- Reuters
UPDATE 1-Spain PM Sanchez says he is suspending public duties to "reflect" on future
Spain's Prime Minister Pedro Sanchez has said he will suspend public duties to "stop and reflect" on whether he wants to continue in frontline politics, in a letter shared on his X social media acccount. The shock announcement came after a Spanish court said earlier on Wednesday it was launching a preliminary investigation into whether Sanchez's wife Begona Gomez committed a crime of influence peddling and corruption in business in her private dealings.
- Reuters
Bank of Canada says any rate cuts would probably be gradual
The Bank of Canada's (BoC) governing council agreed this month that interest rates would most likely only come down gradually, given the risks to the inflation outlook, minutes of the meeting published on Wednesday showed. The central bank kept its key interest rate unchanged at a near 23-year high of 5% on April 10 and minutes of the discussions before the announcement showed the six-member council was split on the timing of a possible cut. "While there was a diversity of views about when conditions would likely warrant cutting the policy rate, they agreed that monetary policy easing would probably be gradual, given risks to the outlook and the slow path for returning inflation to target," said the minutes.
- The Telegraph
Former SAS man who helped ambush IRA terrorists has jail sentence quashed
A former SAS serviceman who took part in a deadly ambush of IRA terrorists has had his jail sentence quashed.
