Europe’s macroeconomic outlook is brighter — but markets may be underestimating the potential for sudden destabilization due to geopolitics, the vice-president of the European Central Bank said Thursday. “We are talking about the electoral cycle that is going to take place not only in the U.S., but as well in Europe. And simultaneously, we are…
Introduction: Japan shrinks faster than expected Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Japan’s economy has made a weak start to 2024, shrinking faster than expected, and confirming the UK as the joint fastest-growing G7 country this year. Japan’s GDP contracted at an annualised rate…
Climate change will be a lesser priority in Florida and largely disappear from state statutes under legislation signed on Wednesday by the state’s governor, Ron DeSantis, in a move which experts say ignores the reality of Florida’s climate threats. The legislation, which comes after Florida had its hottest year on record since 1895, also bans…
A primary school in south Devon has closed as it does not have drinking water as officials investigate a local outbreak of a disease that causes sickness and diarrhoea. The UK Health Security Agency (UKHSA) said 22 cases of cryptosporidiosis, a waterborne disease caused by a microscopic parasite, had been confirmed in Brixham and more…
Police on Wednesday took back a lecture hall from pro-Palestinian protesters who for hours occupied the building at the University of California, Irvine, then cleared a student encampment that stood for more than two weeks, witnesses said. Officers from about 10 nearby law-enforcement agencies converged on the campus after university officials requested help because protesters…
Walmart shopping bag is seen in Krakow, Poland on February 9, 2024. Jakub Porzycki | Nurphoto | Getty Images Check out the companies making headlines in premarket trading. Under Armour — The sportswear maker’s Class A shares slumped 11% and its Class C stock fell 9% after it issued lower-than-expected full-year earnings guidance. Under Armour…
A BT Group Plc logo on a EE/BT Group Plc store in London, UK, on Wednesday, May 17, 2023. Hollie Adams | Bloomberg | Getty Images LONDON — Shares of BT Group surged Thursday after the firm announced a target of a further £3 billion ($3.8 billion) in cost savings. BT shares were up 14.9%…
The European Commission has opened an investigation into the owner of Facebook and Instagram over concerns that the platforms are creating addictive behaviour among children and damaging mental health. The EU executive said Meta may have breached the Digital Services Act (DSA), a landmark law passed by the bloc last summer that makes digital companies…
A one-year-old girl has been killed after being hit by a Land Rover in a church car park in Balmedie, north of Aberdeen. Police Scotland has launched an investigation into the incident, which happened at 7.45pm on Wednesday in the grounds of a Plymouth Brethren church on Eigie Road. The girl was taken by ambulance…
Keir Starmer has vowed to deliver stability as the cornerstone for changing Britain, unveiling his party’s six election pledges amid a fanfare of endorsements from senior public figures. “There is no quick fix to the mess that the Tories have made of this country,” the Labour leader told the launch event in Essex, attended by…
