Bank of England governor frets over impact of budget on businesses and Trump's return
Wednesday, 4 December 2024 Business reaction to the budget is the "biggest issue" facing the Bank of England, according to its governor - while he also contemplates the impact of Donald Trump's looming return to the White House.
California Governor Gavin Newsom has taken a swipe at President Donald Trump ... using pop culture to make his message loud and clear. As demonstrations against.. TMZ.com
As Iran prepares to present a nuclear proposal to the U.S., Israeli military plans for a potential unilateral strike are nearly complete. Reports suggest Israel is moving munitions and reviewing final scenarios, while diplomatic efforts falter. A call between Trump and Netanyahu triggered emergency security meetings, highlighting deepening mistrust of Iran’s intentions. Israeli officials fear Tehran won’t abandon enrichment, while the U.S. seeks full denuclearization. With Iran weakened by sanctions and regional proxies losing ground, Israeli urgency grows—though U.S. officials warn that a strike could ignite a broader regional conflict.
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Former Speaker Nancy Pelosi is criticizing Donald Trump for deploying the National Guard to Los Angeles without Governor Gavin Newsom's consent, calling it a violation of Article 10 of the Constitution. Pelosi compared this to Trump’s refusal to deploy the Guard during the January 6 Capitol riot, despite bipartisan pleas. “And yet, in a contra-constitutional way, he has sent the National Guard into California,” she said. With legal and political tensions rising, Pelosi warns: "Something is very wrong with this picture."
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Andrew Bailey says he is "very pleased" that the UK and the US have reached a trade deal agreement. But the governor of the Bank of England adds the deal will become much more important "if it becomes the trendsetter" for agreements involving the rest of the world. His comments come after the Bank of England cut interest rates from 4.5% to 4.25%. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Rachel Reeves has welcomed the cut to interest rates announced by the Bank of England. Interest rates have gone from 4.5% to 4.25%. Ms Reeves said: "We have had four interest rate cuts now in ten months. It's so important that this government has returned stability to the economy." Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The Bank of England has cut interest rates from 4.5% to 4.25%. Shadow chancellor Mel Stride reacted to the news, claiming Labour's policies have prevented higher cuts to interest rates. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Mark Carney is set to become Canada’s next Prime Minister after a landmark Liberal victory over the Conservatives. Once an unelected leader appointed after winning the Liberal Party leadership in March 2025, Carney now holds a voter-backed mandate. The former Governor of the Bank of Canada and Bank of England, Carney is renowned for steering economies through crisis—from the 2008 financial meltdown to Brexit. With growing tensions from the U.S., including threats from President Donald Trump over trade and sovereignty, Carney faces challenges aplenty. Watch now for a deep dive into how this economist-turned-politician secured power and what it means for Canada’s future.
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Former Bank of England policymaker Michael Saunders welcomed March’s lower inflation but warned it may be short-lived. He said rising energy bills, tax hikes, and fallout from US trade tensions could push UK inflation above 3% next month, while also slowing growth, investment and potentially increasing unemployment later this year. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
California labor leader David Huerta was arrested during an anti-ICE protest and charged with “conspiracy to impede an officer.” Released on a $50,000 bond, Huerta, who represents over 750,000 workers through SEIU, reaffirmed his call for nonviolent resistance. His arrest during a federal immigration raid has ignited outrage, with SEIU President April Verrett warning of broader threats to democracy. Local protests escalated into unrest as Trump’s immigration crackdown deepens tensions in Los Angeles. Governor Newsom now faces direct threats from the White House after challenging ICE publicly.
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As Los Angeles erupts in chaos over Trump’s immigration enforcement crackdown, the White House has deployed 700 U.S. Marines and 2,000 additional National Guard troops to the city — all without California Governor Gavin Newsom’s consent. The dramatic military surge, aimed at quelling violent protests and protecting federal property, has ignited a fierce legal and political battle. Governor Newsom and Attorney General Rob Bonta have launched a lawsuit against what they call a “dictatorial overreach,” accusing Trump of violating state sovereignty.
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The bromance is officially dead. U.S. President Donald Trump is reportedly considering selling off his red Tesla—once a show of support for Elon Musk—following a bitter exchange of insults. Musk claimed credit for Trump’s political survival, while Trump threatened to slash Tesla and SpaceX’s federal contracts. From personal cars to national budgets, nothing seems off-limits in this feud. Sources say the Tesla may be given away or sold off. Is this a petty move or a political statement? Dive into the clash that’s redefining tech-power ties in D.C.
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Merz in Washington: Did Germany's chancellor achieve everything he wanted from Trump talks?
German Chancellor Friedrich Merz met US President Donald Trump at the White House on Thursday afternoon. But did Merz get everything he wanted from the talks?
READ MORE : http://www.euronews.com/2025/06/05/merz-in-washington-did-germanys-chancellor-achieve-everything-he-wanted-from-trump-talks
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Credit: euronews (in English) Duration: 01:10Published
In a major legal setback, Judge Juan Merchan has ruled that Donald Trump's felony conviction in the New York hush money case will stand, rejecting his claim for presidential immunity. This ruling comes..
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