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City banks defy Brussels to out-earn French rivals PM urged to back bid for factory at heart of Britain’s food supply FTSE 100 rises 1pc Matthew Lynn: Biden’s global tax plan is sinking rapidly — and good riddance Sign up here for our daily business briefing newsletter T he Kremlin is poised to cut future spending plans by £24bn as Western sanctions against Russia bite. Defence, technology and transport budgets are all set to be trimmed, according to Russian media. More than 1.6 trillion roubles, or £24bn, has been slashed from the Russian state budget over the next three years as Moscow braces for a two-year recession. Spending will be 557bn roubles (£8.2bn) lower in 2023 than previously approved plans, with similar cuts pencilled in for the following two years. The budget tweaks are minor compared to the size of Moscow’s overall budget but the figures are one of the first signs of the fiscal blow being dealt by the conflict in Ukraine. The 2023 … [Read more...] about Kremlin slashes spending by £24bn as West’s sanctions batter Russia

EVERY American child dreamed of having their own Barbie doll at some point. Due to changing trends and the new Barbie movie, Barbiecore is now back in our lives more than ever. What is Barbiecore? Barbicore essentially refers to the epitome of Barbie's style: hot pink, bright neons, feminine makeup, and sparkly accessories. With the return of Y2K fashion and thrifting trending across social media, people are praising the 90s Barbie girl aesthetic. The #Barbiecore hashtag has over 7.7million views on TikTok, with many creators creating Barbiecore aesthetic outfits or even rooms and sharing their style. "Barbie is inspired by pop culture and fashion. And like many of us, her style evolves to be reflective of today's trends and culture," shared SVP, Global Head of Design Barbie & Fashion Dolls Kim Culmone with InStyle . Read More On The Sun TRUE DIRECTION True 'directs' mom Khloe's photoshoot as she embraces her inner Barbie … [Read more...] about What is Barbiecore?

Russia 'already targeting' Sweden and Finland says Rinkēvičs Sign up for our news briefing, including a daily special Russia-Ukraine edition SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info These revolutionary new batteries can store renewable electricity for months at a time, overcoming a major hurdle in energy storage. The device uses low-grade sand, which is then heated up in the battery using electricity generated from wind and solar energy, which is generally cheaper. The sands can store that energy in the form of heat at around 500C, which can then be deployed to warm homes in winter when there is higher demand and the energy is more expensive. Related articles Lifeline for millions as goldmine of cheap, reliable and … [Read more...] about Energy crisis: Finland develops new ‘sand battery’ as major breakthrough solution

Greg Hands makes Putin jibe at SNP over oil and gas Sign up for our news briefing, including a daily special Russia-Ukraine edition SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Russian President Vladimir Putin has sparked panic in Berlin, which gets a third of its gas from Russia , over a looming supply squeeze. Gazprom, the Kremlin-controlled gas giant, already showed last month that it is willing to slash supply volumes transiting to the country after it sent deliveries from the Nord Stream 1 pipeline plummeting. Related articles Russia's plans are now 'doomed' as Putin 'awakens sleeping giant' Lifeline for millions as goldmine of cheap, reliable and green energy While the company blamed this on a … [Read more...] about Germany braces for ‘ice-cold winter’ as Russia’s gas cut threatens to freeze millions

Farmers blocked roads with tractors in southwestern Spain on Tuesday in the latest series of mass protests over plummeting incomes in the country's agriculture sector. The protests are mainly organised in the Extremadura region near the Portuguese border. Trade unions demand political action to guarantee retail prices for fruit and vegetables that farmers can make a living from. These protests have been happening for at least a week in this region and elsewhere in Spain. Farmers are angry at the combination of high agricultural production costs and the low prices they receive for their produce. EU policy requirement creates an 'unfair' market - claim The price of production for a kilo of oranges is around €0,20 to €0,22, the general secretary of the Agricultural Association of Young Farmers in Valencia (AVA ASAJA) Juan Salvador Torres, told Euronews. Yet the same kilo of oranges only earns the farmer around €0,18 to €0,20 -- which means they're losing money. … [Read more...] about Why are Spanish farmers protesting against low prices?

PRINCE William and Kate Middleton must follow the same strict rules as others seated within the Royal Box at Wimbledon. Everyone that is sat in the Royal Box at Wimbledon has been personally invited by the Chairman of the All England Club. Those lucky enough to be invited must meet expectations not required of sports fans seated elsewhere. And all guests - including the Royal Family - must dress in smart attire. Wimbledon advises this means wearing a suit or jacket, plus a tie for men. However, the main rule that Prince William and Kate Middleton must follow is that they are not allowed to wear hats, in order to not block anyone's view. Read our Royal Family live blog below for the latest news... Louis Allwood just now Meghan will remain a princess no matter what The Sussexes stepped away from royal life in 2020. At the time, there was a lot of controversy over the titles Meghan and Harry would keep if they choose not to be … [Read more...] about Queen Elizabeth news: Prince William & Kate MUST follow the same strict rule as EVERYONE else at Wimbledon Royal Box

Rail strike: Raab warns pay rise to 'fuel vicious cycle of inflation' Get pensions news and advice plus latest money alerts for FREE now SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Shopper Charlie Bennett spotted packs of the product with yellow, security protected bands pasted across the lids in an Asda supermarket. The sports writer tweeted: "Britain in 2022… Lurpak butter is at £6 a tub in ASDA and even has a security tag on it. Mental!" Related articles Farmers suffer labour shortages and food waste 'Total mess' as BA cancels 105,000 passengers' flights The price tag on the shelf beneath the packs shows the butter on sale for £6, labelled at a discounted "Roll Back" price with a 75p saving. Twitter … [Read more...] about ‘Mental!’ Now ASDA attaches security tag to £6 tub of Lurpak butter – ‘Britain in 2022’

Welcome to gerontocratic Britain. Sir Paul McCartney, 80, was the star attraction at the once youthful but now desperately middle-aged Glastonbury. Sir Elton John, 75, filled Hyde Park last weekend . The state pension is shooting up, financed by a tax raid on the young. The latest Census revealed that we are plunging into a catastrophic baby bust . The young and not so young are demoralised, downcast and have gone on baby strike, and not merely because they paid the price for protecting their elders from Covid . As the number of 90-year olds reaches an all-time high, there are 264,650 fewer under-fours than a decade ago, a 7.6 per cent slump. How many schools will need to shut, replaced by care homes and retirement villages? The signs are unmissable: Britain is a society that is losing trust in the future, and is increasingly terrified of its present. The greying of everything, the dissipation of a defined youth culture, means that we are now peering into a precipice of … [Read more...] about Britain is fed up, bitter, and practically broke – and it’s all going to get worse

The British opposition leader Sir Keir Starmer has said there is no going back on Brexit, in a speech on Monday night. Instead, he offered a new slogan as part of a drive to ensure Britain thrives: "Make Brexit Work". "There are some who say 'we don’t need to make Brexit work — we need to reverse it'," the Labour leader told the Centre for European Reform (CER) . "I couldn’t disagree more." "Let me be very clear. Under Labour, Britain will not go back into the EU. We will not be joining the single market. We will not be joining a customs union." It represents a major policy shift for Starmer — who in the run-up to Brexit called for a deal to be put to a second referendum, and lauded the benefits of the free movement of workers, now consigned to the past. It also further distances the country's current direction from the fiery debates and deadlock in the aftermath of the 2016 referendum, with the two largest parties firmly wedded to the UK's departure from the … [Read more...] about Brexit damage: Is EU exit now hitting UK’s economy harder than COVID?

At the head of the rolling roadblock heading south on the A12 July 4 (Image: Getty) Sign up for our news briefing, including a daily special Russia-Ukraine edition SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Organised "go-slow" road protests were staged on motorways yesterday - with warnings of worse to follow. Britain's A-roads could resemble car parks all summer if the demonstrations receive support from a public left impoverished by soaring inflation and rising pump prices. Related articles Farmers suffer labour shortages and food waste 'Total mess' as BA cancels 105,000 passengers' flights Howard Cox, founder of campaign group FairFuelUK, warned that while his organisation was not involved yesterday there is an appetite … [Read more...] about Fears fuel price protests will continue all summer