Business
Bank of England rate-setter says risks to UK inflation justify slower cuts

Risks to the UK’s inflation outlook may have increased, justifying the need to take a cautious approach to cutting interest rates, a Bank of England policymaker has said.
Megan Greene, a member of the Bank’s rate-setting committee, said the current uncertainties and risks facing the economy meant it may be better to “skip” rate cuts rather than lower them quickly.
Speaking at Adam Smith Business School at the University of Glasgow, Ms Greene said “supply shocks” to the economy were likely to become more frequent.
This refers to events such as the Covid pandemic and the war in Ukraine that impact production and therefore can send prices higher.
She said the lessons learned from recent supply shocks “suggest that the risks to our inflation outlook have shifted to the upside”.
This was partly because of weak productivity growth in the UK as well as the rising unemployment rate, which both put pressure on overall inflation.
Ms Greene said it was clear that a “year-long tick up in inflation puts the UK in stark contrast with our developed economy peers”.
She also pointed to climate change and higher tariffs as factors that could generate supply shocks in the future.
However, the policymaker said the risks from global trade tensions had “abated somewhat” due to a “flurry of trade agreements” between the US and other countries helping to reduce uncertainty.
Ms Greene stressed that she was “not in favour of policy reversals by central banks” – referring to sharp interest rate cuts – and that could mean “skipping cuts” was a better approach.
“Instead, I believe an appropriate response to the uncertainty and risks we are currently facing should involve a cautious approach to rate cuts going forward,” she concluded.
Business
As Donald Trump Hikes H-1B Visa Fee, Internet Digs Out Bill Gates’ 2024 Video Praising Indian Techies

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An old video of the Microsoft founder praising Indian techies’ contribution to his company presented a stark contrast to the US President Donald Trump’s decision.

US companies must pay $100,000 (Rs 88 lakh) per H-1B application. (Representative Image)
Amidst US President Donald Trump’s controversial crackdown on the H-1B visa, an old clip of Microsoft founder Bill Gates praising his Indian employees is gaining attention. In the video, Gates showers a group of Indian techies with glowing praise and appreciates their efforts in raising his company to new heights.
Microsoft head’s words and encouragement to Indian techies working in the US were widely appreciated on the Indian internet. He presented an alternative approach to Trump’s much-criticised ways after he announced a massive hike in H-1B visa fees to $100,000 (approximately, Rs 88,61,500).
Trump’s move originated from his nationalistic ideals and the “MAGA” (Make America Great Again) vision to provide Americans with more job opportunities by discouraging U.S.-based companies from hiring foreign nationals, regardless of their capabilities.
Bill Gates’ Old Video Praising 15 IIT Grads
The old video of Gates acknowledging the efforts of his Indian employees is from the speech the tech giant delivered at the Indian Institute of Technology (IIT) in Delhi in February 2024. During his speech, Gates recalled the early days of Microsoft, when the company was looking to boost its staff and eyeing world-class engineering talent. A senior colleague then came up with an unconventional idea: hire 15 IIT graduates from India, who would put their heart and soul into work if provided an opportunity.
“In a sense, my first connection with India came because of the IITs,” Gates says in the clip. “One of the great people who worked for me said that he would go over to India and hire about 15 people who had been students at IIT and that would strengthen Microsoft’s engineering capabilities.”
“At the time, we had only a few hundred people, but even so, it was so hard to find amazing engineers. I thought that was a good idea. At the time, the Indian press said it was a terrible thing because all these great people (engineers) were leaving their country. The US press said it was a terrible thing (with) all these people coming to another country. But I think now, over 25 years later, we can say that was a phenomenal thing.”
Bill Gates’ Speech Amid Immigration Debates On H-1B
In the revisited portion of his speech, Gates emphasised the criticism that came Microsoft’s way from US-based news platforms, who decried his team’s decision to hire skilled Indian engineers over American graduates. But the Microsoft founder is now glad he went ahead with the idea and calls it a turning point for his company.
Gates’ approach comes in stark contrast with that of Trump and the existing American regime, posing a major hurdle now for US-based companies in hiring India’s graduates and future working professionals. The move spread widespread disappointment among India’s tech students, who were hoping to fulfil their dream of securing a high-paying job in the US.
A team of writers at News18.com bring you stories on what’s creating the buzz on the Internet while exploring science, cricket, tech, gender, Bollywood, and culture.
A team of writers at News18.com bring you stories on what’s creating the buzz on the Internet while exploring science, cricket, tech, gender, Bollywood, and culture.
Delhi, India, India
September 25, 2025, 10:32 IST
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Business
‘Jimmy Kimmel Live!’ return draws 6.26 million viewers, ABC parent Disney says

File photo: “Jimmy Kimmel Live!”
Randy Holmes | Disney General Entertainment Content | Getty Images
“Jimmy Kimmel Live!” returned to air Tuesday night, generating 6.26 million total viewers despite significant preemptions across 23% of U.S. TV households, according to data from Nielsen shared by Disney.
This viewership is exponentially higher than average. During the 2024-2025 season, a period that ran from September to May, Kimmel’s average viewership was 1.42 million.
The pretaped show, which airs on the Disney-owned ABC, marked the first time host Jimmy Kimmel publicly addressed his suspension from late night following comments he made during a previous show’s monologue that criticized members of President Donald Trump’s MAGA movement for their reaction to conservative activist Charlie Kirk‘s killing.
“It was never my intention to make light of the murder of a young man,” he said Tuesday night. “I don’t think there’s anything funny about it.”
In addition to linear ratings, Kimmel’s monologue, which clocked in at over 28 minutes, garnered more than 26 million views across YouTube and social platforms, Disney reported Wednesday. The company also touted that Tuesday’s show earned its highest rating among adults aged 18 to 49 years in more than a decade.
“[Trump] tried his best to cancel me. Instead, he forced millions of people to watch the show,” Kimmel joked Tuesday during his monologue. “Backfired bigly.”
Local station owners Nexstar Media Group and Sinclair both said they would preempt the show’s return on Tuesday, meaning many markets across the country were not able to watch the program through local channels. Together, the two companies own roughly 70 ABC affiliate stations. According to Disney and Nielsen that preemption impacted a little less than one-fourth of the country.
Nextstar and Sinclair said they would preempt the show last week following comments from from Federal Communications Commission Chair Brendan Carr that suggested ABC and its affiliate stations could be at risk of losing broadcast licenses over the comments.
On Wednesday, Nexstar said it was “continuing to evaluate” the status of “Jimmy Kimmel Live!” and was “engaged in productive discussions” with Disney executives.
A Sinclair representative on Wednesday referred CNBC to its statement on Monday, which said the company’s stations would be preempting the show and that “discussions with ABC are ongoing as we evaluate the show’s potential return.”
Business
Labubu dolls made up 90% of fake toys seized at UK border

Labubu dolls made up 90% of the £3.5m worth of fake toys seized at the UK border so far this year, according to Home Office data.
Labubu is a quirky monster character created by Hong Kong-born artist Kasing Lung, and popularised through a collaboration with toy store Pop Mart.
Although they are mainly marketed as adult collectibles and fashion accessories, with some even stating they’re only suitable for those over 15 on the box, they’re very popular with young people and children.
But nearly three in four seized toys failed safety tests, with the “dangerous fakes” being found with harmful chemicals or choking hazards according to the Intellectual Property Office (IPO).
A new campaign from the IPO called Fake Toys, Real Harms is aiming to highlight the dangers of buying counterfeit items.
The IPO found seven in ten fake toy buyers are motivated by cost, and just 27% cited safety as a purchase consideration.
Rare editions of real Labubus can can sell for hundreds of pounds on resale sites.
Demand for the limited toys became so great that Pop Mart paused sales in all its 16 UK shops in May following reports of customers fighting over them. The toys are now sold through an online lottery system.
Of the 259,000 fake toys seized by the IPO in 2025, 236,000 were counterfeit Labubus.
Nearly half of people who purchased fake toys reported problems, the government body also found.
Issues range from toys breaking almost instantly to unsafe labelling, toxic smells and even reports of illness in children.
The IPO’s deputy director of enforcement, Helen Barnham said: “These products have bypassed every safety check the law requires, which is why we’re working with our partners to keep these dangerous fakes out of UK homes.”
She added: “Child safety must come first, so we’re urging parents – please don’t let your child be the tester.”
The IPO stressed that experts are warning the Labubu trend “is just the tip of the iceberg.”
It warned that counterfeiting criminals target a wide range of popular toys and it’s important to be vigilant and aware of what you are purchasing.
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