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☆ A supercomputer is tracking one of most exciting soccer title races for years. It keeps coming up with different predictions
▼ + stars: | 2024-04-05 | by ( Ben Church | ) edition.cnn.com time to read: +8 min

CNN —A supercomputer is tracking one of the most exciting English Premier League title races in years and with three clubs involved, separated by a matter of points, it keeps spitting out different predictions as it analyzes thousands of simulations. Liverpool leads the title race on 70 points, with Arsenal second on 68 and City third on 67. Manchester City has the chance to win an unprecedented fourth straight Premier League title. Oli Scarff/AFP/Getty ImagesTwists and turnsLiverpool’s result follows a successful night for Manchester City and Arsenal on Wednesday, with both teams easing to victories. The team now looks focused on winning a league title as the perfect way of saying thank you to Klopp after his years of service.

Persons: “, ”, Oli Scarff, Kevin De Bruyne, Erling Haaland, Phil Foden, –, Arsenal breezed, Mikel Arteta, Martin Ødegaard’s, they’ll, Guardiola, David Price, ” Guardiola, Arteta, Klopp, Sheffield United – Klopp, Darwin, Conor Bradley, Mo Salah, Molly Darlington, Nunez, Ivo Grbic’s, Alexis Mac Allister, Cody Gakpo, ” Klopp, – it’s Organizations: CNN, English, League, – Liverpool, Arsenal, Manchester City –, Premier League, Liverpool, ”, Sheffield United, Manchester City, Reds, Aston Villa, Champions League, Crystal, team’s Champions League, Real Madrid, City, Manchester United, Old, FA, Arsenal FC, Getty, Invincible, Gunners, Luton, Reuters, Chelsea Locations: Liverpool, AFP, City, Luton, Old Trafford, Arteta, London, Chelsea

☆ Kate’s cancer revelation throws royal family into fresh turmoil
▼ + stars: | 2024-03-23 | by ( Lauren Said-Moorhouse | Max Foster | ) edition.cnn.com time to read: +15 min

Yet again, the royal family could face some difficult questions about what they chose to reveal to the public, and when. Kin Cheung/Pool/AFP/Getty Images Kate Middleton, seen here at age 3, was born on January 9, 1982, in Reading, England. Richard Heathcote/Getty Images Kate and Prince William pose for photographers during an event to mark their engagement in 2010. Hannah McKay/Reuters From left, Prince William, Kate, Prince Harry and Meghan, the Duchess of Sussex, wave to a crowd outside Windsor Castle ahead of the Queen's funeral in 2022. Yui Mok/WPA Pool/Getty Images Kate attends the National Service of Remembrance at The Cenotaph in London in November 2023.

Persons: Catherine , Princess, Wales, ”, Kate, “ KATE, Prince William, Kate –, Queen Camilla, King Charles III’s, Catherine , Princess of, Kelly Holmes, Kelly Holmes Trust —, Kin Cheung, Kate Middleton, Middleton, Pippa, Michael, Clarence House, Stephen Lock, Shutterstock Prince William, Richard Heathcote, William, Princess Diana, Ben Stansall, Prince Harry, Pippa Middleton, Kirsty Wigglesworth, John Stillwell, Charles Dharapak, Queen Elizabeth II, Stefan Wermuth, Elizabeth II, Arthur Edwards, Harry Potter, Chris Jackson, Prince George, Princess Charlotte, Prince Philip, Prince Charles, Camilla, Dominic Lipinski, Prince Louis, Charlotte, Aaron Chown, Oli Scarff, Queen, Hannah McKay, Meghan, Duchess of, Emilio Morenatti, Paul Grover, King Charles III, Yui Mok, Reuters Kate, Turlough Mor, Seamus, Karwai Tang, Choo Kyung, Max Mumby, Henry Nicholls, David Cliff, Diana, of, Rishi Sunak, “, Princess, Princess of Wales, CNN Kate, Easter, Prince William –, Gupta, George, Louis, Prince, Kate’s Organizations: London CNN, Times, Sun, Kelly Holmes Trust, Getty, University of St, English rugby, Nations, Italy, Westminster Abbey, Buckingham Palace, Queen, Mary's, Trench, Culture Yard, Royal Air Force, Reuters, Hall, Horse Guards, Irish Guards, National Service of, Images Police, London Clinic, Getty Images, Press Association, Britain, Mary’s, British, CNN, CNN’s Royal Locations: British, Catherine , Princess of Wales, Bath, England, Reading, Jerash, Jordan, Blenheim, Oxfordshire, Andrews, Scotland, AFP, Westminster, London, Buckingham, South Pacific, Tuvalu, St, St . Austell, Kingston , Jamaica, Caribbean, Duchess of Sussex, Windsor, South Korea, Kensington, Wales, Lindo, London’s St, of Wales, Princess

☆ Russia’s invasion of Ukraine sparked a defense boom. It’s likely to outlast the war
▼ + stars: | 2024-02-24 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

“While some Ukraine-related orders are starting to come through, restocking and the impact of ongoing defense spending increases will be evident further down the line,” he noted. ‘Era of insecurity’Continued US military support for Ukraine on the scale of the past two years is looking increasingly unlikely. But the pressure on Western governments to beef up their military coffers will outlast the Ukraine war, analysts say, and it started to rise even before Moscow sent its troops marching toward Kyiv two years ago. The febrile global environment has helped lift the shares of Renk, a newly-listed German maker of military tank gearboxes, including those donated by Berlin to Ukraine. And this appeal is unlikely to fade soon, given growing defense spending by governments.

Persons: Lockheed Martin, That’s, Jens Stoltenberg, ” Trevor Taylor, Russia wouldn’t, Micael Johansson, Johansson, “, Charles Woodburn, ”, House Republicans —, Donald Trump, Moscow, Oli Scarff, Trump, Joe Biden, Houthi, It’s, Susanne Wiegand, Myles Walton, Sweden’s, … Organizations: London CNN, Russia, Kyiv, BAE Systems, Thales, Rheinmetall, Lockheed, Northrop Grumman, Atlantic Treaty Organization, NATO, Royal United Services Institute, CNN, Saab, Ukraine, House Republicans, Republican, Kiel Institute, European Union, Getty, International Institute, Strategic, Renk, Reuters, New, Wolfe Research, Sweden’s Saab Locations: Ukraine, Moscow, United States, Canada, Russia, London, Europe, Swedish, Poland, Kyiv, Congress, German, European, Newcastle, Tyne, England, AFP, Beijing, Taiwan, China, Israel, Red, Berlin, Frankfurt, Gaza, New York

☆ Julian Assange makes last-ditch attempt in UK court to avoid extradition to the US
▼ + stars: | 2024-02-20 | by ( Lauren Said-Moorhouse | Claudia Rebaza | ) edition.cnn.com time to read: +14 min

LEON NEAL/AFP/Getty Images Assange attends a seminar at the Swedish Trade Union Confederation in Stockholm on August 14, 2010. LEON NEAL/AFP/Getty Images Assange and his bodyguards are seen after a news conference in Geneva, Switzerland, in November 2010. FABRICE COFFRINI/AFP/Getty Images Assange, on the balcony of the Ecuadorian Embassy, holds up a United Nations report in February 2016. Carl Court/Getty Images Assange speaks to the media in May 2017, after Swedish prosecutors had dropped their investigation of rape allegations against Assange. Jack Taylor/Getty Images Assange was seen for the first time in months during a hearing via teleconference in Quito, Ecuador, in October 2018.

Persons: London CNN — Julian Assange’s, Priti Patel, Assange, Julian Assange, Jack Taylor, LEON NEAL, BERTIL ERICSON, FABRICE COFFRINI, Carl Court, Geoff Caddick, Oli Scarff, CARL COURT, Leon Neal, Philip Toscano, Ricardo Patino, Frank Augstein, David Paul Morris, John Stillwell, Mike, Pompeo, Maria Sol Borja, Chelsea Manning, Alastair Grant, Daniel Leal, Elizabeth Cook, Assange’s, Edward Fitzgerald, ”, “, ” Fitzgerald, Fitzgerald, Assange “, ” Mark Summers, Stella, Julia Hall, Rebecca Vincent, ” Vincent, Nick Vamos, “ It’s, Vamos Organizations: London CNN, WikiLeaks, European, of Human Rights, Ecuadorian, Guardian, Getty, Swedish Trade Union Confederation, St, Paul's, Court, British, Ecuadorian Embassy, Oxford Union Society, Ecuadorian Foreign, Southwest Festival, Bloomberg, United Nations Human Rights, United, United Nations, CIA, CNN, Army, Ecuador, Southwark Crown, Metropolitan Police, US Justice Department, Eastern, of, Department, US, UK’s, Media, Foreign Press Association, Amnesty, International Campaigns, US Espionage, Peters & Peters, Prosecution Service Locations: United States, British, Belmarsh, Queensland, Australia, Westminster, London, Afghanistan, AFP, Stockholm, Iraq, Geneva, Switzerland, Sweden, Ecuador, Austin , Texas, Ecuadorian, United Nations, United Kingdom, Quito, Southwark, America, of Virginia, Guantanamo, Australian, Europe, UK’s

☆ Pope Francis takes on vested interests to speak out on humanitarian crises
▼ + stars: | 2024-01-23 | by ( Analysis Christopher Lamb | ) edition.cnn.com time to read: +18 min

Pope Francis received an emotional welcome on the island during a visit showing solidarity with migrants fleeing war and poverty. ARIS MESSINIS/AFP/Getty Images Pope Francis confesses in St. Peter's Basilica during the Vatican's Penitential Celebration on Friday, March 4, 2016. Alessandro Di Meo/AP Pope Francis arrives for his visit with prisoners in Santa Cruz, Bolivia, on Friday, July 10, 2015. Franco Origlia/Getty Images Pope Francis and Ecumenical Patriarch Bartholomew I address the faithful in Istanbul on Sunday, November 30, 2014. Gokhan Tan/Getty Images Pope Francis speaks during the feast-day Mass while on a one-day trip to Italy's Calabria region in June 2014.

Persons: Pope Francis, Cardinal Michael Czerny, Francis, “, ”, Regina Coeli, Vincenzo Pinto, Juan Manuel Santos, Santos, Alessandra Tarantino, L'Osservatore Romano, VINCENZO PINTO, Simon Bar Sabbae, Pope, FILIPPO MONTEFORTE, Karekin, TIZIANA FABI, Giuseppe Ciccia, MAX, Pope Francis tries, Pope Benedict XVI, Alessandro Di Meo, Evo Morales, OSSERVATORE ROMANO, Vladimir Putin, Putin, Federico Lombardi, Lombardi, Gregorio Borgia, Getty Pope Francis, Raul Castro, Castro, GABRIEL BOUYS, ANDREAS SOLARO, Kurukkal SivaSri, Mahadeva, Pope Francis in, Eranga, Franco Origlia, Bartholomew I, Gokhan Tan, San Gregorio Magno, Queen Elizabeth II, Prince Philip , Duke of Edinburgh, Oli Scarff, Barack Obama, SAUL LOEB, Santa Sabina, Max ROSSI, Daniele De Sanctis, Pope Francis ', FABIO FRUSTACI, Benedict XVI, Benedict, L'OSSERVATORE ROMANO, Osservatore Romano Pope Francis, Vinicio Riva, Riva, CLAUDIO PERI, Rainbow Association Marco Iagulli Onlus, Fotografia, Father Don Renzo Zocca, Osservatore Romano, LUCA ZENNARO, Jorge Saenz, Dan Kitwood, Jesus, Internationalis Paulus VI, Argentine Cardinal Jorge Mario Bergoglio, Roman Catholic Church's, Peter Macdiarmid, Pope Francis Prev, it’s, He’s, Filippo Monteforte, Donald Trump’s, Czerny, Trump, Donald Trump, Melania, Evan Vucci, Reuters “, ” Cardinal Czerny, Cardinal Czerny, doesn’t, Francis ’, “ Jesus Organizations: CNN, Getty Images, Colombian, Revolutionary Armed Forces, International Catholic Rural Association, Vatican, AFP, Getty, Catholic Chaldean, St, Mercy, ARIS MESSINIS, MAX ROSSI, Getty Images Bolivian, Cuban, Sunday, Queen, getty, Rainbow Association, Renault, Catholic, Roman Catholic, Intelligence, Warner Bros, Discovery, “, Republican, Reuters Locations: St, AFP, Colombia, Rome, Tbilisi , Georgia, Auschwitz, Birkenau, Poland, Etchmiadzin, Yerevan, Armenia, Vatican City, Moria, Lesbos, Peter's, Mexican, Havana, Cuba, Mexico, Santa Cruz , Bolivia, South America, Ecuador, Paraguay, La Paz, Bolivia, Italian, Ukraine, Iraq, Syria, Havana and Washington, Vatican, Pope Francis in Colombo, Sri Lanka, Istanbul, Italy's Calabria, Jerusalem's Old City, Argentina, Roman Parish, San, Rome's, Santa, Brazil, Rio de Janeiro, Argentine, America, Gaza, Nove, Lampedusa, Italy, Ciampino, Czechoslovakia, Canada, United States, Africa

☆ UK PM Rishi Sunak's leadership on rocky ground as party rebellion mounts
▼ + stars: | 2023-10-04 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +5 min

Britain's Prime Minister Rishi Sunak listens to a speaker address delegates at the annual Conservative Party Conference in Manchester, northern England, on October 2, 2023. (Members) should not blindly support a Conservative Party that no longer represents our values (and is) headed for electoral disaster. Independence Party (UKIP), was also in attendance and later said that a wing of the Conservative Party is "very much coming in [his] direction." "Two-thirds [of voters] think it's time for a change, and that's the real struggle that the Conservative Party has to turn around." Medical workers marched outside of the Conservative Party Conference in Manchester, England in a dispute with the government over pay.

Persons: Rishi Sunak, Oli Scarff, Sunak, Tory psychodramas, Liz Truss, —, Truss, Ronald Reagan, faithfuls, Priti Patel, Peter Cruddas, Patel, Boris Johnson —, Lord Peter Cruddas, I've, Lord Cruddas, Johnson, Nigel Farage, Farage, Gideon Skinner Organizations: Britain's, Conservative Party Conference, Afp, Getty Images, Conservative, Labour Party, Conservative Growth Group, Conservatives, Conservative Party, Conservative Democratic, Conservative Democratic Organisation —, Independence Party, UKIP, News Agents, Tories, Labour, CNBC Locations: Manchester, England, Getty Images MANCHESTER, ENGLAND

☆ Erling Haaland sits on bench as Manchester City knocked out of Carabao Cup with 1-0 defeat against Newcastle
▼ + stars: | 2023-09-28 | by ( George Ramsay | ) edition.cnn.com time to read: +3 min

CNN —Manchester City suffered a first defeat of the season against Newcastle United in the Carabao Cup as star striker Erling Haaland was left on the bench. It remained 1-0, however, condemning Guardiola to a third consecutive early exit in the Carabao Cup after defeats against Southampton last year and West Ham the year before. Oli Scarff/AFP/Getty ImagesAfter winning the Premier League, Champions League, and FA Cup last year, Wednesday’s loss means that Man City will be unable to go one better and win an unprecedented quadruple this season. “There are guys who have played a lot of minutes … I decided with this lineup, I always have done that in the Carabao Cup since day one when I arrived. In the Carabao Cup I always play the players who never regularly play.”Prior to the game, Guardiola had lamented not being able to travel by plane between Manchester and Newcastle.

Persons: Erling Haaland, Alexander Isak’s, St James ’, Julián Álvarez, Anthony Gordon, Bruno Guimarães, Isak, Pep Guardiola, Rico Lewis, Oscar Bobb, Haaland, Jeremy Doku, Matheus Nunes, Phil Foden, Guardiola, Oli Scarff, ” Guardiola, ”, “, Alexander Isak, Serena Taylor, “ I’m, Eddie Howe Organizations: CNN, Manchester City, Newcastle United, Newcastle, St James, Premier League, Southampton, Getty, Champions League, Wolves, Saturday, RB Leipzig, Arsenal, ”, Manchester United, ” Newcastle, Burnley Locations: City, Norwegian, West Ham, AFP, Manchester, Newcastle

☆ CNN is reportedly in talks to bring in a British boss to clean up Chris Licht's mess
▼ + stars: | 2023-08-28 | by ( Chris Johnston | ) www.businessinsider.com time to read: +4 min

Two British media figures have been linked with the top job at CNN, Semafor reported. Mark Thompson, the former New York Times Company CEO, is the "leading candidate," per the outlet. Not one, but two, British media figures have been linked with the role, Semafor first reported. Before an eight-year stint as The New York Times boss, he was director-general of the BBC. The decision to launch CNN Max comes about year after the company axed CNN+.

Persons: Semafor, Mark Thompson, James Harding, Chris Licht, Licht, Donald Trump, He'd, Jeff Zucker, Thompson, he'd, Semafor's Ben Smith, David Zaslav, Oli Scarff, Harding, WBD, CNN Max Organizations: CNN, New York Times Company, BBC News, Morning, The, Street Journal, New York Times, BBC, Financial Times, Washington DC, Max Locations: British, London, AFP, Asia, Washington

CNN —She might recently have surpassed the legendary Michael Phelps for the most career individual world swimming titles, but Katie Ledecky says the thrill of winning remains as powerful as ever. Ledecky eclipsed Phelps’ tally of 15 world swimming titles at the 2023 World Aquatic Championships in Fukuoka, Japan, in July. It was so much fun to represent Team USA at the international level again,” Ledecky told CNN’s The Source with Kaitlan Collins. For this reason, overtaking such a great of the sport was something that Ledecky hadn’t spent any time contemplating. “Michael [Phelps] is someone that I’ve known for a long time now and to break that record was cool.

Persons: Michael Phelps, Katie Ledecky, Ledecky, Phelps ’, ” Ledecky, Kaitlan Collins, “ I’ve, Clive Rose, Phelps, Ledecky hadn’t, “ Michael, “ I’m, “ It’s, Manan Vatsyayana, “, Oli Scarff, Simone Biles, I’ve Organizations: CNN, Team USA, University of Florida, University of Stanford, Getty Locations: Fukuoka, Japan, Paris, AFP, Stanford

☆ Champions League semi-final: Manchester City vs Real Madrid set for 'thrilling game' with final spot on the line
▼ + stars: | 2023-05-17 | by ( George Ramsay | ) edition.cnn.com time to read: +3 min

CNN —In perhaps the most eagerly anticipated club game of the season, Manchester City and Real Madrid go head-to-head for a place in the Champions League final on Wednesday. While Man City is the form team in Europe at the moment, Madrid has serious pedigree when it comes to the Champions League with five titles in the past nine years – and a record 14 overall. Erling Haaland (center) trains ahead of the Champions League semifinal against Real Madrid. The Champions League is the one trophy that has so far eluded Pep Guardiola’s side, which fell short against Madrid in the semifinals last year and against Chelsea in the final the year before that. “We are not stupid to [not] know how important tomorrow’s game is, maybe one of the most important games since we have been here, we cannot deny that.

☆ Wrexham secures promotion in front of jubilant owners Ryan Reynolds and Rob McElhenney
▼ + stars: | 2023-04-22 | by ( Aimee Lewis | ) edition.cnn.com time to read: +5 min

Racecourse Ground, Wrexham CNN —Wrexham fans are still singing, they will likely be singing into the night, serenading their famous owners in the process, because the wait for promotion is finally over. On a raucous evening at the Racecourse, and with Ryan Reynolds and Rob McElhenney – the actors who have transformed the club since their 2021 takeover – in the stadium, Wrexham secured promotion to the Football League after a 15-year absence. Wrexham will next season compete in League Two, the fourth tier of the English football league. New Wrexham fans, from Ohio, Los Angeles, Washington and Arizona, had come to Wales this week; some had tickets, some just wanted to be in the city to see for themselves what they had watched on TV. When Reynolds and McElhenney took ownership of the club in February 2021 few could have imagined the impact the pair would make.

☆ BBC engulfed in an impartiality storm of its own making
▼ + stars: | 2023-03-13 | by ( Rob Picheta | ) edition.cnn.com time to read: +12 min

“There is a long-established precedent in the BBC that if you’re an entertainment presenter or you’re a football presenter, then you are not bound by those same rules” on impartiality, former director-general Greg Dyke told BBC Radio 4 over the weekend. BBC Director General Tim Davie has made protecting impartiality one of his major priorities. Oli Scarff/AFP/Getty ImagesMore problematic still is that the same thorny questions about impartiality extend to the BBC’s leadership. “It’s a mess, isn’t it?” former BBC executive Peter Salmon told the cooperation’s flagship political presenter Laura Kuenssberg on Sunday. “He’s got views, he’s got passions … it may be that Gary has outgrown the job, and his role in the BBC.”

☆ Britain sets out plans to regulate crypto industry in wake of FTX collapse
▼ + stars: | 2023-02-01 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

In a widely-anticipated industry consultation launched Tuesday, the government proposed a number of measures aimed at bringing regulation of crypto asset businesses in line with that of traditional financial firms. A big theme that emerged in 2022 was the rise of risky loans made between multiple crypto firms and a lack of due diligence done on the counterparties involved in those transactions. The collapse of FTX has added urgency to global regulators' attempts to govern the regulation-averse crypto space. The regulatory move comes as crypto firms in both the U.K. and beyond are feeling the chill of a deep downturn known as "crypto winter." Global crypto hub ambitionsThe U.K. wants to become a leader in crypto and blockchain technology on the global stage.

☆ UK condemns 'barbaric' execution of British-Iranian national
▼ + stars: | 2023-01-14 | by ( ) www.reuters.com time to read: +1 min

[1/2] Britain's Prime Minister Rishi Sunak speaks during a meeting with a multi-disciplinary team who provide virtual care during a visit to the Rutland Lodge Healthcare Centre in Leeds on January 9, 2023. Oli Scarff/Pool via REUTERS/FilesLONDON, Jan 14 (Reuters) - Britain on Saturday called the execution by Iran of British-Iranian national Alireza Akbari a barbaric act and said it would not go unpunished. "I am appalled by the execution of British-Iranian citizen Alireza Akbari in Iran," British Prime Minister Rishi Sunak said on Twitter. "This was a callous and cowardly act, carried out by a barbaric regime with no respect for the human rights of their own people." British Foreign Secretary James Cleverly also tweeted to say: "This barbaric act deserves condemnation in the strongest possible terms.

☆ Manchester United owners, reviled by many of the team's fans, may sell club
▼ + stars: | 2022-11-23 | by ( ) www.nbcnews.com time to read: +3 min

Manchester United has said it was commencing a process to explore strategic alternatives, including a new investment or a potential sale, 17 years after the American Glazer family bought the English Premier League soccer club. The last silverware they won was the Europa League and League Cup back in 2017. Wealthy Asian tycoons, especially those from China, have been buying European teams in recent years including Premier League side Wolverhampton Wanderers and Italy’s Inter Milan. Manchester United shares jumped as much as 20% after Sky News first reported on the sale process, giving the club a market capitalization of $2.6 billion. The Glazers bought the club for 790 million pounds ($939.07 million) in 2005 in a highly leveraged deal which has been criticized for loading debt onto the club.

☆ A house price slump is coming. Rising unemployment could make it much worse
▼ + stars: | 2022-11-23 | by ( Hanna Ziady | ) edition.cnn.com time to read: +10 min

Brendon O'Hagan/Bloomberg/Getty ImagesNew Zealand is at the sharp end of a global housing market squeeze that has grim ramifications for the world economy. “In an ideal world, you’ll get a bit of froth blown off the top [of house prices] and everything is fine. “A decisive increase in unemployment is a very big danger for housing markets,” said Slater of Oxford Economics. Qilai Shen/Bloomberg/Getty ImagesA drag on the economyMost market watchers are not expecting a repeat of the 2008 housing market crash. But even a modest a fall in house prices will knock confidence, causing homeowners to cut back on spending.

☆ Brentford stuns Manchester City with 98th minute winning goal
▼ + stars: | 2022-11-12 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —Brentford defeated Manchester City 2-1 on Saturday at the Etihad Stadium, ending City’s run of 16 consecutive home victories with a breathtaking breakaway goal in the 98th minute that sealed victory. One moment, Phil Foden was taking a corner for Manchester City; a chance to set up a winning goal with the scores tied at 1-1 and the clock in added time. The next, Yoane Wissa had intercepted the ball and was haring down the wing to the opposite end of the pitch. Toney scores his team's first goal. Just ten minutes later, the Spaniard intervened in defense, somehow sweeping away another Brentford attempt on goal.

☆ Crypto's Lehman moment: Here's how Sam Bankman-Fried's FTX compares to the biggest collapse of the Global Financial Crisis
▼ + stars: | 2022-11-11 | by ( Phil Rosen | ) www.businessinsider.com time to read: +7 min

Experts have drawn comparisons between the collapse of crypto exchange FTX and the fall of Lehman Brothers in 2008. Here's how the two events compare and what FTX's fall means for the broader financial system. In the years leading up to the Great Financial Crisis, Lehman loaded its balance sheet with vast amounts of subprime mortgage debt. When the "bank run" began this week, FTX didn't have the funds to meet withdrawal requests. But compared to 14 years ago, it probably won't be FTX's downfall that sparks a broader financial crisis, Allen said.

☆ What do Indians think about Rishi Sunak’s rise? Like UK-India relations, it’s complicated
▼ + stars: | 2022-10-26 | by ( Rhea Mogul | ) edition.cnn.com time to read: +13 min

Now, an Indian-origin man has become the Prime Minister of England,” a Zee News anchor said. Leon Neal/Getty Images Sunak and Boris Johnson watch as a sheep is sheared during a visit to a farm in North Yorkshire, England, in July 2019. Danny Lawson/PA Images/Getty Images Sunak speaks during a general election debate in Cardiff, Wales, in November 2019. Hollie Adams/Bloomberg/Getty Images Sunak and Murty are seen with their daughters, Krishna and Anoushka, while campaigning in Grantham, England, in July 2022. Indian Prime Minister Narendra Modi suggested as much in a tweet welcoming Sunak’s appointment.

Like Truss, Sunak promised a tough approach to illegal immigration and vowed to expand the government’s controversial Rwanda immigration policy. At the time Johnson was running to lead Britain's Conservative Party and Sunak was a member of Parliament. Danny Lawson/PA Images/Getty Images Sunak speaks during a general election debate in Cardiff, Wales, in November 2019. Danny Lawson/PA/Getty Images Sunak delivers a speech during the annual Conservative Party Conference in Manchester in October 2021. Hollie Adams/Bloomberg/Getty Images Sunak and Murty are seen with their daughters, Krishna and Anoushka, while campaigning in Grantham, England, in July 2022.

☆ Could Boris Johnson be next U.K. prime minister? Liz Truss replacement race is on
▼ + stars: | 2022-10-21 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Patrick-Smith-Circle-Byline-Template.Jpg | Patrick Smith | ) www.nbcnews.com time to read: +9 min

Some Conservative lawmakers have suggested they may even quit the party if Johnson wins. “His manipulation of the Conservative Party, his dishonesty and boosterism were all designed to cloak the absence of any realistic policies. Sunak commanded the support of more Conservative lawmakers than Truss, but lost out in the final members’ vote. But he is viewed as responsible for Johnson’s downfall by some allies of the former prime minister, who are unlikely to cheer a Sunak premiership. Starmer, the Labour Party leader, would be the clear favorite to be prime minister if an election were held any time soon.

☆ Amazon has changed how warehouses work in America. Some unions are using it as a chance to organize.
▼ + stars: | 2022-10-19 | by ( Sindhu Sundar | Juliana Kaplan | ) www.businessinsider.com time to read: +11 min

Amazon has said warehouse workers can take breaks for activities like using the bathroom, talking to coworkers and managers, and grabbing snacks. A worker on an Amazon warehouse floor can be tasked with packing hundreds of boxes an hour. A worker on an Amazon warehouse floor can be tasked with packing hundreds of boxes an hour. But the Amazon Labor Union, a new union led by current and former Amazon workers, said its Staten Island victory had energized other workers. "There's one Amazon facility that's being built right behind the Victorville facility as we speak," he said.

☆ UK lenders halt mortgage deals to customers after market chaos
▼ + stars: | 2022-09-27 | by ( Sophie Kiderlin | ) www.cnbc.com time to read: +3 min

Oli Scarff | Getty Images News | Getty ImagesLONDON - U.K. lenders Virgin Money, Halifax and Skipton Building Society pulled some of their mortgage deals to customers after the tumult in British bond markets. Virgin Money and Skipton Building Society temporarily paused mortgage offers for new customers, while Halifax — owned by the Lloyds Banking Group — is planning to halt any mortgage products with fees where lower interest rates are usually offered. Skipton Building Society said they had paused their products in order to "reprice following the market response over recent days." Markets have begun pricing in a base rate rise to as high as 6% for next year, from 2.25% currently, raising concerns among mortgage lenders and borrowers. "Households refinancing a two-year fixed rate mortgage in the first half of next year will see monthly repayments jump to about £1,490 early next year, from £863 when they took on the mortgage two years prior."

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