• The Telegraph

    Labour says ‘preferable’ to recognise Palestine as state

    Labour said it would work towards recognising Palestine as a state if it won power, after Spain, Ireland and Norway announced a decision to change its diplomatic status.

  • Reuters

    Bank of Canada could tilt to July rate cut to benefit from flood of data

    The Bank of Canada (BoC) may dash hopes of a June interest rate cut and instead move in July, which will give it seven more weeks of key data to confirm the recent trend of a slowing economy and continued easing of inflation, some economists said. Some economists justify the markets hesitation to lock in a June cut by arguing the central bank will have two more sets of inflation, GDP and jobs data to make a more informed decision by waiting till July 24, rather than moving on June 5. "From a risk management standpoint, it makes sense for the Bank of Canada to wait the extra six or seven weeks to be as certain as it can be that the inflation trend is going to continue," said Andrew Kelvin, Head of Canadian and Global Rates Strategy at TD Securities.

  • The Guardian

    Kate Roughley jailed for 14 years over death of baby at Stockport nursery

    Deputy manager of Tiny Toes nursery sentenced over manslaughter of nine-month-old Genevieve Meehan