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Images of September
  + stars: | 2022-10-03 | by ( Reuters Editorial | ) www.reuters.com   time to read: 1 min
Moving PicturesImages of SeptemberPostedThe death of Queen Elizabeth, Russia's continued invasion of Ukraine, hurricanes, floods and earthquakes around the world and more top photos from September 2022. Produced by David Lucas
LONDON—The British government Friday unveiled the country’s biggest tax cuts since the early 1970s, a bold move aimed at kick-starting growth at a time of global economic turmoil but one which spooked investors and sparked the biggest one-day selloff of the pound since the pandemic roiled markets in March 2020. The package of tax cuts, paired with subsidies for households and businesses to cope with a surge in energy prices, was aimed at boosting the flagging U.K. economy amid stubbornly high global inflation and growing economic gloom in Europe. Instead, it may have only added to global worries by causing a market backlash.
LONDON—Four decades after Ronald Reagan , new U.K. Prime Minister Liz Truss is betting that a dose of tax cuts, new spending and deregulation will do for the British economy what a similar recipe did in the early 1980s for the U.S.: lead to an economic revival. On Friday, Ms. Truss’ government is expected to announce a series of tax cuts, including cutting taxes for new home purchases as well as reversing planned hikes in the corporate tax and cutting a recent increase in payroll taxes. It will also abolish limits on bonuses for bankers and allow fracking for shale gas across the U.K.
Petrodollar rush may disappoint Western financiers
  + stars: | 2022-09-20 | by ( Liam Proud | ) www.reuters.com   time to read: +6 min
Yet Western financiers hoping to share in the spoils of a 1970s-style petrodollar boom will be disappointed. In previous petrodollar booms, energy producers have recycled their windfalls into the Western financial system. These financial flows, known as petrodollar recycling, mean that the money Westerners spend on fuel eventually makes its way back into their economies through energy producers’ financial investments. Either way, it would mean that Westerners miss out on some of the spoils of the new petrodollar boom. A more muted petrodollar boom might not be such a bad thing after all.
LONDON—Britain bid a final farewell Monday to Queen Elizabeth II, the country’s longest-serving monarch, during a historic funeral and solemn military procession that drew hundreds of thousands of people to London and Windsor Castle and was watched by millions around the globe. The state funeral, which paid tribute to her deep Christian faith and life of service, closed the chapter on the second Elizabethan age, a reign that lasted 70 years and saw an era of radical change for Britain as its empire was dismantled. The queen, however, remained a hugely popular head of state who gave people both in Britain and abroad a valued sense of continuity and proved a powerful symbol of the country’s identity.
Sursa foto: Getty ImagesLuptă internă la PSG. Pochettino şi Leonardo îl vor pe Ramos, Al Khelaifi are o variantă neaşteptatăPSG nu-l mai vrea pe Sergio Ramos (35 de ani), fundaşul care şi-a anunţat despărţirea de Real Madrid. Există o luptă internă la Paris. Potrivit Mundo Deportivo, Nasser Al Khelaifi, preşedintele lui PSG, nu-l mai vrea pe Ramos, deşi s-a zvonit mult despre interesul trupei de pe Parc des Princes pentru fundaşul spaniol. Sursa citată susţine că Al Khelaifi s-a reorientat şi îl vrea pe David Luiz (34 de ani), apărătorul brazilian care a mai juca la PSG între 2014 şi 2016.
Persons: Leonardo, Ramos, Al, Sergio Ramos, Nasser Al, deşi, David Luiz, Mauricio Pochettino Organizations: Real Madrid Locations: Al Khelaifi, Paris, Nasser Al Khelaifi, Princes
La un antrenament ţinut de Arsenal vineri, pentru cei care nu au fost convocaţi la naţională, totul s-a terminat cu o reacţie violentă a lui David Luiz asupra colegului său, Dani Ceballos. Într-o confruntare amicală, în care Ceballos a intrat puţin mai dur la David Luiz, fundaşul brazilian s-a enervat şi l-a lovit în faţă pe spaniol şi i-a spart nasul. Dani a căzut la pământ cu nasul sângerând, dar s-a ridicat imediat în picioare pentru a-l confrunta pe Luiz. Colegii şi oamenii din staff au reuşit să-i despartă pe cei doi înainte ca lucrurile să se agraveze. Cei doi au fost trimişi acasă imediat, dar nu înainte să se împace şi să le ceară colegilor iertare.
Persons: David Luiz, Dani Ceballos, Dani, Luiz Organizations: Arsenal vineri
Joe Lewis surrendered in Manhattan last week and was charged with securities fraud and conspiracy. Photo: Victor J. Blue/Bloomberg NewsThe globe-trotting billionaire Joe Lewis , longtime owner of the London soccer club Tottenham Hotspur, spent the evening of July 25, 2019, with a woman who was then his girlfriend, dining on room service at the Four Seasons hotel in Seoul. U.S. prosecutors say he also fed her confidential information about coming disclosures by a life-sciences company that she used to make stock trades that ultimately netted her hundreds of thousands of dollars.
Persons: Joe Lewis, Victor J Organizations: Bloomberg, London soccer, Tottenham Hotspur Locations: Manhattan, Seoul . U.S
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