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☆ Meet Zelenskyy's pick for Ukraine's new defense minister, who's been deeply involved with Russian negotiations and prisoner exchanges
▼ + stars: | 2023-09-04 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Ukraine's defense ministry has been mired in corruption scandals in the past few months. Advertisement Advertisement Watch:Ukraine's defense ministry has been mired in corruption scandals over the past few months. The defense ministry has also been accused of purchasing food and winter jackets at inflated prices, per the Kyiv Independent. "Minister Reznikov was very effective at getting support from other nations," Ben Hodges, a former lieutenant general who headed US Army Europe, told Insider. Since the start of the Ukraine war, Umerov has played a role in several negotiations with the Russians.

Persons: Volodymyr Zelenskyy, Rustem, Zelenskyy, Oleksii, Reznikov, Umerov, Ben Hodges, Hodges, Russia Umerov Organizations: Service, Ministry, Kyiv Independent, Army, United, United Arab Emirates, Property Fund Locations: Wall, Silicon, Kyiv, Army Europe, Ukraine, Russia, Turkey, Saudi Arabia, United Arab, Saudi

☆ North Korea to convene rubber-stamp parliament in Sept
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +2 min

North Korea's leader Kim Jong Un addresses the Supreme People's Assembly, North Korea's parliament, which passed a law officially enshrining its nuclear weapons policies, in Pyongyang, North Korea, September 8, 2022 in this photo released by North Korea's Korean Central News Agency (KCNA). KCNA via REUTERS/File Photo Acquire Licensing RightsSEOUL, Aug 31 (Reuters) - North Korea's rubber-stamp parliament, the Supreme People's Assembly, will convene on Sept. 26 to discuss organisational matters and other issues, state media said on Thursday, as the country slowly reopens after years of pandemic lockdowns. The North has suffered serious food shortages in recent decades, including famine in the 1990s, often as a result of natural disasters. The decision was made at a Plenary Meeting of the parliament's Standing Committee on Wednesday, where members also discussed a law for "revitalizing domestic tourism and expanding international tourism simultaneously." North Korea has recently approved the return of its citizens who were abroad after years of strict border restrictions, state media reported on Sunday as the isolated country cracks open its border to passenger travel.

Persons: Kim Jong, KCNA, Kim Jong Un, Kim, Soo, hyang Choi, Lincoln Organizations: Assembly, North, Korean Central News Agency, REUTERS, Rights, Supreme, Workers ' Party, Thomson Locations: Korea's, Pyongyang, North Korea, Rights SEOUL, Korea

☆ Spain's acting PM rejects conservative leader's request to back 2-year government
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +2 min

He had asked Sanchez, a Socialist, in a meeting earlier on Wednesday to back him in exchange for policy pacts. "Unfortunately, what I have obtained, as far as I understood, is a no," Feijoo told reporters after the meeting. Sanchez did not talk to the media, but his Socialist party's spokesperson Pilar Alegria confirmed to reporters the party will not support Feijoo's premiership bid. In a written document handed to Sanchez, the conservative candidate to premiership had said the two-year government would be extended if both parties agreed. On Aug. 17, Sanchez's Socialists party managed to secure 178 votes with support from left-wing and regionalist parties to get its candidate elected as speaker.

Persons: Alberto Nunez Feijoo, Violeta Santos Moura, Pedro Sanchez, Feijoo, Sanchez, Pilar Alegria, King Felipe, Vox, Emma Pinedo, Inti, Andrei Khalip, Tomasz Janowski Organizations: People's, REUTERS, Rights, Party, Socialist, Sanchez's Socialists, Thomson Locations: Madrid, Spain

[1/2] British Foreign Secretary James Cleverly and Chinese Vice President Han Zheng attend a meeting at the Great Hall of the People in Beijing, China August 30, 2023. "We are clear-eyed about the areas where we have fundamental disagreements with China and we raise those issues when we meet," he told broadcasters. China Vice President Han Zheng told Cleverly at their meeting that he hoped the two countries could make new advances in their relations. Cleverly's visit to China comes as other countries in the West also try to improve their relations with the country. U.S. Commerce Secretary Gina Raimondo is on a four-day visit in China but warned that U.S. companies have complained to her that China has become "uninvestible".

Persons: James, Han Zheng, Florence Lo, Wang Yi, Liz Truss, Conservative Alicia Kearns, Gina Raimondo, Han, Sarah Young, Laurie Chen, Kate Holton, Elizabeth Piper, Conor Humphries Organizations: of, People, REUTERS, Rights, Conservative Party, China, British, Conservative, . Commerce, Thomson Locations: Beijing, China, Rights BEIJING, London, British, CHINA, Taiwan, Taipei, West

☆ Zelenskiy says he will propose tougher corruption measures this week
▼ + stars: | 2023-08-27 | by ( ) www.reuters.com time to read: +2 min

Ukrainian President Volodymyr Zelenskiy speaks during a joint press statement with Greek Prime Minister Kyriakos Mitsotakis, as they meet at the Maximos Mansion in Athens, Greece, August 21, 2023. REUTERS/Stelios Misinas Acquire Licensing RightsKYIV, Aug 27 (Reuters) - Ukrainian President Volodymyr Zelenskiy said in a television interview shared on his Telegram channel on Sunday that he would ask parliament in the coming week to increase penalties for those found guilty of corruption during wartime. "I think the parliament will get it in the next week and then the ball is in the parliament's court," he added. A series of government shake-ups over corruption included Zelenskiy's dismissal this month of all the regional military recruitment chiefs after a nationwide audit. "We are fast approaching the point where it will be us or them," Deputy Prime Minister Iryna Vereshchuk said on the Telegram app on Sunday.

Persons: Volodymyr Zelenskiy, Kyriakos Mitsotakis, Stelios Misinas, Zelenskiy, Iryna Vereshchuk, Nick Starkov, Elaine Monaghan, Chris Reese Organizations: Greek, REUTERS, Rights, Russia, Ukraine, Thomson Locations: Athens, Greece, Washington

☆ Vanuatu court rules pro-Western premier lost no-confidence vote
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +2 min

Supreme Court judge Edwin Goldsbrough ruled on Friday that an absolute majority in a parliament with 51 members is 26. If there is no appeal, or it is rejected, parliament would vote in a new prime minister. Loughman drew Vanuatu closer to China as the previous prime minister. He has criticised the security pact with Australia, saying it compromises Vanuatu's "neutral" status and could jeopardise development assistance from China. The United States and its allies are seeking to dissuade Pacific Islands nations from establishing security ties with Beijing, after China signed a security pact with the Solomon Islands.

Persons: Alatoi Ishmael Kalsakau, Eduardo Munoz, Ishmael Kalsakau, Bob Loughman, Kalsakau, Edwin Goldsbrough, Loughman, Emmanuel Macron, Macron, Kirsty Needham, Mark Heinrich Our Organizations: United Nations Headquarters, REUTERS, Rights, Vanuatu, Thomson Locations: Vanuatu, New York City, U.S, China, Australia, Western, Pacific, United States, Beijing, Solomon Islands

☆ Reaction to Wagner mercenary chief Yevgeny Prigozhin in plane crash with no survivors
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Yulia Morozova/File Photo Acquire Licensing RightsAug 23 (Reuters) - Russian mercenary chief Yevgeny Prigozhin was listed as a passenger on a private jet that crashed on Wednesday evening north of Moscow with no survivors, the Russian authorities said. The following is reaction:*U.S. President Joe Biden to reporters in Lake Tahoe:“I don't know for a fact what happened. Reports Russian Air Defence shot down the plane suggests Putin is sending a very loud message." It so happens that political opponents whom Vladimir Putin considers a threat to his power do not die naturally." In the end, if Vladimir Putin is so powerful, why didn’t he arrest Prigozhin?”Editing by Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.

Persons: Wagner, Yevgeny Prigozhin, Maxim Fomin, Vladlen Tatarsky, Yulia Morozova, Joe Biden, I'm, Putin, Mykhailo Podolyak, Vladimir, Alicia Kearns, Zbigniew Rau, Vladimir Putin, Daniel Hoffman, Prigozhin, ”, That’s, Pavel Luzin, thinktank, Cynthia Osterman Organizations: REUTERS, Reuters, CNN, Foreign Affairs, Govt, Russian Air Defence, CIA, Center for, Thomson Locations: St Petersburg, Moscow, Russia, Lake Tahoe, Estonia, U.S

☆ UK PM Sunak breached parliament's code of conduct inadvertently - watchdog
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +2 min

LONDON, Aug 23 (Reuters) - British Prime Minister Rishi Sunak did not properly declare his wife's shareholding in a childcare company which stood to benefit from new government policy but the failure was inadvertent, parliament's standards watchdog said on Wednesday. The commissioner, Daniel Greenberg, is responsible for the House of Commons code of conduct and investigates any alleged breaches. "Having considered the information available to me, I have decided that the breach of the code appears to have been inadvertent," Greenberg said. In a letter to Greenberg, published by the commissioner's office, Sunak apologised for confusing the language of registration and declaration. "I am pleased that this matter will now be concluded by way of rectification," Sunak added.

Persons: Rishi Sunak, Sunak, Akshata Murthy, Daniel Greenberg, Greenberg, Kylie MacLellan, Jonathan Oatis Organizations: British, Parliament's, Thomson

☆ Spain's acting PM Sanchez says he will seek investiture vote
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +1 min

"I will ask for parliament's confidence to form a progressive government," Sanchez said in a address to the legislators of his Socialist Party. He said his party, which won the second-highest number of votes in the general election held last month, will first seek to clinch the lower house speaker position on Thursday. Sanchez, who first took power in 2018, has ruled since early 2020 thanks to a minority coalition with a far-left party. The conservative People's Party won more seats than the Socialists, but did not secure an outright majority and faces an uphill battle as it so far lacks enough support to form a government, as does Sanchez. Reporting by Inti Landauro, editing by Andrei Khalip; Editing by Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

Persons: Pedro Sanchez, Violeta Santos Moura, Sanchez, Inti Landauro, Andrei Khalip, Sharon Singleton Organizations: Spain's, Socialist Party, PSOE, Rights, People's Party, Socialists, Thomson Locations: Getafe, Spain

☆ Pakistan senator picked as caretaker PM to oversee elections
▼ + stars: | 2023-08-12 | by ( Gibran Naiyyar Peshimam | ) www.reuters.com time to read: +2 min

KARACHI, Pakistan, Aug 12 (Reuters) - Pakistani Prime Minister Shehbaz Sharif and opposition leader Raja Riaz agreed on Saturday to name Senator Anwaar-ul-Haq Kakar as caretaker premier to oversee elections, the Prime Minister's office said. "The prime minister (Sharif) and leader of opposition have jointly signed the advice which will be sent to the president for approval," the statement said. Under Pakistan's constitution, a neutral caretaker government oversees national elections, which must be held within 90 days of the dissolution of the parliament's lower house - which in this instance means early November. The choice of caretaker prime minister has assumed heightened importance this time because the candidate will have extra powers to make policy decisions on economic matters, and amid fears the elections may be delayed by as much as six months. Kakar has been serving a six-year term in Pakistan's Senate since 2018.

Persons: Shehbaz Sharif, Raja Riaz, Anwaar, Haq Kakar, Arif Alvi, Kakar, Gibran Peshimam, Raju Gopalakrishnan, Mark Potter Organizations: Pakistani, Geo News, Pakistan's Senate, Senate, Balochistan Awami Party, Thomson Locations: KARACHI, Pakistan, Balochistan, Pakistan's

The parliament's five-year term is due to expire on Aug. 12, but this move would dissolve it three days earlier. "I will tonight advise the president to dissolve the parliament," the premier told parliament. He said he would start discussions with the opposition leader on Thursday to pick a name from candidate lists of both sides to nominate as caretaker prime minister. The vote, however, could be delayed several months with the election commission set to start redrawing hundreds of constituencies based on a fresh census. The last general election in July 2018 was won by the party of cricketer-turned-politician Imran Khan, who was sworn in days later as prime minister for the first time.

Persons: Shehbaz Sharif, Arif Alvi, Imran Khan, Khan, Sharif, Asif Shahzad, Gibran Peshimam, Andrew Heavens, Bernadette Baum Organizations: Pakistan, International Monetary Fund, Thomson Locations: ISLAMABAD, Pakistan, Islamabad, Karachi

☆ Sportswear brands seek retail space for their women's boots
▼ + stars: | 2023-08-09 | by ( Lori Ewing | ) www.reuters.com time to read: +4 min

A recent report coordinated by soccer's European Club Association found as many as 82% of female players in Europe experience discomfort wearing boots. "Football brands are making welcome progress on supporting the needs of female football players," said Conservative MP Caroline Nokes, chair of British Parliament's Women and Equalities Committee. "(But) major retailers give limited recognition to women and girls when it comes to football boots. "It is no good investing in research and making boots for female football players if women are unaware of those products or unable to buy them." The smaller IDA Sports offers a wide range of women's boots, saying they have done extensive research into the biomechanical difference between men and women.

Persons: Carl Recine, England's Lionesses, Caroline Nokes, Puma, Kathryn Swarbrick, Luna, Laura Youngson, Youngson, Lori Ewing, William Maclean Organizations: Soccer Football, FIFA, REUTERS, soccer's European Club Association, Conservative, Equalities, Adidas, Nike, Puma, Umbro, North, Manufacturers, Elite, IDA Sports, Sports, Thomson Locations: New Zealand, France, Morocco, Adelaide, Australia, Europe, North Europe

☆ Spain's PP sees path to power after hard-right Vox dials down demands
▼ + stars: | 2023-08-07 | by ( Charlie Devereux | ) www.reuters.com time to read: +3 min

The PP´s general coordinator Elias Bendodo said the gesture would clear the way for other minor parties which objected to Vox's involvement to support the PP in an investiture vote. But Bendodo's claim was swiftly rebutted by the Basque Nationalist Party (PNV), which said on the social media platform X that its position had not changed. The PNV has said it would not negotiate with the PP to form a government involving Vox. Spain´s election last month ended in a stalemate with neither right-wing nor left-wing blocs winning enough seats for a majority. Since it won the most seats, Spain´s King Felipe VI is expected to give the PP the first stab at forming a government when parliament is convened on Aug. 17.

Persons: Vox, Elias Bendodo, Bendodo, Spain ´, King Felipe VI, Mariano Rajoy ´, Sumar, David Latona, Aislinn Laing, Christina Fincher Organizations: People's Party, Socialists, Basque, Radio COPE, Basque Nationalist Party, Vox, PSOE, Coalicion Canaria, Thomson Locations: MADRID, Spanish, Catalan, Spain, Basque, Coalicion

☆ Indian opposition leader Rahul Gandhi returns to parliament after reinstatement
▼ + stars: | 2023-08-07 | by ( ) www.reuters.com time to read: +2 min

[1/2] Rahul Gandhi, a senior leader of India's main opposition Congress party, arrives at the parliament after he was reinstated as a lawmaker, in New Delhi, India, August 7, 2023. NEW DELHI, Aug 7 (Reuters) - Rahul Gandhi returned to India's parliament on Monday after a Supreme Court ruling, boosting the profile of his Congress party and its opposition allies ahead of a no-confidence vote against Prime Minister Narendra Modi's government. The Supreme Court last week suspended the conviction, allowing Gandhi to return to parliament and contest next year's elections. On Monday, Ghandhi entered the parliament building after showing respect to the statue of freedom movement leader Mahatma Gandhi in the complex. BJP has said the Supreme Court has only suspended Gandhi's conviction and had not overturned it.

Persons: Rahul Gandhi, India's, Stringer, Narendra Modi's, Gandhi, Modi, Ghandhi, Mahatma Gandhi, Mallikarjun Kharge, Nigam, Tanvi Mehta, Muralikumar Anantharaman, Robert Birsel Organizations: REUTERS, NEW, Bharatiya Janata Party, BJP, Congress, Lawmakers, Developmental, Alliance, YP Rajesh, Thomson Locations: New Delhi, India, NEW DELHI, Wayanad, Kerala

Pakistan's Prime Minister Shehbaz Sharif, addresses the 23rd Shanghai Cooperation Organization (SCO) Summit, hosted virtually by India, in Islamabad, Pakistan July 4, 2023. Press Information Department (PID)/Handout via REUTERS /File PhotoISLAMABAD, Aug 4 (Reuters) - Pakistani Prime Minister Shehbaz Sharif has proposed that parliament be dissolved on Aug. 9, three days before the end of its term, political sources said on Friday, paving the way for a general election by November. Parliament's five-year term is set to expire on Aug. 12. Sharif's coalition came to power after former cricket star Khan was ousted in a vote of no confidence in April 2022. The military, which has ruled Pakistan for about half its history, denies that.

Persons: Shehbaz Sharif, Imran Khan, Khan, Asif Shahzad, Robert Birsel Organizations: Pakistan's, Shanghai Cooperation Organization, SCO, Summit, Press Information Department, REUTERS, Pakistani, Sharif, Thursday, Reuters, Information, Monetary, Thomson Locations: India, Islamabad, Pakistan, ISLAMABAD

☆ All 15 Israel Supreme Court judges to hear judicial overhaul petitions
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: +2 min

JERUSALEM, July 31 (Reuters) - Israel's Supreme Court on Monday said all 15 judges in a historic first would take part in a hearing on arguments against a law that Prime Minister Benjamin Netanyahu's religious-nationalist coalition passed as part of an overhaul of the judiciary. The Supreme Court agreed to discuss on Sept. 12 petitions to strike down the bill ratified last week that limits its powers to void some decisions made by government and ministers, setting the scene for a constitutional showdown. Netanyahu's coalition says the judicial changes are needed to curb what it describes as overreach by a Supreme Court that it says has become too politically interventionist. "These two elements form the basis of rule of law in Israel and of the balance between the authorities in any democracy." Israel's democratic foundations are relatively fragile and the Supreme Court is seen as crucial for protecting civil rights and the rule of law.

Persons: Benjamin Netanyahu's, Netanyahu, Yoav Gallant, Henriette Chacar, Ari Rabinovitch, Barbara Lewis, Bill Berkrot, Leslie Adler Organizations: Supreme, Israeli, parliament's Foreign Affairs, Defence Committee, Israel Bar Association, Thomson Locations: Israel

☆ Netanyahu defends judicial reforms, air force chief warns of security threat
▼ + stars: | 2023-07-28 | by ( Henriette Chacar | ) www.reuters.com time to read: +3 min

JERUSALEM, July 28 (Reuters) - Prime Minister Benjamin Netanyahu has said parliament's decision to trim Supreme Court powers to overrule government actions as part of his planned judicial overhaul would not hurt Israel's democracy. Now in its seventh month, the crisis escalated on Monday after parliament passed the first of the changes, trimming Supreme Court powers to overrule government actions and raising fears for the court's independence. While Netanyahu downplayed the consequences of his plans, air force chief, Tomer Bar, warned the crisis could be exploited by Israel's enemies. Political watchdog groups have appealed to the Supreme Court to strike the new law, paving the way to a showdown among branches of government when it hears the arguments in September. The prime minister says the changes will balance government branches.

Persons: Benjamin Netanyahu, Netanyahu, It's, Tomer, Michael Georgy, Tomasz Janowski Organizations: ABC News, CNN, Thomson

"The culture wars are coming to UK businesses, including the financial sector," said Andre Spicer, dean of City University's Bayes Business School. It also cited "risk factors including... controversial public statements which were felt to conflict with the bank's purpose". However, data from watchdog the Financial Ombudsman Service showed complaints about account closures represented a tiny fraction of a bank's overall customer base. Experts say other banks will now be scrambling to ensure their own policies and committees are behaving appropriately, to avoid further scandals. The CEO of Britain's biggest domestic bank Lloyds said on Wednesday the bank's own policies did not include looking at customers' political or personal beliefs.

Persons: Nigel Farage, Coutts, Andre Spicer, Howard Davies, Alison Rose, Rose, Peter Flavel, Charles Dickens, Queen Elizabeth II, Spicer, Harriet Baldwin, Bill Winters, Samuel Gregg, Banks, Gregg, University's Spicer, Rupert Younger, ", Sinead Cruise, Iain Withers, Lawrence White, Daniel Wallis Organizations: Brexit Party, NatWest, Bayes Business School, Coutts, Treasury, Bank of England, BBC, Standard Chartered, Farage, American Institute for Economic Research, Facebook, Financial, Service, Barclays, Lloyds, Centre, Oxford University's Said Business School, Thomson Locations: America

NEW DELHI, July 21 (Reuters) - Tiger Global, Peak XV and Steadview Capital are among 30 foreign and domestic investors asking Indian Prime Minister Narendra Modi to review a 28% gaming tax, saying the levy would adversely impact $4 billion in prospective investments, a letter showed. India last week announced the tax on the funds that online gaming companies collect from their customers. Games such as fantasy cricket have become increasingly popular in recent years, but have also raised concerns about addiction among players. Tiger Global and Peak XV, previously known as Sequoia Capital India, have invested in Indian gaming companies such as Dream11 and Mobile Premier League. Over 100 gaming firms wrote a letter recently to the finance ministry with a similar request, saying the tax will stifle foreign investment and put $2.5 billion already invested in the sector at risk.

Persons: Narendra Modi, Aditya Kalra, Chris Thomas, Tanvi Mehta, Savio D'Souza, Kim Coghill, Muralikumar Organizations: Tiger, Steadview, Indian, Reuters, Tiger Global, Sequoia Capital, Mobile Premier League, Thomson Locations: DELHI, India, Sequoia Capital India, New Delhi

[1/2] People walk outside the parliament, after Thailand's constitution court ordered the temporary suspension of the Move Forward Party's leader Pita Limjaroenrat from the parliament, in Bangkok, Thailand, July 19, 2023. REUTERS/Chalinee ThirasupaBANGKOK, July 20 (Reuters) - Thailand's parliament will hold another vote for a prime minister next week which cannot include the leader of election winners Move Forward, a deputy speaker said on Thursday, after rivals derailed his bid by blocking his re-nomination. "A candidate can only be nominated once in each parliamentary session," Deputy House Speaker Pichet Chuamuangphan told Reuters on Thursday. It is widely expected that real estate tycoon and political newcomer Srettha Thavisin from Move Forward's alliance partner Pheu Thai will be nominated for premier for the July 27 vote. "The eight parties are together, if there is a resolution for Pheu Thai to lead, then the party has to choose who to nominate," Srettha told reporters.

Persons: Pita Limjaroenrat, Parliament's, Pichet Chuamuangphan, Pita, Srettha, Pheu, Jetn Sirathranont, Thitinan, manoeuvred, Panarat Thepgumpanat, Chayut, Orathai, Panu, Kanupriya Kapoor, Martin Petty Organizations: REUTERS, Reuters, Constitutional, Senate, Chulalongkorn University, Thomson Locations: Bangkok, Thailand, BANGKOK

☆ Thai Parliament's rejection of Pita's prime minister nomination is somewhat new, says advisory firm
▼ + stars: | 2023-07-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThai Parliament's rejection of Pita's prime minister nomination is somewhat new, says advisory firmTeerasak Siripant of BowerGroupAsia discusses Move Forward Party leader's Pita Limjaroenrat derailed prime ministerial bid and the shortcomings of Thailand's electoral system.

Persons: Teerasak, BowerGroupAsia, Pita Limjaroenrat

☆ Britain's banks slow in passing higher rates to savers -watchdog
▼ + stars: | 2023-07-19 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

LONDON, July 19 (Reuters) - Britain's banks are not passing on higher interest rates to savers fast enough, though this is expected to accelerate in coming months as a new duty to provide good outcomes for consumers comes into force, UK financial regulators said on Wednesday. Interest rates in Britain have risen from record lows near zero percent during the COVID-19 pandemic to 5%, with more rises expected to quell inflation, sending borrowing costs higher. "The pace has simply not been fast enough," Financial Conduct Authority Chief Executive Nikhil Rathi told parliament's Treasury Select Committee. The duty comes into force on July 31 and Rathi told lawmakers it was the watchdog's most significant intervention across all types of firms in two decades. There is no need for a formal "savings charter" among banks on savings rates given the watchdog needed to be careful about coordinating pricing decisions in what is a "reasonably competitive market", Rathi said.

Persons: Nikhil Rathi, parliament's, Rathi, Ashley Alder, Alder, Huw Jones, Peter Graff, Bernadette Baum Organizations: FCA, Thomson Locations: Britain

☆ UK government's contested immigration plan to become law
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +2 min

Leon Neal/Pool via REUTERSLONDON, July 18 (Reuters) - British Prime Minister Rishi Sunak's highly contested plan to make it easier to send asylum seekers to Rwanda is set to become law after the government defeated attempts by parliament's upper house to make changes to the legislation. It can now go for Royal Assent, where it is formally approved by the king and becomes law. The legislation will help with the government's plan to send tens of thousands of asylum seekers who arrive on its shores a distance of more than 4,000 miles (6,400 km) to Rwanda. The government is appealing a Court of Appeal ruling last month that the plan was unlawful. It has been criticised by some opposition politicians and civil rights groups as inhumane, cruel and ineffective.

Persons: Rishi Sunak, Leon Neal, Rishi Sunak's, Bill, Kylie MacLellan, Kate Holton Organizations: British, REUTERS LONDON, Royal, East, European, of Human Rights, Thomson Locations: Downing, London, United Kingdom, Rwanda, parliament's, Britain

☆ NATO's northernmost members are preparing for an undersea showdown with Russia
▼ + stars: | 2023-07-18 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +8 min

NATO navies worry about those subs and they've increased their focus on countering undersea threats. Nordic navies are investing in their own submarine fleets to keep track of Russia's boats. A particular concern for the alliance is Russia's submarines, many of which are assigned to those two fleets. The potential threat from Russia's undersea forces has prompted its neighbors to reevaluate their own submarine needs. But Sweden's western neighbors, Norway and Denmark, both see a need for bigger sub fleets.

Persons: Christopher Cavoli, OLGA MALTSEVA, Ronald Reagan, Fredrik Linden, Petty, Marlowe Dix, Michael Aastrup Jensen, Aastrup Jensen, HENRIK MONTGOMERY, Eirik Kristoffersen, Kristoffersen, Constantine Atlamazoglou Organizations: NATO, Nordic, Service, Baltic, US, Command, Allied, Getty, North Atlantic, Baltic Fleet, Navy, Submarine, Reuters, Naval, Norfolk, US Navy, Hudson Institute, Getty Images, Submarines, Armed Forces, Fletcher School of Law, LinkedIn, Twitter Locations: Ukraine, Wall, Silicon, Nordic, Gulf of Finland, St . Petersburg, AFP, Finland, North, Russia's, Kaliningrad, Russia, Baltic, Sweden, Swedish, Gotland, Blekinge, Navy Gotland, Sweden's, Norwegian Ula, Norway, Denmark, Danish, Ula, Oslo, Swedish Gotland, Halland, Stockholm

☆ Britain lagging in delivery of new hospitals, watchdog says
▼ + stars: | 2023-07-16 | by ( ) www.reuters.com time to read: +2 min

The National Audit Office (NAO) said only 32 of 40 hospitals promised by former PM Boris Johnson were due to be completed on schedule by 2030. "Delivery so far has been slower than expected," said Gareth Davies, the head of the non-partisan NAO. The promise of 40 new hospitals in England by 2030 has been criticised as some of the proposals were for renovations of existing hospitals. Including those projects, there would be 40 new hospitals by the end of the decade, a health ministry spokesperson said. "Patients and clinicians are going to have to wait much longer than they expected before their new hospitals are completed."

Persons: Rishi Sunak, Dan Kitwood, Rishi, Boris Johnson, Gareth Davies, NAO, Sunak, Johnson, Meg Hillier, Alistair Smout, William Schomberg Organizations: British, Hospital, REUTERS LONDON, Audit, New, Labour Party, of Health, Social, Thomson Locations: Cambridge, United Kingdom, England

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