“The world is judging,” Lammy said. “History will judge them. Blocking aid. Expanding the war. Dismissing the concerns of your friends and partners. This is indefensible. And it must stop.”
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The actions came a day after the UK, France and Canada issued a joint statement condemned Israel’s handling of the war in Gaza and its actions in the occupied West Bank.
The chief economist of the Bank of England has warned interest rates have been falling too quickly as the rate of inflation continues to exceed the bank’s 2 per cent target.
Huw Pill said rate cuts have been ‘too rapid’ since August last year, in which time base rate has fallen from 5.25 to 4.25 per cent despite the consumer price index registering above 2 per cent in all but one month over the period.
» Read more about: Interest rates falling 'too rapidly' warns Bank of England chief economist »
NEW YORK (AP) — U.S. stock indexes are drifting on Tuesday, as momentum slows for Wall Street after it rallied from a deep hole nearly all the way back to its all-time high set earlier this year.
The S&P 500 was down 0.4% in morning trading but still within 3.3% of its record.
» Read more about: US stocks drift as S&P 500 flirts with its first drop in 7 days »
The stock market has been on a winning streak for six days — a welcome change from the downward slide in the days and weeks after “Liberation Day.”
While Wall Street is feeling more optimistic now than they were earlier this year, a lasting stock-market rally is far from guaranteed.
Pedro Goncalves writes:
Oil prices slipped as traders assessed the implications of diplomatic overtures on multiple fronts –including Russia-Ukraine peace talks and US-Iran nuclear negotiations – while a cautious outlook for China’s economy further dampened sentiment.
Brent crude futures (BZ=F) lost 0.7% to $65.11 a barrel,
The president of sell-side Wall Street firm Yardeni Research, Ed Yardeni, believes that the Federal Reserve will stay the course and hold interest rates at current levels.
In a new CNBC interview, Yardeni says he doesn’t anticipate any monetary policy easing, citing a resilient US economy fueled by robust household spending and strong capital investments from tech companies.
The short-term outlook for the U.S. economy worsened significantly in April, according to the Conference Board’s latest Leading Economic Index (LEI).
On Monday, the D.C.-based research said that the index—a closely monitored composite of several economic indicators—had fallen by 1.0 percent to 99.4 in April, registering the fifth consecutive monthly decline and the steepest drop since March 2023.
» Read more about: US Economic Outlook Darkens as Major Forecast Records Steep Drop »
The number of new single-family homes in the U.S. on which construction has commenced dropped by 12 percent in April compared to a year ago, according to new data from the National Association of Home Builders (NAHB).
The decrease was a result of economic uncertainty over the potential impact of President Donald Trump‘s tariffs,
» Read more about: US Housing Market Already Being Hit By Trump Tariffs »
To say that early 2025 has been difficult for Tesla (NASDAQ: TSLA) stockholders would be an understatement. Company profits and sales figures are way down, and many attribute this to the growing unpopularity of CEO Elon Musk. Despite that, Morgan Stanley analysts are bullish about the company’s long-term outlook.
» Read more about: Why Morgan Stanley Remains Bullish On Tesla »
It also imposes new sanctions, targeting illegal Israeli settlements in the occupied West Bank.
The British government says it will suspend new free trade negotiations with Israel due to its military conduct in the war on Gaza, where hundreds of Palestinians have been killed in recent days under bombardment and as a new ground offensive has been launched.
» Read more about: UK government suspends free trade talks with Israel over Gaza war »