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Satellite to probe mystery of clouds and climate

Europe's Earthcare satellite will tell us if the planet could lose the cooling effect of clouds.
2024-05-29 02:06:34

Man jailed for attempted murder of pregnant ex

Daniel Popescu admits stabbing Andrea Pintili near her home in December 2023.
2024-05-28 19:08:16

Germany ready to use Russian asset interest to help Ukraine

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2024-05-24 17:09:12

Mum who caned, scalded and murdered son jailed

Her three-year-old son Dwelaniyah suffered extensive burns in the weeks before she murdered him.
2024-05-24 17:08:59

Old video falsely shared as 'poll-rigging by supporters of Indian Muslim candidate'

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2024-05-24 05:07:31

Man jailed for life for random murder and attacks

Johanita Dogbey, 31, was killed by Mohamed Nur in daylight two days after three others were attacked.
2024-05-23 17:08:37

Nursery worker jailed for 14 years over baby death

Kate Roughley is sentenced to 14 years for the manslaughter of nine-month-old Genevieve Meehan.
2024-05-22 19:08:04

Nursery worker jailed for 14 years over baby death

Kate Roughley is sentenced to 14 years for the manslaughter of nine-month-old Genevieve Meehan.
2024-05-22 17:09:08

Inflation rate falls to lowest in almost three years

Prices rose at 2.3% in the year to April, down from 3.2% the month before, official figures said.
2024-05-22 12:08:46

Professor jailed in Mali for criticising the junta

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2024-05-21 16:09:39

Russian court rejects appeal by dissident Kara-Murza to investigate poisonings

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2024-05-21 15:13:36

UK has room for three rate cuts this year, IMF says

The international body upgrades its UK growth forecast and says rates could fall to 4.5% by the end of 2024.
2024-05-21 13:11:18

Summer interest rate cut possible, says Bank deputy

Ben Broadbent's comments come ahead of data which is expected to show a fall in inflation.
2024-05-20 22:09:10

ChatGPT to lose voice over Johansson similarity

The flirty, conversational upgrade to OpenAI's chatbot has been compared by some to 2013 film Her.
2024-05-20 22:08:59

ChatGPT to lose voice over Johansson similarity

The flirty, conversational upgrade to OpenAI's chatbot has been compared by some to 2013 film Her.
2024-05-20 16:09:13

Summer interest rate cut possible, says Bank deputy

Ben Broadbent's comments come ahead of data which is expected to show a fall in inflation.
2024-05-20 14:08:23

'Decisive' day for Assange extradition battle

The Wikileaks founder awaits a ruling on his right to appeal extradition to the US
2024-05-20 12:08:17

Why Wikileaks' Julian Assange faces US extradition demand

Wikileaks founder Julian Assange hopes to launch a new appeal.
2024-05-20 07:08:20

Why Wikileaks' Julian Assange faces US extradition demand

Wikileaks founder Julian Assange hopes to launch a new appeal.
2024-05-20 02:06:41

Extremist jailed for life over street murder

Moroccan asylum seeker Ahmed Alid stabbed 70-year-old Terence Carney in Hartlepool in October.
2024-05-17 13:08:34

The European Central Bank raises rates for the first time in 11 years

In a bold attempt to get inflation under control, the European Central Bank on Thursday announced it would hike its key interest rate by a half percentage point.
2022-07-22 19:08:48

What to do with your money now that the Fed just raised rates for the ninth time

After two weeks of banking turmoil, the Federal Reserve on Wednesday continued its bid to beat down inflation by raising its key interest rate again, the ninth such hike over the past year.
2023-03-23 15:08:38

Wall Street eyes Fed interest rate hike

The Federal Reserve will likely hike interest rates on Wednesday, marking the end of the ultra-low rate environment the pandemic ushered in two years ago.
2022-03-16 17:12:59

Stocks sink as investors wait for the Fed's rate hike

So much for Wall Street sitting back and taking it easy while awaiting the Federal Reserve's latest interest rate decision on Wednesday. Stocks slid Tuesday as investors grew anxious about the impact of another big rate hike.
2022-09-21 00:09:01

Bank of England hikes interest rates by half a point for second straight month

The Bank of England announced its seventh interest rate hike in less than a year on Thursday, despite forecasting a recession, as it battles the highest level of inflation of any G7 economy.
2022-09-22 17:07:32

Why is the Powerball prize at a record? Thank Jerome Powell

One of the reasons for the record $1.6 billion jackpot for the Powerball drawing Saturday night is something you wouldn't expect -- the recent run of steep interest rate hikes from the Federal Reserve.
2022-11-07 17:06:22

Get ready for even bigger rate hikes from the Fed

The jobs market is still healthy and paychecks are growing at a solid rate ? although not fast enough to make up for surging prices on just about everything. That means that the Federal Reserve is increasingly certain to raise interest rates in May by a half-point to halt inflation in its tracks.
2022-04-01 21:09:29

Federal Reserve warns US economy path depends on virus

The US central bank brought forward its projection for an interest rate hike into 2023 on Wednesday.
2021-06-16 23:06:17

Novak Djokovic: Court to decide player's Australian Open fate

Judges will hear the player's appeal against his visa being revoked on grounds of public interest.
2022-01-15 22:06:53

Leeds fail with Struijk appeal over red card against Liverpool

Pascal Struijk will serve a three-match ban after Leeds United lose their appeal against his red card for a tackle on Harvey Elliott in the defeat to Liverpool.
2021-09-15 12:06:52

House buyers still face 'significant' cost pressures

Mortgage deals have been rising as expectations of an imminent interest rate cut fade.
2024-05-07 10:09:02

Bankers jailed for interest rate rigging lose appeal

Tom Hayes and Carlo Palombo, convicted for manipulating a key interest rate, have had their appeals dismissed.
2024-03-27 14:11:14

China cuts interest rate to shore up sagging economy

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2022-08-15 07:12:27

UK chancellor accused of wasting billions

The Treasury should have insured government debt against interest rate rises, a research institute says.
2022-06-10 15:24:26

Jerome Powell: US stock markets down after interest rate warning

Federal Reserve chairman Jerome Powell says further interest rate hikes are likely in coming months.
2022-08-27 02:10:22

Analysis: A weird day for Trump, borrowed money and you

It was a bad day for borrowed money, and it was a bad day for former President Donald Trump.
2022-09-22 16:06:22

Goldman Sachs has a new prediction that could affect your wallet

The Federal Reserve is likely to raise interest rates four times this year in response to high inflation and low unemployment, Goldman Sachs advised clients on Sunday evening.
2022-01-10 17:06:36

DOJ appeals court decision that blocked the Trump-era policy allowing US turn away migrants at the southern border

The Biden administration has decided to appeal a federal court decision that blocked the use of a controversial Trump-era policy allowing for the swift removal of migrants at the US-Mexico border.
2022-12-08 04:07:04

The banking meltdown put the Fed in a bind

With just a few days to go until the Federal Reserve's next interest rate decision, US policymakers are sitting between a rock and a hard place.
2023-03-17 20:08:35

Navalny appears in court for first time since ending hunger strike

Jailed Kremlin critic Alexey Navalny appeared in court via videolink on Thursday to appeal a defamation conviction, in his first public appearance since he went on hunger strike.
2021-04-29 17:05:41

Fed makes history with second massive rate hike in as many months

What seemed unfathomable just six months ago -- a 75-basis-point rate hike by the Federal Reserve -- has now happened twice in a row.
2022-07-28 00:06:06

Recession risks are 'uncomfortably high and moving higher,' Mark Zandi says

The war in Ukraine. Red-hot inflation. And rapid interest rate hikes. The economic recovery that began two years ago faces credible threats that could lead to its premature demise.
2022-03-25 22:20:07

Recession risks are 'uncomfortably high and moving higher,' Mark Zandi says

The war in Ukraine. Red-hot inflation. And rapid interest rate hikes. The economic recovery that began two years ago faces credible threats that could lead to its premature demise.
2022-03-27 23:16:12

What rising interest rates mean for you

In its continued bid to quash high inflation, the Federal Reserve on Wednesday raised the overnight bank lending rate to a range of 3% to 3.25%.
2022-09-22 16:06:15

Inflation is bad enough. One country is making it even worse

Unnerved by surging prices, the Bank of England on Thursday became the first major central bank to hike interest rates since the pandemic began. The US Federal Reserve will follow in the coming months, with three rate hikes expected next year.
2021-12-17 15:06:33

Inflation is bad enough. One country is making it even worse

Unnerved by surging prices, the Bank of England on Thursday became the first major central bank to hike interest rates since the pandemic began. The US Federal Reserve will follow in the coming months, with three rate hikes expected next year.
2021-12-17 15:06:39

Four bankers who helped Putin's friend set up Swiss bank account convicted

Four bankers who helped a close friend of Russian President Vladimir Putin move millions of dollars through Swiss bank accounts have been convicted of failing to perform due diligence in financial transactions.
2023-03-30 23:07:14

The Fed may have to blow up the economy to get inflation under control

The Federal Reserve is most likely going to raise interest rates by three quarters of a percentage point again on Wednesday, its fourth straight supersized hike. And it's still possible another rate increase of that magnitude could come in December.
2022-10-31 05:06:27

The Fed may have to blow up the economy to get inflation under control

The Federal Reserve is most likely going to raise interest rates by three quarters of a percentage point again on Wednesday, its fourth straight supersized hike. And it's still possible another rate increase of that magnitude could come in December.
2022-11-01 00:06:20

Bad news for banks: Rates are rising fast

The Federal Reserve's interest rate hikes should boost lending profits for major financial firms. Now, the big banks will have the chance to prove to investors that they can thrive if rates continue to climb.
2022-04-11 17:05:57

Dow plunges 1,000 points, wiping out Wednesday's surge

So much for the good feelings on Wall Street. US markets fell sharply Thursday, eviscerating all of the gains from Wednesday after the Federal Reserve's announcement of its plans to increase in its benchmark interest rate won over investors.
2022-05-05 18:09:11

This is the moment Wall Street has been waiting for

Stocks soared Thursday after new economic data showed that price increases eased in October. Investors cheered the development because it indicates the Federal Reserve's interest rate hikes may finally be cooling inflation.
2022-11-11 00:10:02

The Grinch comes for retailers

Weaker-than-expected retail sales in November pummeled market sentiment on Thursday and raised the odds that the Federal Reserve's inflation-fighting interest rate hikes would push the economy into recession.
2022-12-16 18:08:15

Another big Fed rate hike is coming. But how many more after that?

The Federal Reserve is widely expected to raise interest rates by a half of a percentage point for the second consecutive time at the end of its next meeting on June 15. After that, all bets are off. Bigger rate hikes could be in the cards as consumer prices surge.
2022-06-13 06:07:34

Stocks tumble on fears of another big Fed rate hike

So much for hopes that the Federal Reserve will tap the brakes on its aggressive interest rate hikes. Stocks tumbled Monday morning as investors once again began to worry that the central bank will raise rates by three-quarters of a point next month.
2022-08-22 19:08:27

New year, new voters in Fed policymaking

Every year the Federal Reserve's policymaking committee ? aka the officials who decide interest rate moves ? gets a slight refresh, with four of the district presidents rotating out as official voting members and four rotating in.
2023-01-31 00:19:40

The Fed isn't about to back down from its inflation fight

Twelve days from now, the Federal Reserve will meet again, and expectations for the central bank's next moves are firming up. The consensus among investors: Persistently hot inflation means the Fed will need to continue with its string of aggressive interest rate hikes, which is unprecedented in the modern era.
2022-10-20 16:06:03

Australia's central bank signals more tightening ahead after hiking rates to decade high

Australia's central bank raised its cash rate by 25 basis points to a decade-high of 3.35% on Tuesday and reiterated that further increases would be needed, in a more hawkish policy tilt than many had expected.
2023-02-07 09:12:32

Fed makes boldest move since 1994 to tame raging US inflation

The Federal Reserve raised interest rates by three-quarters of a percentage point on Wednesday in an aggressive move to tackle white-hot inflation that is plaguing the economy, frustrating consumers and stifling the Biden administration.
2022-06-15 22:06:45

Iran unveils state-approved dating app to promote marriage

Authorities are concerned about the Islamic Republic's rising divorce rate and falling birth rate.
2021-07-13 13:06:22

The Fed lifts rates by half a point, acknowledging that inflation is finally easing

The Federal Reserve approved a half-point interest rate hike on Wednesday as part of its aggressive battle to bring down the white-hot inflation that has been plaguing the US economy.
2022-12-16 13:07:41

Turkey's inflation soars to two-decade high of almost 49%

Turkey's annual inflation soared to a 20-year high of 48.7% in January, data showed on Thursday, fueled by President Recep Tayyip Erdogan's push for unorthodox interest rate cuts and a resulting crash in the currency late last year.
2022-02-03 13:06:05

Turkey's inflation soars to two-decade high of almost 49%

Turkey's annual inflation soared to a 20-year high of 48.7% in January, data showed on Thursday, fueled by President Recep Tayyip Erdogan's push for unorthodox interest rate cuts and a resulting crash in the currency late last year.
2022-02-03 13:06:06

Warren Buffett is beating the market this year

Investors around the world have been trying to adjust their portfolios to contend with big interest rate hikes from the Federal Reserve, European Central Bank, Bank of England and other central banks this year. But Warren Buffett has no reason to be worried.
2022-12-15 18:09:26

Fed raises interest rates by half point in biggest hike in 22 years

All eyes will be on the Federal Reserve Wednesday as it wraps up a crucial policy meeting in Washington, DC, the outcome of which will have repercussions for millions of American families and businesses, as well as the economy, ahead of the midterm elections.
2022-05-05 04:06:13

Global markets mixed after US Fed raises rates by a quarter-point

European and Asian markets were mixed during Thursday trade as investors digested the decision by the US Federal Reserve to raise its main interest rate by 25 basis points in a bid to bring down inflation.
2023-03-23 15:08:32

Analysis: Corporate greed is jacking prices higher. It could push customers over the edge

Inflation is ravaging shoppers' wallets and the Federal Reserve has responded by instituting a regimen of painful interest rate hikes that could land the economy in a recession. But corporate profits are surging. US profit margins have reached record levels not seen since the immediate aftermath of World War II.
2023-03-29 14:07:44

Corporate greed is jacking prices higher. It could push customers over the edge

Inflation is ravaging shoppers' wallets and the Federal Reserve has responded by instituting a regimen of painful interest rate hikes that could land the economy in a recession. But corporate profits are surging. US profit margins have reached record levels not seen since the immediate aftermath of World War II.
2023-03-29 17:08:11

Former Obama White House adviser arrested for allegedly stealing over $200,000 from charter schools he founded

A former White House senior adviser for the Obama administration who helped found a network of charter schools is accused of allegedly stealing hundreds of thousands of dollars from the schools and attempting to launder the funds in order to get a lower interest rate on a mortgage for a Manhattan apartment, according to federal prosecutors.
2021-04-28 01:05:39

All eyes are on the Fed as it prepares to announce another potential interest rate hike

All eyes are trained on the Federal Reserve as it prepares to announce another potential interest rate hike Wednesday afternoon -- exactly 10 days after the Biden administration stepped in with dramatic emergency actions to contain the fallout from two bank failures.
2023-03-22 13:08:00


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