Former Bank of England governor named new prime minister of Canada

Bailey: Interest rate cut was a finely balanced decision

Bank of England governor Andrew Bailey says cutting the interest rate from 4.25% to 4% was a "finely balanced decision". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Bailey: Uncertainty about path of future interest rates

Bank of England governor Andrew Bailey says there is "genuine uncertainty about the course of the direction" of interest rates, despite today's cut and his belief that the path will continue downwards. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Bank of England cuts interest rate to 4%

Bank of England governor Andrew Bailey announces an interest rate cut from 4.25% to 4%, adding that inflation is expected to hit 4% in September. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Govt: Water system is broken

The system for regulating water companies should be overhauled and replaced with one body for England and one body for Wales, a landmark review of the sector has advised. The much-anticipated report from the Independent Water Commission, led by former Bank of England deputy governor Sir Jon Cunliffe, outlines 88 recommendations to the UK and Welsh governments. Water minister Emma Hardy says she cannot guarantee the government will implement all 88 recommendations. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Trump SLAPS 35% Import Tariff On Canada, Citing Ottawa’s Failure To Curb Fentanyl Flow Into U.S

U.S. President Donald Trump has ignited a global trade storm by raising tariffs on Canadian imports to 35%, accusing Ottawa of failing to curb fentanyl and drug flows into America. Prime Minister Mark Carney defended Canada’s efforts, but Trump claimed negotiations fell short. The new rate—up from 25%—comes amid broader tariffs hitting dozens of countries. Despite the USMCA shielding nearly 90% of Canadian exports, key goods like dairy, wood, and leather may still be taxed. Trump spared Mexico for now but warned that other nations—including Taiwan, India, Laos, and even Switzerland—face harsh levies, some as high as 41%. Critics warn of soaring consumer prices and economic disruption, but the White House insists the tariffs are "rebuilding the greatest economy in history." With global trade talks in limbo and retaliations expected, this marks Trump’s boldest move yet in his battle to reset world commerce. #TrumpTariffs #CanadaTradeWar #USCanadaTensions #35PercentTariff #GlobalTradeCrisis #DrugPolicy #USMCA #TrumpNews #FentanylCrisis #MexicoTrade #IndiaTariff #TaiwanSanctions #Laos40PercentTariff #TradeDeficit #TrumpTradePolicy #MarkCarney #WhiteHouseOrders #EconomicShockwave #TrumpVsWorld #TradeWar2025 ~GR.125~HT.408~

Canada’s Hypocrisy Exposed! Secretly supplied weapons to Israel; now plans to recognise Palestine

A shocking new report reveals Canada has secretly supplied weapons to Israel amid the Gaza conflict, contradicting its stated export freeze. Activist researchers traced at least 13 arms-linked flights from Toronto, many via civilian carriers like Air Canada and Lufthansa. Items shipped included F-35 parts, radar gear, and ammunition. Elbit Systems is identified as a major recipient. The exposé surfaces just as PM Mark Carney announces recognition of Palestine, admitting Israeli settlement expansions have rendered negotiations "no longer tenable." #CanadaIsrael #Palestine #ArmsExports #GazaGenocide #CanadianHypocrisy #ElbitSystems #MilitaryLeaks #DoubleStandards #HumanRights #CarneySpeech #WeaponShipments #TorontoFlights #CivilianFlightsUsed #IsraelCanadaTies #ExposeCanada #WarProfiteering #F35Parts #RadarExports #WestBank #MiddleEastCrisis #ActivistReport #GazaUnderAttack #InternationalLaw #DefenceDeals #BreakingNews #CanadaPolitics #CanadianComplicity Also Read France's Recognition of Palestine Could Influence Future Middle East Dynamics :: https://www.oneindia.com/international/france-recognition-state-palestine-middle-east-dynamics-011-7810889.html?ref=DMDesc Israel And Syria Agree To ceasefire: US Ambassador To Turkey :: https://www.oneindia.com/international/israel-and-syria-agree-to-ceasefire-us-ambassador-to-turkey-011-7805781.html?ref=DMDesc ‘She Used Me for Money’: Israeli Father’s Struggle to See Daughters After Gokarna Rescue :: https://www.oneindia.com/bengaluru/she-used-me-for-money-israeli-father-s-struggle-to-see-daughters-after-gokarna-rescue-011-7804789.html?ref=DMDesc ~ED.420~HT.408~GR.122~

‘Hamas Can…’ Canada’s BIG Announcement For Palestine |Israel SLAMS Canada For ‘Distorted Campaign’

In a seismic shift in foreign policy, Canada has announced it will formally recognise the State of Palestine at the 80th UN General Assembly session in September 2025. Prime Minister Mark Carney declared the move essential to preserve hopes of a two-state solution—calling current efforts "eroded before our eyes." The decision follows similar recognitions by France and the UK, creating a powerful bloc pushing for Palestinian statehood. However, Carney made the recognition conditional—insisting on PA reforms, 2026 elections excluding Hamas, and full demilitarisation. Israel has blasted the decision, calling it a "distorted campaign of international pressure" and warning it legitimises Hamas's October 7 atrocities. Palestinian President Mahmud Abbas hailed the move as “historic.” The tension between international recognition and Israeli resistance could reshape global diplomacy on the conflict. #Canada #Palestine #Israel #UNGeneralAssembly #TwoStateSolution #MarkCarney #PalestinianState #Gaza #Hamas #Abbas #MiddleEast #IsraelPalestine #PeaceProcess #UNGA2025 #France #UK #Ottawa #Jerusalem #Diplomacy #BreakingNews Also Read Far-Right Minister Itamar Ben-Gvir's Visit to Jerusalem Site Stirs Controversy :: https://www.oneindia.com/international/far-right-minister-itamar-ben-gvir-controversial-visit-jerusalem-011-3831673.html?ref=DMDesc Israel's First Reaction On Ireland And Norway Over Recognition Of Palestinian State :: https://www.oneindia.com/international/israels-first-reaction-on-ireland-and-norway-over-recognition-of-palestinian-state-3831297.html?ref=DMDesc Biden hails Australia as "anchor to peace and prosperity" in the Pacific :: https://www.oneindia.com/international/biden-hails-australia-as-anchor-to-peace-and-prosperity-in-the-pacific-gen-3667943.html?ref=DMDesc ~HT.318~ED.102~GR.124~

Canada's BIG Blow To US: Carney RISES As Trump’s Tariffs ISOLATE U.S, Vows Stronger Trade Ties

Amid escalating trade hostilities from Trump’s high‑tariff agenda, Canada is forging a bold new path. Industry Minister Mélanie Joly announced Ottawa’s plan to defend jobs and supply chains by intensifying economic diplomacy and forging trade ties beyond the U.S. “While the U.S. becomes weaker,” Joly declared, “we will become stronger.” With Washington threatening a sweeping 35% tariff starting August 1—and even mooting 50% levies on copper and 200% on pharmaceuticals—Canada is accelerating deals with the EU and diversifying its export strategy. Prime Minister Mark Carney called urgent cabinet and provincial meetings to map out the response and signal unity. Ottawa remains poised not just to withstand the U.S. onslaught but to come out fortified. As global unpredictability grows, Canada is betting big on economic resilience and a multipolar trade future. #canadatrade #trumptariffs #economicdiplomacy #tradewar #diversification #ottawastrength #usacceleration #eutrade #supplychain #globalmarkets #protectjobs #markcarney #melaniejoly #canadianexports #tariffthreat #northamerica #economicstrategy #canadagetsstronger #trumpeconomics #worldtrade

Trump slaps 35% tariff on Canada—Carney fires back as trade war threatens to explode before August 1

Tensions between the U.S. and Canada are boiling over as President Donald Trump announces a massive 35% tariff on Canadian imports, set to take effect August 1. Canadian Prime Minister Mark Carney vows to protect workers and industries, warning of strong retaliation. With Trump linking the tariffs to Canada’s fentanyl response and trade imbalances, Carney dismisses the accusations and pledges to stand firm. Is North America heading toward a full-blown trade war? #TradeWar #TrumpTariffs #CanadaVsUS #MarkCarney #USCanadaTensions #TariffDeadline #EconomicCrisis #FentanylCrisis #Protectionism #BreakingNews ~HT.410~GR.124~PR.274~ED.102~