POLITICS & POLICY

UK To Reveal GBP20 Bn Hole In Public Finances: Reports

Finance minister Rachel Reeves is due to make a statement to parliament next week
Britain's new Labour government will announce next week that the country's public finances have an additional hole of around GBP20 billion ($26 billion), risking tax rises in an upcoming budget, media reported on Friday.
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The US economy grew at a 2.8 percent rate in the second quarter, markedly higher than analysts expected

US Economy Beats Growth Expectations In Second Quarter

US economic growth blew past expectations in the second quarter, boosted by consumer spending and inventory building despite high interest rates, government data showed Thursday, after a slow start to the year.
Anthony Albanese

Albanese To Announce New Ministers On Sunday As Burney, O'Connor Step Down

Paying tribute to the outgoing ministers, Prime Minister Albanese said, "I am proud to call them my friends. I'm proud to have witnessed firsthand their passion for this nation, their determination to leave the country better for their contribution as members of parliament and as ministers."
Families and supporters of Israeli hostages held by Hamas in Gaza gather in Tel Aviv to watch Israeli Prime Minister Benjamin Netanyahu address the US Congress

Israeli Hostages' Group Sees 'Sabotage' In Gaza Talks

Israeli strikes hit Gaza on Thursday, causing deaths and injuries according to Palestinian medical sources, as a group supporting Israeli hostages held by Palestinian militants alleged "sabotage" of efforts to free them.
US President Joe Biden addresses the nation from the Oval Office of the White House on July 14, 2024, about the assassination attempt on Republican presidential candidate Donald Trump at a campaign rally in Pennsylvania

Biden To Address US As Clock Ticks On Presidency

US President Joe Biden will give what could be his final Oval Office speech Wednesday to explain why he dropped out of November's election and deny that he will spend six months as a lame duck.
Palestinian factions including Hamas and Fatah met in Beijing

Hamas Announces 'National Unity' Deal With Palestinian Rivals

Hamas announced Tuesday it had signed an agreement in Beijing with other Palestinian organisations including rivals Fatah to work together for "national unity", with China describing it as a deal to rule Gaza together once the war ends.
With pickings now slim, the monkeys at the temple are getting more aggressive

War In Myanmar Heartlands Silences Volcano Shrine

A shrine perched on an extinct volcano in Myanmar once thronged with the bustle of pilgrims praying to flower-eating spirit Popa Maedaw, but civil war has cut the complex off from the faithful.
Displaced Palestinians ride in the back of a donkey-drawn cart in Deir el-Balah

Gazans Flee As Israel Sets Sights On Safe Zone

Thousands of Gazans fled an Israeli-designated humanitarian zone Monday after the army ordered them to leave and warned of an imminent operation in response to rocket attacks.
Paris shops, restaurants, bars and clubs are facing a slump in business and footfall, trade groups say

Paris Shops, Restaurants Say Olympics Hammering Business

Paris shops, restaurants, bars and clubs are facing an "unprecedented slump in business and footfall", trade groups said Friday, blaming in part the "heavy security measures" imposed ahead of the Olympic Games starting July 26.
Solar power alone is set to supply half the electricity demand growth worldwide in 2025, the IEA says

Renewable Electricity To Outstrip Coal Next Year: IEA

The amount of electricity produced from renewable sources worldwide is set to surpass output from coal-fired plants for the first time in 2025, the International Energy Agency said Friday.

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