The US central bank has raised interest rates by 0.75 percentage points for the second time in a row in an attempt to curb soaring inflation. The US Federal Reserve said it expects that “ongoing increases” will be needed despite evidence of a slowing economy and concerns that aggressive hikes could lead to a recession.
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Lil Wayne will no longer appear at a music festival this weekend after he was banned from entering the UK. The American rapper’s visa was denied by the Home Office in a “last-minute decision”, according to the Strawberries and Creem Festival, where he had been due to headline on Saturday. The A Milli singer was
Lord Geidt has resigned as the prime minister’s adviser on ministerial interests. He tendered his resignation to Boris Johnson, according to a brief statement on the government’s website on Wednesday evening. “With regret, I feel that it is right that I am resigning from my post as Independent Adviser on Ministers’ Interests,” the statement reads.
The US central bank has increased interest rates by 0.75% to combat inflation – the sharpest hike in 28 years. The Federal Reserve signalled more rate rises to come and projected a slowing economy in the months ahead, along with rising unemployment. The bank raised its benchmark rate to a range of 1.5% to 1.75%,
Tesla has topped the list of most crashes on advanced driver-assist (ADAS) features – Autopilot in Tesla’s case – in NHTSA’s first report on “Safety Performance of Advanced Vehicle Technologies.” Dr. Steven Cliff, NHTSA’s Administrator, commented on the report: The data released today are part of our commitment to transparency, accountability and public safety. New
A giant digital sign is seen at Facebook’s corporate headquarters campus in Menlo Park, California, on October 23, 2019. Josh Edelson | AFP | Getty Images Technology hub Menlo Park, California, home to Meta, is teaming up with Brooklyn, New York-based BlocPower in a new form of public-private partnership to electrify thousands of buildings to
7:43 AM ET BROOKLINE, Mass. — We interrupt the ongoing drama of who has left the PGA Tour — and who might still be going to the LIV Golf Invitational Series — for the 122nd U.S. Open, the third major championship of the season. With two golf worlds colliding at The Country Club this week,
Bill Gates Gerard Miller | CNBC Bill Gates is not a fan of cryptocurrencies or non-fungible tokens. Speaking at a TechCrunch talk on climate change Tuesday, the billionaire Microsoft co-founder described the phenomenon as something that’s “100% based on greater fool theory,” referring to the idea that overvalued assets will go up in price when
7:38 AM ET Timothy Bradley Jr. Artur Beterbiev and Joe Smith Jr. meet on Saturday to unify three of the four major light heavyweight titles in the main event of a Top Rank card at the Hulu Theater inside Madison Square Garden in New York (ESPN/ESPN+, 10 p.m. ET, with prelims on ESPN+ at 6:30
Plants too can make “secret decisions.” Surprised to hear that? Well, researchers have found in a new study that plants have an unforeseen set of processes that they use to regulate the amount of carbon dioxide released into the atmosphere during photosynthesis. The discovery was made while studying a classic plant model organism called thale
Best-selling US author James Patterson has apologised for saying white male writers having trouble finding work is a form of racism. The 75-year-old used social media to post an apology after his comments appeared in The Sunday Times. Patterson is known for his thrillers, romance and non-fiction novels. He has two books currently on the
Astronomers and researchers have been in constant search for finding life on other celestial bodies. A team of scientists earlier pointed at the possibility of the existence of life in the clouds of Venus. In 2020, scientists revealed that they had found phosphine gas in the cloud of Venus, sparking speculation about the possibility of
The government has not ruled out leaving Europe’s human rights framework after last-ditch legal rulings blocked the first scheduled deportation flight on Tuesday evening. Downing Street said on Wednesday that all options were on the table and did not rule out withdrawing from the European Convention on Human Rights (ECHR). It comes after last-minute interventions
Amber Heard has said she realises she is not a “likeable” or “perfect victim” – and that she still has love for ex-husband Johnny Depp and has “no bad feelings or ill will towards him”. The actress made the comments in the second half of an interview with NBC in the US, her first since
Rumours constantly circulate about Vladimir Putin’s health – but is there anything to back up the claims? During a live session of questions and answers on Sky News with defence and security analyst, Professor Michael Clarke, one viewer asked: Is Putin really ill or is it just wishful thinking? Mr Clarke said speculation about Mr
Network Rail has warned that the three-day train strike next week will cause six days of disruption to services. More than 40,000 staff at Network Rail and 13 train operators are expected to walk out next week on Tuesday 21, Thursday 23 and Saturday 25 June in a dispute over pay and redundancies. Network Rail
Russian missiles are being diverted from anti-sea usage to anti-land as they pull out all the stops to achieve victory. Severodonetsk, one of the last remaining parts of Luhansk still under Ukrainian control, has been severely contested in recent weeks. #Ukraine #Russia #war For the latest developments in Ukraine: https://qrcode.skynews.com/skynews/ukraineblog SUBSCRIBE to our YouTube channel
CNN’s Alex Marquardt speaks to a Ukrainian man who is still combing through the rubble of his home after a Russian missile strike destroyed it, killing five family members including his wife and daughter. #CNN #News
The boss of Royal Mail has told Sky News it is keeping prices “under review” as costs surge across the business and that unions threatening strikes must understand the “changes that are required so we can compete in the market”. Simon Thompson was speaking as the company faces challenges to its modernisation plans across its
Following its initial debut at CES 2022, the BLUETTI EB3A solar generator has officially gone on sale starting today. This lightweight power station is ultra portable, while still delivering 268 Wh of stored energy and the ability to recharge at “turbo” speeds. All while delivering an output of 600 watts. Get yours from BLUETTI today!