DIRS.INFO The most relevant business & tech news

The week starts off with a bevy of unpleasant surprises for the markets and the economy but with maybe a hope of good news on the inflation front. “The decline in oil prices will feature prominently in explaining October's CPI and PPI reports. Core CPI likely slowed in October as well, with lower prices of new and used cars, lower airfares, and lower shelter costs all leaning the same way. PPI inflation likely moderated in October, too, with diesel prices following crude oil prices lower, albeit not by as much as gasoline. Powell’s comments were not anything new, but the timing seemed to suggest he was dampening down enthusiasm in the markets.

Persons: Moody’s, Mike Johnson, ”, Bob Doll, Republican Sen, Tim Scott of, David Cameron, Rishi Sunak, Stocks, Bill Adams, Waran Bhahirethan, ” Adams, Jerome Powell spooked, ” Powell, Oliver Rust, Sam Bullard, ” Bullard Organizations: U.S, AAA, Louisiana Republican, GOP, Senate, Crossmark Global Investments, Republican, Tim Scott of South Carolina, Conservative, Analysts, Comerica Bank, PPI, CPI, Federal Reserve, International Monetary Fund, Central Bank, “, Wells Locations: U.S, Louisiana, Tim Scott of South, London, Iraq, Syria, Gaza City, September’s, Israel, Washington

☆ Deutsche Bank examined economic data going all the way back to the 1700s and narrowed down the 4 criteria that indicate a recession is coming — and the US economy just triggered the final warning sign
▼ + stars: | 2023-09-24 | by ( Mark Reeth | ) www.businessinsider.com time to read: +8 min

And while 12 months of speculation can seem like a lifetime for investors who just want an answer, it's really only a small moment in economic history. Reid and his team spotted plenty of patterns in all that data, including the common warning signs of a recession. For example, scholars and economists have been tracking recession data in the UK since 1700, while Italy only began tracking recessions in 1980. Reid wrote that black swan events such as geopolitical shocks, natural disasters, and global pandemics happen more often than people think. "And that's before we get on to more traditional causes of recessions, like monetary tightening or speculative bubbles," Reid wrote.

Persons: it's, Jim Reid, Reid, would've, Deutsche Bank Reid Organizations: Deutsche Bank Locations: Canada, France, Germany, Italy, Japan

☆ Tennant Creek: Huge bushfire sweeps through central Australia near popular tourist town
▼ + stars: | 2023-09-13 | by ( Tara Subramaniam | ) edition.cnn.com time to read: +3 min

CNN —A huge bushfire raging for over a week in central Australia has come dangerously close to the popular tourist town of Tennant Creek, as authorities warn that changing wind conditions could pose a risk to residents. Home to about 3,000 people, Tennant Creek is a popular place for travelers to stop and rest as they drive through the outback along the Stuart Highway between Alice Springs and Darwin. Back-burning operations aimed at slowing the fire's spread have caused increased smoke within the Tennant Creek Township. Extra crews from South Australia arrived in Tennant Creek Wednesday afternoon, Fuller told ABC. Earlier this week, the Bureau of Meteorology forecast extreme fire danger for several areas within the Northern Territory.

Persons: Nicole Manison, Tennant, Tony Fuller, ” Manison, Fuller, James Gray, Spence, Gray, ”, ” Gray, “, “ We’ve, ” Fuller Organizations: CNN, Northern, Authorities, Australian Broadcasting Corporation, Northern Territory, South Australia, ABC, Northern Territory Police, Emergency Services, Australian Defence Force, Alice, Australasian Fire Authorities Council, Meteorology Locations: Australia, Tennant, Alice Springs, Darwin, Barkly, Northern, South, New Zealand, Northern Territory

☆ Britain has a new big problem: crumbling concrete in schools, hospitals, airports, and theaters
▼ + stars: | 2023-09-09 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +8 min

The "crumbly concrete" was used in hundreds of schools and some have been shut over fears of collapses. The UK government said more than 100 schools faced closure because they contained reinforced autoclaved aerated concrete (RAAC), a material typically used in roof planks and wall panels. AdvertisementAdvertisementOther structures such as hospitals, theaters, universities and some apartment buildings are also being checked for the concrete. Why was the concrete used? According to the think-tank the Institute for Government, those cuts are linked with schools' RAAC closures.

Persons: Matthew Byatt, RAAC, –, Chris Goodier, What's, Keir Starmer, Rishi Sunak's, NAO, Gareth Davies, Rishi Sunak Organizations: Service, Health, Safety, National Audit Office, Guardian, Financial Times, of Structural Engineers, Labour, Loughborough University, Department for Education, Institute for Government, The Times, National Health Service, European Union Locations: Wall, Silicon, Heathrow, Gatwick, Kent, Sweden, London, he's, India

☆ Daniel Abed Khalife: UK government insists escaped terror suspect will be captured amid serious questions over rare jail break
▼ + stars: | 2023-09-07 | by ( Sugam Pokharel Niamh Kennedy Sana Noor Haq | Sugam Pokharel | Niamh Kennedy | ) edition.cnn.com time to read: +4 min

Authorities are hunting for 21-year-old Daniel Abed Khalife, who orchestrated a bold jail break from Wandsworth prison on Wednesday while dressed as a chef, according to London’s Metropolitan Police. Addressing the UK parliament on Thursday, Chalk said he had already ordered an internal probe into the decision to place Khalife in a lower-security jail. Who was on duty that morning, in what roles ranging from the kitchen to the prison gate, what protocols were in place,” Chalk said. Wandsworth prison is located in the southwest of the British capital. Staff shortagesLast year, the UK’s prison inspection watchdog warned staffing levels “remained a serious problem” at Wandsworth prison.

Persons: Daniel Abed Khalife, Alex Chalk, Chalk, ” Chalk, ”, “, Khalife, Rishi Sunak, Shabana Mahmood, Yui Mok, Gareth Fuller, Yvette Cooper, wasn’t, ” Cooper, ” HMIP, Michelle Donelan Organizations: London CNN, Metropolitan Police, UK’s, Media, PA Media, British, Labour, Tory Government, Port, Press Association, Shadow, Labour Party, BBC Radio, Staff, of Prisons, Government, Met, Gatwick Airport, CNN Locations: Wandsworth, ” ‘ State, Britain, Dover, Kent, England, Wales, London

CNN —Three US Marines who died when their Osprey aircraft crashed during a military exercise in Australia have been identified by their unit. Air Force CV-22 Ospreys take off from Kirtland Air Force Base, New Mexico, for a training mission. April 8, 2010: US Air Force Osprey crashes in southern Afghanistan, killing three US service members and one civilian employee. August 5, 2017: An MV-22B Osprey crashes off the coast of Australia, leaving three Marines dead. June 8, 2022: Five US Marines die after an MV-22 Osprey crashes during a training mission Wednesday near Glamis, California.

Persons: Corporal Spencer R, Captain Eleanor V, Major Tobin J, Lewis, Collart, LeBeau, “, ”, Brendan Sullivan, Lloyd Austin, Michael Murphy, Sullivan, ” Sullivan, Markus Maier, Samuel King An, Barack Obama, Zachary Dyer, Laura Yahemiak Sailors, George Washington, Supertyphoon Haiyan, Trevor Welsh, stow, Smith, drogue, Christopher Carranza An, Todd F, Lance Cpl, Christopher Mendoza Sailors, Richard, Kevin V, Jonathan Snyder, Cedric Leighton, Bellows Organizations: CNN, Marines, Osprey, Royal Darwin Hospital, AP US, USMC, Twitter, Marine Osprey, Darwin, Northern Territory Police, Australian Defence Force, Northern, Northern Territory Government, CareFlight Air, Mobile Services, NT Health, Care, Tiwi, Government, Air Force, Ospreys, Kirtland Air Force Base, . Air Force, Staff, Air, Special Operations Squadron, Munitions, Systems, Eglin Air Force Base, Tech, Refueler, Squadron, Marine Helicopter Squadron, KC, 130J, Marine Forces Pacific, Greenland . U.S . Air Force, 3d Marine Expeditionary, U.S . Marine Corps, Tiltrotor, Supertyphoon Haiyan . U.S . Navy, Trevor Welsh Sailors, U.S . Navy, Shannon, Travis Air Force Base, 24th Marine Expeditionary Unit, . Marine Corps, Michalek, Moron Air Base, Cunningham, Tactics Squadron, of, U.S . Air Force, US Air Force, “ CNN, US Defense Department, An Air Force, Corps Locations: Australia, Melville, Northern Territory, New Mexico, Florida, Philippines, VMM, Okinawa, Japan, Brisbane, Greenland . U.S, U.S, Supertyphoon Haiyan ., San Francisco, New York, Michalek U.S, Africa, Spain, Sigonella, Italy, Field, Hamilton Island, United States, Virginia, Arizona, North Carolina, Afghanistan, Morocco, Navarre , Florida, Oahu, Hawaii, Syria, Norway, Glamis , California

☆ Instead of calling the cops, a business owner offered a job to the teenager who tried to break into his store
▼ + stars: | 2023-08-20 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

A business owner said on social media that someone tried to break into his premises. Instead of calling the police, Jeff Usher said he wanted to offer "a better way" to the culprit. "It's not that cool to use a jimmy bar on our doors," the Custom Cabinets Katherine owner said. Usher told the NT News his business employs two apprentices, four tradespeople and an office manager. "I'm not trying to save the world – I just reckon some of these kids need to be built up, not a kicking," Usher told the newspaper.

Persons: Jeff Usher, Katherine, Usher, I'm Organizations: Service, Facebook, ABC News Australia, Northern Territory, NT Locations: Wall, Silicon, Australian, Australia's Northern Territory, Northern, Darwin

☆ Pound's mini-budget dip made UK's Brexit bill dearer
▼ + stars: | 2023-08-01 | by ( Andy Bruce | ) www.reuters.com time to read: +3 min

In previous years, the Treasury's "reportable losses" have ranged between zero and a few million pounds. This 855 million-euro payment cost Britain 764 million pounds on a day when 1 pound would buy only 1.12 euros. Back in April 2022, when the EU updated Britain's payment schedule for June through September, it assumed an exchange rate of around 1.18 euros per pound - equating to monthly payments of 719 million pounds rather than 764 million pounds. Still, that small net gain represents a sharp drop from March 2022 when it stood at 91.2 million pounds - with the payment on Sept. 30 a conspicuous loss-maker. Economists put the broader costs of the mini-budget episode - stemming from loss of investor confidence and higher market interest rates - in the billions of pounds.

Persons: Dado Ruvic, Liz Truss's, James Murray, Kwasi Kwarteng, Mark Potter Organizations: REUTERS, European Union, Britain, Treasury, Labour Party, Reuters, Thomson

☆ Opinion: ‘Dear Canada…’ an American firefighter’s heartfelt letter to north of the border
▼ + stars: | 2023-07-18 | by ( Opinion Clare Frank | ) edition.cnn.com time to read: +8 min

This means agencies creating the wildland-urban interface or WUI — where human settlements meet the natural environment — are not ultimately responsible for protecting it. By my fifth year in firefighting, I’d seen plenty of wildfires and structure fires, and wildfires threatening structures. As we convoyed in, a battalion chief instructed each engine company, “If it’s not savable, leapfrog to the next house. Smoke rises from the Texas Creek wildfire south of Lillooet, British Columbia, Canada, on July 9. In this banner year, some are crying for Canada to form a national fire department.

Persons: Clare Frank, Read, Cynthia Smalley, nature’s, partiers, leapfrog, Luis Ascui, they’d, ember, Smokey Bear, “, it’s, Canada’s Organizations: CNN, CNN —, Del, Getty, Australia, Service, Reuters, Twitter, Facebook Locations: California’s, United States, Pebble Beach , California, Del Monte Forest, Kinglake, Victoria, Australia, Canada, Texas, Lillooet, British Columbia, California, Greece, Spain, Portugal, Italy, France

☆ Australian PM pledges $1.4 bln for afforable homes
▼ + stars: | 2023-06-17 | by ( ) www.reuters.com time to read: +1 min

SYDNEY, June 17 (Reuters) - Australia's centre-left Labor government said on Saturday it would commit A$2 billion ($1.4 billion) to deliver thousands of new affordable homes nationwide, as the country grapples with soaring living costs. "The Labor government that I lead believes that every Australian deserves the security of a roof over their head," Albanese said in Melbourne. "One hundred percent will be public housing, this is money for public housing." Separately, the government wants to establish an A$10 billion housing fund to build at least 30,000 new affordable homes, but has faced opposition in parliament from minor party senators. At June 2021, there were 417,800 households on major social housing programmes, including public housing, up from 378,600 in June 2008, according to government data.

Persons: Anthony Albanese, " Albanese, Albanese, Sam McKeith, Stephen Coates Organizations: SYDNEY, Labor, stoke, Thomson Locations: Melbourne

☆ Australia limits alcohol sales in Alice Springs amid crime wave
▼ + stars: | 2023-01-24 | by ( Lewis Jackson | ) www.reuters.com time to read: +3 min

The new rules in the town of Alice Springs, 2,000 km northwest of Sydney, and the surrounding region, mean that the sale of takeaway alcohol will be restricted on Sunday, Monday and Tuesday and sales will be reduced on other days. A fifth of the citizens of Alice Springs are Indigenous. Community leaders across Australia have long identified alcohol abuse as a huge factor behind violence and health problems. Prime Minister Anthony Albanese, who met politicians, police and community leaders in Alice Springs earlier on Tuesday, said the steps on alcohol had to be seen in a broader context. Domestic violence, assaults and property damage in Alice Springs rose between 43% and 60% in the 12 months to November 2022, according to the latest crime statistics from the territory government.

"The prime minister is not under a desk," Mordaunt said in parliament, keeping a straight-face despite the jeers and laughter from the opposition Labour Party facing her. Mordaunt now has her second chance to run for the top job, after just missing out on the final two in the contest to become the leader of the ruling Conservative Party earlier this year. She also promoted her patriotism, talking about her memories of the Falkland's conflict that helped to define former prime minister Margaret Thatcher. Her first post came as a local government minister in 2014, followed by armed forces minister and disabilities minister. Truss appointed Mordaunt as the leader of the House of Commons, charged with setting out the government business with her no-nonsense attitude gaining admirers.

☆ UK PM Truss unable to appear in parliament on Kwarteng sacking - minister
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: +2 min

LONDON, Oct 17 (Reuters) - Prime Minister Liz Truss did not appear in parliament on Monday to answer a question about why the former finance minister Kwasi Kwarteng was sacked last week, drawing accusations from the opposition Labour Party she was "scared of her own shadow". "The PM is detained on urgent business," Mordaunt said, drawing laughter from opposition party lawmakers. read more"It is time for leaders to lead, but where is the Prime Minister?" "I guess under this Tory government everybody gets to be prime minister for 15 minutes." "The decision taken by our prime minister would have been a very tough one, politically and personally," she said.

☆ Asia stumbles as China COVID, sterling wobbles shake sentiment
▼ + stars: | 2022-10-12 | by ( Kanupriya Kapoor | ) www.reuters.com time to read: +4 min

Sterling rose 0.4% to $1.1008 in late Asian trade but there are broader concerns about the direction of policy in Britain. In Japan, the rampaging dollar breached 146 yen for the first time in 24 years, prompting authorities in Tokyo to pledge necessary steps in the foreign exchange market if needed. Renewed U.S. dollar strength also sent the risk-sensitive Australian dollar to $0.6247, the lowest since April 2020. U.S. inflation data on Wednesday and Thursday is expected to keep the Fed on an aggressive rate hike path. It was the third straight dip in prices as investors worried about falling fuel demand and tightening COVID-19 curbs in China.

☆ These are 20 countries that offer 'golden visas' to wealthy immigrants — with costs ranging from $19,000 in Thailand to $2.5 million in Australia
▼ + stars: | 2022-08-17 | by ( Hannah Towey | Business News Reporter | Read More | ) www.businessinsider.com time to read: +1 min

Australia: $2.5 million minimum investment requiredSydney, Australia with Harbor Bridge and Sydney skyline during sunset. Prasit photoThere are four different ways to receive a residency visa through Australia's "Business Innovation and Investment Program," which allows recipients to live and run a business in Australia. After five years, visa recipients can apply for citizenship status, according to Henley & Partners, an investment migration consultancy based in London. Investor: Applicants must invest at least AUD 2.5 million in Australian investments that meet certain requirements. Significant Investor: Applicants must invest at least AUD 5 million in Australian investments that meet certain requirements.

Search resuls for: "Tory Government"

15 mentions found