Bank of England hikes interest rates again as inflation heads towards 11%
CNN
The United Kingdom's central bank has hiked interest rates for a fifth time since December in a bid to tame spiraling inflation.
The Bank of England said on Thursday that it would raise the cost of borrowing by 25 basis points to 1.25% despite fears that soaring prices are already squeezing households and weighing on economic growth.
"Bank staff now expect GDP to fall by 0.3% in the second quarter as a whole, weaker than anticipated at the time of the May Report," the Bank of England said in a statement.
A federal judge on Friday blocked President Donald Trump’s administration from enforcing most of his executive order on elections against the vote-by-mail states Washington and Oregon, in the latest blow to Trump’s efforts to require documentary proof of citizenship to vote and to require that all ballots be received by Election Day.
Protests and vigils are taking place nationwide after an ICE agent fatally shot a woman in Minneapolis. Follow for live updates.
President Donald Trump continued his threats towards Greenland on Friday, as he insisted that if the United States did not act Russia or China would occupy it in the future.
President Donald Trump this week lashed out at congressional Republicans like he rarely has before.
A Border Patrol agent shot two people in Portland, Oregon, during a traffic stop after authorities said they were associated with a Venezuelan gang, another incident in a string of confrontations with federal authorities that have left Americans frustrated with immigration enforcement during the Trump administration.
The Bella 1 had been tailed by a US Coast Guard cutter across the Atlantic Ocean for almost two weeks when the ship’s crew employed a novel tactic to evade the US military: painting a Russian flag on its hull.
The Washington National Opera on Friday announced it is parting ways with the Kennedy Center after more than a decade with the arts institution.
‘It’s uninvestible’: Trump’s Venezuela pitch met with skepticism from oil executives
FBI Director Kash Patel has named Christopher Raia, a seasoned career agent, to replace Dan Bongino as deputy director, according to people briefed on the matter.
President Donald Trump faced Republican defections on a series of split votes this week, but his willingness to call out members of his own party convinced some wavering lawmakers to stay in line.
Trump’s description of the Mexican trafficking world – one dominated by a few cartels that can be swiftly defeated – is at odds with how the crime organizations actually operate, experts say.
The Virginian man accused of planting two bombs in Washington, DC, five years ago pleaded not guilty Friday to federal charges of transporting and attempting to use explosives.
A US State Department team traveled to Venezuela on Friday for the first time since the ouster of Nicolás Maduro, according to a US official. CNN’s Stefano Pozzebon reports from Bogota.