Bank

Trump says he’s firing Fed Gov. Lisa Cook, opening new front in fight for central bank control

President Trump said Monday night that he’s firing Federal Reserve Gov. Lisa Cook, an unprecedented move that would constitute a sharp escalation in his battle to exert greater control over what has long been considered an institution independent from day-to-day politics.

Trump said in a letter posted on his Truth Social platform that he is removing Cook effective immediately because of allegations that she committed mortgage fraud. Bill Pulte, a Trump appointee to the agency that regulates mortgage giants Fannie Mae and Freddie Mac, made the accusations last week.

Pulte alleged that Cook had claimed two primary residences — in Ann Arbor, Mich., and Atlanta — in 2021 to get better mortgage terms. Mortgage rates are often higher on second homes or those purchased to rent.

Trump’s move is likely to touch off an extensive legal battle that will probably go to the Supreme Court and could disrupt financial markets, potentially pushing interest rates higher.

The independence of the Fed is considered critical to its ability to fight inflation because it enables it to take unpopular steps such as raising interest rates. If bond investors start to lose faith that the Fed will be able to control inflation, they will demand higher rates to own bonds, pushing up borrowing costs for mortgages, car loans and business loans.

Legal scholars noted that the allegations are likely a pretext for the president to open up another seat on the seven-member board so he can appoint a loyalist to push for his long-stated goal of lower interest rates.

Fed governors vote on the central bank’s interest rate decisions and on issues of financial regulation. Although they are appointed by the president and confirmed by the Senate, they are not like Cabinet secretaries, who serve at the pleasure of the president. They serve 14-year terms that are staggered in an effort to insulate the Fed from political influence.

No president has sought to fire a Fed governor before. In recent decades, presidents of both parties have largely respected Fed independence, though Richard Nixon and Lyndon Johnson put heavy pressure on the Fed during their presidencies — mostly behind closed doors.

Still, that behind-the-scenes pressure to keep interest rates low, the same goal sought by Trump, has widely been blamed for touching off rampant inflation in the late 1960s and ‘70s.

The announcement came days after Cook said she wouldn’t leave despite Trump previously calling for her to resign. “I have no intention of being bullied to step down from my position because of some questions raised in a tweet,” Cook said in a previous statement issued by the Fed.

Senate Democrats had expressed support for Cook, who has not been charged with wrongdoing.

Another Fed governor, Adriana Kugler, stepped down unexpectedly Aug. 1, and Trump has nominated one of his economic advisors, Stephen Miran, to fill out the remainder of her term until January.

“The Federal Reserve has tremendous responsibility for setting interest rates and regulating reserve member banks. The American people must have the full confidence in the honesty of the members entrusted with setting policy and overseeing the Federal Reserve,” Trump wrote in a letter addressed to Cook, a copy of which he posted online. “In light of your deceitful and potentially criminal conduct in a financial matter, they cannot and I do not have such confidence in your integrity.”

Trump argued that firing Cook was constitutional, even if doing so will raise questions about control of the Fed as an independent entity.

“The executive power of the United States is vested to me as President and, as President, I have a solemn duty that the laws of the United States are faithfully enacted,” the president wrote in the letter to Cook. “I have determined that faithfully enacting the law requires your immediate removal from office.”

Among the unresolved legal questions are whether Cook could be allowed to remain in her seat while the case plays out. She may have to fight the legal battle herself, as the injured party, rather than the Fed.

In the meantime, Trump’s announcement drew swift rebuke from advocates and former Fed officials who worry that Trump is trying to exert too much power and control over the nation’s central bank.

“The President’s effort to fire a sitting Federal Reserve Governor is part of a concerted effort to transform the financial regulators from independent watchdogs into obedient lapdogs that do as they’re told. This could have real consequences for Americans feeling the squeeze from higher prices,” Rohit Chopra, former director of the Consumer Financial Protection Bureau, said in a statement.

It is the latest effort by the administration to take control over one of the few remaining independent agencies in Washington. Trump has repeatedly attacked the Fed’s chair, Jerome H. Powell, for not cutting its short-term interest rate, and even threatened to fire him.

Forcing Cook off the Fed’s governing board would provide Trump an opportunity to appoint a loyalist. Trump has said he would appoint only officials who would support cutting rates.

Powell signaled last week that the Fed may cut rates soon even as inflation risks remain moderate. Meanwhile, Trump will be able to replace Powell in May 2026, when Powell’s term expires. However, 12 members of the Fed’s interest-rate-setting committee have a vote on whether to raise or lower interest rates, so even replacing the chair might not guarantee that Fed policy will shift the way Trump wants.

Rugaber and Weissert write for the Associated Press.

Source link

Bank Holiday revellers are all smiles as they don fancy dress & kick off three-day weekend with booze-fuelled Otley Run

BANK Holiday revellers donned fancy dress at the booze-fuelled Otley Run as they kicked off celebrations for the three-day weekend.

Hundreds of rowdy drinkers took to the streets in their best and brightest for the famous pub crawl with pals.

Women in cowboy hats and boots participating in a pub crawl.

9

Cowgirls and toothpaste tubes make an appearance at the famous Otley RunCredit: NB PRESS LTD
Three people in costumes at a pub crawl.

9

The Fantastic Four also made an appearanceCredit: NB PRESS LTD
Group of women in white dresses and veils participating in a pub crawl.

9

One group of girls were kitted out in wedding dresses for the occassionCredit: NB PRESS LTD
A man carrying a laughing woman during a pub crawl.

9

The Joker also took to the boozy trail this weekendCredit: NB PRESS LTD
Group of people in costume at a pub crawl.

9

Revellers were dressed in their best and brightest for the long-weekend celebrationsCredit: NB PRESS LTD

The booze trail is seen as a rite of passage for many and happens multiple times a year attracting thousands.

James Bond, Ginger Spice and the Fantastic Four were all out in force as they trekked all 17 venues on the trail.

The iconic Otley Run starts at Woodies pub in Far Headingly and finishes at The Dry Dock at the edge of Leeds city centre.

The aim of the game is to have a drink in each of the 17 pubs along the way.

One group of girls were all spotted wearing bridal gowns and wedding dresses

While another group donned cowboy hats and colourful dresses for the West Yorkshire drinkathon.

Another girl was even snapped all smiles in a toothpaste tube outfit.

The lads were also dressed up for the Bank Holiday bonanza as James Bond and The Joker with others wrapped in St George flags wielding swords as English knights.

Others were kitted out in lederhosen with one even spotted with a traffic cone on his head – but that might just be the booze talking.

Pirates, princesses and policewomen alike were also spotted in the excited crowds as they enjoyed the three-day weekend.

Participants begin at Woodies before swilling snifters at 15 other watering holes during the challenge, which takes place several times a year.

Drinkers sip a final brew at the aptly named Dry Dock – a narrow boat-turned-pub.

The list of boozers you’re supposed to stop at has changed over the last few years but still stands at 17 strong.

Punters are tasked with a drink at every stop in their best fancy dress with themes ranging from the simple to the outlandish.

It’s particularly popular among students and locals in Leeds and is often a vibrant and chaotic journey through some of the city’s most beloved watering holes.

Revellers often opt for superheroes, animals, or film characters but, honestly, anything goes.

It can often make for hilarious encounters as multiple themes and characters all mingle in one pub.

People in cowboy costumes participating in a pub crawl.

9

Cowboy hats were all the rage this yearCredit: NB PRESS LTD
Revellers at a pub crawl.

9

Hundreds of rowdy drinkers take to the streets this weekendCredit: NB PRESS LTD
Three women in costume at a pub crawl.

9

The booze trail is seen as a rite of passage for manyCredit: NB PRESS LTD
A man with a traffic cone on his head and a woman in dirndl garb during a pub crawl.

9

Some outfits had some interesting additionsCredit: NB PRESS LTD

Source link

Israeli military uproots thousands of Palestinian olive trees in West Bank | Israel-Palestine conflict News

Israeli destruction in al-Mughayyir near Ramallah is part of push to forcibly displace Palestinians, researcher says.

The Israeli military has destroyed about 3,000 olive trees in a village near Ramallah in the occupied West Bank, the head of the local council says, as Palestinians face a continued wave of violence across the territory in the shadow of Israel’s war on Gaza.

The Israeli military issued an order on Saturday to uproot olive trees in a 0.27sq-km (0.1sq-mile) area in al-Mughayyir, a village of about 4,000 residents northeast of Ramallah.

The army justified the measure by saying the trees posed a “security threat” to a main Israeli settlement road that runs through the village’s lands.

The destruction was carried out as al-Mughayyir has been under lockdown since Thursday after an Israeli settler said he was shot at in the area.

The deputy head of the village council, Marzouq Abu Naim, told Palestinian news agency Wafa that Israeli soldiers had stormed more than 30 homes since dawn on Saturday, destroying residents’ property and vehicles.

For decades, the Israeli military has uprooted olive trees – an important Palestinian cultural symbol – across the occupied Palestinian territory as part of the country’s efforts to seize Palestinian land and forcibly displace residents.

The West Bank also has seen a surge in Israeli military and settler violence since Israel launched its war on Gaza in October 2023, and tens of thousands of Palestinians have been forced out of their homes.

Palestinian men collect wheat in al-Mughayyir village near Ramallah
Palestinian men collect wheat after an attack by Israeli settlers in al-Mughayyir in May [File: Mohammed Torokman/Reuters]

More than 2,370 Israeli settler attacks against Palestinians have been reported across the area from January 2024 to the end of July this year, according to the latest figures from the United Nations Office for the Coordination of Humanitarian Affairs (OCHA).

The highest number of attacks – 585 – was recorded in the Ramallah area, followed by 479 in the Nablus region in the northern West Bank.

At least 671 Palestinians, including 129 children, also have been killed by Israeli forces and Israeli settlers across the West Bank in that same time period, OCHA said.

The Israeli military did not immediately respond to Al Jazeera’s request for comment on Saturday on the uprooting of the olive trees in al-Mughayyir.

Hamza Zubeidat, a Palestinian researcher, said the destruction is part of Israel’s “continuous” effort to force Palestinians off their lands.

“We have to be clear that since 1967, Israel is still implementing the same plan of evicting the Palestinian population from the countryside and the cities of the West Bank. What’s going on right now is just a continuous process of this eviction of Palestinians. It’s not a new Israeli process,” Zubeidat told Al Jazeera.

He noted that al-Mughayyir has a long agricultural history and, like other villages in the West Bank, relies almost entirely on agriculture and livestock as its main source of income.

“This area where more than 3,000 olive trees [were] uprooted is one of the most fertile areas in this part of the Ramallah area,” Zubeidat explained.

“Uprooting trees, confiscated water springs, blocking and preventing Palestinians from accessing their farms and water sources means more food and water insecurity.”

Source link

Bank holiday warning as three habits could make Brits targets for criminals abroad

Travel experts have warned that doing these seemingly innocent things could expose people to unnecessary risks

Young woman tourist focusing on a map is unaware as a thief's hand reaches for her phone in an urban setting
Brits are unwittingly making criminals known of their whereabouts on holiday(Image: Prostock-Studio via Getty Images)

Travel experts have warned Brits doing three common habits during the bank holiday could leave them exposed to criminals. In the modern digital era, it’s become almost instinctive to post holiday pictures on Instagram or Facebook.

However, while sharing updates may seem innocuous, divulging too much online while you’re away can leave you vulnerable to unnecessary risks. From burglaries at home to identity theft, certain types of posts can make you an easy prey for criminals.

Travel experts at Ski Vertigo reveals the top three things you should never disclose online during your trip – and why holding off until you’re safely back home could be a wiser decision.

1. Your precise location in real time

Disclosing your location, whether through tagged posts, check-ins, or live updates, is one of the easiest blunders you can make while travelling. Criminals often scour social media for hints and a public post showing you are hundreds of miles away could signal to burglars that your house is vacant.

But the perils don’t end there. Revealing your location while abroad could put you in danger if opportunistic thieves nearby see where you are. For example, tagging a restaurant, pub or even your hotel might make it easier for strangers to trace your movements.

“Even if you believe only friends can see your updates, remember that posts can easily be reshared, or your account might not be as private as you think,” explains a spokesperson from Ski Vertigo. “By broadcasting your location in real time, you are essentially telling the world your home is unattended – and also where to find you.”

Instead, the experts suggested posting snaps after your return or delaying uploads. This way, you can still relish sharing your adventure without endangering your property or personal safety.

Two confident young woman stop in a street in Italy. They pose together as they take a selfie on a mobile smart phone. The famous Positano landscape is visible behind them.
Selfies could give away your location to thieves(Image: Catherine Falls Commercial via Getty Images)

2. Photos of travel documents and tickets

It might be alluring to share a swift snapshot of your boarding pass or passport as a means of displaying enthusiasm, but this can be a big security blunder. Travel documents contain sensitive personal information that can be exploited by identity thieves or fraudsters.

Even seemingly trivial details – such as a booking reference number or barcode – can be used by criminals to access your travel itinerary, cancel flights, or even alter your seat. Once your details fall into the wrong hands, the consequences can swiftly cause chaos for your trip.

Ski Vertigo’s experts said: “We have seen cases where travellers accidentally gave away enough information in a single photo for someone to interfere with their trip. A boarding pass should never be treated like a souvenir. Keep it secure and private.”

A safer option is to photograph luggage, airport architecture or even your in-flight meal if you still wish to capture the thrill of departure without endangering yourself.

A UK passport on a bed with a boarding card ready for packing for a golf trip. Huntingdon, Cambridgeshire, UK.
It’s not wise to take a snap of your travel documents(Image: Alphotographic via Getty Images)

3. Expensive purchases or valuables

Another frequent habit is flaunting luxury items during your travels. Sharing photos of costly jewellery, designer shopping bags, or premium gadgets makes you stand out as a potential target for theft.

Criminals in tourist hotspots frequently exploit social media to monitor visitors who flaunt expensive items online. Even if you exercise caution in person, digital oversharing could undermine your attempts to remain secure, reports Galway Beo.

Thieves may not only set their sights on you while abroad, but also make mental notes of your possessions back home. Ski Vertigo warned: “Displaying expensive items online is like walking around with a sign saying, ‘I am carrying something valuable’. It can attract unwanted attention both abroad and back home.”

If you wish to share photographs, concentrate on scenery, cultural encounters, or cuisine – moments that highlight your travels without broadcasting affluence.

Hand of young woman searching location in map online on smartphone.
Tagging your location is a major red flag(Image: Thx4Stock via Getty Images)

Real-life consequences

The perils of oversharing while travelling extend beyond mere theory. Countless instances exist of burglars breaking into properties after spotting social media updates confirming the occupants were overseas.

Some travellers have experienced flight disruptions after criminals gained access to booking information through posted boarding passes.

Others have been pursued in real time, with crooks pinpointing their precise whereabouts through geotagged uploads.

In one documented incident, holidaymakers were stalked back to their accommodation after sharing a photograph from a neighbouring establishment – a sobering illustration of how rapidly online details can manifest into real problems. Scammers often exploit overshared details to their benefit.

A simple photograph of a passport or ticket can provide fraudsters with enough information to initiate phishing attacks, impersonate travellers, or deceive family members into sending money through counterfeit “emergency” messages.

One of the most prevalent strategies is dispatching urgent alerts that seem to originate from airlines, hotels or banks. These messages allege there’s a problem with your booking or payment, pressuring you to “confirm” details or re-enter credit card numbers.

Once scammers are aware you’re overseas, these fake alerts become significantly more persuasive – and considerably more risky.

Tips to avoid oversharing blunders

The silver lining is that ensuring safety doesn’t mean you have to cease sharing entirely. Ski Vertigo suggests the following precautions:

  • Post later, not live – Share your updates after you’ve returned home, or at least postpone uploads until you’ve left a location
  • Check your privacy settings – Make sure your accounts are set to private and restrict your audience to trusted friends
  • Avoid geotags and check-ins – Deactivate automatic location services in apps to prevent revealing your whereabouts
  • Think before you post – Consider if a stranger could use this photo or detail against you
  • Reserve document photos for private use only – If you need copies of travel documents, store them securely on your phone or in cloud storage, never on a public platform

By steering clear of these three frequent blunders, holidaymakers can still relish capturing their getaway memories while keeping themselves out of danger’s path. Bear in mind – the fewer personal details you broadcast in real time, the more secure your journey will be.

“Travelling should be about relaxation, discovery, and enjoyment,” Ski Vertigo said. “A few simple precautions online can make the difference between a holiday you remember for the right reasons, and one that is overshadowed by problems you could have avoided.”

Source link

Amazon shoppers love this ‘incredibly fast-charging’ £140 power bank – now just £26

AMAZON has cut the price of a heavyweight charging essential, and it’s proving popular.

The Ohoviv Fast Charging Power Bank usually retails for £139.99, but is now just £25.99.

This top-rated portable charger has been cut by 81%

1

This top-rated portable charger has been cut by 81%Credit: Amazon

Ohoviv Fast Charging Power Bank, £139.99 £25.99

That’s a huge 81% off, and this isn’t just any old backup charger. 

With a mammoth 26,800mAh capacity, the Ohoviv Power Bank is built to keep your devices alive for days on end.

It supports 22.5W fast charging via USB-A and 20W via Type-C, so the latest iPhone 16 can climb to 50% in just half an hour. 

That’s serious power in your pocket, with enough ports to charge three devices at once, so you can top up your phone, the kids’ tablet, or your earbuds simultaneously.

Despite all that muscle, the Ohoviv remains surprisingly practical, with a bright LED display that shows you exactly how much juice is left in the tank.

Built-in safety features keep voltage, current, and temperature under control, so your phone stays protected.

Amazon reviewers have been quick to sing its praises, with one shopper raving: “It charges my iPhone 15 and my partner’s Galaxy phone incredibly fast. 

They continued, “I love that I can charge two devices at once. Despite its powerful capacity, it’s lightweight and compact.”

Another added, “Easy to carry as it’s not heavy, and doesn’t overheat when in use it. I love the screen that shows its battery life and the overall design.”

While a third wrote, “Good capacity, lasted well and charged my phone for 3 nights without needing recharging.”

It’s little wonder the Ohoviv has racked up a near-perfect 4.9 out of 5-star average rating, with more than 500 units sold in the past month alone.

But it’s not the first time we’ve seen a steal like this.

Just this week, I spotted Amazon slashing the Xinwld wireless headphones from £140 to a bargain £22.

But for more top-rated chargers, check out my tried and tested guide to the best power banks UK.

Ohoviv Fast Charging Power Bank, £139.99 £25.99

Source link

Primark August Bank Holiday opening times: What time are stores open on the 25th?

PRIMARK is one of the UK’s leading high street retailers, famous for its cool clothing and budget-friendly prices.

Here’s everything you need to know about the fast fashion giant’s opening hours over the August Bank Holiday.

people are walking in front of a store called primark

1

Primark fans will want to know if it is open over the August Bank HolidayCredit: Alamy

Is Primark open during the August Bank Holiday?

Primark‘s business hours may be affected by the August Bank Holiday in 2025 — but fear not, most of you will still be able to get your shopping done.

On August 25, many Primark stores in England and Wales will be open between 8am and 8pm, while the majority of stores in Scotland will be open from 8am to 10pm.

Some locations in England, including Lakeside and OXford Street, will also open 8am to 10pm.

Other Primark stores are operating between 9am and 5pm, while others are open from 9am to 7pm, so it’s really worth checking beforehand.

more august bank holiday news

There are no national opening times for Primark, so shoppers should find out their local store’s timetable, which can be done in store.

You can also check out Primark’s app and store locator tool — www.primark.com/en-gb/stores — for further information.

There are some great buys you don’t want to miss out on.

Fashion fans are sure to be racing to their nearest Primark for one of their latest offerings — a plain T-shirt that has the added function of cinching you in at the waist for only £8.

Primark has also jumped on the FARM Rio trend, which has been praised for its incredible prints and 3D sculpted clothing.

Not to mention, there’s an epic outdoor toy sale that will ensure your children will have hours of fun, without you needing to break the bank.

And some buys that have been slashed down to as little as just 50p.

Primark fans are running to snap up new PJ range – it’ll take you back to the early 2000s and it’s perfect for stocking fillers

To make things easier, the retailer’s click & collect service is also now available in all its stores across Great Britain.

Primark’s incredible journey

Primark first opened its doors in June 1969 under the name Penneys, before opening up stores across Ireland.

As the brand grew in size, the American chain JC Penney objected to the use of the Penneys name.

This forced the Irish brand to rename its England stores Primark.

The name was chosen because “prima” is Italian for “first” and the owner hoped that the brand would make a “mark”.

Primark has become one of the most popular shops on the high street and now has 192 stores in the UK, as of December 2024.

Which bank holidays are coming in 2025?

There are several bank holidays for everyone to look forward to in 2025.

England and Wales

  • August 25, 2025 – Summer bank holiday
  • December 25, 2025 – Christmas Day
  • December 26, 2025 – Boxing Day

Scotland

  • August 25, 2025 – Summer bank holiday
  • December 1, 2025 – St Andrew’s Day (substitute day)
  • December 25, 2025 – Christmas Day
  • December 26, 2025 – Boxing Day

Northern Ireland

  • August 25, 2025 – Summer bank holiday
  • December 1, 2025 – St Andrew’s Day (substitute day)
  • December 25, 2025 – Christmas Day
  • December 26, 2025 – Boxing Day

Bank holiday opening times for your fave shops

Make sure you read this before heading out on a bank holiday.

Get all the other opening times and bank holiday news here.

Source link

Israel freezes bank accounts of Greek Orthodox Patriarchate in Jerusalem over property tax dispute – Middle East Monitor

Israeli authorities froze all bank accounts of the Greek Orthodox Patriarchate in Jerusalem over a long-standing property tax dispute, escalating tensions with Christian institutions in the occupied city, local media said on Thursday, Anadolu reports.

A statement by Protecting Holy Land Christians, a group founded by Theophilos III, the Greek Orthodox Patriarch of Jerusalem, said the freeze has left the Patriarchate unable to pay salaries to clergy, teachers, and staff.

The Times of Israel news outlet said the freeze, enacted on Aug. 6, stems from the Jerusalem Municipality’s push to collect Arnona, a property tax, on church-owned properties used for non-religious purposes, such as guesthouses and coffee shops.

The municipality claimed that the measure followed “efforts at dialogue and engagement” that failed because the Patriarchate “ignored letters from the municipality demanding payment.”

“Administrative enforcement measures were taken against the Greek Patriarchate because it failed to settle its property tax debts for assets not used as houses of worship,” its spokesperson office said.

“This was done despite efforts at dialogue and engagement with them, and in light of their ignoring letters from the municipality demanding payment.”

A decades-long agreement had historically exempted churches from such taxes, but in 2018, the city narrowed the exemption to properties used solely for prayer, religious teaching, or related needs, seeking tens of millions of shekels in back taxes.

The dispute echoes a 2018 clash when then-mayor Nir Barkat froze church accounts, prompting a three-day closure of the Church of the Holy Sepulchre in protest. The municipality relented after intervention by Prime Minister Benjamin Netanyahu. Tensions have since flared periodically over specific properties and activities.

Source link

Holiday expert reveals exact time to book your tickets for August bank holiday flights & how you can save hundreds

HOLIDAY experts have revealed the exact time and date Brits should book their tickets ahead of the August bank holiday to save hundreds of pounds.

It’s not too late to book last-minute flight tickets for holiday trips over the August bank holiday weekend.

British Airways Airbus A319 in flight.

1

The day and time flights are likely to be cheaper for the bank holiday has been revealedCredit: Getty

Brits can still find ways to get out of the country that won’t blow the budget for the weekend of August 25.

This includes trips to classic European escapes and hotspots like Disneyland Paris.

Ticket experts have analysed pricing data and industry travel trends.

CEO of AttractionTickets, Oliver Brendon, explained: “It’s easy to assume the early bird always gets the deal.

“In reality, travel companies adjust fares repeatedly based on demand, and we see opportunities appear even in the final days before departure.

“There’s still time to save on last-minute August bank holiday travel if you know when to book.”

Brendon reveals the trick to finding value no matter how late the purchase is made.

Through review of historic pricing, as well as industry reports, Sundays have been found to regularly deliver the lowest average booking prices.

This is because airlines adjust seat availability and prices over the weekend.

Therefore, holidaymakers who plan to book on Sundays can more often find a better deal and pay significantly less than those who book on other days.

3 tips to help you get the cheapest flights when booking holidays

Furthermore, Fridays have been found to be time to avoid as it is the time when prices tend to spike due to increasing demand.

A clear morning advantage has also been found through analyses.

Around 6am is when the fresh fares tend to show up, so it is good to get in early before search traffic ramps up into the day.

So those looking to book a getaway from the bank holiday this month should set their alarms for Sunday morning.

Oliver adds 6am on Sunday, August 17 “both sit within the sweet spot before the long weekend and will give you a chance at potentially unlocking better pricing.”

This timing tip comes from expert insights and data-driven research from travel and ticketing platforms.

It also focused on last-minute booking trends by travellers in the UK.

The advise follows suggestions from CEO of Ryanair, Michael O’Leary, who said flights could also be booked cheaper in the first two months of the year.

Winter months are believed to be the best time of the year to find cheap air fares, as well as just before the peak of school holidays.

Another study looked in to the best time to book flights for certain destinations.

For Faro in Portugal, the cheapest flights for the summer holidays were found to be just five weeks before travelling.

And for long-haul flights like to New York, the best time was found to be June to book for an August vacation.

Other tips for saving money on flights

Here are some of the best ways you can save money on flights


Mistake Fares

A mistake fare is essentially an error that occurs when airlines or travel agents accidentally list the wrong price for a flight.

It might happen when airline staff accidentally leave out a zero — or two — while listing the cost of a ticket online.

While the odds of airlines making these mistakes are fairly low, such incidents do occur from time to time — and travellers can save hundreds of pounds by just keeping an eye out.

However, they will have to be quick as airlines will remove these prices as soon as they spot the mistake.

Being flexible

Being fussy about where you go on holiday can reduce your options for saving money.

Going on Google Flights and clicking on the map instead of searching for a specific destination will show you the cheapest rates to a number of cities.

That way you can make sure you head to the most affordable destination, or at least choose somewhere with cheap flights.

Avoid pricey luggage additions

Most airlines now charge extra for passengers to check luggage in during their flights and it’s much more affordable to fly with just carry-on.

So practice packing before you fly and make sure you can squash everything into a case or bag that will fit in the airline’s hand luggage rules — it could save you a fair amount.

Source link

Smotrich announces Israeli plan to split occupied West Bank in half | Israel-Palestine conflict

NewsFeed

“This reality definitively buries the idea of a Palestinian state.” Far-right Israeli Finance Minister Bezalel Smotrich announced a plan to effectively split the occupied West Bank in half, approving thousands of new Jewish settler homes between occupied East Jerusalem and the Maale Adumim settlement.

Source link

The day Israeli settlers lynched two young men in the West Bank | Interactive News

Rizik ran on. Next to him was a young man who spoke to Al Jazeera later, requesting anonymity for his safety.

He said Rizik fell while jumping over a stone wall, hurting his legs, but that when they saw two boys who needed help, Rizik joined the young man in carrying them to safety.

But then Rizik and his friend found themselves surrounded by settlers.

They ran, but just as he dove for cover in the bushes, the friend saw a settler shoot Rizik in the chest.

“The settlers started shouting: ‘Yes! I got you!’” he recalled, describing how several settlers gathered around Rizik as he lay on the ground.

At about the time of the shooting, Rizik had called his family, but the family told others the call lasted only seconds, with no response from Rizik, although they heard shouts in Hebrew in the background.

Rizik’s friend ran for his life down the side of the mountain, heading east.

At 3:18pm, he sent a panicked voice message to local WhatsApp groups, begging for help: “Someone’s been martyred!” he beseeched.

[Audio]: Witness to Muhammad Rizik al-Shalabi’s shooting, believing he’s been killed and sending a voice message calling for help.

Later reconstructions estimated that Rizik may have still been alive at the time, but he was dead by the time search parties were able to access the area to look for him.

Meanwhile, Saif and others were running for their lives further south, headed towards Ain al-Sarara.

As family members confirmed to Al Jazeera, one of those young men was caught along the way and tied up by a gang of about nine settlers.

Witnesses say the settlers repeatedly smashed the young man in the knee with their weapons, then dragged him, tied up, into a car and shot bullets all around him.

Then they threw him to the ground over and over, until the young man was begging them to kill him.

“They said: ‘I’m not going to kill you,’” a friend recalled on TikTok. “‘I’m going to chop off your arms and your legs and throw you on the side of the road like a dog.’”

According to Sinjil activist Ayed Ghafari, among the settlers was Yahariv Mangory, reportedly the leader of the outpost builders in al-Baten, who was carrying an M16 rifle.

Mangory later identified himself in an interview with Israel’s Channel 14 as the “owner” of the al-Baten outposts.

Saif and the others had managed to go up a hill, but at about 3:30pm, they were met by a group of settlers coming downhill and attacked them from above, according to Ghafari, who spoke with the young men.

The settlers were pelting the young men with rocks, with occasional bullets zooming past them as they made their way down the hill.

A settler hit Saif square in the back with a rock, toppling him. He was instantly surrounded by a group of settlers who beat him with clubs and sticks all over, according to witnesses.

Dazed, Saif staggered to his feet after the settlers stopped beating him, heading south down the hill until he came across a big oak tree where a young Palestinian man was hiding.

Battered, he sank to the ground there for the next two and a half hours as the young man tried to reach out to people from Mazraa, asking for help.

Saif was vomiting and struggling to breathe, his condition worsening by the minute.

That was when Muhammad caught word that his big brother was in trouble.

Interactive_WestBank_Lynching_gfx5
(Al Jazeera)

Source link

Israel endorses new West Bank settlement to scupper Palestinian state

1 of 3 | Israel’s Finance Minister, Bezalel Smotrich, told a press conference in the West Bank on Thursday that he would remove the shackles from a controversial new settlement just East of Jerusalem, primarliy because it would put paid to the decades-long quest for a Palestinian state. Photo by Debbie Hill/ UPI | License Photo

Aug. 14 (UPI) — Israel announced plans Thursday to revive a shelved a 3,400-home development in the West Bank that would seal it off from East Jerusalem and partition the occupied territory, effectively sinking the possiblilty of a Palestinian state.

Finance Minister Bezalel Smotrich, a far-right cabinet member who is under international sanctions and investigation by the International Criminal Court over the expansion of illegal Israeli settlements, said the so-called E1 project would “bury the idea of a Palestinian state.”

The proposed development between East Jerusalem and Ma’ale Adumim, another Israeli settlement, has been on ice for more than a decade due to the international community’s opposition to the settlements, which are illegal under international law, and in particular E1 because of the risk to efforts to find a solution to the Palestinian question.

“After decades of international pressure and freezes, we are breaking conventions and connecting Ma’ale Adumim to Jerusalem. This is Zionism at its best — building, settling and strengthening our sovereignty in the Land of Israel,” Smotrich said.

Speaking at a news conference with settler leaders, Smotrich said the land in question was the rightful property of the Jewish people because it had been given to them by God.

The announcement came three days after Australia joined France, Canada, Britain, Portugal and Malta in pledging to recognize Palestinian statehood in September with Smotrich telling the BBC the nation they backed would never happen “because there is nothing to recognize and no one to recognize.”

Smotrich’s move drew on an identical playbook he and Defense Minister Israel Katz used in May when they signed off on 22 Jewish settlements, the most significant expansion of the Israeli presence in the occupied West Bank in decades.

The two ministers said the step granted the unofficial settlements with legal recognition from the government, with Katz saying it would “prevent the establishment of a Palestinian state that would endanger Israel.”

The May 29 move came hours after the governments of Ireland, Norway, Slovenia and Spain issued a joint communique reaffirming their commitment to the implementation of a two-state solution to the Israeli-Palestinian dispute.

Source link

Smotrich says illegal West Bank settlement ‘buries’ Palestinian state | Occupied West Bank News

The far-right minister said he will approve 3,000 new homes in the controversial E1 area project, hailing it as ‘Zionism at its best’.

Israel’s far-right Finance Minister Bezalel Smotrich has announced he will approve thousands of housing units in a highly controversial and long-delayed illegal settlement project in the occupied West Bank, saying the move “buries the idea of a Palestinian state”.

In a statement on Wednesday, Smotrich announced his intention to approve tenders to build more than 3,000 homes in the E1 area settlement project that would connect Jerusalem and the existing Israeli settlement of Maale Adumim, located several kilometres to the east.

“Approval of construction plans in E1 buries the idea of a Palestinian state and continues the many steps we are taking on the ground as part of the de facto sovereignty plan that we began implementing with the establishment of the government,” he said.

Smotrich, who is also a minister in Israel’s Ministry of Defence with broad responsibility for approving settlements in the occupied West Bank, hailed the project as “Zionism at its best”.

“After decades of international pressure and freezes, we are breaking conventions and connecting Maale Adumim to Jerusalem,” Smotrich added.

Israel Gantz, chairman of the Yesha Council – an umbrella organisation of illegal settlements in the West Bank – and head of the Binyamin Regional Council, also praised the “tremendous and historic achievement for the settlement movement”, according to Israel National News.

Gantz said it was a “true revolution in strengthening the settlement enterprise”, the outlet said.

Development of the E1 settlement – which is illegal under international law – has been frozen for decades.

Observers believe that its location will hinder the realisation of a future Palestinian state.

The planned settlement would effectively divide the occupied West Bank into northern and southern regions, preventing the establishment of a contiguous Palestinian territory connecting occupied East Jerusalem to major cities such as Bethlehem and Ramallah.

Israel postponed the plan in 2022 following US pressure. But in recent months, Prime Minister Benjamin Netanyahu’s far-right government has approved road-widening projects in the area and begun restricting Palestinian access.

Maale Adumim mayor Guy Yifrach praised the new settlement, saying it will “connect Maale Adumim to Jerusalem and serve as a Zionist response of settlement and nation-building”.

“The Palestinians aimed to establish a stranglehold through illegal construction – this project will thwart that effort,” he said, according to Israel National News.

On Wednesday, Israeli anti-settlement watchdog Peace Now said a total of 4,030 new housing units had been approved in the occupied West Bank.

Some 730 are west of the existing Israeli settlement of Ariel, while 3,300 had been approved in a new Maale Adumim neighbourhood that will connect it “with the industrial zone to its east”.

“The 3,300 housing units in Maale Adumim represent an increase of about 33 percent in the settlement’s housing stock – an enormous expansion for a settlement whose population has been stagnant at around 38,000 for the past decade,” it said.

It added that the Maale Adumim extension raised “serious questions about the need for the E1 plan”.

Source link

Palestinian man killed in West Bank by Israeli soldier backing up settlers | Israel-Palestine conflict News

The occupied West Bank town’s mayor says Thamin Khalil Reda Dawabsheh killed as Israeli settlers attacked Palestinians.

A Palestinian man in the occupied West Bank has been shot dead in an attack instigated by Israeli settlers, according to the Palestinian Health Ministry as cited by the Wafa news agency.

Thamin Khalil Reda Dawabsheh, 35, was shot Wednesday morning in the town of Duma, south of Nablus, by an Israeli off-duty soldier who was accompanying “an Israeli civilian” near Duma “during engineering works”, the Israeli army said.

Earlier Palestinian reports of the attack had stated that Dawabsheh was killed by an Israeli settler.

According to the mayor of Duma, Palestinians in the town were “startled” by an Israeli settler attack, said Al Jazeera’s Nida Ibrahim.

“The settlers started assaulting a 14-year-old, leading many Palestinian men to go and try to defend him,” Ibrahim said.

Later, more armed settlers arrived, and they started shooting at the Palestinians, resulting in the death of Dawabsheh, “whose only crime was being on his land”, she added.

Suleiman Dawabsheh, the head of the Duma village council, said that settlers attacked Palestinians and opened fire on them in the southern part of the village, amid land-levelling operations that have been taking place in the area for days, Palestinian news agency Wafa reported.

Ibrahim said that Thamin Dawabsheh’s killing is part of a pattern of increased Israeli settler violence against Palestinians that is often filmed on camera.

“Every day, we stumble upon more videos showing how Israeli settlers are attacking Palestinians – intimidating them, shooting them, killing them. And they are not being held accountable by the Israeli authorities,” said Ibrahim.

The statement published by the Israeli army claimed dozens of Palestinians were hurling rocks towards the Israeli civilian and soldier, and “in response, the soldier fired to remove the threat, and a hit was identified”.

A deadly pattern of Israeli military, settler attacks

Recently, 31-year-old Palestinian activist and English teacher Awdah Hathaleen was shot dead by an Israeli settler on July 28 in the village of Umm al-Kheir, south of Hebron.

Hathaleen was well known for his activism, including helping the creators of the Oscar-winning film No Other Land, which documents Israeli settler and soldier attacks on the Palestinian community of Masafer Yatta.

Israeli settlers, protected by the Israeli military, are often armed and fire at will against Palestinians who try to stop them. They attack residents and burn property with impunity, rarely if ever facing legal consequences.

The Israeli military has also been intensifying its deadly raids, home demolitions and displacement campaigns in the West Bank.

Violent attacks by Israeli settlers and soldiers in the occupied West Bank have surged since October 2023, in tandem with Israel’s genocidal war in Gaza, with the United Nations reporting that almost 650 Palestinians – including 121 children – have been killed in the territory by Israeli forces and settlers between January 1, 2024 and the start of July 2025.

A further 5,269 Palestinians were injured during that period, including 1,029 children.



Source link

High street bank to axe lifeline service for ALL customers – what it means for your money

A BIG high street banking chain is axing a lifeline service for all customers within weeks.

M&S Bank is stopping customers from paying off their credit card bills in-store, by cheque, or using bank giro credit – a move campaigners say will make life harder for older and vulnerable people.

a m & s bank credit card sits on top of some money

1

M&S Bank currently offers credit cards, personal loans, travel insurance, store payment cards and a buy now pay later credit to over three million customersCredit: Alamy

The bank, run as a joint venture between HSBC and M&S since 2004, had already paused in-store credit card payments back in April.

Now, the decision has been made permanent, according to This is Money.

To make matters worse, a letter sent to customers confirmed that from October, payments by cheque or giro credit will no longer be accepted at banks, building societies, or post offices.

The decision has caused a stir, with critics claiming it’s yet another blow to older people who are being left behind in an increasingly digital world.

Baroness Ros Altmann, a pensions expert, said: “You’re pushing away your most loyal, older customers who’ve probably shopped with you for decades.

“It might only be a minority who use these methods, but with M&S Bank’s huge customer base, it’s still a lot of people.

“These changes tend to hit older folks hardest.

“Many don’t have access to online banking or smartphones, and some prefer cash to help them budget better.”

M&S Bank currently offers credit cards, personal loans, travel insurance, store payment cards and a buy now pay later credit to over three million UK customers.

Caroline Abrahams, Age UK’s charity director, also raised concerns.

Switch bank accounts for free perks

She highlighted research showing that 27% of people still manage their accounts through branches, while 31% feel uneasy about banking online.

“Reducing payment options will limit some older people, especially those who aren’t online or who prefer cash,” she said.

M&S Bank has defended the decision, saying only “1%” of customers use these older payment methods.

A spokesperson said: “Most customers are choosing to use digital channels for their banking needs.

“We’ve introduced a pay-by-bank option via the M&S Bank app, alongside direct debit and bank payments, to make things easier for them.”

They added that the axed options were “legacy payment methods” and pointed out that customers can still pay at a bank, but giro forms will no longer be printed with statements.

M&S Bank used to offer current accounts prior to 2021.

However, the bank closed this product offering on August 31, 2021, in a shock move that also resulted in the closure of all 29 in-store bank branches on July 2 of the same year. 

Since the shake-up, the bank has completely shifted its focus to credit cards, insurance and reward offerings.

M&S REWARDS POINTS

M&S Rewards Credit Card holders earn reward points with every purchase.

Points can then be converted into M&S rewards vouchers which can be spent in stores and online.

Cardholders earn one point for every £1 spent at M&S and for every £5 spent elsewhere, with 100 reward points equating to £1.

When you reach 200 reward points you will receive a rewards voucher, which are sent out every quarter.

Digital Rewards vouchers are usually available in your Sparks account in the M&S app or at marksandspencer.com in March, June, September and December.

Paper rewards vouchers are usually sent in February, May, August and November.

Paper rewards vouchers are valid for 15 months.

Digital rewards vouchers in your Sparks account are valid for 17 months.

What other banking changes are coming?

NatWest is making changes to its business current accounts by increasing fees for cash payments, cheque transactions, and certain online transfers.

From August 30, cash payments into and out of business accounts will see their fees surge from 70p per £100 to 95p per £100. 

Cheque payments, whether processed by hand or via mobile, will also jump from 70p to 75p per cheque.

The bank is also increasing some charges related to its BACS payment system.

The BACS system is a UK payment network used by businesses to make electronic bank-to-bank transfers, such as Direct Debits and Direct Credits.

The fee for processing each individual payment or instruction, will soon rise from 18p to 21p.

The cost to process a file containing multiple payments or instructions will also increase slightly from £5.25 to £5.35.

Meanwhile, Santander is closing its 123 Lite current account, which offers up to 3% cashback on household bills for a £2 monthly fee, on August 21.

Customers affected by the closure will be automatically switched to Santander’s Everyday Current Account.

This account has no monthly fee but does not include cashback benefits.

Plus, new customers applying for the bank’s Edge Credit Card will now face a monthly fee of £4, an increase from the previous £3.

Plus, customers of Lloyds Bank, Halifax and Bank of Scotland will soon lose the ability to deposit their cheques at any of the 11,500 Post Office branches nationwide.

From December 31 this year, Lloyds Banking Group will withdraw this service for all customers.

CREDIT CARD NEED-TO-KNOWS

NOT using a credit card effectively can wreak havoc on your finances and your credit score.

If you don’t keep up with repayments or default on your debt, you are likely to get a black mark on your credit record, which could affect your ability to get a credit card, loan or mortgage in the future.

It’s important not to let yourself get sucked into overspending.

You should always clear the full balance as soon as possible.

If you have a poor credit score, don’t bank on being approved for a card or getting the 0% deal you’d hoped for.

Card providers only have to give the advertised rate to 51% of applicants, so you could end up paying more interest than you bargained for.

After your 0% period is up, lenders can charge upwards of 40% interest, so if you have not repaid the debt fully by then, try to move the debt onto another 0% deal.

If you’ve got a poor credit record, you’re less likely to get the best rates.

And if you are looking for a new credit card, don’t apply for lots at once.

Source link

Major bank with 2.5million customers making huge change to 36 bank accounts within days – you’ll be worse off

A MAJOR bank with millions of customers is make a huge change to dozens of bank accounts starting within days.

The Co-operative Bank is cutting interest rates on 36 savings accounts, delivering a fresh blow to savers.

It comes just days after the Bank of England lowered the base rate from 4.25% to 4%, marking the fifth interest rate cut since 2020.

The decision means lower mortgage payments for homeowners but often leads to smaller returns for savers.

That’s because the base rate impacts the interest rates banks offer on savings accounts and loans, including mortgages.

The Co-operative Bank has wasted no time, announcing that interest rates on dozens of accounts will be reduced starting on August 14 and October 22.

On August 14, the Base Rate Tracker accounts will see reductions, with interest rates dropping from 4% to 3.75% and from 3.75% to 3.5%.

For example, if you had £1,000 deposited for 12 months, the interest earned at 4% would have been £40.

After the rate drops to 3.75%, you would earn £37.50 – a difference of £2.50.

Similarly, with the rate falling from 3.75% to 3.5%, the interest earned would decrease from £37.50 to £35, meaning £2.50 less over the year.

From October 22, various other accounts will experience cuts, including the Future Fund, which will see its rate fall from 1.53% to 1.46%, and the Online Saver, dropping from 2.12% to 2.06%.

Other affected accounts include the Smart Saver, Select Access Saver 5, and Privilege Premier Savings, with reductions ranging from 4.15% to 3.9% and 3.53% to 3.4%. 

Switch bank accounts for free perks

Cash ISA holders will also be impacted, with Cash ISA 2 rates falling from 3.25% to 3%.

Fortunately, several savings providers still offer returns of up to 5%.

With the average bank customer holding around £10,000 in savings, according to Raisin, switching could be a smart move.

To help you get the best returns, we’ve listed the top savings rates for each account type below.

What types of savings accounts are available?

THERE are four types of savings accounts: fixed, notice, easy access, and regular savers.

Separately, there are ISAs or individual savings accounts which allow individuals to save up to £20,000 a year tax-free.

But we’ve rounded up the main types of conventional savings accounts below.

FIXED-RATE

A fixed-rate savings account or fixed-rate bond offers some of the highest interest rates but comes at the cost of being unable to withdraw your cash within the agreed term.

This means that your money is locked in, so even if interest rates increase you are unable to move your money and switch to a better account.

Some providers give the option to withdraw, but it comes with a hefty fee.

NOTICE

Notice accounts offer slightly lower rates in exchange for more flexibility when accessing your cash.

These accounts don’t lock your cash away for as long as a typical fixed bond account.

You’ll need to give advance notice to your bank – up to 180 days in some cases – before you can make a withdrawal or you’ll lose the interest.

EASY-ACCESS

An easy-access account does what it says on the tin and usually allows unlimited cash withdrawals.

These accounts tend to offer lower returns, but they are a good option if you want the freedom to move your money without being charged a penalty fee.

REGULAR SAVER

These accounts pay some of the best returns as long as you pay in a set amount each month.

You’ll usually need to hold a current account with providers to access the best rates.

However, if you have a lot of money to save, these accounts often come with monthly deposit limits.

What’s on offer?

If you’re looking for a savings account without withdrawal limitations, then you’ll want to opt for an easy-access saver.

These do what they say on the tin and usually allow for unlimited cash withdrawals.

The best easy access savings account available is from Cahoot, which pays 5% – and you only need to pay a minimum of £1 to set it up.

This means that if you were to save £1,000 in this account, you would earn £50 a year in interest.

Meanwhile, West Brom Building Society’s easy access account offers customers 4.55% back on savings worth £1 or more.

If you’re okay with being less flexible about withdrawals, a top notice account could be a great option.

These accounts offer better rates than easy-access accounts but still let you access your money more flexibly than a a fixed-bond.

RCI Bank UK’s 95 day notice account offers savers 4.7% back with a minimum £1,000 deposit, for example.

This means that if you were to save £1,000 in this account, you would earn £47 a year in interest.

Meanwhile, GB Bank’s 120-day notice account offers 4.58%, requiring a minimum deposit of £1,000.

If you want to lock your money away and keep the same savings rate for a set time, a fixed bond is a good choice.

The best fixed rate currently offered is Vanquis Bank’s one-year fixed bond, which pays 4.44%, requiring a minimum deposit of £1,000.

Meanwhile, Atom Bank’s one-year fixed bond offers 4.42% back on a deposit of £50 or more.

This means that if you were to save £1,000 in this account, you would earn £44.20 a year in interest.

If you want to build a habit of saving a set amount of money each month, a regular savings account could pay you dividends.

Principality Building Society’s Six Month Regular Saver offers 7.5% interest on savings.

It allows customers to save between £1 and £200 a month.

Save in the maximum, and you’ll earn £25.81 in interest.

While regular savings accounts look attractive due to the high interest rates on offer, they are not right for all savers. 

You can’t use a regular savings account to earn interest on a lump sum.

The amount you can save into the account each month will be limited, typically to somewhere between £200 and £500.

Therefore, if you have more to save, it would be wise to consider one of the other accounts mentioned above.

How can I find the best savings rates?

WITH your current savings rates in mind, don’t waste time looking at individual banking sites to compare rates – it’ll take you an eternity.

Research price comparison websites such as Compare the Market, Go.Compare and MoneySupermarket.

These will help you save you time and show you the best rates available.

They also let you tailor your searches to an account type that suits you.

As a benchmark, you’ll want to consider any account that currently pays more interest than the current level of inflation – 3.4%.

It’s always wise to have some money stashed inside an easy-access savings account to ensure you have quick access to cash to deal with any emergencies like a boiler repair, for example.

If you’re saving for a long-term goal, then consider locking some of your savings inside a fixed bond, as these usually come with the highest savings rates.

Source link

Beloved by bands and bank robbers, the Ford Transit turns 60

Theo Leggett

International Business Correspondent

BBC BBC business correspondent Theo Leggett sits with one hand on the wheel of a stationary yellow Ford Transit - the oldest one still in existence, which was built in 1965. On its side are the words GEC-Elliott Traffic Automation Ltd. He is smiling wearing a cap and a blue shirt and jacket and light grey trousers. BBC

Theo Leggett at the wheel of the oldest Ford Transit still in existence

Climbing into a 1965 Ford Transit is like stepping into a time capsule on wheels.

Forget your modern high-tech nicknacks like satnavs and touchscreens. All you get here is a steering wheel, a big chrome-lined speedometer dial and a chunky heater control. There isn’t even a radio.

Out on the road, it rattles and bangs and occasionally jumps out of gear.

Disconcertingly, there’s no seatbelt, the seat itself has an alarming tendency to move around, and the brakes don’t seem to do very much at all.

Beautiful as it is, it’s hard to imagine that this elderly machine was ever state of the art.

Yet when the original Transit first rolled off the production line at Ford’s plant in Langley, Berkshire, on 9 August 1965, it was a revelation.

By the standards of the day, it was remarkably spacious, powerful and practical. It was comfortable, had sharp handling, and put existing vans such as the Morris J4 firmly in the shade.

Sixty years later, the Transit has been redesigned many times, but the brand itself is still going strong. It remains a staple for many small businesses, even in an age when “white vans” are ten a penny, and the market is rife with competition.

It is the world’s best-selling van – and more than 13 million have been built so far.

“There are lots of iconic cars: the Morris Minor, the Mini, the Land Rover, the VW Beetle, but there’s only one iconic van, and that’s the Transit,” says Edmund King, president of the AA.

“It’s probably the only van that people really know”.

Erica Echenberg via Getty Images Black and white photo of members of punk band The Damned sit in the back of their Ford Transit tour van, France, October 1977. L-R Dave Berk, Captain Sensible, Lu Edmonds. (Photo by Erica Echenberg/Redferns)Erica Echenberg via Getty Images

Punk ban The Damned were one of the groups to use Ford Transit’s on tour, seen here in 1977

Originally a collaboration between Ford’s engineers in the UK and Germany, and primarily aimed at the British and European markets, the Transit was designed to be as versatile as possible.

It rapidly became a staple for tradespeople, including builders, carpenters, electricians and delivery drivers.

But it also appealed to others looking for spacious, cheap transport – including aspiring rock bands. It was almost a rite of passage. Among those who spent time on the road in one were Black Sabbath, Led Zeppelin, the Small Faces and Slade.

“It was the freedom to go where you want, when you want. Petrol was a lot cheaper than it is now,” says Peter Lee, founder of the Transit Van Club.

“I ended up in Spain, lived in one for 13 months as a hippy on a strawberry farm, then came back and started a business. Before you know it, I had 180 workers in 28 Transit vans driving around London.”

‘Britain’s most wanted van’

The Transit’s speed and loading space also appealed to people on the wrong side of the law.

In 1972, so the story goes, a Metropolitan Police spokesman claimed Transits were being used in 95% of bank raids, adding that its speed and loading space meant it had become the perfect getaway vehicle. This, he commented drily, made it “Britain’s most wanted van”.

Meanwhile the stereotype of the bullying “white van man”, defined by Sunday Times reporter Jonathan Leake in 1997 as “a tattooed species, often with a cigarette in his mouth, who is prone to flashing his lights as he descends on his prey”, did not specifically target Transit drivers.

But given how many of them were on the road by then, it is a fair bet they were implicated.

Made in Turkey

For nearly half a century, Transits were built in Britain – first at Langley, then at a factory just outside Southampton. But this closed in 2013, as Ford removed production to Turkey, where it said costs were “significantly lower”. It was a controversial move that put hundreds of employees out of work. It was described by unions as a ‘betrayal’.

Bloomberg via Getty Images An employee checks the bonnet of a completed white Ford Transit van as it moves along the production line at the Ford Otosan plant,in Turkey in 2013.Bloomberg via Getty Images

Ford Transit production moved to Turkey in 2013

Today, Ford continues to highlight both the Transit’s British heritage and the work that still takes place here, especially at its UK headquarters in Dunton, Essex.

“Dunton is the home of the Transit,” insists Ford of Britain’s managing director, Lisa Brankin

“It’s where we manage all the engineering and design work for the new vans. But we also build our diesel engines in Dagenham, just down the road, and we make power packs for electric vans in Halewood, near Liverpool.”

Most of the company’s European production remains in Turkey, and that looks unlikely to change.

“It’s about efficiency and just centring manufacturing into one place, rather than having multiple sites across Europe,” Ms Brankin explains.

Bloomberg via Getty Images Employees prepare a a bright blue Ford E-Transit Custom electric van for display at the IAA Transportation commercial vehicle fair in Hannover, Germany, on Monday, 16 September 2024. Bloomberg via Getty Images

Ford promotes its electric vans at commercial vehicle fairs around the world

Much of the activity at Dunton now is focused on what the next generation of Transit vans will bring. But will there ever be another radical game-changer like the original model?

“We’re working on it,” says director of commercial vehicle development Seamus McDermott, when I ask him that question.

He believes that what customers want from a van has not really changed in 60 years. It is still all about having a reliable set of wheels that is versatile and cheap to run. But the way that goal is achieved is now very different.

“Electric vehicles are cheaper to run and cheaper to repair,” he says.

“Also, when we bring in more software defined, ‘smarter’ vehicles, the ability to manage fleets remotely will help bring down costs as well. So the revolution will be about propulsion and software.”

But while the Transit brand has already endured for 60 years, today it is heading into an uncertain future, according to AA president Edmund King.

“In the 60s, 70s and 80s, if someone’s father had a Transit, they would get a Transit,” he says.

“I think that’s changing now. There’s more competition across the van market, and therefore brand loyalty is certainly not as strong as it used to be.”

Source link

Bank of England expected to cut interest rates

Dearbail Jordan

Business reporter, BBC News

EPA Bank of England building with white and purple flowers in the foreground EPA

UK interest rates are widely expected to be cut on Thursday, taking the cost of borrowing to its lowest level for more than two years.

Financial markets predict that the Bank of England will reduce interest rates to 4% from 4.25% in its fifth cut since last August, taking it to the lowest since March 2023.

A lower base rate can reduce monthly mortgage costs for some homeowners but it also means a smaller return for savers.

The Bank of England will also publish its forecasts for an economy that failed to grow in April and Maypotentially creating a yawning spending gap which the government could choose to fill by announcing tax rises in the Autumn Budget.

Next week, the Office for National Statistics will release data on how the UK economy performed between April and June.

It grew by 0.7% in the first three months of the year.

If the Bank does trim rates, repayments on an average standard variable rate mortgage of £250,000 over 25 years will fall by £40 per month, according to Moneyfacts.

But for savers, the average return rate would fall from 3.9% in August last year to 3.5%, the financial data firm said.

“Savings rates are getting worse and any base rate reductions will spell further misery for savers,” said Rachel Springall, finance expert at Moneyfacts.

Inflation

Interest rates are expected to be cut despite inflation – which measures the pace of price rises – climbing above the Bank of England’s 2% target.

In the year to June, inflation rose to 3.6% due in part to the higher cost of food and clothing as well as air and rail travel.

However, there are signs that the UK employment market is cooling which could weigh on inflation.

Recent figures show that the number of people on payrolls is falling, vacancies are lower and the jobless rate has ticked higher.

Meanwhile, annual growth in average regular earnings, excluding bonuses, slowed to 5% between March and May.

Employers are facing higher costs, including an increase in National Insurance Contributions and the national minimum wage.

We will bring you live reporting from the Bank when we get the decision at 1200 along with expert analysis on what it means for you and your money.

Source link

Israel pushes for more illegal settlements in occupied West Bank amid raids | Israel-Palestine conflict News

Israeli authorities are moving forward with plans to dramatically expand illegal settlements in the occupied West Bank, despite growing international condemnation and warnings that the move would destroy already moribund prospects for a two-state solution.

The Israeli government has set Wednesday as the date to discuss building thousands of new housing units in the E1 area, east of occupied East Jerusalem. The proposed expansion would link the large and illegal Ma’ale Adumim settlement with Jerusalem, effectively bisecting the West Bank and isolating Palestinian communities.

Israeli Prime Minister Benjamin Netanyahu’s far-right government also appears on the cusp of announcing its intention to occupy all of Gaza as its genocidal war on the besieged enclave rages on.

The E1 plan in the West Bank has long been criticised by the international community, including the European Union and successive United States administrations. In 2022, Israel postponed the plan following US pressure, but in recent months, the government approved road-widening projects in the area and began restricting Palestinian access – a move rights groups say indicates a renewed push to entrench control.

Israeli settlements in the West Bank and East Jerusalem are illegal under international law. The International Court of Justice, the top United Nations tribunal, reaffirmed that position last year, saying that Israel’s presence in the occupied Palestinian territories is unlawful and must end “as rapidly as possible”.

INTERACTIVE Occupied West Bank Palestine Israeli settlements

 

On Monday, Germany reiterated its strong opposition to the E1 project.

“We, as the federal government, strongly reject the E1 settlement project,” Foreign Ministry spokesperson Kathrin Deschauer said. “What we are concerned about is that a two-state solution is possible in the long term.”

The plan would see nearly 1,214 hectares (3,000 acres) of Palestinian land stolen to build more than 4,000 settlement units, as well as hotels and roads connecting Ma’ale Adumim to West Jerusalem.

Palestinians say the project is part of broader efforts to “Judaise” East Jerusalem and entrench Israeli control over occupied territories in violation of international law.

Palestinian leaders seek the entirety of the West Bank, along with the Gaza Strip, and as a capital, East Jerusalem – areas Israel captured in the 1967 war – for their future state.

Currently, more than 500,000 settlers are living in the West Bank, and some 220,000 others in East Jerusalem.

Al Jazeera’s Nida Ibrahim said the plan has been in the works since “the early 90s”.

“The plan has been described by US officials … as devastating and a disastrous plan,” Ibrahim said, as it threatens “the unity” of a potential Palestinian state.

According to Ibrahim, the Israeli objective is to ensure there is “no Palestinian state on the ground” by the time Western and European countries recognise Palestine as a state.

Israel would be “cutting the West Bank into so many different sections, fragmenting them, creating what Palestinians have been calling as cantons,” she said, predicting that his would push Palestinians into “very small, caged communities”.

Widening crackdown in the West Bank

The move comes amid a broader Israeli crackdown in the occupied West Bank. At least 30 Palestinians were arrested overnight across multiple cities including Hebron, Nablus, Bethlehem, Ramallah, and Tulkarem, according to the Palestinian Authority’s Commission of Detainees and Ex-Detainees Affairs.

Among those detained were two women, a female journalist, and several former prisoners. The commission said more than 18,500 Palestinians have been arrested in the West Bank since Israel began its genocidal assault on Gaza in October 2023.

In Bethlehem, residents of Beit Iskaria village received forced displacement notices this week as Israeli forces moved to seize more land for settlement expansion in the Gush Etzion bloc. According to village council head Muhammad Atallah, soldiers ordered him and his family to vacate grapevine-covered farmland within 10 days.

Separately, Israeli forces carried out demolitions in the agricultural suburb near Jalazone refugee camp north of Ramallah, with reports that soldiers were accompanied by settlers. In Dar Salah, east of Bethlehem, a building under construction was demolished by Israeli military vehicles.

According to rights groups, July alone saw 75 demolitions in the West Bank targeting 122 structures, including 60 homes and dozens of agricultural and livelihood facilities.

Along with arrests and demolitions, Palestinians have also seen a rise in settler attacks in recent months. Armed settlers, often backed by Israeli soldiers, have rampaged through Palestinian villages, torched crops, vandalised homes, and assaulted residents with impunity, resulting in several Palestinian deaths.

Rights groups and United Nations officials have warned that settler violence has reached record levels, part of what they describe as a coordinated campaign to forcibly displace Palestinians from key areas of the West Bank.

Meanwhile, Israeli authorities issued a six-month ban on Sheikh Muhammad Hussein, the grand mufti of Jerusalem and the Palestinian territory, from entering Al-Aqsa Mosque.

According to the Wafa news agency, the Jerusalem governorate, quoting lawyer Khaldoun Najm, said the ban on Hussein follows the expiration of his eight-day ban.

This most recent ban was imposed after his Friday sermon, where he condemned Israel’s starvation policy against Palestinians in Gaza.

Last week, Hussein was handed an initial eight-day expulsion order from the mosque.

Source link