Bank of England cuts rates but sees higher inflation after Reeves' budget
The Bank of England cut interest rates on Thursday for only the second time since 2020 and said future reductions were likely to be gradual, seeing higher inflation and growth after the new government’s first budget. The Monetary Policy Committee voted 8-1 to cut interest rates to 4.75% from 5%, a stronger majority than expectations […]
Swiss ‘burqa ban’ to take effect from 2025
A contentious Swiss prohibition on facial coverings in public spaces widely known as the “burqa ban” will take effect on Jan. 1, the government said on Wednesday. Narrowly passed in a 2021 referendum in neutral Switzerland, and condemned by Muslim associations, the measure was launched by the same group that organised a 2009 ban on […]
Warner Bros. Discovery adds 7.2 million Max subscribers, the streamer's largest single-quarter jump
Jakub Porzycki | Nurphoto | Getty Images Warner Bros. Discovery said Thursday its streaming platform Max added 7.2 million global subscribers in the third quarter. It marked the biggest quarterly growth for the streaming platform since its inception. Max now had 110.5 million subscribers as of Sept. 30. Warner Bros. Discovery’s flagship streaming service has […]
Biden urges Americans to ‘bring down temperature’ after Trump win
President Joe Biden urged Americans on Thursday to lower the political temperature after Donald Trump’s crushing election win over Kamala Harris, saying in a conciliatory address to the nation that he would ensure a peaceful transition of power. In a solemn speech from the White House, Biden also said the result should “lay to rest” […]
Shaboozey on breaking genre boundaries and the story behind
Shaboozey’s “A Bar Song” has skyrocketed to the top of the Billboard Hot 100, marking a milestone for the artist who is known for blending country and hip-hop. Shaboozey, born Collins Obinna Chibueze, has taken the music world by storm this year. Recently named to Time’s 100 Next List and nominated for two CMA Awards, […]
Wall Street expects Trump presidency will unlock deal-making
Attendees cheer as a broadcast of former US President and Republican presidential candidate Donald Trum speaking at his Florida election party is shown on a screen at the Nevada GOP election watch party in Las Vegas, Nevada on November 6, 2024. Ronda Churchill | Afp | Getty Images Wall Street dealmakers and corporate leaders expect […]
Covid inquiry told top NHS doctor was terrified
Covid inquiry Prof Sir Stephen Powis, national medical director at NHS England, was giving evidence to the Covid inquiry in west London. The most senior doctor in NHS England has said he was “personally terrified” that hospitals could have been overwhelmed in the early stages of the pandemic. Prof Sir Stephen Powis told the Covid […]
FDA to pull common but ineffective cold medicine from market
The Food and Drug Administration announced Wednesday that it would seek to pull a widely used ingredient in cough and cold medicines from the market, after the agency’s scientists concluded that the oral version of the drug is ineffective as a nasal decongestant. The FDA’s proposal comes more than a year after the agency’s outside […]