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UBS reported profits exceeding analyst expectations, driven by a record performance in its markets division amid global volatility. Meanwhile, Donald Trump criticized Federal Reserve Chair Jerome Powell and touted his economic policies at a rally. In local elections, Nigel Farage's Reform party is expected to gain significant ground, potentially reshaping British politics. Ikea supports a pedestrian-only Oxford Street in London, aligning with Mayor Sadiq Khan's vision while opening a new store in the area.
The paper highlights progress in attracting investors for the Sizewell C nuclear power plant. On April Fool’s Day, various MPs engaged in humorous pranks, while Shadow Justice Secretary Robert Jenrick briefly retweeted a controversial post before deleting it. In international news, China conducted military drills near Taiwan, and National Rally President Jordan Bardella expressed support for Marine Le Pen following her embezzlement conviction.
Elon Musk's initiative to reduce the federal workforce, part of Donald Trump's "department of government efficiency," could disrupt the labor market, as economists warn that cutting jobs from the 3 million civilian employees may hinder job creation. Musk and co-head Vivek Ramaswamy aim for $500 billion in savings through mass layoffs, raising concerns about the impact on job seekers and potential increases in contractor costs. Meanwhile, Trump has nominated Paul Atkins to lead the SEC, signaling a crackdown on Big Tech, as he reshapes his administration with loyalists and financial experts.
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ubs profit exceeds expectations amid market volatility and global economic concerns
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07:36 30.04.2025
political pranks and serious issues dominate recent news headlines
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