the area in an effort to
A full transcript detailing air traffic control conversations moments before the fatal plane crash at Tokyo’s Haneda airport has been released by authorities in Japan. The transcript shows the discussions between the airport’s control tower and the two planes – one a Japan Airlines (JAL) passenger jet and the other a smaller coastguard plane –
Some 40 of 250 previously sealed documents relating to the late sex offender Jeffrey Epstein have been released by a US court. After Judge Loretta Preska ruled they could be unsealed in December and no objections were made, the first set of court papers were published on 3 January. They largely consist of legal arguments
Skyline of Riyadh in Saudi Arabia. Simon Dawson | Bloomberg | Getty Images Saudi Arabia’s Public Investment Fund (PIF) was the top spender among global sovereign wealth funds last year, accounting for about a quarter of the $124 billion splashed by state-owned investors, according to a preliminary report by research consultancy Global SWF. The Saudi
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Armed police officers have launched a manhunt after shots were fired at a cinema and a small business. Merseyside Police said that at about 8.50pm on Wednesday they received reports a firearm had been discharged in Showcase Cinemas on East Lancashire Road in the Croxteth area. The incident came 20 minutes after shots were fired
Imported foods may be labelled when they do not meet welfare standards, as the government considers measures to help shoppers “buy British”. Environment Secretary Steve Barclay is set to announce plans to change labelling on goods to clarify if it is produced to the highest standards, as part of sweeping reform to support farmers. Mr
Elvis Presley fans will be able to see a lifesized digital version of the king of rock ‘n’ roll performing on stage in the UK for the first time later this year. The US music superstar is being brought back to life – and it’s a British company behind the project. Layered Reality claims the
In this article XRX Follow your favorite stocksCREATE FREE ACCOUNT Signage is displayed outside the Xerox headquarters in Norwalk, Connecticut. Michael Nagle | Bloomberg | Getty Images Xerox on Wednesday announced it will cut 15% of its workforce as part of a plan to implement a new organizational structure and operating model. Xerox, which offers
In this article @LCO.1 @CL.1 Follow your favorite stocksCREATE FREE ACCOUNT An employee rides a bicycle next to oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. Maxim Shemetov | Reuters Oil rose more than 3% on Wednesday as tensions mount in the Middle East and OPEC pledges to remain
Prince Andrew, Bill Clinton, Donald Trump and Stephen Hawking are among those named in court documents relating to Ghislaine Maxwell, her relationship with Jeffrey Epstein and alleged victims of sexual abuse. A US judge, Loretta Preska, ruled in December that documents that were part of a 2015 defamation case by Virginia Giuffre against Ghislaine Maxwell
Chevy Blazer EV 2LT (Source: Chevrolet) The much-anticipated 2024 Chevrolet Blazer EV has been off to a rough start. After customer complaints over its software issues, which sparked a halt on sales right before Christmas, General Motors has now issued a small safety recall, which includes the Chevrolet Blazer EV, for vehicles that may have
Sir Keir Starmer is launching his election campaign on Thursday – and will promise the “character of politics will change” if Labour enters power. The government has until December this year to call an election – although if it decides to go to the polls so late, the vote itself will not happen until January
A hero couple saved a stranded three-year-old girl and her mother as their car sank into a swollen river amid Storm Henk. Liam Stych and his partner Tia Draper were out for a walk in Hall Green, Birmingham, when they saw a Fiat Punto sinking into a torrent. Qucking-thinking Mr Stynch, a roadworks engineer, climbed