April 2024
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Rishi Sunak and his German counterpart Olaf Scholz have agreed to support Ukraine for as long as it takes in the war against Russia, in what the British prime minister described as a dangerous moment in history. In the past hour, the two leaders held a joint news conference, with Mr Sunak saying Germany and…
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Ukraine has received a new €1.5bn (£1.29bn) package of financial support from the EU, with hopes of another €10bn later this year. Finance minister Serhiy Marchenko said the EU, which has provided Ukraine with €31bn, has become the biggest donor of budget financing to Ukraine. Ukraine faces a $37bn (£29.75bn) budget deficit this year and…
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Fashion retailer Hugo Boss is ending its presence in Russia after agreeing a deal to sell its business in the country to wholesale partner Stockmann – two years on from suspending operations there. “As a result of the agreement, Hugo Boss will no longer be present in Russia with its own legal entity,” the company…
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Two Premier League players were arrested at the weekend in connection with an allegation of rape. Police said two 19-year-old men were arrested after a report of a rape was made to them last Friday, 19 April. The first man was arrested on Saturday on suspicion of aiding and abetting a rape, while a second…
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Aberdeen is the cheapest city to get on the property ladder out of 50 analysed by Rightmove. Carlisle is the cheapest for renters across Britain, the property site found. At the other end of the spectrum, St Albans in Hertfordshire was named as the most expensive city to be a first-time buyer outside London. Meanwhile, Oxford was…
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An ally of President Vladimir Putin warned Europe on Tuesday that Russia has already drafted legislation to retaliate if nearly $300 billion of Russian assets were seized by the West and used to help Ukraine. After President Vladimir Putin sent troops into Ukraine in 2022, the United States and its allies prohibited transactions with Russia’s…
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Tesco is being monitored by the UK’s supermarket regulator after it began imposing an “Amazon-style” fulfilment fee on online suppliers, according to The Times. The supermarket faced criticism after it imposed the fee, which is linked to processing orders, picking and shipping products, and managing returns. Brands and suppliers said the fee could put many…
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The FTSE-100 has hit a second all-time closing high in as many days. The index of the UK’s biggest 100 listed companies, having earlier hit a new intra-day high of 8,075.52 at just after 8.24am, finished the session up 20.94 points, around 0.26%, at 8044.81. It’s worth noting, though, the Footsie has been a relative…
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Labour has added an amendment to the government’s Renters (Reform) Bill that would prevent landlords from selling a property for two years after a tenancy has begun. Under the rule, landlords would have to wait two years from the tenancy start date before initiating repossession proceedings. The bill aims to reform the private rental sector,…
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Recent falls in inflation may have spurred talk of interest rate cuts, but the Bank of England’s deputy governor has said this is not necessarily enough reason to slash rates. Speaking at the University of Chicago, Huw Pill said it would be better to cut rates too late rather than too early. He said little…
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Petrol prices are exceeding 150p per litre for the first time since last November, according to new data. Figures from the website Fuel Prices Online shows typical pump prices reached 150.1p per litre on Monday. The average price of a litre of diesel is also at the highest level since November 2023, at 158.3p. Experts say rising…
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Inheritance tax receipts surged to a record high last year due to the government freezing the threshold at which you start to pay. Official figures show the government received £7.5bn in inheritance tax (IHT) receipts in the financial year to the end of March – an increase of £400m on the same period the previous…
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The FTSE 100 hit another all-time high this morning following its record performance yesterday. The index, of the 100 most valuable companies on the London Stock Exchange, soared to 8,071 points shortly after the opening. It marks a new “intraday” (during the day) record. Later in the morning, the FTSE 100 eased back to 8,060 points, but…
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Aldi has recalled one of its products and a police investigation has been launched over fears it “may have been tampered with”. The supermarket has pulled its Village Bakery 8 Tortilla Wraps White, citing safety fears over the “possible presence of metal”. The recall affects items with best before dates up to and including 29…
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A Peruvian psychologist who had an incurable disease that weakened her muscles and left her bedridden for several years died by euthanasia, her lawyer said Monday, becoming the first person in the country to obtain the right to die with medical assistance. Ana Estrada fought for years in Peruvian courts for the right to choose…
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TSB has followed other major lenders in hiking mortgage rates this week – and theirs are pretty big. First-time buyer, mover and remortgage rates are going up by as much as 0.45%. Shared ownership/equity products will rise by up to 0.75%. The lender is also withdrawing some tracker mortgages – and all house purchase and…
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