U.S. economic growth slowed more than expected in the first quarter, but a surprisingly hot quarterly Personal Consumption Expenditure inflation component suggested that the Federal Reserve would not cut interest rates before September. The economy has defied prophecies of doom since late 2022 following the Fed's aggressive rate hiking campaign to stamp out inflation. Final sales to private domestic purchasers increased 3.1% annualized, so domestic spending by households is still healthy despite the headline weakness.
Ben & Jerry’s social justice activism is “a strength, not a weakness”, Unilever has insisted, amid questions over whether the brand’s political campaigning could deter potential buyers.
Two of the five Household Cavalry horses that rampaged through central London have undergone surgery, a defence minister has said.