Supply shocks to weaken monetary policy effectiveness: CEA

Microsoft says efforts to fix global outage 'not going as expected' with millions impacted worldwide

Millions reported issues with Microsoft Outlook, the company's workplace messaging app, Teams, its AI assistant, Copilot, as well as other Microsoft 365 services.

Supply shocks to weaken monetary policy effectiveness: CEA

Chief Economic Advisor V Anantha Nageswaran emphasized the diminishing effectiveness of interest rate adjustments in controlling inflation due to supply chain disruptions. He indicated that fiscal policies will play a critical role in addressing these supply-induced challenges. Nageswaran highlighted that many countries have struggled to meet their inflation targets since 2022. He underscored the potential long-term dominance of supply shocks in inflation dynamics.

Bengaluru metro crosses 100-km mark! PM Modi inaugurates Pink Line

Bengaluru metro crosses 100-km mark! PM Modi inaugurates Pink Line

Microsoft outage live updates: NHS hospitals, GPs, pharmacies, police and councils all affected as government says 'robust contingency plans' are in place to minimise disruption

Follow the Daily Mail's live coverage as Microsoft users experience major disruption and the tech giant works to resolve outages impacting some of its most popular services.

Isn't He Lovely: Stevie Wonder shocks Stalybridge cafe staff after popping in for seafood meal after gig - and leaving £1,000 tip!

The 76-year-old singer (right) arrived at Cafe Continental in Stalybridge with his band and entourage after performing at the Co-op Live arena on Sunday.

First person in nearly 60 years is killed by steam engine as locomotive hits them on its way to pick up passengers for Remembrance Day trip

The locomotive was on its way to London to pick up passengers for a Remembrance Day trip when the incident occurred on Wednesday morning.

Read the dark 'suicide' texts from accused killer cop just hours before he shot Jesse Baird - as he sobs in court: 'The bullets were ready'

Follow the Daily Mail's live coverage of Beau Lamarre-Condon's murder trial.

'This war isn't over yet': People of Piddington as they vow to fight on as Angela Rayner approves plans for migrant camp for 1,256 single males near their village

Angela Rayner last night approved proposals for the controversial camp at MoD Bicester, despite the village symbolically voting to leave the UK in protest.

The decline of Quality Street: How iconic British sweets founded by Yorkshire family are now packed with palm oil and 'harmful' additives - as customers say they 'taste like wax'

While some sweets - such as the iconic green triangle - have stood the test of time, traditional favourites like the Gooseberry Cream and Fig Fancy have been long-since replaced to suit a more modern palette.

Philandering former Nvidia CEO Jensen Huang had third mistress who also worked with him at tech giant report claims

Huang is now reported to have had affairs with two Nvidia co-workers, as well as an alleged Chinese spy.

World's largest museum coming in India: Yuge Yugeen Bharat Museum bigger than Louvre in Paris and British Museum in London combined to open in Delhi; check opening date

Cabinet has cleared the Rs 3,230 crore Yuge Yugeen Bharat Museum in Delhi, said to be the world’s largest by display area. Its 19.2 lakh sq ft built-up area is bigger than the Palace Museum but smaller than the Hermitage. It will hold 1.8 million objects and open in phases.