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UK forecast to be second-fastest growing economy in G7 – IMF
Faisal IslamBBC Economics Editor Getty Images Chancellor Rachel Reeves said, despite the IMF’s upgrade to UK economic growth, “for too many people, our economy feels stuck” The UK is forecast to be the second-fastest growing of the world’s most advanced economies this year, according to new projections from the International Monetary Fund (IMF). The rates…
Grants awarded to tackle cost-of-living crisis in Dorset
Organisations tackling the cost-of-living crisis in Dorset have been awarded £80,000 worth of grants. Dorset Community Foundation and Bournemouth, Christchurch and Poole (BCP) Council provided the money to 23 local groups. The council said it would pay for projects providing warm hubs, free meals, cookery workshops and money advice. Council cabinet member Sandra Moore said:…
Trump tariffs: The uncertainties facing businesses and consumers after tariff changes
US economist Bernard Yaros pointed out that Trump has already used Section 232 of the Trade Expansion Act of 1962 to introduce industry-specific tariffs on sectors including vehicles, steel and aluminium, and noted that “the Department of Commerce has launched Section 232 investigations into pharmaceuticals, semiconductors, critical minerals, and aircraft”.
CIA director had two-hour meeting with new Venezuelan leader in Caracas
Reuters CIA director John Ratcliffe met Venezuela’s Interim President Delcy Rodríguez in Caracas on Thursday “at President Trump’s direction,” a US official has said. The two-hour meeting was aimed at building trust and communication following the US seizure of Venezuela’s former president Nicolás Maduro almost two weeks ago. Ratcliffe and Rodríguez discussed potential economic collaboration…
