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Britain's Borrowing Outlook Darkens As Energy Shock Deepens
Britain's Borrowing Outlook Darkens As Energy Shock Deepens
Via City AM,
The OBR says it underestimated the fiscal damage from the 2022 energy shock and will apply those lessons to the latest Middle East-driven price surge.
Higher oil and gas prices could increase UK borrowing through debt interest, welfare payments, and pressure on departmental budgets.
The Bank of England has warned that a severe energy shock could push inflation above 6% and force tighter monetary policy.
Chancellor Rachel Reeves has been warned that government borrowing is set to spike as a result of the Iran...
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Aug 31, 2026 / Tyler Durden
One Dead, 15 Missing After "Significant" Flash Flood Rips Through Grand Canyon
One Dead, 15 Missing After "Significant" Flash Flood Rips Through Grand Canyon
The National Park Service said flash floods swept through a section of Arizona's Grand Canyon, leaving one person dead and 15 others unaccounted for.
⚠️ UPDATE: Significant flash flooding in Bright Angel Canyon has closed Phantom Ranch, Bright Angel Campground, the entire North Kaibab Trail to Phantom Ranch, Black Bridge, Silver Bridge and the Colorado River to river traffic until further notice.
As of this morning, 62 people… pic.twitter.com/oohovKcax9
— Grand Canyon NPS (@GrandCanyonNPS) August 30, 2026
Footage:
Hikers and campers scrambled for...
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Sep 7, 2026 / Tyler Durden
Huawei Crashes Apple's Big Launch Week With $3,000 Trifold Smartphone
Huawei Crashes Apple's Big Launch Week With $3,000 Trifold Smartphone
Two days before Apple's big launch event on Wednesday, when the company is expected to debut its long-awaited foldable iPhone, Huawei Technologies and Xiaomi are unveiling their premium foldable smartphones.
Huawei on Monday unveiled its Mate XT 2, a trifold smartphone that unfolds into a 10.2-inch tablet. The starting price is $2,980, representing a 10% increase over its predecessor.
First unboxing of Huawei’s $3,000 Mate XT2
The second-gen tri-fold that turns into a 10.2 inch tablet pic.twitter.com/xDET4qM296
— ViralRush ⚡ (@ViralRushX) September 7, 2026
Yu...
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Feb 23, 2026 / Dave DeCamp
Report: Joint Chiefs Chairman Warns Trump of Significant Risks if US Attacks Iran
Updated on February 23, 2026, at 4:52 pm EST Chairman of the Joint Chiefs of Staff Gen. Dan Caine, the highest-ranking US military officer, has warned President Trump that there would be significant risks that come with attacking Iran, including the possibility of a protracted war, Axios reported on Monday. Two sources told Axios reporter […]
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