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NatWest lifer Rose climbed up the ranks over more than three decades from graduate trainee to boardroom, becoming the first woman to run one of Britain's major banks. "You can be a hero one day, a zero the next, as Alison Rose has found out." Davies lamented the "sad moment" while Rose paid tribute to colleagues who had helped her build solid foundations for the bank, in a statement accompanying the news. RBS TO NATWESTRose succeeded Ross McEwan as CEO of NatWest in 2019, becoming the lender's first female boss. But under Rose's supervision, the bank became one of Britain's biggest participants in government-designed loan schemes to keep ailing businesses afloat.

Persons: Alison Rose, Nigel Farage, NatWest lifer Rose, Coutts, Rishi Sunak, Rupert Younger, Rose, Howard Davies, Rose's, Davies, Charlie Nunn, Farage, impinging, NATWEST Rose, Ross McEwan, McEwan, Stephen Hester, Fred Goodwin, Lawrence White, Conor Humphries Organizations: NatWest's, Brexit Party, NatWest, Oxford University's, Lloyds Banking Group, Britain's, RBS, NATWEST, Royal Bank of Scotland, Thomson Locations: Europe, Westminster, Britain

☆ 8 jobs that pay more than you think, including the Trader Joe's role that pays over $100,000 a year
▼ + stars: | 2023-07-26 | by ( Jenny Powers | ) www.businessinsider.com time to read: +8 min

The average salary in the US is $60,575, but you can make $125,000 managing a car wash at Buc-ee's. As of 2022, about 14,200 individuals were employed in this field and the mean annual salary was $70,290 , or an average of $33.79 an hour. According to recent information from Salary.com , bingo managers can earn between $51,965 and $112,599 a year, with a mean salary of $70,241. In 2022, the US Bureau of Labor Statistics listed the mean annual salary for truck drivers as $53,090, or $25.52 an hour. The mean annual salary is $81,530 , or $39.20 an hour, and 38,380 individuals were employed in this role in 2022, according to data from the US Bureau of Labor Statistics.

Persons: Joe's Topping, Joe's, there's Organizations: Service, Social Security Administration, US Bureau of Labor Statistics, Bureau of Labor Statistics, Walmart, Technologists Locations: Wall, Silicon, United States

☆ Bank of England forecasts 150 billion pound loss from QE gilt programme
▼ + stars: | 2023-07-25 | by ( David Milliken | ) www.reuters.com time to read: +3 min

LONDON, July 25 (Reuters) - The Bank of England forecast on Tuesday that it would make a net loss of just over 150 billion pounds ($193 billion) over the next 10 years as it unwinds its quantitative easing (QE) gilt purchases, up from 100 billion pounds projected in April. In the short term, the BoE expects the government to pay around 40 billion pounds a year in 2023, 2024 and 2025, roughly 10 billion pounds a year more than its last estimate in April. Markets currently expect BoE rates to peak at 5.75% later this year, up from around 5% at the time of April's report. The BoE projections assume holdings continue to fall at their current target rate of 80 billion pounds a year. That is still more than 50 billion pounds greater than forecast in April.

Persons: Rishi, BoE, BoE Governor Andrew Bailey, David Milliken, Paul Sandle, Kylie MacLellan, Andy Bruce Organizations: Bank of England, Conservative Party, Thomson

☆ They took blockbuster drugs for weight loss and diabetes. Now their stomachs are paralyzed
▼ + stars: | 2023-07-25 | by ( Brenda Goodman | ) edition.cnn.com time to read: +19 min

Emily Wright, 38, a teacher in Toronto, started taking Ozempic in 2018. The diabetes drug Ozempic, and its sister drug for weight loss, Wegovy, utilize the same medication, semaglutide. Gastroparesis can have many causes, including diabetes, which is a reason many people are on these drugs in the first place. In more than half of cases of gastroparesis, doctors are unable to find a cause. Until more is known, George said, people need to be open with all their doctors about taking any drugs.

Persons: Joanie Knight, “, I’d, ”, Knight, ” Brenda Allen, I’m, ” Allen, Emily Wright, she’s, Wright, “ I’ve, ” Wright, Ozempic, Emily Wright Allen doesn’t, they’ve, Gastroparesis, Michael Camilleri, Camilleri, liraglutide, ” Camilleri, ’ Joanie Knight, it’s, —, I’ve, let’s, ’ ” Wright, gastroparesis, ” Knight, we’re, there’s, gastroparesis weren’t, “ Gastroparesis, Linda Nguyen, Nguyen, Renuka George, George, ” George, Dr, Michael Champeau, ” Champeau, Sanjay Gupta Organizations: CNN, US Food and Drug Administration, American Society of Anesthesiologists, Novo Nordisk, Mayo Clinic, National Institutes of Health, Diabetes, ”, FDA, Stanford University, American Gastroenterological Association, Medical University of South, CNN Health, Stanford Locations: Angie , Louisiana, Dallas, Toronto, Medical University of South Carolina, Louisiana

NatWest has faced intense political and media scrutiny over a decision by its private bank Coutts to close Farage's accounts. In a post on the X social media platform on Wednesday, Farage called for further heads to roll in the wake of Rose's resignation. On Tuesday, Farage said on his eponymous TV show that Rose was "unfit" to run a bank. She realised that her comments had left Jack with the impression that the decision to close Farage's accounts was solely a commercial one, Rose said in the statement. Rose also said she was not part of the decision-making process to "exit" Farage's accounts and said this was a decision made by Coutts.

Persons: Alison Rose, Nigel Farage's, Paul Thwaite, Coutts, Farage, Rose, Simon Jack, Howard Davies, Davies, Peter Flavel, Jack, NatWest's, Sheldon Mills, Andrew Griffith, Iain Withers, Sinead Cruise, Urvi, Juby Babu, Simon Jessop, Mark Potter, Edwina Gibbs, Louise Heavens Organizations: NatWest, BBC, BBC Business, UK Treasury, Reuters, Government Investments, Authority, Thomson Locations: Bengaluru

☆ Persuasion, Patience and Many Permits Brought Buddhist Relics to the Met
▼ + stars: | 2023-07-25 | by ( Rachel Sherman | ) www.nytimes.com time to read: +1 min

with many tons of sculpture,” Guy said. Within India alone, the negotiations included the central government, the Ministry of Culture, the Archaeological Survey of India, the National Museum and six state governments. Over the course of the discussions, the input of three U.S. ambassadors to India and two Indian ambassadors to the U.S. was called upon. In 1996, just weeks before the Met’s “Splendors of Imperial China” show, protesters demonstrated outside the National Palace Museum in Taipei, Taiwan, demanding the museum withhold artworks meant to go to New York. Much of the displays feature panels from stupas, the religious monumental domes, which have housed the Buddha’s remains after cremation, along with other spiritual materials.

Persons: ”, John Guy, ” Guy Organizations: Met, Ministry of Culture, Survey, National Museum, Museum Locations: J.F.K, India, Italy, United States, England, Germany, Imperial China, Taipei, Taiwan, New York

☆ Saudi Mbappé bid even less rational than it looks
▼ + stars: | 2023-07-25 | by ( Liam Proud | ) www.reuters.com time to read: +4 min

Yet a possible outlay of 1 billion euros, including compensation, takes the country’s sporting tactics to surreal new heights. Added to the transfer fee, that takes the outlay to around 1 billion euros. Spain’s LaLiga generated about 900 million euros in international broadcast revenue in the 2020-2021 season, according to Deloitte. CBS Sports reported that Al Hilal was also offering Mbappé a total one-year compensation package worth 700 million euros. The Guardian reported that Mbappé’s one-year salary would be 200 million euros, rising to 700 million euros after including other commercial arrangements and proceeds from image rights.

Persons: Al Hilal’s, Kylian, Germain, Declan Rice, Mbappé, Mbappé aren’t, Al Hilal, George Hay, Streisand Neto Organizations: Reuters, Paris Saint, Arsenal, Saudi Pro League, Guardian, Deloitte, English Premier League, Saudi, Newcastle United, Premier League, Economics, Regional, Qatar, Britons, Al, Financial Times, Bloomberg, CBS Sports, Thomson Locations: Kingdom of Saudi Arabia, Qatar, Paris, China, Saudi, France’s, Saudi Arabian, French

☆ Apple faces $1 bln UK lawsuit by apps developers over app store fees
▼ + stars: | 2023-07-24 | by ( Foo Yun Chee | ) www.reuters.com time to read: +1 min

BRUSSELS, July 25 (Reuters) - Apple (AAPL.O) on Tuesday found itself the target of a 785-million-pound ($1 billion) class action lawsuit brought by more than 1,500 apps developers in the UK over its App Store fees. Apple's services business, which includes the App Store, has seen revenues grow at a rapid pace in the last few years and now hovers around $20 billion per quarter. Apple has previously said that 85% of developers on the App Store do not pay any commission and that it helps European developers to access markets and customers in 175 countries around the world through the App Store. "Apple's charges to app developers are excessive, and only possible due to its monopoly on the distribution of apps onto iPhones and iPads," Ennis said in a statement. They harm app developers and also app buyers."

Persons: Sean Ennis, Ennis, Foo Yun Chee, Aurora Ellis Organizations: Apple, Competition, Centre for, University of East, OECD, Geradin Partners, Thomson Locations: BRUSSELS, University of East Anglia

☆ UBS agrees to pay $388 million over Credit Suisse's Archegos failings
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +1 min

ZURICH, July 24 (Reuters) - UBS (UBSG.S) has been ordered to pay $388 million to British and U.S. regulators over Credit Suisse's dealings with private investment firm Archegos Capital Management, the Swiss bank said on Monday. The settlement is the first of several that UBS could have to pay after it last month closed its takeover of Credit Suisse, which was involved in a number of legal battles. Under the agreement, UBS is to pay the U.S. Federal Reserve $268.5 million and the UK's Prudential Regulation Authority 87 million pounds ($111.6 million). Reports ahead of time had suggested the U.S. regulator would impose a penalty of up to $300 million and the UK regulator would fine UBS up to 100 million pounds over the bank's dealings with Archegos. ($1 = 0.7797 pounds)Reporting by Noele Illien and John Revill; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Noele Illien, John Revill, Jan Harvey Organizations: UBS, Archegos Capital Management, Credit Suisse, U.S . Federal, Prudential, Archegos, Thomson Locations: ZURICH, U.S, Swiss

☆ More than 2,000 dead penguins washed up on Uruguay's coast. A bird expert says they can't pinpoint a cause.
▼ + stars: | 2023-07-24 | by ( Sebastian Cahill | ) www.businessinsider.com time to read: +3 min

Over 2,000 dead penguins have washed up on the shores of Uruguay. The birds have tested negative for the avian flu, leaving experts guessing at causes of death. According to the Times, Magellanic penguins can be found across the Pacific and the Atlantic, with concentrations in the Falkland Islands, Chile, and Argentina. The Times added that they move north in colder temperatures to find warmer water and food. Tesore added that he found other dead animals on the beach, like seagulls and sea turtles.

Persons: Carmen Leizagoyen, Leizagoyen, Richard Tesore, Tesore Organizations: Service, Science Times, Times, of Fauna, Environment Ministry, NDTV, Uruguay's Ministry, Environment Locations: Uruguay, Wall, Silicon, Pacific, Falkland Islands, Chile, Argentina, Brazil, Uruguay's

☆ Britain's first million pound player Francis dies of heart attack
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +2 min

July 24 (Reuters) - Former England forward Trevor Francis, Britain's first one million pound ($1.28 million) player, has died at the age of 69 after suffering a heart attack, his family said on Monday. "Trevor Francis has died at the age of 69. Francis won the European Cup in 1979 and 1980 and the European Super Cup in 1979 with Forest under Brian Clough. "Nottingham Forest is deeply saddened to learn the passing of two-time European Cup winner, Trevor Francis," the Premier League club said. "Manchester City are deeply saddened at the passing of our former player Trevor Francis," City tweeted.

Persons: Trevor Francis, Britain's, Francis, We're, Trevor Francis ., Brian Clough, Trevor, Pearl Josephine Nazare, Ken Ferris Organizations: Birmingham City, Nottingham Forest, Manchester City, Sheffield Wednesday, Malmo, England, Football Association, European, Forest, Coppa Italia, Sampdoria, Premier League, Queens Park Rangers, Crystal, Thomson Locations: England, Nottingham, Manchester, Birmingham, Forest, Spain, commiserations, Andrew's, Bengaluru

☆ The 12-3-30 workout is trending on TikTok: Here's how the exercise works, from fitness experts
▼ + stars: | 2023-07-24 | by ( Renée Onque | ) www.cnbc.com time to read: +1 min

But a popular new workout trend may be a great place to start your fitness journey. The 12-3-30 workout is both beginner-friendly and helpful for meeting fitness goals. On TikTok, the "12330" hashtag has over 400 million views, featuring videos of users walking uphill on treadmills. "Because it's a fitness trend, it spurs people to be consistent with their workout, [and] consistency is always the key with a workout." Lauren Giraldo, who coined the term "12-3-30 workout" in 2019, says she lost and has kept nearly 30 pounds off using the exercise in the span of two years, according to a TikTok video she posted in 2020.

Persons: hashtag, Jesse Cooper, Lauren Giraldo Locations: treadmills, Maryland

☆ 'Barbie' and 'Oppenheimer' set UK-Ireland box office double debut record
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Maja Smiejkowska/File PhotoLONDON, July 24 (Reuters) - "Barbie" grossed an estimated 18.5 million pounds ($23.7 million) and "Oppenheimer" 10.9 million pounds at the UK-Ireland box office at the weekend, Screen International said on Monday - the first time two films opened to over 10 million pounds each. Greta Gerwig, who helmed "Barbie", beat the record for the biggest opening for a film directed by a woman. "Oppenheimer", starring Irish actor Cillian Murphy as the American scientist who developed the atomic bomb, also secured director Christopher Nolan's second-biggest UK opening weekend. Cinema operator Vue International said it had enjoyed its biggest weekend since "Avengers: Endgame" opened in 2019, with "Barbie" on track to become the biggest film of 2023. "Barbie", which stars Margot Robbie, also ruled in U.S. and Canadian theatres, taking an estimated $155 million to set the record for the biggest domestic opening of 2023.

Persons: Greta Gerwig, Margot Robbie, Maja Smiejkowska, Oppenheimer, Barbie, Cillian Murphy, Christopher Nolan's, Farouq Suleiman, Paul Sandle Organizations: REUTERS, Vue, Thomson Locations: London, Britain, Ireland, U.S

☆ Cheese full of cocaine seized by customs and border officials at Texas border
▼ + stars: | 2023-07-23 | by ( Lauren Mascarenhas | ) edition.cnn.com time to read: +2 min

An X-ray scan of the cheese revealed “anomalies,” which upon further inspection turned out to be 17.8 pounds of cocaine concealed inside the wheels, Customs and Border Protection said in a statement. Officials seized the drugs and the truck. “The thorough and extensive inspections performed by CBP officers stopped this unusual drug load from reaching its intended destination.”U.S. Customs and Border Protection officers seized wheels of cheese filled with cocaine at the Texas border. Customs officers in El Paso seized 146 pounds of cocaine hidden in an ice cream maker last month. Combined by weight, seizures of cocaine, methamphetamine, heroin, fentanyl, and marijuana increased 7% from May to June, according to Customs and Border Protection.

Persons: ” Daniel Mercado, John F Organizations: CNN, Presidio Port, Protection, Customs, CBP, U.S . Customs, Border Protection, New York, Kennedy International Locations: Mexico, Presidio, Texas, U.S, El Paso, New

☆ I quit my real estate job in Indiana and moved to Florida to hunt pythons. Here's what my typical day looks like now.
▼ + stars: | 2023-07-23 | by ( Crystal Raypole | ) www.businessinsider.com time to read: +6 min

Amy Siewe participated in the 2019 Florida Python Challenge and it inspired her to change her life. After my first python hunt in Florida in 2019, I knew I'd found my calling. Why I hunt pythonsMy fascination with snakes started when I was very young. People don't always understand why I hunt pythons when I love snakes. I'm all signed up and ready for the annual Florida Python Challenge, too.

Persons: Amy Siewe, I'd, I'm, Hurricane Andrew, they'll, It's, who've, I've, there's Organizations: Service, Hurricane, . People, American Veterinary Association Locations: Florida, Indiana, Wall, Silicon, Naples , Florida, Southeast Asia

☆ AutoStore and Ocado reach deal to settle patent litigation claims
▼ + stars: | 2023-07-22 | by ( ) www.reuters.com time to read: +1 min

July 22 (Reuters) - Norwegian robotics firm AutoStore will pay 200 million pounds ($257.1 million) to British online supermarket group Ocado as part of a deal between the warehouse tech pioneers to settle all outstanding patent litigation claims, they said on Saturday. Under the deal announced in a statement on Saturday, all the patent litigation claims will be withdrawn globally and both firms can continue to use and market all their own existing products without challenge. AutoStore will pay the 200 million pounds to Ocado in instalments over a two-year period, according to the statement. The agreement does not allow for collaboration, technology support between the companies, or access to actual products, the statement said. ($1 = 0.7779 pounds)Reporting by Anirudh Saligrama in Bengaluru Editing by Jason Neely and Helen PopperOur Standards: The Thomson Reuters Trust Principles.

Persons: AutoStore, Anirudh, Jason Neely, Helen Popper Our Organizations: Thomson Locations: Norwegian, Bengaluru

☆ 2 huge employers just said they're dumping Wegovy from their health plans. It's a sign of a crackdown on popular weight-loss drugs.
▼ + stars: | 2023-07-22 | by ( ) www.businessinsider.com time to read: +9 min

Ascension and the University of Texas System are set to stop paying for workers' weight-loss drugs. Jenny started taking the popular weight-loss injection Wegovy in February and saw results almost immediately. picture alliance/Getty ImagesThe crackdown on insurance coverage for weight-loss drugs may be just beginning. Renee Rayburg, a consultant at Pharmaceutical Strategies Group who helps companies manage their spending on prescription drugs, said she hadn't seen many employers retreat completely from covering weight-loss drugs, as Ascension is doing. Any weight-loss drugs that hit the market in the future would also be excluded.

Persons: Jenny, Wegovy, Ascension, Renee Rayburg, hadn't, Saxenda, Angela Fitch, Fitch, Eli Lilly's Mounjaro, Getty, Marianne Ayala, Tracy Spencer, Spencer, Drugmakers, haven't, she's, that's Organizations: University of Texas, Companies, Pharmaceutical, Group, PSG, Wegovy, UT, Obesity Medicine Association . Obesity Medicine, Obesity Medicine Association, Food, Novo Nordisk's Wegovy, Novo Nordisk

☆ UK borrows less than thought but Hunt pledges budget discipline
▼ + stars: | 2023-07-21 | by ( William Schomberg | ) www.reuters.com time to read: +4 min

Although borrowing remains high after the shocks of the coronavirus pandemic and last year's energy price surge, the budget deficit in June stood at 18.5 billion pounds ($23.8 billion), down by 0.4 billion pounds from June 2022. A Reuters poll of economists had pointed to higher borrowing of 22 billion pounds last month. "Now more than ever we need to maintain discipline with the public finances," Hunt said after Friday's borrowing figures. As this week's fall in inflation showed, we will start to see results if we stick to our plan to halve inflation, grow the economy and get debt falling." However, a measure of consumer confidence fell in July for the first time since January as households felt the hit from higher inflation, borrowing costs and taxes.

Persons: Hunt, Jeremy Hunt, Rishi Sunak, Samuel Tombs, Tombs, Martin Beck, Beck, David Milliken, Angus MacSwan Organizations: LONDON, Conservative Party, National Statistics, Conservatives, Pantheon, Treasury, Thomson Locations: Britain

☆ How a Record-Setting Giant Fish Could Help Save Its Home River
▼ + stars: | 2023-07-21 | by ( Rachel Nuwer | ) www.nytimes.com time to read: +1 min

Researchers may have solved a big mystery surrounding a very big fish. Around the world, freshwater fish are in trouble. The fish, a female, weighed 661 pounds, or about 300 kilograms, and set a record for the heaviest freshwater fish ever caught. The discovery was surprising because the species, known as the giant freshwater stingray, like many of the other big fish of the Mekong, is listed as endangered. “It’s a shock and also opens the door to so many questions.”Nearly a third of freshwater fish worldwide are threatened with extinction.

Persons: Moby Dick, ”, Zeb Hogan, “ Organizations: University of Nevada Locations: Reno

☆ Global retailers cash in on Barbie movie craze
▼ + stars: | 2023-07-21 | by ( Helen Reid | Thomson Reuters | London-Based Reporter Covering The European Retail Sector Through A Global Lens. Focusing On Companies Including Adidas | ) www.reuters.com time to read: +3 min

REUTERS/Arriana McLymoreJuly 21 (Reuters) - Shoppers are snapping up Barbie hoop earrings, perfume, jumpsuits, and dresses as retailers seek to cash in on Friday's Barbie film release, reigniting the craze for the plastic doll and her hot pink, sequin-adorned universe. Mattel says the Barbie movie is expected to boost global sales of Barbie dolls, which declined last year from record growth during the pandemic. A Gap Barbie hoodie for women was available only in size XXS online, while a pair of Barbie Crocs, priced at $59.99 - $10 more than normal Crocs - was sold out on the Crocs website. Luggage brand Beis had a waiting list for all three sizes of suitcases in a Barbie pink, priced at a premium to its usual colour range. Walmart pitched Barbie dolls in varying skin tones and hairstyles at $45 to collectors.

Persons: browses, Arriana, Friday's, Barbie, Jo Ashdown, Ryan Gosling, Ken, Zara Barbie, hoodie, Barbie Crocs, Barbie toothbrushes, James Zahn, that's, Helen Reid, Savyata Mishra, Siddharth Cavale, Nick Zieminski Organizations: REUTERS, Mattel, WPP, Walmart, Hyatt Hotels, Hilton, Thomson Locations: Zara's Soho, New York City, U.S, Bogota, Colombia, Kuala Lumpur, Malaysia

☆ Why Is Switzerland — of All Places — Importing So Much Cheese?
▼ + stars: | 2023-07-21 | by ( Claire Moses | More About Claire Moses | ) www.nytimes.com time to read: +1 min

The Swiss are proud of their cheese, and most of the cheese they eat are local varieties like Gruyère, Emmental and other hard cheeses from milk from happy cows that are famous all over the world. The Swiss also eat a lot of cheese: more than 50 pounds per person per year, versus about 40 pounds per person in the United States. “Cheese is part of our identity,” said Daniel Koller, a director at Swissmilk, Switzerland’s dairy association. Switzerland now exports about 40 percent of the cheese it produces, per industry estimates. But in each of the first five months of this year, Switzerland imported more cheese by weight than it sold abroad, according to customs data.

Persons: ”, Daniel Koller, Koller’s Organizations: European Union Locations: Swiss, United States, Switzerland

☆ Save the Planet, Put Down that Hamburger
▼ + stars: | 2023-07-21 | by ( Cara Buckley | More About Cara Buckley | ) www.nytimes.com time to read: +1 min

The study found that, compared to meat-heavy diets, vegan diets resulted in 75 percent less land use, 54 percent less water use, and 66 percent less biodiversity loss. A vegan diet avoids all animal products, including meat, eggs and dairy. Vegan diets had the lowest totals, accounting for 5.4 pounds of carbon dioxide a day. In terms of land and water use and effects on species’ extinction, vegetarians, fish eaters and low meat diets had similar results. The study also found that vegans and vegetarians were on average younger than fish and meat eaters.

Persons: Dr, Scarborough

☆ London judge orders confiscation of $130 mln from Nigerian ex-governor Ibori
▼ + stars: | 2023-07-21 | by ( Estelle Shirbon | ) www.reuters.com time to read: +3 min

Ibori, who is in Nigeria, said he would appeal against the confiscation order, one of the largest imposed on an individual in recent British legal history. Ibori was governor of oil-producing Delta State from 1999 to 2007 and was extradited from Dubai to Britain in 2011. Judge David Tomlinson, delivering the confiscation order at Southwark Crown Court, said Ibori should pay the sum immediately or face an eight-year jail sentence. Spokespersons for Nigerian President Bola Tinubu did not immediately respond to requests for comment on whether the Nigerian government would cooperate with the British authorities in enforcing the confiscation order. The confiscation process took over a decade after Ibori's conviction because of lengthy court delays and legal wrangling in London.

Persons: James Ibori, Ibori, David Tomlinson, Bola Tinubu, Helen Taylor, Felix Onuah, William Maclean Organizations: Delta State, Southwark Crown, Delta, Thomson Locations: Britain, Nigeria, Nigerian, London, Dubai, Southwark, Delta State, Ibori, Ibori's, Abuja

But management of central bank balance sheets could help - even if central bankers are keen to publicly disassociate the process from monetary policy goals per se. But the U.S. central bank can be more comfortable nearing peak rates with inflation much closer to target than Europe's central banks - where future trade-offs may be more tempting. G3 central bank balance sheetsFed share of Treasury marketReuters GraphicsBACKGROUND NOISE? Ramsden laced his comments with caution about not confusing the run-down of the BoE's "asset purchase facility" with its central policy task. And they reckoned an increase in the volume of QT should theoretically lead to higher term premia in euro bond markets.

Persons: Dave Ramsden, BoE, Ramsden, there's, Mike Dolan, Paul Simao Organizations: Federal Reserve, Treasury, Bank of England, European Central Bank, Deutsche Bank, Reuters, Twitter, Thomson Locations: U.S

☆ British royal family's public cash formula changed amid surging windfarm profits
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +2 min

Andrew Milligan/Pool via REUTERSLONDON, July 20 (Reuters) - The British government said on Thursday it would cut the proportion of funds going to the royal family from the Crown Estate next year, after King Charles said he wanted bumper windfarm profits to go to the "wider public good". The Sovereign Grant, which last year was worth 86.3 million pounds ($111 million), is typically based on 15% of Crown Estate profits but has been temporarily increased to 25% to pay for extensive refurbishment work at Buckingham Palace. However, new deals for offshore wind farms struck in January are expected to see Crown Estate profits surge by 900 million pound a year, and Charles had indicated he wanted this extra money to go the wider good. On Thursday, the Treasury said the Sovereign Grant next year would be cut to 12% of Crown Estates' profits, meaning it will remain at 86.3 million pounds but will be 24 million pounds less than if the rate had not changed. ($1 = 0.7747 pounds)Reporting by Sarah Young and Michael Holden; Editing by Kate HoltonOur Standards: The Thomson Reuters Trust Principles.

Persons: King Charles, Andrew Milligan, Grant, Sovereign Grant, Charles, Jeremy Hunt, Sarah Young, Michael Holden, Kate Holton Organizations: Scottish Borders, REUTERS LONDON, Treasury, Sovereign, Estates, Thomson Locations: Selkirk, Scottish, Scotland, Britain, Holyrood, Buckingham

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