Denmark’s ‘ghetto law’ targeting ‘parallel societies’ may be unlawful, EU court rules

Residents of a Copenhagen neighbourhood that became an international symbol of a law in Denmark known as the “ghetto law” have said they are confident they can strike the law…

Residents of a Copenhagen neighbourhood that became an international symbol of a law in Denmark known as the “ghetto law” have said they are confident they can strike the law down in the Danish courts after the top EU court ruled that it may be unlawful. Because of the “parallel society” law, more than 1,000 people were forced to move out, and rental costs soared. Muhammad Aslam, chair of the Mjølnerparken residents association, said he was pleased with the ECJ’s decision and he believes they are now well placed to win in the high court. The “parallel society” law was “inhumane”, he said. “We try to say to ourselves we are part of Denmark and part of Danish society,” he said.

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American Airlines no longer lets basic economy flyers earn miles

American Airlines customers flying on basic economy fares will no longer earn frequent flyer miles or points toward elite status, the carrier said this week. Customers who purchase a Basic…

American Airlines customers flying on basic economy fares will no longer earn frequent flyer miles or points toward elite status, the carrier said this week. Customers who purchase a Basic Economy ticket on December 17, 2025 and beyond will not earn AAdvantage miles or Loyalty Points towards AAdvantage status," it said. "Basic Economy customers will continue to receive one free personal item and one free carry-on bag, free snacks, soft drinks and in-flight entertainment." Elite loyalty members will still be eligible for first-class upgrades on domestic flights if they're on basic economy tickets, an American spokeswoman told CNBC. Basic economy tickets are airlines' cheapest but most restrictive fares, rolled out across the industry over the past decade.

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Health care is the 'engine' of the job market — and that's risky for the economy

In other words, without health care, the economy would have lost about 85,000 jobs. "The job market outside of health care does look like it's freezing up," Zhao said in…

In other words, without health care, the economy would have lost about 85,000 jobs. "The job market outside of health care does look like it's freezing up," Zhao said in an interview. Older adults tend to spend more on health care, driving up demand for health services — and a need for more workers to meet that demand, they said. That said, consumer spending has proven resilient, likely providing a backstop to the job market, Zhao said. Policy threatens health-care job growthHealth spending tends to be insulated from economic downturns, a dynamic that could help prop up the labor market and economy if the job market were to cool further, economists said.

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Denmark says Russia was behind two ‘destructive and disruptive’ cyber-attacks

The Danish government has accused Russia of being behind two “destructive and disruptive” cyber-attacks in what it describes as “very clear evidence” of a hybrid war. “The Russian state uses…

The Danish government has accused Russia of being behind two “destructive and disruptive” cyber-attacks in what it describes as “very clear evidence” of a hybrid war. “The Russian state uses both groups as instruments of its hybrid war against the west,” DDIS said in a statement. In an attack on a water utility in Køge in December 2024, a hacker took control of a waterworks and changed the pressure in the pumps, resulting in three burst pipes. “This is very clear evidence that we are now where the hybrid war we have been talking about is unfortunately taking place. Denmark, he added, was not sufficiently equipped to withstand such attacks from Russia.

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What's ahead for media in 2026? Anonymous executives make bold predictions

This executive predicted Paramount will ultimately convince the WBD board to nix its deal with Netflix and sell the entire company to the Ellison family and their financial backers. Executive…

This executive predicted Paramount will ultimately convince the WBD board to nix its deal with Netflix and sell the entire company to the Ellison family and their financial backers. Executive 4: Paramount will lose WBD, divest CBS, buy NBCUniversal Yes, a deal involving NBCU was quite popular this round. This executive predicted the NFL will make sure this doesn't happen by extending contracts with CBS, NBC, ABC/ESPN and Fox in 2026. This executive predicted media companies will be forced to slash their non-sports budgets to afford a massive increase coming from the NFL — and the fallout will begin in 2026. This executive predicted both leagues will have lockouts as owners and players can't agree on new CBAs in time.

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American Airlines starts flying the longest-range narrow-body Airbus plane. Here's what's inside

The economy cabin of American Airlines A321XLR. The first Airbus A321XLR for a U.S. airline is scheduled to take off from John F. Kennedy International Airport in New York on…

The economy cabin of American Airlines A321XLR. The first Airbus A321XLR for a U.S. airline is scheduled to take off from John F. Kennedy International Airport in New York on Thursday, bound for Los Angeles International Airport. Premium seatsAmerican Airlines' Airbus A321XLR features 20 business-class suites with lie-flat seats. American Airlines A321XLR. The American Airlines Airbus A321XLR premium economy cabin has 12 seats.

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Bank of England cuts interest rates to 3.75% in pre-Christmas boost for struggling economy

The Bank of England has cut interest rates by a quarter point for the fourth time this year, delivering a pre-Christmas boost to the struggling UK economy. The latest rate…

The Bank of England has cut interest rates by a quarter point for the fourth time this year, delivering a pre-Christmas boost to the struggling UK economy. The latest rate cut – the sixth since Labour came to power last year – will be welcomed by the chancellor, Rachel Reeves. Reeves announced a series of inflation-fighting measures at her November budget that were partly aimed at increasing the Bank’s room to manoeuvre to cut rates. That remained well above the Bank’s 2% target, set by the government, but suggested inflation had peaked. An early estimate published last week suggested the economy unexpectedly shrank by 0.1% in October, marking four successive months without growth.

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Can India catch up with the US, Taiwan and China in the global chip race?

India aims to be an additional manufacturing hub for companies wanting to expand production beyond China. The US leads in chip design, Taiwan in fabrication, and China, increasingly, in packaging.…

India aims to be an additional manufacturing hub for companies wanting to expand production beyond China. The US leads in chip design, Taiwan in fabrication, and China, increasingly, in packaging. Taiwan leads production of these chips, with China fast catching up, though Taiwan’s TSMC dominates production for cutting-edge nodes below 7nm. Both the Tata Group and the Murugappa Group declined to comment to Al Jazeera regarding the reports. “Semiconductor manufacturing is the most complex engineering task humanity undertakes – and the policymaking behind it must be just as precise.”

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Americans’ view on their mental health at record low, according to new poll

A record low proportion of Americans rate their mental health as “good” or “excellent” according to a Gallup poll released on Thursday. The percentage of Americans polled who rated their…

A record low proportion of Americans rate their mental health as “good” or “excellent” according to a Gallup poll released on Thursday. The percentage of Americans polled who rated their mental health as “excellent” dropped below 30% for the first time this year while the number who rated their mental health as either “good” or “excellent” also dropped to a record low 72%. These numbers began trending downward after the Covid-19 pandemic–before 2020, 42% or more Americans consistently rated their mental health as “excellent”. A White Paper from the nonprofit Fair Health confirms that mental health related diagnoses have increased dramatically since 2019. But certainly, if you’re an immigrant in the United States right now, your level of stress is extraordinarily high.”Self-reported mental health declined more dramatically among groups that typically have higher self-rated mental health, including college educated adults and Republicans, according to the Gallup poll.

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Student awarded £65k after JD Sports supervisor sexual harassment case

Read our Privacy noticeA woman has settled a sexual harassment case against a former employer after she was “slapped on the bottom” by a male supervisor. The company acknowledged and…

Read our Privacy noticeA woman has settled a sexual harassment case against a former employer after she was “slapped on the bottom” by a male supervisor. The company acknowledged and apologised for the significant upset, distress, and injury to feelings experienced by Ms Boyd. Ms Boyd said she reported the incident to her manager that day and was told that CCTV had captured the incident. Ms Boyd raised a complaint of sexual harassment, but claims that while she made a written statement, she was not interviewed formally about her experience. “We apologise unreservedly to Ms Boyd for the significant upset caused,” they said.

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Megan Davies obituary

My partner, Megan Davies, who has died aged 67, was for many years Cardiff’s highly regarded branch secretary of the Society of Telecom Executives, now part of the Prospect union.…

My partner, Megan Davies, who has died aged 67, was for many years Cardiff’s highly regarded branch secretary of the Society of Telecom Executives, now part of the Prospect union. She was a lifelong socialist, a supporter of Socialist Worker and, until her recent ill health, was a regular at Palestine, anti-war and anti-racist protests. At her funeral Cor Cochion, a socialist choir, gave a passionate rendition of Nkosi Sikelel’ iAfrika, the South African national anthem. Born in Belsize Park, north London, to Jean (nee Roderick), a teacher, and Owen Davies, an academic, Megan attended Camden school for girls. Megan was passionate about her politics but she had a hinterland, a life lived to the full, which touched many across a wide range of activities.

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Five key takeaways from Trump’s state-of-the-nation address

In a 19-minute address to the nation on Wednesday night, United States President Donald Trump made no major announcements, as presidents are usually wont to do. Instead, he took the…

In a 19-minute address to the nation on Wednesday night, United States President Donald Trump made no major announcements, as presidents are usually wont to do. Instead, he took the opportunity to further denigrate immigrants, highlight his perceived personal achievements and make grandiose promises of prosperity to come. Members of the Democratic Party were quick to capitalise on Trump’s flagging approval ratings and popular concerns about affordability. Here are five key takeaways from his address:He blamed immigrants for the US’s problemsThe US president took aim at immigrants, blaming them for the housing crisis and economic problems. He did address the issue of rising medical costs, which Democrats say will soar when key healthcare subsidies for people on low incomes expire at the end of this year.

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What’s next for the global economy in 2026?

2025 was the year of tariffs and a global shift in economic power. Two words that largely define the economy right now: Global reordering. President Donald Trump’s Tariffs have landed…

2025 was the year of tariffs and a global shift in economic power. Two words that largely define the economy right now: Global reordering. President Donald Trump’s Tariffs have landed as a shock to global trade. From Africa’s minerals boom to the global AI race, countries are scrambling for influence – even as debt piles up. They are spending more, borrowing more and making tough choices from defence to climate policy and labour shortages.

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US prices continued to rise despite Trump claims they are ‘rapidly’ falling

In a live TV address on Tuesday night, Trump claimed prices were falling “rapidly”, despite evidence to the contrary. “I am bringing those high prices down, and bringing them down…

In a live TV address on Tuesday night, Trump claimed prices were falling “rapidly”, despite evidence to the contrary. “I am bringing those high prices down, and bringing them down very fast,” the US president said. The latest rise in prices coincides with a climbing unemployment rate, which hit 4.6% in November – a four-year high. Economists widely agree that Trump’s tariffs have made prices rise. The Yale Budget Lab estimated that, even with exemptions, Trump’s tariffs will cause prices to rise $1,700 for the average American household.

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Narrow Bank of England vote puts end of interest rate-cutting cycle in sight

The question, however, is how much further the Bank can go to bring to an end its current easing cycle, after a painful hump in inflation over the past year.…

The question, however, is how much further the Bank can go to bring to an end its current easing cycle, after a painful hump in inflation over the past year. For borrowers, Thursday’s decision suggests the endpoint is coming into focus – spelled out succinctly by the Bank’s governor, Andrew Bailey. This should be enough to get the rate close to the Bank’s 2% target a year earlier than previously anticipated. The hope in Downing Street will be that whacking inflation down in 2026 could help prevent the headline rate sticking at elevated levels. Weaker growth, rising unemployment, and evidence of a further inflation slowdowncould put more on the table.

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How to keep Britain’s far-right out of power: MP Shockat Adam

Al Jazeera’s Mohamed Hassan sits down with Shockat Adam, Independent MP for Leicester South and founding member of Britain’s Your Party. They discuss the rise of the far-right and its…

Al Jazeera’s Mohamed Hassan sits down with Shockat Adam, Independent MP for Leicester South and founding member of Britain’s Your Party. They discuss the rise of the far-right and its impact on the UK, including anti-immigration rhetoric and the place of British Muslims in UK politics.

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Thursday briefing: How pay erosion and job shortages pushed doctors to strike again amid winter flu surge

Early on Wednesday morning, thousands of resident, formerly known as junior, doctors went on strike, after voting overwhelmingly to do so. Firefighters aren’t doing that, GPs and consultant doctors aren’t…

Early on Wednesday morning, thousands of resident, formerly known as junior, doctors went on strike, after voting overwhelmingly to do so. Firefighters aren’t doing that, GPs and consultant doctors aren’t doing that either.”Perhaps unsurprisingly, public support for the pay and jobs dispute has dwindled. When Streeting became health secretary, he very quickly gave resident doctors 22.3% extra pay over two years, believing he had fixed the problem, according to Denis. Resident doctors, who make up about half of all NHS doctors, overwhelmingly rejected the offer in a BMA survey last week, with 83% voting against it, on a 65% turnout. “Stand up to the unions ...ban doctors strike,” is the lead story at the Express.

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Money Trivia: our annual Christmas quiz

Our podcast on markets, the economy and business. This week, are you a bigger nerd than the Money Talks hosts?

Our podcast on markets, the economy and business. This week, are you a bigger nerd than the Money Talks hosts?

Trump touts achievements, attacks immigrants in White House address

United States President Donald Trump has delivered an address to the nation from the White House, highlighting achievements, demonising immigrants and attacking his Democratic predecessor. Trump went on to scapegoat…

United States President Donald Trump has delivered an address to the nation from the White House, highlighting achievements, demonising immigrants and attacking his Democratic predecessor. Trump went on to scapegoat immigrants and blame them for the country’s problems, including the housing crisis. “At the same time, illegal aliens stole American jobs and flooded emergency rooms getting free healthcare and education paid for by you – the American taxpayer,” Trump said. Trump said the price of turkey plunged by 33 percent from last year, but the source of that number is not clear. Hours before the speech, Trump added fuel to the argument that he is escalating tensions with Venezuela to take the country’s oil.

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CNBC's Inside India newsletter: Why the India-U.S. trade deal remains elusive

This report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse. A U.S. trade delegation wrapped up another…

This report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse. A U.S. trade delegation wrapped up another rounds of talks in New Delhi last week, with no breakthrough, though U.S. The absence of a trade deal keeps markets "somewhat cautious," especially when it comes to sectors that are "dependent on the U.S.," said Gupta, adding that the moment there is clarity on the trade front, there will be "meaningful reduction in uncertainty premiums." The absence of a trade deal with the U.S. "has been a serious overhang on India," Citi's chief India economist, Samiran Chakraborty, said last week, while discussing India's prospects for 2026. "[At] the beginning of the year we thought India will be the first country to get a trade deal, and now end of the year, it is the last country which has not got a trade deal," Citi's Chakraborty said.

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Trump inherited a “different and difficult” economy

Quotable Trump inherited a “different and difficult” economyEthan Baker on the rising cost of living in the US and what he sees as President Donald Trump’s efforts to bring prices…

Quotable Trump inherited a “different and difficult” economyEthan Baker on the rising cost of living in the US and what he sees as President Donald Trump’s efforts to bring prices down. Read moreEthan Baker, mayor of Troy, Michigan, talks about the rising cost of living in the US and what he sees as President Donald Trump’s efforts to bring prices down.

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Bank of Japan is poised to raise rates to a 30-year high despite economic weakness

The decision, due Friday, could see rates raised to 0.75% — highest since 1995 — with data from LSEG showing an 86.4% probability of a hike by the Bank of…

The decision, due Friday, could see rates raised to 0.75% — highest since 1995 — with data from LSEG showing an 86.4% probability of a hike by the Bank of Japan. A rate hike will likely strengthen the yen against the dollar, and contain inflation, which has run above the BOJ's target for 43 straight months. With a rate hike almost certain, experts said that market focus will be more on the BOJ's commentary after the decision. While efforts have been made to narrow the rate range, Ueda said that the BOJ must guide monetary policy without clarity on where exactly the neutral rate lies. Carl Ang, fixed income research analyst at MFS Investment Management, said that an updated estimate on the neutral rate may be shared after the Friday meeting.

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2025’s AI boom caused huge CO2 emissions and use of water, research finds

The AI boom has caused as much carbon dioxide to be released into the atmosphere in 2025 as emitted by the whole of New York City, it has been claimed.…

The AI boom has caused as much carbon dioxide to be released into the atmosphere in 2025 as emitted by the whole of New York City, it has been claimed. The global environmental impact of the rapidly spreading technology has been estimated in research published on Wednesday which also found that AI-related water use now exceeds the entirety of global bottled-water demand. The figures show the estimated greenhouse gas emissions from AI use are also now equivalent to more than 8% of global aviation emissions. He said it was the first time AI’s water impact had been estimated and showed that AI water use alone was more than a third higher than previous estimates of all datacentre water use. Technology companies’ environmental disclosures are often insufficient to assess even the total datacentre impact, never mind isolating AI use, said De Vries-Gao.

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US sanctions may cause “Great Depression in Venezuela”

Francisco Rodriguez of the Center for Economic & Policy Research discusses how US sanctions on Venezuela could be catastrophic for Venezuela’s economy and its people.

Francisco Rodriguez of the Center for Economic & Policy Research discusses how US sanctions on Venezuela could be catastrophic for Venezuela’s economy and its people.

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November consumer prices rose at a 2.7% annual rate, lower than expected, delayed data shows

The consumer price index rose at a 2.7% annualized rate last month, a delayed report from the Bureau of Labor Statistics showed. Economists polled by Dow Jones expected CPI to…

The consumer price index rose at a 2.7% annualized rate last month, a delayed report from the Bureau of Labor Statistics showed. Economists polled by Dow Jones expected CPI to have risen 3.1%. Because the October CPI was cancelled, Thursday's report did not have all the usual data points of a typical CPI release. Odds for a January rate cut remained low, but traders began pricing in a higher chance of a March reduction. The CME Group's FedWatch tool showed a 60% probability of a rate cut for the month, up from around 53.9% on Wednesday.

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The hard politics of climate overshoot

Try unlimited access Only €1 for 4 weeksThen €69 per month. Complete digital access to quality FT journalism on any device. Cancel anytime during your trial.

Try unlimited access Only €1 for 4 weeksThen €69 per month. Complete digital access to quality FT journalism on any device. Cancel anytime during your trial.

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Jeffrey Epstein accomplice Ghislaine Maxwell seeks prison release

Maxwell, a former British socialite and Epstein accomplice, says her conviction for trafficking a ‘miscarriage of justice’. Ghislaine Maxwell, former girlfriend and accomplice of convicted sex offender Jeffrey Epstein, has…

Maxwell, a former British socialite and Epstein accomplice, says her conviction for trafficking a ‘miscarriage of justice’. Ghislaine Maxwell, former girlfriend and accomplice of convicted sex offender Jeffrey Epstein, has asked a federal judge in the United States to set aside her sex trafficking conviction and quash her 20-year prison sentence. Maxwell, once a well-known British socialite, was arrested a year later and convicted of sex trafficking in December 2021. In July, she was interviewed by the Justice Department’s second-in-command and soon afterwards moved from a federal prison in Florida to a prison camp in Texas. Maxwell’s transfer from the Federal Correctional Institution (FCI) Tallahassee – a low-security prison in Florida – to the minimum-security Federal Prison Camp in Bryan, Texas, was carried out without explanation at the time.

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Why the Arab Spring was never a failure

For more than a decade, the Arab Spring has been widely dismissed as a failure, often portrayed as a brief eruption of idealism that collapsed into repression, war and authoritarian…

For more than a decade, the Arab Spring has been widely dismissed as a failure, often portrayed as a brief eruption of idealism that collapsed into repression, war and authoritarian restoration. The Arab Spring should therefore be understood less as a failed transition than as a lasting transformation of political consciousness. The Arab Spring was less a programme than a practice, shaped through action rather than design: a lived reimagining of political possibility. The Arab uprisings also revealed why cities matter. This is why the Arab Spring is not dead, despite sustained efforts to portray it as a historical error or a cautionary tale.

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Plan to jail fewer offenders undermines, victims’ commissioner claims– UK politics live

She says plans in the sentencing bill to limit the number of offenders being jailed will undermine the VAWG strategy. Here are some more extracts from the statement about the…

She says plans in the sentencing bill to limit the number of offenders being jailed will undermine the VAWG strategy. Here are some more extracts from the statement about the VAWG strategy issued by Claire Waxman , the incoming victims’ commissioner for England and Wales. 40m ago 10.25 CET Potential lack of funding for plan to prevent violence against women ‘deeply concerning’, says victims’ commissionerGood morning. The government is finally publishing its violence against women and girls (VAWG) strategy. Although the document is being published today, the VAWG strategy is being promoted via a budget-style, week-long media strategy.

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Uproar in India over Bihar chief minister pulling down Muslim woman’s hijab

A video showing a top minister pulling down the hijab of a Muslim woman during a government event has caused widespread outrage and condemnation across India. “This is Bihar’s Chief…

A video showing a top minister pulling down the hijab of a Muslim woman during a government event has caused widespread outrage and condemnation across India. “This is Bihar’s Chief Minister Nitish Kumar. A female doctor had come to collect her appointment letter, and Nitish Kumar pulled off her hijab. Nitish Kumar should immediately resign for this disgusting behaviour,” the main opposition Congress party posted on X. “When a public official forcibly pulls down a woman’s hijab, it sends a message to the general public that this behaviour is acceptable.

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Trump Media to merge with fusion power company TAE Technologies in $6 billion deal

Trump Media and Technology Group on Thursday announced a merger agreement with TAE Technologies, a fusion power company, valued at more than $6 billion. The all-stock deal, expected to close…

Trump Media and Technology Group on Thursday announced a merger agreement with TAE Technologies, a fusion power company, valued at more than $6 billion. The all-stock deal, expected to close in mid-2026, will result in shareholders of each firm owning approximately half of the combined company. The announcement shows Trump Media, which operates President Donald Trump's Truth Social platform, branching out even further following its expansion into the financial services sector early this year. "Upon closing, Trump Media & Technology Group will be the holding company for Truth Social, Truth+, Truth.Fi, TAE, TAE Power Solutions and TAE Life Sciences, among others," the companies said. Trump indirectly owns more than 114 million shares of Trump Media, which trades on the Nasdaq under the ticker DJT, the president's initials.

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UK police arrest four people for pro-Palestine ‘Intifada’ calls

London’s Metropolitan Police posted on X late on Wednesday that it had made four arrests at pro-Palestinian protests held outside the Ministry of Justice in Westminster, “all involving the alleged…

London’s Metropolitan Police posted on X late on Wednesday that it had made four arrests at pro-Palestinian protests held outside the Ministry of Justice in Westminster, “all involving the alleged shouting or chanting of slogans involving calls for intifada”. The arrests were made at a demonstration that had been called in support of eight imprisoned hunger strikers, whose lives are in peril. But Ben Jamal, from the Palestine Solidarity Campaign, pointed out in a statement that the Arabic word “intifada” means “shaking off or uprising against injustice”. We will act decisively and make arrests,” said the commanders of the Met and GMP in a joint statement. Groups like the Community Security Trust (CST), which works to provide security to protect British Jews, say anti-Semitic incidents have risen in the UK.

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Angela Rayner to publish memoir amid talk of potential Labour leadership challenge

Angela Rayner is writing a memoir about her rise to become deputy prime minister. Rayner has kept a relatively low profile since quitting as deputy prime minister in September after…

Angela Rayner is writing a memoir about her rise to become deputy prime minister. Rayner has kept a relatively low profile since quitting as deputy prime minister in September after failing to pay stamp duty on a flat. Sources said Rayner wanted the book to inspire and encourage others to overcome adversity. This won’t be your standard politician’s memoir. It will be authentically Angela and in her own voice.”Alice Skinner, the editorial director at The Bodley Head, who acquired the memoir, said: “We are so delighted and proud to be publishing Angela Rayner.

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Israel-Lebanon talks: Everything you need to know

Since October 8, 2023, Israel has killed more than 4,000 people in Lebanon after its war with the Lebanese group began. The talks come as Israel continues to attack Lebanon…

Since October 8, 2023, Israel has killed more than 4,000 people in Lebanon after its war with the Lebanese group began. The talks come as Israel continues to attack Lebanon on a near-daily basis and threatens to expand its war on the country. Here’s everything you need to know about the talks. A special committee of representatives from the United States, France, Israel, Lebanon, and the UN peacekeeping force in Lebanon, UNIFIL, which is based in Naqoura. Despite the alleged positivity of the meeting, Israel attacked Lebanon the very next day.

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New York Times columnist David Brooks appears in latest Epstein photos

The New York Times columnist David Brooks appeared in multiple photos from the estate of Jeffrey Epstein that were released on Thursday by the House committee on oversight and government…

The New York Times columnist David Brooks appeared in multiple photos from the estate of Jeffrey Epstein that were released on Thursday by the House committee on oversight and government reform. But the photos appear to show Brooks attending a lunch or dinner event. The Times said that Brooks, who did not respond to a separate request for comment, had no further contact with Epstein. Last month Brooks published a column in the Times saying that he was not interested in the long-unfolding Epstein scandal. “Why is Epstein the top issue in American life right now?” Brooks wrote.

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Fusion deal: Why Trump Media is merging with TAE Technologies

President Donald Trump's social media company will provide the capital needed to bring TAE Technologies' first fusion power plant online in the United States by 2031, TAE CEO Michl Binderbauer…

President Donald Trump's social media company will provide the capital needed to bring TAE Technologies' first fusion power plant online in the United States by 2031, TAE CEO Michl Binderbauer told CNBC on Thursday. Trump Media has meager revenue relative to its market capitalization, which was above $4 billion on Thursday, and to its balance sheet. Trump Media for that quarter reported a net loss of $54.8 million, with sales of just under $973,000. TAE has plans to scale up future fusion power plants to generate between 350 to 500 megwatts of power, Binderbauer said. Asked why TAE did not strike a deal with one of its prior investors, Binderbauer said Trump Media moved quickly and boldly.

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Interest rates live: Bank of England set to cut rate after inflation falls in boost to homeowners

Read our Privacy noticeThe Bank of England is expected to lower interest rates on Thursday after inflation fell to an eight-month low in November. The Monetary Policy Committee is tipped…

Read our Privacy noticeThe Bank of England is expected to lower interest rates on Thursday after inflation fell to an eight-month low in November. The Monetary Policy Committee is tipped to cut the base rate from four per cent to 3.75 per cent - the fourth such rate cut this year, following reductions in February, May and August. The rate of CPI fell to 3.2 per cent in November, from 3.6 per cent in October, the Office for National Statistics (ONS) said. This was largely driven by food and drink inflation, which dropped to 4.2 per cent from 4.9 per cent, while alcohol and tobacco prices also eased. The BoE has been reluctant to make cuts due to lingering inflation, but the recent glut in economic data means a rate cut is all but certain, economists believe.

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