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☆ Paris loses stock market crown to London as political upheaval looms
▼ + stars: | 2024-06-18 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

London CNN —London’s stock market has edged ahead of its rival in Paris as fears grow over the outcome of France’s looming parliamentary elections. The first round of the French elections is scheduled for June 30, followed by a second round on July 7. Hubert de Barochez, a senior market economist at consultancy Capital Economics, said investors might be concerned that a parliament run by the National Rally would penalize banks. In contrast with the political and financial turmoil in France, UK financial markets are “relatively stable,” said Rudolph at IG Group. Credit ratings agencies are already keeping a close eye on France, one of the EU’s three most-indebted countries.

Persons: Emmanuel Macron, Axel Rudolph, you’ve, ”, OpinionWay, Macron, Hubert de Barochez, Rudolph, Richard Hunter, Mohit Kumar Organizations: London CNN, Bloomberg, CAC, FTSE, European Union, “, CNN, National, BNP, Credit, Capital Economics, IG Group, Labour Party, Interactive Investor, National Rally, Jefferies Locations: Paris, France, United Kingdom, Europe’s, Britain

☆ UK millionaires are fleeing Britain in their thousands
▼ + stars: | 2024-06-18 | by ( Mark Thompson | ) edition.cnn.com time to read: +4 min

The continuing exodus from the UK — 16,500 millionaires left between 2017 and 2023 — is part of a global mass migration of the rich that appears to be accelerating. The Henley Private Wealth Migration report found that 128,000 millionaires are set to relocate this year, beating last year’s record by 8,000. By contrast, the ranks of the wealthy have grown in the US, Canada, Australia, Germany and France over the same period. “The outflow of high-net-worth individuals already generated by the economic and political context is now being accelerated by policy decisions ahead of the election,” said White. Still, one very rich couple will apparently be staying, whatever the result on July 4.

Persons: Henley, ” Hannah White, —, ” Dominic Volek, Liz Truss, Keir Starmer’s, Rishi Sunak’s, Starmer, Rachel Reeves, ”, White, Akshata Murty, Sunday Times Rich, King Charles, Sunak Organizations: London CNN, Labour, Henley & Partners, Institute for Government, City of, Henley Private Wealth, European Union, Bank of England, Keir Starmer’s Labour Party, Sunday Times Locations: United Kingdom, City of London, China, Japan, Hong Kong, Canada, Australia, Germany, France, Ukraine, England

☆ UK’s MI5 spy agency may have issued Chinese alert to distract from Partygate, tribunal hears
▼ + stars: | 2024-06-17 | by ( Caitlin Danaher | Sugam Pokharel | ) edition.cnn.com time to read: +4 min

London CNN —A former opposition lawmaker in Britain’s House of Commons has alleged that the UK’s domestic spy agency MI5 may have issued a rare alert notice in 2022 about an alleged Chinese agent as a distraction from the so-called Partygate scandal, according to testimony before a tribunal looking into the alert. The Christine Lee & So Solicitors office on Wardour Street, London, on January 13, 2022. He was the chairman of the now-disbanded Chinese in Britain All-Party Parliamentary Group, on which Lee sat. The UK has since introduced a foreign agents registration act, which is expected to come into force later this year. In a statement to CNN in 2022, Gardiner said he had not benefited personally from Lee’s donations in any way, adding that the money had been properly reported and its source verified.

Persons: London CNN —, Christine Ching Kui Lee, China’s, Boris Johnson, Barry Gardiner, Lee, Johnson’s, Gardiner, ”, “, Boris ’ Partygate, Christine Lee, Rob Pinney, Boris Johnson’s, ” “, Daniel Wilkes, Mr Gardiner, CNN’s Andrew Raine Organizations: London CNN, Communist Party, Labour Party, Getty, CNN, Security Services, MI5, Security Service, Labour, Parliamentary, Chinese Communist Party Locations: Britain’s, London, Europe, ”, Britain, British

☆ China probes European pork prices after EU hikes tariffs on its electric cars
▼ + stars: | 2024-06-17 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —Beijing has launched an investigation into prices of pork from the European Union, targeting a major EU food export just days after Brussels hiked tariffs on electric vehicles from China. A hike in import tariffs could be very costly for European pork producers if it ends up hurting demand in China, the world’s largest pork market and the main destination for EU pork exports. The EU is the second-biggest pork producer after China. According to EU customs data, the bloc exported more than €2.5 billion ($2.7 billion) worth of pork, including offal, to China last year. Beijing had been widely expected to use targeted measures to try to dissuade EU officials from permanently adopting higher tariffs on electric cars imported from China, a decision the EU must make by November.

Persons: Olof Gill, Gill, ”, Xu, Maisie Linford Organizations: London CNN —, European Union, China’s Ministry of Commerce, EU, European Commission, World Trade Organization, WTO Locations: London CNN — Beijing, Brussels, China, Beijing, Spain, Netherlands, Denmark, France, Europe

☆ Prince William shares childhood photo of him and King Charles III for Father’s Day
▼ + stars: | 2024-06-16 | by ( Benjamin Brown | ) edition.cnn.com time to read: +1 min

London CNN —Prince William on Sunday shared a photograph showing him as a child with his father, King Charles III, to mark Father’s Day in the United Kingdom this year. The heir to the British throne posted the image on X and wrote: “Happy Father’s Day, Pa. W.”The photo shows William and the then-Prince of Wales outside with a ball at Charles’ feet. Happy Father’s Day. William's children also put out a Father's Day message. The Princess of WalesFather’s Day comes a day after the Princess of Wales attended her first public engagement since being diagnosed with cancer.

Persons: London CNN — Prince William, King Charles III, William, Prince of Wales, Charles ’, – George, Charlotte, Louis –, ’, Papa, ”, Prince George , Princess Charlotte, Prince Louis, Catherine , Princess of, Wales, Princess, King Charles Organizations: London CNN, Sunday Locations: United Kingdom, Pa

☆ trooping the colour princess kate: Catherine, Princess of Wales to attend King’s birthday celebration
▼ + stars: | 2024-06-15 | by ( Lauren Said-Moorhouse | ) edition.cnn.com time to read: +3 min

London CNN —Catherine, Princess of Wales is to take part the Trooping the Colour celebration on Saturday - the King’s official birthday parade - in what will be her first public appearance since revealing her cancer diagnoses. The Princess of Wales - also known as Kate - will watch the rest of the parade with her family nearby, and is expected to join fellow royals on the balcony. The event - one of the highlights of the royal calendar - is a tradition marking the official birthday of the British sovereign for more than 260 years. Britain’s Kings and Queens have doubled up on their festivities since the 18th century, holding both a public celebration – the official birthday – and a more private event on the real date. Three of the British Army’s horses which bolted across in London in April have returned to duty and are expected to take part in this weekend’s birthday parade.

Persons: London CNN — Catherine, Princess, “, ” King Charles III, Britain’s, King George II, Charles III, George, King Charles, Ascot landau, Queen Camilla . Three Organizations: London CNN, Guard’s, Queens Locations: Wales, London, Buckingham Palace, British, Britain’s Kings, Ascot

☆ Come inside star-studded King’s Foundation awards
▼ + stars: | 2024-06-14 | by ( Max Foster | Lauren Said-Moorhouse | ) edition.cnn.com time to read: +7 min

London CNN —King Charles III was in his element this week as he celebrated a very special moment for his foundation at St. James’s Palace in London. On Tuesday, the 75-year-old monarch attended the inaugural awards of his King’s Foundation, so we thought, why not take our Royal News readers along with us? Now, to rewind for just a moment – King Charles set up the charity back in 1990 when he was still the Prince of Wales. King’s Foundation chief executive Kristina Murrin told CNN that the charity is underpinned by the monarch’s philosophy of working in concert with nature to “build sustainable thriving communities.”King Charles III presents the Harmony Award to Ban Ki-moon, left, the former United Nations secretary-general, at the King's Foundation awards. King Charles III smells a wool sample at the King's Foundation awards.

Persons: London CNN — King Charles III, James’s, King Charles, Prince of Wales, Kristina Murrin, ” King Charles III, Ban, Kirsty Wigglesworth, ” Murrin, Rod Stewart, Penny Lancaster, David Beckham, Sienna Miller, Edward Enninful, Naomi Campbell, Raymond Blanc, King Charles III, we’ve, “, Charles, King, Alan Titchmarsh, ”, Isabelle Pennington, I’d, Beckham, “ we’ll, Murrin Organizations: CNN’s Royal, London CNN, Foundation, Royal News, King’s Foundation, CNN, United Nations, King's Foundation, Dumfries House, King Charles III Harmony, UN, Pipers, National Piping Centre, Rock Choir, King’s, England, Royal Locations: London, St, United Kingdom, Korean, James’s, Edmead, Caribbean, Germany, Iceland

☆ Markets fear the French far right could trigger a financial crisis
▼ + stars: | 2024-06-14 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +5 min

President Emmanuel Macron called the snap elections Sunday after his party lost to the far right in a vote for EU lawmakers, a shock move that rattled markets for French stocks and government bonds. There has been widespread speculation since then that the National Rally, the party of far-right doyenne Marine Le Pen, is poised to become the most powerful force in parliament, unseating Macron’s centrist bloc. The risk of something similar happening in France is real, according to the country’s finance minister, Bruno Le Maire. “This comes down to the (parties’) plans that are on the table, whether we can, yes or no, finance this debt,” Le Maire said. The National Rally has promised to raise public spending and slash VAT on electricity and fuel.

Persons: Emmanuel Macron, Pen, ”, Truss, Bruno Le Maire, Le Maire, “, ” Le Maire, ’ jitters, Ludovic Marin, La Tribune Dimanche, Frank Gill, Moody’s, ” Joseph Ataman, Mark Thompson Organizations: London CNN —, EU, National, ‘, AAA, Getty Images Stock, haven’t, CNN, BFMTV, La Tribune, National Rally, European Central Bank, ECB Locations: France, ‘ France, French, Portugal, Europe, Italy, AFP, Paris, London

☆ Catherine, Princess of Wales, making ‘good progress’ against cancer and is set to make first public appearance in months
▼ + stars: | 2024-06-14 | by ( Rob Picheta | Max Foster | ) edition.cnn.com time to read: +4 min

London CNN —Catherine, Princess of Wales, has said she is making “good progress” in her recovery from cancer, and will make her first public appearance in months at the King’s official birthday celebration on Saturday. “I am making good progress, but as anyone going through chemotherapy will know, there are good days and bad days,” the Princess, who is often known as Kate, said in a personal message released on Friday. But on the good days, when you feel stronger, you want to make the most of feeling well.”“My treatment is ongoing and will be for a few more months,” Kate wrote. It represents a significant moment in the Princess’s recovery, marking her first public appearance since Christmas Day – weeks before her cancer diagnosis. Neither royal has specified the type of cancer they are receiving treatment for, or revealed details about their progress.

Persons: London CNN — Catherine, Princess of Wales, Catherine, King Charles III’s, Kate, “, ” Kate, ”, William, Charles, Prince William, King Charles III Organizations: London CNN Locations: Buckingham, Kensington, Windsor, “, France

☆ Dancing by Taylor Swift fans in Edinburgh registers as seismic activity
▼ + stars: | 2024-06-13 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +9 min

John Shearer/TAS23/Getty Images Swift performs in Glendale, Arizona, during the opening weekend of "The Eras Tour" in March 2023. John Shearer/TAS23/Getty Images Fans wait in line to buy tour merchandise outside Raymond James Stadium in Tampa, Florida, in April 2023. Hector Vivas/TAS23/Getty Images Swift performs "Midnight Rain" in Edinburgh, Scotland, in June 2024. John Shearer/TAS23/Getty Images Swift sings "I Can Do It With a Broken Heart" in Paris in May 2024. John Shearer/TAS23/Getty Images In pictures: Taylor Swift's 'Eras Tour' Prev NextMonitoring stations around the city registered the activity during all three performances.

Persons: London CNN — Taylor Swift, Taylor Swift, Kevin Mazur, Swift, Natasha, Ethan Miller, John Shearer, Kevin Winter, Benjamin B, Braun, Jutharat, Phoebe Bridgers, Bridgers, Raymond James, Zack Wittman, Hector Vivas, Gareth Cattermole, Don Arnold, TAS24, Rachel Wisniewski, Terence Rushin, Haim, Jeff Kravitz, Erin Clark, Sarah Yenesel, Sabrina Carpenter, William West, Christopher Polk, Bob Levey, TAS23, Allen J, Taylor, ‘, ”, Harry Styles, Callum Harrison, we’ve Organizations: London CNN, British Geological Survey, Murrayfield, Swift City, Pittsburgh, MetLife Stadium, New York Times, Department, Lincoln Financial, Washington Post, Ticketmaster, Boston Globe, Getty, Penske Media, Los Angeles Times, Scottish Rugby Locations: Edinburgh, Scottish, East Rutherford , New Jersey, Chicago, Las Vegas, Nashville , Tennessee, Glendale , Arizona, Glendale, Swift, Los Angeles, Pittsburgh, East Rutherford, Paris, Nashville, Tampa , Florida, Mexico City, Scotland, Sydney, Philadelphia, Atlanta, Santa Clara , California, Foxborough , Massachusetts, Kansas City , Missouri, Coney, Melbourne, AFP, Lyon, France, Houston, Inglewood , California, Cincinnati, ”

☆ Titian masterpiece once found at London bus stop could sell for $32 million
▼ + stars: | 2024-06-13 | by ( Jack Guy | ) edition.cnn.com time to read: +2 min

London CNN —A twice-stolen painting by Italian Renaissance master Titian, which was once found in a plastic bag at a bus stop in London, is expected to fetch as much as $32 million at auction in July. “The Rest on the Flight into Egypt” is going under the hammer at Christie’s with an estimate of £15 million-£25 million ($19 million-$32 million), according to a statement from the auction house. The painting depicts Jesus, Mary and Joseph resting on their way to Egypt after learning that Herod, King of Judea, wanted to kill the young Christ. Titian, whose real name was Tiziano Vecellio, made the work in the first decade of the 16th century, at the beginning of his career. In 1995, it was stolen from Longleat, the home of Thynne’s descendants, and disappeared for seven years, before it was found at a bus stop in London by art detective Charles Hill.

Persons: London CNN —, Titian, Egypt ”, Jesus, Mary, Joseph, Herod, King of Judea, Tiziano, John Alexander Thynne , 4th Marquess of Bath, Charles Hill, archdukes, ” Christie’s Organizations: London CNN, Italian, Napoleonic Locations: London, Egypt, Vienna, Paris, Wiltshire, England, Christie’s

☆ Forget Beatlemania. Taylor Swift fever is sweeping Liverpool
▼ + stars: | 2024-06-12 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

On Thursday, it expects to welcome Taylor Swift fans heading to Anfield for the first of the superstar’s three “Eras Tour” concerts in Liverpool. Banners outside St George's Hall in Liverpool saying "Liverpool loves Taylor," seen in May 2024. Taylor Swift performs at the Scottish Gas Murrayfield Stadium on June 7, 2024, in Edinburgh, UK. A fan poses at an art installation representing Taylor Swift's "Lover" album era, in Liverpool in June 2024. People walk past an art installation representing Taylor Swift's album "The Tortured Poets Department" in Liverpool in June 2024.

Persons: Sandon, Taylor Swift, Ceri Smith, It’s, ”, Swift, Smith, Liverpool, Taylor, Phil Noble, Harry Doyle, Gareth Cattermole, Natalia Lechmanova, “, ” Taylor, deconstruct Taylor, Taylor Swift's, Peter Byrne, ’, Doyle, “ She’s, Frankie Goes, Kevin McManus, they’ve, ” McManus Organizations: London CNN, Anfield, Liverpool Football Club, CNN, Reuters, Amion Consulting, Liverpool City Council, Liverpool …, Liverpool ONE, Mastercard, Institute, Fans, Scottish Gas Murrayfield, “, Wembley, Liverpool, University of Liverpool, Cavern, National Museums Liverpool, Beatles, UNESCO, Music, Department Locations: Anfield, Liverpool, Sandon, George's, United Kingdom, English, United States, Edinburgh, London, Taylor

☆ OPEC’s sway over global oil prices may soon loosen, IEA says
▼ + stars: | 2024-06-12 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

The Paris-based IEA said Wednesday that it expects growth in global oil production — led by the United States and other countries in the Americas — to “inflate the world’s spare (oil) capacity cushion” to levels seen only once before, during the coronavirus pandemic when oil prices crashed. By 2030, global oil supply will outstrip demand by a “staggering” 8 million barrels per day, according to forecasts published by the agency in its medium-term oil market report. “(That’s) a major, major surplus and… might be one of the highest in the history,” Fatih Birol, the IEA’s executive director, told reporters. The IEA also forecast growth in global oil demand to “slow progressively” over the rest of the decade, with demand peaking by 2029 before contracting slightly the year after. Despite the cuts, oil prices have trended downward in recent months.

Persons: London CNN —, upend, ” Fatih Birol Organizations: London CNN, Organization of, Petroleum, International Energy Agency, The, ”, OPEC, CNN, IEA, Brent, West Texas Locations: OPEC, The Paris, United States, Americas, Russia, Syria, China

☆ Europe risks trade war with China by hiking tariffs on its electric cars
▼ + stars: | 2024-06-12 | by ( Hanna Ziady | ) edition.cnn.com time to read: +7 min

The European Commission, the EU’s executive arm, launched the probe in October to establish whether Chinese EV prices are artificially low because of subsidies and so hurt European carmakers. Europe is the main destination for Chinese EV exports. The new EV tariffs are likely to kick off intense negotiations between Beijing and Brussels aimed at averting a damaging trade war. Many of them manufacture cars in China and then sell them in Europe, a set-up that will be more costly as a result of the higher tariffs. Alternatively, Beijing could pledge investment into EU countries and promise better market access in China for EU firms, the Rhodium analysts wrote.

Persons: ” Will Roberts, BYD, Roberts, …, Olaf Scholz, ”, Joe Biden, Olesya Dmitracova, Mark Thompson, Shawn Deng, Alex Stambaugh Organizations: London CNN, European Union, European Commission, Commission, Volvo, SAIC, EV, EU, Rho Motion, China’s Ministry of Commerce, Rho, Renault’s, CNN, “, France EU, Group Locations: China, Beijing, European, Brussels, Washington, EU, Europe, Renault’s Dacia, “ Beijing, Germany, France, Spain, United States, Hungary, London, Hong Kong

☆ Raspberry Pi London IPO: Why investors are going gaga over a tiny, $35 computer
▼ + stars: | 2024-06-11 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —Investors are snapping up the shares of a British maker of tiny computers after it went public on the London Stock Exchange Tuesday. Raspberry Pi stock soared as much as 40% in early trade before paring those gains slightly by 11.54 a.m. The Cambridge-based company started life in 2012 as a commercial subsidiary of the Raspberry Pi Foundation, a charity founded four years earlier to promote computer science in schools. To date, Raspberry Pi has sold more than 60 million computers worldwide, according to its website. Raspberry Pi plans to invest the funds raised in developing its products and expanding its educational activities.

Persons: Pi, Eben Upton, “ It’s, ” Russ Mould, AJ Bell, haven’t, ” Organizations: London CNN —, London Stock Exchange, Pi, Pi Foundation, Industrial, University of Cambridge, Nasdaq, Cambridge University, Sony, SONY, CNN Locations: British, Cambridge, New York, London

☆ Elon Musk threatens to ban iPhones at his companies if Apple integrates ChatGPT
▼ + stars: | 2024-06-11 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

London CNN —Elon Musk is not happy about a new partnership between Apple and ChatGPT creator OpenAI. “Apple has no clue what’s actually going on once they hand your data over to OpenAI,” Musk said in a separate post. OpenAI’s technology will support some of these new tools — for example, allowing users to direct questions to ChatGPT via their Apple devices. Greg Brockman, OpenAI president, said late Monday that ChatGPT would be integrated into Apple’s operating systems for iPhones, iPads and Mac computers. So Musk’s employees may have limited options if he wants to ban rival AI — or even OpenAI — from his companies.

Persons: London CNN — Elon Musk, OpenAI, ” Musk, Apple, Musk’s, Siri, Greg Brockman, We’re, Will, Sam Altman, ”, Catherine Flick, ” OpenAI, ” Matt Britzman, Hargreaves Lansdown Organizations: London CNN, Apple, SpaceX, Bluetooth, ” CNN, OpenAI, Developers, Apple Intelligence, Google, Samsung, Microsoft, Windows, Staffordshire University Locations: OpenAI, ”, England

☆ MLB: ‘Jump on the wagon,’ says Phillies star Bryce Harper as baseball fever hits UK – with a little help from Rob McElhenney
▼ + stars: | 2024-06-11 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +6 min

London Stadium, London CNN —As the sun descended in east London, so did tens of thousands of baseball fans as America’s pastime once again made its way across the Atlantic Ocean to England’s capital. The seven-time All-Star’s Great British love-in continued throughout the weekend, and in the opening game of the series, Harper played the starring role. If these international events are put on to attract new fans, Harper was certainly doing his best to persuade them to follow baseball. Kaitlin Olson (far left), McElhenney (second from right), former Philadelphia Phillies second baseman Chase Utley (far right) and Harper participate in opening ceremonies. The wait is now on to see which two teams will do battle in the next edition of the London Series.

Persons: Rob McElhenney, Kirsty Wigglesworth, Bryce Harper, Harper, Ryan Pierse, ” Harper, West Ham –, Mary DeCicco, ”, Freddie Mercury, Winston Churchill, King Henry VIII, Alex Bierens de Haan, Kaitlin Olson, Chase Utley, McElhenney, Olson, Vera Nieuwenhuis Organizations: London, London CNN —, Major League Baseball, Philadelphia Phillies, New York Mets, Premier League soccer, West Ham, Phillies, Mets, UK Phillies, Spice, Philly, Arsenal, Tottenham, Premier League, New York Yankees, Boston Red Sox, Louis Cardinals, Chicago Cubs, Baseball, Britain, King’s Guard, Wrexham AFC Locations: London, British, Philadelphia, Chelsea, West, America, New York

☆ King Charles’ first official portrait vandalized by activists
▼ + stars: | 2024-06-11 | by ( Niamh Kennedy | Louis Mian | ) edition.cnn.com time to read: +3 min

Video Ad Feedback Video shows King Charles' portrait being vandalized by activists 00:51 - Source: CNNLondon CNN —Activists from an animal rights group have vandalized the first official portrait of King Charles, currently on display in a London gallery. Campaign group Animal Rising posted a video on its social media channels on Tuesday showing two activists using a paint roller to stick signs over the portrait of the monarch. The painting, which is the first official portrait of King Charles as monarch, raised eyebrows when it was officially unveiled earlier this year. Activists covered the king’s head with a sign of British cartoon character Wallace, from the “Wallace and Gromit” comedy series. One British newspaper suggested the activist group chose “Wallace and Gromit” because of a remark made by Queen Camilla in 2012.

Persons: King Charles, Philip Mould, Jonathon Yeo, Wallace, “ Wallace, Gromit, Queen Camilla, Elizabeth’s, Camilla, Mould Organizations: CNN London CNN —, Royal Society for, RSPCA ., Clarence House, CNN Locations: London, British

☆ Barclays bank branches vandalized by pro-Palestinian, climate activists
▼ + stars: | 2024-06-10 | by ( Catherine Nicholls | Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —Around 20 branches of Barclays have been vandalized by pro-Palestinian and climate activists who said they were protesting against the UK bank’s business dealings in Israel and its funding of polluting industries. “Frustration with Barclays’ limited progress towards stopping their genocidal and climate-destructive financing has helped spawn this new radical flank of activism,” Palestine Action said. “Shut the System and Palestine Action have taken radical direct action in frustration with Barclays’ paltry progress on changing their climate destroying and genocidal financing,” one post read. A number of pro-Palestinian groups have called for protests against Barclays, alleging that the bank invests billions of dollars in companies linked to Israel’s military. “The defense sector is fundamental to our national security and the UK government has been clear that supporting defense companies is compatible with (Environmental, Social and Governance) considerations.

Persons: “, Barclays “, ”, Guy Smallman, embargos Organizations: London CNN —, Barclays, CNN, BCS, Palestine Solidarity Campaign, Trade, NATO, Social, City of London Police Locations: Israel, London, Palestine, Edinburgh, Gaza, Croydon, City

☆ French election shock hits stocks and the euro
▼ + stars: | 2024-06-10 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

London CNN —The decision by French President Emmanuel Macron to call a snap election after losing to the far right in a vote for European lawmakers roiled markets and the euro Monday. The first round of the French election is scheduled for June 30, followed by the second round on July 7. Under the French system, parliamentary elections are held to elect the 577 members of the lower house, the National Assembly. Higher yields indicate that investors want a bigger premium to buy French bonds given the political uncertainty. “A right-wing majority in the (French parliament) would hamper any reform plans.

Persons: Emmanuel Macron, Macron, Générale, “, ”, Mike O’Sullivan, whittle, Andrew Kenningham, ” Mohit Kumar Organizations: London CNN, BNP, Credit Agricole, National, National Assembly, CNN, Capital Economics, Jefferies Locations: Paris, Europe, —, France

☆ Two 12-year-old boys found guilty of killing man in UK machete attack
▼ + stars: | 2024-06-10 | by ( Catherine Nicholls | ) edition.cnn.com time to read: +2 min

London CNN —Two 12-year-old boys have been found guilty of killing a man in a machete attack in the United Kingdom last November, police said Monday. The boys, who cannot be identified for legal reasons, murdered 19-year-old Shawn Seesahai in a park in Wolverhampton, central England, West Midlands Police said in a statement. Seesahai, who was from Anguilla, had only lived in the UK for about six months, the statement said. A witness told the court that one defendant used the machete on Seesahai’s legs while the other punched and stamped on his head, PA said. The boys are expected to be sentenced in July, PA reported.

Persons: Shawn Seesahai, Seesahai, “, Seesahai’s, ” Organizations: London CNN —, West Midlands Police, ”, ” Nottingham Crown Locations: United Kingdom, Wolverhampton, England, Anguilla, ” Nottingham, ”

☆ IKEA wants to pay real people to work in its new store inside Roblox game
▼ + stars: | 2024-06-07 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

London CNN —IKEA has put a new spin on remote working, seeking 10 real-life staff to work in its Roblox virtual store that opens on June 24 and becoming the first brand to offer paid work on the gaming platform. “This is not the typical IKEA job,” the Swedish flatpack giant said in the listing for jobs in its Roblox outlet, called “The Co-Worker Game.”IKEA is launching a new game. IKEA is expanding into the virtual world. IKEA is not the first brand to enter the virtual world, following in the footsteps of Walmart (WMT), among others, which created a virtual Roblox store allowing users to buy physical items and receive them in the mail. It wasn’t immediately clear whether customers will be able to buy real IKEA products through its game.

Persons: Brandon Bell Organizations: London CNN, IKEA, Ikea, Walmart, CNN Locations: Swedish, United Kingdom, Ireland, London, United States

☆ ‘The Whole World Smiles With You’ challenges the boundaries of Black art
▼ + stars: | 2024-06-06 | by ( Leah Dolan | ) edition.cnn.com time to read: +7 min

“These were the images that were easy for the art world to engage with. Akinkugbe hopes the exhibition shows the "sprawling" nature of Black figurative art. Courtesy Opera GalleryWhile public and institutional interest in Black art has been increasing steadily since 2008, attention and engagement is often inextricably linked to the news cycle. “I do think that in the art world, there was a huge reaction to 2020. “I think it could broaden someone’s idea of what Black art is.

Persons: London CNN —, tutu, Edgar Degas, Chicago, Thelonious Stokes, Stokes, Alayo Akinkugbe, ”, Louis Armstrong, ” Akinkugbe, George Floyd, Derek Chauvin, Akinkugbe, Adjei, Amoako Boafo, Noel Anderson’s, Jazz Grant, ” Noel Anderson, Michael, Leonardo da Vinci, Vermeer, David Hockney, Lucien Freud, Jenny Saville, Francis Bacon’s, Lucian Freud ”, “ I’ve, ’ Stokes, Jesus, “, reimaginings, ” Stokes, ArtNews, Morgan Stanley, “ It’s, We’ve, there’s Organizations: London CNN, Opera, CNN, Sound, Black Arts Movement, Harlem Locations: retiré ., London, Chicago, Florence, Minneapolis, Ghana, West Africa, African

☆ ECB: Interest rates are coming down in Europe
▼ + stars: | 2024-06-06 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —The European Central Bank cut interest rates Thursday, moving before the US Federal Reserve and the Bank of England to lower borrowing costs as inflation recedes following years of rate hikes. Central banks in Switzerland and Sweden have also cut interest rates this year. Analysts doubt the central bank will cut rates again at its next meeting in July. It added that it would keep interest rates “sufficiently restrictive for as long as necessary” to return inflation to the 2% target. Higher interest rates tend to attract more international capital flows into a country, lifting demand for its currency.

Persons: Christine Lagarde, Cyrus de la Rubia Organizations: London CNN, European Central Bank, US Federal Reserve, Bank of England, ECB, Bank of Canada, P Global, Hamburg Commercial Bank, Fed, Traders Locations: Ukraine, United States, United Kingdom, Switzerland, Sweden, Hamburg, Frankfurt, Europe

☆ UK Prime Minister Rishi Sunak was fact-checked by his own government before election debate with Keir Starmer
▼ + stars: | 2024-06-05 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

“Independent Treasury officials have costed Labour’s policies and they amount to a £2,000 tax rise for every working family,” Sunak said. The Conservative Party leader later repeated the claim. But Bowler’s letter could undermine Sunak’s claim to lead with integrity — a pledge made when he became prime minister in October 2022 — as he battles a high-stakes election. In a statement Wednesday, Labour said Sunak had “lied eleven times to the British people” about the party’s tax plans. During the debate Tuesday, Starmer dismissed the £2,000 ($2,560) figure as “nonsense” and said it was based on “pretend” Labour policies.

Persons: Rishi Sunak’s, “, ” Sunak, Keir Starmer, James Bowler, Darren Jones, Bowler, ”, Sunak, —, Starmer, Luke McGee Organizations: London CNN, Treasury, Labour Party, Labour, National Health Service, Independent Treasury, Conservative Party, senior Labour Party, Conservative, Civil Service, Tories, CNN

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