The U.K. economy unexpectedly contracted by 0.1% in October due to a decline in production output, marking the second consecutive downturn following a 0.1% decline in September. The Finance Minister defended the government’s economic strategies, including a budget that raised taxes by £40 billion and implemented policies that have faced criticism, such as a national insurance payroll tax hike impacting job openings.
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The U.S. imposed sanctions on a shipping empire controlled by Mohammad Hossein Shamkhani, son of a senior Iranian political advisor, targeting over 115 entities and vessels involved in transporting Iranian and Russian oil. These measures aim to disrupt Iran's funding for its nuclear program and other destabilizing activities, emphasizing the U.S. commitment to applying maximum pressure on Tehran. Want More Context? 🔎
Read moreAbout the AuthorManoj ChaurasiaManoj Chaurasia is a senior political journalist with over 25 years of experience in leading national and international media, specializing in political, offbeat, and human-interest stories.Read More Want More Context? 🔎
Read moreMan about town Ricardo Simich explores the Mowbray family's influential network in his latest Society Insider column, focusing on the key individuals who support Mat, Nick, and Andrew Mowbray in their business ventures and personal lives. The Mowbray brothers, co-founders of Zuru Group, are New Zealand's wealthiest siblings, with a net worth exceeding $20 billion, while their sister Anna, a former co-founder, is valued at over $500 million. Want More Context? 🔎
Read moreLuciano Frattolin, 45, has been charged with second-degree murder and concealment of a corpse in the death of his nine-year-old daughter, Melina, whose body was found in a pond in upstate New York after she was reported missing. Denied bail due to flight risk concerns, Frattolin, who pleaded not guilty, is scheduled to appear in court again on August 19, facing potential life imprisonment if convicted. Want More Context? 🔎
Read morePalestinians in Gaza faced dire conditions as they gathered for aid amid Israeli military attacks, leading to a tragic shooting that resulted in over 48 deaths and hundreds injured. The Israeli Defence Forces claimed their response was to perceived threats, while humanitarian organizations condemned the violence, highlighting the severe humanitarian crisis exacerbated by blockades and escalating food prices. Want More Context? 🔎
Read moreTanzania has prohibited foreign nationals from owning small-scale businesses across 15 sectors, including mobile money and beauty salons, aiming to protect local traders amid concerns over foreign encroachment. This decision has sparked backlash from Kenya, which argues it violates East African Community agreements, potentially harming both economies and prompting fears of reciprocal restrictions. Want More Context? 🔎
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