The first rule of U-turns, as a veteran former cabinet minister told me last week, is to do them quickly. Liz Truss and Kwasi Kwarteng decided late last night to cut their losses, both saying this morning that the policy of abolishing the 45p rate for those earning more than £150,000 had become a “distraction”.
The pound and government bond yields have recovered some poise in the wake of the government’s U-turn on abolishing the top rate of income tax. Kwasi Kwarteng revealed early on Monday morning that the decision to axe the 45p rate – part of his growth plan revealed last month – would now not happen in
The number of children who died in a stampede at a football match in Indonesia has risen to 32. At least 125 people were killed in the crush on Saturday following the game between Arema FC and Persebaya Surabaya in the city of Malang. Families and friends of some of the dead have begun mourning
Police investigating five fatal shootings in California believe a serial killer might be on the loose in the state. Detectives released a grainy image of a “person of interest” after the latest killing shortly before 2am on Tuesday. The surveillance footage image shows an individual from behind who is dressed all in black, with a
Chancellor Kwasi Kwarteng has confirmed that the government is axing plans to give the wealthiest 1% a tax cut following a bitter backlash from Tory MPs. Mr Kwarteng said in a tweet that the measure had become a “distraction” from his objective to grow the economy. He said: “We get it, we have listened.” Politics
Tesla confirmed today that Gigafactory Berlin has been able to ramp up production to 2,000 electric cars a week for the first time. If this new production rate is maintainable, it is a giant achievement for the automaker. Every automaker in the world is currently navigating an extremely difficult supply chain crisis in order to
8:30 AM ET The fact that there is a division title hanging in the balance as the New York Mets and Atlanta Braves meet this weekend might come as a surprise for anyone who was watching the National League East standings earlier this season. What was once a 10.5-game lead for New York in early
The plans have been honed over years, a strict timetable of procedure for what will be the biggest state funeral and security operation ever held in the UK.
CNN reports on “sham” voting in Russian-occupied areas of Ukraine and the throngs of Russians attempting to flee Putin’s military mobilization. Former Director of National Intelligence and CNN National Security Analyst James Clapper weighs in.
Liz Truss is to delay the vote on cutting the 45p rate of tax for higher earners, a cabinet minister has told Sky News. The policy was announced in last Friday’s mini-budget, but would have to go to a vote of MPs before it could be approved. On Sunday, the party said any Tory MP
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT A Tesla Model Y on display inside a Tesla store at the Westfield Culver City shopping mall in Culver City, California, U.S., on Thursday, April 14, 2022. Bing Guan | Bloomberg | Getty Images Electric vehicle makers Tesla just posted third-quarter vehicle production and delivery numbers
A little under four weeks as prime minister and it couldn’t really have gone worse for Liz Truss. A mini-budget that precipitated a run on the pound (it has rallied a bit since), a £65bn emergency intervention by the Bank of England to prop up pension funds, and the withdrawal of nearly 1,000 mortgage deals
The rush to escape being crushed as police lose control at an Indonesian football match felt grimly familiar for Simon McMenemy. For the last decade, the Scotsman has contended with the heated and dangerous experience of coaching in Indonesia – including as manager of the national team. Speaking to Sky News from the southeast Asian
A nurse has been reunited with a TV reporter she hailed as her “knight in shining armour” after he carried her to safety on his back when she became trapped in floodwaters as Hurricane Ian hammered Florida. Tonya McCullough had been on her way to work at night in Orlando during the violent storm when
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CNN International Security Editor Nick Paton Walsh reports from inside Bakhmut, a town in Eastern Ukraine that has been under siege by Russian President Vladimir Putin’s forces for months. #CNN #News
Leaves on the line disrupting train services promise to be a thing of the past for many more travellers with new technology being introduced by a major train operator. Northern, which runs nearly 2,000 daily services, is fitting a system to 16 passenger trains which will combat slippery rails by spraying water onto them. The
Kwasi Kwarteng is facing calls for an official inquiry following a report that he attended a private champagne reception with hedge fund managers following his mini-budget. The Sunday Times newspaper reported that the chancellor joined the gathering in Chelsea on 23 September and was said to have been “egged on” to pursue his plan of
Liz Truss has admitted that she “should have laid the ground better” for the government’s tax-cutting mini-budget after the pound slumped to a record low. The prime minister said she has “learnt from that” and “will make sure in future we will do a better job of laying the ground”. Ms Truss also doubled down
Oct 1, 2022 SEATTLE — A presentation was taking place inside a conference room at the Seattle Kraken‘s practice facility when one of the doors began to slowly open. Panic began taking shape at that moment. This forced a 6-foot-tall, furry, blue troll with an anchor hoop earring dangling on his left side and a
7:08 PM ET Associated Press TALLADEGA, Ala. — AJ Allmendinger finally won his first race on a superspeedway with a last-lap pass that allowed him to beat Sam Mayer to the Talladega Superspeedway finish line by less than three feet. Allmendinger’s fourth Xfinity Series win of the season locked him into the next round of
At least 174 people have been killed in a riot at a football match in Indonesia, most of whom were trampled to death after police fired tear gas, in one of the world’s worst sporting disasters. Violence flared at the end of the game in Malang, East Java, where hosts Arema lost 3-2 to Persebaya
Tesla has unveiled its latest version of its Dojo supercomputer and it’s apparently so powerful that it tripped the power grid in Palo Alto. Dojo is Tesla’s own custom supercomputer platform built from the ground up for AI machine learning and more specifically for video training using the video data coming from its fleet of
The United Arab Emirates will continue to supply the world with energy for as long as it needs it, its Minister for Climate Change and Environment Mariam Almheiri said in an exclusive interview with CNBC. “As long as the world needs oil and gas, we’re going to give it to them,” Almheiri told CNBC’s Hadley
Protests over mobilisation have taken place in more than a dozen cities across Russia. Police arrested hundreds of people as authorities seek to crack down on dissent over the Ukraine war. Girls as young as 14 years old were among those detained in St Petersburg, reports say, with authorities using stun guns and batons. SUBSCRIBE
The special master overseeing the Mar-a-Lago documents investigation has ordered former President Donald Trump’s lawyers to back up out-of-court assertions that the FBI may have planted evidence at the property during their search last month. Judge Raymond Dearie, the court-appointed special master, said in a filing that Trump’s team needs to submit a sworn declaration
Liz Truss and the Tories’ approval ratings have again plummeted in a fresh poll – as Labour jumped to a 19-point lead. The Opinium poll showed 55% of voters disapprove of the new prime minister and just 18% approve, which is worse than Boris Johnson’s final days in office. Chancellor Kwasi Kwarteng is no more
As we drove towards Fort Myers, what struck us first was the traffic. We were one of thousands of cars trying to get into the worst hit area of Hurricane Ian. The queues started the other side of the state. A line of cars, stuffed with bedding, some with strapped on generators, some pulling rowing
A man has been charged with the murder of nine-year-old Olivia Pratt-Korbel who was shot dead in her home in Liverpool. The Crown Prosecution Service said 34-year-old Thomas Cashman has been charged with the girl’s murder and the attempted murder of her mother Cheryl. Cashman has also been charged with the attempted murder of convicted
At least 77 people have been confirmed dead after Hurricane Ian struck the US – with rescuers desperately searching for survivors among the ruins of flooded homes. The remnants of one of the strongest and costliest hurricanes in American history is now headed north, with authorities in Florida and South Carolina left assessing the damage.
Russian troops have pulled out of the city of Lyman in eastern Ukraine due to the risk they were being encircled by Ukrainian forces, the Kremlin has said. Lyman is in Donetsk – one of the Ukrainian regions that was annexed by Russian President Vladimir Putin in a ceremony in Moscow on Friday. And Mr
Tesla has unveiled its Optimus humanoid robot at its AI Day 2022 today and Elon Musk believes Tesla can bring it to market for “less than $20,000”. As expected, the event started with Tesla unveiling a working prototype of its humanoid robot – a project first announced at Tesla’s AI day in 2021. There were