Newsletter Aug 19, 2022
UK opposition Labour Party wants parliament recalled over energy price cap

Britain's opposition Labour Party said parliament should be recalled on Monday to freeze energy bills for the winter as the country deals with the worst cost-of-living crisis in decades.


 
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UK consumer sentiment hits record low as inflation soars - GfK

British households are feeling "a sense of exasperation" about the surging cost of living which has pushed consumer sentiment to its lowest since at least 1974, according to the country's longest-running survey of household finances.


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UK budget think tank warns future PM against big tax cuts

Britain's next prime minister will not have room to make large, permanent tax cuts, the Institute for Fiscal Studies said on Thursday, challenging the plans of the two Conservative candidates vying to succeed Boris Johnson as prime minister.

In UK, workers strike as inflation crushes earnings

Britain's workers are striking in vast numbers as decades-high inflation erodes the value of wages at a record pace.

UK's Liz Truss would review financial watchdogs' roles, says source

Liz Truss wants to examine the roles of the country's three financial regulators as part of a review.

Oil prices fall but inflation stays high

Oil prices are set in dollars, so any rise in the currency makes barrels more expensive for importers using other currencies.

U.N. chief, in Ukraine, seeks to secure nuclear plant and explore peace talks

The U.N. chief and the presidents of Turkey and Ukraine discussed ways to end the war started by Russia and secure Europe's largest nuclear power station, which has come under shelling at the front lines.

Germany to fall short of gas stock targets: regulator

The head of Germany's energy regulator said on Thursday that the country would almost certainly fail to meet its gas reserve targets in the face of a Russian supply squeeze.

UK pet owners face grim choices amid soaring costs

Unable to afford the cost of cremation for his much-loved dog Khan under the weight of sharply increasing living costs, David Mcauliffe turned to a social media group offering help for under-pressure pet owners.

Dutch refugee council sues state over 'inhumane' asylum centres

Teenager Munasar Muhidin says he fled Somalia in 2020 after Islamist militants killed most of his family and that his brother died trying to get to Europe.

Europe divided over banning Russian tourists

Ukraine is pressuring the EU to bar Russian tourists from entering the bloc but has met varying responses.

Starbucks ordered to reinstate workers fired amid union campaign

A U.S. judge ordered Starbucks Corp to reinstate seven employees at a Memphis, Tennessee, cafe on Thursday who were allegedly fired for supporting a union organizing campaign, as the company seeks to halt pending nationwide union elections.

Facebook bans major US anti-vaccine group

The Children's Health Defense (CHD), which has been a critic of Covid vaccines, immediately accused Meta of stifling its free speech rights.

Musk targets ad tech firms in Twitter suit over takeover deal

Billionaire entrepreneur is seeking documents from advertising technology firms as part of his quest to gain more information on bot and spam accounts on Twitter.

Apple warns of flaw that lets hackers into iPhones, Macs

Patches were released Thursday and Wednesday by the tech titan to fix what it described as a vulnerability hackers already knew about and may be taking advantage of.

Wildfires in Portugal, Spain contained

Massive wildfires in Portugal and Spain were largely under control Thursday after forcing thousands from their homes and destroying large swathes of land.

 
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