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☆ London stabbing: Security guard disarms attacker after girl and woman attacked
▼ + stars: | 2024-08-12 | by ( Christian Edwards | ) edition.cnn.com time to read: +2 min

London CNN —A security guard said he tried to save an 11-year-old girl and a 34-year-old woman as they were attacked by a man wielding a knife in London’s Leicester Square, one of the busiest tourist destinations in the English capital. London’s Westminster Police said a man, believed to be the only suspect, had been arrested after the attack on Monday morning. Abdullah said he and the two others had given first aid to the girl before police took over. “I just saw a kid getting stabbed and I just tried to save her. The London Ambulance Service said it was called to the scene at around 11.36 a.m. Monday morning (6.36 a.m.

Persons: Abdullah, “, ” Abdullah, ” Organizations: London CNN, London’s Westminster Police, PA Media, London Ambulance Service, Westminster Police, National Police Chiefs ’ Council, Wales Locations: London’s Leicester, London’s, England

☆ Netball: This women’s sport has fought for over 50 years to be in the Olympics. Could Brisbane 2032 change its fortunes?
▼ + stars: | 2024-08-11 | by ( Emily Blumenthal | ) edition.cnn.com time to read: +15 min

Australia was crowned champion during the Netball World Cup Medal Presentation on August 6, 2023 in Cape Town, South Africa. “I think the leadership within netball, from World Netball, really needs to take a vigilant stance on it. For people in the netball world, she said, “That is your bread and butter: doing netball. More than 20 million people play netball in 76 member nations across five continents, according to World Netball. There are some voices in netball that don’t believe the drive to become an Olympic sport is a priority.

Persons: Serena Guthrie, Khadijah Williams, Hannah Peters, ”, “, That’s, Ashley Vlotman, Jenny van Dyk, Spar, Riana Bezuidenhout, They’ve, ” Bezuidenhout, Fiona McLachlan, ” McLachlan, ” van Dyk, Cara Koenen of, Guthrie, it’s, ” Guthrie, we’ve, Ryan Allan, Allan, Lewis Keeling, ” Dylan McPherson, Fiona Goodall, that’s, ” Allan said, Keeling, ” Keeling, Bailey Mes, Geva, Matt King, doesn’t, “ I’ve, ” Allan Organizations: CNN, Commonwealth Games, Netball, IOC, International Federation, Commonwealth, Games, team, University of Pretoria, World Netball, City, Paralympic Games, Netball Australia, Brisbane, Manor School, Wembley, Fox, Victoria University, “, England, Paris, Equality, Paris Games, Olympic, Netball Association, New Zealand Men's, Getty, Knights Netball, Allphones Arena, doesn’t Locations: Australia, Brisbane, United Kingdom, England, Jamaica, SECC, Glasgow, Bath, Los, Cape Town , South Africa, Spar Proteas, South, Cara Koenen of Australia, South Africa, New, Auckland , New Zealand, New Zealand, Sydney

☆ My husband works abroad for 2 weeks each month while I watch the kids. The arrangement has strengthened our marriage.
▼ + stars: | 2024-08-10 | by ( Jane Ridley | ) www.businessinsider.com time to read: +4 min

This story is available exclusively to Business Insider subscribers. Since then, he's worked for two weeks in Germany before coming home for the rest of the month, and he's mostly free to do what he wants during that time. "Some workers leave very early and work very late and still don't see their kids," Bobby said. He runs at 110% when he's working, and then when he's home, he's just so relaxed. Do you have an interesting story about the practicalities of your relationship to share with Business Insider?

Persons: —, Kalvinder Osahan, Bharminder —, Bobby —, Bobby, Ria, Guraj, he's, I've, We'll, we're Organizations: Service, Business Locations: England, Germany, London, Bremen

☆ UK riots: Rotherham residents despair after riot at hotel housing asylum seekers
▼ + stars: | 2024-08-06 | by ( Christian Edwards | ) edition.cnn.com time to read: +12 min

Ninzr said he had lived in the Rotherham hotel since he arrived, but was at another processing center when the riot broke out. Several passers-by referenced unfounded rumors that hotel residents have abused local women. CNN asked South Yorkshire police if they have received complaints about the behavior of the hotel residents, but have not yet received a response. With more demonstrations planned for this week, do the residents near the Rotherham hotel fear more violence? “After seeing our community come out today, no,” said the man who lived through the London riots.

Persons: “, ”, –, Keir Starmer, Starmer, ’, Conservative government’s, Ninzr, Danny Lawson, I’ve, Rachel Reeves, They’ve, they’ve, They’d, they’re, she’d, “ I’ve, Elliott Nuttall, ‘, you’re, CNN Ibrar, Javid, Henry Nicholls Organizations: Rotherham, England CNN, CNN, Reuters, AFP, Conservative, South, South Yorkshire police, Facebook, Stringer, National, Mosque, Downing, Southport, Police, Labour, PA Media Locations: England, Rotherham, British, London, Southport, Afghanistan, Herod, France, Rwanda, Birmingham, Rotherham , South Yorkshire, South Yorkshire, Sheffield

☆ 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

☆ 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

☆ 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

☆ 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 —

☆ 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

☆ 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

☆ 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

☆ We'll probably see more split votes from the Bank of England: Economist
▼ + stars: | 2024-08-02 | 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 EmailWe'll probably see more split votes from the Bank of England: EconomistDavid Owen, founder and chief economist at Saltmarsh Economics, says the Bank of England will "have to move very, very cautiously."

Persons: David Owen Organizations: Bank of England, Saltmarsh

☆ 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

☆ Bank of England Cuts Interest Rates for First Time Since 2020
▼ + stars: | 2024-08-01 | by ( Eshe Nelson | More About Eshe Nelson | ) www.nytimes.com time to read: 1 min

The Bank of England decided, by a slim margin among its policymakers, to cut interest rates on Thursday for the first time in more than four years amid slower inflation. Britain’s central bank lowered rates by a quarter of a percentage point to 5 percent, the first rate cut since March 2020, when the coronavirus pandemic shut down large parts of the economy. The rate cut brings an end to the most aggressive efforts of the central bank to stamp out high inflation, which reached double-digits less than two years ago. For the past year, interest rates were held at 5.25 percent, the highest level since 2008. But policymakers warned that interest rates would be lowered slowly, which would keep the policy stance restrictive for awhile.

Organizations: of England

☆ Dollar nurses losses after Fed hints rate cuts on the way; yen firms
▼ + stars: | 2024-08-01 | by ( ) www.cnbc.com time to read: +3 min

Markets have been fully pricing in a 25 basis points of rate cut in September for some time and added to wagers of the Fed going big even after Powell said policymakers are not thinking about a 50-basis-point interest rate cut "right now." Goldman Sachs strategists said Powell comments suggest the bar is not very high for a rate cut in September. The dollar index , which measures the U.S. currency against six peers, was little changed at 104.02, having dropped 0.38% on Wednesday. But the BOJ seem keen to get interest rates up and normalize policy. It probably leads to more yen strength, but it could weigh on the local economy and equity markets."

Persons: Jerome Powell, Powell, Goldman Sachs, Kazuo Ueda, Ben Bennett Organizations: U.S, Federal Reserve, Bank of Japan, The U.S, Fed, Traders, Reuters, Bank of England, Legal, General Investment Management Locations: The, Japan, Asia, Pacific

☆ European markets head for mixed open ahead of Bank of England decision
▼ + stars: | 2024-08-01 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

LONDON — European markets are set to open mixed on Thursday as investors process a raft of central bank action. The Bank of England announces its latest monetary policy decision at midday London time. Market pricing slightly favors a 25 basis point interest rate cut from the U.K. central bank, kicking off its path of monetary easing. Investors are still processing Wednesday's surprise move from the Bank of Japan, which raised its benchmark interest rate to around 0.25%, its highest level since 2008, and hinted at more tightening to come. The decision powered the yen to a four-and-a-half month high against the U.S. dollar, as Japanese stocks tumbled.

Persons: Germany's DAX, Jerome Powell, Powell Organizations: CAC, Bank of England, U.S, Bank of Japan, U.S . Locations: U.S . Federal, —

☆ Bank of England likely to give a 'tentative' rate cut, StanChart strategist says
▼ + stars: | 2024-08-01 | 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 EmailBank of England likely to give a 'tentative' rate cut, StanChart strategist saysSteven Englander, head of Global G10 FX research and North America macro strategy at Standard Chartered Bank, discusses central bank news this week.

Persons: Steven Englander Organizations: Email Bank of, Global, Standard Chartered Bank Locations: Email Bank of England, North America

☆ Treasury yields tumble as investors weigh interest rate outlook
▼ + stars: | 2024-08-01 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

U.S. Treasury yields slid further on Thursday as investors digested comments from Federal Reserve Chairman Jerome Powell, who suggested a September rate cut was on the table. Yields had fallen on Wednesday after Fed Chairman Powell hinted at a September rate cut after the central bank's July meeting concluded. Depending on these factors, "a reduction in our policy rate could be on the table as soon as the next meeting in September," he said. As expected, the central bank left interest rates unchanged. Several analysts are expecting the central bank to cut rates, but uncertainty remains as the BOE has not sent clear signals.

Persons: Jerome Powell, Powell, BOE Organizations: Treasury, U.S, Federal, Bank of England Locations: U.S

☆ Bank of England cuts interest rate for the first time in four years
▼ + stars: | 2024-08-01 | by ( Hanna Ziady | ) edition.cnn.com time to read: 1 min

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☆ Here's what usually happens to UK stocks when the Bank of England cuts interest rates
▼ + stars: | 2024-08-01 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

The U.K. stock market is likely to rise over the course of 12 months, if the Bank of England cuts interest rates on Thursday and history repeats itself, according to a CNBC Pro analysis. Economists say the forecasts for whether the U.K. central bank will either reduce or hold rates are a close call. A decision to lower interest rates — which sit at at 5.25% currently — would mark the first time monetary police has been eased in Britain since the hiking cycle began in December 2021. The analysis found that, on three occasions the index had risen more than 20% on average within a year after an interest rate cut. For instance, the domestically focused index of 250 stocks rose by 17% across three months after the Bank of England cut rates in 1998.

Persons: Agne Stengeryte, BoE, Nora Szentivanyi Organizations: Bank of England, CNBC, CNBC Pro, Bank of, Bank, America's, Barclays Locations: Britain, Bank of England

☆ Bank of England governor likely made 'deciding call' on rate decision, economist says
▼ + stars: | 2024-08-01 | 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 EmailBank of England governor likely made 'deciding call' on rate decision, economist saysKallum Pickering, chief economist at Peel Hunt, comments on the Bank of England's decision to cut interest rates.

Persons: Kallum Pickering, Peel Hunt Organizations: Email Bank of England, Peel, Bank of

☆ Bank of England is not changing the message on inflation, governor says
▼ + stars: | 2024-08-01 | 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 EmailBank of England is not changing the message on inflation, governor saysBOE Governor Andrew Bailey speaks to CNBC's Steve Sedgwick following the central bank's decision to cut rates.

Persons: BOE, Andrew Bailey, Steve Sedgwick Organizations: Email Bank of England

☆ Bank of England to make knife-edge call on interest rates as markets favor cut: Live updates
▼ + stars: | 2024-08-01 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Blurred buses pass the Bank of England in the City of London on 7th February 2024 in London, United Kingdom. LONDON — Several analysts expect the Bank of England to announce an interest rate cut on Thursday, but a lack of clear signaling from the central bank has shrouded the decision in uncertainty. The Bank Rate has been held at a 16-year high of 5.25% since August 2023. The decision will be announced at midday U.K. time and will be followed by a press conference. Thursday will also see the release of the quarterly Monetary Policy Report, which will contain economic growth and inflation projections.

Persons: BOE Organizations: Bank of England Locations: City of London, London, United Kingdom

☆ Bank of England rate decision 'going to be close,' Goldman Sachs says
▼ + stars: | 2024-08-01 | 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 EmailBank of England rate decision 'going to be close,' Goldman Sachs saysJari Stehn, chief European economist at Goldman Sachs, says the Bank of England's monetary policy decision is "going to be close" but suggests that a rate cut may win out.

Persons: Goldman Sachs, Jari Stehn Organizations: Email Bank of, Bank

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