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Latest news, comment and features from The Independent US
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News
18 insurance agents quit just minutes apart. Now, their former employer is suing them
15+ hour, 23+ min ago (414+ words) The departing workers generated more than $5 million in annual revenue for Willis Towers Watson, according to court documents Global insurance brokerage and risk management firm Willis Towers Watson has filed a lawsuit in Boston after 18 employees resigned within 44 minutes and…...
Bank set to hold interest rates but ‘needs to be ready’ to act on inflation
18+ hour, 42+ min ago (506+ words) The Bank of England is expected to keep interest rates unchanged for the sixth time this year, but experts said it “needs to be ready” to hike rates if energy prices continue to surge. Most economists are expecting the Bank’s…...
The crypto billionaires behind Reform’s eye-watering £72 million donations
1+ day, 6+ hour ago (1100+ words) Christopher Harborne has previously donated to the Brexit Party and the Conservatives, while Ben Delo was pardoned by Donald Trump just last year Reform UK has received £72m as two cryptocurrency billionaires have backed Nigel Farage’s party with major donations just…...
Why Canada? America's northern neighbor seems an unlikely target for a trade war
1+ day, 15+ hour ago (928+ words) Canada might seem an unlikely target for a U.S. trade war. No country on Earth buys as much from the United States as its northern neighbor. For American farmers, Canada is second only to Mexico as an export market. A North…...
Inflation report lands amid spiking oil prices, rising interest rates and Fed on fence
2+ day, 22+ hour ago (502+ words) Friday's inflation report is shaping up to be among the most consequential in years. Oil and gas prices have spiked again on the back of renewed combat in the Middle East. The Federal Reserve is considering whether to lift its…...
Oil prices stay above $108 and Asian shares decline, tracking Wall Street losses
2+ day, 22+ hour ago (367+ words) Asian shares declined Friday tracking Wall Street losses, while oil prices gained with Brent crude trading above $108 a barrel in its highest since May. Japan’s Nikkei 225 dropped 2.8% to 63,442.30. Shares of multinational investment holding firm SoftBank Group, an investor of OpenAI,…...
Jeff Bezos’ Washington Post downplays dire warning about AI killing all humans
3+ day, 7+ hour ago (825+ words) The news outlet, whose owner recently co-founded an AI company, instead warned about looming government overreach against Big Tech A Washington Post editorial invoked the Bible to downplay the potential threat posed by artificial intelligence and instead warned of looming…...
US unemployment claims dip to 206,000 as layoffs continue to remain rare
3+ day, 14+ hour ago (256+ words) Slightly fewer Americans filed for unemployment claims last week as jobless claims remain at historically low levels and layoffs are still relatively rare. Filings for benefits dipped to 206,000 last week from a revised 207,000 the week before, the Labor Department reported…...
Wholesale prices moved higher last month in latest sign of stubborn inflation
3+ day, 14+ hour ago (134+ words) Wholesale inflation picked up last month after cooling earlier this summer as higher oil and gas prices stemming from the Iran war are keeping costs elevated Wholesale inflation picked up last month after cooling earlier this summer as higher oil…...
Iceland boss ‘proud to back British interests’ with new Falkland Islands store
3+ day, 14+ hour ago (736+ words) The boss of supermarket chain Iceland has said he is “very proud to back British interests” as he announced the opening of a store in the Falkland Islands. Lord Richard Walker said his firm’s expansion plans into the British territory…...