German politicians criticized Elon Musk for supporting the far-right AfD in an opinion piece, calling it intrusive interference in Germany’s elections. Musk’s endorsement of the AfD was deemed pretentious and an attempt to influence the outcome of the upcoming federal elections. The controversy comes as the AfD gains momentum in polls, positioning them to receive around 19% of the vote in the snap elections scheduled for February 23, 2025.
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Bank of England’s top economist dismisses hopes of big interest rates cuts in further blow to Rachel Reeves
Rachel Reeves faced setbacks in her efforts to boost economic growth as the Bank of England downplayed the possibility of a significant interest rate cut, opting for a more cautious approach. Chief economist Huw Pill's comments came after the bank halved its growth forecast and warned of higher inflation and increased unemployment due to rising taxes and minimum wage. Reeves' future as chancellor is in question, with the Bank highlighting unexpected pay growth as a...
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