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☆ Violent, far-right riots overran some UK cities this weekend. What happened, and what comes next?
▼ + stars: | 2024-08-05 | by ( Rob Picheta | ) edition.cnn.com time to read: +10 min

London CNN —Far-right riots swept Britain over the weekend, with outbreaks of anti-immigrant violence in a number of cities and towns, leaving the new UK government scrambling to control the worst disorder in more than a decade. Throughout Friday, Saturday and Sunday, violent protesters congregated in city and town centers across the UK, many of them apparently intent on clashing with police and causing havoc. The gatherings ostensibly started as anti-immigration marches, organized on social media platforms like X and on WhatsApp and Telegram groups. Violence also took place in Sunderland, Middlesbrough, Stoke-on-Trent and several more cities, mostly across the Midlands and north of England. The man in charge of bringing those offenders to justice was Keir Starmer, then Britain’s Director of Public Prosecutions.

Persons: Keir Starmer, –, ”, Constable Lindsey Butterfield, Owen Humphreys, we’ve, ” Starmer, Christopher Furlong, Nigel Farage, Priti Patel, Diane Abbott, Britain’s, Elon, Tommy Robinson, Joe Mulhall, Robinson, Peter Powell, Musk, “, Starmer, underfunding Organizations: London CNN, Labour Party, Protesters, Rotherham, South Yorkshire Police, Middlesbrough, Stoke, Trent, Office, National Police Chiefs ’ Council, “, Downing, Police, . Police, Reform, Conservative Party, Farage, Conservative, CNN, Getty, Public Prosecutions, British Ministry of Justice, State, Justice, PA Media Locations: Britain, Southport, England, WhatsApp, Rotherham, Tamworth, Midlands, Middlesbrough, Sunderland, United Kingdom, Manchester, AFP, ”, British, London, gridlock, Wales, Afghanistan

☆ Why the Fed almost certainly isn’t going to do an emergency rate cut
▼ + stars: | 2024-08-05 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

Investors are increasingly hopeful that will push Federal Reserve officials to come to their rescue with an emergency rate cut. But if something comes up in between those meetings that changes their views on the ideal level for rates, officials can gather for an unscheduled “emergency” meeting. By doing two large emergency cuts in succession, Fed officials didn’t have to weigh whether their actions would unnecessarily cause Americans to panic. Before those cuts, the last time the Fed was promoted to do an emergency rate cut was in the thick of the Great Recession shortly after Lehman Brothers collapsed in the fall of 2008. But he said he was “reluctantly” comfortable with an emergency cut since other central banks were doing it.

Persons: Austan Goolsbee, there’s, Lehman Brothers, ” Charles Plosser, “, ”, That’s, Janet Yellen, ” Yellen, Plosser Organizations: New, New York CNN, Federal, Chicago Fed, New York Times, Philadelphia Fed, Bank of Canada, European Central Bank, Bank of England, San, Committee, Fed, Treasury Locations: New York

☆ Bank of England to remain cautious on future interest rate cuts, economist says
▼ + stars: | 2024-08-05 | 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 EmailBank of England to remain cautious on future interest rate cuts, economist saysSonali Punhani, chief U.K. economist at Bank of America Merrill Lynch, weighs in on the Bank of England's recent interest rate cut and the outlook for monetary policy moving forward.

Persons: Sonali Punhani, Bank of America Merrill Lynch Organizations: Email Bank of England, Bank of America, Bank of

The Serbian tennis legend had won all four Grand Slam titles and practically every honor there is in the sport, but the Olympic gold medal had escaped him. Paul Ellis / AFP via Getty ImagesSimone Biles' Olympic medal collection has officially reached double digits. , the American cyclist who didn’t even qualify for the Olympics but is now going home with a gold medal. Racing in a downpour, Julien Alfred won the first Olympic medal in any sport for Saint Lucia on Saturday when she took gold in the women's 100-meter final. the first Olympic medal in any sport for Saint Lucia on Saturday when she took gold in the women's 100-meter final.

Persons: Noah Lyles, Jamaica’s Kishane Thompson, ’ Fred Kerley, Hector Vivas, Lyles, Novak Djokovic, Matthew Stockman, Novak Djokovic couldn’t, Djokovic, Carlos Alcaraz, Simone Biles, Paul Ellis, ”, Biles, hasn’t, “, ” Biles, Suni Lee, Kaylia Nemour, Qiu Qiyuan, David Li, Imane, Hungarian Anna Luca Hámori, ” Khelif, Lin Yu, Thomas Bach, Kristen Faulkner, Bobby Finke, Katie Ledecky can’t, Julien Alfred, Saint Lucia, Sha'Carri Richardson, Kamala Harris, Whom Harris, we’ll, Andy Beshear, Pete Buttigieg, Sen, Mark Kelly of, JB Pritzker, Josh Shapiro, Tim Walz, MAGA, Harris, Nikki Haley, Donald Trump, Trump, Vance, SCOTUS, Neil Gorsuch, Joe Biden's, Debby, Storm Debby, Darren Staples, Keir Starmer, Israel, Ismail Haniyeh, Fuad Shukr, “ They’ll, Michael G Organizations: Paris Olympics, U.S, Olympic, Getty, NBC News Algerian, Team USA, Saint, Paris, Taxi, Philadelphia . Kentucky Gov, Mark Kelly of Arizona ,, Mark Kelly of Arizona , Illinois Gov, Minnesota Gov, Democratic, Republican, GOP, ABC, Fox News, Tropical, National Hurricane Center, NOAA, U.S . Justice Department, Protesters, NBC News, NBC News Companies Locations: Serbian, Paris, Tokyo, Los Angeles, China, Hungarian, Taipei, U.S, Philadelphia . Kentucky, Mark Kelly of Arizona, Mark Kelly of Arizona , Illinois, Pennsylvania, Florida, of Mexico, Rocky, Southern California, Mississippi’s, Nottingham, England, AFP, Southport —, Liverpool, Hull, Israel, Iran, Breakwater, Rockland , Maine, South Florida, Nashville , Tennessee, Atlanta

☆ Far-right riots erupt in U.K. in the wake of child murders
▼ + stars: | 2024-08-04 | by ( Freddie Clayton | Freddie Clayton Is A Freelance Journalist Based In London. | ) www.nbcnews.com time to read: +5 min

One police officer in the city was hit on the head with a chair and another kicked and knocked off his motorcycle. The police force responsible for the region has confirmed that two officers were taken to the hospital with injuries. Police officers face off with protesters during a far-right demonstration in Bristol, England. The latest demonstrations puncture any idea that Starmer’s center-left government has evaded an ascendant hard-right movement that continues to rise on the continent. Behind his majority, there remains an angry and active far-right undercurrent that continues to make itself heard.

Persons: Starmer, ”, Taylor Swift, Justin Tallis, Axel Rudakubana, Tommy Robinson —, —, “, Andrew Tate Organizations: Police, Getty, Tech Against Terrorism, Guardian, English Defence, BBC Radio, Labour Party Locations: Bristol, Southport, England, Europe, Welsh, Cardiff, Britain, Romania, Rotherham

☆ ‘Worst season ever’: How things got ugly on Santorini, Greece’s ‘Instagram island’
▼ + stars: | 2024-08-04 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +7 min

It’s even earned the nickname “Instagram Island” because of its perfectly saturated “no filter” splendor. When evening comes, however, the crowds melt away, and some complain the island goes from Times Square to ghost town. Visitor cap coming in 2025Santorini Mayor Nikos Zorzos has proposed a cap on cruise ship passengers, down to 8,000 a day. Cruise ship passengers are valued and much needed, as are those longer-stay visitors coming by boat or plane, but he says the feeling among locals is that something has to give. Currently, nearly two-thirds of cruise tourism in Greece takes place in Piraeus, Santorini and Mykonos, CLIA said.

Persons: CNN —, it’s, It’s, Nikos Zorzos, Kyriakos Mitsotakis, megaphones, Xavier Duvot, Hans Lucas, ” Gianluca Chimenti, “, ”, Christos Stylianides, Maria Deligianni, CLIA, Katie Haslam, Rob, we’d, ” Love Organizations: CNN, Fira, Bloomberg, Getty, CNN Travel, Cruise Lines International Association, “ Locations: Oia, Europe, Spain, Netherlands, Venice, AFP, Santorini, Greece, Mykonos, Piraeus, Rochdale, England

☆ No need for army, UK government says, as it faces worst disorder in years
▼ + stars: | 2024-08-04 | by ( Radina Gigova | Sophie Tanno | ) edition.cnn.com time to read: +4 min

The UK is bracing for a new wave of protests on Sunday, after a stabbing attack in northwest England this week sparked disorder fueled by the far right. David Young/PA WireThere have been discussions to bring in the army to assist police, but currently “there is no need to bring in the army,” Johnson said. “The police have made it very clear that they have all the resources they need at the moment. There’s mutual aid, as I’ve just described, and they have the powers that they need.”Several UK cities saw violent protests on Saturday. UK Home Secretary Yvette Cooper denounced the incidents of public disorder and unrest on Saturday and said “thuggery” won’t be tolerated.

Persons: Dame Diana Johnson, Keir Starmer, “ We’ve, ” Johnson, David Young, “, Yvette Cooper, Taylor Swift, Jonathan McCambridge, Joe Mulhall, –, Mulhall, Stephen Lennon, a.k.a, Tommy Robinson, Elon Musk, ” Organizations: CNN, BBC, Labour, Belfast City Hall, PA Media, Southport, Research, Hope, Elon Locations: England, Belfast, Liverpool, Southport, Welsh, Cardiff

☆ Rioters target hotel used to house asylum seekers amid worst UK disorder in years
▼ + stars: | 2024-08-04 | by ( Radina Gigova | Sophie Tanno | ) edition.cnn.com time to read: +4 min

CNN —Rioters attacked a hotel used to house asylum seekers in the UK town of Rotherham on Sunday, as the country faces the worst social unrest it has seen in years. In the latest violence, the Holiday Inn Express Hotel in Rotherham was targeted by protesters who stormed the building, with reports of it being set on fire, according to PA Media. “The criminal, violent attack on a hotel housing asylum seekers in Rotherham is utterly appalling. Deliberately setting fire to a building with people known to be inside,” she wrote on X.Protestors throw a blazing garbage bin outside the Holiday Inn Express in Rotherham on Sunday. Riot police stand in front of windows broken by rioters outside of the Holiday Inn Express Hotel.

Persons: Yvette Cooper, ”, Stringer, Dame Diana Johnson, Keir Starmer, Christopher Furlong, ” Johnson, “, Joe Mulhall, –, Mulhall, Stephen Lennon, a.k.a, Tommy Robinson, Elon Musk Organizations: CNN, Police, PA Media, Reuters, BBC, Labour, Riot, Research, Hope, Elon Locations: Rotherham, Southport, England, Britain

☆ Far-right riots continue to sweep the UK following fatal stabbings at a children's dance class
▼ + stars: | 2024-08-04 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

More than 140 people have been arrested in the UK since Saturday night following widespread riots. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMore than 140 people have been arrested in the UK since Saturday night as rioting and violence swept the nation. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Police, Service, Sunday, BBC, Business Locations: England, South Yorkshire

☆ UK leader Starmer condemns attack on hotel as act of ‘right-wing thuggery’
▼ + stars: | 2024-08-04 | by ( ) www.cnbc.com time to read: +6 min

A small fire in a wheelie bin was also visible while windows in the hotel were smashed. Police in the north of England town of Rotherham struggled to hold back a mob of far-right rioters who were seeking to break into a hotel housing asylum-seekers. U.K. Prime Minister Keir Starmer has condemned the attack on a hotel housing asylum seekers, describing it as "far-right thuggery" as violence broke out in several towns and cities across the country. Police in the north of England town of Rotherham struggled to hold back a mob of far-right rioters who were seeking to break into a hotel housing asylum-seekers. Britain's new prime minister, Keir Starmer, has blamed the violence on "far-right hatred" and vowed to end the mayhem.

Persons: Keir Starmer, John Healey, George Robertson, Tiffany Lynch, Wales, Andrew Menary, Axel Rudakubana, Rudakubana, Stephen Yaxley, Lennon, Tommy Robinson, Elon Musk, Nigel Farage, —, …, Diana Johnson Organizations: British, Defence, Downing, Police, . Police, Police Federation of England, BBC, English Defense League, Merseyside Police, Twitter, Elon, Reform U.K Locations: London, England, Rotherham, Middlesborough, Belfast, Northern Ireland, Liverpool, Bristol, Southport, Wales, Rwandan, France

☆ Scottie Scheffler wins Olympic gold medal with final-round 62, Tommy Fleetwood takes silver
▼ + stars: | 2024-08-04 | by ( Brendan Quinn | ) www.nytimes.com time to read: +5 min

The Olympic men’s golf competition was in the hands of Jon Rahm. In the battle for bronze, Japan’s Hideki Matsuayama shot a final-round 65 to finish at 17-under-par, two shots behind Scheffler and one behind Fleetwood. Scheffler has won seven of his last 11 outings, all coming in majors or signature events with limited fields. The biggest winner this week was perhaps golf as an Olympic sport. Massive crowds all three days, genuine Olympic energy, and a star-stacked leaderboard proved the sport has a place in the Games.

Persons: Scottie Scheffler, he’s, Jon Rahm, Scheffler, Tommy Fleetwood, Japan’s Hideki Matsuayama, Fleetwood, Frenchman Victor Perez, putts, Rahm, Xander Schauffele, Charles Sands, — Seve Ballesteros, José, Olazábal —, ” Rahm, there’s, “, ”, Rory McIlroy, Kevin C, Cox Organizations: United State, Le, Schauffele, Spain, bogeys, Rio Games, Los Angeles Games, Riviera Country, Ryder Locations: QUENTIN, YVELINES, France, Scotland, Tokyo, Paris, Spain

☆ After various degrees and a brain injury, I owe $150,000 in student loans. The lawsuits and election only make it worse.
▼ + stars: | 2024-08-04 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +6 min

I wasn't prepared for the reality of my teaching salary or complicated nature of interest on student loans. I'm 35 now and have a long, winding history with my student debt, from income-driven repayment plans, to in-school deferments, to the SAVE plan, which an appeals court just blocked. And with the lawsuits and delays, my $150,000 of worth of debt in private and federal loans is now in limbo. AdvertisementThe lawsuits feel political to me, but I just don't see why politicians are interested in hindering my ability to survive. The election looms before me, with my financial future depending on who occupies the White House and how they feel about student debt.

Persons: Shanna Hayes, I'd, wasn't, I've, deferments, —, it's Organizations: Service, New England College, SAVE, House Locations: New York, New Hampshire

☆ Police officers injured as far-right activists face off against anti-racism groups across U.K.
▼ + stars: | 2024-08-03 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +6 min

Elsewhere, bricks were thrown at police officers in Stoke-on-Trent in central England while scuffles have also been reported in Belfast, Manchester and Nottingham. James Speakman / PA via APThe violence erupted earlier this week, ostensibly in protest of Monday’s stabbing attack in Southport. False rumors spread online that the young man was a Muslim and an immigrant, fueling anger among far-right supporters. “During the course of the evening, our officers were met with serious and sustained levels of violence,” he said. Starmer has blamed the violence on “far-right hatred” and vowed to end the mayhem.

Persons: ”, scuffles, Keir Starmer, James Speakman, Andrew Menary, Axel Rudakubana, Mark Hall, “, —, Taylor Swift, Alice Dasilva Aguiar, Elsie Dot Stancombe, Bebe King, Starmer, Yvette Cooper Organizations: Police, Merseyside Police, ”, Humberside Police, Somerset Police, Trent, Blackpool, Palestinian, Labour, Northumbria Police, ” Police Locations: Liverpool, Southport, England, Hull, Bristol, Avon, Stoke, Belfast, Manchester, Nottingham, London, Gaza, Sunderland, Wales, Rwandan, Northumbria, “, Southport —

☆ Protests turn violent in Sunderland as U.K. unrest spreads after Southport killings
▼ + stars: | 2024-08-03 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

Protesters attacked police and started fires in the northeast English city of Sunderland on Friday as violence spread to another northern city following Monday’s killing of three children in Southport. Violent incidents have erupted across England following the murder of three girls at Taylor Swift-themed dance workshop. Earlier on Friday, Prime Minister Keir Starmer made a second visit to Southport since the murders. British police chiefs have agreed to deploy officers in large numbers over the weekend to deter violence. Drik / Getty ImagesMosques across the country are also on a heightened state of alert, the Muslim Council of Britain said.

Persons: Helena Barron, Taylor Swift, Barron, Axel Rudakubana, Keir Starmer, ”, ” Gavin Stephens, Zara Mohammed, we’re, ” Mohammed, — Organizations: Protesters, Sunderland, BBC, Northumbria Police, Firefighters, Three, Southport, National Police Chiefs ’, BBC Radio, ” Police, Muslim Council of, Police, Islamic Locations: Southport ., Northumbria, Sunderland, England, Liverpool, Southport, Hartlepool, London, Britain, Muslim Council of Britain, Southport —, Northern Ireland, Belfast

☆ Video: Protests fueled by far right across UK in wake of stabbing attack in northwest England
▼ + stars: | 2024-08-03 | by ( John Branch | ) edition.cnn.com time to read: 1 min

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☆ Who Are the Far-Right Groups Behind the U.K. Riots?
▼ + stars: | 2024-08-03 | by ( Esther Bintliff | Eve Sampson | ) www.nytimes.com time to read: 1 min

Violent unrest has erupted in several towns and cities in Britain in recent days, and further disorder broke out on Saturday as far-right agitators gathered in demonstrations around the country. The violence has been driven by online disinformation and extremist right-wing groups intent on creating disorder after a deadly knife attack on a children’s event in northwestern England, experts said. A range of far-right factions and individuals, including neo-Nazis, violent soccer fans and anti-Muslim campaigners, have promoted and taken part in the unrest, which has also been stoked by online influencers. Prime Minister Keir Starmer has vowed to deploy additional police officers to crack down on the disorder. “It is a group of individuals who are absolutely bent on violence.”

Persons: Keir Starmer, ” Locations: Britain, England

☆ L'Oréal is fighting a small-time salon owner, trying to force her to rename her product range
▼ + stars: | 2024-08-02 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +1 min

L'Oréal asked the owner of UK salon to drop an attempt to trademark her "NKD" product line. L'Oréal argued its product, branded "Naked," should take precedence in case "NKD" confused people. Salon owner Rebecca Dowdeswell is pushing back, saying she spent some $38,000 on the lopsided legal fight. AdvertisementL'Oréal is taking on the owner of a small British hair salon over a product line it says is too much like its own. The company objects to a product line from the NKD salon in Leicester, England, run by Rebecca Dowdeswell.

Persons: L'Oréal, Rebecca Dowdeswell, —, Dowdeswell Organizations: Service, Business Locations: British, Leicester, England

☆ 'Baby Reindeer' Lawsuit: Why Netflix's 'True Story' Dramas Are Getting Them Sued
▼ + stars: | 2024-08-02 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +12 min

To many, "Baby Reindeer" is known as the Netflix series that swept the internet in the spring of 2024 with its harrowing, seemingly true tale based on creator Richard Gadd's experience of being stalked. Richard Gadd as Donny Dunn and Jessica Gunning as Martha Scott in "Baby Reindeer." The drama over "Baby Reindeer," which has been both a boon and a threat to the streamer, reflects a larger reckoning for prestige TV's favorite pastime: adapting true stories. Atsushi Nishijima/Netflix Show less "Baby Reindeer." Harvey's lawyer Roth doesn't think Netflix particularly cared about the risk of legal action when it greenlit "Baby Reindeer."

Persons: Richard Gadd's, Fiona Harvey, Gadd, Donny, he'd, Martha Scott, Martha, Richard Gadd, Donny Dunn, Jessica Gunning, Ed Miller, Piers Morgan, Harvey, Rachel DeLoache Williams, Anna Delvey, Anna Sorokin, Anna, Linda Fairstein, Ava DuVernay, Fairstein, Felicity Huffman, Katie Lowes, Rachel, Julia Garner, Laverne Cox, Duke, Alexis Floyd, Neff, Aaron Epstein, Buster Murdaugh, Alex Murdaugh, Kelly's, Kelly, Richard Roth, Joan of Arc, Victoria Price, Judge Horton, Ruby Bates, Bates, Michael, Bette, Joan ", Olivia de Havilland, we're, they're, Macbeth, Atsushi Nishijima, Griselda Blanco's, Griselda, Harvey's, Roth, There's, Jeff Lewis, there's, Lewis, Netflix hasn't, Jackie Ward, Ward Organizations: Netflix, Business, Former New York, Neff Dav, Lifetime, Hollywood, NBC, Scottsboro, Disney Locations: Scottish, England, California, Former New York City, Tennessee, New York, Los Angeles

☆ UK lenders slash mortgages as Bank of England rate cut brings relief to homeowners
▼ + stars: | 2024-08-02 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Homeowners on tracker mortgages, which follow the Bank's base rate, will be the first to benefit from the savings. Barclays , Santander, Metro Bank, Lloyds , Halifax, Nationwide and HSBC all cut repayments costs by 25 basis points shortly after the BOE's announcement. Those on standard variable rates, which typically take effect once a borrower's tracker or fixed rate deal ends, will also see savings. Given their more volatile nature, tracker and SVR mortgages remain a relatively niche part of the U.K. mortgage market. However, analysts suggest it may not be long until reductions feed through to the 6.93 million households on fixed rate mortgages.

Organizations: Bank of England, HSBC, Santander, Nationwide, Homeowners, Barclays, Metro Bank, Lloyds, Finance Locations: London's Muswell Hill, London, Halifax, Santander

☆ How Does Your State Make Electricity?
▼ + stars: | 2024-08-02 | by ( Nadja Popovich | ) www.nytimes.com time to read: +58 min

Wind turbines provided just 1 percent of the electricity produced in the state in 2001 and nearly 60 percent last year. How Kentucky made electricity from 2001 to 2023 Percentage of power produced from each energy sourceCoal still generates the majority of the electricity produced in Kentucky, a longtime coal mining state. Since then, virtually all of the electricity produced in the state has come from renewable sources, including hydropower, biomass, wind and solar. It has supplied more than 85 percent of the electricity produced in the state every year for more than two decades. Last year, wind supplied more than a fifth of the electricity produced in the state.

Videos circulating on social media from the Sunderland protest show a local police station on fire and large crowds gathered carrying anti-immigrant signs. Ian Forsyth/Getty Images“The shocking scenes we have witnessed in Sunderland this evening are completely unacceptable,” Chief Superintendent Barron said. Earlier this week, police said they believed the crowd in Southport took to the streets over unconfirmed reports speculating on the identity of the teenage stabbings suspect. Police have said the suspect was born in Wales and lived in a village nearby, according to Reuters. “The police have the full backing of Government to take the strongest possible action & ensure they face the full force of the law.

Persons: Helena Barron, Ian Forsyth, Barron, “, Axel Rudakubana, Lewis Atkinson, ”, ” Atkinson, thuggery, Yvette Cooper Organizations: CNN, Northumbria Police, Sunderland, Riot, Getty, Liverpool Magistrates ’, PA Media, Police, Reuters, Labour, Sunderland Central, Government Locations: Britain’s, Sunderland, Northumbria, Southport, Englad, Wales, England, ”, Britain

☆ Atlantic Ocean currents could collapse as early as the 2030s, new research suggests
▼ + stars: | 2024-08-02 | by ( Angela Dewan | Angela Fritz | ) edition.cnn.com time to read: +4 min

CNN —A vital system of Atlantic Ocean currents that influences weather across the world could collapse as soon as the late 2030s, scientists have suggested in a new study — a planetary-scale disaster that would transform weather and climate. This research suggests it’s more likely than not to collapse by 2050. The impacts of an AMOC collapse would leave parts of the world unrecognizable. The emphasis in ocean research on the timing of the collapse is a relatively new development, said Rahmstorf. This research gap means the predictions could underestimate how soon or fast a collapse would happen, Rahmstof said.

Persons: ”, René van Westen, Stefan Rahmstorf, ” Rahmstorf, “ There’s, ” Rahmstof, “, You’re, Rahmstof Organizations: CNN, University of Utrecht, Southern, Northern, Potsdam University, “ Locations: Netherlands, England, Germany, Utrecht

☆ Safe-haven yen, Swiss franc soar as U.S. slowdown fears flare
▼ + stars: | 2024-08-02 | by ( ) www.cnbc.com time to read: +2 min

Swiss Franc banknotes sit in the office of a bank in this arranged photograph in Zurich, Switzerland, on Friday, Nov. 20, 2015. The safe-haven Japanese yen and Swiss franc traded near multi-month highs against the dollar on Friday after an unexpected slump in U.S. manufacturing fuelled fears of a downturn, sending stocks and bond yields tumbling. The yen traded around 0.2% stronger at 149.085 per dollar, after popping as high as 148.51 overnight for the first time since mid-March. They were the only two major currencies to outperform the dollar overnight, which itself draws safe-haven flows, paradoxically even when the United States is the cause for concern. ECB policymaker Yannis Stournaras raised the risk of a weak euro zone economy sending inflation below the 2% target in an interview published on Thursday, reaffirming his expectation for two rate cuts this year.

Persons: Sterling, Tony Sycamore, Sycamore, BoE Governor Andrew Bailey, ECB policymaker Yannis Stournaras Organizations: Swiss, Bank of England, European Central Bank, Japan's Nikkei, IG, Federal Reserve, ECB policymaker Locations: Zurich, Switzerland, United States, Asia, U.S

☆ European stocks to extend declines after Bank of England rate cut as global sentiment sours
▼ + stars: | 2024-08-02 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Boris Roessler | Picture Alliance | Getty ImagesLONDON — European stocks were set to open lower Friday, extending losses amid a global downturn as a busy week of market action draws to a close. Germany's DAX was on course to open 104 points lower at 17,984, according to IG data, with France's CAC 40 down 40 points at 7,325. The regional Stoxx 600 index on Thursday suffered its worst session since mid-June, pulled down by financials as French bank Societe Generale downgraded its outlook and the Bank of England cut interest rates for the first time since 2020. The central bank decision took its key interest rate to 5% from 5.25%, in a move that markets had not been fully convinced it would carry out. Asia-Pacific markets saw steep losses Friday, with Japan's benchmark indexes tanking as much as 5%.

Persons: Boris Roessler, Germany's DAX, BOE Governor Andrew Bailey, BOE, Joe Tuckey Organizations: Getty, France's CAC, Societe Generale, Bank of England, CNBC, Argentex, U.S . Federal Reserve, Bank of, Apple, Intel, U.S . Bureau of Labor Statistics Locations: Frankfurt, Bank of Japan, Europe, Asia, Pacific

☆ The U.K. Riots Were Fomented Online. Will Social Media Companies Act?
▼ + stars: | 2024-08-02 | by ( Adam Satariano | ) www.nytimes.com time to read: 1 min

Standing in front of a lectern on Thursday, his voice at times taut with anger, Britain’s prime minister announced a crackdown on what he called the “gangs of thugs” who instigated violent unrest in several towns this week. But the question of how to confront one of the key accelerants — a flood of online misinformation about a deadly stabbing attack — remained largely unanswered. Prime Minister Keir Starmer called out online companies directly, after false information about the identity of the 17-year-old suspected in the attack spread rapidly on their platforms, no matter how many times police and government officials pushed back against the claims. Three girls died after the attacker rampaged through a dance class in Southport, northwest England, on Monday. Of the eight children injured, five remain in the hospital, along with their teacher, who had tried to protect them.

Persons: ”, —, Keir Starmer Locations: Southport, England

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