News Headlines - 10 May 2015
▽Transformer sparks fire at nuclear plant - CNN.com
A transformer failure at the Indian Point nuclear power plant caused an explosion and fire at the facility Saturday evening, sending billows of black smoke into the air near Buchanan, New York.
▽Bank set to signal death of deflation | The Sunday Times
Markets are likely to interpret the quarterly inflation report as an indication that the Bank is ready to start raising interest rates over the next 12 months, after more than six years in which Bank rate has been held at a record 0.5% low.
There has been speculation that deflation would push any rate increases even farther off, but the Bank is expected to say that, after two months of zero inflation, higher inflation is likely in the coming months.
A fierce Labour leadership battle has broken out just two days after Ed Miliband stood down, leading to fears of a bloody contest that could set the party fall back further after its worst election defeat in more than 20 years.
▽Yemen Houthi rebels 'positive' over Saudi truce plan - BBC News
Rebels in Yemen say they will respond "positively" to a ceasefire offer by the Saudi-led coalition that has been carrying out air strikes against them.
▽David Hockney: too many gay men just want to lead ordinary, boring lives - Telegraph
David Hockney, who at 77 remains Britain’s greatest living artist, has complained that too many gay men have become ‘boring’ and ‘conservative’.
Hockney said in an interview that too many gay men were determined to lead ‘ordinary’ lives by entering into civil partnerships and having children through adoption or surrogate mothers.
