Sterling edges up against weakening dollar after UK GDP data
Synopsis by CNN Nov 11 22
The UK economy shrank in the third quarter for the first time since the start of last year, signaling the start of a recession that is likely to hit Europe ...Read full article
Evening Standard: Chancellor Jeremy Hunt steeled Britain for a wave of tax rises and ...
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| Last Updated | Nov 11 22 |
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Sterling edges up against weakening dollar after UK GDP data: Sterling edged higher against a weakening dollar on Friday after British economic data came in ...
reuters.com/markets/currencies/sterling-edges-up-against-weakening-dollar-after-uk-gdp-data-2022-11-11/
The UK economy is sliding into recession and Europe is set to follow: The UK economy shrank in the third quarter for the first time since the start of last year ...
cnn.com/2022/11/11/economy/uk-economy-recession-europe/
Morning Bid: $ to the power of 0.228: A look at the day ahead in European and global markets from Wayne Cole.
reuters.com/markets/global-markets-view-europe-2022-11-11/
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Sterling edges up against weakening dollar after UK GDP data: Sterling edged higher against a weakening dollar on Friday after British economic data came in ...
reuters.com/markets/currencies/sterling-edges-up-against-weakening-dollar-after-uk-gdp-data-2022-11-11/
The UK economy is sliding into recession and Europe is set to follow: The UK economy shrank in the third quarter for the first time since the start of last year ...
cnn.com/2022/11/11/economy/uk-economy-recession-europe/
Morning Bid: $ to the power of 0.228: A look at the day ahead in European and global markets from Wayne Cole.
reuters.com/markets/global-markets-view-europe-2022-11-11/
US deficit poses ‘significant risks’ to global economy, warns IMF: Fund also cites concerns over fiscal ‘imbalances’ in UK, China and Italy
ft.com/content/0d098011-0ff5-4125-8cbb-5a5b281c9bd0
Quick Glance: IMF Warns of Fiscal Deficits in US and China
- The IMF has warned the US that its massive fiscal deficits have stoked inflation and pose “significant risks” for the global economy.
- Concerns were also raised about Chinese government debt, with the country projected to have a deficit of 7.6 per cent in 2025, more than double the average for other emerging markets.
- In addition to the US and China, the fund named two more countries that “critically need to take policy action to address fundamental imbalances between spending and revenues”.
- The IMF noted that “large and sudden increases” in US borrowing costs typically lead to surges in government bond yields globally and exchange rate turbulence in emerging markets and developing economies.
Asia Budget-Store Billionaires Get Richer From Inflation Pain: Not everyone is a loser when it comes to inflation.
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UK inflation falls as crumpet and meat prices drop: New official figures show that inflation, the rate at which prices rise over time, fell again in March.
bbc.com/news/business-68833077
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US to grow at double the rate of G7 peers this year, says IMF: Fund also upgrades inflation forecasts as strong demand and tight labour market delay possible Fed ...
ft.com/content/3b819571-662d-4185-9ca5-c7e682b55700
Quick Glance: IMF upgrades global growth forecast despite risks
- The International Monetary Fund slightly raised its global growth forecast on Tuesday, noting that the economy had proven 'surprisingly resilient' despite inflationary pressures and monetary policy shifts.
- IMF's chief economist, Pierre-Olivier Gourinchas, indicated that the global economy is heading for a 'soft landing,' with risks to the outlook now broadly balanced.
- While advanced economies are expected to lead the growth, dim prospects in China and other major emerging markets could impact global trade partners, according to the report.
- Despite Tuesday's brighter outlook, global growth remains low compared to historical standards, partly due to weak productivity growth and increasing geopolitical fragmentation.
Rishi Sunak faces PMQs as UK inflation drops to a two-and-a-half year low : The Prime Minister has said that his 'economic plan is working'.
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A Falling Euro Is Not The ECB's Biggest Headache: Along with rising speculation of EUR/USD approaching parity, the old question of how the European Central Bank ...
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UK Spurs Intelligence Sharing With Allies on Vote Manipulation: The UK is spearheading a drive to expand intelligence-sharing on electoral interference beyond ...
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Warwick Davis' wife Samantha dies aged 53: Samantha Davis, who co-founded the charity Little People UK, has died
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Quick Glance: Warwick Davis Mourns Wife Samantha Davis After Her Passing at 53
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- Her husband Warwick confirmed Samantha's passing in a statement, revealing that she departed on March 24.
- In a statement, Warwick described the impact of Samantha's passing on his and his family's lives.
- Warwick also praised Samantha as his 'most trusted confidant and an ardent supporter of everything I did in my career.'
Brussels proposes return to pre-Brexit mobility for UK and EU young people: European Commission to seek approval from leaders to start talks with UK on visa-free ...
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Iran sanctions: US and UK extend measures against Tehran: Measures against Tehran's drone programme are issued jointly in response to Saturday's attack on Israel ...
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Animal cruelty in Britain: rabbits, snakes and birds killed - two boys convicted: They broke into an environmental school and killed more than 20 animals: two ...
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Poland arrests suspect in ‘plot to assassinate Zelensky’: Russian spy was exploring security weaknesses at airport used by Ukrainian president, prosecutors say
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Scotland ditches 2030 climate target to cut emissions by 75%: Scotland on Thursday scrapped its target of cutting climate-damaging greenhouse gas emissions by ...
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Biden imposes new sanctions on Iran after drone and missile attack on Israel: The Biden administration announced new sanctions on Iran targeting its missile and ...
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Quick Glance: US imposes new sanctions on Iran's drone program
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- The sanctions target executives of an engine manufacturer supplying Iran’s Shahad-131 drones, companies servicing the engines, and individuals providing the drones to Iranian proxy forces in the Middle East.
- Coordinated with European allies, the new sanctions aim to disrupt Iran's missile and drone program and isolate the country globally.
- President Joe Biden emphasized the US commitment to holding Iran accountable, utilizing economic tools to counter Iran's activities, as stated by Treasury Secretary Janet Yellen.
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- While the specific release date remains undisclosed, interested individuals can already join the waitlist and anticipate further updates on Markle's product line.
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Scotland ditches 2030 climate target as being ‘out of reach’: Decision to drop pledge to cut emissions by 75% by end of the decade labelled an ‘abject ...
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UK proposes crackdown on foreign security risks to university sector: Deputy PM says government will examine new curbs around technology sharing and call in ...
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Britain decided not to list genomics as critical infrastructure, deputy PM says
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Blackstone warns that private equity cannot return capital ‘overnight’: Industry sitting on record amounts of unsold assets that will take time to sell even as ...
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Financial Times: News, analysis and opinion from the Financial Times on the latest in markets, economics and politics
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Quick Glance: Russia Strikes Chernihiv: 18 Dead, Ukraine Appeals for Air Defense
- At least 18 people were killed and over 60 wounded in Chernihiv due to Russian missile strikes. Ukrainian officials emphasized that the attack could have been prevented with adequate air defense systems.
- Russia launched three Iskander cruise missiles at the city, located near the Russian border and previously encircled by Russian troops.
- Ukraine currently has three Patriot air defense systems but requires 26 for full coverage. Following appeals for more systems, Germany pledged to send an additional one.
- A $60 billion aid package for Ukraine is stalled in the US Congress, allowing Russia to exploit ammunition and air defense shortages and gain ground in the east.
Silent Netanyahu weighs up collateral effects of Israeli retaliation against Iran
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‘Blame her’: Meghan’s big Archie, Lili fear: Meghan Markle is reportedly worried about the long-term impacts of her childrens’ separation from their father’s ...
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US, UK unveil sweeping sanctions against Iran's military drone program. Explore Iran local news alerts & today's headlines geolocated on live map on website or ...
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Man who set fire to UK mosque worshippers indefinitely detained: A man who set fire to two men as they left mosques in Britain last year was sentenced to ...
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UK inflation falls less than expected to 3.2% in March: Rate continues to drop but economists had forecast a decline to 3.1%
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Paid articlePaidQuick Glance: Powell Warns of Lack of Progress on Inflation
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- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
Record ocean warming adds to dangers for native fish species, environment chief warns
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Crypto miners hoard bitcoin as supply cut looms: Digital assets market prepares for 50% drop in reward for verifying bitcoin transactions
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Israel says will make its 'own decisions', hints at inevitable response to Iran attacks
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Quick Glance: Israeli Push for Sanctions Against Iran Amid ‘Diplomatic Offensive’
- Israel has launched a “diplomatic offensive” against Iran, urging sanctions against the Islamic republic.
- Israeli Foreign Minister Israel Katz has called on 32 countries to impose sanctions on Tehran as Israel considers a military response to Iran’s attack.
- Israeli military sources reported intercepting 99 percent of aerial threats with assistance from the United States and allies, causing only minor damage.
- Tensions are high as Israel ponders its reaction to Saturday's attack while Germany calls for new sanctions related to Iran's drone supply to Russia for use in Ukraine.
Hunt says Thames Water must ‘sort out’ its own issues : Chancellor says UK government will never insure investors against poor decisions
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Is India’s BJP the world’s most ruthlessly efficient political party?: Prime Minister Narendra Modi’s party has built one of the most formidable electoral ...
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David Cameron holding talks in Israel to urge against war with Iran: The UK foreign secretary is expected to urge the Israeli government to avoid further ...
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Quick Glance: Israel artist calls for Gaza ceasefire
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- Ruth Patir’s video installation called (M)otherland was scheduled to open on Saturday at Israel’s national pavilion at the international art show but will remain closed for now.
- Patir stated on her website that the artist and curators are showing solidarity with the families of the hostages and the large community in Israel calling for change, rather than canceling themselves or the exhibition.
- It is believed that there are still individuals in Gaza, including 129 captives taken during the attacks led by Hamas on Israel on October 7, with 34 of them presumed dead.
Israelis have decided to retaliate against Iran, says UK's Cameron: Israel has clearly decided to retaliate against Iran for missile and drone attacks ...
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Quick Glance: The Night Iran's Missile Show Rattled Israel
- In Tehran, 'Operation True Promise' launched an unprecedented aerial assault on Israel.
- The direct clash between powerful militaries showcased Israel's defense and Iran's display of power.
- Despite minor damages and injuries, the question remains whether this attack signifies further escalation or the start of a war.
- The missile and drone strikes resulted in minimal damage, with Israel and allies successfully intercepting most projectiles.
Rishi Sunak's smoking ban clears first hurdle. Here's what it entails and who will be affected
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Quick Glance: UK Lawmakers Support Groundbreaking 'Smoke-Free Generation' Bill
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- The bill also includes measures to crack down on youth vaping, such as banning the sale of cheap disposable vapes and restricting their flavors to prevent children from becoming addicted to nicotine.
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UK says Israel has decided to respond to Iran attacks amid fears of escalation : United Kingdom Foreign Secretary David Cameron said Wednesday that Israel has ...
thehill.com/policy/international/4600926-uk-says-israel-decided-respond-iran-attacks-amid-fears-escalation/
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ITV winner 'devastated' after disabled dog banned from trip: Saturday Night Takeaway winner Tammie Fox has blasted TUI for barring her paralysed dog from a ...
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UK and US hit Iran with new sanctions in wake of attack on Israel: The Foreign Office sanctioned seven individuals and six entities involved in Tehran’s drone ...
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Quick Glance: Record: Germans Hold 7716 Billion Euros in Wealth
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- Household net wealth increases by 244 billion euros to 5560 billion euros.
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Beating children - Pediatricians call for ban in England and Northern Ireland: Beating children is now banned in Wales and Scotland. Doctors are now demanding ...
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How London Became a ‘Hot Spot’ for Threats Against Iranian Journalists: Iranian reporters and broadcasters in Britain have suffered physical attacks ...
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Cheers to Posh at 50: Victoria Beckham is the ultimate grafter: She’s been plugging away since Wannabe was a hit when she was 18 and enters her sixth decade as a ...
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Baby died at nursery after being 'left strapped face-down to bean bag': Kate Roughley, 37, denies the manslaughter of nine-month-old Genevieve Meehan.
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European stocks suffer worst day in nine months : Strength of US economy prompts investors to scale back expectations for rate cuts
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The Case for Progressive Realism: Why Britain Must Chart a New Global Course: Why Britain must chart a new global course.
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Live updates: Israel weighs response to Iran as war devastates Gaza: Israeli Prime Minister Benjamin Netanyahu said Israel will make its "own decisions" on ...
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Vix ‘fear gauge’ soars on Middle East tension and interest rate shift: Volatility index at highest since October as investors step up protection against downside ...
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Brits want to ban smoking completely: In the UK, the minimum smoking age is to be raised year on year so that today's 15-year-olds will no longer be allowed to ...
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If the Reserve Bank were a football coach, it would have been sacked eons ago: The bank’s job is to hold inflation between 2 and 3 per cent. Since mid-2014 ...
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Eva Okaro becomes first black female swimmer to compete for Great Britain in pool at Olympics
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Ukraine warns of WW3 ahead of long-stalled Congress aid vote: Denys Shmyhal tells the BBC his country desperately needs the US to approve long-stalled security ...
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Smoking among middle-class women in England up by 25% in 10 years – study: Rate for better-off 18 to 45s rose from 12% to 15% but fell 24% for working class ...
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Quick Glance: New Measures Against Iran and Escalation in West Bank
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Sunak has weakened his position over smoking ban, Tories warn: Kemi Badenoch has come under fire for voting against the legislation
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reuters.com/world/uk/britain-condemns-west-bank-killings-calls-restore-calm-2024-04-16/
UK politicians urge Rishi Sunak to ban Iran's Islamic Revolutionary Guard Corps
middleeasteye.net/news/uk-mps-urge-rishi-sunak-ban-irans-islamic-revolutionary-guard-corps
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