Jeffrey Miron In a rare twist, Elizabeth Warren and Donald Trump agree on one thing: the United States should repeal the federal debt limit. They have a good point; the debt limit is an ineffective “solution” to a real but oft-mischaracterized problem. That problem is not the debt per se. Any economic entity—whether a consumer, business, or government—can sensibly take on debt ...
Former Russian President Dmitry Medvedev said that Moscow is not planning to supply Iran with nuclear warheads, after President Donald Trump mocked him for suggesting that other countries would step in and provide Iran with nuclear weapons after the U.S. strikes against Iranian nuclear facilities. Medvedev, now the deputy chairman of the Security Council of Russia, originally said Sunday that ...
Emil Bove will appear Wednesday before the Senate, where he is expected to face tough questions during a hearing about his controversial entrance into Justice Department leadership and former role as President Donald Trump’s personal lawyer. Trump nominated Bove, who fiercely defended the president during his criminal prosecutions, to serve in a lifetime role as a judge on the Pennsylvania-based ...
Transport for London (TfL) has signed a major green energy deal with EDF Renewables UK to supply the Tube with clean electricity from a new solar farm in Essex, marking a significant step towards its goal of running the capital’s transport network on 100 per cent renewable energy by 2030. The 15-year Power Purchase Agreement (PPA) will see EDF’s subsidiary, ...
The Co-op has announced it will stop selling produce from Israel and 16 other nations it deems “countries of concern” over human rights violations, in a move that has drawn criticism from politicians and praise from ethical sourcing campaigners. The supermarket chain said the shift in policy is part of its broader commitment to ethical trading and peace advocacy, following ...
High earners in the UK are facing a sharp rise in tax investigations as HM Revenue & Customs (HMRC) intensifies scrutiny of the wealthiest Britons following a record-breaking year for compliance revenue. A Freedom of Information request by accountancy firm Pinsent Masons has revealed that HMRC’s wealthy and mid-sized business compliance directorate raised more than £1.5 billion from investigations in ...
President Donald Trump thanked former Florida Gov. Jeb Bush after he praised the president’s decision to order strikes against the Islamic Republic of Iran. ‘Thank you to Jeb Bush — Very much appreciated!’ Trump declared in a Tuesday Truth Social post. Bush, the chairman of the organization United Against Nuclear Iran, issued a statement with several others from the group ...
The UK’s Big Four accountancy firms have slashed graduate recruitment and cut hundreds of early-career roles as artificial intelligence begins to automate the junior work once assigned to school-leavers and university graduates. Deloitte, EY, KPMG and PwC — who together employ around 100,000 staff across the UK — have scaled back their graduate and school leaver intake over the past ...
The sixth day of the ongoing High Court trial between PPE Medpro and the Department of Health and Social Care (DHSC) turned its focus to one of the central issues of the £122 million legal dispute — the sterility of the surgical gowns at the heart of the case. PPE Medpro’s legal team called expert witness Professor Anthony Coates, a ...
Business Secretary Jonathan Reynolds has thrown his weight behind proposals to strengthen the UK’s steel import protections, stepping in to tighten trade safeguards beyond those recommended by the Trade Remedies Authority (TRA) in response to mounting concerns over redirected global steel supply. The move, welcomed by industry leaders as a “tremendous outcome,” will see the government reduce the annual liberalisation ...