Author: staff
The Federal Reserve held its benchmark interest rate at 3.75% to 4% on Wednesday, pausing after raising borrowing costs in September for the first time in three years. However, policymakers were split 10-2, with Fed Governor Lisa Cook, whom US President Donald Trump is trying to remove, and Cleveland Fed President Beth Hammack both voting for another quarter-point hike. The decision came less than a week before Americans vote in the midterms, and with inflation at 3.7% and energy prices elevated, markets still expect the central bank to raise rates again in December. The split marks a break from September,…
Published on 28 October 2026 – 19:42 GMT+1 A football match between Rennes and Greek side Olympiacos has been brought forward by a day due to a planned general strike in France next week. The Europa League match was originally scheduled for Thursday 5 November, but will now be played a day earlier at 4:30 pm. The decision was taken by UEFA after French unions called the general strike. European football’s governing body said it had been informed by the French authorities that the usual security arrangements around the match in Rennes could not be guaranteed that day. Kick-off has…
Everyone who has seen Dead Poets Society has carried a little of it away with them. Released in 1989, it is one of those rare films capable of spanning generations like few others, and certainly one of the most beloved of all time. The character of teacher John Keating, immortalised on the big screen by Robin Williams, has now moved to the stage in a performance by Diogo Infante that is drawing thousands of fans to Teatro da Trindade in Lisbon, where one sold-out show follows another. After its premiere in April, the production was initially meant to close in…
Instead of making it easier to import rival products, Betts said the government should be addressing the “acute pressures” the sector is facing, including high energy costs and “overly complex” regulation. A spokesperson for Princes Group, which produces Branston Baked Beans in the U.K., said removing tariffs on imported finished baked beans was “unlikely to have a meaningful impact on prices, particularly as there are currently no tariffs on the imported haricot beans used by U.K. manufacturers and no tariffs on EU imports.” “We believe measures that help address the higher costs of manufacturing food in the UK, particularly energy…
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Alessandra Biffi went into gene therapy by chance. A professor of haematology noticed her during her medical degree and invited her to do her thesis work in his laboratory. Back then she was just a student; now she is a world-leading expert in gene therapy, a therapeutic approach altering a person’s DNA to treat or prevent certain conditions. “I have a lot of passion for what I do, and it’s renewed every day, that’s really the driver,” she told Euronews Next. A former director of the gene therapy programme at the Dana-Farber Cancer Institute in Boston, United States, Biffi is…
Increasing spending would include “looking hard at public spending” and using “innovative financing,” including a joint procurement initiative with Finland, Poland, and the Netherlands, Healey vowed. Healey’s more immediate task was to find £4.7 billion to plug gaps in the blueprint for developing the U.K.’s armed forces, the Defence Investment Plan, published earlier this year after long delays. The Treasury said £3 billion would come from “reprioritization of capital budgets” across the U.K. government, including £1.7 billion of cuts to the energy department. The chancellor and prime minister both sought to show they had prioritized the U.K.’s security commitments in…
Published on 28 October 2026 – 17:48 GMT+1 Running is entering a new golden age. NYC Marathon is the second largest marathon ever held in the world, with a record-breaking 59,226 finishers last year. This year, that record is expected to be broken. More than two million spectators will watch the marathon from along the course. For most runners, the goal will be to achieve something they have spent months preparing for. Running is becoming more popular every year, and securing a place in one of the world’s major marathons is becoming almost as difficult as winning the lottery. The…
Published on 28 October 2026 – 17:06 GMT+1 The European Commission has approved €319 million in Austrian state aid for semiconductor giant Infineon Technologies to help fund a €1.1 billion upgrade of its factory in Villach. The investment will enable the company to ramp up production and establish what it says will be the world’s first high-volume manufacturing facility for next-generation gallium nitride power semiconductors on 300-millimetre wafers. The Commission said in its announcement on Wednesday 28 October that the measure, under the EU’s Chips Act, will help “strengthen the EU’s position and autonomy in the semiconductor value chain”. The…
Around 200 passengers who paid to live on a cruise ship while travelling the world were abruptly left in a Cambodian port after the company ran out of money, an official said on Wednesday. US-based operator Villa Vie Residences said it had “suspended operations in Cambodia”, citing an “extraordinary” rise in fuel costs since the Iran war began that had made its current operating model “extremely challenging”. “Since the conflict began in late February, we have taken significant steps to reduce fuel consumption, including slowing the itinerary and spending more time in port,” the company said. “Those measures have not…