FTSE 100 winning streak ends as WPP shares hit lowest level since 2008 - business live

The European Central Bank has decided to maintain interest rates at 2% for the third consecutive meeting, despite rising concerns that a modest economic recovery in the eurozone could lead to increased inflation. This decision reflects the ECB's cautious approach to balancing economic growth with inflation control, which is crucial for maintaining stability in the region's economy.

WPP is facing potential job cuts as its new CEO, Cindy Rose, has initiated a review following disappointing performance and a recent profit warning. The company is struggling to retain clients and compete against rivals leveraging AI and advanced data capabilities. This situation is significant as it highlights the challenges traditional advertising firms face in adapting to rapidly changing market dynamics, which could impact employees and the broader industry.

The Senate has successfully passed a bill aimed at nullifying former President Trump's extensive global tariffs affecting over 100 nations, with a close vote of 51-47. This bipartisan effort follows earlier resolutions to repeal tariffs on Canada and Brazil, signaling a significant shift in U.S. trade policy. The move is crucial as it may enhance international trade relations and reduce costs for American consumers and businesses, fostering a more favorable economic environment.

Drone footage has revealed the extensive damage caused by Hurricane Melissa in the Jamaican town of Amity, located in Westmoreland parish. The video compares the destruction to pre-storm images from Google Earth, highlighting the debris and damaged homes. This situation is significant as it underscores the impact of natural disasters on communities, prompting discussions on disaster preparedness and recovery efforts.

In Australia, a recent study reveals that teachers are underpaid by a staggering $11.5 billion, highlighting a significant issue in the education sector. As MPs from the Liberal and National parties convene to discuss net zero policies, the focus on teacher compensation underscores the ongoing struggles within the profession. With educators working an average of 50 hours a week but only compensated for 38, this situation raises concerns about the value placed on teaching and its impact on the quality of education. Addressing these disparities is crucial for attracting and retaining talent in schools.

The Canada Border Services Agency (CBSA) has reported a significant seizure of Chinese drug chemicals at the Tsawwassen Container Examination Facility in British Columbia. This announcement comes just a day before a crucial meeting between Canadian official Mark Carney and Chinese leader Xi Jinping, highlighting the ongoing efforts to combat drug trafficking and ensure public safety. The timing of the report underscores the importance of international cooperation in addressing drug-related issues.

Prince Andrew is set to lose his royal titles and will be moving out of the Royal Lodge in Windsor, as confirmed by Buckingham Palace. This decision comes after King Charles initiated a formal process to strip Andrew of his titles, and he will now be referred to as Andrew Mountbatten Windsor. The move marks a significant shift in the royal family's dynamics and reflects ongoing changes within the monarchy, highlighting the consequences of past controversies surrounding Andrew.

The latest deprivation index reveals a troubling picture of inequality in Britain, highlighting how geography and housing costs are exacerbating poverty, particularly in areas like Jaywick and London. This matters because it underscores the systemic issues that contribute to the widening gap between the wealthy and the impoverished, affecting the lives of countless families and children who are trapped in low-income households.