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...Subsequently, the Department for Levelling Up, Housing and Communities announced it was forming a Cambridge “growth company” to give central government a role in tackling development issues....
...On Thursday, foreign minister Hossein Amirabdollahian had told the UN Security Council that Iran’s “minimal” and “proportionate” attack had “terminated”....
...“We are not Switzerland, we are the euro area and can operate independently without worrying about the exchange rate,” one ECB governing council member told the Financial Times, referring to the Swiss central...
...The amendment also set limits on the power of the presidency and makes the president of the council of ministers the most powerful person in government....
...Warrington is just one of a swath of UK local councils that have borrowed from central government and then ploughed the proceeds into speculative ventures, in a risky bid to close the gap from swingeing...
...Lucy Nethsingha, Liberal Democrat leader of Cambridgeshire county council, added that Gove’s top-down intervention risked making development slower, not faster....
...But experts in local government have pointed to the wider national picture, with other councils in a similar position after successive Conservative administrations cut central government funding to the bone...
...Gove intervened and rejected M&S’s plans to rebuild its flagship store in central London in July, two years after planning was approved by Westminster City Council....
...Below are my thoughts on what this and other recent developments mean....
...Carsten Brzeski, an economist at Dutch bank ING, said: “Wage developments remain key and as long as the economy doesn’t fall off a cliff, the ECB will sit tight next week, waiting for more data and the June...
...The China Development Bank is primarily responsible for making infrastructure loans and is under direct supervision of the State Council, the country’s cabinet....
...Rising car use meant either it or Blackpool North had to go, and the council wanted Central’s prime site for development, which turned out to mean a vast car park, so there was a void in the middle of town...
...Officials gather for the EU-US Trade and Technology Council meeting in Leuven....
...Today’s top stories The US used a UN security council resolution to call for an immediate six-week ceasefire in Gaza as part of a hostage deal. The proposal was vetoed by Russia and China....
...The most egregious example was London’s decision to replace EU development financing, which before Brexit was administered at a devolved level, with a new “shared prosperity fund” run by central government...
...We’re also due a stream of central bank speakers, alongside monetary policy meeting minutes from the Fed, the European Central Bank and the Reserve Bank of Australia....
...Beijing will encourage Taiwanese companies operating in Fujian to list on mainland stock exchanges, according to a joint statement from the central party committee and state council....
...Local property developer Rushbond, which also owns the Leeds Corn Exchange shopping mall, will collaborate on the development....
...Many ECB governing council members still treat their own forecasts with a heavy dose of scepticism....
...“I’m not worried about what I see in wages,” an ECB governing council member told the Financial Times after Thursday’s meeting, when the central bank held rates at a record high of 4 per cent....
...“The biggest risk from these developments is that this is seen as the most unfair election in Pakistan’s history.”...
...UK development minister Andrew Mitchell condemned the “appalling killing” during his meeting with Israel’s ambassador Tzipi Hotovely....
...In 2021, the South Tees Development Corporation, the public authority chaired by Houchen, gave the developers 90 per cent ownership of the Teesworks development vehicle for no cash consideration....
...China says its total central and local government debt is less than 51 per cent of GDP....
...The South Tees Development Corporation, the Houchen-chaired body tasked with preparing the site for development, began building the roundabout in 2018....
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