President Joe Biden said Tuesday that the administration will tap the Strategic Petroleum Reserve as part of a global effort from energy-consuming nations to calm 2021’s rapid rise in fuel prices. The coordinated release between the U.S., India, China, Japan, Republic of Korea and the United Kingdom is the first such move of its kind.
Former Wells Fargo bankers tell CNNMoney’s Cristina Alesci how they tricked customers and opened fraudulent accounts.
It’s been two years since this government was elected with a mandate to level up the left-behind parts of the UK. Now that the first round of the Levelling-Up Fund has been allocated, we can start to judge whether it will achieve what Boris Johnson set out to do. But while much has been made
A spacecraft has been launched from California this morning carrying with it humanity’s greatest hopes of being able to protect our planet from a cataclysmic asteroid impact. Fortunately the DART (Double Asteroid Redirection Test) mission is only a test, and if anything goes wrong before it intercepts its target next September, then Earth won’t suffer
The Stripe logo on a smartphone with U.S. dollar banknotes in the background. Budrul Chukrut | SOPA Images | LightRocket via Getty Images Online payments giant Stripe is still in no rush to go public, with co-founder John Collison telling CNBC the company is happy staying private for now. “We’re very happy as a private
Strong business growth and record price pressures this month should give the “green light” for a pre-Christmas interest rate hike, according to a closely-watched survey. November’s purchasing managers’ index (PMI) showed growth slipping very slightly from the month before but still pointing to an end-of-year pick up for the economy after a third quarter slowdown,
I’m A Celebrity presenters Ant McPartlin and Declan Donnelly have mocked the prime minister over his awkward headline-making keynote address to business leaders. The duo referenced Boris Johnson‘s speech during a link in Monday night’s episode of the hit series, which launched the previous evening with celebrities including Frankie Bridge from The Saturdays, TV presenter
Police have been urged to “declare war” on a child grooming gang after several women told Sky News they were abused by a group of men operating in Hull. A police probe into the alleged crimes has gone dormant, but the UK’s former top child abuse investigator has called for detectives to “double down” on
Labour has criticised the government’s change to social care reforms but failed to come up with details of an alternative way to fund care. Labour MP Sarah Owen accused the Conservatives of breaking their promise that nobody would have to sell their home to pay for care. MPs last night backed a change to social
The government is advising people to take a COVID-19 test before they spend time in “crowded and enclosed spaces” this winter. The Cabinet Office had previously advised people to take two lateral flow tests a week, especially if they have school-age children or are meeting clinically vulnerable people. Now the public is being told to take rapid
At least six people, including four children, have died after a ferry capsized off the coast of eastern Sri Lanka. A total of 12 people have been rescued so far, a spokesperson for the country’s navy, Captain Indika de Silva, confirmed. He added that a search operation was continuing to take place. The ferry was
Three members of the Milwaukee Dancing Grannies group are among five people dead after a US Christmas parade turned to tragedy. The group had been performing in Waukesha, Wisconsin, on Sunday afternoon when Darrell E Brooks allegedly drove his Ford Escape into the parade. Virginia Sorenson, 79, LeAnna Owen, 71, and Tamara Durand, 52, were
GM has released a rare update on the Cadillac Lyriq, a highly anticipated, upcoming all-electric SUV based on the Ultium platform. The automaker says that the vehicle program is reaching final steps before production, and it released new video footage of the latest Lyriq prototype. The Cadillac Lyric is the first new EV coming from
In this article GM F 7203.T-JP VOW3-DE A charging cable plugged into a Volvo electric vehicle in London on November 18, 2020. TOLGA AKMEN | AFP | Getty Images New homes in England will be required to have charging points for electric vehicles, according to plans announced by authorities in the U.K. “We’re regulating so
In this article TSLA The logo marks the showroom and service center for the US automotive and energy company Tesla in Amsterdam on October 23, 2019. John Thys | AFP | Getty Images Tesla has hired David Misler as a new managing counsel, according to his LinkedIn profile. Misler is a former trial attorney for the
A Florida judge has posthumously exonerated four black men wrongly accused of raping a white teenager in 1949. Known as the Groveland Four, Charles Greenlee, Walter Irvin, Sam Shepherd and Ernest Thomas were accused of abducting and sexually assaulting a 17-year-old girl near Groveland, Florida during the Jim Crow era of southern US racial segregation.
A controversial change to the government’s social care reforms in England has been backed by MPs, despite critics arguing the move will disproportionately affect the poorest recipients of care. MPs voted 272 to 246, a majority of 26, to add the proposal to the Health and Care Bill. Having promised to “fix the crisis in
Germany’s health minister has warned that by the end of this winter “pretty much everyone” in Germany “will have been vaccinated, recovered or died”. Jens Spahn urged Germans to get vaccinated amid a rapid rise in COVID cases. Official figures showed more than 30,000 new coronavirus cases in Germany in the last 24-hour period, an
Opposition politicians have ridiculed Boris Johnson after he struggled to get through a keynote address to business leaders, despite claiming afterwards he thought the speech “went over well”. In the speech to the Confederation of British Industry, the prime minister praised the cartoon Peppa Pig, made car engine noises, and compared his 10-point plan for
The UK could be hit by a wetter-than-normal winter with households urged to be prepared for the risk of flooding. A Met Office outlook predicts plenty of rain over the next three months, with the wetter conditions most likely in January and February next year. The Environment Agency is urging people to check their flood