Published 12 May comments Comments Share close Share page Copy link About sharing The risk of a recession has risen, analysts have warned, after the economy shrank during March just as the UK had recovered from the pandemic. Higher prices are "beginning to bite", the UK statistics body said , with people spending less and cutting down on car journeys due to high fuel costs. The impact of higher energy bills in April has also yet to be seen. The economy grew by 0.8% over the first three months of the year, but in March it shrank by 0.1% as people cut back. The main boost to the economy came in January, as hospitality and travel industries recovered from coronavirus pandemic restrictions. However, that came before the war in Ukraine and before households began to feel the pinch of higher prices. Paul Dales, chief UK economist at Capital Economics, said the … [Read more...] about Recession fears grow as rising prices hit spending
Trabeculae carneae contract which pulls the valves closed
When Corrine Rojas comes into work, Mars is waiting for her. She drives to the office, grabs a cup of coffee, and then pulls up the latest dispatches from Perseverance, a car-size NASA rover situated inside a crater in Mars’s northern hemisphere. Rojas, an operations engineer at Arizona State University, checks that the rover’s main cameras are working well, and that they took the shots scientists back home had asked for. Then, she basks in the wondrous sights of our celestial neighbor. “I am often the first person to lay eyes on photos from Mars taken by the rover,” Rojas told me. And Mars has been looking particularly good lately. That’s not to say that the planet has been working on its appearance; aside from the winds blowing around some dust, it has remained mostly unchanged for a few billion years . The difference is us, and particularly the Perseverance mission, which has captured some of the sharpest views of the Martian surface to date. The rover’s job is to search for … [Read more...] about We’ve Never Seen Mars Quite Like This
By Tom Espiner Published 2 hours ago comments Comments Share close Share page Copy link About sharing The pound has fallen to a two-year low against the dollar reflecting traders' increasing concerns about recession around the world as energy prices continue to soar. But sterling is also weak because markets are worried about future UK economic growth, analysts said. Sterling could fall even further after predictions of economic stagnation and as inflation rises, they added. London shares regained some ground on Wednesday following Tuesday's falls. The resignation of two senior government ministers on Tuesday evening, including former Chancellor Rishi Sunak, was not a significant factor in the pound's fall, Rabobank head currency strategist Jane Foley told the BBC Radio 4 Today programme. UK household energy bills to hit £3,000 per year Sunak … [Read more...] about Pound slides to two-year low against the dollar
By Hazel Shearing Published 2 hours ago Share close Share page Copy link About sharing Former higher and further education minister Michelle Donelan has been made the new education secretary. It follows Nadhim Zahawi's departure from the post as he becomes chancellor. Ms Donelan, 38, has spent the past two years occupied with universities and colleges. Now she has the whole of England's education system to contend with - and she is facing a pretty packed schedule. Catch-up after Covid Perhaps the biggest issue Ms Donelan will have to contend with is the impact of two years of disruption on schoolchildren. By 2030, ministers want 90% of children leaving primary school to reach the expected standards in reading, writing and maths. There's a long way to go, and unions aren't convinced it's doable with current levels of funding. This week, Sats results … [Read more...] about Who is Michelle Donelan and what is the new education secretary facing?
Published 24 March 2016 Share close Share page Copy link About sharing The killing of criminal lawyer Joseph "Pino" Acquaro in Melbourne sheds light on the hidden machinations of the 'Ndrangheta, says Australian crime writer Adam Shand. Liborio Benvenuto, who died in 1988, was the last of the old-time Australian godfathers. He understood his power but also its limits. His protege Joseph "Pino" Acquaro, who was murdered in a Melbourne street last week, was not so wise. Benvenuto became the leader of The Honoured Society, a Melbourne-based Calabrian mafia group, after a bloody internal battle in the early 1960s dubbed the Market Wars. He presided over a quarter century of relative peace until he died of natural causes in 1988. It was Benvenuto who encouraged Acquaro, the son of a prominent accountant in the Calabrian community, to become a lawyer. Violence was bad for business, so a … [Read more...] about Lawyer’s murder hints at secrets of Australia mafia
Published 16 March 2016 Share close Share page Copy link About sharing Police in Australia believe a lawyer who represented some of the country's most notorious organised crime figures was the victim of a contract killing. Joe Acquaro was shot dead in Melbourne in the early hours of Tuesday. Investigators believe underworld bosses may have put a price on his head. The lawyer was well-known in the city's Italian community and his body was found outside a cafe he owned. Clients included crime bosses accused of extortion, drugs and arms offences. A vicious gangland feud that claimed at least 28 lives in Melbourne ended more than a decade ago, but detectives say that underworld tensions still fester in Australia's second biggest city. … [Read more...] about Gangland lawyer shot dead in Australia
Published 7 minutes ago Share close Share page Copy link About sharing Following the shock resignation of former Chancellor Rishi Sunak, his replacement Nadhim Zahawi has said he and Prime Minister Boris Johnson want to "rebuild the economy" and get soaring inflation under control. Mr Zahawi said "nothing is off the table" in terms of cutting taxes. What are some of the options open to the new Chancellor to make good on those plans? 1. Cut VAT Mr Zahawi has said he wants to do two things: cut taxes and "bear down" on inflation. Those are not usually happy bedfellows. Cutting taxes puts more money into the economy, which drives prices up - so how can he walk this line? A temporary cut in VAT - the tax paid when buying goods and services - from 20% to 17.5%, say, would lower the price of goods and services in the basket used to calculate inflation - taxes would get cut, and … [Read more...] about Four ways Nadhim Zahawi may try to boost the economy