Sainsbury’s has claimed to be passing on rising costs to shoppers at a slower rate than its competitors, saying its decision is partly responsible for a dip in first-half profits. The UK’s second-largest supermarket chain by market share, which also owns Argos, updated on its progress as the ‘big four’ also including Tesco, Morrisons and
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The Bank of England has raised the base rate of interest by 0.75 percentage points to 3% – the single biggest increase in more than three decades – and said that the UK is already in recession. The Bank warned that the UK could face a protracted contraction in the coming years, with high inflation
North Korea has fired a number of missiles, including what is thought to have been an intercontinental ballistic missile that prompted an evacuation warning for parts of Japan. One of the missiles reached an altitude of 1,200 miles and travelled about 460 miles, Japan’s defence minister Yasukazu Hamada said. The flight pattern – a “lofted
In this article TWTR Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk’s photo is seen through a Twitter logo in this illustration taken October 28, 2022. Dado Ruvic | Reuters Twitter employees are expecting a 50% overall reduction in force after Tesla and SpaceX CEO Elon Musk took the reins of the social network last
The Bank of England is expected to unveil the biggest interest rate rise in decades today. A rise of 0.75 percentage points is anticipated, the biggest since 1992 – pushing the base rate to 3%, a level not seen since 2008. If confirmed, this could push up mortgage bills for millions of people in the
Kanye West paid a settlement to a former employee who alleged he had used antisemitic language in the workplace, according to documents seen by NBC News. In addition, six people who have worked with West or witnessed him in professional settings over the past five years said they had heard the US rapper praise Adolf
Analysis: Biden’s intervention is high risk – and controversial This was no normal pre-election speech, and be in no doubt, an intervention like this is extremely controversial. By saying that only his Democratic Party stands for democracy – however true he may believe that to be – is he essentially telling voters that the nation’s
5:20 PM ET Tottenham forward Son Heung-Min is a major fitness doubt for the World Cup after Spurs confirmed the South Korea star will undergo surgery to stabilise a fracture around his left eye. Son was forced off during the first half of Tottenham’s crucial Champions League victory over Marseille on Tuesday following a challenge
China’s government-owned utility State Power Investment Corporation (SPIC) has launched the world’s first commercial offshore floating solar that’s paired with an offshore wind turbine. SPIC is one of five major electrical utility companies in China, and the world’s largest photovoltaic power generation enterprise. The pilot is located off the coast of Haiyang, a city in Shandong,
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. Fed decision ahead Quick takes on Club earnings 1. Fed decision ahead Stocks edged down Wednesday ahead of the Federal Reserve’s decision on interest rate increases, set for this afternoon.
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At the Arlington National Cemetery, Tomb Guard sentinels are always on duty at the Tomb of the Unknown Soldier – a sacred spot to many Americans and the center of Memorial Day remembrances.
The gunman who killed 17 students and staff in the Parkland school shooting has been formally sentenced to life in prison. A jury in Florida voted to spare Nikolas Cruz from the death penalty last month, instead choosing life in prison without the possibility of parole. The 24-year-old pleaded guilty last year to premeditated murder
In this article QCOM Follow your favorite stocksCREATE FREE ACCOUNT Cristiano Amon, president and CEO of Qualcomm, speaks during the Milken Institute Global Conference on May 2, 2022, in Beverly Hills, Calif. Patrick T. Fallon | AFP | Getty Images Qualcomm shares fell 7% in extended trading on Wednesday after the chipmaker reported in-line fiscal
The Home Office is facing a judicial review over the conditions at the migrant Manston processing centre, the immigration minister has told Sky News. Robert Jenrick said the legal action has begun after reports of severe overcrowding at the centre in Kent, which is meant to hold 1,600 people but has been housing about 4,000
A Labour MP who was the target of a far-right murder plot has criticised a “stupid, stupid, stupid” ITV series dramatising the story. Speaking in the House of Commons, Rosie Cooper accused the broadcaster of using her as a “marketing tool” over The Walk-In, starring Stephen Graham. The drama focuses on informant Robbie Mullen, his
BT Group is expected to increase a multibillion-pound cost-savings target on Thursday as it seeks to counter the inflationary headwinds buffeting the UK economy. Sky News has learnt that Philip Jansen, BT chief executive, is poised to use the telecom giant’s half-results announcement to outline plans to find a further £500m of savings by the
Disturbing reports have surfaced of a young girl’s call to police from inside the scene of the Uvalde school shooting – more than 40 minutes before officers arrived. An exclusive CNN story says the 10-year old told the dispatcher: “I’m in classroom 112. Please hurry. There is a lot of dead bodies.” Khloie Torres was
Thousands of businesses will fail to meet pledges to combat climate change unless they start training employees on sustainability, Microsoft’s President Brad Smith told Reuters. Speaking ahead of a report the software maker released Wednesday, Smith said common instruction on issues like carbon accounting was too piecemeal for the roughly 3,900 companies that have vowed
Rishi Sunak has reversed his decision to skip the COP27 climate summit in Egypt next week – and all his campaign pledges are now under review. Bowing to pressure from environmental campaigners and MPs today, the prime minister he would attend COP27 as there is “no long-term prosperity without action on climate change, there is