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☆ Morning Bid: Markets drift ahead of central bank extravaganza
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +2 min

A look at the day ahead in European and global markets from Ankur BanerjeeAfter surprise interest rate hikes from the Reserve Bank of Australia and Bank of Canada, investors are a bit nervy heading into a week that brings us three major central banks meetings. Last week's moves have inflamed uncertainty in investor minds about whether the U.S. Federal Reserve will skip or surprise on Wednesday. CME Fedwatch tool showed the probability of the Fed standing still is over 70%, but with inflation data due on Tuesday there may just be a late sting in the tail. No such surprises are expected from the European Central Bank or Bank of Japan, with markets widely expecting the ECB to hike and stay hawkish, and the BOJ to stick to its ultra-loose monetary policy. Reuters GraphicsReuters GraphicsWith not a lot on the data calendar, stocks in Asia are muted, while the U.S. dollar is steady.

Persons: Ankur Banerjee, BioNTech, Crispin Odey, Nicola Sturgeon, Christopher Cushing Organizations: Ankur, Reserve Bank of Australia, Bank of Canada, Fed, ECB, U.S . Federal Reserve, CME, European Central Bank, Bank of Japan, Reuters Graphics Reuters, U.S ., Nikkei, Odey, Management, Scottish First, Scottish National Party ., Thomson Locations: Asia, Germany, Britain, Denmark, Czech Republic, Turkey, Singapore

☆ Scotland's leader won't suspend Nicola Sturgeon from party after arrest
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +2 min

[1/4] Scotland's First Minister Nicola Sturgeon attends her last First Minster's Questions at the Scottish Parliament at Holyrood, in Edinburgh, Scotland, Britain, March 23, 2023. REUTERS/Russell CheyneLONDON, June 12 (Reuters) - Scotland's First Minister Humza Yousaf said on Monday he would not suspend his predecessor Nicola Sturgeon after her arrest as part of a police inquiry into the finances of the governing, pro-independence Scottish National Party (SNP). "I see no reason to suspend their membership," Yousaf told the BBC. After she was released on Sunday, Sturgeon said she had committed no offence and was innocent of wrongdoing. Angus MacNeil, one of the SNP’s longest-serving members of the British parliament, said on Sunday Sturgeon should be suspended.

Persons: Nicola Sturgeon, Russell Cheyne, Humza Yousaf, Yousaf, Sturgeon, Peter Murrell, Scotland's, Ash Regan, Angus MacNeil, Andrew MacAskill, Kylie MacLellan, Mark Heinrich Our Organizations: Scottish, REUTERS, Scottish National Party, BBC, Labour Party, Labour, Thomson Locations: Holyrood, Edinburgh, Scotland, Britain, Scottish, United Kingdom, Westminster

☆ Scotland’s Ex-Leader Nicola Sturgeon Arrested in Party-Finances Probe
▼ + stars: | 2023-06-11 | by ( Max Colchester | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/scotlands-ex-leader-nicola-sturgeon-arrested-in-party-finances-probe-186a108b

Persons: Dow Jones, nicola

☆ Scotland’s Ex-Leader Nicola Sturgeon Arrested in Party Finances Probe
▼ + stars: | 2023-06-11 | by ( Max Colchester | ) www.wsj.com time to read: 1 min

Persons: Dow Jones, nicola

☆ Cagliari score stoppage-time winner to snatch promotion from Bari
▼ + stars: | 2023-06-11 | by ( ) www.reuters.com time to read: +1 min

Cagliari were under pressure at a foggy Stadio San Nicola where only a victory would see them promoted. The first leg ended 1-1 on Thursday as an early goal from Gianluca Lapadula was cancelled out by a late penalty by Bari's Mirco Antenucci and had the second leg also ended in a draw, Bari would have gone up after finishing higher in the table. Cagliari struggled to create anything for most of the match, but in the pouring rain, Pavoletti volleyed in the winner four minutes into stoppage time. Bari finished the season in third, five points ahead of Cagliari in fifth. Reporting by Tommy Lund in Gdansk Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

Persons: Leonardo Pavoletti, Gianluca Lapadula, Bari's Mirco Antenucci, Claudio Ranieri's, Bari, Tommy Lund, Toby Davis Organizations: Serie A, Bari, Sunday, Cagliari, San Nicola, Frosinone, Thomson Locations: San, Bari, Genoa, Cagliari, Gdansk

☆ Ex-Scottish leader Nicola Sturgeon arrested by police investigating governing party’s finances
▼ + stars: | 2023-06-11 | by ( ) www.cnbc.com time to read: +1 min

Nicola Sturgeon speaking during a press conference at Bute House in Edinburgh where she announced she will stand down as First Minister of Scotland on February 15, 2023 in Edinburgh, United Kingdom. Former Scottish First Minister Nicola Sturgeon was arrested Sunday by police investigating the finances of the governing, pro-independence Scottish National Party. Police Scotland said a 52-year-old woman was detained "as a suspect in connection with the ongoing investigation into the funding and finances of the Scottish National Party." The BBC and other media outlets identified the arrested woman as Sturgeon. Sturgeon unexpectedly resigned in February after eight years as party leader and first minister of Scotland's semi-autonomous government.

Persons: Nicola Sturgeon, Sturgeon, Colin Beattie, Peter Murrell, Murrell Organizations: Bute House, Former Scottish First, Scottish National Party . Police Scotland, Scottish National Party, Police Scotland, BBC, Scottish Locations: Edinburgh, United Kingdom, Scottish, Glasgow

CNN —Scotland’s former first minister Nicola Sturgeon has been arrested as part of the police investigation into the finances of the Scottish National Party (SNP), the most high-profile SNP official yet to be questioned in the probe. But since standing down, the party she led for almost a decade has descended into chaos amid a widely publicized police investigation. Officers have been probing the SNP’s handling of money that was slated for Scottish independence campaigning, according to PA Media. Sturgeon was replaced as leader this year when Humza Yousaf narrowly won a bitter leadership election that exposed divisions within the party. The chaos and legal questions surrounding the party could put its stranglehold on Scottish politics at risk, with the pro-union Labour Party eying a resurgence in the nation.

Persons: CNN —, Nicola Sturgeon, “, ”, Sturgeon, Nicola, Peter Murrell, Colin Beattie, Humza Yousaf Organizations: CNN, CNN — Scotland’s, Scottish National Party, Scotland Police, Police Scotland, Police, PA Media, Scottish, Westminster, Labour Party Locations: Edinburgh, Independence, Sturgeon, United Kingdom, Scotland

☆ Former Scottish leader Nicola Sturgeon arrested over SNP funding probe
▼ + stars: | 2023-06-11 | by ( Kylie Maclellan | ) www.reuters.com time to read: +5 min

The arrest is deeply embarrassing for the SNP, which has dominated Scottish politics for most of the last two decades. Sturgeon stood down earlier this year and support for the party and its aim of independence has since dropped. "Nicola Sturgeon has today, Sunday 11th June, by arrangement with Police Scotland, attended an interview where she was to be arrested and questioned," a spokesperson for Sturgeon said. Opposition parties have accused the SNP of being mired in scandal and too focused on independence to govern Scotland properly. The Labour Party's Scotland spokesperson Ian Murray said there was a culture of "secrecy and cover-up" in the SNP.

Persons: Nicola Sturgeon, Peter Summers, Sturgeon, Nicola, Sturgeon's, Peter Murrell, Colin Beattie, Murrell, Beattie, Scots, Ian Murray, Humza Yousaf, Westminster, YouGov, party's, Yousaf, Kylie MacLellan, Andrew MacAskill, Alistair Smout, Alex Richardson, Frances Kerry, Sharon Singleton Organizations: NHS, Treatment, Labour LONDON, Scottish First, Scottish National Party, Scottish, Police Scotland, Twitter, Police, Scotland's, England, Conservative, Labour Party's, Scotland, Labour, Thomson Locations: KIRKCALDY, SCOTLAND, NHS Fife, Kirkcaldy, Scotland, Scottish, Glasgow, Westminster

☆ Nicola Sturgeon, Scotland’s Former Leader, Is Arrested in Financial Inquiry
▼ + stars: | 2023-06-11 | by ( Stephen Castle | ) www.nytimes.com time to read: +1 min

However, Mr. Yousaf’s efforts to establish himself as Scotland’s new first minister have been overshadowed by the extraordinary drama after the recent escalation of the police investigation into the S.N.P.’s finances. The BBC and other British news outlets identified the arrested woman as Ms. Sturgeon. Police Scotland’s inquiry, code-named Operation Branchform, began in 2021 and was reported to have followed complaints about the handling of around 600,000 pounds, or nearly $750,000, in donations raised to campaign for a second vote on Scottish independence. (A first referendum on the question was held in 2014, with Scots voting by 55 percent to 45 percent against independence.) Mr. Beattie resigned after his arrest.

Persons: Sturgeon, ”, “, Murrell, Beattie Organizations: Police Scotland, Scottish National Party, BBC, Sturgeon . Police, Scottish Locations: Sturgeon

☆ Former Scotland leader Nicola Sturgeon arrested
▼ + stars: | 2023-06-11 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsFormer Scotland leader Nicola Sturgeon arrestedPostedScotland's longest-serving leader of its semi-autonomous government was arrested on Sunday as a part of an investigation into the Scottish National Party's finances. Rachel Graham has the story.

Persons: Nicola Sturgeon, Rachel Graham Organizations: Scottish

☆ NASA’s Psyche mission will launch to an unexplored metal world this fall
▼ + stars: | 2023-06-05 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

The endeavor, known as the Psyche mission, was originally expected to lift off in 2022. But the launch window opened on August 1 and closed October 11 before the spacecraft’s flight software was ready. The analysis included ways to address issues with the mission as well as “JPL institutional issues” that caused the delay. This rendering shows how scientists think the Psyche asteroid appears up close. Rubin/NASA/JPL-CaltechThe Psyche asteroid is so metal-rich, some scientists believe it’s the exposed core of a planetesimal, or a planet in the making that separated into layers.

Persons: “, ”, Laurie Leshin, ” Leshin, Peter Rubin The, ’, Nicola Fox, Psyche, Rubin Organizations: CNN, NASA, Jet Propulsion Laboratory, California Institute of Technology, JPL, Engineers, Caltech, Arizona State Univ, Systems Locations: Pasadena , California, Florida, Arizona

☆ Virgin Galactic completes Unity 25 spaceflight in key final test before commercial service
▼ + stars: | 2023-05-25 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +5 min

Virgin Galactic did not publicly livestream the flight unlike the previous one that carried founder Sir Richard Branson in July 2021. ET, carrying the company's VSS Unity spacecraft up to an altitude of about 40,000 feet. Virgin Galactic previously said it aims to fly its first commercial mission in "late June," assuming a successful test flight on Thursday. Virgin GalacticUnity 25 represents a crucial moment in the history of Virgin Galactic, which has suffered repeated setbacks and years of delays in developing its spaceflight system. Virgin Galactic has yet to generate meaningful revenue, and needs to be flying spaceflights regularly in order to do so.

☆ Virgin Galactic targets May 25 for first spaceflight since Richard Branson's trip
▼ + stars: | 2023-05-17 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

Virgin Galactic is targeting as early as May 25 for the launch of its next spaceflight, which marks both its first in nearly two years since flying founder Sir Richard Branson and its planned last step before beginning commercial service. Called Unity 25, the mission represents the company's fifth spaceflight to date, launching out of Spaceport America in New Mexico. It is a "final assessment" flight, with six Virgin Galactic employees onboard for a short trip to the edge of space. In-house pilots Mike Masucci and CJ Sturckow will fly spacecraft VSS Unity, while Jameel Janjua and Nicola Pecile will fly carrier aircraft VMS Eve. Depending on the outcome and data gathered from Unity 25, the company aims to fly its first commercial mission in "late June."

☆ Ukraine wants F-16s to shoot down Russian strike fighters dropping bombs it can't beat. Airpower experts say give them the jets.
▼ + stars: | 2023-05-09 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +13 min

Its defenses struggle to counter the bombs, so Ukraine wants tools to take out the Russian strike fighters. "Guided bombs are tricky for air defense because they have short flight times and usually very little infrared signature," he said. "The air defense system with the longest distance available to us is the S-300, but it's Soviet-era weapons." That is absolutely unrealistic," he said, challenging the arguments against sending fighter aircraft. There are significant training, supply chain, and operational hurdles to overcome, making essential ground-based air defense a priority in the meantime.

Lenders wasted little time in charging more for loans when interest rates rapidly rose from an almost 15-year slumber around zero last year, but most have dragged their feet on boosting deposit rates paid to millions of their customers. Money market funds are proving popular among savers seeking bigger returns on their cash as high levels of inflation persist. Data from Refinitiv Lipper showed more than 34 billion euros ($37.6 billion) of net flows into European money market funds in March, the best-selling asset type that month. Fidelity International also reported an 8% year-on-year uplift in flows into money market funds on its investment platform between Jan. 1 and April 26. Some lawmakers have criticised banks for the mismatch between what they charge borrowers and the interest rates offered to savers.

☆ Italy pushes to limit executive pay in listed state-run firms
▼ + stars: | 2023-05-04 | by ( Giuseppe Fonte | ) www.reuters.com time to read: +2 min

Top managers' multi-million euro salaries and handsome bonuses have come into focus at a time when Italian families are struggling with an inflation rate that neared 9% in April, well above the euro zone average. According to the government draft, the Treasury will work to "contain management costs" when shareholders vote on remuneration policies at state-controlled listed companies. Monte dei Paschi already applies curbs to executives' pay as a bank that was bailed out by the state in 2017. Under terms agreed with European Union authorities, the total remuneration of any MPS executive may not exceed 10 times the average salary of its employees in 2022. Additional reporting by Gavin Jones; Editing by Gavin Jones and Christina FincherOur Standards: The Thomson Reuters Trust Principles.

☆ The trans soccer team that’s making history
▼ + stars: | 2023-05-04 | by ( Hannah Ryan | ) edition.cnn.com time to read: +12 min

On the rainy evening of March 31, 2023, he captained what he says is the first ever all trans masculine soccer team in Europe in a match. “I was quite nervous before the match,” Webber told CNN. They now also aim to make soccer a more inclusive sport and connect the trans community. “After the all trans feminine team played their game and once I’d played with the all-gender team, she took me aside and said she’d been thinking about what we could do next and asked if I’d be interested in captaining an all trans masc team,” Webber said. “One day, there’ll be hundreds of trans people playing football all over the country at all levels.”

☆ Russia's air force has taken a beating, but its jets could still turn the tables in Ukraine, experts say
▼ + stars: | 2023-05-04 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

Russia's air force has had a limited role in Ukraine, despite numerical and technological advantages. Russia has held its air force back largely because of Ukraine's effective air-defense network. Which raises the question: If Ukrainian air defenses fade, will the Russian Air Force — known as the VKS — finally become a decisive factor in the war? Ukraine's small but resourceful air force put up spirited resistance that mitigated Russia's numerical and technological superiority, however. "So the air force, I think, would definitely be committed much more heavily if they had a chance."

☆ Napoli on verge of first Serie A title in 33 years
▼ + stars: | 2023-04-27 | by ( Tommy Lund | ) www.reuters.com time to read: +3 min

Summary Napoli on brink of winning titleInter under pressureRoma battling injury issuesApril 27 (Reuters) - Runaway Serie A leaders Napoli could seal their third Scudetto in record fashion this weekend if they beat lowly visitors Salernitana and second-placed Lazio drop points at Inter Milan. Spalletti urged his Napoli players not to get ahead of themselves despite being tantalisingly close to ending the city's 33-year wait for the Serie A title since Diego Maradona led the team to two championships in 1987 and 1990. Salernitana have improved dramatically since Paulo Sousa took over from Davide Nicola in mid-February and have pulled well clear of the relegation scrap. Gian Piero Gasperini's seventh-placed Atalanta, who have 52 points, travel to Torino on Saturday while Juve, with 59 points, visit another mid-table side in Bologna on Sunday. Reporting by Tommy Lund in Gdansk; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

☆ Irsina, the Italian village being repopulated by Americans
▼ + stars: | 2023-04-25 | by ( Silvia Marchetti | ) edition.cnn.com time to read: +13 min

More than 15 families from the US and Canada have bought old properties in this remote village, known for its premium wheat fields and olive groves. The first foreign “pioneer” to buy a house in Irsina was Sandy Webster, a 63-year-old writer from San Diego. The couple fell in love with the village, bought an old house with thick stone walls, antique furniture and ancient maiolica-tile floors, and spent four years renovating it. “When we got here in 2016, over 80% of the population had fled to the newer district of Irsina, the old Irsina was empty and we loved how it looked. Their house, built into the old village walls, was on sale for 70,000 euros ($77,000).

☆ MBA professors say there is a correct way to schedule your day to get more done. Here are 5 research-backed strategies they recommend.
▼ + stars: | 2023-04-24 | by ( Jessica Love | Kellogg Insight | ) www.businessinsider.com time to read: +9 min

They also say stop jumping around from task to ask and be weary of collaborating with others. Specifically, Maria Ibanez and a colleague have found that inspections that occur later in the day result in fewer violations. Each subsequent hour an inspector conducts inspections during the day results in 3.7% fewer citations per inspection that day, likely due to fatigue. For instance, after an inspection that yielded a particularly high number of violations, inspectors were likelier to spot extra violations at the next joint, too. A study from two Kellogg School professors — Nicola Persico and Rob Bray — tested this idea by altering the way Italian appellate labor court judges schedule court hearings.

☆ Police Scotland say man arrested as part of investigation into SNP funding
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: 1 min

LONDON, April 5 (Reuters) - Police Scotland said on Wednesday a 58-year-old man had been arrested as part of investigation into Scottish National Party's funding and the BBC reported the man was the husband of the former Scotland leader Nicola Sturgeon. The BBC said Peter Murrell, 58, was taken into police custody on Wednesday morning. The police investigation is looking at what happened to more than 600,000 pounds ($748,920) raised by Scottish independence campaigners in 2017, which was supposed to have been ring-fenced for spending on that issue but was missing from party's filed accounts. The SNP did not immediately respond to a request for comment. ($1 = 0.8012 pounds)Reporting by Andrew MacAskill, editing by Michael HoldenOur Standards: The Thomson Reuters Trust Principles.

☆ Husband of ex-Scottish leader arrested, British media reports
▼ + stars: | 2023-04-05 | by ( ) www.cnbc.com time to read: +2 min

Scotland's former first minister and leader of the Scottish National Party, Nicola Sturgeon, with her husband Peter Murrell in 2019. The husband of former Scottish first minister and Scottish National Party leader Nicola Sturgeon has been arrested in a party finance probe, British media reported Wednesday. Police in Scotland did not identify Peter Murrell as the 58-year old man arrested Wednesday "in connection with the ongoing investigation into the funding and finances of the Scottish National Party." Sturgeon, 52, announced her resignation in February after eight years as party leader and first minster of Scotland's semi-autonomous government. The Scottish government wants to hold a referendum next October with the question "Should Scotland be an independent country?"

☆ Some TD shareholders urge bank to ditch or renegotiate First Horizon deal
▼ + stars: | 2023-04-04 | by ( Maiya Keidan | ) www.reuters.com time to read: +3 min

Regional lenders in the U.S. face a crisis of confidence after the collapse of Silicon Valley Bank and Signature Bank last month. First Horizon shares are trading almost 30% below TD's offer price of $25 each, which points to the high risk to the deal closing. TD offered a 37% premium to buy First Horizon more than a year ago in a deal that would make TD the sixth-largest U.S. bank, operating in 22 states. Even the shareholders who support TD going ahead with the deal say it should not pay the original price proposed. A First Horizon top-20 shareholder told Reuters he expects the deal to be extended with no other changes.

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