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The Bank of England has kept its main U.K. interest rate at a 16-year high of 5.25% with several policymakers still worrying about some key inflation measures. In a statement Thursday, the bank’s nine-member Monetary Policy Committee voted 7-2 to keep rates unchanged, with the 2 dissenters backing a quarter-point reduction. Last time, only one member voted for a quarter-point cut.
Foreign Secretary David Cameron described Britain's system and scale of arms exports to Israel as completely different from those in the United States, saying the sales it licences were relatively small and policed by strict procedures. Cameron was responding to a question on whether Britain would follow the U.S. after it warned that it would withhold weapons from Israel in case of a major invasion of Rafah. "There's a very fundamental difference between the U.S. situation and the UK situation," Cameron said after a speech.
Charlie Spies was ousted as chief counsel of the Republican National Committee after just two months on the job.
CLEVELAND — Two of former President Donald Trump’s prospective running mates come with politically fraught complications: the Republican governors who would choose their successors.
Federal investigators say they have “significant safety concerns” about a Ford SUV recall repair that doesn't fix gasoline leaks that can cause engine fires. Ford says the SUVs have fuel injectors that will crack, allowing gas or vapor to leak near hot engine parts that can cause fires, fuel odors and an increased risk of injuries. In an April 25 letter to Ford released Thursday, the agency's Office of Defects Investigation wrote that based on its review of the recall repairs, it "believes that the remedy program does not address the root cause of the issue and does not proactively call for the replacement of defective fuel injectors prior to their failure.”
Human Rights Watch says Sudan's RSF forces are waging "an ethnic cleansing campaign" in Darfur, warns another massacre may be looming.
President Vladimir Putin on Thursday warned his nuclear forces were "always" on alert and added that Moscow would not tolerate any Western threats, during an address on the annual Victory Day parade.Our strategic forces are always on alert," Putin told the crowd.
Retail trading has been on the road to recovery since bitcoin and U.S. stocks scaled record highs earlier this year, helped by bets of a soft landing for the economy and expectations of interest rate cuts from the Federal Reserve. Robinhood crushed Wall Street expectations on Wednesday when it reported a 40% surge in revenue and a profit of 18 cents per share, compared with a loss of 57 cents a year ago. Robinhood was at the center of the 2021 retail trading frenzy, when people used the platform to pump money into so-called "meme stocks" during lockdowns.
Iran has launched a major new crackdown on women defying the country’s strict dress code, deploying large numbers of police to enforce laws requiring women to wear headscarves in public, according to human rights advocates.
European stock markets wavered on Thursday but with London close to a record peak before a Bank of England decision on interest rates.The Bank of England is set Thursday to keep its main interest rate at a 16-year high, resisting a cut as UK inflation cools at a slower pace than forecast.
The Biden administration plans to put guardrails on U.S.-developed artificial intelligence (AI) models that power popular chatbots like ChatGPT to safeguard the technology from countries such as China and Russia, Reuters has reported. But China in the past year has built its own domestic generative AI industry and has been urging its companies to avoid foreign technology. OpenAI’s key AI services such as ChatGPT and the DALL-E image generator have not been officially rolled out in mainland China.
Curaleaf CEO Matt Darin said it was "a historic moment" for the cannabis industry following reports that the DEA is seeking to reschedule marijuana. Here are some of the implications for the weed industry.
The suspect's girlfriend reportedly told investigators he showed up at her house and told her he had done something to "three gringos."
India urged pro-China Maldives on Thursday to ease tensions and improve their strained relationship. The foreign ministers of India and Maldives met in New Delhi a day ahead of a deadline set by the Maldives’ new president, Mohamed Muizzu, for India to withdraw dozens of its soldiers from the archipelago nation. Tensions between India and Maldives have grown since pro-China Muizzu came to power last year.
Warner Bros. Discovery will report first quarter earnings before the bell on Thursday. Here's what to expect
The rate of guns stolen from cars in the U.S. has tripled over the last decade, making them the largest source of stolen guns in the country, an analysis of FBI data by the gun safety group Everytown found. The rate of stolen guns from cars climbed nearly every year and spiked during the coronavirus pandemic along with a major surge in weapons purchases in the U.S., according to the report, which analyzes FBI data from 337 cities in 44 states and was provided to The Associated Press. The alarming trend underscores the need for Americans to safely secure their firearms to prevent them from getting into the hands of dangerous people, said Bureau of Alcohol, Tobacco, Firearms and Explosives Director Steve Dettelbach, whose agency has separately found links between stolen guns and violent crimes.
Stormy Daniels will return to the witness stand in Donald Trump's hush money trial Thursday, two days after she spent hours recounting in sometimes graphic detail the alleged 2006 sexual encounter with the former president that she was eventually paid to keep quiet about during the 2016 presidential election. The former president's attorneys aggressively sought to poke holes in Daniels' credibility during cross-examination, accusing the porn actor of trying to extort Trump and rehearsing her testimony — two assertions she forcefully denied. The defense also made a failed attempt to have a mistrial declared, arguing that Daniels' morning testimony had “nothing to do with this case and is extremely prejudicial.”
Russia’s annual procession has long been a key event in Putin’s calendar as a chance for him to rally public support and show off his country’s military power.
Jury selection is expected to wrap up Thursday in the criminal racketeering trial of Sung Kook "Bill" Hwang over the 2021 collapse of his $36 billion fund Archegos Capital Management, setting the stage for opening statements and witness testimony next week. Prosecutors, Hwang's lawyers and U.S. District Judge Alvin Hellerstein will have a chance to question potential jurors in Manhattan federal court about their backgrounds and potential biases, a process known as voir dire. Twelve jurors and four alternate jurors will ultimately be chosen.
Chinese President Xi Jinping visited Hungary on Thursday seeking a "new journey" with Beijing's closest European Union ally amid divisions with the West over the Ukraine war and global trade.- Message to Europe - Earlier this week, the Chinese leader kicked off his trip in France, a visit that was cordial but also highlighted tensions between Beijing and the EU over the war in Ukraine and global trade.
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