Author: SKYNEWS

The US central bank, the Fed, has again kept interest rates high – at 5.25% to 5.5%.It comes despite the policymaker signaling in January that interest rate cuts were around the corner. Progress in bringing down rates and making borrowing cheaper has been hampered by rising inflation in the US.Money latest: Bitcoin suffers nightmare month – and it’s just got worseIt could now be that rates are only cut once in 2024, less than expected, as high rates are deemed necessary to take money out of the economy and slow price rises. Data last week showed inflation hit 3.5% in…

Wrexham owners Ryan Reynolds and Rob McElhenney have shared their hope to increase the capacity at the club’s ground.The 47-year-old Hollywood stars bought the club in 2020 and recently oversaw the North Wales-based side’s second consecutive promotion. The third oldest professional football club in the world, Wrexham AFC will play its first game back in League One after the summer break.A Disney+ documentary series, Welcome To Wrexham, has followed the trials and tribulations of the club and returns for a third season this week.The new season follows the club’s first season in the English Football League for 15 years. Image:…

Some of the leading players in Britain’s night-time economy are looking to cherry-pick assets from Revolution Bars, the London-listed leisure group.Sky News has learnt that Nightcap and Rekom, two rival bar and nightclub operators, have expressed an interest in buying part or all of Revolution. A number of private equity firms are also said to have been planning to submit offers ahead of a deadline set by advisers to Revolution on Wednesday.The scope of the interest from Nightcap and Rekom was unclear, and it remained possible that one or both would not table formal offers.Revolution Bars announced this week that…

The new Co-op Live in Manchester has been hit by further problems before it’s even fully opened – with tonight’s gig being cancelled as concertgoers were queuing outside. A post shared on social media at 6.40pm read: “Due to a venue-related technical issue, tonight’s A Boogie Wit Da Hoodie show will no longer go ahead. We kindly ask fans to leave the area. “Tickets holders will receive further information in due course.””We deeply apologise for the significant inconvenience this will cause for many,” it added.Concertgoers were supposed to have been allowed into the arena at 6.30pm and A Boogie Wit…

A second man has been arrested on suspicion of gross negligence manslaughter in connection with the death of Gogglebox’s George Gilbey.Essex Police said the 36-year-old suspect, from Witham, remains in custody and inquiries are ongoing.The force previously arrested a 47-year-old man on suspicion of gross negligence manslaughter. He was subsequently released under investigation.A joint investigation by police and the Health and Safety Executive is ongoing.Mr Gilbey, of Clacton-on-Sea, Essex, sustained traumatic injuries to his head and torso and died in Shoeburyness on 27 March, an earlier inquest hearing was told.Coroner’s officer Deborah Frost said the 40-year-old had been “working on a…

The government has opened a consultation on the disability support system PIP (Personal Independence Payment), meaning eligibility criteria and other aspects of it could change.Proposed changes come as part of the prime minister’s pledge to reform the welfare system if the Conservatives win the next general election. The criteria for getting PIP could change, as could the types of payments received by those who are eligible.But what is PIP, who is able to get it, what is the government planning to change and who would be impacted?Here’s what you need to know. What is PIP?PIP is a tax-free payment given…

Google appears to be rolling out “audio emojis” to its phone users.Some Google Pixel phone owners are noticing an option to send a reaction while on a call. “I was on the phone and saw a new button come up… “Audio Emoji”??? I had to call my brother to test it out!” said one X user.An accompanying video shows the feature in action. The “audio emoji” option swipes up to reveal six familiar emojis: laughing, clapping, celebrating, a drum, crying and… the poo emoji.When a user taps the emojis, they play a corresponding sound down the phone. X This content…

Hollywood star Melissa McCarthy has responded by saying, “I win the day”, after Barbra Streisand was criticised for asking her if she had taken a weight-loss drug.Bridesmaids star McCarthy had posted an image of herself on Instagram at a charity gala alongside US director Adam Shankman on Monday. Streisand, the legendary singer and actress, replied in a comment below: “Give him my regards, did you take Ozempic?”The drug can only be prescribed for patients with Type 2 diabetes and is not licensed as a weight-loss treatment in the UK or US.Streisand posted an apology on X for her original comment…

Ian King discusses Nationwide’s figures showing a surprise fall in UK house prices, which are down for the second month running. He’s also talking to a company that’s installed its first Electric Vehicle charge point powered from a street cabinet.And Ian speaks to the founder of a new platform that claims to give retailers a better deal when it comes to advertising.:: Listen and subscribe to The Ian King Business Podcast here. Source link

Running around a ‘wall of death’ could keep people healthy on the moon, according to new research.Scientists at the University of Milan tied people to bungee cords to replicate lunar gravity and asked them to run around a rented ‘wall of death’, which they had loaned from an amusement park. The test subjects needed to run fast enough to prevent themselves skidding down the wall which is usually impossible on Earth. With the reduced gravity created by the bungee cords, they were able to stick to the wall for multiple laps.The exercise had a high enough impact that “just twice…