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Stephen Pedley obituary
Stephen Pedley, who served as bishop of Lancaster from 1998 to 2005, has died at age 85. The Church of England cleric was known for his pastoral care, warmth, and infectious laughter.
Janet Davies obituary
Janet Davies, who died at 89, devoted her adult life to international development, ecumenical partnerships, and social justice work through organizations including Christian Aid and the United Reformed Church.
The SALT deduction limit is $40,400 for 2026. Here’s how to maximize it
The SALT deduction limit for 2026 is $40,400, up from $10,000 in 2024 under recent tax legislation. The provision will continue increasing through 2029 before reverting to $10,000 in 2030.
Americans grow more pessimistic about their finances, New York Fed finds — expert warns of ‘tough choices’ ahead
A New York Federal Reserve survey shows Americans are growing more pessimistic about their finances, with expectations that inflation will worsen over the coming year.
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Europe’s car makers are in crisis. Will the threat of war rescue them?
European car makers facing commercial decline are increasingly pursuing military contracts, with Ford, Renault, and Jaguar Land Rover bidding for defence work as rearmament spending rises.
High-tech vehicles are driving up auto repair costs for shops and consumers
Sophisticated vehicle technology is forcing auto repair shops to invest heavily in computers, software, and calibration equipment, with costs increasingly passed to consumers through higher repair bills.
David Ellison and Ynon Kreiz announce Skydance leadership team
Paramount Skydance and Warner Bros. Discovery named their combined leadership team ahead of closing their merger on Tuesday, with executives from both companies taking key roles.
Modelo owner Constellation is getting creative to bring back beer drinkers as overall demand weakens
Constellation Brands beat earnings expectations as beer shipments rose, though consumer demand softened. The company is diversifying into ready-to-drink beverages and targeting specific occasions to drive sales.
As crypto and prediction markets expand, their regulator shrinks
The Commodity Futures Trading Commission has experienced significant staff reductions and a steep decline in enforcement actions, limiting its ability to oversee rapidly expanding cryptocurrency and prediction markets.
Firmus: Nvidia-backed data centre firm scraps IPO as AI valuation concerns deepen
Nvidia-backed data centre firm Firmus has cancelled its planned initial public offering due to market volatility and valuation concerns, citing uncertain AI industry returns and investor scepticism.
Developing nations face triple shock from energy crisis, El Niño and borrowing costs, UN warns
Developing nations face converging crises from energy costs, El Niño climate impacts, and rising borrowing expenses, the UN warned at international finance meetings in Bangkok this week.
North East charities and businesses wrestle with diesel cost
Charities and businesses in the North East report severe financial strain as diesel prices exceed £2 per litre for the first time, driven by disruptions from the Iran war affecting global oil supplies.
What the Iran war has done to the world’s energy supply, in charts
A major energy conference proceeded in Riyadh despite a Houthi attack on the airport. The gathering addresses global energy disruptions from the Iran war affecting oil and gas supplies worldwide.
US forces disable ship ‘attempting to run’ Iran blockade in Gulf of Oman
US military forces disabled an Iranian-bound cargo vessel in the Gulf of Oman after it ignored warnings and attempted to breach a naval blockade, striking the ship’s stern with precision munitions.
Taiz hospitals near collapse as Houthis tighten siege: Yemen government
Yemen’s government warns Taiz hospitals face collapse due to Houthi siege, with medicine and fuel supplies critically depleted, threatening emergency care and putting vulnerable patients at risk.
Pakistan imposes emergency rule in province governed by Imran Khan’s party
Pakistan’s federal government invoked emergency rule in the northwestern Khyber Pakhtunkhwa province governed by Imran Khan’s PTI party, suspending provincial functions.