Former Bank of England policymakers have called on governor Andrew Bailey to scale back or halt the central bank’s bond-selling programme, warning it is pushing up government borrowing costs. Four ex-members of the Bank’s monetary policy committee (MPC) said Britain’s long-term gilt yields, now at a 27-year high, are intensifying pressure on chancellor Rachel Reeves ahead of her 26 November autumn budget. While global factors such as trade tensions and US Federal Reserve policy contribute, the Bank has acknowledged its £100bn programme of quantitative tightening (QT) is adding to the strain. Since last year, the Bank has sold around £100bn…
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Romania says an unmanned aircraft entered its territory during Russia’s latest strikes on Ukraine, an incident that led to NATO jets being deployed. At the same time, Poland activated emergency measures over possible drone threats close to its border. Romanian Airspace Breach The Defence Ministry in Bucharest announced that a drone crossed roughly 10 kilometers into Romanian airspace before disappearing from radar near the Danube Delta settlement of Chilia Veche. Officials highlighted that the craft flew at low height and did not endanger towns or villages. To counter the intrusion, two Romanian F-16s took off, joined by Eurofighters stationed in…
Danish researchers analyzed data from over 77,000 adults using anti-obesity medications without diabetes. They found that 52 percent stopped taking the drugs within one year. Eighteen percent quit within three months, 31 percent quit within six months, and 42 percent quit after nine months. Younger adults, men, and residents of low-income areas showed the highest dropout rates. GLP-1 Drugs Lose Effectiveness When Stopped Ozempic and Wegovy belong to the GLP-1 receptor agonist class, which mimics hormones to reduce appetite. Patients regain weight quickly if they discontinue treatment. Researchers warn that these medications require long-term use to maintain benefits. Professor Reimar…
Trump links action to energy policy US President Donald Trump said he is ready to impose stronger sanctions on Russia. But he demanded that Nato members first stop importing Russian oil. On his Truth Social platform, he wrote he was “ready for major sanctions on Russia” once Nato states had “agreed and started to do the same.” Trump has repeatedly threatened tougher measures against Moscow. Yet he has not acted when the Kremlin ignored his deadlines. He called the purchase of Russian oil “shocking.” He also urged Nato to apply tariffs of 50 to 100 percent on China. He argued…
Fitch Ratings has downgraded France’s credit rating from AA- to A+, citing political instability and uncertainty over managing rising public debt. The agency warned that without decisive action, France’s debt, currently at 113.2% of GDP, could reach 121% by 2027, and the deficit is unlikely to fall below 3% by 2029. The downgrade follows the ousting of Prime Minister François Bayrou after a failed budget plan. Finance Minister Eric Lombard emphasized the strength of the economy and ongoing consultations to restore public finances, but economists note France’s high deficit and political fragmentation make fiscal consolidation difficult. Despite these concerns, inflation…
Warsaw, September 13, 2025 — Poland has reinforced its eastern frontier with roughly 40,000 troops as large-scale Russian and Belarusian exercises get underway. The Zapad-2025 maneuvers, taking place close to NATO borders, have prompted Warsaw to boost defenses and issue fresh security measures. Borders Sealed During Exercises Authorities confirmed that road and rail crossings with Belarus will be shut from midnight. Leaders in Warsaw argue the step is essential for national safety while the neighboring drills proceed. They described the exercises as aggressive in tone and potentially destabilizing for the region. Purpose of Zapad-2025 Officials in Minsk and Moscow maintain…
The United Nations General Assembly approved a resolution supporting an independent Palestinian state and a two-state solution. The resolution condemns Hamas’s October 7 attack on southern Israel and Israel’s siege that caused a humanitarian disaster in Gaza. Strong International Support Out of 193 UN members, 142 voted in favor, 10 opposed, and 12 abstained from the New York Declaration. France and Saudi Arabia introduced the resolution, which grants the Palestinian Authority full control over all Palestinian territories. The measure calls for a transitional administrative committee to take charge immediately after Gaza achieves a ceasefire. Hamas Must Disarm and Release Hostages…
Seven firms under scrutiny Seven technology firms face a US investigation into how their artificial intelligence chatbots interact with children. The Federal Trade Commission (FTC) demands details about safety measures and how the companies make money from these tools. The debate on children and AI grows louder. Many experts warn that young people remain highly vulnerable. Chatbots can mimic emotions and act like friends, blurring the line between real and artificial companionship. The inquiry targets Alphabet, OpenAI, Character.ai, Snap, XAI, Meta and Instagram. Each company has been asked to respond. FTC wants answers FTC chairman Andrew Ferguson said the probe…
AstraZeneca has halted its £200m Cambridge research site expansion, putting its entire £650m UK investment plan on hold.The project was expected to create 1,000 jobs, following the earlier cancellation of a £450m Merseyside vaccine facility.A spokesperson said the company continually reassesses investment needs and offered no further comment.Meanwhile, AstraZeneca plans $50bn in US investments by 2030, including new facilities in Virginia and lab expansions in several states.The pause comes amid wider UK industry setbacks, with Merck scrapping a £1bn London research centre and cutting 125 jobs.Sir John Bell warned major pharmaceutical companies may halt further UK investment due to growing…
Police captured the suspect who fatally shot conservative activist Charlie Kirk at Utah Valley University, President Donald Trump confirmed Friday. Trump told Fox News he learned about the arrest five minutes before going on air and praised law enforcement. A source close to the suspect provided authorities with information that led to the capture. Video Footage Aids Investigation FBI and Utah police released new footage Thursday showing the suspect fleeing after the shooting. The video shows a person wearing sunglasses, Converse shoes, and a black long-sleeve shirt running across a roof. The suspect jumped from the building, crossed a street,…