High levels of national debt will hurt the UK’s ability to fund public services and respond to economic crises, a think tank has said. Not in the last 300 years has there been as large a peace time increase in the amount of government borrowing, the Resolution Foundation said. In the last 15 years alone
After revealing plans to issue another $1.5 billion in convertible debt, concerns about Rivian’s (RIVN) financial health have risen. The EV maker’s CEO, RJ Scaringe, explained that the debt offering creates an additional buffer rather than reflecting concerns over cash. Rivian revealed in an 8K filing earlier this month that it plans to offer $1.5
The top 10 things to watch on Wednesday, Oct. 18 1. U.S. stock are under pressure in premarket trading Wednesday, with S & P 500 futures down 0.47%. Bond yields are steady, with that of the 10-year Treasury holding above 4.8%. And oil prices climb higher amid escalating tensions in the Middle East, as West
Polling has opened in two crunch by-elections taking place today in Mid Bedfordshire and Tamworth. Voters in the constituencies will have until 10pm to decide who they want to represent them in parliament, following the resignations of Conservative MPs Nadine Dorries and Chris Pincher. Ms Dorries, a key ally of Boris Johnson, officially quit her
The BBC daytime soap Doctors will end after 23 years, with the corporation blaming “super inflation” in drama production and “funding challenges”. The series, about the doctors and staff at a busy Midlands GP practice, launched in 2000. Its final episode will air in December 2024 and the BBC said it will be working to
Labour has taken Tamworth from the Conservatives in a historic by-election victory for Sir Keir Starmer’s party. The seat in Staffordshire has been held by the Tories since 2010, with the last election seeing the party secure a majority of almost 20,000. But it was left vacant by former deputy chief whip Chris Pincher, who
Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, June 16, 2023. Chesnot | Getty Images X, formerly Twitter, will begin a test that charges new users $1 annually in order to “post & interact with other posts,”
Manchester Arena bomber Salman Abedi died from suicide “while undertaking a terror attack that murdered 22 innocent victims and injured many others”, an inquest has concluded. The medical cause of the 22-year-old’s death was blast injuries. Sir John Saunders, chairman of the public inquiry into the terror attack, was legally obliged to hold an inquest
“Thanks so much for celebrating our story with us,” was the message from Easy Life, after playing their final gigs under that name. “See you later, maybe never.” For the band and their thousands of fans, hopefully there will be another chapter. The two gigs, hastily organised for London and their hometown of Leicester, came
Rishi Sunak has failed to endorse cross-party calls for a cessation of hostilities between Israel and Hamas. In response to a question from the SNP Westminster leader Stephen Flynn, the prime minster said Israel has a “right to defend itself, to protect its people and to act against terrorism and ensure that the awful attack
US President Joe Biden has said an explosion that killed hundreds in a hospital in Gaza appears to not have been caused by Israel but “by the other team”. “Based on what I’ve seen, it appears as though it was done by the other team, not you,” Mr Biden told Israeli Prime Minister Benjamin Netanyahu
An explosion at the al Ahli hospital in Gaza on Tuesday evening killed scores of Palestinians. Here is what we know so far. What happened at the hospital in Gaza? There was a strike on al Ahli al Arabi hospital in Gaza City on Tuesday evening, around 7pm local time. The exact number of people
Some schools will close and people are being told to stay at home as Storm Babet bears down on parts of the UK. The Met Office has issued a rare red warning for “exceptional and persistent” rain in eastern Scotland, as well as amber and yellow warnings for wind and rain in other areas. The
The Australian High Court has reversed a tax on EVs levied by the Victorian state government, which was hailed as the “worst EV policy in the world” as it taxed EVs and not gas-powered vehicles. In 2021, the Victorian State Government proposed a tax on EVs, with the rationale that it needed to make up
Heavy electrical transmission lines at the powerful Ivanpah Solar Electric Generating System, located in California’s Mojave Desert at the base of Clark Mountain are viewed near Primm, Nevada, July 15, 2022. George Rose | Getty Images News | Getty Images The world has to add or replace 49.7 million miles of transmission lines by 2040
Daniel de la Hoz It’s no secret that Generation Z grew up surrounded by technology, but the way these youngsters use certain features and gadgets may surprise you. Generation Z, commonly referred to as Gen Z or Zoomers, is made up of people born after 1997, according to the Pew Research Center. They have already
A summit between between Palestinian, US, Jordanian and Egyptian leaders, has been cancelled, just hours before Joe Biden was due to visit the region. The US president was set to meet them after his visit to Israel on Wednesday. The summit’s cancellation is a blow to Mr Biden’s diplomatic efforts over the Middle East crisis.
Britney Spears says she had an abortion while dating Justin Timberlake more than 20 years ago. The revelation came from an excerpt of the US pop star’s upcoming memoir – a selection of extracts which were published on Tuesday by People magazine. In the excerpt, Spears described the pregnancy as a “surprise”, but wrote: “For
Coleen Rooney’s new documentary gives her account of one of the biggest tabloid stories in recent years and the thrilling court battle that followed. The wife of ex-England footballer Wayne Rooney accused Rebekah Vardy of leaking stories from her private Instagram account to The Sun newspaper. Vardy, whose husband is Leicester City striker Jamie Vardy,
At least 500 people have been killed in a bombing of a hospital in Gaza City, the Palestinian Health Ministry has claimed. A spokesman for the ministry said in a statement: “Initial estimates indicate that between 200 and 300 martyrs were killed in the bombing that targeted Baptist Hospital in Gaza city.” The ministry later