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Virginia county manager: Electricity rates to rise sharply from July 1

As the tech landscape evolves with AI data centers, electricity costs are soaring. Henrico County, Virginia, has announced a staggering 25% hike in electricity bills for government facilities, prompting local officials to urge power conservation among their employees. Residents are also feeling the pinch, with some facing bill doubles. This phenomenon underscores the mounting pressure on community resources amid the rapid expansion of data centers.

SIT probing Rs 124 crore spent by Trust on Ram temple events over 2 years

A special investigation team is examining over Rs 124 crore spent on major Ram Temple Trust events. The Jan 2024 consecration ceremony alone saw Rs 113 crore in expenditures. Investigators are auditing financial records and payment vouchers from the past two years. Donations of precious metals and jewellery are also being verified by the SIT. The probe ensures funds were utilized according to prescribed financial procedures and approvals.

Council tax bills will soar by up to £3,600 a year under SNP proposals for new 'mansion tax'

Council tax bills will soar by up to £3,600 a year under SNP proposals for new 'mansion tax'Click here to visit the Scotland home page for the latest news and sportSee more Daily Mail on Google - save us as a Preferred SourceBy MICHAEL BLACKLEY, SCOTTISH DAILY MAIL POLITICAL EDITOR Published: 19:56, 6 July 2026 | Updated: 19:56, 6 July 2026 e-mail View comments

Viral post: Same medicines cost Rs 2,500 in India vs Rs 42,000 in US

An Indian senior citizen's account of navigating the US healthcare system has gone viral after an X user Adhir Sinha shared it on the social media platform. The post claimed that medicines costing around Rs 2,500 in India ended up costing the equivalent of Rs 42,000 in the US, sparking a debate about healthcare costs and everyday conveniences in India and the United States.

Milan's Champions League Heartbreak: A €25 Million Financial Blow and What Lies Ahead

El Nino's heat test: India may face world's biggest energy system impact

India faces significant energy system impact from El Nino's arrival. Renewable electricity generation may decrease while cooling demand rises. This could create an electricity generation gap of nearly eighteen terawatt-hours. Increased coal-fired power generation is the most likely outcome. Expanding solar power and battery storage is critical for grid resilience.

Treasury sees defence as a drain not a driver for growth, says Healey

Treasury sees defence as a drain not a driver for growth, says HealeyByJennifer McKiernanPolitical reporterPublished29 minutes agoThe Treasury has refused to see defence spending as an engine for growth, former defence secretary John Healey has told the BBC.Healey quit his cabinet role after a battle over a long-delayed military spending plan, which proved to be one of the final blows for Sir Keir Starmer's leadership.A slightly-increased Defence Investment Plan (DIP) of £15bn was unveiled last...

EasyJet shares jump almost 10% after it agrees £5.5bn takeover bid

Airline’s board to recommend offer of £6.90 a share in deal analysts say shows UK firms are being bought on the cheapShares in easyJet surged nearly 10% after the airline agreed to a £5.5bn takeover at the fifth attempt, but analysts said that it showed UK firms were being bought on the cheap.The low-cost carrier’s board will recommend shareholders accept an offer price of £6.90 a share from Castlelake, a US private equity firm, after rejecting four previous bids of as little as £5.60 per share....

How much did Khamenei's funeral cost? State spending draws scrutiny amid economic hardship

Iranians criticize the state funeral for Ali Khamenei due to extensive public spending. This expenditure contrasts sharply with the economic hardships faced by ordinary citizens. Critics allege authorities used state employees and free services to inflate funeral attendance figures. Such actions highlight a perceived disconnect between the government and the general populace. The funeral costs remain unconfirmed, with some estimates reaching $800 million.

Kenya enacts sweeping Central Bank reforms

Kenyan President William Ruto has signed the Central Bank of Kenya (Amendment) Bill, 2026 into law, introducing wide-ranging reforms aimed at strengthening the country

Higher-earning Australians flocking to 5% first home deposit scheme with some borrowers earning over $200,000

Exclusive: Economists warn Labor’s removal of caps could be pushing up prices as support flows to people in better financial positionsGet our breaking news email, free app or daily news podcastMost Australian first home buyers are using the government’s 5% deposit scheme, with one in three new participants earning more than the scheme’s previous cap for high income earners.The influx of high income earners into the first home guarantee program, economists warn, has pushed up property prices by i...

145% rise in LPG imports: Gas buys to be doubled from US — how much can it help India?

Energy imports from the US have gained importance, particularly following the West Asia conflict, helping reduce the trade imbalance between the two countries. Besides the US, India has also sourced LPG from Argentina, Nigeria and Malaysia. Data from Kpler shows that India’s LPG imports from America have grown substantially since the US-Iran war began. After a marginal dip in April, the supplies have steadily climbed.

Trump rings New York Stock Exchange bell to mark first trading day for ‘Trump accounts’

US president rings bell from White House and showcases initiative that gives children a $1,000 investment accountDonald Trump rung the bell of the New York Stock Exchange (NYSE) from the White House to mark the first trading day for Trump accounts, a government initiative that provides children with a $1,000 investment account.The US president hosted leaders from the NYSE and the Nasdaq stock exchange at the Oval Office for a press conference Monday morning. It is the first joint opening of the...

GB News co-owner ‘cashing in on climate chaos’ after leap in fossil fuel investments, critics say

Exclusive: Campaigners argue news channel’s attacks on climate action ‘work in financial interests’ of Sir Paul MarshallThe hedge fund run by the co-owner of GB News almost tripled its investments in fossil fuel companies in the first quarter of 2026 to $2.8bn (£2.1bn), the Guardian can reveal.Critics have accused Sir Paul Marshall of “cashing in on climate chaos” and have claimed the news channel, which frequently attacks climate science and action, was “working in its owner’s financial interes...

Microsoft layoffs: Company cuts 4,800 jobs; to reduce 2.1% global workforce

Microsoft has laid off 4,800 employees, about 2.1% of its global workforce, as its new fiscal year begins, with Xbox and commercial sales taking the biggest hits. HR chief Amy Coleman told employees the business is changing because the industry around it is changing, insisting AI isn't replacing these roles. Xbox alone loses 1,600 jobs now, with 3,200 more planned this year as CEO Asha Sharma resets the gaming division.

Saudi Arabia slashes August oil prices for Asia by $11 in biggest cut in over 20 years

Saudi Arabia has slashed its crude oil prices for Asian customers by a significant $11 per barrel for August, the largest reduction in over two decades. This move reflects weakening demand in Asia and easing geopolitical tensions, which have stabilized global oil markets. With supply conditions improving and Middle Eastern shipping routes normalizing, Saudi Aramco is adjusting its strategy to maintain market share amidst increased competition.

Explained: Indian Navy’s new sonar plan to counter China-Pakistan underwater threat

Facing growing underwater threats from China and Pakistan, the Indian Navy is bolstering its anti-submarine capabilities. A new containerized sonar system, the CTLS, is being developed for rapid deployment and enhanced detection. This advanced system will utilize both active and passive listening modes, incorporating AI for improved accuracy. Additionally, the Navy is acquiring more P-8I maritime patrol aircraft, reinforcing its underwater surveillance network.

Wall Street's opening bell rings at White House today as Trump marks windfall for 1.4 million babies

Wall Street's opening bell rings at White House today as Trump marks windfall for 1.4 million babiesSign up HERE for DC Insider - your free guide to what's rocking Washington See more Daily Mail on Google - save us as a Preferred SourceBy JON MICHAEL RAASCH, WHITE HOUSE CORRESPONDENT Published: 14:32, 6 July 2026 | Updated: 14:32, 6 July 2026 e-mail View comments

Crude oil relief: OMCs may break even on petrol, diesel rates soon; what it means

Public sector refiners have collectively absorbed losses of over Rs 75,000 crore during the first quarter of the current financial year. Since they continue to process higher-cost crude purchased earlier, profitability is expected to remain under pressure during the ongoing quarter.

National security put at risk as China 'deliberately floods market with cut-price chemicals'

China is deliberately flooding Europe with cut-price chemicals, causing factory closures and putting national security at risk, Sir Jim Ratcliffe has warned. In a letter to Ursula von der Leyen, president of the European Commission, the billionaire boss of Ineos warns that urgent action is needed to protect the sector, with 200 chemicals plants in Europe closing in the last five years alone.Were domestic capacity to vanish, prices would soar, he warns. Sir Jim points the finger at China, which h...