Latest news with #3.6
Business Times
3 days ago
- Business
- Business Times
UK inflation jumps to highest since early 2024 ahead of BOE vote
[LONDON] UK inflation unexpectedly rose to its highest level since January 2024 as food prices jumped, keeping some pressure on the Bank of England as it looks to continue dialling down interest rates. Consumer price inflation picked up to 3.6 per cent in June from 3.4 per cent previously, the Office for National Statistics said on Wednesday (Jul 16). It was above the unchanged reading predicted by economists and the BOE. The pound climbed 0.2 per cent to US$1.3412 following the release. 'Inflation ticked up in June driven mainly by motor fuel prices which fell only slightly, compared with a much larger decrease at this time last year,' said Richard Heys, ONS acting chief economist. While overall inflation is well above the central bank's 2 per cent target, the BOE has predicted the recent increases will be short-lived and start reversing by the end of the year. That's in part because a recent cooling in the economy – including a weakening in the labour market – is likely to slow the pace of consumer-price increases. Services inflation – a sign of domestic pressures being watched closely by the BOE – held at 4.7 per cent, higher than expected. Food and non-alcoholic drink prices – which are important for household inflation expectations – rose 4.5 per cent. Bank of England Governor Andrew Bailey has signalled that more rate cuts are ahead after sharp falls in employment since the Labour government hit businesses with higher payroll taxes and a minimum wage hike in April. Earlier this week, he hinted at bigger cuts if the jobs market worsened. Traders put the odds of a quarter-point reduction at the next Monetary Policy Committee meeting on Aug 7 at around 90 per cent and expect another by the end of the year. BLOOMBERG
Time of India
28-06-2025
- Entertainment
- Time of India
Is Angel Reese WNBA's biggest fashionista? These 10 looks say yes
Image credit: Angel Reese/Instagram Angel Reese is undeniably one of the most fashion-conscious players in the WNBA at present. She is, in fact, called Bayou Barbie for how she adds glamour to a game that's more about power and sweat on the court. But off it, Reese knows how to steal all the attention with her carefully picked outfits for her tunnel walks. Not just outfits — the Chicago Sky power forward is also known for her ever-changing hairstyles and, on top of everything, the attitude she possesses that adds to her style. 10 Times Angel Reese proved she's WNBA's ultimate Barbie Angel Reese treats the tunnel as her runway, though she has expressed her desire to do a ramp walk at a real fashion show in the future. And every time she appears at a stadium for a basketball game, she makes sure her fashion appearance is already making her fans sit up and take notice. Her recent pre-game appearances are already setting the buzz with her one-liners. 'I am exactly who I think I am,' she wrote with a video of her in a black trench coat, dark shades, and a matching fur scarf covering her entire forehead on her way to a game. Days before, it was a different hairstyle — and even before that, another. Image credit: Angel Reese/Instagram Image credit: Angel Reese/Instagram Angel Reese on her love for fashion The 23-year-old was on the cover of Vogue this year. Opening up about being known for her fashion sense, Angel Reese told the magazine in an interview, 'It's always been both: basketball and fashion. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Villas In Dubai | Search Ads Get Rates Undo But I was a fashion girlie from young too. I was always in my mom's closet, putting on her stuff. I liked to carry a purse. Hair done. I wanted to look put together. I still do.' 'I used to watch America's Next Top Model with Tyra and practice my walk in the living room,' she said, while talking about her love for modeling and fashion since a young age. Reese recently also walked the red carpet at the MET Gala in a quirky black gown. Image credit: Angel Reese/Instagram Even before she made it to her first Draft, Angel Reese had debuted as a Sports Illustrated Swimsuit model in its 2023 issue. Angel Reese brings her A-game on the court Angel Reese is as much known for her game as she is for her fashion sense. She was the 7th overall pick in the 1st round of the 2024 WNBA Draft. In her debut year, she was named the WNBA All-Star and also set a single-season record in rebounds. She has an average of 11.7 points, 12.3 rebounds, and 3.6 assists per game. Also Read: WNBA star Angel Reese sends 7-word reaction to brother Julian Reese ahead of 2025 Draft day Now her brother, Julian Reese, has also arrived on the scene. The Los Angeles Lakers have signed him for their Summer League squad. Game On Season 1 continues with Mirabai Chanu's inspiring story. Watch Episode 2 here.
Mint
27-06-2025
- Business
- Mint
Australian shares wipe out early gains as banks drag
Banks fall while miners gain NZ50 gains for second straight week (Updates to market close) June 27 (Reuters) - Australian shares gave up early gains to close lower on Friday, as losses in heavyweight financials offset a rise in mining stocks, but the benchmark still posted a weekly gain. The S&P/ASX 200 index ended 0.4% lower to finish the session at 8,514.2 points after rising as much as 0.6% in the early hours of trade. The benchmark gained 0.1% for the week and was poised to log its third consecutive monthly gain. Banking stocks fell 1.5% after hitting a fresh peak for the fourth straight session, with the "big four" banks losing between 1.6% and 2.8%. However, the sub-index marked its strongest week in nearly a month. "Financials have taken a breather after a strong run. This looks like a classic case of profit-taking rather than a shift in fundamentals — banks remain well-supported by stable credit conditions and a resilient domestic economy," said Hebe Chen, market analyst at Vantage Markets. Healthcare stocks also fell 1.4%, with biotech firm CSL losing 2%. The sub-index lost 1.5% for the week, its weakest since early May. "As appetite for defensives fades and investors rotate into more cyclical names, CSL's lackluster performance continues to deter any meaningful dip-buying," Chen said. Real estate stocks fell 1.2%, while the industrial sector was down 0.7%. Bucking the trend, heavyweight mining stocks rose 2.5% and posted their strongest session since April 10. The sub-index rose 0.3% for the week, its best weekly performance in more than a month. Dalian iron ore futures rose and were poised for a weekly gain on falling iron ore and steel inventories. Sector giant BHP rose 3.9%, closing at its highest level since June 12. Rio Tinto and Fortescue added 4.6% and 3.6%, respectively, on the day. New Zealand's benchmark S&P/NZX 50 index closed the session 0.8% higher at 12,583.59 points, extending gains for the week. (Reporting by Nikita Maria Jino in Bengaluru; Editing by Vijay Kishore)
Business Recorder
11-06-2025
- Automotive
- Business Recorder
Japan's Nikkei climbs for fourth day on US-China trade framework; Hino plunges
TOKYO: Japan's Nikkei share gauge climbed for a fourth straight session on Wednesday after US and Chinese officials agreed on a framework to put their trade truce back on track and remove China's curbs on rare earths, supporting demand for risk assets. Chip-sector heavyweights Sumco and Tokyo Electron surged 7% and 3.6%, respectively. Mazda Motor climbed 1.2% as the yen weakened, boosting export shares. The Nikkei 225 Index climbed 0.5% as of the midday break, set for its longest winning streak in about a month. So far, it is down 4.2% for the year. The broader Topix gauge was flat. US President Donald Trump's on-again, off-again tariff spats have largely been factored into global equity prices, but Japanese stocks have yet to recover to highs seen around the beginning of the year, said Tatsunori Kawai, chief strategist at Mitsubishi UFJ eSmart Securities. After meetings by the Bank of Japan and the Federal Reserve next week, summer salary bonuses and company dividends in Japan may be factors to push domestic shares higher. 'With those funds in the pipeline, I think the inflow of money into the market will continue,' Kawai said. Japan's Nikkei jumps as chip stocks rally ahead of Sino-US talks 'After we get through next week, I think it's basically easier to go higher and catch up with US equities.' Sumco was the biggest gainer on the Nikkei, followed by Isetan Mitsukoshi gaining 6.2%. The biggest loser was Hino Motors down 17%, after the truckmaker and unit of Toyota Motor said it would issue new shares as part of a merger agreement with Mitsubishi Fuso.
Yahoo
10-06-2025
- Yahoo
New visitor centre planned for west Cumbria
CUMBERLAND Council is hoping to build a new visitor centre for Millom. The plans are for a site on land at Hodbarrow Nature Reserve and they are currently being considered by council planning officers. They include a cafe and shop, a group room, toilet facilities and a car park, as well as the consolidation, repair and installation of an interpretive sculpture to Towsey Hole Windwill. In addition, organisers are hoping to refurbish an existing tern hide, add new bird hides and viewing screens, pathways, gateway features and street furniture. According to a planning report, in September 2019 Millom became one of 101 places invited to work with the Government to propose a Town Deal with up to £25 million in funds available from the wider £3.6 billion Towns Fund. It states: 'In November 2022, Cumberland Council and Millom Town Deal Boards were notified by the Department of Levelling Up, Housing and Communities (DLHUC) that following the submission of Full Business Cases they had been successful in securing £20.6 million for Millom. 'With match funding, this has brought forward investment of over £28.7 million into Millom. Work is now underway to deliver four exciting projects, one of which is The Iron Line.' According to the report Hodbarrow is 'a fantastic place to visit but struggles with a number of practical issues which prevent the reserve from meeting its full potential.' The practical issues include: vandalism; management; no parking; the path network; limited signage; limited furniture; little shelter; and ecological designations. The report states: 'RSPB Hodbarrow is located in close proximity to Millom and Haverigg and accessible on foot from the north via Mainsgate Road and from the east and west using a selection of public rights of way, including the recently established England Coast Path. 'The Iron Line route is formally designated as a Byway Open to All Traffic (BOAT) meaning that the route can be accessed by cars, cyclists, horses and pedestrians. 'Once on the reserve, a network of paths, of varying width and quality enable visitors to explore Hodbarrow. The limitation of the existing path network is that most are poorly surfaced and littered with potholes. 'Added to this is an inconsistency of type, meaning there's a lack of hierarchy, resulting in a navigational challenge. The masterplan proposes to improve the path network so that routes are better defined, solid and level underfoot so that visitors can traverse the site more easily.' According to the report this will comprise: formalising existing desire lines; using boardwalks at certain locations to minimise impact on ecology; and where appropriate, the introduction of fencing to keep visitors on track and away from the most sensitive habitats; and highlighting of important path nodes.
