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☆ U.K. Pension Funds Rush to Raise Cash as Central-Bank Deadline Looms
▼ + stars: | 2022-10-12 | by ( Julie Steinberg | ) www.wsj.com time to read: 1 min

LIVERPOOL, England—Pension funds, used to thinking in decades, have been thrown into real-time firefighting mode by the crisis roiling British markets. Many U.K. pensions are rushing to raise cash to satisfy collateral calls triggered by rapid moves in usually staid government bonds. Adding to the urgency: the Bank of England’s plans to end its emergency bond-buying this Friday, after which many fear volatility could surge again.

☆ Arsenal young guns show more resolve to confirm title ambitions
▼ + stars: | 2022-10-10 | by ( Richard Martin | ) www.reuters.com time to read: +3 min

Arsenal have sometimes been one of the Premier League's most exciting teams but have been characterised for their mental fragility and their tendency to crumble against top opponents. Register now for FREE unlimited access to Reuters.com RegisterIt was only the second time Arsenal have beaten Liverpool in the Premier League in the last seven years but the performance confirmed the team's new-found resolve. Arsenal have been renowned for blooding young players since Arsene Wenger became manager in 1996 although a lack of success since their last league title in 2004 has often been put down to not having enough senior players. "You cannot imagine how much it helps the players and how much belief and confidence, how much support it gives us. Register now for FREE unlimited access to Reuters.com RegisterReporting by Richard Martin Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

☆ Arsenal's young guns show more resolve to confirm title ambitions
▼ + stars: | 2022-10-10 | by ( Richard Martin | ) www.reuters.com time to read: +3 min

Register now for FREE unlimited access to Reuters.com RegisterIt was only the second time Arsenal have beaten Liverpool in the Premier League in the last seven years but the performance confirmed the team's new-found resolve. Arsenal have been renowned for blooding young players since Arsene Wenger became manager in 1996 although a lack of success since their last league title in 2004 has often been put down to not having enough senior players. The average age of their starting line-up on Sunday was 24, with goalscorers Gabriel Martinelli and Bukayo Saka each being 21. The difference between this side and the under-achieving teams towards the end of Wenger's reign is their experience. "You cannot imagine how much it helps the players and how much belief and confidence, how much support it gives us.

☆ Second strike at Liverpool to add to European port congestion, slow product delivery
▼ + stars: | 2022-10-10 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

A striking dockworker on a picket line outside the Port of Liverpool during a strike in Liverpool, UK, on Tuesday, Sept. 20, 2022. Bloomberg | Bloomberg | Getty ImagesLogistics experts are warning another strike set at the Port of Liverpool for Tuesday will only add to the existing delays in product delivery caused by the prior strikes at Felixstowe and Liverpool. Dockworkers in Liverpool, a significant U.K. port and a port where the U.S. is the No. Trade productivity at Felixstowe, the U.K.'s largest container port, and Liverpool have suffered as a result of various labor strikes since August. Braun told CNBC that the disruptions of past strikes and the upcoming Liverpool strike will unquestionably aggravate the existing congestion.

☆ Eurovision names Liverpool as host city for its 2023 Song Contest honoring Ukraine
▼ + stars: | 2022-10-07 | by ( Dan Heching | ) edition.cnn.com time to read: +1 min

CNN —The Beatles’ hometown of Liverpool, UK will be stepping in to host the festivities at the Eurovision 2023 Song Contest next May, the competition announced Friday. While Eurovision is usually hosted in a city in the prior year’s winning country, this year’s victor Ukraine cannot host the upcoming show due to the ongoing conflict with Russia. Ukraine won the 2022 Eurovision Song Contest this past May, amid a flood of goodwill extended toward the country in light of the war. “Liverpool is the ideal place to host the 67th Eurovision Song Contest on behalf of Ukraine,” said Eurovision Song Contest executive supervisor Martin Österdahl in a statement. “The city is synonymous with music and Liverpool Arena exceeds all the requirements needed to stage a global event of this scale.

☆ Liverpool picked to host 2023 Eurovision Song Contest
▼ + stars: | 2022-10-07 | by ( ) www.reuters.com time to read: +1 min

LONDON, Oct 7 (Reuters) - The northern English city of Liverpool will host the 2023 Eurovision Song Contest, on behalf of this year's winners Ukraine due to the ongoing conflict there. Liverpool edged out the other candidate, Glasgow, as host city in a draw held live on BBC television on Friday. 1/2 Spectators watch the final of the 2022 Eurovision Song Contest in Turin, Italy, May 14, 2022. REUTERS/Yara Nardi Read MoreWhile decades-long tradition dictates that the winner of the contest gets to host it the following year, the European Broadcasting Union had said safety and security reasons meant runners-up Britain were instead invited to host. Britain's entry to this year's Eurovision contest in Italy in May came second behind Ukraine's Kalush Orchestra, which rode a wave of public support to claim an emotional victory.

☆ These savvy homeowners are cutting their energy bills by installing solar panels
▼ + stars: | 2022-10-02 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +4 min

Many households are facing soaring energy bills this winter even with price caps or subsidies. Some people are installing solar panels on their roofs to help bring down costs. The solar panels generate energy even when it is cloudy or raining, he said, and it will be his first winter using them. John Reader, 74, from Cornwall, says it cost close to £7,000 ($7,800) to get 16 solar panels installed on his house. The amount of electricity the solar panels produce varies from between seven to more than 30, depending on how sunny it is.

☆ A new wave of UK port labor strikes begins, with 'massive impact' for Christmas supply chain
▼ + stars: | 2022-09-28 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +6 min

A striking dockworker on a picket line outside the Port of Liverpool during a strike in Liverpool, UK, on Tuesday, Sept. 20, 2022. The shop stewards who represent union workers accepted Peel Ports request for a meeting at the union office on Tuesday. Supply chain impact from second round of U.K. strikesThe latest development comes amid mounting labor issues linked to inflation at U.K. ports, with workers at the nation's largest port, Felixstowe, beginning another strike this week after one in August. "Unite made it clear that until they have reached their goals these waves of strikes will continue which will have a massive impact on the Christmas business and supply." The CNBC Supply Chain Heat Map shows the present situation at the ports.

"We are really a government in waiting and we have a chance to set out our ideas for the country. Labour is positioning itself as the party of fiscal responsibility and say it stands for "sound money". Almost half of voters say that Labour has not produced a clear set of policy ideas, according to polling from Savanta ComRes. In the most recent poll, Labour now has a six-point lead. But Curtis said the Conservatives still lead on the crucial question about who is best placed to make voters and the country wealthier.

☆ Workers strike again at UK's largest port Felixstowe in threat to holiday shipments
▼ + stars: | 2022-09-27 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

The dockworkers at Felixstowe, the largest port in the UK, have started an eight-day strike in protest over their wages and inflation, overlapping with an ongoing strike at Port of Liverpool. Together, the two port strikes threaten imports and exports across industries —much bound for the U.S. — during a critical ramp up in the holiday shipping season. The combined value of weekly trade that moves out of the ports of Felixstowe and Liverpool, according to MDS Transmodal, is nearly $7 billion. The Port said in a statement Tuesday that it was "very disappointed that Unite has announced this further strike action. "This time, it's more likely that supply chains will be under pressure and trade could be affected by the overlapping Liverpool strike," warned Brazil.

☆ Uruguay beat Canada 2-0 in final match before World Cup
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +1 min

Sept 27 (Reuters) - Uruguay beat Canada 2-0 in their final friendly before the World Cup with Nicolas de la Cruz and Darwin Nunez scoring first-half goals to give the South American side victory in Bratislava on Tuesday. De la Cruz opened the scoring in the sixth minute with a sublime free kick that curled over the wall and beat the keeper. Liverpool's 75 million euros ($71.86 million) forward Nunez doubled Uruguay's lead just after the half-hour mark when he powered home a header after his strike partner Luis Suarez floated in a cross. Canada are in Group F along with Belgium, Morocco and Croatia while Uruguay face Portugal, Ghana and South Korea in Group H at the World Cup, which kicks off on Nov. 20 in Qatar. ($1 = 1.0437 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Rohith Nair in Bengaluru Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

☆ After high profile sacking, UK civil servants fear for jobs under Truss
▼ + stars: | 2022-09-27 | by ( Elizabeth Piper | ) www.reuters.com time to read: +7 min

"(It) creates a sense of fear inside the civil service at senior level which will prevent them for giving the honest advice to ministers that they need to hear," he told Reuters. Mark Serwotka, general secretary of the Public and Commercial Services Union, the largest trade union representing British civil servants, agreed. "I think the whole attitude towards civil servants from the political side is worsening," said one former civil servant on condition of anonymity. Former civil servants such as Kerslake fear for its future. "I call it the 'how high' phase, which is ministers saying jump and civil servants say how high," Kerslake said.

☆ UK's Labour promises a responsible fiscal policy if in government
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterBritain's Shadow Chancellor of the Exchequer Rachel Reeves takes part in a television interview at Britain's Labour Party's annual conference in Liverpool, Britain, September 26, 2022. REUTERS/Phil NobleLIVERPOOL, England, Sept 26 (Reuters) - Britain's opposition Labour Party would pursue a responsible fiscal policy that provides funds for public services, its finance policy chief Rachel Reeves said on Monday, criticising the Conservative government for gambling with the economy. "It is becoming clearer by the day that Labour is the party of economic responsibility and the party of social justice," Reeves told the party's annual conference in the northern English city of Liverpool. "It is time for a government that is on your side, and that government is a Labour government." Register now for FREE unlimited access to Reuters.com RegisterReporting by Elizabeth Piper and Andrew MacAskill, Editing by Kylie MacLellanOur Standards: The Thomson Reuters Trust Principles.

☆ Nike is aggressively opening new stores as it pushes forward on its plan to sell directly to consumers. Wall Street isn't sold on the strategy.
▼ + stars: | 2022-09-26 | by ( Matthew Kish | ) www.businessinsider.com time to read: +7 min

The stores are popping up all over the US and significantly increase Nike's store footprint. At the time of the filing, the company had 209 clearance stores and 48 full-price stores. The other 87 Nike stores were for its Converse brand. Even much smaller competitors, such as Allbirds, operate nearly as many full-price stores, roughly 35, as Nike does. Nike's new stores opening in the US and Europe appear to be a mix of the recently introduced Live and Unite formats.

Britain's Labour Party leader Keir Starmer speaks during the tribute to Britain's Queen Elizabeth at Britain's Labour Party's annual conference in Liverpool, Britain, September 25, 2022. Starmer, who has led Britain's main opposition party for the past two years, said he would reintroduce the top rate of income tax to 45% after the government abolished the rate in a mini-budget. "I would reverse the decision they made," Labour leader Starmer said. However, Starmer said a Labour government would not reverse the government's decision to cut the basic rate of income tax to 19% from 20%, saying that tax cut would benefit working people. Andy Burnham, the mayor of Greater Manchester, earlier said Labour should oppose all the tax moves outlined by the new government.

☆ Chelsea beat Man City after Arsenal and Spurs set WSL crowd record
▼ + stars: | 2022-09-25 | by ( ) www.reuters.com time to read: +1 min

LONDON, Sept 25 (Reuters) - Chelsea bounced back from an opening-day loss to beat Manchester City 2-0 in the Women's Super League on Sunday, while on Saturday Arsenal and Tottenham Hotspur set a new WSL attendance record as 47,367 watched the Gunners take a comfortable 4-0 win. That crowd figure was dwarfed at the Emirates Stadium on Saturday as Arsenal and Spurs clashed, with Vivianne Miedema scoring twice as the Gunners registered their second straight 4-0 league win to top the standings. They are level on six points with Arsenal and Aston Villa, who continued their good start to the season by beating Leicester City 2-0. Liverpool host Everton in the season's first Merseyside derby later on Sunday. Register now for FREE unlimited access to Reuters.com RegisterReporting by Philip O'Connor; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

Shadow Chancellor of the Exchequer Rachel Reeves is interviewed outside the BBC in London, Britain, October 24, 2021. REUTERS/Peter Nicholls/File PhotoLIVERPOOL, England, Sept 25 (Reuters) - Britain's Labour Party will unveil on Monday its plans to set up a national wealth fund to invest in green projects which will benefit the public, part of the opposition party's answer to the Conservative government's tax-cutting approach. The so-called mini-budget has opened up a divide between Prime Minister Liz Truss's Conservatives and the Labour Party of Keir Starmer, who wants to use the years before an expected election in 2024 to prove his team is ready for power. "That is a real plan for growth," she will say, taking aim at the "Growth Plan" presented by finance minister Kwasi Kwarteng on Friday, when Labour accused him of prioritising the wealthy over working people struggling with rising prices by turning to the discredited theory of "trickle-down economics". Ed Miliband, Labour's climate policy chief, said Labour's plans would return jobs to Britain.

☆ Invest in homes in Argentina, England, and more for as little as $100 via these fractional-ownership startups
▼ + stars: | 2022-09-24 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +5 min

Two startups that allow Americans to buy shares of overseas properties break down the process. Now Americans are showing more interest in Europe and other — relatively — cheaper spots abroad to buy pieds-à-terre and investment properties. Take Housie and Flyway, new startups that embrace a growing trend in real-estate investing: fractional ownership. HousieRight now, for a minimum of $100, users can buy shares of properties and receive dividends quarterly depending on how well the property does on the short-term market. Still in the preliminary stages, Flyway has sold some shares but the homes have yet to be rented out.

☆ Arrests made in England and Wales in 2021-22 highest in eight seasons
▼ + stars: | 2022-09-22 | by ( ) www.reuters.com time to read: +2 min

The 2021-2022 season was the first full season where all scheduled matches were played at full spectator capacity following the COVID-19 pandemic. The arrests made last season were around 59% higher than those in the 2018-2019 season, which was before the COVID-19 pandemic. Register now for FREE unlimited access to Reuters.com RegisterThe most common offence types were public disorder (36%) and violent disorder (20%). The number of matches with reported incidents last season increased by 60% (+602 matches) compared with 1,007 matches in 2018-19. The Premier League announced on Wednesday that supporters of teams who take part in anti-social and criminal behaviour at stadiums will receive automatic club bans with a minimum term of one year.

LONDON, Sept 22 (Reuters) - Liverpool football club is deepening its ties with the crypto world by expanding a partnership with French blockchain-based sports startup Sorare, the company said in a statement on Thursday. Sorare, whose online fantasy sports game involves the sale of licensed digital sports cards which players can use to build teams which compete against each other, said it had an exclusive multi-year partnership with Liverpool to create content and experiences for fans. Britain's gambling watchdog is investigating Sorare to assess whether its game amounts to gambling. A spokesperson for Sorare said that this was "not relevant" to the partnership with Liverpool. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Elizabeth Howcroft; Editing by Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

☆ Man United set financial goals for year after quarterly loss narrows
▼ + stars: | 2022-09-22 | by ( ) www.reuters.com time to read: +2 min

Net debt, a bone of contention for the fan base, grew nearly 23% to 514.9 million pounds, hurt by a weaker sterling. Register now for FREE unlimited access to Reuters.com RegisterThe 20-time English champions have seen several changes this year, including welcoming CEO Richard Arnold, who effectively replaced Executive Vice-chairman Ed Woodward. The club forecast total revenue for the 2022-23 period to be between 580 million and 600 million pounds and is targeting adjusted core profit between 100 million to 110 million pounds. The English Premier League soccer club reported a net loss of 70.7 million pounds for the three months to June 30, compared with a loss of 107.7 million pounds a year earlier. ($1 = 0.8855 pounds)Register now for FREE unlimited access to Reuters.com RegisterReporting by Yadarisa Shabong and Chris Peters in Bengaluru Editing by Keith Weir and Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

☆ Freight Labor Unrest Is Going Global and Weighing on Supply Chains
▼ + stars: | 2022-09-21 | by ( Paul Berger | Liz Young | ) www.wsj.com time to read: +7 min

Newsletter Sign-up The Logistics Report Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology. But this complex movement of goods underpinning the global economy is far more vulnerable than many imagined. The Biden administration narrowly avoided a systemwide freight rail shutdown last week after brokering a last-minute deal between railroads and unions. The Biden administration narrowly avoided a systemwide freight rail shutdown last week after brokering a last-minute deal between railroads and unions. The labor concerns have grown as some of the broader pandemic-driven upheaval in supply chains, including factory closures and vessel backlogs at ports, have eased.

☆ Freight Labor Unrest is Going Global and Weighing on Supply Chains
▼ + stars: | 2022-09-21 | by ( Paul Berger | Liz Young | ) www.wsj.com time to read: +7 min

☆ We visited Chris Sacca-backed Epoch Biodesign's London HQ. The startup wants to clamp down on pollution with plastic eating enzymes.
▼ + stars: | 2022-09-21 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +7 min

Epoch Biodesign, a startup converting plastic to chemicals using enzymes, has raised $14.5 million. Epoch Biodesign uses plastic-eating enzymes as a base and scientifically alters them to produce a specific chemical from the consumed plastic. Epoch Biodesign is also developing enabling technologies to do this cheaper, faster, better, and at greater scale. This is a colony picker, one the machines used test and select Epoch Biodesign's enzymes in the lab. In the long run, Epoch Biodesign expects to license out its technology so it isn't running facilities itself.

☆ Nordstrom Adopts Poison Pill After Mexican Retailer Buys Stake
▼ + stars: | 2022-09-20 | by ( Suzanne Kapner | ) www.wsj.com time to read: 1 min

The largest shareholder of Nordstrom is the Nordstrom family, which owns about 30% of the Seattle company. Nordstrom adopted a so-called poison pill to prevent outsiders from boosting their stake in the business after a Mexican company acquired a 9.9% stake in the upscale U.S. retailer. A roughly $300 million investment made El Puerto de Liverpool SAB—which operates high-end department stores in Mexico—the second largest shareholder after the founding Nordstrom family, which owns about 30% of the Seattle company.

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