Author: News Desk

The Guardian says the global rout in stock markets, cryptocurrencies and other risky assets has gathered pace amid growing concern that out-of-control inflation, rising interest rates and slowing growth could combine to tip the world into recession.

The Guardian says Marcy Houses, the 28-acre public housing development in Brooklyn’s Bedford-Stuyvesant neighborhood, is best-known as a pillar of rapper-turned-mogul Jay-Z’s New York persona.

The Guardian says Gatwick airport will reduce its summer capacity to ward off potential chaos, after dozens of last-minute cancellations wrecked the travel plans of holidaymakers over the platinum jubilee and half-term holiday.

The Metro says a Ryanair worker commandeered a plane’s tannoy system to slate the company during a flight.

The Independent says As news emerged of a tragedy involving a disabled passenger who had just arrived at Gatwick, the airport has announced plans to cap operations in July and August.

Many of Friday’s papers reflect on gloomy economic news.

BBC News says Gatwick Airport is reducing the number of flights during the peak summer period due to staff shortages.

Sky News says Britain’s sweltering heatwave is set to peak on Friday with temperatures of up to 34C (93.2F).

France24 says Russia’s war in Ukraine has pushed global displacement numbers above 100 million for the first time, and the UN warns the resulting hunger crisis could force many more to flee their homes.

Euronews says Ukraine should be given candidate status for European Union membership, Emmanuel Macron, Olaf Scholz and Mario Draghi affirmed on Thursday during a visit to Kyiv.