Newsletter Aug 10, 2022
UK meteorologists, water firms issue warnings as extreme heatwave looms

The sweltering conditions come just weeks after the last heatwave pushed the mercury over 40 degrees Celsius (104 degrees Fahrenheit) for the first time in Britain.


 
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Exclusive-Bank of England would sell gilts even if it cuts rates in future, Ramsden says

The Bank of England would press on with plans to gradually sell its vast stock of British government bonds even if an economic slowdown eventually forces it to cut interest rates, Deputy Governor Dave Ramsden said.


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Furlough had a protective effect on mental health – but it wasn't as good as working

There's good evidence for the connection between continuous employment and positive mental health, while job loss and unemployment have detrimental effects on a person's mental wellbeing.

Exclusive - Heathrow owner Ferrovial studies options for stake in Britain's biggest airport - sources

Spain's Ferrovial is looking at options for its 25% stake in London's Heathrow, two sources told Reuters, and has held preliminary talks with external advisers on the future of its holding in Britain's biggest airport.

Oil prices dip after industry data shows U.S. crude stockpiles rising

Oil prices edged lower on Wednesday, after industry data showed U.S. crude inventories unexpectedly rose last week, signaling a potential hiccup in demand.

China's Lenovo reports flat revenue, weakest in eight quarters

Lenovo Group, the world's biggest maker of personal computers, reported flat revenue for the April-June quarter when many Chinese cities were hit by COVID-19 lockdowns, marking its most subdued result in eight quarters.

Castlefield Viaduct: Manchester's new park in the sky could transform the city – but who will benefit?

Access to green and open space is urgently needed in central Manchester.

UK issues new 'extreme heat' warning for England and Wales

Britain's weather service on Tuesday issued an amber "Extreme Heat" warning for parts of England and Wales.

Exclusive: Bank of England will probably need to raise rates again, Ramsden says

The Bank of England will probably have to raise interest rates further from their current 14 year-high to tackle inflation pressures that are gaining a foothold in Britain's economy.

Markets mostly up as focus turns to inflation data

Most markets rose Tuesday but investors moved cautiously ahead of US inflation data later in the week.

Cryptoverse: Blockchain bridges fall into troubled waters

Another day, another hack - and another blockchain bridge burned.

Commonwealth Games chief looks to bright, 'edgy' future

The Commonwealth Games must be "modern and edgy" to stay relevant to a young audience, according to federation chief Katie Sadleir.

Tourist boats marooned, farm land parched as drought lowers Europe's rivers

Business for Francoise Droz-Bartholet has reduced to a trickle, just like stretches of the Doubs River straddling the French-Swiss border that her cruise boats usually ply.

Cache of jewels, coins and gems recovered from 17th century Spanish shipwreck

A team of explorers has been able to unearth a treasure trove of jewels, gold coins and gems from the wreckage of a Spanish galleon.

Tennis-Serena Williams to retire from playing after U.S. Open

American great Serena Williams said on Tuesday she was "evolving away from tennis" and planned to retire from the sport she dominated with 23 Grand Slam titles following the U.S.

 
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