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US Fed holds interest rates and defends central bank independence
Posted onTwo Fed officials voted in favour of an interest rate cut – Stephen Miran, who is on leave from his post at the White House where he leads Trump’s Council of Economic Advisers, and Christopher Waller, a Trump appointee whose name has been floated as contender to succeed Powell.
OpenAI offers rival AI to UK banks blocked from Claude Mythos
Posted onFormer UK Chancellor George Osborne, who is now a senior executive at OpenAI, told the BBC that Bailey had not contacted him directly. He said his firm did not want to “hide [5.5 Cyber] away or keep it to ourselves” but confirmed that, like Mythos, it would not become available to all.
OBR role to be investigated by Treasury Committee
Posted onAn inquiry into the role of the UK government’s economic forecaster is being launched by a group of MPs, after the body came under intense scrutiny in the run-up to the Budget. The Treasury Committee will examine the Office for Budget Responsibility’s (OBR) first 15 years and consider potential reforms, including any improvements or changes…
UK names Christian Turner as ambassador to US, replacing Peter Mandelson
Posted onTom Bennett,Londonand Bernd Debusmann Jr,White House Reuters The UK has named career diplomat Christian Turner as its new ambassador to the US, Downing Street has confirmed. The previous ambassador, Peter Mandelson, was sacked by UK Prime Minister Sir Keir Starmer after evidence, including emails and photos, emerged showing his continued association with the paedophile Jeffery…
US tariff policy hasnt changed, says Trumps trade representative
Posted onOn the day that Trump announced the IEEPA tariffs last April, the tariffs on his products went from zero to 30%, Smeaton told BBC Radio 4’s Today programme. Afterwards, they went up to 100%, then 145%, and eventually a rate of 30% was paid. This later changed to 20% and, for a few hours on…
