Image source: Getty Images There's a reason mortgage applications slowed down for much of August and September. Borrowing rates, which have risen sharply since the start of the year, ticked upward during the second half of the summer, to the point where many buyers were pushed out of the market.
Britain's national election, expected later this year, will take place against a backdrop of persistently slow economic growth, high public debt and little room to increase spending for whoever wins power unless they raise taxes. Prime Minister Rishi Sunak promises voters that a recovery from a cost-of-living crisis is underway while the opposition Labour Party, which is far ahead in opinion polls, accuses his ruling Conservatives of overseeing 14 years of economic failure. Below is a summary of some of the challenges facing the world's sixth-biggest economy which appears to be emerging from a shallow recession but is still feeling the aftershocks of Brexit, the COVID pandemic and the energy price surge of 2022.
Vietnam's central bank said on Friday it had continued providing support to Saigon Joint Stock Commercial Bank (SCB), which it put under special supervision in October 2022 after a run on its deposits. Reuters reported on Wednesday the central bank had pumped nearly $24 billion in SCB to prevent its collapse, and that special loans to the bank had continued at least until early April. The central bank placed SCB under its supervision to stem a run on the bank sparked by the October 2022 arrest of real estate tycoon Truong My Lan, who was last week sentenced to death over her role in a $12.5 billion financial fraud case, Vietnam's biggest of its kind.
Emily and Ben Fidler have been fans of the Arizona Coyotes since 1996. They went on dates to Coyotes games and decades later, they took their daughter, Brelyn, to Coyotes games.
China's vaccine developers stuck with unused mRNA COVID shots and idle manufacturing plants are pursuing new targets for the novel messenger RNA technology, but they face a tough path, crimped by a lack of revenue. Three Chinese companies - Walvax Biotechnology , CSPC Pharmaceutical Group and Stemirna Therapeutics - came up with mRNA vaccines that won limited emergency approvals in Asia. However, Walvax and CSPC are not currently manufacturing three of their China market shots, a China health official told Reuters.
Experts believe staying close to the shore helps sharks avoid predators while aiding growth.
Nvidia’s AI dominance won’t last forever. Big Tech and the rest of Silicon Valley are racing to catch up.
Amazon, Alphabet, Meta, and Microsoft are spending huge amounts on AI. In-house chips could cut costs.
Nigeria has halved federal borrowing from the central bank, according to Finance Minister Wale Edun, as Africa's biggest economy works to curb monetary financing and shift to markets to plug revenue shortfalls. President Bola Tinubu, who inherited an economy struggling with record debt, high unemployment, subsidies and large central bank financing, has promised to make the bank autonomous and more focused on its core mandate. Central bank overdrafts to the federal government, so-called "ways and means," were popular with the previous administration, peaking at $53 billion in 2023 and fuelling inflation and budget deficits.
Britain's national election, expected later this year, will take place against a backdrop of persistently slow economic growth, high public debt and little room to increase spending for whoever wins power unless they raise taxes. Prime Minister Rishi Sunak promises voters that a recovery from a cost-of-living crisis is underway while the opposition Labour Party, which is far ahead in opinion polls, accuses his ruling Conservatives of overseeing 14 years of economic failure. Below is a summary of some of the challenges facing the world's sixth-biggest economy which appears to be emerging from a shallow recession but is still feeling the aftershocks of Brexit, the COVID pandemic and the energy price surge of 2022.
Michail Antonio’s early goal was not enough.
ST. PAUL, Minn. (AP) — Tye Kartye tipped in a slap shot by Oliver Bjorkstrand for the tiebreaking goal with 2:40 remaining, and the Seattle Kraken beat the Minnesota Wild 4-3 on Thursday night to wrap up the regular season for two teams that missed the playoffs. Ryan Hartman scored 6-on-4 on a power play for the Wild with 1:05 left and goalie Marc-Andre Fleury pulled, but Kraken goalie Joey Daccord — who had 21 saves — and the defense held up. Brandon Tanev, who assisted on both of Yanni Gourde’
DENVER (AP) — Valeri Nichushkin scored twice, Nathan MacKinnon added two assists to break the franchise’s single-season points mark and the Colorado Avalanche cruised into the playoffs behind a 5-1 win over the Edmonton Oilers on Thursday night. MacKinnon wrapped up the regular season with 140 points (51 goals, 89 assists) to top Peter Stastny’s franchise record of 139 set in 1981-82 when the club was in Quebec. The speedy MacKinnon couldn’t catch Tampa Bay’s Nikita Kucherov in the race for the
Thetford's Simona Zavieka will fight to become a national amateur boxing champion on Saturday.
Amid a leadership transition, Lawrence Wong hints at few changes to the cabinet lineup. Read on to find out what experts think about potential promotions.
SEATTLE (AP) — Saturday marks marijuana culture’s high holiday, 4/20, when college students gather — at 4:20 p.m. — in clouds of smoke on campus quads and pot shops in legal-weed states thank their customers with discounts. This year’s edition provides an occasion for activists to reflect on how far their movement has come, with recreational pot now allowed in nearly half the states and the nation’s capital. Many states have instituted “social equity” measures to help communities of color, harme
China's vaccine developers stuck with unused mRNA COVID shots and idle manufacturing plants are pursuing new targets for the novel messenger RNA technology, but they face a tough path, crimped by a lack of revenue. Three Chinese companies - Walvax Biotechnology, CSPC Pharmaceutical Group and Stemirna Therapeutics - came up with mRNA vaccines that won limited emergency approvals in Asia. However, Walvax and CSPC are not currently manufacturing three of their China market shots, a China health official told Reuters.
Barcelona midfielder Aitana Bonmati says she is excited to come up against Chelsea again in the Women's Champions League semi-finals.
Police say five foreign nationals who were in car that came under attack are safe
LOS ANGELES (AP) — Viktor Arvidsson scored the tying goal with 1:21 left in regulation, and the Los Angeles Kings earned a playoff rematch with Edmonton by jumping into third place in the Pacific Division with a 5-4 overtime victory against the Chicago Blackhawks on Thursday night. The Kings’ comeback and the defending champion Vegas Golden Knights’ loss to Anaheim propelled Los Angeles into a third straight postseason meeting with the Oilers, who beat the Kings in both of their previous two fir
Dr Sarah Benn could be struck off for her participation in peaceful climate change protests.
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