DIRS.INFO The most relevant business & tech news

☆ Britain’s Conservative Party Is Being Held Captive by Bad People - The New York Times
▼ + stars: | 2024-05-09 | by ( Geoffrey Wheatcroft | ) www.nytimes.com time to read: +2 min

At 3 a.m. one day last December, a 78-year-old volunteer for the British Conservative Party was reportedly woken by a call from Mark Menzies, the Conservative lawmaker she worked for. The volunteer, a former campaign manager for Mr. Menzies, paid the sum out of her own savings. Mr. Menzies, who was suspended from the party last month, denies that allegation and others, which include using £14,000 from party funds for personal medical bills. Yet the affair epitomizes a Conservative Party in crisis. Lord Salisbury, Stanley Baldwin, Winston Churchill and Margaret Thatcher led the Conservative Party for more or less 15 years.

Persons: Mark Menzies, ”, Menzies, Rishi Sunak, Mr, Sunak, Lord Salisbury, Stanley Baldwin, Winston Churchill, Margaret Thatcher, — Organizations: British Conservative Party, Conservative, Conservative Party, Tories, Conservatives, Labour Party, Tory Locations: England, Wales

☆ Sadiq Khan Heads for 3rd Term as London Mayor
▼ + stars: | 2024-05-04 | by ( Stephen Castle | ) www.nytimes.com time to read: +1 min

Sadiq Khan, the two-term center-left mayor of London, was poised on Saturday to become the first three-time winner of the job by a clearer margin than some of his supporters had predicted. Mr. Khan, from the main opposition Labour Party, was initially elected to the post in 2016, becoming London’s first Muslim mayor, and would now become the first politician to win three consecutive terms since the role was created in 2000. With the Labour Party well ahead in the opinion polls ahead of a looming general election, many analysts had expected Mr. Khan to cruise to a comfortable victory in a city that tends to lean to the left, but some saw the potential for an unexpectedly tight race against Susan Hall, representing Britain’s governing Conservative Party. That prospect quickly faded on Saturday, with Mr. Khan’s party declaring victory and the BBC forecasting him as the winner after results from half of London’s regions showed the mayor exceeding his performance in his last election, in 2021.

Persons: Sadiq Khan, Khan, London’s, Susan Hall, Khan’s Organizations: Labour Party, Conservative Party Locations: London

☆ Rishi Sunak’s Dismal Task: Leading U.K. Conservatives to Likely Defeat
▼ + stars: | 2024-05-04 | by ( Mark Landler | ) www.nytimes.com time to read: +1 min

A few days before Britain’s Conservative Party suffered a stinging setback in local elections on Thursday, Prime Minister Rishi Sunak recorded a short video to promote some good news from his government. In the eight-second clip, Mr. Sunak poured milk from a pint bottle into a tall glass, filled with a steaming dark beverage and bearing the scribbled figure of 900 pounds on the side. “Pay day is coming,” Mr. Sunak posted, referring to the savings that an average wage earner would supposedly reap from a cut in mandatory contributions to Britain’s national insurance system. However partisan her jab, loser is a label that Mr. Sunak is finding increasingly hard to shake, even among his members of his own party. In the 18 months since he replaced his failed predecessor, Liz Truss, Mr. Sunak, 43, has lost seven special parliamentary elections and back-to-back local elections.

Persons: Rishi Sunak, ” Mr, Sunak, He’d, Angela Rayner, Liz Truss Organizations: Britain’s Conservative Party, Labour

☆ Labour's Sadiq Khan wins re-election as London mayor
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: +1 min

Mayor of London Sadiq Khan hopes to convince U.S. tech firms to invest more in London. Sadiq Khan was re-elected as London's mayor, final results showed on Saturday, helping to cement the Labour Party's commanding lead over the governing Conservatives in local elections ahead of Britain's national vote later this year. For Labour, London is the latest of a number of councils and mayoralties it has won in the local elections, which took place on Thursday, inflicting heavy losses on Prime Minister Rishi Sunak's Conservatives. Opinion polls predict that Labour will win the next national election, propelling its leader Keir Starmer to power and ending 14 years of Conservative government in Britain. Khan, 53, who became the first Muslim mayor of the British capital in 2016, has pledged to build more social housing and work with a future national Labour government to boost police capacity.

Persons: London Sadiq Khan, Sadiq Khan, Rishi Sunak's, It's, Khan, Susan Hall, Keir Starmer, Rishi Sunak Organizations: U.S, Labour, Conservatives, Tory, Conservative, Labour Party, Labour government Locations: London, Britain

☆ Sadiq Khan wins third term as London mayor, Labour sources say, capping strong showing for opposition in English elections
▼ + stars: | 2024-05-04 | by ( Rob Picheta | ) edition.cnn.com time to read: +3 min

CNN —Sadiq Khan has won a third term as London’s mayor, Labour Party sources claimed on Saturday, capping a round of local elections across England that confirmed the political supremacy of the main opposition party. Sunak has resisted calls to outline when he will hold that vote, and Labour leads opinion polls by a huge margin. Keir Starmer’s opposition party won control of eight councils, and also stormed to victory on Thursday in a Westminster by-election in Blackpool. In particular the loss of Oldham council, a north-west English town, where around a quarter of the population is Muslim. If his victory is confirmed, Khan would become the first mayor of London to serve a third term since the post was created in 2000.

Persons: CNN — Sadiq Khan, Khan, Susan Hall, Rishi Sunak, –, Sunak, Keir Starmer’s, Yvette Cooper, Donald Trump Organizations: CNN, Labour Party, Conservative, England, Labour, Conservatives, Tories, BBC Locations: England, West Midlands, Tees, Westminster, Blackpool, Gaza, Oldham, London

New Labour Party MP for Blackpool South, Chris Webb (C) reacts as his win is announced at the count centre in Blackpool, north-west England on May 3, 2024, during the Blackpool South by-election. The opposition Labour Party won a Blackpool South by-election, taking the seat from the Conservatives. The Reform UK party, founded by Brexit proponent Nigel Farage, came in third. Labour leader Keir Starmer posted on the social media platform X that the "swing towards Labour in Blackpool South is historic." Angela Richardson, deputy chair of the Conservative Party, told the BBC the result "was not unexpected," especially given the circumstances that sparked the by-election.

Persons: Chris Webb, Rishi Sunak's, David Jones, Nigel Farage, Scott Benton's, Keir Starmer, Angela Richardson Organizations: New Labour Party, Blackpool South, Blackpool, LONDON, Rishi Sunak's Conservative Party, Labour Party, Conservatives, New Labour, Conservative, Reform UK, Labour, Conservative Party Locations: Blackpool, England, Britain

Britain’s Conservative Party suffered striking early setbacks on Friday in local elections that are viewed as a barometer for how the party will perform in a coming general election and a key test for the embattled prime minister, Rishi Sunak. Only a minority of the results had been announced by early Friday, but already the signs were ominous, if not unexpected, for Mr. Sunak’s Conservatives, who have trailed the opposition Labour Party by double digits in national polls for 18 months. The Conservatives have lost more than 120 seats so far, including six in Hartlepool, in northeast England, where the Conservatives had made inroads after Brexit but have more recently lost ground to the resurgent Labour Party. Labour also won a special election for a parliamentary seat in Blackpool South, a seaside district, in a huge swing of votes away from the Conservatives, who had held the seat but narrowly missed finishing third, behind Reform U.K., a small right-wing party. The previous Tory member of Parliament, Scott Benton, resigned in March after becoming embroiled in a lobbying scandal.

Persons: Rishi Sunak, Scott Benton Organizations: Britain’s Conservative Party, Sunak’s Conservatives, Labour Party, Conservatives, Labour, Blackpool, Reform Locations: Hartlepool, England

☆ Britain’s Conservatives suffer heavy losses in a sign that Rishi Sunak is in real trouble
▼ + stars: | 2024-05-03 | by ( Luke Mcgee | ) edition.cnn.com time to read: +4 min

CNN —Britain’s governing Conservative Party suffered heavy losses in local elections, a sign that they could be in real trouble when the country holds a general election at some point later this year. It also means that if a general election were held tomorrow, the opposition Labour Party would almost certainly win power. What these results don’t tell us is when the general election will take place. Conservatives are divided on when they think Sunak should bite the ballot bullet. Others think Sunak should look toward the end of the year, as it allows the most time for things to improve.

Persons: Rishi Sunak, Keir Starmer, Sunak, Rwanda –, Boris Johnson, Liz Truss, Johnson, Truss Organizations: CNN, Conservative Party, Labour Party, Conservative, Labour, Reform, Conservatives Locations: Rwanda

☆ UK local election: Former PM Boris Johnson turned away from polling station after forgetting ID
▼ + stars: | 2024-05-03 | by ( Christian Edwards | Alex Hardie | ) edition.cnn.com time to read: +2 min

CNN —Boris Johnson was turned away from a polling station while trying to vote in the United Kingdom’s local elections after forgetting to bring photo ID – a requirement he introduced while prime minister. Polling station staff were forced to turn the former prime minister away as he tried to cast his ballot in South Oxfordshire on Thursday, PA media reported. New rules requiring photo ID to vote were introduced by Johnson’s Conservative government in the Elections Act 2022. Veterans minister Johnny Mercer apologized to Diver. “The legislation on acceptable forms of ID came out before the veterans ID cards started coming out in January this year.

Persons: Boris Johnson, Johnson, Adam Diver, Johnny Mercer, ” Mercer, Rishi Sunak Organizations: CNN, United, Johnson’s Conservative, Labour Party Locations: South Oxfordshire

☆ U.K. Conservatives Hold Their Breath: How Bad Will Local Elections Be?
▼ + stars: | 2024-05-02 | by ( Mark Landler | More About Mark Landler | ) www.nytimes.com time to read: +1 min

When voters in England and Wales go to the polls on Thursday to elect mayors and local council members, the outcome will inevitably be seen as a barometer for Britain’s coming general election. Given the sour public mood and the Conservative Party’s dire poll ratings, the storm clouds are already forming. The big question is not whether the governing Conservatives will lose seats — that is a foregone conclusion among pollsters — but whether the losses will exceed or fall short of expectations after 18 months in which the Tories have consistently trailed the opposition Labour Party by yawning margins. “If a party has been 20 points behind the opposition for 18 months, how much worse can it get?” said Tony Travers, a professor of politics at the London School of Economics. “The losses would have to be very, very bad for it to be viewed as a negative result for the Conservatives, and they are unlikely to be good enough for Labour for it to be viewed as a success.”

Persons: pollsters, ”, Tony Travers Organizations: Wales, Conservative, Conservatives, Tories, Labour Party, London School of Economics, Labour Locations: England

☆ England’s Local Elections and Their Wider Significance, Explained
▼ + stars: | 2024-05-02 | by ( Megan Specia | More About Megan Specia | ) www.nytimes.com time to read: +1 min

Voters in England and Wales will cast ballots for mayors, council members and police commissioners on Thursday. And while the elections will, of course, focus on local issues like garbage collection and public safety, this vote is expected to have broader significance. Local elections, by their nature, are about who leads communities and ensures the delivery of certain public services. The Conservatives face a fierce challenge from the opposition Labour Party, led by Keir Starmer. About one-third of England’s council seats are being contested on Thursday, and 10 mayoral seats in major English metro areas, home to about a third of Britain’s population, are also up for election.

Persons: Rishi Sunak’s, Keir Starmer Organizations: Conservative Party, Conservatives, Labour Party, Labour Locations: England, Wales

☆ Opinion | The Cruel Spectacle of British Asylum Policy
▼ + stars: | 2024-05-02 | by ( Daniel Trilling | ) www.nytimes.com time to read: +2 min

Rwanda, the court said, might send them back to countries where their lives could be at risk. The law that passed last week aims to override that court ruling by declaring that Rwanda is safe. Legality aside, it has never been clear that the policy is even capable of working. So what is the point of the Rwanda policy? But Mr. Sunak — under pressure from his party’s right to accede to their demands on immigration — needs an emphatic win, or at least something that looks like one.

Persons: —, Rishi Sunak, Priti Patel, ” It’s, Sunak’s, Sunak, Liz Truss, Mr, He’s Organizations: United Nations ’, Rwanda —, Conservative Party, Labour, Mr, Conservative Locations: Rwanda, Kigali

☆ He Won by a Landslide. Why Is He Fighting for His Political Life?
▼ + stars: | 2024-05-01 | by ( Stephen Castle | ) www.nytimes.com time to read: 1 min

The last time Ben Houchen ran to be mayor of Tees Valley, a struggling, deindustrialized region in northeastern England, he stormed to victory with almost 73 percent of the vote. Three years on, Mr. Houchen, a Conservative politician, faces a re-election contest in which even a narrow win would do. As voters in England prepare to vote in Thursday’s local and mayoral elections, the governing Conservatives, led by Prime Minister Rishi Sunak, are trailing badly in the opinion polls to the opposition Labour Party ahead of a general election expected later this year. So Mr. Houchen has campaigned on his own achievements, relying on his personal brand as the poster boy for “leveling up” — the Conservatives’ flagship policy of bringing prosperity to disadvantaged regions of England.

Persons: Ben Houchen, Houchen, Rishi Sunak Organizations: Conservative, Conservatives, Labour Party, —, Conservatives ’ Locations: Tees Valley, England

☆ Climate change could cost Americans born in 2024 nearly $500,000 in their lifetime
▼ + stars: | 2024-04-26 | by ( Annie Nova | ) www.cnbc.com time to read: +7 min

The October report found that around 13% of Americans reported economic hardship over the prior year due to climate change. Climate change could cost Americans born in 2024 nearly $500,000, due to higher taxes and pricier housing and food, among many other factors, ICF, a consulting firm, recently found in a report commissioned by Consumer Reports. Stan Honda | AFP | Getty ImagesOther health effects of climate change reflect more widespread shifts in global conditions. "There are clear interactions between heat waves and health conditions," said Charles Driscoll, a professor at Syracuse University who studies climate change. Climate change leads to droughts, which lead to crop failures, which cause food price spikes.

Persons: Chandan Khanna, Andrew Rumbach, Eva Marie Uzcategui, Wagner, Rumbach, Stan Honda, Charles Driscoll, Driscoll, Ringo H.W, Chiu, Mark Kantrowitz, Gernot Wagner Organizations: AFP, Getty, U.S . Department of, Treasury, Consumer Reports, Urban Institute, Bloomberg, U.S . Census, Insurance, Swiss Re Institute, Health, Natural Resources Defense, Syracuse University, International Labour Organization, Kaiser Family Foundation, of Labor Statistics, Columbia Business Locations: Fort Lauderdale , Florida, U.S, Fort Myers Beach , Florida, Florida , Louisiana, California, Hurricane, Queens, New York, Malibu, Malibu , Calif

☆ What to Know About the Breakup of Scotland’s Coalition Government
▼ + stars: | 2024-04-25 | by ( Stephen Castle | ) www.nytimes.com time to read: +1 min

Scotland’s first minister, Humza Yousaf, on Thursday abruptly ended a coalition agreement between his Scottish National Party and the Scottish Green Party, creating a new set of challenges for an embattled leader whose party has been engulfed in a funding scandal since last year. But Mr. Yousaf’s decision to scrap the coalition appeared to take Lorna Slater, a co-leader of the Greens, by surprise on Thursday morning. of “an act of cowardice,” adding that Mr. Yousaf could “no longer be trusted.”Does this mean the end of the Scottish government? The Scottish Conservatives are pressing for a vote of no confidence in Mr. Yousaf, which the opposition Scottish Labour Party has signaled it would support, and that could take place next week. But that vote relates to confidence in Mr. Yousaf, not the government, so its implications are unclear even if he were to lose.

Persons: Scotland’s, Humza Yousaf, Lorna Slater, Yousaf, “ Organizations: Scottish National Party, Scottish Green Party, Scottish, Greens, Scottish Conservatives, Scottish Labour Party Locations: Scotland

☆ Trump meets with foreign leaders looking to boost their relationships with GOP leader ahead of election
▼ + stars: | 2024-04-24 | by ( Alayna Treene | Steve Contorno | ) edition.cnn.com time to read: +10 min

In recent weeks, Trump, seizing the role of both an erstwhile diplomat and ascending opposition party leader, has extended welcomes to a series of foreign leaders at his homes in Florida and New York. It’s not unusual for foreign leaders to meet with the leader of the party that doesn’t control the White House – especially one with a serious chance of becoming commander in chief. Biden and his top envoys have also met and spoken with opposition leaders, something that has been a longstanding practice for US officials. Last week, Trump met with Poland’s Duda at Trump Tower, where the two discussed NATO spending over dinner. Trump, both while president and during his 2024 campaign, has called on NATO countries to spend more on defense.

Persons: Donald Trump, hasn’t, Trump, Andrzej Duda, David Cameron, Saudi Crown Prince Mohammed bin Salman, Taro Aso, It’s, Sen, Barack Obama, Mitt Romney, Biden, Sviatlana Tsikhanouskaya, Antony Blinken, Keir Starmer, Joe Biden, “ They’re, he’s, “, Vladimir Putin, Xi Jinping, ” Biden, ”, Kim Jong Un, ” Trump, Brian Hughes, Viktor Orban, Putin, Javier Milei, Orban, Viktor Orbán, Orbán, Aso, Fumio Kishida, Kishida, Lindsey Graham, Salman, King Hamad bin Isa Al Khalifa, Poland’s Duda, Duda, meanwhile, Cameron, Karen Pierce, Cameron’s, Pierce didn’t, Queen Elizabeth II Organizations: CNN, Air Force, British, Saudi Crown, Middle East, Republican, UK Labour Party, US State Department, Biden, Trump, NATO, Conservative Political, Japanese, White, Liberal Democratic Party, Saudi, New York Times, South Carolina Republican, Hamas, The New York Times, Trump Tower, Republicans, Democrats, UK Locations: House, huddling, Florida, New York, Lago, Manhattan, Japan, China, North Korea, Berlin, United Kingdom, Israel, Poland, Belarus, Munich, Europe, America, Ukraine, Korean, United States, Palm, Saudi Arabia, Bahrain, American, Russia, British, Washington

☆ India's high unemployment is a 'ticking bomb,' opposition says as election battle with Modi's BJP heats up
▼ + stars: | 2024-04-23 | by ( Vinay Dwivedi | ) www.cnbc.com time to read: +4 min

India's unorganized sector, which is made up of millions of small businesses that are privately owned, make up about 93% of the country's total workforce. As many as 32% of the respondents said increasing unemployment was the key reason why they would not elect the BJP again. India's Labour Ministry did not immediately respond to CNBC's queries pertaining to the country's unemployment situation. Rajan, who was speaking about how to make India an advanced economy at the George Washington University, said: "Unemployment numbers are high, disguised unemployment is even higher. A slowdown in hiring in India's huge information technology sector is also to blame for the lack of well-paying, white-collar jobs.

Persons: Rahul Gandhi, Narendra Modi, Modi, Gandhi, —, Manmohan Singh, Arun Kumar, Lokniti, joblessness, Kumar, Raghuram Rajan, Rajan Organizations: DELHI, International Labour Organisation, Institute of Human, Goods, Services Tax, Jawahar Lal Nehru, CNBC, ILO, Bharatiya Janata Party, Indian National Congress, BJP, Modi, India's Labour Ministry, Former Reserve Bank of India, George Washington University, Labor Locations: India, Bihar, New Delhi

☆ Rwanda bill: UK passes controversial bill to send asylum seekers to East Africa after two years of challenges
▼ + stars: | 2024-04-22 | by ( Luke Mcgee | ) edition.cnn.com time to read: +5 min

CNN —The UK parliament has finally passed a contentious bill that will allow the government to send asylum seekers to Rwanda for their claims to be considered by the East African nation. In theory, the legislation will see some landing in the UK sent to Rwanda where their asylum claim will be considered. And it makes clear that the UK Parliament is sovereign, giving the government the power to reject interim blocking measures imposed by European courts,” he added. The European court has previously barred it from sending asylum seekers to Rwanda. To date, the Rwanda policy has cost the British government £220m ($274m), and that figure could rise to £600m after the first 300 people have been sent to East Africa.

Persons: Rishi Sunak’s, Sunak, ” Refoulement, Bill, James, Rwanda Bill, –, Rishi Sunak, Toby Melville, Nigel Farage – Organizations: CNN, East, of Human, European Convention of Human Rights, Commons, Sunak, University of Oxford, Conservative Party, Reform UK, Labour Party Locations: Rwanda, United Kingdom, France, ”, East Africa

☆ Russia says deeper U.S. hybrid war using Ukraine will end in Vietnam-style humiliation
▼ + stars: | 2024-04-21 | by ( ) www.cnbc.com time to read: +2 min

Russia said on Sunday that U.S. lawmakers' approval of $60.84 billion more in support for Ukraine showed that Washington was wading deeper into a hybrid war with Russia that would end in a humiliation on a par with Vietnam or Afghanistan. Russian Foreign Ministry Spokeswoman Maria Zakharova said that it was clear that the United States wanted Ukraine "to fight to the last Ukrainian" including with attacks on Russian sovereign territory and civilians. "Washington's deeper and deeper immersion in the hybrid war against Russia will turn into such a loud and humiliating fiasco for United States as Vietnam and Afghanistan," Zakharova said. She said that ordinary Ukrainians were being "forcibly driven to slaughter as 'cannon fodder'" but that the United States was now no longer betting on a Ukrainian victory against Russia. The leaders of the West and Ukraine have cast the war in Ukraine as an imperial-style land-grab which shows that post-Soviet Russia is one of the top two biggest nation-state threats to global stability, alongside China.

Persons: Vladimir Putin, Vladimir Putin's, Maria Zakharova, Zakharova, Putin Organizations: Sputnik, country's Labour, Social Protection, Ukraine, Cuban Missile, U.S . House, Russian Foreign Ministry, Russia, West Locations: Russian, Moscow, Russia, Washington, Vietnam, Afghanistan, Ukraine, U.S, Israel, Taiwan, United States, Ukrainian, Soviet Russia, China

☆ Rishi Sunak: Everything seems to be going wrong for British PM
▼ + stars: | 2024-04-20 | by ( Luke Mcgee | ) edition.cnn.com time to read: +6 min

CNN —Life must seem bleak for British Prime Minister Rishi Sunak these days. Sunak has said that he will hold a general election this year, but has yet to confirm its date. It was only voted through by MPs because it has the support of the opposition Labour Party. Anderson is a working-class former miner who is from a part of the country that traditionally votes for the opposition Labour Party. However, Anderson was suspended from the Conservative Party after making comments about the Muslim mayor of London, Sadiq Khan, that Sunak clearly believed were beyond the pale.

Persons: Rishi Sunak, Sunak, –, Boris Johnson, Winston Churchill, It’s, ” Rishi Sunak, Dan Kitwood, Liz Truss, Lee Anderson, Anderson, Elon Musk, Tesla, Kirsty Wigglesworth, doesn’t, Sadiq Khan, Suella Braverman, Braverman, Johnson, Rishi, ” Sunak Organizations: CNN, British, Conservative Party, Labour Party, ”, Conservatives, Allies, Labour, Sunak's, SpaceX, Reuters, Conservative, “, Adidas Samba Locations: Quebec, London, Rwanda

☆ Loads of analysts cut their price targets on these 10 stocks ahead of earnings
▼ + stars: | 2024-04-18 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Analysts have lowered their expectations on several global stocks this week by cutting their price targets. The list of stocks includes auto stocks Tesla , Rivian and Aptiv , pharmaceutical firms Biogen and Novartis , energy companies EQT Corp and TotalEnergies , airline Deutsche Lufthansa and aerospace firm Boeing , and fast food giant McDonald's . The price target changes come ahead of the next earnings season covering the first quarter of this year. CNBC Pro screened for global stocks in the MSCI World index that have received price target downgrades over the past seven days and are yet to report earnings. Tesla Wall Street analysts from 15 firms downgraded their 12-month price targets for Tesla over the past week.

Persons: Elon Musk, Tesla's, Tesla, Stifel Nicholas, Johannes Braun, Marc Zeck, Samantha Subin, Michael Bloom Organizations: Novartis, EQT Corp, Deutsche Lufthansa, Boeing, CNBC Pro, Barclays, Lufthansa Locations: Stifel

☆ India’s economy and elections: Is the hype around Narendra Modi’s vision justified?
▼ + stars: | 2024-04-16 | by ( Diksha Madhok | Rachel Wilson | ) edition.cnn.com time to read: +9 min

New Delhi/London CNN —In just a few days, India will commence the world’s largest democratic election. So, is the hype around Modi’s India, which remains a largely impoverished country, justified? The world’s largest biometric database has also helped the government save millions by reducing corruption in welfare initiatives. Domestic investors, both retail and institutional, have been driving India’s stock market to unprecedented peaks. Still, India’s economy, much like its democracy, is far from perfect.

Persons: Narendra Modi, Indranil Mukherjee, Modi, Himanshu Sharma, Guido Cozzi, Arun Sankar, Billionaire Elon Musk Organizations: London CNN —, Getty, CNN, World, University of St, Unified, Bank, ”, National Stock Exchange of India, bourse, Bombay Stock Exchange, NSE, Shenzhen Stock Exchange, Hong Kong Exchange, World Federation of Exchanges, Macquarie Capital, Apple, Foxconn, Billionaire, International Labour Organization Locations: New Delhi, London, India, China, Beijing, Ajmer, Rajasthan, University of St Gallen, Switzerland, Asia’s, Washington, Sriperumbudur, Chennai, Mumbai's Churchgate, AFP

☆ Fed likely to cut rates before ECB blinks, former BOE member says
▼ + stars: | 2024-04-11 | by ( Silvia Amaro | ) www.cnbc.com time to read: +3 min

The U.S. Federal Reserve is likely to cut interest rates before the European Central Bank does, a former member of the Bank of England said, defying current market expectations. Investors are closely monitoring central bank moves on the back of a considerable reduction in inflation across major economies. So far, Switzerland was the first major economy to cut interest rates back in late March. Market players are currently pricing in a 92.8% chance that the ECB will cut rates in June from the historically high level of 4%, according to LSEG data. Her comments come just ahead of a European Central Bank meeting due on Thursday.

Persons: DeAnne Julius, Julius, Christine Lagarde, Lagarde Organizations: U.S . Federal, European Central Bank, Bank of England, Monetary, CNBC, Tuesday, ECB, Federal Reserve Locations: Switzerland, U.S, United States

☆ State-backed cyberattacks, AI deepfakes, and more: Experts reveal UK election cyber threats
▼ + stars: | 2024-04-08 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

State actors have since made routine attacks in various countries to manipulate the outcome of elections, according to cyber experts. "Right now, generative AI can be used for harm or for good and so we see both applications every day increasingly adopted," Meyers told CNBC. "This democratic process is extremely fragile," Meyers told CNBC. "You can train those voice AI models very easily ... through exposure to social [media]," Holmes told CNBC in an interview. It's just one example of many deepfakes that have cybersecurity experts worried about what's to come as the U.K. approaches elections later this year.

Persons: Andrew Brookes, Rishi Sunak, Todd McKinnon, Okta's McKinnon, We're, Adam Meyers, CrowdStrike, Meyers, Dan Holmes, Holmes, Keir Starmer, what's Organizations: Getty, Britain, CNBC, British, U.S, APT, New Zealand, Labour Party, Local, Facebook, Meta, Google Locations: Russian, Moscow, London, Wuhan, U.S, Australia, New, China, cybersecurity, Russia, Iran

☆ British Foreign Secretary David Cameron meeting with Trump on Monday night
▼ + stars: | 2024-04-08 | by ( Kaitlan Collins | ) edition.cnn.com time to read: +2 min

CNN —British Foreign Secretary David Cameron will meet with Donald Trump at the former president’s Mar-a-Lago club on Monday night, two people familiar with the visit told CNN. “The Foreign Secretary is on his way to Washington DC, where he will hold discussions with US Secretary of State Blinken, other Biden administration figures and members of Congress. “Ahead of his visit to Washington, the Foreign Secretary will meet former President Trump in Florida today. The foreign secretary of one of America’s closest allies, Cameron served as prime minister from 2010 to 2016, stepping down before Trump assumed the presidency the following year. Trump and Cameron have both in recent days criticized Israel’s handling of its war in Gaza.

Persons: David Cameron, Donald Trump, Antony Blinken, Biden, Trump, ” Cameron, America, Ukraine’s, Mike Johnson, America’s, Cameron, “, Israel “, Israel, CNN’s Jack Forrest, Kate Sullivan, Rob Picheta Organizations: CNN, British, Washington DC, State, Western, Russia, Trump, Conservative Party, Labour, Sunday Times, Israel, Gaza Ministry, Health Locations: South Florida, Washington, Ukraine, Florida, languish, Gaza, Israel

Search resuls for: "LABOUR"

25 mentions found