UK pay growth at six-month low
British workers' pay growth has slowed to its weakest in six months despite record employment.
It's challenging the Bank of England as it considers whether to raise interest rates next month for only the second time since the financial crisis.
Average weekly earnings rose by 2.5 percent on the year in the three months to May, slowing from the previous three month period when they grew by 2.6 percent and the weakest since the three months to November, the Office for National Statistics said on Tuesday.
Pay growth excluding bonuses, which the BoE says sometimes gives a better picture of the underlying trend, slowed by a similar amount, to 2.7 percent. Both readings were in line with the average forecast in a Reuters poll of economists.
There was little immediate market reaction to the data, which economists said was unlikely to dissuade the majority of the BoE's policymakers from raising rates on Aug. 2 after their next meeting..
Ronaldo targets European glory with new club Juventus
Juventus's record signing Cristiano Ronaldo has said his move from Real Madrid was a “well thought out decision” as the Portugal forward aims to help his new club win their first Champions League title in more than two decades.
Ronaldo, who joined the Italian champions last week on a four-year contract for 100 million euros ($117.07 million), added that he did not want to stay in his comfort zone after winning three straight European Cups with Real.
The 33-year-old left Los Blancos as their all-time top scorer with 451 goals in all competitions and won two La Liga titles and four Champions League trophies over nine years.
“I'm a person who likes to think about the present,” he told a news conference on Monday. “I'm still very young and I always liked the challenges, from Sporting, to Manchester (United), to Real (Madrid) and now Juventus.
“It was a well thought-out decision. It is the best club in Italy. ..
Trump criticised after backing Putin on election meddling claims
Standing side by side with Vladimir Putin, U.S. President DonaldTrump refused to blame the Russian leader for meddling in the 2016 U.S. election, casting doubt on the findings of his own intelligence agencies and sparking a storm of criticism at home.
Although he faced pressure from critics, allied countries and even his own staff to take a tough line, Trump spoke not a single disparaging word in public about Moscow on any of the issues that have brought relations between the two powers to the lowest ebb since the Cold War.
Instead, he denounced the “stupidity” of his own country's policies, especially the decision to investigate Russian interference in the 2016 election.
Just three days ago, the U.S. Justice Department announced an indictment of 12 Russian spies for hacking into Democratic Party computer networks.
Trump's performance at a joint news conference with Putin in Helsinki stirred a wave o..
Vote Leave referred to police for breaching spending rules
Britain's electoral commission has fined the officially designated pro-Brexit campaign group for breaching spending rules in the 2016 referendum and referred it to the police.
The commission said Vote Leave worked with another campaign group, BeLeave, which spent 675,000 pounds ($893,500) with Aggregate IQ, a company which used social media data to target voters, under a common plan with Vote Leave.
“We found substantial evidence that the two groups worked to a common plan, did not declare their joint working and did not adhere to the legal spending limits,” Bob Posner, the commission's director of political finance and regulation.
Vote Leave was fined 61,000 pounds and the Electoral Commission referred David Halsall, the responsible person for Vote Leave, and Darren Grimes, the founder of the BeLeave campaign group, to the police for false declarations of campaign spending.
Published: 17/07/2018 by Ra..
PM wins parliament vote after bowing to Brexit pressure
Theresa May has won a series of votes in parliament, keeping her over-arching strategy to leave the European Union just about on track after bowing to pressure from Brexit supporters in her party.
But by accepting the demands of hardline Brexit campaigners, she exposed her vulnerability in parliament, where both wings of her Conservative Party attacked each other, highlighting the deep divisions that have so far hampered progress in talks with the EU.
May has vowed to stick to her plan to negotiate the closest possible trade ties with the EU, saying her strategy was the only one that could meet the government's aims for Brexit, the biggest shift in Britain's foreign and trade policy for decades.
But even before the EU has had time to assess her vision for Britain's future ties with the bloc, her plans have come under fire from both camps in the Conservative Party. One pro-EU ex-minister called it the “wor..
Hosepipe bans to be introduced for millions
The ban is going to affect millions of people across the North West
A hosepipe ban is going to be introduced in parts of England.
It will be brought in from next month in the North West.
Experts reckon it will affect as many as 7 million people.
Water companies say they have inadequate supplies.
Earlier this month the company said:
“The reducing reservoir levels are not surprising given the ongoing lack of rainfall and exceptionally high demand. We have seen the level of water consumption reduce slightly over recent days and we are very grateful to those customers who have listened to the advice about using water wisely.
“Behind the scenes we’re working exceptionally hard to avoid the need for restrictions and we are managing resources carefully, using our integrated pipe network to move water around the region, to reduce demand on those reservoir sources which are lower.
“We are still encouraging our customers to voluntarily..
Trump backs Putin over election meddling denial at summit
U.S. President Donald Trump said after meeting Vladimir Putin he saw no reason to believe his own intelligence agencies rather than trust the Kremlin leader over election claims.
It was on the question of whether Russsia interfered to help him win the 2016 election.
On a day when he faced pressure from critics, allied countries and even his own staff to take a tough line, Trump said not a single critical word about Moscow on any of the issues that have brought relations between the two powers to the lowest ebb since the Cold War.
Instead, he denounced the “stupidity” of his own country's policy, especially the decision to investigate election interference.
Trump's performance is likely to create a political storm in the United States, where the White House has struggled for months to dispel a suggestion that Trump was unwilling to stand up to Putin.
His performance was denounced as “treasonous” by a former..
First UK vertical spaceport to be built in Scotland
Britain wants to build its first spaceport for launching satellites in Scotland, with the government kick-starting the project.
It's handed almost 30 million pounds in grants to companies including Lockheed Martin.
UK Business Minister Greg Clark said the new site at Sutherland on the northerly-most tip of mainland Scotland would provide facilities for vertically-launched space rockets and satellites to take off into orbit.
Under the plans announced on Monday, U.S. group Lockheed and its partners will receive 23.5 million pounds in grants from the UK Space Agency which will go towards establishing launch operations at Sutherland and developing a new system for deploying small satellites in Reading, southern England.
London-based Orbex has received 5.5 million pounds to build a new rocket launch from the site at Sutherland, which will help develop its orbital launch vehicle to deliver the small satellites into orbit.
Former UK minister calls for second vote on Brexit to end stalemate
Justine Greening, an ex-Education Secretary who quit the government in January, says May's negotiating strategy would neither please those who wanted a clean break with the EU nor those who opposed Brexit altogether.
“We'll be dragging Remain voters out of the EU for a deal that means still complying with many EU rules, but now with no say on shaping them,” Greening wrote in the Times newspaper.
“It's not what they want, and on top of that when they hear that Leave voters are unhappy, they ask, 'What's the point?'. For Leavers, this deal simply does not deliver the proper break from the European Union that they wanted.”
May has ruled out a rerun of the 2016 vote in which Britons voted 52-48 percent to leave the bloc.
Her Brexit negotiating strategy, which aims for a close relationship with the EU after Britain leaves the bloc in March 2019, was only agreed with her cabinet earl..
Downtown Abbey TV series to be turned into a movie
A movie is to be made of “Downton Abbey”, the award-winning television period drama about a British household in the early 20th century, and the original stars will reunite for the project.
Julian Fellowes, who created the show, has written the screenplay and will also produce the movie, production and distribution company Focus Features said on Friday.
Brian Percival, who directed the first and several other episodes, will reprise the role for the film, and production will start later this summer.
“When the television series drew to a close it was our dream to bring the millions of global fans a movie and now, after getting many stars aligned, we are shortly to go into production,” producer Gareth Neame said in a statement.
“Julian's script charms, thrills and entertains and in Brian Percival's hands we aim to deliver everything that one would hope for as Downton comes to the big screen”.
The show, which first a..