Newsletter Jul 20, 2022

Britain kicks off post-Brexit 'transformation' of finance

British financial regulators will have to promote the global competitiveness of the country's financial sector, though a plan for more government oversight of their work has been put on hold for now, finance minister Nadhim Zahawi said on Tuesday.

Sunak tops Tory MPs' latest vote as race narrows to three

Britain's former finance minister Rishi Sunak again topped the latest vote by Conservative MPs to choose a new prime minister, as another candidate was eliminated to leave three contenders in the race.

UK officials warned government not to pursue Rwanda deportation plan, court told

British officials repeatedly warned the government not to pursue its plan to send migrants to Rwanda and the country was initially excluded from the shortlist of partner countries because of human rights concerns, London's High Court was told on Tuesday.

Half of Britons changing food-buying habits to cope with cost-of-living crunch

Almost half of Britons are changing what they buy to feed their families as they try to navigate a worsening cost-of-living crisis, according to survey data published on Wednesday.

UK pay settlements hold at 4%, highest since 1992 - XpertHR

British employers agreed average pay rises of 4% with their staff in the three months to the end of June, the joint-highest since 1992 but falling further behind inflation, industry data showed on Wednesday.

After Warmest Night, Britain Braces For Record Temperature

Britain was bracing for temperatures to hit 40C for the first time on Tuesday after it recorded its warmest night on record, forcing train services to stop, some schools to close and zoos to feed animals with large ice lollies.

Britons desperate to cool off as mercury hits historic 40C

In parliament, the strict dress code was even relaxed, with male MPs allowed to take off their jackets.

Climate deniers sow weather-map heatwave misinfo

During the two recent heatwaves in Europe, users in various countries and languages misleadingly juxtaposed weather maps, sometimes taken from different media organisations at non-comparable dates.

Britain isn't built to withstand 40°C – here is where infrastructure is most likely to fail

Building a net zero country demands not only a transition to zero-carbon technologies, but adapting existing infrastructure to withstand the challenges of climate change.

SAS Confirms Deal Reached With Pilots' Unions, Ending 15-day Strike

SAS and pilot unions have reached a wage deal, the Scandinavian airline confirmed on Tuesday, ending a 15-day strike over a new collective bargaining agreement that had grounded 3,700 flights and put the carrier's future in doubt.

South Korea's Yoon Says Shipyard Strike Unacceptable, Signals Intervention

A strike by contract workers at Daewoo Shipbuilding & Marine Engineering (DSME) is unacceptable, South Korean President Yoon Suk-yeol said on Tuesday, raising the prospect that his government could use force to break it up.

Indian Rupee Breaches 80 Per Dollar, Hits New Record Low

Indian rupee breaches 80 per dollar, hits new record low

Yellen Vows Tough U.S. Measures Against Countries Abusing Economic Order

The United States will impose harsh consequences on countries that break the international economic order, Treasury Secretary Janet Yellen said on Tuesday.

Cryptoverse: Holding Your Breath For A Bitcoin Bounce

If you're waiting for a bitcoin recovery, you may have to sweat it out for months. That's the conclusion of some technical specialists seeking method from the madness.

Court Battle To Open In Musk, Twitter Buyout Fight

Court battle to open in Musk, Twitter buyout fight

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