The International Monetary Fund (IMF) has upgraded its growth forecast for the UK economy this year, but has also warned about the possible impact of Donald Trump’s economic plans. The global institution upgraded its prediction for UK growth to 1.6% for this year from its previous estimate of 1.5%. But it said a threatened wave of tariffs by incoming US president Trump could make trade tensions worse, lower investment, and disrupt supply chains across the world. The IMF also said although tariffs, tax cuts and deregulation could boost the US economy in the short term, they could ultimately backfire.The International Monetary Fund (IMF) has upgraded its growth forecast for the UK economy this year, but has also warned about the possible impact of Donald Trump’s economic plans. The global institution
Author Archives: The Esbec Team
Jan
Introduction The dream of space travel, once confined to the realm of professional astronauts and science fiction, is rapidly becoming a tangible reality for civilian adventurers. According to NASA’s Commercial Space Transportation program, the space tourism industry has evolved significantly since the first civilian space flight in 2001, when Dennis Tito paid $20 million for a […]
Jan
Stellantis is reportedly canceling the long-range Ram 1500 REV electric pickup. With a 229 kWh battery, it had an estimated range of 500 miles. The standard-range model is still in the cards for 2026. The long-range version of the Ram 1500 REV electric pickup has been reportedly canceled. With a massive, 229-kilowatt-hour battery pack, the top Ram 1500 REV version had a target driving range of 500 miles–potentially making it the longest-range electric pickup in the world. However, that version has been canceled, according to a leaked email seen by MoparInsiders , leaving just the standard-range version of the Ram 1500 REV on the cards. As per the email, Stellantis has asked its suppliers “to immediately cease all activities related to this project and suspend all incremental spending.” The standard
Jan
The possibility that Alzheimer’s disease diagnosis is associated with viruses, bacteria, fungi, and parasites has been postulated over the past three decades. By BEN EDIDIN JANUARY 20, 2025 11:23 (L-R) In green – herpes virus proteins. In red – Alzheimer’s tau. In orange – a merge of the two. (photo credit: Shemesh Lab) Researchers from the School of Pharmacy at the Hebrew University of Jerusalem have discovered a surprising correlation between Alzheimer’s disease and the presence of Herpes Simplex Virus-1 (HSV-1). Their study, “Anti-Herpetic Tau Preserves Neurons vis the cGAS-STING-TBK1 Pathway in Alzheimer’s Disease,” was published in the peer-reviewed journal Cell Reports in early January. Alzheimer’s disease diagnosis depends on Neurofibrillary tangles, which are made predominantly of the proteins, extracellular β-amyloid (Aβ), and intracellular hyperphosphorylated tau (p-tau). The causes of these pathologies remained
Jan
Catch up on some of SCMP’s biggest China and economy stories of the day. If you would like to see more of our reporting, please consider subscribing . 1. With Trump’s inauguration, US-China rivalry opens new and uncertain chapter When Donald Trump is sworn in as the 47th president of the United States on Monday, a new chapter of geopolitical uncertainty will be written, potentially ushering in an intensified rivalry between the US and China under his “America First” policy. 2. Han and Vance strike positive tone for US-China ties ahead of Trump inauguration Chinese Vice-President Han Zheng held talks with the US vice-president-elect J.D. Vance and tech billionaire Elon Musk at separate meetings in Washington ahead of Donald Trump’s inauguration, with both sides reaffirming their commitment to a “long
CMC Motors Group is renowned for its New Holland brands. Photo: CMC Motors Group. Source: Facebook
Jan
CMC Motors Group has quit the Kenyan, Ugandan and Tanzanian markets, citing economic challenges, including high operating costs The company is one of the largest car assemblers in Kenya and has been offering agricultural and mechanical solutions to farmers It reaffirmed its dedication to helping staff members through the changeover and ensuring a smooth transition TUKO.co.ke journalist Japhet Ruto has over eight years of experience in financial, business, and technology reporting and offers profound insights into Kenyan and global economic trends. CMC Motors Group is closing its operations in Kenya, Tanzania, and Uganda after forty years in East Africa’s automotive and agricultural industries, leaving hundreds of its workers facing an uncertain future. CMC Motors Group is renowned for its New Holland brands. Photo: CMC Motors Group.Source: Facebook Why CMC Motors
Robert Donald Munro, better known as Bob Munro, has sadly passed on after a battle with respiratory illness Munro was the founder of the Mathare Youth Sports Academy (MYSA) and later chairman of Mathare United Football Kenya President (FKF) Hussein Mohammed has led in eulogising Munro for his efforts in supporting local football Kenya’s football fraternity has been plunged into mourning following the passing of Bob Munro. The Mathare United founder died on Sunday evening aged 82 after a long battle with illness. Bob Munro at the opening ceremony of the Mathare FIFA Football For Hope Centre on September 4, 2010 in Nairobi, Kenya. Photo by Neil Thomas – FIFA.Source: Getty Images How Bob Munro died His family confirmed that Munro has been in and out of the hospital in
Jan
Advisers told ABC News he plans on more than 200 on his first day in office. January 19, 2025, 6:34 PM President-elect Donald Trump is likely to sign executive orders at the U.S. Capitol after his swearing-in Monday and then additional ones later at Capital One Arena in the afternoon where the inaugural parade and entertainment were moved because of frigid weather in Washington, sources told ABC News on Sunday. Separately, top Trump officials told ABC News he is preparing to take more than 200 executive actions on his first day in office. Trump advisers are hoping he can sign multiple executive actions at one time under what they are calling an “omnibus” executive action. Essentially, multiple actions would be compiled into one document for Trump to sign to avoid
Jan
The Kansas City Chiefs moved one step closer to an unprecedented ‘three-peat’ after beating the Houston Texans in the NFL play-offs. After earning a bye for the first round of the post-season, the Chiefs kicked off the Divisional Round at home to the Houston Texans on Saturday. And the NFL’s two-time defending champions clinched a 23-14 victory to keep alive their hopes of becoming the first team to win three straight Super Bowls. Led by quarterback Patrick Mahomes, Kansas City have reached the NFL’s championship game four times in the past five years, winning it three times. Last season, they became the first team to win back-to-back Super Bowls since Tom Brady’s New England Patriots in 2004 and 2005, and they are back within one win of the big game.
Jan
The social media app TikTok was unavailable on app stores in the United States early Sunday morning, as a U.S. ban was expected to take effect. “TikTok and ByteDance Ltd. apps are no longer available in the United States, and visitors to the United States might have limited access to features,” Apple said in a support update. Results for the app were also unavailable on the Samsung Galaxy Store and Google Play Store, where users were given a message saying, “Downloads of this app are paused due to current US legal requirements.” The platform had become unavailable for some users Saturday evening, just ahead of a U.S. ban, with a popup message saying, “Sorry, TikTok isn’t available right now.” “A law banning TikTok has been enacted in the U.S. Unfortunately
Jan
In 1997, Nokia designed a kids’ phone that was shaped like Winnie the Pooh. Some 12 years later, the company dreamed up a phone that could stretch over your wrist and even change its appearance. These concepts never made it into people’s hands, but they are now available for your viewing pleasure at the Nokia Design Archive. Launching today, the Nokia Design Archive was developed by Aalto University in Helsinki, Finland. The online portal hosts about 700 exhibits. The full scope of the archive, however, amounts to 20,000 exhibits, so what is currently available now on the website is “just the tip of the iceberg,” says Anna Valtonen, lead researcher on the Nokia Design Archive. Valtonen previously spent 12 years at Nokia, including holding a position as the head of
![Tom Homan, President-elect Donald Trump's appointee for '''''''''''''''''''''''''''''''border czar', speaks before a visit by Trump during the AmericaFest 2024 conference sponsored by conservative group Turning Point USA in Phoenix, Arizona, December 22, 2024 [Cheney Orr/Reuters]](https://esbecgroup.com/wp-content/uploads/2025/01/Trump-admin-to-launch-immigration-raids-on-day-one-amid-deportation-push.jpg)
Several large cities are reportedly expected to be hit by Trump’s immigration authorities shortly after inauguration. Donald Trump’s top border official has said the new Republican administration will launch large operations to detain and deport undocumented immigrants beginning on the day of the United States President-elect’s inauguration on Tuesday. The incoming administration’s so-called “border czar”, Tom Homan, told Fox News on Saturday that he would not categorise the expected actions as “raids”. “There are going to be targeted enforcement operations,” he said, adding that Chicago would be among cities that will see raids shortly after Trump takes office for a second four-year term. Homan also suggested the Trump administration would target city jails in so-called sanctuary cities that house a large number of migrants. He said the government wants to
Jan
Two senior Iranian judges have been shot dead in an apparent assassination in the country’s supreme court. Ali Razini and Mohammad Moghiseh were killed after an armed man entered the court, in the capital Tehran, on Saturday morning. The attacker is said to have then killed themselves while fleeing the scene, according to the judiciary’s news website, Mizan. A bodyguard was also injured in the attack. The motive for the attack is unclear, but both judges are said to have played a role in the persecution and killing of opponents of the Islamic regime throughout the 1980s and 1990s. In a statement to state news agency IRNA, the judiciary’s media office described the attack as premeditated assassination. It also said that, according to initial findings, the attacker had not been
Jan
Canoo files for bankruptcy after dismissing the remainder of its workforce in the last two months. It was founded in 2017 and, at its peak, employed 800 people, but it lived off loans and never turned a profit. The company will liquidate all its assets to pay off its debts and creditors. Canoo was one of those EV startups that seemed to have a future with a cool product that showed plenty of promise. However, after failing to secure the necessary capital to stay afloat, the company announced yesterday that it’s filing for Chapter 7 bankruptcy. We knew Canoo, founded in 2017 and initially called Evelozcity, was in serious trouble when, in November, it cut almost a quarter of its workforce (around 30 employees)—it employed around 800 people in 2021
Jan
Family members have begun to identify the residents who were killed in the devastating wildfires in the Los Angeles area. At least 27 people have been killed. Tune into “Good Morning America” on Friday, Jan. 17, as ABC News and ABC owned stations kick off “SoCal Strong” (#SoCalStrong) coverage in support of Los Angeles-area communities amid the devastating wildfires. Coverage continues across ABC News programs and platforms. Here is what we know about the victims: Randall Miod Randall “Randy” Miod, 55, was killed in the Palisades Fire in Malibu, according to his mother, Carol Smith. In his 20s, Miod bought his beloved apartment in Malibu that became known as the “Crab Shack,” she said. “It was beyond rustic! He loved that place,” she said. “There was always a party. …