Despite twelve consecutive central bank interest rate hikes, Bank of England Governor Andrew Bailey has warned that the UK is experiencing a wage-price spiral. Bailey stated that “some of the strength in core inflation [in the UK] reflects the indirect effects of higher energy prices,” but also noted that it reflects second-round effects. He further
The relationship between the US and South Africa became strained last week after US Ambassador Reuben Brigety accused Pretoria of running guns for Russia through a mystery merchant ship. Brigety was summoned to a meeting with senior South African officials to answer for his comments, which related to the Lady R, a US-sanctioned Russian merchant
Sony Pictures Entertainment India has announced that the sequel to the 2018 hit Spider-Man: Into the Spider-Verse, Spider-Man: Across the Spider-Verse, will make its debut in Indian theatres on June 1, a day earlier than the scheduled release in the US. The animated feature will be shown in English, Hindi, Tamil, Telugu, Kannada, Malayalam, Gujarati,
The Boston Celtics started Game 1 of the Eastern Conference finals with a strong first half, leading 66-57 over the Miami Heat. However, the third quarter saw the Celtics’ performance take a turn for the worse, as they were outscored 46-25 by the Heat. This gave Miami a 12-point lead, which they held onto for
Samsung may soon launch its latest F-series smartphone, the Galaxy F54 5G in India. The device is expected to run on the company’s Exynos 1380 SoC, and come with 8GB of RAM and up to 256GB of onboard storage. Leaked information suggests that the F54 5G will feature a 108-megapixel triple rear camera unit and
Days after the release of Holy Spider, a serial killer thriller directed by Ali Abbasi, the Russian government imposed a ban, citing undisclosed reasons. Although the move was unexpected, it is not surprising given the current political climate. Russia and Iran are both facing isolation on the world stage and have formed a military and
In Game 1 of the Western Conference finals, the Denver Nuggets’ Nikola Jokic showed the Los Angeles Lakers that he was ready to dominate. Jokic came out aggressive, reintroducing himself as a two-time MVP at the top of his game. He compiled his third straight triple-double this postseason by the third quarter, finishing with 34
UBS has estimated a financial hit of approximately $17 billion from its emergency takeover of Credit Suisse, according to a regulatory filing. The Swiss banking giant has flagged a total negative impact of around $13 billion in fair value adjustments of the new combined entity’s assets and liabilities, along with a potential $4 billion hit
The San Antonio Spurs won the 2023 NBA draft lottery on Tuesday night, giving them the No. 1 overall pick and the opportunity to select French super-prospect Victor Wembanyama. This marks the third time in franchise history that the Spurs have held the No. 1 pick, having previously selected David Robinson in 1987 and Tim
Stellantis, the parent company of Vauxhall, has called on the UK government to renegotiate its Brexit deal with the EU. The company has expressed concerns about the future of UK plants and their ability to meet the trade rules on where parts are sourced. In a submission to a parliamentary committee’s inquiry on electric vehicle