Be in no doubt, today’s GDP figures are bad news indeed. Bad news as they show the economy is shrinking sooner than expected, down 0.1% in March. But bad news too, in terms of what it heralds for the rest of the year. All the signs and predictions were already that the worst is set
The chancellor has said “no option is off the table” when asked about the possibility of a windfall tax on oil and gas firms to help ease the cost of living. Rishi Sunak was speaking as energy companies continue to benefit from rocketing prices, helped by an increase in demand as the world emerges from
The Hubble Space Telescope has revolutionised astronomy since its deployment in 1990. The telescope, which has a crystal-clear perspective of the universe and is far above rain clouds, light pollution, and atmospheric distortions, has taken some stunning photos of the most distant stars as well as planets in our solar system. A new image from the
A Bitcoin coin lies on a screen showing the Bitcoin – US dollar exchange rate. Fernando Gutierrez-Juarez | picture alliance | Getty Images The price of bitcoin fell below the $30,000 mark on Wednesday for the second time this week, after new data showed inflation is still running near 40-year highs. Bitcoin fell about 7%
Finland has announced it wants to join NATO as the Russian invasion of Ukraine continues. President Sauli Niinisto said the country, which shares an 810-mile border and a difficult past with Russia, must apply for membership to the organisation “without delay”. In a joint statement with the country’s prime minister Sanna Marin, they added: “We
Adele and boyfriend Rich Paul have shared a photograph of them standing outside what is thought to be the couple’s first home together. The mansion, said to be worth $58 million (£47m) was previously owned by Hollywood actor Sylvester Stallone and sits in three acres in the star-studded Beverly Hills area of Los Angeles. The
President Putin has defended his invasion of Ukraine claiming it was a forced response to plans by the West to invade Russia. During his speech in Red Square at the country’s annual Victory Day parade, which marks the Soviet Union’s triumph over Hitler’s Nazis, he said Russian forces were “fighting for the Motherland.” But he
Russian President Vladimir Putin’s jetliner, dubbed the “doomsday plane,” was expected to be featured in Putin’s “Victory Day” parade but was pulled at the last minute because of weather. CNN’s Brian Todd explains what the plane does. #BrainTodd #TheSituationRoom #CNN
Emergency talks between the UK and EU over the Northern Ireland Protocol are due on Thursday as ministers consider whether to override parts of the post-Brexit deal. The UK’s Attorney General Suella Braverman is said to have approved the scrapping of swathes of the agreement, giving Boris Johnson legal cover to make the move, despite
An attempt to protect abortion rights with a federal law in the US has failed. The bid to preserve the rights – first enshrined in the Roe v Wade bill of 1973 – came following the leak of a Supreme Court document that appeared to suggest justices planned to overturn the almost 50-year-old legislation this
Spring weather means it is time to get out there and start making sure your yard is in shape. Today we’re tracking a notable discount on an electric tool to help the cause, with EGO’s Power+ Hedge Trimmer helping you make last year your last time relying on gas or oil. Now down to a
In this article VOW3-DE This image, from 2019, is of a refurbished Scout. The brand was originally built by International Harvester between 1961 and 1980. Future Publishing | Future Publishing | Getty Images Volkswagen is planning to resurrect the iconic “Scout” brand as an electric vehicle in the United States. In a report late Tuesday,
3:53 PM ET Oilers defenseman Darnell Nurse has been suspended one game for head-butting Kings center Phillip Danault, the NHL announced Wednesday. Nurse will not be available when the Edmonton tries to avoid elimination from its first-round Stanley Cup playoff series in Game 6 against Los Angeles on Thursday. The incident between Nurse and Danault
In this article AAPL Tim Cook, CEO of Apple Inc. Adam Jeffery | CNBC Oil giant Saudi Aramco on Wednesday surpassed Apple as the world’s most valuable firm. Aramco’s market valuation was just under $2.43 trillion on Wednesday, according to FactSet, which converted its market cap to dollars. Apple, which fell over 5% during trading
A quake of magnitude 5 shook the surface of Mars on May 4, as per a seismometer placed by NASA’s InSight lander on the planet. The seismic event has been dubbed a “monster” quake by the space agency given that it is the strongest temblor ever detected not just on Mars but also on any
The largest wildfire burning in the United States is heading towards mountain resort towns in northern New Mexico as more people prepare to evacuate their homes. The Hermits Peak and Calf Canyon blaze, which is being fanned by strong winds, has burned a 45-mile long path up the Sangre de Cristo mountains in just over
The UK economy contracted by 0.1% in March, as surging inflation took a toll on demand to offset the boost that had been expected from the end of COVID restrictions. The monthly figure compares to no growth in February and 0.7% growth in January, while the quarterly figure (between January and March) showed a growth
A teenage girl in Bristol who has been missing since April is now believed to have been abducted, according to police. Maddie Thomas, 15, disappeared in the Southmead area on 26 April. Avon and Somerset Police said they are “no longer investigating Maddie’s disappearance as a missing person case but as a child abduction”. Officers
Tory backbenchers are pushing for tax cuts after Boris Johnson was said to have shown “more than a bit of ankle” on doing so to address the cost of living crisis. Jake Berry, the Conservative MP who leads a group of Tories representing northern constituencies, said it was “now or never” for Mr Johnson to
Chelsea FC is close to unveiling a £20m-a-year sponsorship deal with a fast-growing cryptocurrency group – despite a temporary ban on the club striking lucrative new partnerships while it operates under government supervision. Sky News can reveal that the Blues have agreed a shirt-sleeve contract with WhaleFin, a digital asset platform owned by Singapore-based Amber