Newsletter Aug 12, 2022
Ladbrokes owner Entain buys into Europe as gambling pays dividends

British betting group Entain said it would buy Croatia's SuperSport Group for 600 million pounds ($731 million) in cash on Thursday after the owner of Ladbrokes, Coral and Bwin reported a 20% increase in half-year profit.


 
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Gordon Brown economics versus Liz Truss tax cuts: a new twist in the battle to resolve the UK's cost of living crisis

Rapidly rising global energy prices could see Great Britain's energy price cap (the maximum amount consumers can be charged) rise to £3,582 at the end of August.


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Britain and regulators square up over post-Brexit financial reform

Britain's government proposed a far-reaching financial services law last month to exploit "freedoms" to write its own capital market rules since leaving the European Union.

Source of Britain's River Thames driest ever as drought nears

The source of the River Thames has dried up further downstream than ever before, as England looks set to enter a drought that some experts say the country is unprepared for.

'Extreme' weather warning in force in Britain as new heatwave hits

A four-day "extreme heat" warning came into force in parts of England and Wales on Thursday.

Alleged British IS 'Beatle' appears in court after arrest in UK

A British man accused of being part of an Islamic State (IS) kidnap-and-murder cell known as the "Beatles" appeared in court in London.

U.N. chief urges demilitarized zone around Ukraine nuclear power plant

U.N. chief Antonio Guterres on Thursday called for military activity around Ukraine's Zaporizhzhia nuclear power complex to end as Moscow and Kyiv blamed each other for a renewed shelling and the U.N.

OPEC, unlike IEA, sees lower 2022 oil demand growth

OPEC on Thursday cut its 2022 forecast for growth in world oil demand for a third time since April, citing the economic impact of Russia's invasion of Ukraine, high inflation and efforts to contain the coronavirus pandemic.

Low Rhine deepens Germany's energy crisis

A hot, dry July made worse by climate change has raised the risk that the German economy could run aground as sinking Rhine waters make shipping along the river harder.

EV maker Rivian's losses nearly triple to $1.7 bn as production ramps up

Rivian blamed its losses on investments in people and technology, along with auto production lines capable of cranking out lots of cars running at low capacity.

Seoul seeks to ban basement flats after flooding deaths

Around 200,000 households live in such flats, which make up around five percent of housing stock in the South Korean capital, according to official figures.

 
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