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Fasten your seat belts
  + stars: | 2022-08-15 | by ( )   time to read: +2 min
Containers are seen at the Yangshan Deep Water Port, part of the Shanghai Free Trade Zone, in Shanghai, China, February 13, 2017. With no major regional economic data scheduled today, European markets might take direction from weaker U.S. stock index futures . Markets see equal odds of the Fed hiking by 50 basis points or 75 basis points in September . read moreInflation is centrestage in the battle to choose Britain's next Prime Minister, as pressure mounts from the main opposition party. read moreOn the corporate front, Scandinavian airline SAS (SAS.ST) struck a deal to raise $700 million financing as it goes through bankruptcy.
Persons: Aly, Daga, spoilsport, Britain's, Fed's Christopher Waller, Anshuman, Vidya Ranganathan Organizations: Shanghai Free Trade, REUTERS, Bank of England, Labour Party, SAS, York Fed, Thomson Locations: Shanghai, China
REUTERS/Lisa LeutnerAug 15 (Reuters) - Iran and the United States are struggling to overcome divisions on three major issues in indirect talks on revival of a 2015 nuclear deal while months of negotiations have entered a crucial stage. Grossi said more than 40 IAEA cameras would keep operating as part of the core monitoring in Iran that predates the 2015 deal. But President Joe Biden cannot promise this because the nuclear deal is a non-binding political understanding, not a legally-binding treaty. Many Republican senators detest the nuclear pact and even some Democrats oppose it. IRAN'S ELITE GUARDSThe broad outline of the revived deal was essentially agreed in March after 11 months of talks in Vienna.
Persons: Rafael Mariano Grossi, Lisa Leutner, Rafael Grossi, Grossi, Joe Biden, Donald Trump, Barrack Obama, Ayatollah Ali Khamenei, Parisa Hafezi, Arshad Mohammed, Grant McCool Organizations: REUTERS, EU, International Atomic Energy Agency, Governors, IAEA, Washington, Democratic, U.S . Senate, Revolutionary Guards Corps, U.S . Foreign Terrorist Organization, Reuters, Guards, Thomson Locations: Iran, Vienna, Austria, United States, Tehran, Washington, France, Britain, Germany, U.S, DUBAI, WASHINGTON
New Zealand Prime Minister Jacinda Ardern inspects soldiers during an official welcoming ceremony at Admiralty House in Sydney, Australia, March 2, 2018. REUTERS/Dean Lewins/PoolWELLINGTON, Aug 15 (Reuters) - New Zealand is sending 120 military personnel to Britain to help train Ukrainians in front-line combat, the government said on Monday. The deployment will enable two infantry training teams to equip Ukrainian personnel with the core skills to be effective in combat, including weapon handling, combat first aid, operational law and other skills. She stressed that New Zealand troops have not and would not engage in combat in Ukraine. Thirty New Zealand defence personnel completed a deployment in May to train Ukrainian military personnel in operating artillery.
Persons: Jacinda Ardern, Dean Lewins, Lucy Craymer, Robert Birsel Organizations: Zealand, Admiralty House, REUTERS, WELLINGTON, New, Thomson Locations: Sydney, Australia, New Zealand, Britain, Ukraine, Zealand, Russia
Morning Bid: Fasten your seat belts
  + stars: | 2022-08-15 | by ( )   time to read: +2 min
Containers are seen at the Yangshan Deep Water Port, part of the Shanghai Free Trade Zone, in Shanghai, China, February 13, 2017. With no major regional economic data scheduled today, European markets might take direction from weaker U.S. stock index futures . Markets see equal odds of the Fed hiking by 50 basis points or 75 basis points in September . read moreInflation is centrestage in the battle to choose Britain's next Prime Minister, as pressure mounts from the main opposition party. read moreOn the corporate front, Scandinavian airline SAS (SAS.ST) struck a deal to raise $700 million financing as it goes through bankruptcy.
Persons: Aly, Daga, spoilsport, Britain's, Fed's Christopher Waller, Anshuman, Vidya Ranganathan Organizations: Shanghai Free Trade, REUTERS, Bank of England, Labour Party, SAS, York Fed, Thomson Locations: Shanghai, China
Denmark has signed a similar agreement on deportations with Rwanda, but has yet to send any migrants there. A report by parliament's cross-party home affairs committee said last month that there was no evidence the Rwanda policy was deterring asylum seekers. Both candidates to replace him have also pledged to pursue the Rwanda policy, and the favourite, foreign minister Liz Truss, has vowed to extend it to more countries. The Rwandan scheme is intended to deter people like Aladeen from making hazardous journeys to Britain and to end people-smuggling. With five brothers and two sisters, Aladeen says he didn't know about the Rwanda policy before he left.
Persons: Matthew Childs, Aladeen, Bashar al, Assad, Prince Charles, I'm, Boris Johnson, parliament's, Johnson, Liz Truss, Elisee Kalyango, Kate Holton, Nick Macfie Organizations: Border Patrol, REUTERS, Reuters, London's, Court, United Nations, European, of Human, British, Commonwealth, AS, Britain, Thomson Locations: Dover, Britain, England, Syria, Rwanda, British, France, Australia, Libya, Denmark, Kigali, Iran, Iraq, Eritrea, Tripoli, Italy, Calais
Tourists flocking to the popular northern lake Friday for the start of Italy’s key summer long weekend found a vastly different landscape than in past years. To compensate, authorities allowed more water from Lake Garda to flow out to local rivers — 2,472 cubic feet of water per second. But in late July, they reduced the amount to protect the lake and the financially important tourism tied to it. Garda Mayor Davide Bedinelli said he had to protect both farmers and the tourist industry. He insisted that the summer tourist season was going better than expected, despite cancellations, mostly from German tourists, during Italy’s latest heat wave in late July.
Persons: Italy —, Beatrice Masi, Italy hasn’t, Davide Bedinelli, ” Bendinelli, Mario Treccani, Organizations: Garda, Facebook Locations: Italy, Caribbean, Spain, Germany, Portugal, France, Netherlands, Britain, Garda
Salman Rushdie off ventilator and talking, day after attack
  + stars: | 2022-08-14 | by ( )   time to read: +8 min
Author Salman Rushdie at the Blue Sofa at the 2017 Frankfurt Book Fair on October 12, 2017 in Frankfurt am Main, Germany. Rushdie remained hospitalized with serious injuries, but fellow author Aatish Taseer tweeted in the evening that he was "off the ventilator and talking (and joking)." "The Satanic Verses" author Salman Rushdie was taken off a ventilator and able to talk Saturday, a day after he was stabbed as he prepared to give a lecture in upstate New York. Author Salman Rushdie is tended to after he was attacked during a lecture, Friday, Aug. 12, 2022, at the Chautauqua Institution in Chautauqua, NY. Investigators were working to determine whether the suspect, born a decade after "The Satanic Verses" was published, acted alone.
Persons: Salman Rushdie, Rushdie, Wylie, Nathaniel Barone, Jason Schmidt, Hadi Matar, Aatish Taseer, Andrew Wylie, Ian McEwan, Kal Penn, he's, Joe Biden, Jill Biden, Salman Rushdie —, Booker, India's, Indira Gandhi, Prophet Muhammad, Ruhollah Khomeini, Khomeini, Khamenei, hasn't, Schmidt, Barone, Matar, Rosaria Calabrese, Desmond Boyle, Boyle, Ali Tehfe, Hassan Nasrallah, Qassem Soleimani, Yaroun, spokespeople, Henry Reese, Joseph Anton Organizations: Chautauqua Institution, Resilience, State, Fitness Boxing, Associated Press, Journalists, AP Locations: Frankfurt, Germany, New York, Chautauqua , NY, India, Britain, U.S, Pakistan, Iran, Chautauqua County, Fairview , New Jersey, North Bergen, United States, Yaroun, Lebanon, Tehran
Cash-strapped Britons give up pets as living costs soar
  + stars: | 2022-08-14 | by ( Muvija M | )   time to read: +3 min
Black cocker spaniel called Harriet out on a walk with Centre Manager of Battersea Dogs and Cats Home, Steve Craddock, in London, Britain August 10, 2022. Exotic pets such as snakes and lizards are also proving too expensive due to their need for specialist heating and lighting. Animal charities say they are also worried the squeeze on living standards will have an impact on donations, though they are not seeing this yet. At Battersea, some pets are being rehomed. "As the change in living costs became more evident, yes definitely, it joined the list of things to seriously consider," she said.
Persons: Harriet, Steve Craddock, Maja Smiejkowska, Adam Clowes, Pilar Gómez, Muvija, Kate Holton, Alex Richardson Organizations: Battersea Dogs, REUTERS, Maja Smiejkowska LONDON, Reuters, Royal Society for, Animals, Bank of England, lockdowns, Thomson Locations: London, Britain, Battersea, soutwest London, British
Vandoorne secures Formula E title in Seoul
  + stars: | 2022-08-14 | by ( )   time to read: +2 min
Jul 17, 2022; New York, New York, USA; Second place finisher Stoffel Vandoorne (5) at the podium after the New York City E-Prix racing event at Brooklyn Circuit. Mandatory Credit: John Jones-USA TODAY SportsSEOUL, Aug 14 (Reuters) - Belgian Stoffel Vandoorne won the Formula E title for the departing Mercedes team on Sunday as the electric motor racing championship wrapped up season eight with the 100th race of its history. Vandoorne won only once in 2022, in Monaco, with Evans and Mortara taking four each. Mercedes EQ, who retained their team title ahead of Venturi and DS Techeetah, have sold their outfit to McLaren and depart Formula E on a high after sealing both championships for the second year in a row. They won last year's drivers' title with Dutch racer Nyck de Vries.
Persons: Stoffel Vandoorne, John Jones, Vandoorne, Mitch Evans, Register New Zealander Evans, it's, It's, Evans, Edoardo Mortara, Venturi, Mortara, Britain's Jake Dennis, Antonio Felix da Costa, Nyck de, Alan Baldwin, David Goodman Organizations: New, Brooklyn Circuit, USA, Sports SEOUL, Mercedes, FIA, McLaren, Korean, Register New Zealander, Sunday, Avalanche Andretti, Formula, Thomson Locations: New York , New York, USA, New York, Seoul, Swiss, Monaco, Nyck de Vries, London
Rugby Union - Six Nations Championship - Scotland vs England - BT Murrayfield Stadium, Edinburgh, Britain - February 24, 2018 Author JK Rowling in the stand before the match REUTERS/Russell CheyneLONDON, Aug 14 (Reuters) - Scotland's police said on Sunday they are investigating a report of an "online threat" made to the author JK Rowling after she tweeted her condemnation of the stabbing of Salman Rushdie. The Harry Potter creator said she felt "very sick" after hearing the news and hoped the novelist would "be OK". A spokeswoman for Scotland's police said: "We have received a report of an online threat being made and officers are carrying out enquiries." Rowling has in the past been criticised by trans activists who have accused her of transphobia. Register now for FREE unlimited access to RegisterReporting by Andrew MacAskill Editing by Raissa KasolowskyOur Standards: The Thomson Reuters Trust Principles.
Persons: JK Rowling, Russell Cheyne, Salman Rushdie, Harry Potter, Rowling, Rushdie, Hadi Matar, Andrew MacAskill, Raissa Organizations: Rugby Union, Six Nations, England, BT, REUTERS, Thomson Locations: Edinburgh, Britain, New York, Iran, Fairview , New Jersey
Worse, Ms. Kraemer noticed that the software did not come close to capturing her labor. Each morning, Ms. Richardson and her colleagues had to project how many “productivity points” they would accumulate during the day’s work. Ms. Kraemer, the executive, said she sometimes resorted to doing “busywork that is mindless” to accumulate clicks. Though WorkSmart allowed payment requests for offline work, employees said managers did not always encourage them. Soon the company began gauging its workers’ productivity using a program called Monitask, according to Mr. Baratta and several former colleagues.
Persons: “ You’re, , Kraemer, , didn’t, Carol Kraemer, Tommy Weir, we’re, Paul Wartenberg, , Marisa Goldenberg, Richardson, Margo Richardson, Tamir Kalifa, Ryan Fuller, Grocery cashiers, . Kraemer, UnitedHealth, Megan Polney, Christie Hemm Klok, , Morgan, Kroger cashiers, Matthew Phillp, Mr, Phillp, Sarah Blesener, ESW, Federico Mazzoli, Mazzoli, Tali Kimelman, Workdays, ” Ms, WorkSmart, McDonald’s Terrence Wise, Wise, Chase Castor, Prep Dora Potts, Ms, Potts, Jenn Ackerman, Patrick Baratta, Baratta, Matthew Hastings, AlphaBrook Patrick Baratta, Hilary Swift, Jessica Hornig, Hornig, Linda Eusebi, Isaac Sorensen, Ifeoma Ajunwa, Ritu, Chatuvedi, Adriana Zehbrauskas, Brian Kropp, Jason Corsello, Amazon’s, Kelly Nantel Organizations: Fortune, The New York, Microsoft, UnitedHealth, The New York Times Architects, The Times, Barclays Bank, UnitedHealth Group, Metropolitan Transportation Authority, New York Times, Enron, ESW, The New York Times, Workers, Kansas City McDonald’s, Employers, Deloitte, Software, Union, Prep, University of Virginia, , University of North, Fair Labor, Gartner, Investment, Amazon Locations: Minneapolis, Britain, New, Texas, mull, Kansas, The, Upwork, Washington, Rhode, Garden Grove, Calif, University of North Carolina, York, California, American, Staten
India’s Partition: A History in Photos
  + stars: | 2022-08-14 | by ( Vivek Shankar | Mikko Takkunen | )   time to read: +1 min
Some historians argue that partition would have been unnecessary had Britain granted self-rule earlier to India, where Hindus and Muslims had lived side by side for centuries. But the idea of a separate state for British India’s Muslims had gained traction by the 1930s even though it was opposed by Mahatma Gandhi. A decade later, Britain was reeling from World War II and prepared to hand over power. As India and Pakistan prepared for independence, Jinnah, set to be president of the Muslim-majority state, proclaimed a liberal Pakistan. And on Aug. 15, Jawaharlal Nehru, the first prime minister of India, famously celebrated his nation’s independence and “tryst with destiny.” But trouble was already afoot.
Persons: Mahatma Gandhi, Muhammad Ali Jinnah, Jinnah, Jawaharlal Nehru, Lord Louis Mountbatten Organizations: Getty, India Muslim League Locations: India, British, Britain, Pakistan, Calcutta, Kolkata, Bengal, Punjab, British India, West Pakistan
But IAEA Director General Rafael Mariano Grossi told the U.N. Security Council on Thursday that "this could change at any moment." The permanent representative of the Russian federation to the United Nations, Vasily Nebenzya, attends a Security Council meeting at the U.N. headquarters in New York City on Thursday. The area around the plant has silos of nuclear waste, and the surrounding soil could release radiation if disturbed, de Bretton-Gordon said. “No one else has used a nuclear plant so obviously to threaten the whole world,” Ukrainian President Volodymyr Zelenskyy said in a statement Thursday night. “The world should react immediately to expel the occupiers from the territory of the Zaporizhzhia nuclear power plant.”
Persons: Zaporizhzhia, Plachkov, Hamish de Bretton, Gordon, it's, Rafael Mariano Grossi, Vasily Nebenzya, Ed Jones, de Bretton, , Juan Matthews, , ” Matthews, Grossi, Russia’s U.N, Vassily Nebenzia, Volodymyr Zelenskyy Organizations: NATO, . Security, United Nations, Getty, Dalton Nuclear Institute, Britain's University of Manchester, IAEA, Security, Thursday’s Security Locations: Russia, Russian, New York City, AFP, Ukraine, Europe —, Ukrainian, Odesa, Romania, Bulgaria, Turkey, , U.S, Moscow, Syria, Chechnya
Image A Ukrainian artillery unit firing toward Russian infantry troops advancing around the eastern Ukrainian town of Pokrovske on Wednesday. Ukraine has been able to stem Russian advances recently and force Russia to sustain heavy losses, with up to 500 Russian troops killed or injured every day, according to some estimates. “They have also made Russians expend resources that they can’t replenish,” Mr. Spencer said. Ben Wallace, Britain’s defense minister, said the aid would include additional multiple-launch rocket systems and long-range missiles. With that, the United States will have sent more than $9 billion in aid to Ukraine since Russia invaded the country on Feb. 24.
Persons: David Guttenfelder, John Spencer, Mr, Spencer, they’re, Ben Wallace, Wallace, Morten Bodskov, Bodskov, Volodymyr Zelensky, Zelensky, ” “ They’ve, , Organizations: ., The New York Times, Army, Madison Policy Forum, Ukraine, Pentagon, Crimea — Locations: Ukrainian, Pokrovske, Ukraine, U.S, Russia, Britain, Denmark, United States, Russian, Crimea, Moscow
“Chess is all his life, and now it’s all my life,” said Maksym’s mother, Iryna Kryshtafor. He misses his grandparents, who lived with them in the Ukrainian city of Odesa and who stayed behind. Ms. Kryshtafor is estranged from Maksym’s father, who has not been a part of the boy’s life. When the war broke out in February, Ms. Kryshtafor, 45, had scrambled to throw her and Maksym’s most essential belongings into a rucksack as they fled for the border. Countless mothers across Ukraine were focused on how to save their children while maintaining a sense of stability, and Ms. Kryshtafor was no different.
Persons: , Iryna, , Kryshtafor, Maksym’s Locations: Britain, Ukrainian, Odesa, Ukraine
Soccer Football - Premier League - Manchester City v AFC Bournemouth - Etihad Stadium, Manchester, Britain - August 13, 2022 Manchester City's Ilkay Gundogan celebrates scoring their first goal REUTERS/Craig Brough EDITORIAL USE ONLY. Online in-match use limitLONDON, Aug 13 (Reuters) - Two games into the new season champions Manchester City have already raised the bar high as they crushed promoted Bournemouth 4-0 on Saturday to maintain their fast start. Arsenal joined them on six point as former City striker Gabriel Jesus struck twice in a 4-2 win over Leicester City. Leeds United looked on course for a second successive win but squandered a two-goal lead to draw 2-2 with Southampton -- one of three draws on a sultry Saturday afternoon. Everton suffered a second successive defeat as they went down 2-1 at Aston Villa for whom Danny Ings and substitute Emiliano Buendia were both on target.
Persons: Gundogan, Craig Brough, Gabriel Jesus, Erik ten Hag, Erling Haaland, Ilkay, Kevin De Bruyne, Phil Foden, De Bruyne's, Jefferson Lerma's, Jesus, William Saliba, James Maddison, Xhaka, Gabriel Martinelli, Leicester's, Leeds, Kyle Walker, Peters, Joe Aribo, Danny Ings, Emiliano Buendia, Aleksander Mitrovic, Jose Sa, Martyn Herman, Ed Osmond Organizations: Soccer Football, Premier League, Manchester City, AFC Bournemouth, Etihad, REUTERS, Bournemouth, Arsenal, City, Leicester City . Leeds United, Southampton, Register Manchester United, Brentford, West Ham United, Brazilian, Leicester, Everton, Aston Villa, Fulham, Liverpool, Wolverhampton Wanderers, Brighton, Hove Albion, Newcastle United, Thomson Locations: Manchester, Britain, City, Norway
LONDON, Aug 13 (Reuters) - Britain's Foreign Secretary Liz Truss is 22 percentage points ahead of her rival Rishi Sunak in the contest to become the country's next prime minister, a poll of Conservative Party members by Opinium Research showed on Saturday. The poll was conducted between Aug. 8 and Aug. 12. The poll shows that the top three reasons for supporting Truss were a dislike of Sunak, the perception that she was more trustworthy, and that she had remained loyal to Johnson. The pollster said they had observed 'Johnson nostalgia' among party members, pointing a finding that 63% would rather Johnson remained in charge rather than Truss take over. The preference for Johnson over Sunak was even stronger at 68%.
Persons: Liz Truss, Rishi Sunak, Sunak, Opinium, Boris Johnson, Johnson, Sunak's, pollster, William James, Alexander Smith Organizations: Conservative Party, Opinium Research, Thomson
Britain's Conservative Party leadership candidate Rishi Sunak speaks during a hustings event, part of the Conservative party leadership campaign, in Cheltenham, Britain, August 11, 2022. REUTERS/Toby Melville/File PhotoLONDON, Aug 13 (Reuters) - Rishi Sunak, one of two candidates seeking to become Britain's next prime minister, said Friday's attack on author Salman Rushdie should serve as a wake-up call to the West over Iran, the Sunday Telegraph reported. After hours of surgery, Rushdie was on a ventilator and unable to speak as of Friday evening. read moreThere has been no official government reaction in Iran to the attack on Rushdie, but several hardline Iranian newspapers praised his assailant. Polls show Sunak is badly trailing foreign secretary Liz Truss in the British leadership contest.
Persons: Rishi Sunak, Toby Melville, Salman Rushdie, Rushdie, ” Sunak, Vladimir, Putin, Sunak, Liz Truss, William James, Leslie Adler Organizations: Britain's Conservative Party, Conservative, REUTERS, Sunday Telegraph, Islamic Revolutionary Guard Corps, EU, UN, Thomson Locations: Cheltenham, Britain, West, Iran, New York, U.S, British
Joe Sene/Pool via REUTERSLONDON, Aug 13 (Reuters) - Britain's energy crisis will push millions into destitution this winter unless the government hands out more cash to help struggling households pay fuel bills, Rishi Sunak, the trailing candidate in the contest to become Britain's next leader, said. Former finance minister Sunak is up against foreign minister Liz Truss to succeed Prime Minister Boris Johnson next month, when the winner will take charge of an economy facing prolonged recession and battling soaring energy price-driven inflation. We are facing an energy crisis," Sunak said in a statement on Saturday. Register now for FREE unlimited access to Register"I will support people that need urgent help to pay their bills this winter. Sunak fleshed out his plans on energy by saying that he would deregulate North Sea fossil fuel production, cut energy waste by insulating more homes, and reform licensing around offshore wind, solar and nuclear energy generation.
Persons: Rishi Sunak, Joe Sene, Britain's, Sunak, Liz Truss, Boris Johnson, William James, Clelia Organizations: Conservative Party, REUTERS LONDON, Thomson Locations: Fontwell, Britain, destitution, Sunak
The logo of Italian payments group Nexi is pictured outside their headquarters in Milan, Italy, March 28, 2019. BTRS Holdings Inc (BTRS.O) is among the dozen payments companies which went public in the United States between October 2020 and November 2021. read moreRECESSION-PROOFPrivate equity firms are eager buyers of payments businesses, having previously owned many such companies on both sides of the Atlantic. Payments companies provide platforms for in-store or online purchases, charging a proportion of the value of each transaction. read moreTougher financing markets have been a major deterrent for private equity deals this year, even in resilient industries such as payments.
Persons: Alessandro Garofalo, Paya, Silver, Paolo Bertoluzzo, Peter Christodoulo, Byron Vielehr, Jeff Paduch, Thoma, Pamela Barbaglia, David French, Valentina Za, Danilo Masoni, Jane Merriman Organizations: REUTERS, Francisco Partners, Payments, Global, FIS, BTRS Holdings, Reuters, Paya Holdings Inc, Britain's Sage, Nasdaq, Advent, Klarna Bank, ., Juniper Research, Bottomline Technologies, Bain, Accel, KKR, BTRS, Paymentus Holdings, Blackstone Inc, Paysafe, Thomson Locations: Milan, Italy, Silver, United States, BTRS, Italian, Europe, Dealogic
Juliette White, AstraZeneca's global head of sustainability, plugs in a hybrid car at the company's manufacturing site in Macclesfield, Britain June 21, 2022. REUTERS/Nick CareyMACCLESFIELD, England, Aug 12 (Reuters) - Large corporations are jumping on the "green" bandwagon left and right, which in turn is pushing firms that lease and manage car fleets to convert to electric vehicles (EVs) faster than they had ever thought possible. Around 58% of AstraZeneca's global fleet are EVs, hybrids or plug-in hybrids. Bayer is aiming for 30% of its global fleet of 26,000 light-duty trucks, SUVs and sedans to be electric within the next four years. AstraZeneca's White said large companies are also "pushing for greener and more sustainable EVs ... because otherwise what's the point?"
Persons: Juliette White, Nick Carey MACCLESFIELD, ALD, John Saffrett, Saffrett, ALD's Saffrett, White, Wolf, Dieter Hoppe, Arthur D, AstraZeneca's White, EVs, Piet Briers, Bayer's, Jay Forbes, Forbes, Nick Carey, Matthew Lewis Organizations: REUTERS, Societe Generale, Reuters, Corporate, Tesla Inc, Ford Motor, LeasePlan, AstraZeneca Plc, AstraZeneca, Bayer, Fleet Management Corp, Thomson Locations: Macclesfield, Britain, England, Europe, France, Africa, Asia, Northern England, Munich, North America, Toronto, United States, Canada
Soldiers parade outside Buckingham Palace during the Platinum Jubilee Pageant, marking the end of the celebrations for the Platinum Jubilee of Britain's Queen Elizabeth, in London, Britain, June 5. The ONS said services output fell by 0.5% in June 2022, which was the main driver of the fall in GDP. Register now for FREE unlimited access to RegisterThe additions of bank holidays in June subtracted two working days from the month. For the second quarter as a whole, the economy contracted by 0.1%, compared with forecasts for a 0.3% drop. While the economy in June was estimated to be 0.9% above its pre-COVID pandemic level in February 2020, the ONS said consumer-facing services output was 4.9% below.
Persons: Queen Elizabeth, Frank Augstein, Andy Bruce, William James, Farouq Suleiman, Kate Holton Organizations: REUTERS LONDON, National Statistics, Reuters, ONS, Thomson Locations: Buckingham, London, Britain
An infrared overview of damaged aircraft at Saki Airbase after attack, in Novofedorivka, Crimea August 10, 2022 . Maxar Technologies/Handout via REUTERSAug 12 (Reuters) - Blasts this week at the Russian-operated Saky military airfield in western Crimea led to the loss of eight Russian combat jets, degrading its navy's Black Sea aviation fleet, Britain said on Friday. While the damaged jets are only a fraction of the overall aviation fleet, Britain said Black Sea capability would be affected, since Saky is used as a primary operational base. ( base airfield probably remained operational, but its dispersal area had suffered serious damage, Britain's defence ministry added in a regular intelligence bulletin on Twitter. Register now for FREE unlimited access to RegisterReporting by Gokul Pisharody in Bengaluru; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.
Persons: Saki Airbase, Gokul, Clarence Fernandez Organizations: Maxar Technologies, REUTERS, Twitter, Thomson Locations: Saki, Novofedorivka, Crimea, Britain, Russia, Bengaluru
REUTERS/Dado RuvicDUBLIN, Aug 12 (Reuters) - Flutter posted a 20% fall in first-half earnings but saw no sign of cash-strapped customers betting less and expects to finish the year ahead of 2021 excluding a final year of losses in the U.S, sending its shares higher. Excluding the U.S. business, first-half earnings were down 11%. The Paddy Power, Betfair and Pokerstars owner said it expected full-year core earnings of between 1.29 billion pounds and 1.39 billion pounds, excluding a U.S. loss of 225 million to 275 million pounds. It posted core earnings of 1.24 billion pounds in 2021. read more888 Holdings Plc (888.L) also cited the impact of higher inflation when reporting a slump in first-half profit on Friday.
Persons: Dado Ruvic, Fanduel, Peter Jackson, Paddy Power, Padraic Halpin, Jason Neely, David Evans Organizations: REUTERS, Dado Ruvic DUBLIN, Pokerstars, Holdings, Thomson Locations: Britain
A general view of the Bank of England (BoE) building, the BoE confirmed to raise interest rates to 1.75%, in London, Britain, August 4, 2022. Deutsche Bank, for one, assumes a review could be announced as soon as next month, after the new prime minister is announced, and be completed early next year. read moreUK markets appear to have been well prepared for this "quantitative tightening" and have weathered the BoE review speculation well so far. Raja at Deutsche thinks QE will not be completely killed off and currency and bond markets seem well priced for it. "Raising the bar to do QE is ultimately a net negative, as you're effectively constraining the MPC (Monetary Policy Committee) in delivering its objectives."
Persons: BoE, Maja Smiejkowska, Liz Truss, what's, Sanjay Raja, it's, David Ramsden, Deutsche's, QE, Mike Dolan, Paul Simao Organizations: Bank of England, REUTERS, Maja Smiejkowska LONDON, Conservative Party, Bank of England's, Deutsche Bank, U.S . Federal Reserve, ECB, Fed, BoE UK, Reuters, BoE and Treasury, Deutsche, MPC, Monetary, Twitter, Thomson Locations: London, Britain
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