Markets

United Kingdom families being hit hard, says Bank of England

A year ago the United Kingdom economy grew by 1.8%. While inflation, now at 2.3%, would likely peak at close to 3% in late 2017, the Bank said the pound's gain since the British General Election would help inflation ease back in 2018 and 2019. [Full Article...]

Always Dreaming pulls away to win Kentucky Derby

Always Dreaming pulls away to win Kentucky Derby Classic Empire, the morning line favorite, got up for fourth despite getting nearly wiped out when the gates opened. "McCraken came and almost knocked us". He took three tries to get his first win, accomplishing that on January 25 at Tampa Bay Downs, then moved to Gulfstream Park where he won an allowance race against ordinary competition. [Full Article...]

Eurovision 2017 results: United Kingdom finish in fifteenth place as Portugal win

Eurovision 2017 results: United Kingdom finish in fifteenth place as Portugal win Sobral topped the scoreboard with 758 points, narrowly beating out Bulgaria's Kristian Kostov with " Beautiful Mess " on 615 points. The winning song , " Amar Pelos Dois " (" For The Both Of Us ") was written by Sobral's sister, Luisa. With Eurovision being known as "gay Christmas" to some in the LGBT community, some fans were concerned at just how welcome members of this groups would be when... [Full Article...]

Trump says Comey was 'showboat' and he planned to fire him anyway

Trump says Comey was 'showboat' and he planned to fire him anyway Trump also thanked Comey in his letter firing him for telling he wasn't under investigation, an exchange he said happened three times . In a surprising turn of events, Andrew actually contradicted the White House's assertion that the Federal Bureau of Investigation lost faith in James and that's why they let him go. [Full Article...]

Snapchat shares plummet as company posts $2.2 billion loss

Following a high-profile and successful IPO in March, the social media darling reported a net loss of $2.2 billion, with a loss per share of $2.31 in the first quarter. Facebook has now launched Snapchat-like camera features in Messenger, WhatsApp, Instagram and its flagship app. Facebook introduced a feature very similar to Snapchat's "Stories" for its main network and the photo-sharin... [Full Article...]

Nigeria, others benefit as oil prices surge 3 per cent

The organisation also revised its growth estimate for oil output outside OPEC to 950,000 bpd from 580,000 previously, primarily due to the impact of higher U.S. "With demand continuing to surprise to the upside", the global supply deficit may be as wide as 2 million barrels a day by July, he said at the S&P Global Platts Global Crude Summit in London on Wednesday. [Full Article...]

China To Begin Importing U.S. Beef

China To Begin Importing U.S. Beef The U.S. Department of Commerce on Thursday announced the first fruits of the Florida meeting last month between President Donald Trump and Chinese President Xi Jinping . trade deal. "The challenge is selling manufactured goods into China-there isn't anything in this deal to suggest China is going to become more open to US -manufactured exports", said Brad Setser, a senior fellow at the Counc... [Full Article...]

Acting FBI Dir. McCabe Calls Russia Probe "Highly Significant"

Comey to pledge his loyalty during a private dinner in January, but was instead only assured of his "honesty". A Morning Consult/Politico poll conducted last week found that 62% of Republicans and just 16% of Democrats thought Trump was right to fire Comey, while 58% of Republicans and just 9% of Democrats told NBC they approved of Trump's decision. [Full Article...]

BoE Leaves Its Bank Rate At 0.25%, Maintains Bond Purchases At £435B

The Bank of England's top economists have voted to keep interest rates on hold as expected, but a warning that falling real wages for British consumers will hold back the economy more than previously expected pushed sterling slower. The figure is a point lower than the 2.0 percent estimate made in February. "Despite 1Q17 GDP growth disappointing the Bank's forecasts, the focus today will be on w... [Full Article...]

Donald Trump warns James Comey over 'leaks' in explosive Twitter rant

Trump and Comey's relationship was strained early on, in part because of the president's explosive and unsubstantiated claims that Barack Obama wiretapped Trump Tower. President fired off several early-morning tweets. "What I did was I was going to fire Comey ". Sanders again suggested that any Democrats critical of Trump's decision are hypocrites because they would have welcomed Comey's ... [Full Article...]

Cyber attack criminals will be brought to justice, investigators pledge

Cyber attack criminals will be brought to justice, investigators pledge A global cyber attack leveraging hacking tools believed to have been developed by the U.S. National Security Agency has infected tens of thousands of computers in almost 100 countries, disrupting Britain's health system and global shipper FedEx . [Full Article...]

AI misses repeat in 2017 Kentucky Derby, but here's what we learned

AI misses repeat in 2017 Kentucky Derby, but here's what we learned Trainer Pletcher and jockey Velazquez have joined forces on many occasions and are regarded as one of the most powerful combinations in American racing after winning a series of big-race triumphs over the years. "We got knocked around a little bit leaving there but from that point on we had a pretty uneventful trip", Hernandez said. No other horses threatened him down the stretch and Velazquez fur... [Full Article...]

India's Modi emphasizes links with Sri Lanka to deepen ties

Prime Minister Narendra Modi on Friday said that Buddhism's message of peace is the answer to the growing phenomenon of terrorism across the world. "An opportunity to achieve a quantum jump in our partnership across different fields", the Indian Prime Minister said this morning at the opening ceremony of the worldwide conference held to mark UN Vesak Day celebrations at the BMICH. [Full Article...]

North Korea fires unidentified projectile, reports say

North Korea fires unidentified projectile, reports say The missile was sacked from the region of Kusong, northwest of Pyongyang, where the North in February successfully test-launched an intermediate-range missile that it is believed to be developing. North Korea launched the Pukguksong-2 missile, an upgraded, extended-range version of its submarine-launched ballistic missile (SLBM), from the same Kusong site on Feb 12. [Full Article...]

China, U.S. reach trade agreements on beef, poultry and natural gas

How can Commerce Secretary Wilbur Ross say 'we do not intend to endanger anybody's health or safety in the U.S.' when he is allowing potentially unsafe chicken into the country? Underscoring the shared emphasis on cooperation, the Trump administration's delegation to the Beijing conference is to be headed by Matt Pottinger, a special assistant to the president and senior director for east Asia a... [Full Article...]

Infosys pushes salary hikes to July, even later for executives

Infosys pushes salary hikes to July, even later for executives Despite hiring new engineers, two of the seven HR heads confirmed to livemint that numerous firms will end with fewer employees than they started with by the end of the year. Stating that the reports of mass layoffs were incorrect, it said workforce realignment, linked to performance appraisal processes, is a regular feature every year. [Full Article...]

U.S. could use government shutdown

Votes on the United States dollars $1.1tn budget deal which would fund the government through September are expected this week. First, they still hope to restart an effort to repeal and replace the Affordable Care Act, known as Obamacare. "It may be if things don't get better, we get to that point", Mulvaney admitted. "One that really drives the message back home to people that it really was as ... [Full Article...]

All countries should respect each other's sovereignty: Chinese President at OBOR

Xi announced an additional $124 billion in funding for the OBOR initiative, including loans, grants and $8.7 billion in assistance to developing countries. "No matter if they are from Asia and Europe, or Africa or the Americas, they are all cooperative partners in building the Belt and Road". In his opening remarks, Jinping said: "All countries should respect each other's sovereignty, dignity an... [Full Article...]

Portugal's Salvador Sobral wins Eurovision

Portugal's Salvador Sobral wins Eurovision After being crowned the victor, Salvador took to the stage for one final rendition of his winning song, this time being joined on stage by his sister Louisa, who as well as composing the song filled in for her sibling whilst he was absent from rehearsals. [Full Article...]

Mnuchin getting questions on tax reform at G7 meeting

Already, Trump has yanked the United States out of the 12-nation Trans Pacific trade agreement and threatened to pull out of its NAFTA agreement with Canada and Mexico. The G7 countries are Canada, France, Germany, Japan, Italy, the United States and the United Kingdom. Mnuchin is due to explain Trump's plans to cut business taxes and regulation, and explain Trump's push for what he consider... [Full Article...]


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