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The joint bid from Morocco, Portugal and Spain was the sole candidate to host the tournament. Spain have been awarded the World Cup weeks after their disgraced former chief Luis Rubiales was forced to step down for alleged sexual assault at the Women's World Cup. "As a result, a celebration will take place in South America and three South American countries - Uruguay, Argentina and Paraguay - will organise one match each of the FIFA World Cup 2030." WORLD CUP RETURNS TO SPAINWhile Portugal and Morocco have never hosted the World Cup, Spain last hosted the tournament in 1982. "I am sure that together with Morocco and Portugal we will organise the best World Cup in history," he said.
Persons: Lionel Messi, Carl Recine, Luis Rubiales, Gianni Infantino, Infantino, Robert Harrison, Pedro Rocha, Fernando Gomes, King Mohammed VI, FIFA's, Rohith Nair, Daniela Desantis, Osama Khairy, Emma Pinedo Gonzalez, William Maclean Organizations: Soccer Football, FIFA World, Qatar, Lusail, REUTERS, Uruguay, FIFA, Argentine Football Association, FIFA Council, Montevideo's Estadio Centenario, Paraguayan Football Association, South, Management, Royal Spanish Football Federation, Portuguese Football Federation, Christian, Thomson Locations: Argentina, France, Lusail, Qatar, Morocco, Spain, Portugal, Paraguay, Uruguay, Montevideo, South America, Asia, Oceania, Bengaluru, Asuncion
Much as he would have liked to significantly increase supplies, Biosca-Reig said he couldn't justify investing millions of euros in new production lines unless he was paid more for the generic drug to cover sharply rising costs. European generic drugmakers say the tender system and regulated prices have fuelled a race to the bottom, and European firms are being undercut by suppliers from Asia. BRUSSELS, WE HAVE A PROBLEMThe European Medicines Agency (EMA) and European Union lawmakers acknowledge there is a problem. Half the generic medicines sold in Spain are priced below 1.60 euros per box or bottle, the country's generics manufacturing association said. But companies with smaller market shares, such as Israel's Teva (TEVA.TA), which has 5% of the region's amoxicillin market according to Medicines for Europe, are constrained.
Strengthening the case for another 75 basis point increase, German inflation jumped to 10.9% this month, far beyond expectations for a reading of 10%. "There is no easing in sight, and next year the inflation rate is only likely to fall because energy prices are unlikely to rise again as strongly as this year, partly due to government intervention," Commerzbank economist Ralph Solveen said of the German inflation figures. While few governors ventured to estimate where interest rate hikes could end, de Cos said that models suggest a significantly lower terminal rate than markets now expect. "On the basis of current information, the median terminal rate value across models is at 2.25%-2.50%," de Cos said. Rate hike talk is intensifying even as recession fears rise.
"Were dysfunction in this market to continue or worsen, there would be a material risk to UK financial stability," the BoE warned. One source at the Treasury said Kwarteng would not resign, and the government would not reverse its policy. A second person familiar with the situation said Truss still backed Kwarteng and they would announce further economic reforms soon. One source at the meeting said Kwarteng had asked the assembled finance bosses what they could do to calm markets. U.S. bond giant PIMCO said it would have less confidence in sterling than it did before last Friday's announcement.
"Were dysfunction in this market to continue or worsen, there would be a material risk to UK financial stability," the British central bank said. By 2:48pm (1348 GMT) it was trading down 0.5% at $1.0679, a fall of 12% in the last three months. The BoE said it would return to its plan to sell bonds and its launch was only postponed until the end of October. RESTORE ORDEROn Monday the BoE said it would not hesitate to raise interest rates and was monitoring markets "very closely". But the slide in bond prices continued unabated on Wednesday, prompting the BoE to make its move.
"Were dysfunction in this market to continue or worsen, there would be a material risk to UK financial stability," the central bank said in a statement that immediately eased pressures on soaring British government bond yields. The Bank of England said on Monday it would not hesitate to raise interest rates and was monitoring markets "very closely". Earlier on Wednesday 30-year British government bond yields rose above 5% for the first time since 2002. "An irresponsible, destructive fiscal policy." In his remarks on Tuesday, BoE Chief Economist Pill said financial market upheaval would have a big impact on the economy and would be factored into the Bank's next forecasts.
Endive farmers Emmanuel Lefebvre and Christophe Mazingarbe walk in a field of endive plants in Bouvines, France, September 15, 2022. Across northern and western Europe, vegetable producers are contemplating halting their activities because of the financial hit from Europe's energy crisis, further threatening food supplies. Surging gas prices are the biggest cost vegetable farmers cultivating inside greenhouses face, farmers said. HEADING SOUTHFarmers are not just contending with spiralling energy prices. read moreEven in sun-flushed countries like Spain, fruit and vegetable farmers are grappling with a 25% increase in fertiliser costs.
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