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Skype will ring for the last time on 5 May as owner Microsoft retires the two-decade-old internet calling service that redefined how people connect across borders. Shutting down Skype will help Microsoft focus on its homegrown Teams service by simplifying its communication offerings, the office software giant said on Friday. Founded in 2003, Skype quickly…
Elon Musk holds up a chainsaw onstage during the Conservative Political Action Conference (CPAC) in National Harbor, Maryland, U.S., February 20, 2025. Nathan Howard | Reuters The Consumer Financial Protection Bureau‘s Trump-appointed leadership plans to fire nearly all its 1,700 employees while “winding down” the agency, according to testimony from employees. In a trove of…
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Inflation eased slightly in January as worries accelerated over President Donald Trump‘s tariff plans, according to a Commerce Department report Friday. The personal consumption expenditures price index, the Federal Reserve’s preferred inflation measure, increased 0.3% for the month and showed a 2.5% annual rate. Excluding food and energy, the core PCE also rose 0.3% for…
People shop and walk in the shopping streets in the city center of Munich, Bavaria, Upper Bavaria, Germany, on February 20, 2025. Michael Nguyen| Nurphoto | Getty Images German annual inflation came in at an unchanged but higher-than-expected 2.8% in February, provisional data from statistics agency Destatis showed Friday. The print is harmonized across the…
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Bank of England policymakers must proceed cautiously – like mountaineers – as they cut interest rates in the months ahead as inflation risks rise, according to the central bank’s deputy governor, Dave Ramsden. In a speech at Stellenbosch University in South Africa, Ramsden – a climber himself – returned to the mountain analogy previously used…
An uncommon meteorological event unfolded on Tuesday when six named tropical cyclones were active simultaneously in the southern hemisphere, several in close proximity to one another. Three developed in the south-west Pacific. Severe Tropical Cyclone Alfred formed on 20 February in the Coral Sea to the north-east of Australia, reaching an intensity equivalent to a…
Liverpool made a loss of £57m last season after missing out on the Champions League while wages and overhead costs increased, the club’s latest accounts have revealed. Liverpool’s accounts for the year to 31 May 2024 show revenue rose by £20m to £614m, with commercial revenue breaking £300m for the first time. But with media…
