The US central bank has increased interest rates by 0.75% to combat inflation – the sharpest hike in 28 years. The Federal Reserve signalled more rate rises to come and projected a slowing economy in the months ahead, along with rising unemployment. The bank raised its benchmark rate to a range of 1.5% to 1.75%,
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Two top executives at an L.A.-based Latin music conglomerate were arrested by FBI agents today on charges that they conspired to violate the Foreign Narcotics Kingpin Designation Act by conducting business with a concert promoter with ties to Mexican drug cartels. Angel del Villar, CEO of Del Records and its subsidiary talent agency Del Entertainment,
Nintendo should commission an independent investigation into a problem with the Joy-Con controllers on its Switch games console, consumer group Which? says. The Nintendo Switch was launched five years ago but has been dogged by reports of “drift” – when the console registers movement even though the joysticks are not in use. Nintendo has said
Three leading media execs said upfront sales will wrap up shortly with Paramount and NBCUniversal seeing increases in the high single digits, according to CEOs Bob Bakish and Jeff Shell. Fox Corp. CFO Steve Tomsic was on board with a 9%-to-12% range presented by analyst Doug Mitchelson at a CSFB investor conference Tuesday, noting the
A consumer rights expert has hit out at the aviation regulator while accusing airlines of presiding over a ‘blatant flouting of consumer rights’ following the recent flight chaos. Sue Davies, head of consumer rights at consumer group Which?, told the Business, Energy and Industrial Strategy Committee (BEIS) committee of MPs there were serious, historic, failures
Actress and co-founder of the Honest Company (a consumer wellness products firm) Jessica Alba, has become a Yahoo board member. Alba was chosen from a group of tech, media, finance, sports entertainment and private equity. Yahoo selected a group of all-inclusive group of leaders to support its new era of growth and transformation. According to
The latest employment figures show inflation taking a bigger bite out of regular pay and an unexpected jump in the jobless rate as people seek to better shield themselves from the cost of living crisis. The Office for National Statistics (ONS) reported that the jobless rate rose to 3.8% in the three months to April
EXCLUSIVE: Reality star Harry Jowsey has signed with WME. Australian-born Jowsey made a splash as a competitor in Season 1 of Netflix’s Too Hot To Handle in 2020. Since the show premiered, he has amassed over 9 million fans across all social media platforms. In 2021, Jowsey launched the podcast, Tap In, which led him
The European Commission has warned it will take “proportionate action” to secure the legal implementation of the Northern Ireland Protocol after the UK government published legislation which will override the mechanism. The commission’s vice president Maros Sefcovic said the EU viewed the UK’s actions with “significant concern” and that it would consider what steps to
The 75th annual Tony Awards has kicked off with the official red carpet at Radio City Music Hall in New York. Academy Award winner and Tony nominee Ariana DeBose will host The 75th Annual Tony Awards, airing live coast-to-coast on CBS, and streaming live and on demand on Paramount+, beginning at 8 p.m. ET/5 p.m. PT. 75th
The UK economy contracted by 0.3% in April, according to official figures released as the CBI, Britain’s biggest employers’ group, demanded “vital actions” from the government to prevent an inflation-driven recession. The Office for National Statistics (ONS) had been expected by economists to confirm a slight rise in gross domestic product (GDP) for the month
A bipartisan group of senators have reach an agreement on a framework for a series of new gun safety measures on Sunday, but they fall short of banning the purchase of assault weapons for those under 21. Specifically, the agreement would expand background checks for those under 21 who purchase guns; grants for states to
The government has ordered an “urgent” review by the competition regulator into the fuel market after pump prices hit new record highs. Business Secretary Kwasi Kwarteng said in a letter to the Competition and Markets Authority (CMA) that there was “widespread concern” about the pace of price rises and public frustration that a cut in
Bloomberg.com reports that the case is Ellis v. Google LLC, Google having to pay out $118 million settlement to over 15,000 female employees for gender discrimination. The settlement was reached immediately upon conclusion of the case and involves women across 236 job titles. Lieff Cabraser Heimann & Bernstein LLP, with Altshuler Berzon LLP, announced the
Agency workers could be called in to replace striking rail staff, according to a report. Labour’s Tony Blair introduced a restriction on using agency staff to stand-in for striking workers when he was prime minister. But Transport Secretary Grant Shapps told The Sunday Telegraph that ministers are looking at ways to repeal this. It comes
“For those who are frustrated by my cancelations of the next shows, I’m just physically, obviously, not capable of doing them,” said Justin Bieber in an Instagram video post today. “There’s full paralysis on this side of my face.” On Tuesday, Bieber announced that he was postponing the next few shows of his 130-date Justice
One of the candidates snubbed in the recent race to chair Ofcom, the media regulator, is being considered to oversee a government-commissioned review of the BBC’s future funding. Sky News has learnt that Lord Gilbert of Panteg, the former chair of the House of Lords communications and digital committee, is among a list of names
UPDATE: Joe Biden was joined by First Lady Jill Biden as they attended the first of two Los Angeles fundraisers on Friday at the home of Andrew Hauptman, with Jeffrey Katzenberg as co-host. The president talked about Ukraine, noting that “a lot of people thought I was exaggerating” about a potential Russian invasion, but “I
More than half of UK households have cut down on their energy usage as a result of the cost of living crisis, new data suggests. A survey carried out by the Office for National Statistics (ONS) revealed that 52% of Britons are using less gas and electricity in a bid to cut down costs. The
EXCLUSIVE: UTA has signed award-winning writer, director and producer Andre Gaines (After Jackie), as well as his production company Cinemation Studios, for worldwide representation in all areas. The agency will now look to help expand his business across film, television, podcasts and gaming, also working with him on several hosted programs based on popular brands. Most