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ICC prosecutor Karim Khan announced in May he was seeking arrest warrants for Netanyahu, Israeli Defense Minister Yoav Gallant, and three Hamas leaders – including Gaza chief Yahya Sinwar – over charges of war crimes and crimes against humanity. The court has no means of enforcement, however ICC members have an obligation to cooperate fully with its decisions. If the warrants are granted, Netanyahu and others could risk arrest when traveling to the 124 countries that are ICC members – including Germany and the United Kingdom. The international court still must assess submissions from other powers before making a decision on whether to grant the request for arrest warrants. The UK’s governing Labour party and its leader, former human rights lawyer Keir Starmer, have faced pressure from supporters to take a tougher stance on the Gaza war.
Persons: Benjamin Netanyahu, , Rishi Sunak, Karim Khan, Netanyahu, Yoav Gallant, , Yahya Sinwar –, Israel, Keir Starmer, Kamala Harris, , Gallant, ” Khan, CNN’s Christiane Amanpour, Isaac Herzog Organizations: CNN, Israeli, PA Media, Labour, Conservative, ICC, Ministry of Health, West Bank Locations: Gaza, Germany, United Kingdom, Washington, Israel, United States, East Jerusalem
UK: Assisted dying bill introduced in House of Lords
  + stars: | 2024-07-26 | by ( Rob Picheta | ) edition.cnn.com   time to read: +9 min
London CNN —An emotional, accelerating campaign to allow assisted dying for terminally ill adults in Britain has reached parliament, with activists hoping the country will become one of few to legalize the process. Opponents of legalization have argued that those small figures represent a limited appetite for assisted dying in the UK, but there are other pressures at play too. But some among the country’s lawmakers, who will ultimately decide the fate of the assisted dying law, say there is more to consider. For Starmer, the assisted dying bill has the potential to disrupt those intentions. But legalizing assisted dying wasn’t in Labour’s manifesto or in its King’s Speech, limiting the opportunities for it to ever reach MPs.
Persons: Bill, “ I’ve, ” Charlie Falconer, , Ellie Ball, Alistair Thompson, Falconer, Esther Rantzen, Wiktor, Rantzen, ” Rantzen, Paola Marra, , Rachael Maskell, ” Maskell, Marieke Vervoort, CNN “ I’ve, Keir Starmer, , wouldn’t, wasn’t, ” Falconer Organizations: London CNN, Labour, CNN, Publishing, BBC, Health, Social Care, Labour Party Locations: Britain, Canada, Australia, Switzerland, Netherlands, Germany, Italy, Spain, Portugal, United Kingdom, Oregon, England, Wales, Westminster, Dignitas
"I will work with business to make sure we're doing all we can to bring wealth creation, to bring business investment to the U.K. economy," she added. "This is going to be the most pro-growth, pro-business Treasury that this country has ever seen," Reeves told CNBC's Steve Sedgwick via remote interview. LONDON — U.K. Finance Minister Rachel Reeves said Friday that the new Labour government would be the most pro-growth and pro-business the country has seen. We need to attract business investment to be able to do that." However, the chancellor has a fine balance to tread given pledges from her party to also boost national investment and public sector pay.
Persons: Reeves, CNBC's Steve Sedgwick, Rachel Reeves, I'm, Keir Starmer, Starmer Organizations: Treasury, CNBC, LONDON, Finance, Labour, Conservative Locations: Rio de Janeiro, Brazil, Britain
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis will be the most pro-business Treasury Britain has ever seen: UK Finance Minister Rachel ReevesRachel Reeves, Britain's finance minister under the new Labour government, discusses growth plans for the economy.
Persons: Rachel Reeves Rachel Reeves Organizations: Treasury Britain, UK, Labour
Buy now, pay later firms like Klarna and Block's Afterpay could be about to face tougher rules in the U.K.Britain's new Labour government will soon set out updated plans to regulate the "buy now, pay later" industry, a government spokesperson told CNBC. "Regulating Buy Now Pay Later products is crucial to protect people and deliver certainty for the sector," the Treasury spokesperson told CNBC via email Thursday. The government first set out plans to regulate the sector in 2021. BNPL plans are flexible credit arrangements that enable a consumer to purchase an item and then pay off their debt at a later date. Most plans charge customers a third of the purchase value up front, then take the remaining payments the following two months.
Persons: Block's, Tulip Siddiq, Siddiq, Keir Starmer's, Christopher Woolard, BNPL, Organizations: Labour, CNBC, Treasury, . Treasury, Keir Starmer's Labour Party, Financial Locations: Britain
For 10 months, Britain’s Conservative government had moved almost in lock step with the United States in its response to Israel’s war in Gaza. Now, under its new Labour government, Britain is edging away from its closest ally on the conflict. By the end of this week, Prime Minister Keir Starmer is expected to drop the previous government’s objections to the International Criminal Court prosecutor’s pursuit of an arrest warrant for Prime Minister Benjamin Netanyahu of Israel, two people briefed on the government’s deliberations said. Taken together, these steps show a government that is willing to pile more pressure on Mr. Netanyahu for Israel’s harsh military response in Gaza. It also shows that Mr. Starmer, a former human rights lawyer, is paying more heed to international legal institutions than the United States.
Persons: Keir Starmer, Benjamin Netanyahu, Israel, Netanyahu, Starmer Organizations: Conservative, Labour, International, United Nations ’, UNRWA Locations: United States, Gaza, Britain, Israel
Even politicians want to have a 'brat' summer
  + stars: | 2024-07-24 | by ( Beatrice Nolan | ) www.businessinsider.com   time to read: +4 min
Read previewEven Kamala Harris wants to be a "brat" this summer. Harris is not the first politician to embrace the viral "brat summer" for political gain. So what exactly is a 'brat' summer? Social media has run with the idea of the "brat" summer, and the album's aesthetics have taken on a life of their own. Having a "brat" summer has become less about the album — and more about a state of mind.
Persons: , Kamala Harris, Harris, Kamala, Jeremy Corbyn, Joseph Okpako, Z, It's, Joe Biden, Donald Trump, Charli, Biden, President's, Katie Notopoulos Organizations: Service, Democratic, Business, Labour Party, UK's Greens, Fire, Trump Locations: British, Denmark
The retirement age for female urban workers is 50 or 55 depending on their occupation. “In accordance with the principles of voluntariness and flexibility, [we] will steadily and orderly advance the reform of progressively delaying the statutory retirement age,” China’s ruling Communist Party said on Sunday. Tingshu Wang/ReutersStruggling with declining birth rate and an ageing population, China’s policymakers have been talking about increasing the retirement age for over a decade. On Weibo, the hashtag “advancing the reform of delaying retirement age” has been a top trending topic since Sunday. On Xiaohongshu, China’s equivalent of Instagram, the hashtag “retirement age” has also attracted about 100 million views by Tuesday morning.
Persons: ” China’s, Ma Qiuhua, Tingshu Wang, , , Organizations: Hong Kong CNN, Communist Party, Reuters, Chinese Academy of Social Sciences, Communist Locations: Hong Kong, China, Beijing, Weibo, Communist China, India
Britain's previous government had planned to spend 10 billion pounds ($12.9 billion) on a now-scrapped plan to deport asylum seekers to Rwanda and it has already cost taxpayers 700 million pounds, new Home Secretary Yvette Cooper said on Monday. Cooper said the costs include money for chartering flights that never took off, paying for the work of government officials and 290 million pounds in payment to the Rwanda government. Cooper also said tens of thousands of asylum seekers left in limbo as they were threatened with deportation to Rwanda will now have their asylum claims processed. Instead, the government promised to process their claims, end the costly use of hotels to accommodate asylum seekers and clear a backlog of claims. The shift in policy would save taxpayers an estimated 7 billion pounds over the next 10 years, Cooper said.
Persons: Yvette Cooper, Keir Starmer's, Cooper Organizations: Labour, Conservative Locations: Kigali, Europe, Rwanda, Britain's, Britain, East, California
By taking aim at the most powerful AI models, Labour would impose tighter restrictions on companies such as OpenAI, Microsoft , Google , Amazon , and AI startups including Anthropic, Cohere and Mistral. Matthew Houlihan, senior director of government affairs at Cisco, said any AI rules would need to be "centered on a thoughtful, risk-based approach." Even so, a U.K. AI law would be a step above the U.S., which currently doesn't have federal AI legislation of any kind. Sirion's Liu said one thing he's hoping the government doesn't do, is restrict open-source AI models. Herman Narula, CEO of metaverse venture builder Improbable, agreed that restricting open-source AI innovation would be a bad idea.
Persons: Keir Starmer's, King Charles III, doesn't, Starmer's, Matt Calkins, Appian, Lewis Liu, Liu, Rishi Sunak, Peter Kyle, Kyle, Zahra Bahrololoumi, Matthew Houlihan, Bill, Chris Holmes, Holmes, Matthew Holman, Cripps, Holman, Sirion's Liu, Herman Narula, Narula Organizations: Future Publishing, Labour, European Union, Microsoft, Google, CNBC, Conservative, BBC, AI Safety Institute, Cisco, Authority, EU, AI Safety, Tech, London Tech Week Locations: Jiangsu province, China, Ireland, Salesforce, U.S
The dollar was steady and poised to snap a two-week losing run on Friday as U.S. labour and manufacturing data kept traders pondering on when and by how much the Federal Reserve would cut rates this year. The dollar was steady and poised to snap a two-week losing run on Friday as U.S. labor and manufacturing data kept traders pondering on when and by how much the Federal Reserve would cut rates this year. The Federal Reserve is scheduled to meet at the end of July where markets anticipate a very low chance of the central bank cutting rates. Ryan Brandham, head of global capital markets for North America at Validus Risk Management, said the U.S. economy is getting closer to where a rate cut may be appropriate. In other currencies, the Australian dollar eased 0.11% to $0.66985, while the New Zealand dollar was 0.22% lower at $0.6032.
Persons: Ryan Brandham, Mary Daly, Daly, recouping, Sterling Organizations: Federal Reserve, Bank of Japan, Traders, U.S, Federal, North America, Validus Risk, Fed, Federal Reserve Bank of San Francisco, Dallas Fed, European Central Bank, ECB, Bank of England, New Zealand Locations: Tokyo, Japan, U.S, Britain
JD Vance speaks at the Republican National Convention in Milwaukee, on July 17. Will Lanzoni/CNNMany of America’s closest allies were already dreading the prospect of Donald Trump’s return to the White House. Now that the former president has picked JD Vance as his running mate, they potentially have a lot more to worry about. By choosing Vance, Trump has sent a clear signal that, if elected, his America-first foreign policy will be back in force. His nomination puts an end to the hopes by some of America’s allies that Trump might soften his foreign policy stance if reelected.
Persons: Vance, Will Lanzoni, America’s, Donald Trump’s, JD Vance, Trump, Organizations: Republican National Convention, CNN, Trump, NATO, Labour, Munich, Conference, East Locations: Milwaukee, America, Ohio, Ukraine, Russia, United Kingdom, East Asia, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFlurry of Labour policies will change the way world looks at UK: MorningstarMike Coop, EMEA chief investment officer at Morningstar Investment Management, discusses the agenda of the U.K.'s new Labour government.
Persons: Morningstar Mike Coop Organizations: Morningstar, Morningstar Investment Management, Labour
"We cannot let the challenges of the recent past define our relationships of the future," Starmer said in a Wednesday statement from Downing Street. It comes as the specter of a second presidency from Republican candidate Donald Trump looms heavy over Europe after an assassination attempt over the weekend buoyed support for the former president. Both Trump and his newly announced running mate JD Vance have indicated that continued support for Europe — and in particular Ukraine — are not guaranteed under a second Trump administration. The Republican presidential nominee has repeatedly lambasted the continent's lack of defense spending, and has threatened to pull out of NATO, while Vance has shown ambivalence over U.S. intervention in foreign affairs. In anticipation, European NATO members have been upping their defense spending, including a new commitment from Starmer to spend 2.5% of U.K. gross domestic product (GDP) on defense.
Persons: Keir Starmer, John Healey, George Robertson, Winston Churchill's, Starmer, Donald Trump, Trump, JD Vance, Vance Organizations: British, Defence, Downing, Labour, European Political, Republican, Europe —, NATO Locations: London, England, OXFORD, Europe, Winston, Blenheim, Oxfordshire, Ukraine
LONDON — The new U.K. government is on Thursday set to propose legislation to prevent "significant uncosted measures" from being announced without an analysis of their impact on public finances. The OBR would be able to produce its analysis at the time of its choosing, according to notes on the bill released Wednesday. The notes contain a veiled reference to what became known as the British "mini-budget crisis" under former Prime Minister Liz Truss and ex-Finance Minister Kwasi Kwarteng. Shortly after taking up their posts in early September 2022, Truss and Kwarteng announced a raft of tax cuts in an unscheduled fiscal announcement that was described by analysts as "seismic." Both Truss and Kwarteng resigned over the turmoil after less than two months in their respective offices, and the majority of the measures were reversed.
Persons: Liz Truss, Kwasi Kwarteng, Kwarteng, Truss Organizations: Labour, Finance, U.S, Bank of England Locations: British
FRANKFURT — The European Central Bank is set to keep interest rates steady this week after cutting in June for the first time since September 2019. The hold would come amid uncertainty about underlying inflation dynamics, especially stemming from the labor market, which have weighed on the central bank's resolve to embark on a rapid path of cuts. "ECB speakers, including President [Christine] Lagarde and Chief Economist [Philip] Lane, have made it quite clear that the July meeting is set to be more of a stock-taking exercise than a policy-decision meeting, also given the absence of new staff forecasts," Anatoli Annenkov of Societe Generale said in a recent research note. "With no new quarterly data available, e.g. GDP, compensation and labour productivity data, the [ECB's] Governing Council will instead have to make do with mostly survey data," he said, adding that previous data points to a bumpy recovery in the euro area — the 20 countries that share the single currency.
Persons: Christine, Lagarde, Philip, Lane, Anatoli Annenkov Organizations: FRANKFURT, European Central Bank, ECB, Societe Generale
King Charles III, wearing the Imperial State Crown and the Robe of State reads the King's Speech from the The Sovereign's Throne next to Queen Camilla, wearing the George IV State Diadem in the House of Lords chamber, in the Houses of Parliament on July 17, 2024 in London, England. LONDON — The U.K.'s new Labour government on Wednesday outlined a raft of proposed legislation, including the nationalization of rail operators and the creation of a publicly-owned clean power company. In a speech delivered by King Charles III on behalf of the administration, the government said it is "committed to a clean energy transition that will lower bills for consumers over time," adding that it would establish Great British Energy, headquartered in Scotland, to help accelerate investment in renewable energy such as offshore wind. The speech listed a broad range of proposals, many of which have already been announced. A pledge of economic growth was yet again front and center in the speech, described in the opening lines as a "fundamental mission" which would help the country move on from the cost of living crisis.
Persons: King Charles III, Queen Camilla, George IV, Charles Organizations: Imperial State Crown, George, Labour, British Energy, Microsoft Locations: State, London, England, Scotland
LONDON — The British pound on Wednesday broke above the $1.30 level against the U.S. dollar for the first time in a year, as investors bank on a coming period of growth-friendly policies and political stability under the newly elected Labour government. Sterling was 0.5% higher against the U.S. dollar at $1.303 at 1:04 p.m. in London (8:04 a.m. U.K. inflation came in at the Bank of England's 2% target for a second straight month, figures published earlier Wednesday showed. However, the inflation print slightly reduced market bets on an August rate cut from the central bank due to the stickiness of the key services print. The U.K. currency has also been supported by the recent landslide parliamentary victory for the Labour Party, according to analysts.
Persons: Sterling, Joe Tuckey Organizations: U.S, Labour, Bank of England's, Labour Party Locations: London
The speech sets out the agenda of Keir Starmer, who defeated Rishi Sunak's Conservatives in this month's election. Starmer also formalized plans to renationalize Britain’s rail network in the coming years, and to create a publicly-owned renewable energy company. At home, a number of institutions were targeted for modernization – most awkwardly, the very room in which Charles gave his speech. “The party opposite has successfully tapped into the public’s desire for change, but they must now deliver change,” Sunak said. Those arguments will intensify in the coming weeks, as Labour introduces its first bills to Parliament – beginning with three priority measures from the speech later this week.
Persons: CNN — Keir Starmer, , King Charles III, ” Starmer, Starmer, Keir Starmer, Rishi Sunak's, Dan Kitwood, Camilla, Black Rod –, Rishi Sunak, Kirsty Wigglesworth, Charles, Bill, , Theresa May, ” Sunak, Sunak Organizations: CNN, Commons, Labour, Tory, Conservative, Reform UK, Getty, Border Security Command, National Health Service, NATO, Locations: nationalize, Britain, Europe, Buckingham Palace, Westminster, Rwanda
Some of the proposals squarely take aim at the country's private equity sector, which, despite Britain's exit from the European Union, has maintained its stature as the regional hub for deal-making. "Private equity is the only industry where performance-related pay is treated as capital gains," the manifesto says. In practice, that would mean taxing carried interest, or the profits paid to private equity and hedge fund managers, as income. Labour's ascent comes at a precarious time for the private equity sector more broadly. "London has been the pulpit for financial services, private equity and investors in Europe for a long time," said Mark Veldon, a private equity partner at financial advisory and global consulting firm AlixPartners.
Persons: Big Ben, Keir Starmer, Lars Faeste, Faeste, Starmer, Marco Cerrato, he's, Giorgia Meloni, Cerrato, Steve Cohen's, Milan, Mark Veldon Organizations: Westminster, Nurphoto, Getty, Labour Party, Labour, Channel, European Union, Consulting's EMEA, CNBC, Capstone Investment, Management, Eisler, London, Labour Government Locations: London, Europe, Spain, Italy, Milan
The last time a freshly minted Labour government unabashedly campaigned on an ambitious national industrial policy to revive the British economy was 50 years ago, and the results were generally viewed as disastrous. The 1974 program of subsidies, state ownership and power sharing among business, unions and government resulted in strikes that paralyzed the nation. And the government’s goal of picking industrial winners turned into a policy of backing losers like the automaker British Leyland and British Steel Corporation. The current Labour Party has clearly jettisoned that ’70s era legacy. Keir Starmer’s new government, which formally laid out its economic agenda as Parliament opened on Wednesday, is nonetheless embracing the idea that the government must play a key role in driving Britain’s stagnant economy.
Persons: unabashedly, Keir Starmer’s Organizations: British Leyland, British Steel Corporation, Labour Party Locations: British
CNN —Many of America’s closest allies were already dreading the prospect of Donald Trump’s return to the White House. Now that the former president has picked JD Vance as his running mate, they potentially have a lot more to worry about. By choosing Vance, Trump has sent a clear signal that, if elected, his America-first foreign policy will be back in force. “JD Vance does not appear to be interested in being a good ally to Europe,” Berzina said. I think Russia has incentive to come to the table right now.
Persons: America’s, Donald Trump’s, JD Vance, Vance, Trump, , Kristine Berzina, “ JD Vance, ” Berzina, Putin, Vance’s, , Sergey Lavrov, Lavrov, Volodymyr Zelensky, CNN’s Kaitlin Collins, Zelensky, Jose Luis Magana, China Vance, we’re, ” Vance, Trevor McCrisken, you’ve, Ukraine that’s, ” McCrisken, ” Sam Greene, Biden, Greene, Joe Biden, ” Greene, , Nikki Haley Organizations: CNN, Trump, NATO, Labour, Marshall Fund of, United, Munich, Conference, United Nations, Conservative Political, East, Fox News, New York Times, Patriot, University of Warwick, Republicans, Democratic, Center for, King’s College London, Republican, Republican Party Locations: America, Ohio, Ukraine, Russia, United Kingdom, United States, Washington, Europe, Russian, Munich, Oxon Hill, China, East Asia, Beijing, Taiwan, Asia, Czech, UN
LONDON — The International Monetary Fund on Tuesday lifted its 2024 growth outlook for the U.K. to 0.7% from 0.5%, providing a further boost to the country's new government. Looking ahead, the Washington, D.C.-based IMF reiterated its forecast for 1.5% U.K. growth in 2025 in the July update of its World Economic Outlook. Investment bank Goldman Sachs earlier this month nudged its 2025 forecast for the U.K. economy 0.1 percentage point higher, to 1.6%. Other economies given a 2024 growth upgrade by the IMF on Tuesday included the euro zone, which it lifted by 0.1 percentage point to 0.9%, Spain, up 0.5 percentage point to 2.4%, and China, up 0.4 percentage point to 5%. It lowered its forecast for the U.S. economy by 0.1 percentage point to 2.6%.
Persons: Taylor, Goldman Sachs, Keir Starmer, Goldman, — CNBC's Sophie Kiderlin, Vicky McKeever Organizations: Nine, Monetary Fund, D.C, Investment, Labour, European Union . Deutsche Bank, Friday, Deutsche Bank, Jefferies, Bank of England, Reuters, IMF Locations: Ruskin Park, London, England, Washington, brightening, Spain, China, U.S, Asia
Vaughan Gething, the first minister of Wales, announced his resignation on Tuesday after less than four months in the region’s top job, amid a controversy over campaign donations that prompted a vote of no confidence in his leadership. Mr. Gething, a Labour Party politician who became the first Black person to lead a national government in Europe when he became the head of the Welsh Parliament, known as the Senedd, in March, denied any wrongdoing as he announced in a written statement that he was stepping down. “A growing assertion that some kind of wrongdoing has taken place has been pernicious, politically motivated and patently untrue,” Mr. Gething wrote, adding that in his 11 years as a lawmaker, he had “never ever made a decision for personal gain.”Wales, like Scotland and Northern Ireland, is part of the United Kingdom but also has its own devolved government, which makes local laws and enacts national legislation and policies. Mr. Gething became the first minister after the resignation of a long-serving predecessor, Mark Drakeford, winning a tight leadership election within the governing Labour Party.
Persons: Vaughan Gething, Gething, Mr, , Mark Drakeford Organizations: Labour Party, Welsh Locations: Wales, Europe, ” Wales, Scotland, Northern Ireland, United Kingdom
CNN —Britain’s King Charles III and Queen Camilla are heading down under in the fall. The forthcoming visit to Australia will be the 75-year-old British monarch’s first trip to a Commonwealth realm since he ascended the throne. In addition to the United Kingdom, Charles is also head of state in 14 realms including Australia, New Zealand and Canada, though his role is largely ceremonial. “Their majesties’ state visit to Samoa will celebrate the strong bilateral relationship between the Pacific Island nation and the UK,” the palace added. Charles’ visit to Australia will be a key test of his popularity as head of state.
Persons: CNN — Britain’s King Charles III, Queen Camilla, Charles, Camilla, Charles ’, , Keir Starmer, , Queen Elizabeth II’s, rumblings, Anthony Albanese’s, Albanese Organizations: CNN, Australian Capital, Coast, Games, Commonwealth, Labour Party, New Zealand, CNN’s Royal Locations: Australia, Samoa, Commonwealth, United Kingdom, New Zealand, Canada, Australian Capital Territory, New South Wales, France, Scotland, Cardiff, Germany, Kenya
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