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Surprise fall in UK inflation to 2.5% eases pressure on Rachel Reeves | Inflation newsthirst.

UK inflation unexpectedly fell in December, handing some breathing space to the chancellor, Rachel Reeves, after a week of turbulence in financial markets. With the government under pressure on the economy, figures from the Office for National Statistics showed the consumer prices index eased to 2.5%, below a reading of 2.6% in November, meaning prices…

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Trump to create External Revenue Service for tariff collection newsthirst.

U.S. President-elect Donald Trump makes remarks at Mar-a-Lago in Palm Beach, Florida, U.S. Jan. 7, 2025.  Carlos Barria | Reuters President-elect Donald Trump on Tuesday said he will create an “External Revenue Service” to collect “Tariffs, Duties and all Revenue from Foreign sources.” Trump did not give any further details about the proposed government entity….

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Yoon Suk Yeol becomes South Korea’s first sitting president to be arrested newsthirst.

Reuters Yoon is the first sitting South Korean president to be arrested South Korea’s Yoon Suk Yeol has become the country’s first sitting president to be arrested, ending a weeks-long standoff between investigators and his personal security. Yoon, whose failed attempt to impose martial law plunged the country into turmoil and saw him impeached by…

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Mark Wiedman, BlackRock exec thought to be Fink’s successor, is leaving newsthirst.

Mark Wiedman, head of BlackRock’s global client business, attends the Global Financial Leaders’ Investment Summit, in Hong Kong, Nov. 8, 2023. Tyrone Siu | Reuters Mark Wiedman, a senior BlackRock executive with a tenure that spans more than 20 years, is leaving the asset manager, according to a person familiar with the matter. Wiedman, head…

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Queensland health system in crisis with wait times for specialists the longest in nine years, audit shows | Queensland newsthirst.

Queensland’s health system is in need of urgent reform after years of systemic breakdowns across infrastructure, cybersecurity and patient care, a new audit has revealed. The Queensland Audit office’s latest report highlights a sector facing critical challenges with mounting costs, worsening wait times and underwhelming performance on preventable hospital admissions. The backlog of hospital maintenance…

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