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☆ The Silicon Valley investors who secretly bought up $800 million in Northern California real estate reveal unexpected plans for 'a city of yesterday'
▼ + stars: | 2023-09-26 | by ( Chris Kaye | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

A mysterious company backed by Silicon Valley investors has been purchasing land near San Francisco. They're planning to build a retro city on the 52,000 acres of farmland they bought. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementThe Silicon Valley investors that got the government's attention by gobbling up $800 million worth of land outside San Francisco say the mystery city they plan on building is, well… kinda retro. Solano County Google Maps"The plans that people put forward will be very inspired by those great old American neighborhoods that someone who was born 100 years ago will recognize," Sramek told KQED.

Persons: —, we've, Jan Sramek, Sramek, Goldman Sachs, Marc Andreessen, Laurene Powell Jobs, Michael Moritz of, Reid Hoffman, Flannery, who've, Catherine Moy, Moy, Bill Gates, Elon Musk, Musk, Chap Ambrose, Ambrose, Azmi Haroun Organizations: Service, KQED, The New York Times, Michael Moritz of Sequoia Capital, Flannery Associates, Travis Air Force Base, Solano County Google, Boring Company, SpaceX, Washington Post Locations: Silicon, San Francisco, California, Solano County, Bay, Fairfield, Solano Silicon, Austin , Texas, Bastrop Country

☆ Bank of England halts run of interest rate hikes as economy slows
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +4 min

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. A day after a surprise slowing in Britain's fast pace of price growth, the BoE's Monetary Policy Committee voted by a narrow margin of 5-4 to keep Bank Rate at 5.25%. "There are increasing signs of some impact of tighter monetary policy on the labour market and on momentum in the real economy more generally," the MPC said in a statement. The BoE's decision to pause its rate hikes came a day after the U.S. Federal Reserve also opted to keep borrowing costs on hold. Last week, the European Central Bank raised rates but suggested it might be the last for now.

Persons: BoE, Maja Smiejkowska, William Schomberg, Andy Bruce, Suban Abdulla, Jon Cunliffe, Megan Greene, Jonathan Haskel, Catherine Mann, Andrew Bailey, Bailey, BRITAIN BOE Organizations: Bank of England, REUTERS, MPC, U.S . Federal Reserve, European Central Bank, Thomson Locations: London, Britain

A day after Britain's fast pace of price growth unexpectedly slowed, the BoE's Monetary Policy Committee voted by the narrowest margin of 5-4 to keep Bank Rate at 5.25%. But rate futures suggested they still saw a 50% chance of Bank Rate rising to 5.5% by the end of this year. Britain's economy, hit hard by Brexit, the COVID-19 pandemic and the surge in gas prices triggered by Russia's invasion of Ukraine, has been struggling with the highest inflation rate in the Group of Seven. But growth remains fragile, heightening the risk that the BoE's 14 back-to-back rate hikes will push the economy into a recession. Last week, the European Central Bank raised rates but suggested its move might be the last for now.

Persons: Andrew Bailey, Jon Cunliffe, Megan Greene, Jonathan Haskel, Catherine Mann, BoE, Reuters Graphics Sterling, Bailey, Rishi Sunak, Peter Nicholls, Frances Haque, Reuters Graphics Bailey, Yael Selfin, Hugh Gimber, William Schomberg, Catherine Evans Organizations: Bank of England, Reuters Graphics, U.S ., MPC, REUTERS, Santander UK, IF, U.S . Federal Reserve, European Central Bank, KPMG, Investors, Bank of, Morgan Asset Management, Thomson Locations: Ukraine, London, Britain

☆ Bank of England readies what may be its final rate hike
▼ + stars: | 2023-09-17 | by ( Andy Bruce | ) www.reuters.com time to read: +3 min

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. All but one of 65 economists polled by Reuters in recent days predicted the BoE will raise Bank Rate to 5.5% on Thursday from 5.25%, which would mark its highest level since 2007. If Bank Rate does peak at 5.5% - from a starting point of 0.1% - it would rank fourth on the list of Britain's biggest tightening cycles of the last century, behind surges that took place in the late 1980s and in the early- and late-1970s. The European Central Bank also cited a weak economic outlook when it hiked rates last week and signalled that would be its last such move in the current cycle. Inflation figures for August due on Wednesday are likely to buck the falling trend thanks to rising petrol prices.

Persons: BoE, Maja Smiejkowska, Andrew Bailey's, Bailey, Benjamin Nabarro, Catherine Mann, Catherine Evans Organizations: Bank of England, REUTERS, Reuters, Monetary, European Central Bank, Barclays, Data, MPC, Citi, Thomson Locations: London, Britain

☆ Bank of England to raise Bank Rate to 5.50% in September, significant minority expect further hike: Reuters poll
▼ + stars: | 2023-09-14 | by ( Shaloo Shrivastava | ) www.reuters.com time to read: +4 min

Nearly all 65 economists in the Sept. 11-13 Reuters poll expected the BoE to hike its Bank Rate by 25 basis points to 5.50% this month, in line with interest rate futures pricing. Survey medians showed the Bank Rate was expected to peak at 5.50%, matching rate futures pricing, and stay there until mid-2024. While 28 economists expected the Bank Rate to peak at 5.75%, two said 6.00%. Nine of 16 gilt-edged Market Makers (GEMMs) that participated in the poll predicted a 5.50% peak rate and seven said 5.75%. A separate Reuters poll showed average house prices in Britain were predicted to fall 4% this year and flatline in 2024 before rising in 2025.

Persons: BoE, Maja Smiejkowska, Ellie Henderson, BoE Governor Andrew Bailey, Catherine Mann, Shaloo Shrivastava, Anitta Sunil, Purujit Arun, Maneesh Kumar, Pranoy, Ross Finley, Hari Kishan, Mark Potter Organizations: Bank of England, REUTERS, Rights, Reuters, HSBC, MPC, Royal Institution, Chartered Surveyors, Thomson Locations: London, Britain, Investec

☆ Morning Bid: China developers catch break, BOJ hawks take flight
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +2 min

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 8, 2023. The drama isn't over: Sources say the extension applies to six of eight bonds under discussion, with voting delayed on the other two. The embattled developer has already dodged default twice this month, winning a three-year extension on offshore bond payments and making a last-minute coupon payment. Traders certainly lean toward a quarter-point hike next week, putting the probability at about 80%. But they're split on the chances of another, laying just north of 50/50 odds of one by March.

Persons: Kevin Buckland, Kazuo Ueda's, rumblings, BOE, Catherine Mann, it's, Sam Holmes Organizations: REUTERS, Staff, HK, Bank of Japan, Bank of England, Federal Reserve, ECB, Fed, Traders, Spain CPI, Thomson Locations: Frankfurt, Germany, Asia, Spain

☆ Morning Bid: Japan jolt as inflation forks
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +5 min

A man walks past the headquarters of Bank of Japan in Tokyo, Japan, January 17, 2023. "If we judge that Japan can achieve its inflation target even after ending negative rates, we'll do so," Ueda said. The yen surged 1% against the dollar, knocking the U.S. currency back more generally (.DXY) on the foreign exchange markets. If Japan's does tighten further by yearend, it comes as the Federal Reserve and European Central Bank rate hike campaigns are coming to halt. News of an expected return of headline Chinese consumer price inflation to positive territory last month and above-forecast August lending data helped mainland shares (.CSI300) higher, with the yuan bouncing back from 16-year lows.

Persons: Issei Kato, Mike Dolan, Kazuo Ueda, Ueda, Alibaba, Daniel Zhang, Bank of England policymaker Catherine Mann, Christina Fincher Organizations: Bank of Japan, REUTERS, U.S, Tokyo Stock, Nikkei, Global, Treasury, yearend, Federal Reserve, European Central Bank, ECB, Fed, CPI, OpenAI, Wall Street, SoftBank Group, underwriters, Bank of England, Oracle, Graphics, Graphics Reuters, Thomson, Reuters Locations: Tokyo, Japan, U.S, Hong Kong, Ottawa

☆ This is how the billionaires planning a new city near San Francisco imagine their utopia could look
▼ + stars: | 2023-09-02 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

California Forever posted CGIs of the "walkable community" on its website. California Forever, the parent company of Flannery Associates, launched its website and shared first images of what the city in Solano County could look like if it goes ahead. However, details of just how California Forever intends to go about creating its utopian city are sparse. It now has to gain approval from Solano County residents, 2,000 of which have already been surveyed, California Forever's website states. California Forever didn't immediately respond to a request for comment from Insider, made outside normal working hours.

Persons: Flannery, who've, Catherine Moy, John Garamendi, didn't Organizations: California, Service, Flannery Associates, Residents, Silicon, NBC Bay Area, California Forever Locations: California, Wall, Silicon, Solano County, Solano, Solano Fairfield, Solano county

☆ A mayor told the investors who want to build a new city in her backyard to 'take their billions of dollars and go back down to Silicon Valley'
▼ + stars: | 2023-09-02 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Moy told Bloomberg she would "do everything we can to stop" Flannery Associates' plans. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Moy told Bloomberg that "this is no way to go about any kind of development," adding: "We're going to do everything we can to stop this." The Silicon Valley elites have purchased about 52,000 acres of land around Travis Air Force Base since 2018, leaving "no part that isn't touched by Flannery," Moy told ABC 7 News. Speaking to CNBC about the Flannery plan, Moy said the Air Force base "can't function" with a settlement encroaching on it.

Persons: Catherine Moy, Moy, Flannery, John Garamendi, Solano County's, Marc Andreessen, Reid Hoffman, Laurene Powell Jobs, Steve Jobs Organizations: Solano, Bloomberg, Service, Daily, Flannery Associates, New York Times, Travis Air Force Base, ABC, CNBC, Air Force Locations: Fairfield, Wall, Silicon, California, Solano County, San Francisco

☆ Fairfield Mayor Catherine Moy on taking a stand against California's mysterious utopia development
▼ + stars: | 2023-09-01 | 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 EmailFairfield Mayor Catherine Moy on taking a stand against California's mysterious utopia developmentHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Catherine Moy, Brian Sullivan, “ Organizations: CNBC

☆ A mystery company backed by Silicon Valley billionaires has purchased tens of thousands of acres of land for more than $800 million to build a new city near San Francisco
▼ + stars: | 2023-08-26 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

A company called Flannery Associates has been purchasing land in a county near San Francisco. The company, Flannery Associates, has spent $800 million to purchase thousands of acres of farmland in Solano County, which sits northeast of San Francisco, court documents obtained by Insider show. But the spending price has since soared, with Flannery spending up to $15,000 per acre, lawyers for Flannery Associates said in court documents. Attorneys for Flannery Associates and the landowners did not respond to a request for comment outside of working hours. AdvertisementAdvertisementMusk recently purchased 3,500 acres of land outside of Austin, Texas, to build a town he intends to call "Snailbrook."

Persons: Flannery, Marc Andreessen, Laurene Powell Jobs, Catherine Moy, Jan Sramek, Goldman Sachs, Powell Jobs, Michael Moritz of, Reid Hoffman, Moritz, Y, We're, Bill Gates, Elon Musk Organizations: Service, Silicon, The New York Times, Flannery Associates, Street Journal, Travis Air Force Base, Air Force Base Google, ABC, Times, Michael Moritz of Sequoia Capital, LinkedIn, Solano County Google, The Times, Tech Locations: San Francisco, Wall, Silicon, California, Solano County, Fairfield, Real, Austin , Texas, Colorado

Economists polled by Reuters last week forecast BoE rates would peak at 5.75% later this year. The BoE forecast inflation would fall to 4.9% by the end of this year - a faster decline than it had predicted in May. Wage rises had been a bigger driver of high inflation than companies' profit margins, the BoE said. The BoE forecast housing investment would fall 5.75% this year and 6.25% in 2024. (This story has been corrected to clarify that the unemployment rate forecast is for late 2025, not late 2024, in paragraph 17)Our Standards: The Thomson Reuters Trust Principles.

Persons: Hollie Adams, BoE, Andrew Bailey, Catherine Mann, Jonathan Haskel, Swati Dhingra, Rishi Sunak Organizations: Bank of England, City of, REUTERS, U.S . Federal Reserve, European Central Bank, Reuters, MPC, Markets, Thomson Locations: City, City of London, Britain

☆ Opinion | Does Free Speech Protect Trump’s Election Lies?
▼ + stars: | 2023-08-02 | by ( Thomas B. Edsall | ) www.nytimes.com time to read: +5 min

But, Hasen argued:“Trump did not just state the false claims; he allegedly used the false claims to engage in a conspiracy to steal the election. There is no First Amendment right to use speech to subvert an election, any more than there is a First Amendment right to use speech to bribe, threaten, or intimidate.”Francesca Procaccini, a law professor at Vanderbilt, shares the view that in the contemporary political environment, there needs to be more regulation of speech. In an email, she wrote:The left is split on how to respond to misinformation precisely because the left is historically committed to free speech and also to uplifting marginalized voices. Now, many on the left have increasingly come to understand that speech itself (whether false speech or hate speech) is also detrimental to marginalized communities. It concluded that “states and public-sector unions may no longer extract agency fees (partial union dues) from nonconsenting employees.”

Persons: Hasen, Trump Will, ” Hasen, Jack Smith, Donald Trump, Trump, “ Trump, ” Francesca Procaccini, ” Procaccini, “, ”, ” Catherine MacKinnon, ” MacKinnon, misogynists, MacKinnon, Elena Kagan Organizations: “, Trump, Vanderbilt, Citizens, University of Michigan, . State, Municipal Employees Locations: “ U.S, Janus, ., County

☆ Sharks have bitten an unusually high number of people in New York this year. Two experts explain why and how to stay safe.
▼ + stars: | 2023-08-01 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +5 min

An unusually high number of people were bitten by sharks in early July near New York. Prior to last year, New York had a very low number of shark bites, according to the Florida Museum International Shark Attack File. While the localized spike is unusual, the total number of unprovoked shark bites worldwide has averaged about 74 per year. Why sharks bite humansThere are roughly 520 species of sharks, according to the University of Florida. "Shark bites are a function of the number of sharks, but also the number of humans in the water," he said.

Persons: WYFF, they'd, Catherine Macdonald, Yannis Papastamatiou, we're, Macdonald, Papastamatiou, There's Organizations: Service, Hilton, NPR, Florida, University of Miami, University of Florida, Florida International University, Florida Museum Locations: New York, Wall, Silicon, Island , South Carolina, Long, New, Australia, California

☆ Women's World Cup roundup: Australia routs Canada
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: +2 min

[1/4] Soccer Football - FIFA Women’s World Cup Australia and New Zealand 2023 - Group B - Canada v Australia - Melbourne Rectangular Stadium, Melbourne, Australia - July 31, 2023 Australia's Hayley Raso celebrates scoring their second goal REUTERS/Asanka Brendon RatnayakeJuly 31 - Hayley Raso recorded a first-half brace on Monday as Australia advanced to the knockout round with a 4-0 victory over Canada in a Group B clash at the Women's World Cup in Melbourne, Australia. Kailen Sheridan made two saves for Canada (1-1-1), which was unable to take advantage of a 5-4 edge in corner kicks. The Japanese will face Norway in the knockout round on Saturday in Wellington. Misa Rodriguez made one save for Spain (2-1-0), which will challenge Switzerland on Saturday in Auckland, New Zealand. Zambia 3, Costa Rica 1Lushomo Mweemba, Barbra Banda and Racheal Kundananji each scored a goal to lift Zambia to its first-ever win at the Women's World Cup at Hamilton, New Zealand.

Persons: Hayley Raso, Asanka Brendon Ratnayake, Raso, Mary Fowler, Steph Catley, Kailen Sheridan, Nnadozie, Uchenna Kanu, Courtney Brosnan, Hinata Miyazawa, Miyazawa, Riko Ueki, Mina Tanaka, Misa Rodriguez, Mweemba, Barbra Banda, Racheal Kundananji, Catherine Musonda, Melissa Herrera Organizations: Soccer Football, FIFA, REUTERS, Canada, Australia, Ireland, Brisbane, Japan, Spain, Costa Rica, Thomson Locations: New Zealand, Canada, Melbourne, Australia, Nigeria, Japan, Spain, Wellington , New Zealand, Norway, Wellington, Auckland , New Zealand, Zambia, Costa Rica, Hamilton , New Zealand

☆ How to watch Australia, Canada and Nigeria battle for Wwomen's World Cup knockout phase spot
▼ + stars: | 2023-07-30 | by ( Ben Morse | ) edition.cnn.com time to read: +23 min

Franck Fife/AFP/Getty Images Norway celebrates scoring in its 6-0 victory against the Philippines on Sunday. Aisha Schulz/AP Sweden's Amanda Ilestedt, center, heads the ball to score the opening goal against Italy on July 29. John Cowpland/AP Italy's fans cheer before their team's match against Sweden at Wellington Regional Stadium, New Zealand. John Cowpland/AP China's Wang Shuang celebrates after scoring against Haiti during a Women's World Cup match on Friday, July 28. John Cowpland/AP US forward Alex Morgan is surrounded by Vietnam defenders during their opening match on July 22.

Persons: Colombia's Manuela Vanegas, Franck Fife, Alexandra Popp, Ulrik Pedersen, Manuela Vanegas, Sajad, Jaimi Joy, Reuters Linda Caicedo, Phil Walter, Getty, Dominique Randle, Hannah Peters, Hali, Rafaela Pontes, Olivia McDaniel, Norway's Caroline Graham Hansen, Abbie Parr, Sophie Roman Haug of, Jessika Cowart, Buda Mendes, Ali Riley, Katie Bowen, Molly Darlington, Julia Stierli, Alessandra Tarantino, Ramona Bachmann, Sanka Vidanagama, James Elsby, Benzina, Edina Alves Batista, Hannah Mckay, Brenton Edwards, Panama's Aldrith Quintero, Jamaica's Deneisha Blackwood, Kameron Simmonds, Luisa Gonzalez, Allyson Swaby, Herve Renard, Wendie Renard, Debinha, Katie Tucker, Aisha Schulz, Amanda Ilestedt, John Cowpland, Rebecka Blomqvist, Wang Shuang, Maddie Meyer, Dumornay, China's Dou Jiaxing, Alex Pantling, Chloe Kelly, Carl Recine, Mary Earps, Andy Cheung, Janni Thomsen, Alex Greenwood, Lauren James, Justin Setterfield, Keira Walsh, Walsh, Argentina's Mariana Larroquette, Yamila Rodriguez, Cristiano Ronaldo, Lionel Messi, Matthew Lewis, Linda Motlhalo, Lars Baron, Osinachi Ohale, Bradley Kanaris, Dan Peled, Anthony Albanese, Matt Roberts, Jéssica Silva, Vietnam's, Saeed Khan, Fiona Goodall, Daphne van Domselaar, Julie Ertz, Brad Smith, Andrew Cornaga, Lindsey Horan, Joe Prior, Catherine Ivill, Amanda Perobelli, Canada's Vanessa Gilles, Ireland's Niamh Fahey, Louise Quinn, Murty, Katie McCabe applauds, Paul Kane, Kailen Sheridan, McCabe, Stephen McCarthy, Adriana Leon, Colin Murty, Jennifer Hermoso, David Rowland, Reuters Hermoso, Spain's Alexia Putellas, Mary Wilombe, Naomoto, Japan's Mina Tanaka, Daniela Solera, Sarina Bolden, Bolden's, Hannah Wilkinson, Bolden, Victoria Esson, Katelyn Mulcahy, Hagen Hopkins, Catalina Usme, Korea's Cho, Colombia's Jorelyn, Carolina Arias, Cameron Spencer, Reuters Usme, Kim Hye, Rebecca Welch, David Gray, Brazil's Marta, Matt Turner, Borges, Khadija Er, Victoria Adkins, Germany's Alexandra Popp, Asanka Brendon Ratnayake, Morocco's Fatima Tagnaout, Hamish Blair, Cristiana Girelli, Kim Price, Francesca Durante, German Portanova, Reuters Italy's Giulia Dragoni, Estefania Banini, Dragoni, Grace Geyoro, Mark Baker, Rebecca Spencer, Robert Cianflone, Bunny, Shaw, Estelle Cascarino, Portugal's Ines Pereira, Stefanie van der, Van der Gragt, Portugal's Jessica Silva, Silva, Joe Allison, Magaia, Sweden's Elin Rubensson, Amalie Vangsgaard's, Zhang Linyan, Denmark's Pernille Harder, Gary Day, Shui, Reuters England's Alessia Russo, Haiti's Tabita Joseph, England's Lionesses, Reuters Nicolas Delépine, Kerly Theus, Zac Goodwin, Jun Endo, Zambia's Agnes Musase, Reuters Aoba, Catherine Musonda, Alex Morgan, Carmen Mandato, Megan Rapinoe, Horan, Trần Thị Kim Thanh, Sophia Smith dribbles, Ane, Esther González, Costa, Costa Rica's Mariana Benavides, Katrina Guillou, Switzerland's Gaëlle Thalmann, William West, Uchenna Kanu, Chiamaka Nnadozie, Canada's Christine Sinclair, Steph Catley, Heather Payne, Australia's Kyra Cooney, Mackenzie Arnold, Ria Percival, Ada Hegerberg, Jan Kruger, Zealand's CJ Bott, Norway's Mathilde Harviken vie, Jose Breton, Benee, Ireland's, Niamh Fahey, Vanessa Gilles, Coliin Murty, Sam Kerr, Kerr, Tony Gustavsson, Christine Sinclair, Ireland, Spain –, Japan's Hikaru Naomoto Organizations: CNN, Germany, Getty, Colombia, Reuters, Norway, Sunday, FIFA, AP, New Zealand, South, Jamaica, Brazil, France, Italy, Sweden, Wellington Regional, Haiti, China, Denmark, England, Argentina, Nigeria, Australia, Canada, Reuters Australian, Vietnam, Portugal, USSF, Ireland, Spain, Eden, Costa, Forsyth, AP Costa, Japan, New, Victoria, Panama, Morocco, Cristiana, Atlanta Primus, Zambia, Zambian, Costa Rica's, Getty Images, Zealand, AP Norway, Nations, FOX Sports, Telemundo, Seven Network, Optus Sport, BBC, ITV, Republic of Ireland, Super Falcons, coy Locations: Japan, Spain, Costa Rica, Zambia, Australia, Canada, Nigeria, AFP, Colombia, Philippines, AP Philippines, Sophie Roman Haug of Norway, New, Reuters, Morocco, South Korea, Perth, Reuters Jamaica, Brisbane, New Zealand, Reuters England, Reuters Argentina, Argentina, South Africa, Ireland, Portugal, Vietnam, United States, Netherlands, Wellington , New Zealand, Auckland , New Zealand, Costa Rican, Dunedin , New Zealand, AP Costa Rican, Reuters Switzerland, Norway, Switzerland, Sydney, Reuters Colombia, Panama, Adelaide, Germany, AP Argentina, German, Italy, Atlanta, Africa, China, European, Reuters England's Georgia, Ane Frosaker, Eurasia, Melbourne, Reuters Norway, Zealand, Eden, United Kingdom, Republic of, Republic of Ireland, Wellington

☆ Five-star Spain cruise into World Cup knockouts with thumping win over Zambia
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +4 min

That's the ambition I like to see in the team," Spain coach Jorge Vilda told reporters. Zambia had their chances on the counter-attack but failed to test Misa Rodriguez in Spain's goal with a number of wayward shots. "Spain are very experienced... we are just developing, we still need more experience," Zambia skipper Barbra Banda said. Sakala had the final say, however, when she made a string of saves to deny both Hermoso and Redondo from claiming hat-tricks. "Today's game, we actually played much better than we did the first game," Zambia coach Bruce Mwape said.

Persons: Jennifer Hermoso, David Rowland AUCKLAND, Teresa Abelleira, Alba Redondo, Jorge Vilda, Vilda, Alexia Putellas, Ballon, Abelleira, Hermoso, Ona Batlle, Salma Paralluelo, Eunice Sakala, Catherine Musonda, Redondo, Jeong Oh, Hyeon, Misa Rodriguez, Barbra Banda, Sakala, Bruce Mwape, they've, Rohith Nair, Toby Davis Organizations: Soccer Football, FIFA, REUTERS, debutants, Alba, Costa Rica, Thomson Locations: New Zealand, Spain, Zambia, Eden, Auckland , New Zealand, debutants Zambia, Japan, Costa, Costa Rica, Spain's, Redondo, Bengaluru

☆ Women’s World Cup: Three Contenders Look to Make Their Move
▼ + stars: | 2023-07-26 | by ( Andrew Das | The New York Times | ) www.nytimes.com time to read: +4 min

The next stretch of games in the Women’s World Cup will see several favorites to win the tournament look to build some momentum — or, in Canada’s case, find some — and display the dominance for which they’re known. Spain, which cruised in its opener, will look to repeat the feat just like Japan did on Wednesday in its win over Costa Rica, 2-0. Spain opened the World Cup in impressive style against Costa Rica. “We weren’t always clicking on the field,” the United States co-captain Alex Morgan said this week. And therein lies the problem facing the United States: that sturdiness, discipline and organization will be tough to break down.

Persons: Hazel Nali, Catherine Musonda, doesn’t bode, Alexia Putellas, Christine Sinclair, “, Bev Priestman, ”, m. E Organizations: Nigeria, Ireland, New Zealand, Vietnam, Ireland Ireland, Australia, Canada, ”, Japan, Costa Rica Japan’s, Zambia Locations: Canada, Spain, Japan, Costa Rica, New, United States, Zambia, Australia, Ireland, JAPAN

☆ Santiago Abascal: Who is Spain's far-right leader and what does he stand for?
▼ + stars: | 2023-07-17 | by ( Aislinn Laing | ) www.reuters.com time to read: +5 min

[1/4] Spain's far-right Vox party leader Santiago Abascal gestures as he speaks during an opening campaign rally ahead of the July 23 snap election, in Puerto Almerimar, El Ejido, Spain July 6, 2023. REUTERS/Jon Nazca/File PhotoMADRID, July 17 (Reuters) - As could be expected of the head of a far-right party that puts nationalism at its core, Vox leader Santiago Abascal drapes himself in Spanish symbols, wearing designer shirts glorifying bullfighting or issuing Vox-branded hand fans to rally attendants. Reuters Graphics Reuters GraphicsHowever, the frontrunning centre-right People's Party (PP), led by Alberto Nunez Feijoo, is unlikely to secure an outright majority, and may turn to Vox as a kingmaker. Abascal is the third generation of politicians in his family, his father and grandfather having also served in regional or local government. A sociology graduate from Spain's northern Basque Country, Abascal joined the PP at 18, was elected as a councillor at 23 and became a PP lawmaker in the Basque parliament.

Persons: Santiago Abascal, El, Jon Nazca, Abascal, Pedro Sanchez's, Vox, Alberto Nunez Feijoo, Santi, Sanchez, Miguel Angel Murado, Ana Pedroza, Carlos Perez, Francisco Franco's, Giorgia Meloni, Viktor Orban, Italy's Meloni, Aislinn Laing, Catherine Macdonald, Andrei Khalip, Alex Richardson Organizations: Vox, REUTERS, Socialist, Reuters Graphics Reuters, People's Party, ETA, Italy's, Thomson Locations: Puerto Almerimar, El Ejido, Spain, MADRID, Spain's, Basque, Catalonia, Madrid, Hungary, Italy, Finland, Hungarian, Valencia

The European Space Agency (ESA), whose satellites monitor land and sea temperatures, has warned that Italy, Spain, France, Germany and Poland are all facing extreme conditions. Temperatures next week could break Europe's current record - 48.8 Celsius recorded in Sicily in August 2021. [1/5]A woman cools off near a fan at a caf?, during a heatwave across Italy, in Rome, Italy, July 14, 2023. ACROPOLIS NOT NOWIn Athens, with temperatures peaking above 40 Celsius, authorities closed the Acropolis Hill, home to the Parthenon temple that is visited by millions of tourists every year, from noon to 5 p.m. (0900 GMT-1400 GMT). Others were brought down from the Acropolis Hill in golf carts and transferred to wheelchairs.

Persons: BURNS, Joan Ballester, Guglielmo Mangiapane, Angel Abad, Abad, Deborah Kyvrikosaios, Angeliki, Stamos Prousalis, Antonio Bronic, Malgorzata, Horaci Garcia, Guillermo Martinez Catherine Macdonald, Rachel Norstrant, Rich McKay, Keith Weir, Gavin Jones, Frank Jack Daniel Our Organizations: Phoenix, European Space Agency, ESA, Barcelona Institute, Global Health, caf, REUTERS, Reuters, Madrid's La, Thomson Locations: ATHENS, PHOENIX, Greece, Acropolis, Europe, Italy, Spain, France, Germany, Poland, Sicily, El, United States, Phoenix, Arizona, Portugal, Rome, ACROPOLIS, Athens, Croatia, Madrid's La Paz

☆ Morning Bid: Data-hit bond markets end summer lull
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +4 min

On top of that, there were signs that activity at dominant U.S. service sector firms picked up steam again last month too. Friday's release of the Labor Department's monthly national payrolls report will seal the picture. U.S. Treasury yields hit 16-year highs above 5%, German equivalents hit their highest in 15 years and British gilt yields scaled 2008 peaks. The VIX (.VIX) gauge of implied Wall St volatility - which had been peculiarly subdued right through last month - jumped to its highest since June 1. Crucially, 2-year Treasury yields edged back below 5%.

Persons: Mike Dolan, Lorie Logan, payrolls, HSI, Janet Yellen's, Elon, Lorrie Logan, Christine Lagarde, Joachim Nagel, Bank of England policymaker Catherine Mann, Emelia Sithole Organizations: readouts, Federal, Labor, Dallas Fed, Fed, Treasury, Nikkei, Twitter, Meta, Dallas Federal, Central Bank, Bank of England, NATO, Vilnius Reuters Graphics, Reuters Graphics Reuters, PMI Reuters Graphics Reuters, Thomson, Reuters Locations: U.S, China, Canada, New York, Vilnius Reuters

☆ Inflation blame game: UK economic woes set government and central bank on a collision course
▼ + stars: | 2023-07-04 | by ( Elliot Smith | ) www.cnbc.com time to read: +8 min

Sunak has reiterated his "total support" for the Bank of England and under fire Governor Andrew Bailey. Meanwhile, economic growth has all but stagnated and public debt has surpassed 100% of gross domestic product for the first time since March 1961. "What is perhaps surprising is that the energy shock in the U.K. was larger than in most of mainland Europe." In a recent CNBC-moderated panel at a monetary policy forum in Sintra, Portugal, Bailey noted that the U.K. labor force is unique in remaining below its pre-Covid levels. Thanos Papasavvas, founder of ABP Invest, also alluded to the unique susceptibility of the U.K. to high inflation, but said the Bank of England should have been alive to this far earlier.

Persons: Sunak, Andrew Bailey, STEFAN ROUSSEAU, Rishi Sunak, Shaan Raithatha, CNBC's, We've, they've, Raithatha, we've, Richard Flax, Panmure Gordon, Simon French, Bailey, it's, Brexit, Catherine Mann, It's, Panmure Gordon's, French, Thanos Papasavvas Organizations: Bank of England, Getty, Sunak's Conservative, The Bank of, Vanguard, CPI, CNBC, Bank, Monetary, Committee, Panmure, ABP Invest Locations: The Bank of England, U.S, Ukraine, Europe, Moscow, Sintra , Portugal, U.K, British

☆ Ireland bolsters data watchdog's powers, privacy activists cry foul
▼ + stars: | 2023-06-28 | by ( Padraic Halpin | ) www.reuters.com time to read: +2 min

DUBLIN, June 28 (Reuters) - Ireland bolstered its powerful data regulator's ability to stop the sharing of information during its inquiries into global tech companies amid criticism from opposition parties, privacy activists and non-governmental organisations. Ireland's Data Protection Commissioner (DPC) is the European Union's lead regulator of many of the world's largest technology companies due to their EU headquarters being based in Ireland, and has levied billions of euros worth of fines under the bloc's General Data Protection Regulation (GDPR), introduced in 2018. The DPC had sought the powers in order to ensure fair procedure, he said. "To be clear nothing in this amendment will prevent a complainant from speaking out about the nature of their data privacy complaint. The European Consumer Organisation, European Digital Rights group and Amnesty International also spoke out against the bill.

Persons: Max Schrems, James Brown, DPC, Johnny Ryan, Catherine Murphy, Padraic Halpin, Grant McCool Organizations: DUBLIN, Data Protection, Irish, of Civil Liberties, European Consumer Organisation, European Digital Rights, Amnesty International, Social Democrats, Thomson Locations: Ireland, European, Austrian

☆ Bank of England to press on with rate hikes, peak at 5.00% in Q3
▼ + stars: | 2023-06-14 | by ( Jonathan Cable | ) www.reuters.com time to read: +4 min

In December 2021 the BoE was one of the first major central banks to draw a line under its ultra-loose pandemic-era monetary policy. It has now raised borrowing costs by 440 basis points across 12 consecutive meetings in modest-sized rate rises. All 64 economists polled June 12-14 said the BoE would add another 25 basis points to Bank Rate on June 22, taking it to 4.75%. A majority of economists surveyed, 52 of 64, said Bank Rate will have peaked by end-August with the median forecast putting it at 5.00%. Although starting later, both the Fed and the European Central Bank have largely been raising rates in greater magnitudes than the BoE.

Persons: BoE, Ellie Henderson, BoE Governor Andrew Bailey, Jonathan Haskel, Catherine Mann, Megan Greene, Silvana Tenreyro, Stefan Koopman, Investec's Henderson, Jonathan Cable, Aditi Verma, Anitta Sunil, Ross Finley, Catherine Evans Organizations: Bank of England, Monetary, Committee, Rabobank, U.S . Federal, Fed, European Central Bank, Reuters, Thomson Locations: Investec

☆ Morning Bid: China steals the show before US inflation
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +2 min

A look at the day ahead in European and global markets from Sonali DesaiThe People's Bank of China (PBOC) managed to liven up the wait for Tuesday's highly anticipated U.S. consumer price inflation (CPI) data by lowering a short-term lending rate for the first time in 10 months. Several analysts had been expecting a cut to the one-year medium-term lending facility rate on Thursday, when the PBOC is widely expected to roll over maturing loans. The move had little broader impact on markets in the run-up to tonight's U.S. CPI release and this week's major central bank decisions. Europe's calendar highlights include UK employment data, Germany's ZEW survey for June and final May inflation data, and Bank of (BoE) Governor Andrew Bailey's parliamentary testimony. In the U.S., CPI data is likely to dominate market interest and factor into the Federal Open Market Committee's (FOMC) deliberations as it begins a two-day meeting.

Persons: Sonali Desai, Tuesday's, SoftBank Group's, BoE, Andrew Bailey's, BoE policymaker Catherine Mann, Bailey, CPI BoE Governor Bailey, ECB's Pablo Hernandez de Cos, Andrea Enria, FOMC, Christopher Cushing Organizations: People's Bank of China, U.S, CPI, U.S ., Intel, Reuters, Bank of, bps, Federal, Reuters Graphics Reuters, Economic, Thomson Locations: Asia, U.S . Federal, U.S

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