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Greens Stun Labour in Historic Gorton & Denton Upset

  The Green Party's Hannah Spencer joyous after the results of the Gorton and Denton by-election were announced Prime Minister Keir Starmer has been dealt a significant political setback after the Green Party captured Gorton and Denton, a Greater Manchester seat Labour had held for nearly a century. The by‑election result pushed Labour into third place, behind both the Greens and Reform UK, highlighting growing fractures in Britain’s traditional two‑party landscape. Green candidate Hannah Spencer secured the victory with a commanding share of the vote, marking the party’s first parliamentary by‑election win in northern England. Reform UK finished second, while Labour’s unusually weak performance intensified pressure on Starmer amid ongoing political turbulence and calls for stronger leadership.  The loss of such a long‑standing Labour stronghold underscores shifting voter sentiment and raises questions about the party’s ability to maintain its traditional base. Analysts have...
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Global Markets Plunge Amid Tech Sell-Off and Economic Concerns

 

Global markets experienced a significant downturn today, with Japan’s Nikkei 225 index leading the decline, plummeting by 5.8%. This sharp drop follows a tech-driven retreat on Wall Street, where weak manufacturing data has raised concerns about the U.S. economy’s health and the Federal Reserve’s timing on interest rate cuts.

Investors are increasingly worried that the Fed may have missed its window to lower rates, potentially exacerbating economic slowdown risks. The anticipation of a crucial employment report has further fueled market anxiety, with futures for the S&P 500 and Dow Jones Industrial Average also showing declines.

The tech sector has been particularly hard-hit, with Intel’s announcement of a 15% workforce reduction adding to the market’s woes. This move is seen as a response to intense competition from rivals like Nvidia and AMD.

In Europe, major indices followed the downward trend, with Germany’s DAX and France’s CAC 40 both recording losses. The broader impact of these economic concerns is evident as markets worldwide brace for further volatility.


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