Author: Websupport

EU SUMMIT ENDS WITHOUT AGREEMENT ON TOP JOBS –  The EU’s 27 national leaders discussed who should run the European Commission executive body European Union leaders ended a discussion on who should take the bloc’s top jobs for the next five years without an agreement, aiming instead for a decision at a summit next week. The leaders’ meeting was the first since the European Parliament election, which saw gains for the centre-right and right-wing nationalists, but humiliating defeats for French President Emmanuel Macron and German Chancellor Olaf Scholz. Over dinner in Brussels, the EU’s 27 national leaders discussed who should…

MIGRANT SHIPWRECKS OFF ITALY LEAVE ELEVEN DEAD-Eleven people died and more than 60 were missing, including 26 children Bodies of eleven migrants recovered by the German aid group RESQSHIP were brought to Lampedusa on Monday evening (June 17). Earlier on Monday aid groups, coastguard officials and U.N. agencies said eleven people died and more than 60 were missing, including 26 children, following two migrant shipwrecks off Italy’s southern shores. German aid group RESQSHIP, which operates the Nadir rescue boat, said it picked up 51 people from a sinking wooden boat, including two who were unconscious, and found 10 bodies trapped…

‘TERRORISM PURE AND SIMPLE’ – White House’s Kirby on Houthi attacks on ships White House national security spokesperson John Kirby, said “The United States will release sanctions against people and entities involved in the Houthi weapons procurement network”. Kirby told reporters the U.S. had conducted a strike against an unmanned aerial vehicle that posed a direct threat to ships last night. U.S. and British forces have carried out at least six airstrikes on Yemen’s Hodeidah International Airport and four strikes on Kamaran Island near the port of Salif off the Red Sea, Al-Masirah TV, the main television news outlet run…

FRANCE BEAT AUSTRIA 1-0 – France begin the EURO 2024 campaign with a victory France delivered a 100th victory for manager Didier Deschamps as they edged a tenacious Austria side 1-0 in their opening Group D match at Euro 2024 but it came at a cost as talisman Kylian Mbappe suffered a suspected broken nose. It was by no means a vintage performance and France required an own goal by Austria defender Max Wober shortly before halftime to secure the three points that put them level on three points with the Netherlands who they face next. However, three years after…

TRUMP HOLDS RALLY IN WISCONSIN CITY-Trump focused on high inflation and mortgage rates Republican presidential candidate Donald Trump sought to present himself as the best candidate for the U.S. economy at a Tuesday (June 18) rally in Racine, Wisconsin. The former president vowed to quickly reverse a plan announced by Democratic President Joe Biden earlier in the day that would give hundreds of thousands of people in the country illegally a pathway to citizenship. Trump focused on high inflation and mortgage rates during his speech, which has dented Biden’s popularity, including in politically competitive states like Wisconsin. Trump’s speech came…

INFLATION DROPS TO BANK OF ENGLAND’S 2% TARGET – The bank is expected to hold Interest Rates at 5.25% Inflation returned to its 2% target in May for the first time in nearly three years, data showed on Wednesday (June 19), but underlying price pressures remained strong, meaning the Bank of England is likely to wait longer before cutting interest rates. Shadow Chancellor of the Exchequer and Labour MP Rachel Reeves welcomed that inflation has returned to target but said families continue to “struggle with their bills” and the cost of living crisis is far from over. British finance minister Jeremy…

NVIDIA BECOMING THE WORLD’S MOST VALUABLE COMPANY – The company’s chips continue to play a central role to dominate the market for AI Nvidia became the world’s most valuable company, dethroning tech heavyweight Microsoft, as its chips continue to play a central role in a race to dominate the market for artificial intelligence. Shares of the chipmaker climbed 3.2% to $135.21, lifting its market capitalization to $3.326 trillion, just days after overtaking iPhone maker Apple to become the second most valuable company. The stock has surged about 173% so far this year, compared with a rise of about 19% in…

US FEDERAL BUDGET DEFICIT TO REACH 1.9 TRILLION DOLLARS IN 2024-The budget deficit for 2024 has been revised upwards by 27% The U.S. federal government’s budget deficit for the fiscal year 2024 is projected to reach 1.9 trillion U.S. dollars this year, according to a report released by the Congressional Budget Office (CBO) on Tuesday. The report said that the federal government’s budget deficit for fiscal year 2024 has been revised upward by 27 percent compared with the February forecast. Additionally, cumulative deficits from 2025 to 2034 are also forecast to increase significantly. Factors driving the upward revision in forecasts…

UNITED LINKED WITH £34M RATED DUTCH STRIKER – Joshua Zirkzee is linked to join Manchester United Manchester United have stolen a march on their Premier League rivals in the hunt for Bologna striker Joshua Zirkzee. United are reportedly in talks with the Dutchman’s representatives after showing “advanced interest” in the 23-year-old. Arsenal lead Zirkzee’s list of other Prem admirers. But despite a switch to England appearing most likely, AC Milan are still understood to be keen on the former Bayern Munich fringe player. Zirkzee has a buyout clause of 40million euros – around £34m. Bologna are said to want to…

RETAIL SALES RISE DUE TO BETTER WEATHER – Days of heavy rain previously dampened demand across much of the UK Retail sales rose by a better-than-expected 2.9% in May as increased footfall, better weather and deals saw shoppers return to high streets, according to officials. It comes following a poor performance during the previous month as days of heavy rain dampened demand in much of the country. Non-food shops reported strong monthly growth in May, with a rebound in clothes and furniture sales in particular, the Office for National Statistics (ONS) reported on Friday. Footwear, sports equipment, games and toys…