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Finance

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Finance

Deep-red Kansas votes for change as patience wears thin with Trump: ‘The economy is really taking a beating’

Bills have soared in rural state buffeted by tariffs and war in Iran – and Democrat Adam Hamilton’s stunning upset shows how deep economic frustrations run Linda Olson always does her homework before voting – a trait she inherited from a family invested, and interested, in politics. Her father was a photographer who took portraits of political leaders in Washington, while her grandparents were farmers who cared deeply about their industry. In 2024, Olson’s research led her to Donald Trump. She trusted that the then-former president would improve their economic realities in Junction City, Kansa

The Guardian
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Finance

Bomb threats disrupt dozens of flights across Europe, raising hybrid war fears

Planes forced into emergency landings or diversions two days after hoax alerts affected air travel Why have more than 30 European flights been hit by bomb threats this week? Hoax bomb threats have disrupted at least 34 flights across Europe this week, with some forced to make emergency landings, as questions mount over an apparently coordinated effort to cause chaos for travellers. At least 25 bomb threats affected flights on Thursday between Italy, Ireland, the UK, Spain, Bulgaria, Romania, Poland, Finland, Austria, Denmark, Belgium, Portugal, France, Greece, Serbia and Czechia. Continue read

The Guardian
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Finance

Bank of England raises interest rates to 4%, the first increase for more than three years

Base rate increases from 3.75% and Bank governor signals another rise in near future to combat rising inflation Analysis: Interest rate rise in midst of cost of living crisis will leave many incredulous The Bank of England has raised interest rates for the first time in three years and warned of another increase to combat inflationary pressure unleashed by the Iran war. Eight members of the Bank’s monetary policy committee (MPC) voted for the rise, which takes the base rate from 3.75% to 4%. The ninth member, Catherine Mann, preferred a more dramatic half-point increase. Continue reading...

The Guardian
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Finance

Why have more than 30 European flights been hit by bomb threats this week?

With flights disrupted, how concerned should you be about your travel plans? More than 30 planes have been subjected to security alerts or diversions this week, with at least 25 more bomb threats on Thursday disrupting civil aviation across Europe. What do we know so far, and how concerned should you be about your travel plans? Continue reading...

The Guardian
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Finance

Channel 4 axes Married at First Sight UK after rape allegations

Decision made in wake of two reviews ordered following two allegations of rape and one of sexual misconduct during filming Channel 4 has axed its money-spinning reality show Married at First Sight UK, after female participants made allegations of rape and sexual misconduct during its production. The broadcaster announced the decision following two reviews ordered after two women alleged they were raped during the filming of MAFS and a third alleged she was subjected to a nonconsensual sex act. Continue reading...

The Guardian
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Finance

BT cuts almost 8,000 jobs amid sweeping cost-saving programme

Telecoms group reports £1.1bn pre-tax profit in six months to end of September and share price touches five-year high Business live – latest updates BT has cut almost 8,000 jobs since the end of March as it pushes ahead with sweeping cost reductions across the business. The telecoms group said its workforce had fallen by 7,731 to 90,000, excluding staff in its international business, which is being spun out in a joint venture with the US telecoms company Verizon. It had a workforce of about 130,000 people, including contractors, two years ago. Continue reading...

The Guardian
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Finance

Debt of poorest countries at record $9.4tn high, World Bank data shows

Cost of servicing external debt is preventing developing countries from investing for future Debt owed by developing countries rose to a record $9.4tn (£7tn) last year, with the poorest paying the highest interest rates since the late 1980s, World Bank data shows. The UK government is preparing to champion a “new drive on debt” as part of its presidency of the G20 next year – a move the prime minister, Andy Burnham, has linked to confronting the legacy of slavery. Continue reading...

The Guardian
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Finance

What does the UK interest rate rise mean for homeowners and savers?

First rate rise for more than three years leaves millions facing rise in mortgage payments Bank of England raises interest rates to 4% Business live – latest updates The Bank of England has hiked interest rates by 0.25 percentage points, taking the base rate to 4%. It is the first rate rise for more than three years, leaving millions of households facing a sharp rise in mortgage payments. Continue reading...

The Guardian
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