UK inflation slows to 2.5% in December, below expectations
Economy

UK inflation slows to 2.5% in December, below expectations

LONDON — U.K. inflation fell to a lower-than-expected 2.5% in December, with core price growth slowing further, according to data released by the Office for National Statistics on Wednesday. The consumer price index (CPI) rose to 2.6% in November, with economists polled by Reuters expecting the December reading to stay unchanged. Core inflation, which excludes more volatile […]

Nvidia-backed AI video platform Synthesia doubles valuation to $2.1 billion
Economy

Nvidia-backed AI video platform Synthesia doubles valuation to $2.1 billion

Synthesia is a platform that lets users create AI-generated clips with human avatars that can speak in multiple languages. Synthesia LONDON — Synthesia, a video platform that uses artificial intelligence to generate clips featuring multilingual human avatars, has raised $180 million in an investment round valuing the startup at $2.1 billion. That’s more than than double […]

UK homeowners brace for higher mortgages as borrowing costs spike
Economy

UK homeowners brace for higher mortgages as borrowing costs spike

Sunlight illuminates the front of a row of Victorian-era houses in a terraced street in Bristol, England. Matt Cardy | Getty Images News | Getty Images LONDON — Hundreds of thousands of U.K. homeowners are facing the prospect of higher mortgage rates after a spike in U.K. borrowing costs. Major high street lender Virgin Money […]

Virginia Dem lawmaker’s staff injured in baseball bat attack
Politics

Virginia Dem lawmaker’s staff injured in baseball bat attack

“Right now, our focus is on ensuring they are receiving the care they need. … The thought that someone would take advantage of my staff’s accessibility to commit an act of violence is unconscionable and devastating,” Connolly added. A motive for the assault wasn’t immediately clear, and Capitol Police said the assailant wasn’t known to… […]

Intensifying debt talks threaten rare GOP unity
Politics

Intensifying debt talks threaten rare GOP unity

“I give them a lot of credit for putting the ball in Biden’s court. But the next step is: Will they support the compromise?” said Sen. John Cornyn (R-Texas), an adviser to Minority Leader Mitch McConnell. “The Senate will support whatever McCarthy and Biden will agree to. We’ll just back up the House.” That leaves… […]

Uvalde Victims Demand Answers From Daniel Defense—Maker Of Rifle Used By Shooter
Business

Uvalde Victims Demand Answers From Daniel Defense—Maker Of Rifle Used By Shooter

Topline Attorneys representing the father of a 10-year-old student killed in the mass shooting at an elementary school in Uvalde, Texas, that left 21 people dead filed a letter Friday that demands answers from Daniel Defense, the maker of the rifle used in the shooting, regarding the company’s controversial marketing techniques and any communication it… […]

Supreme Court wades into Trump hotel records fight
Politics

Supreme Court wades into Trump hotel records fight

That power has rarely been used but, on paper, appears to permit members of the minority — typically largely shut out of decision-making power — to demand significant information from federal agencies and the White House. The rule, which was passed into law in 1928, also applies to the Senate’s government affairs committee, where it… […]