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☆ Amgen, newer rivals could threaten Novo Nordisk and Eli Lilly's weight loss drug dominance
▼ + stars: | 2024-05-07 | by ( Scott Olson | Getty Images | ) www.cnbc.com time to read: +10 min

Amgen is among the leaders of a pack of drugmakers racing to join the market with their own weight loss treatments. Amgen's drug, MariTide, is taken less frequently than Novo Nordisk's Wegovy and Eli Lilly's Zepbound, and may cause longer-lasting weight loss than the market leaders' injections. Novo Nordisk and Eli Lilly are also working on new weight loss drugs. The competition for a slice of the weight loss market has only grown more fierce in recent months. An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City, U.S., December 11, 2023.

Persons: NOVO.B, Scott Olson, Eli Lilly, Nordisk's Wegovy, Eli Lilly's Zepbound, Amgen, William Blair, Matt Phipps, Bob Bradley, Boehringer Ingelheim, Phipps, Zepbound, Chris Schott, MariTide, Mario Tama, he's, Eli Lilly drugs, CagriSema, Eli Lilly’s, Brendan McDermid, Boehringer, Ingelheim, survodutide, Pascal Soriot, Christopher Furlong, dealmaking, David Denton Organizations: New, Halstead Pharmacy, Getty, Novo Nordisk, Nordisk's, William Blair & Company, CNBC, Therapeutics, AstraZeneca, Zealand Pharma, MariTide, Reuters, GLP, Pfizer, Eccogene Locations: Chicago , Illinois, Novo, Amgen, Thousand Oaks , California, New York City, U.S, Zealand, Macclesfield

☆ King Charles praises 'kindness' and friendship 'in times of need' ahead of his first public appearance since his cancer diagnosis
▼ + stars: | 2024-03-28 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +4 min

Read previewKing Charles III spoke about friendship and kindness in a series of remarks before his first public appearance since announcing his cancer diagnosis. Charles, 75, shared his sentiments via a recorded audio message played at the Royal Maundy Service, an annual event that takes place on the Thursday before Easter Sunday, according to Royal Central. King Charles III and Queen Camilla attending the Royal Maundy Service in 2023. The Maundy Service has a very special place in my heart," Charles said in comments obtained by Royal Central. Related storiesCharles then addressed the people chosen to receive Maundy Money.

Persons: —, Charles III, Charles, King Charles III, Queen Camilla, CHARLOTTE GRAHAM, Jesus, King Charles, Christopher Furlong, Buckingham, Kate Middleton, Princess of Wales, Andy Cheung, I've Organizations: Service, Royal Maundy Service, Royal Central, Business, Getty, Gentlemen, Coronation Service, Buckingham Palace, Associated Press Locations: Worcester Cathedral, Windsor, Middleton

☆ Inside King Charles III and Camilla's complicated love story, from instant attraction to countless scandals
▼ + stars: | 2024-03-18 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: 1 min

King Charles III and Camilla first met in 1970, when he was 22 and she was 24. Charles and Camilla at the 2004 Mey Games in Caithness, Scotland. Christopher Furlong / Staff / Getty imagesCharles and Camilla were introduced by Lucia Santa Cruz, a mutual friend who had been one of his first love interests after they met at Cambridge University, Evening Standard reported. According to The Washington Post, Camilla introduced herself to the future king with the line: "My great-grandmother was the mistress of your great-great-grandfather. I feel we have something in common."

Persons: King Charles III, Camilla, Charles, Christopher Furlong, Lucia Santa Cruz Organizations: Staff, Cambridge University, Evening, The Washington Post Locations: Caithness, Scotland

☆ UK Budget: Jeremy Hunt set to cut taxes for workers as election looms
▼ + stars: | 2024-03-06 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

A cut to national insurance — a levy paid by people who work — costing around £10 billion ($12.7 billion) is likely, according to multiple UK media reports. But soaring government debt, crumbling public services and a lackluster economy leave the chancellor with very little room for further substantial giveaways. Christopher Furlong/Getty ImagesOther so-called “unprotected” areas of the national budget, such as social care and the police force, are also at risk. “That seems unlikely when public services are creaking,” they added. OBR chair Richard Hughes said in January that the government had provided no detailed breakdown of departmental spending plans beyond March next year, giving only headline figures.

Persons: Jeremy Hunt, Rishi Sunak’s, Hunt, ”, Laura Kuenssberg, Jeff, Christopher Furlong, “, Richard Hughes, ” Hughes Organizations: London CNN —, Bank of England, Treasury, “ Conservatives, ” Hunt’s Conservative Party, Labour Party, Reuters, Office, National Statistics, Local Government Association, House, National Health Service, Capital Economics, ” Locations: Ukraine, Birmingham, England

☆ In a bizarre British by-election, a pro-Palestinian firebrand just swept to victory
▼ + stars: | 2024-03-01 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

ROCHDALE, England - Feb 29: Workers Party of Britain candidate George Galloway speaks after being declared the winner in the Rochdale by-election on February 29, 2024. Christopher Furlong | Getty Images News | Getty ImagesStaunchly pro-Palestinian left-wing firebrand George Galloway on Thursday won a chaotic by-election in Rochdale, northwestern England that was defined by the Israel-Gaza conflict. ROCHDALE, England - Feb. 29, 2023: A man walks past a George Galloway election sign as residents begin to vote in the Rochdale by-election on February 29, 2024 in Rochdale, England. ROCHDALE, England - Feb. 19, 2024: People walk past pro-Palestinian graffiti in Rochdale on February 19, 2024 in Rochdale, England. Christopher Furlong | Getty Images News | Getty Images

Persons: George Galloway, Christopher Furlong, firebrand George Galloway, Galloway, Paul Tully, Azhar Ali, Ali, Conservative Paul Ellison Organizations: ROCHDALE, Workers Party of, Rochdale, Getty, Labour, Workers Party of Britain, Labour Party, Conservative Locations: England, Palestinian, Rochdale, Israel, Gaza, Britain's, ROCHDALE

☆ Why are shopping carts always broken?
▼ + stars: | 2024-02-17 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +5 min

The notoriously combative wheels are actually created by the repeated battering that shopping carts are often subject to, explained Alex Poulos. Rogers, which supplies thousands of shopping carts to companies like Whole Foods, Tractor Supply Company and Meijer. Customers push shopping carts outside a Lidl Stiftung & Co. KG supermarket in Berlin, Germany, on Tuesday, Oct. 4, 2022. The ethics of returning shopping cartsConsumers bear some of the responsibility for the banged up and broken qualities of their shopping carts. A supermarket employee returns shopping carts in the Market Basket parking lot in Plymouth, Massachusetts, during a fast-moving winter storm that hit the US Northeast February 13, 2024.

Persons: New York CNN —, Alex Poulos, Poulos, Rogers, Krisztian Bocsi, ”, Alvar Diaz, Christopher Furlong, they’re, Beth Thieme, Ken McGagh, Diaz Organizations: New, New York CNN, R.W, Tractor Supply, Meijer, CNN, Customers, Stiftung, KG, Bloomberg, Getty, Aldi, Tesco, Lidl, Amigo Mobility, Reuters Retailers, Walmart, Target Locations: New York, Berlin, Germany, Europe, Tarleton, United Kingdom, United States, Plymouth , Massachusetts

☆ Saudi Arabia isn’t ruling out befriending Israel. But it may come at a higher price
▼ + stars: | 2024-01-15 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +70 min

Fatima Shbair/AP Mourners collect the bodies of Palestinians killed in an Israeli airstrike in Khan Younis, Gaza, on December 24. Ilia Yefimovich/dpa/picture-alliance/AP Relatives and friends bid farewell to the body of Al Jazeera camera operator Samer Abu Daqqa in Khan Younis, Gaza, on December 16. Mahmud Hams/AFP/Getty Images Israeli soldiers form an honor guard at the funeral of Israeli reserve soldier Master Sgt. Mohammed Saber/EPA-EFE/Shutterstock Children use candles for lighting in Khan Younis, Gaza, on Friday, October 20. Maya Alleruzzo/AP A boy carries salvaged belongings from the wreckage of his family's home in Khan Younis, Gaza, on October 11.

Persons: UAE CNN —, Antony Blinken, ” Blinken, ”, “, “ There’s, ” Prince Khalid bin Bandar, ” Ali Shihabi, Shihabi, Israel, Blinken, Evelyn Hockstein, Benjamin Netanyahu, Joe Biden, Abraham, Biden, Yousef Al Otaiba, Israel “, ” Otaiba, Prince Mohammed bin Salman, Firas Maksad, Abir, Prince Khalid, Maksad, Jamal Khashoggi, ” Maksad, ” Prince Khalid, Isaac Herzog, Oded, Abed Rahim Khatib, Noam Galai, Majdi, Sufian Dagash, Ohad, Abed Zagout, Harel Ittah, Ariel Schalit, Khan Yunis, Stringer, Elisha Yehonatan Lober, Mount Herzl, Maja Hitij, Fatima Shbair, Ahmad Hasaballah, Mohammed Salem, Yaacov Elian, Boris Dunavetski, Amir Levy, Mohammed Abed, Mahmud Hams, Alon Lulu Shamriz, Ilia Yefimovich, Abu Daqqa, Khan, Khan Younis, Ben Shelly, Clodagh Kilcoyne, Eviatar Cohen, Mostafa Alkharouf, Mohammed Dahman, Ibraheem Abu Mustafa, Atef Safadi, Gal Meir Eisenkot, Eisenkot, Gadi Eisenkot, Leo Correa, Alexi Rosenfeld, Alleruzzo, Amir Cohen, Gil Cohen, Menahem Kahana, Sergeant Aschalwu Sama, Tsafrir, John MacDougall, Ahed Tamimi, Nasser Nasser, Viktor, Helena Brodski, Kiril Brodski, Ammar Awad, Jack Guez, Jabel Mukaber, Mahmoud Illean, Alexander Ermochenko, Younis, Mustafa Hassona, Asher, Raz, Doron, Schneider, Jaafar Ashtiyeh, Majed Al, Ansari, Mohammed Hajjar, Said Khatib, Jalaa Marey, Victor R, Liron Snir, James Oatway, Ashraf Amra, Ahmad Gharabli, Rizek Abdeljawad, Major Jamal Abbas, Shir Torem, Alexi J . Rosenfeld, Christopher Furlong, Hatem Ali, Avraham Fetena, Sgt, Raz Abulafia, Fadel Senna, Nasser, Matan Meir, Haitham Imad, Roni Eshel, Eshel, Kenzo Tribouillard, Sadi Berek, Salah al, Varda Goldstein, Nir Oz, Bernat, Tomer Appelbaum, Mohammad Abu Elsebah, Khaled Ibn Al, Walid, Ya'akov Ozeri, Ronen Zvulun, Mohammed Alaloul, Neil Hall, Saeed Jaras, Mohammad Abu Hattab, Mohammed Talatene, Ditza Heiman, Salman Habaka, Yuval Zilber, Jalaa Merey, Ahmad Salem, Ali Jadallah, Anas al, Yosef Vahav, Kiryat Shmona, Albert Miles, Ilan Rosenberg, Manna, Tamar Chaya Torpiashvili, Abed Khaled, Tamir Kalifa, Yoav Gallant, Jehad Al, Kafarnah, Teddy, Dan Kitwood, Dima Vazinovich, Sagiv Ben Zvi, Omar El, Yasser Qudih, Francisco Seco, Mohammed Saber, Ali Mohmoud, Mai Yaghi, Yam Goldstein, Nadav, Khaled Joudeh, Samar Abu, Leon Neal, Hatem Moussa, Wolfgang Schwan, Yousef Masoud, Shadi Tabatibi, Belal al Sabbagh, Janis Laizans, Gallant, Ofir Libstein, Aza, Belal Khaled, Hod, Ayal Margolin, Brendan Smialowski, Netanyahu, Kenny Holston, Kfar Aza, Mahmoud Khaled, Dor Reder, Violeta Santos Moura, Mohammed Fayq Abu Mostafa, Antonio Macías, Macías, Eli Albag, Liri, Sergey Ponomarev, Dor Kedmi, Saher, Abraham Cohen, Valentin Ghnassia, Ghnassia, Yuri Cortez, Ibrahim Hams, Bashar Taleb, Baz Ratner, Yahya Hassouna, Mapal Adam, Agha, Reuters Itzik, Miriam Shafir, Dor Shafir, Savion Kiper, Maya Alleruzzo, CNN Sergey Ponomarev, Eden Guez, Mohammed Soboh, Said, Noam Elimeleh Rothenberg, Ilai Bar Sade, Erik Marmor, Oren Ziv, Ramez Mahmoud, Roi Levy, Tali Touito, Ahmad Hasballah, Eyad Baba, Itai Ron, Hadas Parush, Lana Nusseibeh, “ That’s, Abu Dhabi, Anwar Gargash, ” Gargash Organizations: UAE CNN, Hamas, BBC, CNN, Palestinian, West Bank, Reuters, United Arab, Abraham Accords, Israel, UAE, Arab League, Saudi, Fox News, Washington Institute for Near East, Middle East Institute, Israeli, Getty, of Health, Congressional, Republicans, United Nations Security, AP, European Hospital, Mount, Rockets, UN, Anadolu, Museum of Art, Security, Nova, Magen, Getty Images, Kiryat, Islamic Jihad, Red, Tel, Tel Aviv Sourasky Medical, Young, AP People, Schneider Children's Medical, Sisters, Schneider Children's, Ofer, Cross, Foreign, Artillery, Aqsa Martyrs Hospital, Al, Unicef, AP Journalists, Israel Defense Forces, Modern, Nasser Hospital, Nasser Medical, Najjar, Israel Defence Forces handout, Shutterstock, Reuters United Nations, Shifa, Palestine, Pictures, Bloomberg, Israeli Apache, United Nations Relief, Works Agency, Al Aqsa Martyrs Hospital, IDF, EyePress, New York Times, Nasser Medical Hospital, Deir Al, Tel Aviv University, Reuters Civil, AP Rockets, AP Israel's, Regional, Israel's, Ahli Baptist Hospital, Ben Gurion International, Aris Messinis, Haim, Puma, Mount Herzl Military, Anadolu Agency, Nova Festival, Ben Gurion, United Nations, Reuters Police, Reuters Rockets, Wall, Shihabi Locations: Abu Dhabi, UAE, Israel, Saudi Arabia, Riyadh, Saudi, United Kingdom, Gaza, United States, ”, Palestinian, East Jerusalem, Al Ula, Reuters Israeli, United Arab Emirates, Bahrain, Morocco, Sudan, Washington , DC, Jerusalem, Abir Sultan, AFP, Turkey, Gulf, Tel Aviv, Israeli, Rafah, Maghar, Anadolu, Netanya, Khan, Khan Younis, Shaul, Shefayim, Jazeera, Kidron, Kfar Saba, Nahal Oz, Herzliya, Ashkelon, Petah Tikva, Ramallah, Egypt, Ofakim, Jabel, Khezaa, Gazan, Sisters Aviv, Beitunia, Gaza City, Galilee, Lebanon, Al, Aqsa, Al Bureij, Deir Al Balah, Xinhua, Pekiin, Mavki'im, Haifa, Sderot, Beit Hashmonai, Europe, Rishpon, Odem, Gaza's Al, Deir Al, Balah, Bureij, Kfar Aza, Meron, Jerusalem's, City, Jerusalem's Old City, Deir Balah, Mahmud, Southern Israel, Yanuh Jat, Netaim, Golan Heights, Shareef, Beit Guvrin, Kiryat, Al Aqsa, Kibbutz Be'eri, Ashdod, Holon, Najjar, Ichilov, Kibbutz Shefayim, Deir, Samar, Samar Abu Elouf, Deir al, Kibbutz Kissufim, Zahra City, Ras, Israel's, Yehuda, Hod HaSharon, Kiryat Shmona, Ahli, Gan, Kfar, North Sinai, Beit Kama, Cyprus, Be'eri, Rehovot, Mount Herzl, Modiin Maccabim, Mount Herzel, Yassin, Beitar Ilit, Ramat Gan, Itai, Beit Hanun, Rishon Lezion, Dhabi, Dubai, Al Arabiya

☆ Opinion: Why Biden won’t do more to restrain Netanyahu
▼ + stars: | 2023-11-20 | by ( Opinion Aaron David Miller | ) edition.cnn.com time to read: +53 min

Mahmud Hams/AFP/Getty Images Israeli soldiers form an honor guard at the funeral of Israeli reserve soldier Master Sgt. Mustafa Hassona/Anadolu/Getty Images Palestinians flee to southern Gaza on Salah al-Din Street in Bureij, Gaza, on November 10. Ronen Zvulun/Reuters A woman carries a white flag as Palestinians flee from Gaza City to the south on November 7. Ronen Zvulun/Reuters A woman mourns over a dead man at the Al-Aqsa Martyrs Hospital in Gaza City on October 18. Yousef Masoud/The New York Times A morgue worker arranges body bags at al-Shifa hospital in Gaza City on October 12.

Persons: Aaron David Miller, ” Miller, I’ve, Joe Biden, Netanyahu, Aaron David Miller Israel, Israel —, Biden, Ashraf Amra, Ahmad Gharabli, Mohammed Abed, Ohad, Rizek Abdeljawad, Major Jamal Abbas, Shir Torem, Fatima Shbair, Alexi J . Rosenfeld, Abed Rahim Khatib, Khan, Christopher Furlong, Hatem Ali, Avraham Fetena, Mostafa Alkharouf, Mahmud Hams, Sgt, Raz Abulafia, Ariel Schalit, Fadel Senna, Nasser, Mohammed Salem, Matan Meir, Amir Levy, Haitham Imad, Roni Eshel, Eshel, Kenzo Tribouillard, Benjamin Netanyahu, Sadi Berek, Mustafa Hassona, Salah al, Jack Guez, Varda Goldstein, Nir Oz, Bernat, Abed Zagout, Tomer Appelbaum, Mohammad Abu Elsebah, Khaled Ibn Al, Walid, Khan Younis, Ya'akov Ozeri, Ronen Zvulun, Mohammed Dahman, Ahmad Hasaballah, Leo Correa, Amir Cohen, Mohammed Alaloul, Majdi, Neil Hall, Saeed Jaras, Mohammad Abu Hattab, Mohammed Talatene, Ditza Heiman, Salman Habaka, Ibraheem Abu Mustafa, Yuval Zilber, Jalaa Merey, Ahmad Salem, Ali Jadallah, Atef Safadi, Anas al, Yosef Vahav, Kiryat Shmona, Jalaa Marey, Albert Miles, Ilan Rosenberg, Manna, Tamar Chaya Torpiashvili, Abed Khaled, Tamir Kalifa, Yoav Gallant, Ammar Awad, Jehad Al, Kafarnah, Teddy, Dan Kitwood, Dima Vazinovich, Sagiv Ben Zvi, Evelyn Hockstein, Omar El, Yasser Qudih, Tsafrir, Francisco Seco, Mohammed Saber, Ali Mohmoud, Mai Yaghi, Yam Goldstein, Nadav, Khaled Joudeh, Samar Abu, Leon Neal, Hatem Moussa, Wolfgang Schwan, Yousef Masoud, Shadi Tabatibi, Belal al Sabbagh, Janis Laizans, Gallant, Ofir Libstein, Aza, Belal Khaled, Hod, Ayal Margolin, Antony Blinken, Brendan Smialowski, Kenny Holston, Kfar Aza, Ilia Yefimovich, Mahmoud Khaled, Dor Reder, Violeta Santos Moura, Mohammed Fayq Abu Mostafa, Antonio Macías, Macías, Eli Albag, Liri, Sergey Ponomarev, Dor Kedmi, Saher, Abraham Cohen, Valentin Ghnassia, Ghnassia, Yuri Cortez, Ibrahim Hams, Bashar Taleb, Baz Ratner, Yahya Hassouna, Mapal Adam, Agha, Reuters Itzik, Miriam Shafir, Dor Shafir, Savion Kiper, Maya Alleruzzo, CNN Sergey Ponomarev, Eden Guez, Mohammed Soboh, Said, Noam Elimeleh Rothenberg, Ilai Bar Sade, Erik Marmor, Oren Ziv, Ramez Mahmoud, Roi Levy, Alleruzzo, Tali Touito, Oded, Ahmad Hasballah, Eyad Baba, Itai Ron, Hadas Parush, Biden —, —, Barack Obama, hasn’t, ’, Israel isn’t, craven, It’s Organizations: Carnegie Endowment, International Peace, Democratic, Republican, CNN, Israel, Israel Defense Forces, Hamas, Democratic Party, Department of State, Senior, UN, US, Washington Post, Al, Aqsa Martyrs Hospital, Getty, Unicef, Reuters, AP, Anadolu, AP Journalists, Israeli, Modern, Nasser Hospital, Tel, Nasser Medical, Najjar, Israel Defence Forces handout, Shutterstock, Reuters United Nations, Shifa, Palestine, Pictures, Bloomberg, Israeli Apache, United Nations Relief, Works Agency, Al Aqsa Martyrs Hospital, Palestinian, IDF, EyePress, New York Times, Getty Images, Nasser Medical Hospital, Deir Al, Tel Aviv University, Reuters Civil, AP Rockets, AP Israel's, Regional, Israel's, Ahli Baptist Hospital, Ben Gurion International, Aris Messinis, Haim, Puma, Mount, Mount Herzl Military, Nova, Anadolu Agency, Nova Festival, Ben Gurion, West Bank, Rockets, United Nations, Reuters Police, Reuters Rockets, America, Senate, Washington, Twitter Locations: East, Israel, Gaza, Biden’s Washington, Washington, Al, Aqsa, Al Bureij, Deir Al Balah, Anadolu, Tel Aviv, AFP, Rafah, Xinhua, Pekiin, Khan Younis, Mavki'im, Jerusalem, Haifa, Sderot, Beit Hashmonai, Europe, Israeli, Rishpon, Odem, Gaza's Al, Gaza City, Kfar Saba, Deir Al, Balah, Bureij, Kfar Aza, Palestinian, Khan, Meron, Jerusalem's, City, Jerusalem's Old City, Deir Balah, Mahmud, Southern Israel, Ashkelon, Yanuh Jat, Netaim, Golan Heights, Lebanon, Egypt, Shareef, Beit Guvrin, Reuters Israeli, Kiryat, Al Aqsa, Kibbutz Be'eri, Ashdod, Holon, Najjar, Ichilov, Kibbutz Shefayim, Deir, Samar, Samar Abu Elouf, Deir al, Kibbutz Kissufim, Zahra City, East Jerusalem, Ras, Israel's, Yehuda, Hod HaSharon, Kiryat Shmona, Ahli, Gan, Kfar, North Sinai, Beit Kama, Cyprus, Be'eri, Rehovot, Mount Herzl, Modiin Maccabim, Mount Herzel, Yassin, Beitar Ilit, Ramat Gan, Itai, Beit Hanun, Rishon Lezion, ”, Palestinian Authority

☆ Britain’s Sunak issues rallying cry for a party that is already planning life without him
▼ + stars: | 2023-10-04 | by ( Luke Mcgee | ) edition.cnn.com time to read: +11 min

While the party establishment loathes Farage, Conservative members greeted him with open arms and requests for selfies after he arrived on Monday afternoon. The Conservative Party has always been a broad church, with competing factions jostling for supremacy. But Conservative Party members are rather different to the general public. Supporters applaud as Britain's Prime Minister Rishi Sunak speaks during the Conservative Party annual conference on Wednesday. Bookmakers' odds on the next UK general election are displayed outside the Manchester venue for the Conservative Party Conference on October 4, 2023.

Persons: Rishi Sunak, Boris Johnson, Liz Truss, –, steadying, ” Sunak, Sunak, Nigel Farage, loathes Farage, Hannah McKay, Kemi Badenoch, don’t “, Justin Tallis, Jeremy Hunt, Jon Super, Brexit, Johnson, didn’t, “ He’s, ”, Braverman, Grant Shapps, Suella Braverman, James, Stefan Rousseau, Christopher Furlong, Rishi Organizations: England CNN — British, Conservative Party, Conservative, CNN, Conservatives, Euroskeptic, Independence Party, European Union, selfies, Britain's UK Independence Party, PM, Labour Party, European, Human, Labour, British, Getty, Conservative Party Conference Locations: Manchester, England, “, North, Midlands, London, Sunak

☆ British Finance Minister Jeremy Hunt rules out short-term tax cuts
▼ + stars: | 2023-10-02 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

Jeremy Hunt, Britain's Chancellor of the Exchequer, speaks on the second day of the the Conservative Party Conference on October 02, 2023 in Manchester, England. Christopher Furlong | Getty Images News | Getty ImagesMANCHESTER, ENGLAND — U.K. Finance Minister Jeremy Hunt on Monday ruled out tax cuts in the short-term, arguing that to reduce them now would be inflationary. "Right now we're focused on bringing down inflation," Hunt said on the second day of the Conservative Party Conference currently underway in Manchester, England. Hunt has previously argued that tax cuts are "virtually impossible," and could only be afforded if the government took some "difficult decisions." Hunt also unveiled plans for tougher benefit restrictions in a bid to make savings on the government's welfare bill.

Persons: Jeremy Hunt, Britain's, Christopher Furlong, Hunt, Margaret Thatcher, Liz Truss, Truss, Rishi Sunak, flack Organizations: Conservative Party Conference, Getty, Getty Images, Finance, Conservative Party, Tories, Labour Party, Conservative, British Locations: Manchester, England, Getty Images MANCHESTER, ENGLAND

The UK goal was ahead of the 2035 ban in the European Union, where most British-made cars are sold. "The timing sends the message that things can change again, making it difficult for companies to manage their investment strategies." Under the new mandate that the government could make public as early as this week, the 80% 2030 electric target should remain - with the other 20% a mixture of fossil fuel models and hybrids until 2035. "In Britain, there's no industrial strategy, no intent for industrial strategy and no desire for an industrial strategy," Palmer said. "The UK (fossil fuel ban) delay is not a good sign in terms of stability, but they have realigned with EU regulation," said Denis Schemoul, director of European vehicle forecasting at S&P Global Mobility.

Persons: Rishi Sunak, Christopher Furlong, Boris Johnson, Sunak, it's, Philip Nothard, ZEV, Andy Leyland, Adrian Keen, Keen, Andy Palmer, Aston Martin, Palmer, Denis Schemoul, Nick Carey, Barbara Lewis Organizations: Britain's, Rover, Industry, Union, EV, European Union, Cox Automotive, Volvo, Ford, EU, P Global Mobility, Thomson Locations: Warwick , England, British, Britain, EVs, Europe, Spain

☆ UK government under pressure to take tougher line on China amid spying allegations
▼ + stars: | 2023-09-13 | by ( Luke Mcgee | ) edition.cnn.com time to read: +9 min

Sunak’s predecessor Liz Truss called for the government to formally designate China as a threat to the UK. Florence Lo/APUnder the radarBut back to the question at hand: should the events of the past few days affect the UK’s official policy? Despite the arrests, observers believe it is unlikely there will be a sea-change in the UK government’s policy on China. The allegations that China is spying on the UK, in the very heart of Britain’s democracy, is of course a very real concern. But it will not be a surprise to the government, which has baked it into British foreign policy.

Persons: Tom Tugendhat, Tugendhat, Rishi Sunak, Premier Li Qiang, ”, Sunak’s, Liz Truss, Iain Duncan Smith, UK’s, Oliver Dowden, James, Han Zheng, Florence Lo, —, Peter Ricketts, “, doesn’t, ” Ricketts, Christopher Furlong Organizations: London CNN, Sunday Times, Conservative, CNN, Premier, Embassy, Metropolitan Police, Conservative Party, of, People, parliament’s Intelligence, Security, British National Security, Getty, Russia, Diplomats Locations: China, Beijing, New Delhi, London, gossiping, Europe, Hong Kong, South China, Taiwan, Westminster

☆ The British navy is teaming up with the US to build a new 'Dreadnought' for a totally different battle at sea
▼ + stars: | 2023-08-13 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +8 min

The British Royal Navy is building a new class of nuclear-powered ballistic-missile submarines. The British subs will have the same missile compartment as the US Navy's new missile subs. At-sea deterrentThe Royal Navy submarine HMS Dreadnought in April 1963. The Royal Navy plans to commission HMS Dreadnought sometime in the early 2030s. In addition to being the largest British subs ever, the Dreadnought class will be one of the most expensive defense projects in British history.

Persons: SSPL, Royce, Christopher Furlong, King George VI ., Valiant, Warspite Organizations: British Royal Navy, British, Service, HMS, Dreadnought, Royal, Royal Navy, Ministry of Defense, Submarine, Agency, BAE Systems, Royce, Vanguard, UK, US, Trident, Columbia, CMC, US Navy's Trident, BAE, MoD Locations: Wall, Silicon, Britain, Faslane, US Navy Ohio, British, Barrow, Furness

☆ Savers should be cheering higher interest rates. So why are they unhappy?
▼ + stars: | 2023-07-06 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

London CNN —When central banks raise interest rates, mortgage borrowers can expect higher monthly repayments, while savers are supposed to be rewarded with bigger returns on their deposits. In Asia, the picture is less uniform: China cut its benchmark lending rate last month, adding to recent reductions in other interest rates, and Japan has kept its main interest rate negative in a bid to stimulate demand. However, rates on savings accounts there are closer to the central bank’s main rate than in other major economies. “While interest rates were ultra-low, the mortgage market was incredibly competitive, so [banks] were operating on unusually small margins between savings rates and mortgage deals… so they’re busy filling their boots,” she said. The top 100 US money market funds tracked by Crane Data are offering an average annual interest rate of 4.94%.

Persons: Nathan Howard, Jeremy Hunt, Sarah Coles, Hargreaves Lansdown, ”, Christopher Furlong, Crane, Peter Crane, they’ve Organizations: London CNN, Federal Deposit Insurance Corporation, US Federal Reserve, Bloomberg, Getty, European Central Bank, of, CNN, Getty Images Bank, Finance, Bank of England’s, HSBC, Barclays, Crane Data, Bank of England, “ Locations: Europe, United States, United Kingdom, Asia, China, Japan, South Korea

☆ What Ford's buoyant quarterly sales reveal about progress toward its ambitious EV goals
▼ + stars: | 2023-07-06 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Electric vehicle sales fell 2.8% to 14,843 in the second quarter. It's worth noting that Ford EV sales are up 11.9% year to date, and total sales of more than 1 million vehicles in 2023 rose 10%. Despite solid quarterly sales, shares of Ford dropped more than 2.5% to just under $15 each. General Motors (GM) on Wednesday said total second-quarter U.S. auto sales increased by nearly 19% to 691,978. However, GM's electric vehicle sales in Q2 dropped 32% to 15,652.

Persons: Ford, it's, Tesla, Jim Farley, Jim Cramer's, Jim Cramer, Jim, Christopher Furlong Organizations: Ford, General Motors, Monday, EV, Federal, Energy Department, CNBC, Getty Locations: U.S, Canada, EVs, Halewood, England

☆ China is looking all over the world for help building and flying its fighter jets
▼ + stars: | 2023-06-25 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

A British Royal Air Force Eurofighter Typhoon fighter jet at RAF Coningsby in May. Daniel Duggan, a former US Marine Corps pilot, has been accused of violating the Arms Export Control Act by training Chinese military pilots. "Currently, Chinese jet engines can at best achieve one-fourth the life span of Western engines," the report says. To manufacture engines, China still needs to import complex machine tools, including equipment made in Germany, Japan, Italy, and South Korea. A J-20 stealth fighter jet at Airshow China 2022 in Zhuhai in November.

Persons: —, Der Spiegel, Christopher Furlong, Daniel Duggan, Duggan, Chen Jimin, Deng Hua, John Paul Jones, walling, Michael Peck Organizations: Service, Privacy, China, NATO, Taiwan, British Royal Air Force Eurofighter, Coningsby, US, Chinese headhunters, US Marine Corps, Western, China News Service, Getty, Center for Strategic, International Studies, CSIS, Nations, Soviets, Defense, Foreign Policy, Twitter, LinkedIn Locations: China, May, Australian, Zhuhai, US, Germany, Japan, Italy, South Korea, Xinhua, Constantinople, Byzantine Empire, Hungarian, Russia, Russian, Nazi, Forbes

☆ Digital health faces the same hurdle as fintech: Get profitable or get lost.
▼ + stars: | 2023-05-10 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Digital health, once the darling of the healthcare industry, is having a tough go of it. After a pandemic-fueled surge when health services and offerings utilizing tech were prioritized, digital health has come back down to earth. The similarities between digital health and fintech are striking. For both fintechs and digital health, this year has served as a reminder that they're only partly tech companies. Click here for predictions from 16 bankers and dealmakers on the future of digital health.

☆ Hollywood's Reynolds and McElhenney found success at Welsh soccer club Wrexham. But there's a warning for would-be copycats
▼ + stars: | 2023-05-08 | by ( Elliot Smith | ) www.cnbc.com time to read: +5 min

"There's a big amount of pressure and attention from the press, not to mention scepticism from diehard football fans. WREXHAM, Wales - May 2, 2023: Wrexham AFC fans celebrate during a bus parade following their league title win. One fan has donned the costume of Deadpool, the comic book character played by co-owner Ryan Reynolds. Hollis said they understood that "it would take more than funny Twitter posts and a documentary" to turn around a struggling club like Wrexham. This sort of dedication plays a crucial role in attracting more support from fans," Hollis said.

Coronations at Westminster Abbey go back almost one thousand years. Like Charles III, William had his coronation at Westminster Abbey. Gross says coronation blunders do not become truly significant for monarchs until their reign starts to go wrong. A “beautiful and symbolic” silver cross containing a piece of the so-called True Cross will lead King Charles’ coronation procession in London next month. Meanwhile, gun salutes will sound from military bases and ships at sea to mark the moment Charles is crowned King.

☆ Why Liverpool and Manchester United, two giants of soccer, are up for sale at the same time
▼ + stars: | 2022-12-24 | by ( Jenni Reid | ) www.cnbc.com time to read: +7 min

In November, the owners of first Liverpool and then Manchester United confirmed they were open to new investment offers, with the potential for full sales of the top flight English clubs. Meanwhile New York-listed shares in Manchester United popped 18% on the news on Nov. 23 that its owners were similarly opening themselves up to investment opportunities. Big money competition One recurring complaint Manchester United fans have had of the Glazers is a lack of investment in the club, across both facilities and players. Old Trafford Stadium, the home of Manchester United Football Club. "In the cases of Liverpool and Manchester United, both owners have held the clubs for a long time, and both assets have appreciated a lot as their leagues and brands and global fan bases have developed.

☆ British nurses launch historic strike, as pay and staffing crises threaten the NHS
▼ + stars: | 2022-12-15 | by ( Rob Picheta | ) edition.cnn.com time to read: +9 min

“The reality is, every day, nurses across the UK are walking into understaffed hospitals,” Mackay said. “I feel really sorry for the young girls who are now trying to get into the profession, they have to pay for their training. Nurses’ pay dropped 1.2% every year between 2010 and 2017 once inflation was taken into account, according to the Health Foundation, a UK charity that campaigns for better health and health care. Christopher Furlong/Getty ImagesEarlier this year, the RCN rejected an offer by the government to increase nurses’ pay by a minimum of £1,400 ($1,707) a year, which amounted to an average rise of 4.3%, well below the rate of inflation. Members of Britain’s armed forces were being trained to drive ambulances and firefight in the event of strike action, ministers said earlier this month.

☆ Britain's new 'winter of discontent' deepens as widespread strikes mount over festive period
▼ + stars: | 2022-12-14 | by ( Elliot Smith | ) www.cnbc.com time to read: +7 min

In recent weeks, upcoming strike actions have been announced by nurses, rail workers, postal workers, ambulance workers, airport staff, Border Force agents, highway workers, Eurostar staff, civil servants, bus drivers, firefighters, charity workers, meteorologists and offshore workers. For the public sector, real earnings were 5 percentage points lower, and Hollingsworth suggested that the growing gap had become "unsustainable." "I think there's clearly a lot of pressure here for some catch-up on the public sector side of things, and it's clear that there is that labor bargaining power there." "However, the gap between private and public sector pay narrowed slightly, with private sector pay up 6.9%, while public sector pay is up by 2.7%." However, with negotiations remaining fraught and unions showing no signs of backing down, he said some catch-up on public sector pay growth will likely be required to prevent further disruption.

☆ King Charles visits Wrexham AFC, the soccer club owned by Ryan Reynolds and Rob McElhenney
▼ + stars: | 2022-12-10 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

King Charles and the Queen Consort visited Wrexham AFC on Friday, the soccer club owned by Hollywood actors Ryan Reynolds and Rob McElhenney. Charles and his wife Camila were in Wrexham to celebrate its new city status and spoke to Reynolds and McElhenney about their plans for growing the club that they bought in 2021. Wrexham – the world’s third-oldest football club, currently plays in England’s fifth tier, far removed from the likes of Manchester United and Liverpool. King Charles spoke with manager Phil Parkinson and some of the players. Charles spoke with the first-team players during his visit and wished them luck for their next match away at Eastleigh on Saturday.

☆ After narrowly avoiding the Retail Apocalypse, many companies are once again at risk of bankruptcy — and these 10 may be next
▼ + stars: | 2022-11-10 | by ( Bethany Biron | ) www.businessinsider.com time to read: +1 min

However, the credit rating company said the number of defaults won't reach pandemic level-highs as the industry has "emerged in better shape to meet the growing challenges," analysts wrote in an October report. A clothes shop tries to sell the last of its stock before closing down on February 1, 2012 in Stoke-On-Trent, England. Staffordshire has borne the brunt of the economic downturn with the loss of 21,100 manufacturing jobs which have fallen from 74,200 in 2006/07 to 53,100 in 2010/11, the highest in the UK according to a survey by the GMB union. Christopher Furlong/GettyTheir findings anticipate defaults to rise to 5.5%, up from the current rate of 1%, but still well below 23% in 2020. "As the retail industry squares off for another period of rising defaults over the next 12 months, this time will be markedly different from the last downturn during the pandemic, when defaults skyrocketed," Moody's analysts wrote in the report.

☆ What do Indians think about Rishi Sunak’s rise? Like UK-India relations, it’s complicated
▼ + stars: | 2022-10-26 | by ( Rhea Mogul | ) edition.cnn.com time to read: +13 min

Now, an Indian-origin man has become the Prime Minister of England,” a Zee News anchor said. Leon Neal/Getty Images Sunak and Boris Johnson watch as a sheep is sheared during a visit to a farm in North Yorkshire, England, in July 2019. Danny Lawson/PA Images/Getty Images Sunak speaks during a general election debate in Cardiff, Wales, in November 2019. Hollie Adams/Bloomberg/Getty Images Sunak and Murty are seen with their daughters, Krishna and Anoushka, while campaigning in Grantham, England, in July 2022. Indian Prime Minister Narendra Modi suggested as much in a tweet welcoming Sunak’s appointment.

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