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UK borrowers brace for more expensive loans as inflation fails to fall as anticipated

Published Wed, 26 Feb 2025 15:16:52 GMT

LONDON (AP) — Borrowers in the U.K. will be bracing themselves for further increases in lending costs after official figures Wednesday showed inflation failing to fall as anticipated in May.The Office for National Statistics said inflation, as measured by the consumer prices index, held steady at 8.7% in the year to May against expectations for a modest decline to 8.4%, a development that is likely to see the Bank of England raise the cost of borrowing again on Thursday.The agency said rising prices for flights, recreational and cultural goods and services, and second-hand cars boosted the inflation rate, while gas prices at the pump provided the biggest downward pressure.“After last month’s fall, annual inflation was little changed in May and remains at a historically high level,” the agency’s chief economist Grant Fitzner said.Financial markets think news of the unchanged rate will mean the Bank of England will increase its benchmark interest rate on Thursday from the ...

Lawsuit: Insufficient prototype testing could put Titanic sub passengers in ‘extreme danger’

Published Wed, 26 Feb 2025 15:16:52 GMT

SEATTLE (AP) — The company whose submersible vanished in the North Atlantic on a tourist dive to the wreck of the Titanic was repeatedly warned that there might be catastrophic safety problems posed by the way it was developed, documents show.With five people aboard a vessel that if still functioning would have a dwindling amount of oxygen, an expanding international fleet of ships and airplanes is searching for the Titan, operated by OceanGate Expeditions. The undersea exploration company based in Everett, Washington, has been making yearly voyages to the Titanic since 2021. In the first piece of good news since the search began, a Canadian aircraft detected underwater noises, though the vessel has not been found, the U.S. Coast Guard reported early Wednesday.David Lochridge, OceanGate’s director of marine operations, wrote an engineering report in 2018 that said the craft under development needed more testing and that passengers might be endangered when it reached “extreme depths,...

Police say fiery collision on major GTA highway leaves 1 dead, shuts down traffic

Published Wed, 26 Feb 2025 15:16:52 GMT

Ontario Provincial Police say a multi-vehicle collision has claimed at least one life and sparked a massive fireball on Highway 401, at Brock Road in Pickering, east of Toronto.O.P.P Sergeant Kerry Schmidt says just before 11:00 p.m. ET Tuesday, there was a significant collision involving two transport trucks and a passenger vehicle. During the crash, an explosion occurred and all three vehicles were consumed by fire.Schmidt says at least one person has been confirmed dead at this time. The accident has closed down Highway 401 in both directions, between Westney Road in Ajax and Whites Road in Pickering, and police say due to fire damage, it will likely remain closed into the morning rush. Commuters are warned to expect heavy delays while rerouting off the highway to avoid the crash site. In a video update posted to Twitter, Schmidt asks for witnesses or anyone with dashcam footage of the crash to call the O.P.P.The clean-up and the investigation into the crash are ongoing. Further ...

Ukraine targets $40 billion for 'Green Marshall Plan'

Published Wed, 26 Feb 2025 15:16:52 GMT

War-torn Ukraine is seeking up to $40 billion to fund the first part of a "Green Marshall Plan" to rebuild its economy, a senior Ukrainian government official told Reuters ahead of a summit this week.Politicians and financiers will discuss the country's short-term funding issues as well as look at long-term reconstruction efforts at the two-day meeting, starting in London on Wednesday and co-hosted by Ukraine and Britain.The World Bank estimates Ukraine's reconstruction will cost $411 billion, three times the country's gross domestic product. Since Russia's invasion in February 2022, external backers have poured $59bn into Ukraine for financing needs.Giving the figure of $40 billion for an initial phase of reconstruction, Rostyslav Shurma, a deputy head of President Volodymyr Zelenskiy's office, said the first focus would be the iron and steel industry.The sector contributed around 10% of Ukrainian GDP in 2021, a third of export revenues and employed around 600,000 people. It also a...

Sale closed in San Ramon: $2.1 million for a four-bedroom home

Published Wed, 26 Feb 2025 15:16:52 GMT

1324 Kellybrook Way – Google Street ViewA 2,784-square-foot house built in 2002 has changed hands. The spacious property located in the 1300 block of Kellybrook Way in San Ramon was sold on May 26, 2023. The $2,100,000 purchase price works out to $754 per square foot. The property features four bedrooms, four bathrooms, an attached garage, and two parking spaces. It sits on a 5,156-square-foot lot.Additional houses that have recently changed hands close by include:A 4,232-square-foot home on the 3300 block of Rutherglen Drive in San Ramon sold in August 2022, for $2,450,000, a price per square foot of $579. The home has 5 bedrooms and 4 bathrooms.In April 2023, a 2,363-square-foot home on Arrowfield Way in San Ramon sold for $1,815,000, a price per square foot of $768. The home has 4 bedrooms and 3 bathrooms.On Riverland Court, San Ramon, in July 2022, a 3,472-square-foot home was sold for $2,375,000, a price per square foot of $684. The home has 5 bedrooms and 4 bathrooms. 

China says Biden’s mention of dictators in reference to Chinese leader Xi is ‘extremely absurd and irresponsible’

Published Wed, 26 Feb 2025 15:16:52 GMT

BEIJING (AP) — China says Biden’s mention of dictators in reference to Chinese leader Xi is ‘extremely absurd and irresponsible.’Source

Kante joins Benzema at Al-Ittihad on 3-year deal as Saudi Arabia entices another star player

Published Wed, 26 Feb 2025 15:16:52 GMT

Saudi Arabian soccer champion Al-Ittihad has another high-profile French player to accompany Karim Benzema at the team next season.N’Golo Kante completed his move on a three-year deal on Wednesday after leaving Chelsea, with Al-Ittihad welcoming the 32-year-old midfielder with a series of tweets containing the hashtag “WelcomeBox2Box” — referring to his hard-running style of play.He will reportedly earn more than $100 million across the length of the deal at a club based in Jeddah and coached by former Tottenham and Wolverhampton manager Nuno Espirito Santo. It recently won the Saudi league ahead of Cristiano Ronaldo’s Al-Nassr.Kante, who won the World Cup with France in 2018, the Champions League with Chelsea in 2021 and has been one of the best players in the Premier League in recent years as a back-to-back champion with Leicester and Chelsea, has struggled with injuries over the past two seasons.That hasn’t put off Al-Ittihad from apparently spending big on Kante, a f...

Arresto en Escocia: piloto llega aparentemente borracho a su vuelo con destino a Nueva York

Published Wed, 26 Feb 2025 15:16:52 GMT

Un piloto de Delta Airlines fue arrestado en Escocia después de que presuntamente se presentó borracho para un vuelo con destino a la ciudad de Nueva York y forzó la cancelación del viaje, informaron las autoridades el martes.El vuelo 209 normalmente sale del aeropuerto de Edimburgo a las 10:35 a. m. SCT en un viaje de siete horas y media al aeropuerto internacional John F. Kennedy, pero nunca despegó el viernes.El piloto, identificado solo como un hombre de 61 años, fue arrestado alrededor de las 10 a.m. hora local, dijo la policía. Fue fichado bajo sospecha de violar la Ley de Seguridad del Transporte y Ferrocarriles del Reino Unido de 2003, que prohíbe que los pilotos y otros operadores de transporte se vean afectados en el trabajo.Esta información fue originalmente publicada en NBCNews. El solsticio de verano de 2023 comienza esta semana. Esto es lo que debes saber Sumergible desaparecido: avión de Canadá detecta ruidos en el área de búsq...

Seattle hosts Indiana after Boston’s 25-point game

Published Wed, 26 Feb 2025 15:16:52 GMT

Indiana Fever (4-7, 3-5 Eastern Conference) at Seattle Storm (3-7, 3-4 Western Conference)Seattle; Thursday, 10 p.m. EDTBOTTOM LINE: Indiana plays the Seattle Storm after Aliyah Boston scored 25 points in the Fever’s 100-94 loss to the Atlanta Dream.Seattle finished 22-14 overall with a 13-5 record at home during the 2022-23 season. The Storm shot 44.2% from the field and 36.1% from 3-point range last season.Indiana finished 5-31 overall with a 2-16 record on the road last season. The Fever averaged 78.0 points per game last season, 14.4 from the free throw line and 20.4 from beyond the arc.INJURIES: Storm: None listed.Fever: None listed.___The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.Source

Sky face the Mystics on 4-game losing streak

Published Wed, 26 Feb 2025 15:16:52 GMT

Washington Mystics (7-4, 3-3 Eastern Conference) at Chicago Sky (5-7, 2-5 Eastern Conference)Chicago; Thursday, 8 p.m. EDTBOTTOM LINE: Chicago heads into the matchup with Washington as losers of four in a row.The Sky are 2-5 in conference games. Chicago ranks fifth in the Eastern Conference in rebounding with 35.0 rebounds. Alanna Smith leads the Sky with 6.8 boards.The Mystics are 3-3 against Eastern Conference teams. Washington is sixth in the Eastern Conference scoring 27.5 points per game in the paint led by Shakira Austin averaging 9.3.The teams play for the third time this season. In the last meeting on June 18 the Mystics won 77-69 led by 20 points from Elena Delle Donne, while Morgan Bertsch scored 16 points for the Sky.TOP PERFORMERS: Smith is shooting 53.4% and averaging 10.3 points for the Sky.Delle Donne is averaging 18.4 points and 6.2 rebounds for the Mystics.LAST 10 GAMES: Sky: 3-7, averaging 79.9 points, 34.6 rebounds, 20.0 assists, 5.1 steals and 5.1 blocks per game...