The Chief Economist of the European Central Bank (ECB), Philip Lane, has cautioned markets against anticipating interest rate cuts in the next two years. Despite the ECB’s recent 25 basis point increase in its main rate to 3.5%, Lane emphasized the need for restrictive policies to combat record-high inflation in the euro zone. In May,
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After an arduous search spanning three decades, mathematicians have made a groundbreaking discovery with the aid of a supercomputer – they have finally identified a new Dedekind number. This remarkable finding marks the emergence of only the ninth Dedekind number, known as D(9), which can be expressed as 286 386 577 668 298 411 128
The potential temporary public ownership of Thames Water has brought the privatisation of the water industry back into the spotlight. This move comes after the company’s CEO resigned abruptly, and Sky News reported on government contingency plans for the company’s potential collapse. Over the years, the water sector has faced numerous controversies and scandals, leading
The San Bernardino County Sheriff’s Department has confirmed that human remains discovered in a mountainous area in California belong to British actor Julian Sands. Sands, 65 years old, had been reported missing over five months ago in the Mount Baldy region of the San Gabriel mountains. Hikers stumbled upon the remains on Saturday morning, and
Cineworld, the world’s second-biggest cinema chain, is expected to file for administration of its listed entity, Cineworld plc, in the UK as part of its proposed restructuring following Chapter 11 bankruptcy protection in the US. However, the company’s operating companies will continue business as usual without interruption, and the proposed restructuring will transform the group’s
Ian Bremmer, President of Eurasia Group, has stated that Yevgeny Prigozhin, the Russian mercenary chief, is a “dead man walking” after leading a failed rebellion against Russian President Vladimir Putin. Prigozhin, who is a former Putin ally and founder of the private military group Wagner, attempted to incite an armed revolt against Putin over the
Yevgeny Prigozhin, Russia’s mercenary boss, attempted to stage a “24-hour coup” to overthrow the Russian regime. However, his attempt failed, and he called off the rebellion before reaching Moscow. Although the rebellion was unsuccessful, the fact that Prigozhin could even attempt it with little resistance is seen as a blow to Putin’s regime. Prigozhin’s private
The Australian government is proposing new laws that could see tech giants like Facebook, Google, Twitter, TikTok, and podcasting services fined up to five percent of their annual global turnover for failing to tackle disinformation. The new laws aim to bring “mandatory” standards to the little-regulated sector. Under the proposed legislation, the Australian Communications and
On Sunday, China expressed its support for Russia’s efforts to maintain national stability and described the aborted rebellion by a Russian mercenary force as an “internal affair”. A Chinese foreign ministry spokesperson stated that, as Russia’s friendly neighbor and comprehensive strategic partner of coordination for the new era, China supports Russia in maintaining national stability
This past weekend saw mixed results for Hollywood as it was a session of holdovers after two major studio movies were released the previous weekend. The Flash, which had initially fallen short of projections, added $26.6M in 78 offshore markets this weekend, experiencing a 59% drop. The Warner Bros/DC deep universe title has now accumulated