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Prime Minister Andy Burnham will have to raise taxes or cut spending to meet his pledges on defence and the cost of living, a major think tank has said.Burnham has announced a series of new measures since assuming office last week, including cuts to electricity bills and bringing the bus fare cap in most parts of England back down to £2.But the National Institute of Economic and Social Research (Niesr) warned the public finances will continue to be squeezed by more persistent inflation as a result of the Iran war.It questioned whether Burnham had “fully thought through” how his promises…
Bolivia’s former president is being investigated ‘for armed uprising’ against the state, among other things.Published On 30 Jul 202630 Jul 2026A court in Bolivia has issued an arrest warrant for former President Evo Morales.The Santa Cruz district prosecutor’s office said Morales is being investigated for “armed uprising against the security and sovereignty of the state, terrorism and attacks on the safety of means of transport”.Morales backed protests in June by farmers and truckers against an economic crisis, rising living costs and conservative President Rodrigo Paz’s austerity plans.“They will not intimidate us,” he responded to the charges in a post on…
After the widespread condemnation of both the proposals and the manner in which they have been created, Fifa released an eight-page document highlighting the reasons behind them on Wednesday evening.Fifa said its view was that “too little of football’s growing commercial value has reached the parts of the game that need it most”.It has been pointed out the sums being spoken about are more than some member associations spend annually and questions have been raised about the auditing of money Fifa already hands over in some parts of the world.Despite this, Infantino feels the proposals would help provide funding for…
David Nwamini arrived in Lagos for the first time in 2016. He had come from a village in Ebonyi, a state in southeastern Nigeria. He was 15 years old, the eldest of nine siblings and his parents were farmers. When he was a boy, his father became sick and David started working to assist his family, helping to cut trees and clear land. A few years later, he decided to seek his fortune in Lagos.In Nigeria’s commercial capital, David spent his days in the open-air Ikotun Market, where thousands of people shop every day for everything from tomatoes and fabric…
The committee also questioned the decision not to provide confidential briefing to parliamentarians, with then-Defence Secretary Grant Shapps pushing back against plans to tell then-shadow defence secretary John Healey of the breach.Thursday’s report also questioned the government’s overarching policy to not comment on special forces matters, describing it as “inappropriate” in the context of the breach.The committee added that special forces involvement “should not prevent Parliament and the public from understanding how administrative failings occurred”.Dhesi said: “Secrecy has been too easily used as a shield against proper accountability in areas far removed from sensitive operations.”The role of UKSF in the…
The US military says it has begun launching strikes against Iran in retaliation for an attempted surprise attack on American forces in the Middle East.Centcom said on X the strikes were “a powerful response” to Tuesday’s firing by Iran on US bases in Jordan and at ships in the Strait of Hormuz.The latest hostilities came a day after the conflict expanded, with the first publicly announced joint US-Saudi strikes, which targeted Iranian proxies in Iraq.When the US and Israel launched military strikes on Iran in February, US President Donald Trump said the war would last only a few weeks, but…
The Dreadnought-class submarines will replace the UK’s four Vanguard-class vessels that have been in operation since 1992, carrying Trident missiles to provide a nuclear deterrent.Those Vanguard submarines are due to be retired in the 2030s, with the Dreadnoughts entering service at the same time.The project has taken 20 years to get to this stage and was first announced in 2006 by the then Labour Prime Minister, Tony Blair. A decade later, in 2016, MPs formally approved building the new submarines.Thursday’s announcement of £8.4bn marks the start of what has been called the fourth phase of the project.The spending was already…
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Meta has bet big on artificial intelligence. On Wednesday, it said that bet would not let up.The Silicon Valley company, which owns Facebook, Instagram and WhatsApp, increased the lower end of its capital expenditure forecast for the year to $130 billion, up from its $125 billion projection in April. Much of that investment will go to building data centers, the computing facilities that power A.I.Meta also said its costs and expenses rose faster than its revenue growth for the second quarter. Revenue was $60.8 billion, up 28 percent from a year earlier, while costs jumped 55 percent to $42 billion.…
Riyadh seeks partners to safeguard shipping in Red Sea as strikes on energy tankers expand, pushing oil prices higher.Published On 29 Jul 202629 Jul 2026Saudi Arabia is seeking to build an international coalition to protect shipping in the Red Sea from attacks by Yemen’s Houthis, people familiar with the deliberations have told the Reuters news agency.The composition of the coalition has not yet been finalised and is being discussed with dozens of countries, the sources said.Recommended Stories list of 4 itemsend of listTensions in the Red Sea are rising, denting the global economic outlook already under stress due to the…