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Rachel Reeves has been dealt a fresh blow as damning new graphs reveal the UK's flatlining economy and decline in multiple industries since Labour has been in government. The new data, released today by the Office for National Statistics (ONS), shows the economy shrinking for a second month in a row in October, despite analysts previously predicting 0.1% growth. The period covers the four weeks prior to Reeves' highly controversial Budget and marks the first back-to-back decline since the start of the COVID -19 pandemic. Gross domestic product (GDP) - the value of goods and services produced by a country - fell by 0.1% between August and September, and another 0.1% between September and October. Since Labour won the election in July, the economy has stagnated or declined every month except August, which puts pressure on the Bank of England to reduce interest rates in order to stimulate the economy and increase consumer spending. Looking closer at the ONS figures, they reveal that production, construction, and the services sector all declined during the same period. Factories and mining firms are also becoming less economically viable ; both experience output production delcines of 0.6% after a 0.5% shrinkage in September. Construction companies' output also declined by 0.4%, which may make reaching Labour's taregt of building 1.5 million new homes across the country even harder to reach. Reeves was forced to respond to the "disappointing" figures, realsing a statement maintaining her government has a plan for "long-term economic growth". She said: "While the figures this month are disappointing, we have put in place policies to deliver long-term economic growth." The Tories were quick to hit back at the recent economic downturn under the new Labour government, accusing Reeves of poor decision making. Mel Stride, the party's spokesperson on the economy, said: "It is no wonder businesses are sounding the alarm. This fall in growth shows the stark impact of the chancellor's decisions and continually talking down the economy."

By Peter Moses The Nigerian Aviation Handling Company Plc (NAHCO) yesterday announced a five – year business transformation plan with a projected revenue of N300billion by 2029. The group said its plan to build a “new NAHCO”, centered around four key pillars including an accelerated growth in business, differentiated with operational excellence to deliver a transformed people and culture. The group led by its Chairman, Seinde Fadeni, disclosed this on Tuesday during the company’s closing gong ceremony and the “Facts Behind The Figures” presentation at the NGX, Lagos. Fadeni was flanked by Peter Olusola Obabori, Executive Director & Head-International Business, Adeoye Emiloju is the Chief Financial Officer (CFO) among others. Emilolu disclosed that the group is targeting N300bn revenue by 2029 with contribution from its subsidiaries – Ground Handling (N120bn); Cargo Handling (N40bn); NAHCO Logistics Services (N36bn); NAHCO Free Zone (N15bn); NAHCO Commodities (N80bn); NAHCO Travel and Hospitality (N75bn) and Aviation Academy (N2bn). In non-financial targets, he said the group is targeting 85 per cent customer satisfaction, 95 per cent customer retention, 90 per cent automated processes, 80 per cent digital adoption rate among others. The CFO said the projected growth trajectory has compelled the group to prioritise operational efficiency and performance improvement. He also identified the organisation’s commitment to people, processes and technology as major driving forces to achieve the target. He said, “Our projected revenue of N300 billion in the next five years is planned to happen in this way. “As at October, 2024, we had achieved N32.49 billion and we intend to close the year with about N50bn. In 2025, we will move to N71 billion and in 2026, our expectation is that we will do N101.9bn. By 2027, we will be at 146 billion. In 2028, it will be doing about N209.34 billion. And in 2029, we will achieve our N300 billion.” Speaking on the re-fleeting drive, Obabori disclosed that $5.2m worth of Ground Support Equipment (GSEs) were added to NAHCO Plc’s GSEs in 2024, while $4.7m worth is expected to be delivered by the H1 2025. Fadeni stated that “As a company that has consistently paid high dividends over the years, NAHCO will continue to seek higher dividends for its shareholders. In his welcome address, the CEO of NGX, Jude Chiemeka, applauded the revenue drive of the group despite the “Challenging environment that we find ourselves in.” Join Daily Trust WhatsApp Community For Quick Access To News and Happenings Around You.Skattebo and Arizona State to the playoff after 45-19 win over Iowa State in Big 12 title game ARLINGTON, Texas (AP) — Big 12 newcomer Arizona State will represent the conference in the 12-team College Football Playoff. Cam Skattebo ran for 170 yards and two scores while adding a touchdown catch the 12th-ranked Sun Devils beat No. 16 Iowa State 45-19 in the Big 12 championship game. The Sun Devils with 34-year-old head coach Kenny Dillingham are 11-2 after being the preseason pick to finish at the bottom of their new 16-team league. They have won six games in a row. Iowa State is 10-3, already the first 10-win season in the program's 133-year history. Boise State makes the College Football Playoff as Big 12's 1st-round bye chances dim INDIANAPOLIS (AP) — The first big win in college football’s postseason goes to Boise State. The have Broncos captured the Mountain West Conference title and earned their spot in the sport’s first 12-team playoff. As for the losers, there was UNLV, which fell 21-7 to Heisman hopeful Ashton Jeanty and the Broncos in the conference title game. But more than that, it was the Big 12, which saw one path to a first-round bye in those playoffs blocked off by Jeanty and Company. Lindsey Vonn competes in a pair of downhills, another step on her comeback trail at the age of 40 COPPER MOUNTAIN, Colo. (AP) — Lindsey Vonn finished in the middle of the pack in a pair of lower-level downhill events as she competed for the first time in nearly six years. The 40-year-old Vonn is on the comeback trail after stepping away from the sport because of injuries. Vonn wasn't concerned with times and places in the races so much as getting used to the speed again and gaining the necessary points to compete on the World Cup circuit. Vonn accomplished both, finishing 24th in the first downhill race of the day and 27th in the second. She posted on social media after the FIS races she had enough points to enter World Cup events. Man City drops more points after draw with Crystal Palace and Man United loses again Manchester City’s Premier League title defense has taken another blow after a 2-2 draw with Crystal Palace. Four-time defending champion City ended a seven-game winless run on Wednesday by beating Nottingham Forest. But City has dropped more points on Saturday after the draw at Selhurst Park. It could have been worse for City after Palace led twice. Pep Guardiola’s team is fourth in the standings and eight points behind leader Liverpool. Liverpool has a game in hand after its derby with Everton was postponed due to a storm. Amber Glenn becomes first US woman in 14 years to win figure skating Grand Prix Final GRENOBLE, France (AP) — Amber Glenn has become the first American to win the women’s Grand Prix Final competition since Alissa Czisny 14 years ago. Glenn landed a triple axel on her way to a total score of 212.07 points to beat Japan's Mone Chiba and triple world champion Kaori Sakamoto. That continues a stunning breakout season at the age of 25 for Glenn. The U.S. could win two more titles later Saturday. Ilia Malinin leads the men’s event ahead of the free skate and Madison Chock and Evan Bates lead the ice dance. Norris takes pole for season-ending Abu Dhabi GP and Hamilton 18th in Mercedes farewell ABU DHABI, United Arab Emirates (AP) — Lando Norris took pole position for the last Formula 1 race of the season alongside teammate Oscar Piastri to put McLaren on the verge of a first constructors’ title in 26 years. Norris’ last lap put him .209 of a second faster than Piastri, with Ferrari’s Carlos Sainz Jr. .020 further back. Seven-time F1 champion Hamilton qualified 18th for his last race with Mercedes after a bizarre incident wrecked his final qualifying lap. A plastic pole marking the inside of a corner was knocked loose by Kevin Magnussen’s Haas and Hamilton drove over it. Big 12's Yormark brings up hard choices for fans before sparsely attended title game ARLINGTON, Texas (AP) — College football fans are facing some hard choices in the expanded playoff system with some teams set to play away from home multiple times. Big 12 Commissioner Brett Yormark raised that point before the sparsely attended title game between No. 12 Arizona State and 16th-ranked Iowa State. There were thousands of empty seats at the home of the Dallas Cowboys. Yormark says he remains committed to having a Big 12 title game. Besides the issues of fans, there have been suggestions that some leagues might be better off without title games as it relates to playoff hopes. Everton vs. Liverpool postponed because of Storm Darragh. Other Premier League games remain on LIVERPOOL, England (AP) — The Merseyside derby between Everton and Liverpool has been postponed because of Storm Darragh's dangerous winds and heavy rain on the west coast. The Met office says parts of Wales have experienced wind gusts of over 90 mph. The four other Premier League games Saturday remained on as planned. Manchester United will host Nottingham Forest at 5:30 p.m. local time at Old Trafford. The remaining games start at 3 p.m. local time. Aston Villa hosts Southampton and urged fans to use extra time to get to Villa Park in Birmingham. In London, Brentford will host Newcastle, and Crystal Palace will host Manchester City. Ashton Jeanty lets his play do the talking for CFP-bound Boise State BOISE, Idaho (AP) — After Ashton Jeanty streaked through the middle of UNLV’s defense on his way to a 75-yard touchdown run Friday night in the Mountain West Conference title game, he didn’t strike the Heisman pose. He didn’t even lobby for it after the game, instead letting his play do the talking in No. 10 Boise State's 21-7 victory over No. 19 UNLV 21-7. Jeanty added another 209 yards — his sixth game over 200 yards this season — to push his total to 2,497 — just 132 yards short of passing Barry Sanders’ FBS season rushing record. The Broncos earned a spot in the College Football Playoff with the victory. No. 24 Army wins AAC championship in first attempt as Daily runs for 4 TDs in 35-14 win over Tulane WEST POINT, N.Y. (AP) — Bryson Daily rushed for four touchdowns to tie the American Athletic Conference championship game record, and No. 24 Army completed a perfect first season in the league by beating Tulane 35-14. Kanye Udoh rushed for 158 yards, including a 72-yarder to set up a Daily TD, and a score. Daily added 126 yards on the ground for the Black Knights, who overwhelmed AAC opponents with their bruising, clock-eating rushing attack during their first around the league, then ran it to perfection in the championship game. Army moved to 11-1. Daily had runs of 5, 3, 4 and 7 yards.

Starmer's box office moment fell flat but he'll be judged on his deliveryNagpur: Influential persons from across various sectors sharing success stories and presentation of awards to those who worked for social development were the highlights of the inaugural day of the 11th edition of the prestigious Global Nagpur Summit, organised by Nagpur First, at the Indian Institute of Management ( IIM ) at Mihan-SEZ. Prasanna Mohile , the national head for corporate affairs and executive board member at Pernod Ricard India, delivered the inaugural address. Bhimraya Metri, director of IIM Nagpur, welcomed the guests and delegates. Shashank Rao, co-founder and International Chair of Nagpur First Foundation, provided an overview of the organisation's journey, highlighting its achievements and future vision. Karuna Gopal, president of Foundation for Futuristic Cities, centred her discussion on innovation, leadership, and the path forward for India in the global economy. Tanveer Mirza, India Chair for Nagpur First Foundation and Social Track Chair, in his humorous tone, elaborated on the combination of "sarkar, samaj, and bazar (Govt, society and business)" for embracing environmental responsibilities and introduced the Change Makers – individuals and organisations working to revolutionise the social landscape of the region. A range of Change Maker Awards were presented to organisations such as Aroha Multipurpose, Aura Park, Jui Pandharipande, Lifeskill Foundation, TCS CSR Initiative, Asra Foundation, Sistema Bio Carbon Credit, Welspun Foundation for Health, ICICI Foundation, Bajaj Foundation, Smart U Krishi Khata, Pipo LE Pipe, Abhy Gomchi, Jamshed Singh Kapoor, Swapnil Masram, and Orient Foundation. Following the Impact Talk, the Social Track segment began, with remarkable success stories shared by influential figures from across various sectors. Speakers included Manohar Bhojwani, national head of Daal Mill Cluster, Saurabh Lohani, regional head of Spunwell Syntext Ltd, Sunil Kumar, divisional head of Bajaj Foundation, Bombay, and Raju Petkar, along with Richa Singh from the ICICI Foundation. The stories offered a glimpse into the groundbreaking work being done to foster social development in Central India. The Social Track also featured over 50 exhibitors showcasing their work and social initiatives, offering attendees a chance to explore new ideas and innovations aimed at social upliftment. The inauguration ceremony was hosted by Richa Sugandhh, and the summit was attended by key figures from Nagpur First, including founder and chairman Emeritus Dinesh Jain, along with Shashank Rao, Tanveer Mirza, Vivek Nanoti (Environment Track Chair), Rizwan Ahmed (Technology Track Chair), Jayprakash Parekh (Treasurer), Amitabh Khanna, Austria Ambassador Hakimuddin Ali, and NF Ambassador Faiz Waheed. The summit promises to be an enriching platform for discussion, networking, and the sharing of innovative ideas that will shape the future of Nagpur and the wider region. Nagpur: Influential persons from across various sectors sharing success stories and presentation of awards to those who worked for social development were the highlights of the inaugural day of the 11th edition of the prestigious Global Nagpur Summit, organised by Nagpur First, at the Indian Institute of Management (IIM) at Mihan-SEZ. Prasanna Mohile, the national head for corporate affairs and executive board member at Pernod Ricard India, delivered the inaugural address. Bhimraya Metri, director of IIM Nagpur, welcomed the guests and delegates. Shashank Rao, co-founder and International Chair of Nagpur First Foundation, provided an overview of the organisation's journey, highlighting its achievements and future vision. Karuna Gopal, president of Foundation for Futuristic Cities, centred her discussion on innovation, leadership, and the path forward for India in the global economy. Tanveer Mirza, India Chair for Nagpur First Foundation and Social Track Chair, in his humorous tone, elaborated on the combination of "sarkar, samaj, and bazar (Govt, society and business)" for embracing environmental responsibilities and introduced the Change Makers – individuals and organisations working to revolutionise the social landscape of the region. A range of Change Maker Awards were presented to organisations such as Aroha Multipurpose, Aura Park, Jui Pandharipande, Lifeskill Foundation, TCS CSR Initiative, Asra Foundation, Sistema Bio Carbon Credit, Welspun Foundation for Health, ICICI Foundation, Bajaj Foundation, Smart U Krishi Khata, Pipo LE Pipe, Abhy Gomchi, Jamshed Singh Kapoor, Swapnil Masram, and Orient Foundation. Following the Impact Talk, the Social Track segment began, with remarkable success stories shared by influential figures from across various sectors. Speakers included Manohar Bhojwani, national head of Daal Mill Cluster, Saurabh Lohani, regional head of Spunwell Syntext Ltd, Sunil Kumar, divisional head of Bajaj Foundation, Bombay, and Raju Petkar, along with Richa Singh from the ICICI Foundation. The stories offered a glimpse into the groundbreaking work being done to foster social development in Central India. The Social Track also featured over 50 exhibitors showcasing their work and social initiatives, offering attendees a chance to explore new ideas and innovations aimed at social upliftment. The inauguration ceremony was hosted by Richa Sugandhh, and the summit was attended by key figures from Nagpur First, including founder and chairman Emeritus Dinesh Jain, along with Shashank Rao, Tanveer Mirza, Vivek Nanoti (Environment Track Chair), Rizwan Ahmed (Technology Track Chair), Jayprakash Parekh (Treasurer), Amitabh Khanna, Austria Ambassador Hakimuddin Ali, and NF Ambassador Faiz Waheed. The summit promises to be an enriching platform for discussion, networking, and the sharing of innovative ideas that will shape the future of Nagpur and the wider region. Stay updated with the latest news on Times of India . Don't miss daily games like Crossword , Sudoku , and Mini Crossword .

Top News on December 7: Death threat against PM Modi, unrest in Syria and Bangladesh, rift within Maharashtra MVAMiddle East latest: An Israeli strike on a Gaza hospital kills a teen in a wheelchairAncient meets modern as a new subway in Greece showcases archaeological treasures