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UK economy faces tough months ahead says Bank of England – BBC News
The Bank of England says the UK economy is in for another tough few months but it believes that the impact of coronavirus restrictions will not be as bad as last year’s lockdown and the rollout of vaccines will help the economy bounce back.
The economy is expected to shrink by 4.2 percent in the first three months of this year. However the bank says there could be a rapid recovery from spring onwards.
As the government’s furlough scheme winds down the Bank say the unemployment rate is likely to peak at 7.8% by the middle of the year
Sophie Raworth presents BBC News at Ten reporting by economics editor Faisal Islam.
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News UK
Zelensky says Russia hit Ukrainian power plant after Trump declared energy ceasefire | BBC News
Ukraine’s President Volodymyr Zelensky says Russia hit a power plant in Ukraine “immediately after” US President Donald Trump announced what he called an energy ceasefire.
Zelensky said Ukraine is willing to back an energy truce if Moscow does as well, adding that it could “become a major step toward ending the war.”
So far, the Kremlin has not commented on the idea, which could see both sides pausing attacks on each other’s energy facilities.
Trump has been urging Ukraine to stop strikes on Russian oil infrastructure so Moscow can fulfil a recently struck deal to release diesel to the US and the global market.
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Deep inside an underground bunker in eastern Ukraine, commanders monitor the battlefield through a live video feed as a Ukrainian drone intercepts a Russian surveillance drone.
The footage shows the Ukrainian drone hovering above its target, before dropping a net and dragging it from the sky.
The interception is part of Operation Vivaldi, a Ukrainian counter-offensive that Kyiv says has recaptured 277 sq km (106 square miles) of territory in the eastern Donbas region in recent months.
But Ukraine says new restrictions on Starshield, the military version of Elon Musk’s Starlink satellite network, are threatening its drone operations.
The technology has played a key role in helping Ukrainian forces detect and strike Russian targets. Dan Johnson reports from the bunker.
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Russia has accused Ukraine of attacking an oil refinery on Thursday after President Volodymyr Zelensky said such strikes, halted …
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AI data centres are becoming a major US political issue.
Candidates and lawmakers in both parties are challenging their growth, but Donald Trump supports them – calling critics âbackwardsâ.
With the midterm elections around the corner, could this issue lose Trump votes? In this videoâŚ
1:39 – What are data centres used for?
2:01 – How many are there across the US?
2:45 – What are the environmental impacts?
3:21 – How much water do they really use?
4:37 – How unpopular are they in the US?
5:15 – What is the impact on nearby residents?
6:19 – How could they influence the US midterms?
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