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☆ Why ‘sin taxes’ could play a significant role in Britain’s high-stakes budget
▼ + stars: | 2024-10-29 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

Hollie Adams | Afp | Getty ImagesBritain's Labour government appears poised to raise "sin taxes" in its highly anticipated October budget as it seeks to cash-in on lucrative industries to bolster Treasury revenues. Among a litany of measures, including a major change to the government's fiscal rules, Reeves is reported to be considering a sin tax raid. "Sin stocks are a good place to start. Shares of London-listed gambling stocks fell sharply on the news. A Treasury spokesperson was not immediately available to comment when contacted by CNBC about the prospect of sin taxes in the budget.

Persons: Keir Starmer, Rachel Reeves, Hollie Adams, Reeves, Michael, Britain's, William Hill, Paddy Power, Chris J, Ratcliffe, Bruce Morley, Morley, Morningstar's, Field, Alishia Abodunde Organizations: Britain's, Labour, Afp, Getty, Finance, Michael Field, Morningstar Analysts, Morningstar, CNBC, Guardian, London, Entain Plc, Bloomberg, Department, Environment, Food, Rural Affairs, Treasury, University of Bath, Imperial Brands, American Tobacco, Government Locations: London, Michael Field Europe, Europe, crosshairs, U.S, England, vapes

For instance, the U.S. has blocked shipments of cotton coming from China, a top manufacturer of popular clothing brands, because it was produced by forced or prison labor. While prison labor seeps into the supply chains of some companies through third-party suppliers without them knowing, others buy direct. Cargill acknowledged buying goods from prison farms in Tennessee, Arkansas and Ohio, saying they constituted only a small fraction of the company’s overall volume. For instance, about a dozen state prison farms, including operations in Texas, Virginia, Kentucky and Montana, have sold more than $60 million worth of cattle since 2018. “What for?”FOLLOWING THE MONEYThe business of prison labor is so vast and convoluted that tracing the money can be challenging.

Persons: it’s, Willie Ingram, “ They’d, billy clubs, they’d, ”, Ingram, didn’t, they’re, don’t, Andrea Armstrong, Frank Dwayne Ellington, Ellington, Koch, “ It’s, it’s somebody’s, Alishia Powell, Clark, “, Bunge, Louis Dreyfus, Archer Daniels, Cargill, ” McDonald’s, Mills, ” Bunge, Burger, Jermaine Hudson, ” Hudson, Calvin Thomas, Thomas, Ken Pastorick, Pastorick, Jennifer Turner, Faye Jacobs, Jacobs, ’ ” David Farabough, they’ve, Joshua Sbicca, Cliff Johnson, Jimmy Dean, Sara Lee, Tyson, Brevard County Sheriff Wayne Ivey, that’s, ” Ivey, “ They’re, ’ ”, William “ Buck ” Saunders, Hickman’s, Brooke Counts, Counts, John’s, Jack Strain, Tammany Parish, Russell Stover, Curtis Davis, Robert Bumsted, Cody Jackson, Columbia University’s Ira A, Lipman Organizations: Louisiana State Penitentiary, The Associated Press, Walmart, Cargill, U.S, Kroger, Target, Aldi, Corrections, Loyola University New Orleans, Koch Foods, Occupational Safety, Health Administration, Washington, Archer Daniels Midland, Consolidated, AP, Foods, Dairy Farmers of, Big, Sam’s, Tyson Foods, U.S ., Civilian, OSHA, Fair Labor, American Civil Liberties, Colorado State University, MacArthur Justice Center, University of Mississippi, PepsiCo, Brevard County Sheriff, Arizona . Companies, Costco, Correctional, Prisons, Nut, Maine Foods, Taylor Farms, Transitional, Associated Press, Public Welfare Foundation, Columbia, Lipman Center for Journalism, Arnold Ventures Locations: ANGOLA, La, Southern, Louisiana, Texas, In Louisiana, Angola, United States, “, Ashland, U.S, China, Tennessee , Arkansas, Ohio, Dairy Farmers of America, Texas , Virginia, Kentucky, Montana, Baton Rouge, Mississippi, Manhattan, America, Alabama, American, Arkansas , Texas, Florida , Alabama, South Carolina, Georgia, Arkansas, In Alabama, Florida, Brevard County, Arizona, Wisconsin, California, Colorado, state’s St, Tammany, Idaho, In Kansas, Cal, St, Francisville , Louisiana, Feliciana, Investigative@ap.org

☆ Iraq becomes EBRD shareholder, Senegal and Ghana apply to join
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

People walk past the new headquarters of the European Bank for Reconstruction and Development (EBRD) in Canary Wharf, London, Britain, September 14, 2023. REUTERS/Alishia Abodunde/File photo Acquire Licensing RightsLONDON, Nov 16 (Reuters) - Iraq has become the 74th member of the European Bank for Reconstruction and Development, the multilateral lender said on Thursday, while Ghana and Senegal have also applied to join. Iraq first submitted its request to join the bank in 2018, and its shareholder status enables it to apply to become a recipient economy, which would unlock EBRD finance and policy support. "When the time comes, we are looking forward to starting work in Iraq, applying our expertise to developing its economy," EBRD President Odile Renaud-Basso said in a statement. Renaud-Basso told Reuters that Senegal and Ghana had submitted applications to join the bank in the latest sign of its push into sub-Saharan Africa.

Persons: Alishia, Odile Renaud, Basso, Renaud, Libby George, Marc Jones, Christina Fincher Organizations: European Bank for Reconstruction, REUTERS, Reuters, Ukraine, Thomson Locations: Canary Wharf, London, Britain, Iraq, Ghana, Senegal, Saharan Africa, Benin, Ivory Coast, Europe, East, North Africa, Asia

People walk past the new headquarters of the European Bank for Reconstruction and Development (EBRD) in Canary Wharf, London, Britain, September 14, 2023. REUTERS/Alishia Abodunde/File photo Acquire Licensing RightsSummaryCompanies Move follows Hungary govt exit from Erste unitGovt raising financing for airport transactionExit 'good news' for sector's stability -EBRDBUDAPEST, Nov 15 (Reuters) - The European Bank for Reconstruction and Development is selling its 15% stake in Erste Group Bank's (ERST.VI) Hungarian unit back to the Austrian group after the Hungarian government's recent exit from the bank, a top EBRD official told Reuters. Austrian lender Erste said on Friday it was repurchasing a 15% stake in its Hungarian subsidiary, currently held by Hungarian state-owned Corvinus International Investments. Francis Malige, EBRD managing director of financial institutions, said the investment had been designed to help the Hungarian bank recapitalise while supporting a positive relationship with the authorities. "We received a call notice from Erste last Friday and are proceeding with the sale of our stake to the group, based on terms agreed during our 2016 investment."

Persons: Alishia, Viktor Orban, Marton Nagy, Francis Malige, Malige, Orban, Gergely Szakacs, Louise Heavens Organizations: European Bank for Reconstruction, REUTERS, Erste Group, Reuters, Economic, Budapest Airport, Austrian, Erste, International Investments, Erste Bank, Thomson Locations: Canary Wharf, London, Britain, Hungary, Erste, BUDAPEST, Austrian, Hungarian, Erste Bank Hungary

☆ London’s Pointe Black ballet school aims to break racial barriers
▼ + stars: | 2023-10-02 | by ( Alishia Abodunde | ) www.reuters.com time to read: +2 min

And classical ballet companies strive for a uniform look especially in works like “Swan Lake,” making it harder for dancers of colour to get hired or promoted. At The Royal Ballet, “we are determined to make our theatre a welcoming and inclusive place for all,” a company spokesperson said. “Dance is for everybody,” noted a spokesperson at The Royal Academy of Dance, whose syllabus is taught worldwide. “Ensuring there is diversity in the dance world is important to everyone at the RAD.”Essel wants to speed up change by disrupting the status quo. And it’s really just about celebrating the person no matter where they come from.”Maya Beale-Springer, a 10-year-old student at Pointe Black and another ballet school, enjoys exploring various styles.

Persons: Sandie Bourne, ”, Essel, “, ” Maya Beale, won’t, ” Essel, Richard Chang, E Wong, Eve Watling Organizations: Britain’s Society for Dance Research, Royal Ballet, The Royal Academy of Dance, Springer, Pointe Black Locations: Asia, South America, Cuba, perm

CNN —The party of Myanmar’s deposed former leader Aung San Suu Kyi said Thursday they were concerned she is “not receiving adequate medical care” while in prison, amid reports her health is failing. “If [Aung San Suu Kyi’s] health is not only impaired but her life also is endangered, the military junta is solely responsible,” the party said. Suu Kyi's son, Kim Aris, said he was "extremely worried" about his mother's health. Alishia Abodunde/ReutersA source told CNN earlier this month that Suu Kyi was suffering from gingivitis, an inflammation of the gums, and toothache, but had since recovered. The ruling military junta on August 1 pardoned Suu Kyi on five charges for which she was previously convicted, reducing her lengthy sentences.

Persons: Myanmar’s, Aung San Suu Kyi, “, Suu, Kim Aris, ”, Aris, Suu Kyi's, Alishia Abodunde, Suu Kyi, Farhan Haq, Kamala Harris, Min Aung Hlaing Organizations: CNN, National League for Democracy, Facebook, Reuters, United Nations, ASEAN, Army Locations: Myanmar, Britain, Jakarta, Indonesia

☆ Aung San Suu Kyi's son 'extremely worried' about his mother's health
▼ + stars: | 2023-09-12 | by ( Andrew Macaskill | ) www.reuters.com time to read: +3 min

Kim Aris, the son of Myanmar's detained former leader Aung San Suu Kyi, attends an interview at Reuters' office in London, Britain, September 11, 2023. REUTERS/Alishia Abodunde/File photo Acquire Licensing RightsLONDON, Sept 12 (Reuters) - The son of Aung San Suu Kyi, Myanmar's detained former leader, said he was "extremely worried" about his mother's health, saying she was struggling to eat and was being refused permission to see an outside doctor. Suu Kyi is facing 27 years of detention related to 14 criminal offences. In August the military pardoned Suu Kyi on five of the 19 offences for which she was convicted but said she would remain under house arrest. State media reported she had been moved from jail to house arrest shortly before.

Persons: Kim Aris, Myanmar's, Aung San, Aung San Suu Kyi, Alishia, Aung, Suu Kyi, Suu Kyi's, Suu, Aris, Andrew MacAskill, Alexandra Hudson Organizations: Reuters, REUTERS, Aris, European, Britain, Alexandra Hudson Our, Thomson Locations: Aung San Suu, London, Britain, Suu, Myanmar, United States, European Union

☆ UK house prices fall by most since 2009, Nationwide says
▼ + stars: | 2023-09-01 | by ( David Milliken | ) www.reuters.com time to read: +2 min

Prices dropped by 0.8% in August alone, the largest monthly fall since March, after a 0.3% decline in July, Nationwide's figures showed. The Bank of England has raised interest rates 14 times since December 2021 to 5.25%, and financial markets expect another rate increase this month to 5.5%. However Andrew Wishart, senior property economist at Capital Economics, said he expected house prices had another 5% to fall, taking the total peak-to-trough decline to 10.5%. "We think the August data marks the start of a significant further drop in house prices," he said, pointing to weakness in the latest Royal Institution of Chartered Surveyors survey, which shows the most widespread price falls since 2009. The poll showed respondents expected house prices to be unchanged in 2024 and to rise just over 3% in 2025.

Persons: Alishia, Robert Gardner, Gardner, Andrew Wishart, David Milliken, Sarah Young, Mike Harrison Organizations: REUTERS, Nationwide, The Bank of England, BBC, Capital Economics, Royal Institution, Chartered Surveyors, Thomson Locations: South London, Britain

☆ World Cup fuels surge in women's sports betting, but early kick-offs weigh
▼ + stars: | 2023-08-16 | by ( Yadarisa Shabong | ) www.reuters.com time to read: +2 min

Entain (ENT.L), owner of Ladbrokes and Coral brands, said it saw "exponential growth" in betting on the sport and a record number of women globally placing bets. The first three England games saw one-fifth of bets placed by women, it said. Betting on the co-host and semi-finalist Australia saw a 200% increase, fuelled by the Matildas strong run. Soccer leads the way in terms of the number of people betting and placing bets, and the number of women betting on women's soccer has doubled annually, the study said. Entain did not immediately disclose the number of bets placed on the World Cup.

Persons: Alishia, William Hill, Lee Phelps, Entain, Dominic Grounsell, Yadarisa, Conor Humphries Organizations: Soccer Football, FIFA, Australian High Commission, Australia, England, REUTERS, German Sport University Cologne, Soccer, Thomson Locations: New Zealand, London, Australia, Britain, Bengaluru

☆ 4 crew members who were promised a role in NBC's 'Bel-Air' speak out: 'I left my son for a year for nothing'
▼ + stars: | 2023-04-04 | by ( Eboni Boykin-Patterson | ) www.businessinsider.com time to read: +16 min

Four cast and crew members from the "Bel-Air" fan video were told they'd get hired for the TV show. Kerry Rounds, producer: 'I helped the fan trailer go viral and connected Cooper to Will Smith'I'm a film producer and social-media strategist. When the trailer was done and posted, I told Cooper I could call in some favors and get this thing seen. Cooper told me he'd pitched me for an executive role to NBC. When Kerry was still around for the project, things seemed to function more like a professional film set.

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