Newsletter Aug 24, 2022
UK economy slows as factories report output slump

Britain's private sector slowed to a crawl in August as factory output fell and the larger services sector eked out only a modest expansion, adding to signs that recession may be looming, a closely watched survey showed on Tuesday.


 
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Kenyans taking UK to EU court over colonial-era abuses

They took their case to the UN, where a panel of special investigators in 2021 expressed "serious concern" at the UK's failure to offer a public apology or acknowledge their share of responsibility for these colonial-era abuses.


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World at rising risk of recession as inflation hits consumers

The global economy is increasingly at risk of sliding into recession, surveys showed on Tuesday, as consumers faced with generation-high inflation rein in spending while central banks are tightening policy aggressively just when support is needed.

Brazil too important a food producer to depend on fertilizer imports, industry says

Global fertilizer companies operating in Brazil can increase local output of important crop nutrients if the government continues to improve the regulatory framework for the sector, industry representatives said on Tuesday.

Germany, Canada partner on transatlantic hydrogen trade

In a joint declaration, Trudeau and Scholz outlined plans to "kickstart the hydrogen economy and to create a transatlantic supply chain for hydrogen."

Celsius crypto lender, now bankrupt, sues ex-money manager over alleged theft

Celsius Network LLC on Tuesday sued a former investment manager, accusing him of losing or stealing tens of millions of dollars in assets before the crypto lender went bankrupt last month.

TikTok stars boycott Amazon in activism push

The coalition is pushing for the firm's workers to get a minimum hourly wage of $30, improved medical leave and easing of productivity requirements.

Auld reekie: Edinburgh bin strike leaves a bad smell

Cleaning staff working for Edinburgh City Council went on a 12-day strike last Thursday after rejecting a 3.0 percent pay offer which it called "derisory" in the current economic climate.

Europe facing its worst drought in 500 years: Study

Europe is facing its worst drought in at least 500 years, with two-thirds of the continent in a state of alert or warning.

Lamborghini has already sold all its cars until 2024

Italian sports car maker Lamborghini has already pre-sold the entire production run to early 2024.

Pope further tightens controls, centralisation of Vatican finances

Pope Francis on Tuesday acted to eliminate wiggle room or foot- dragging by Vatican departments in imposing tighter financial controls, setting a deadline for the closing of investment portfolios in foreign banks, including in Italy.

UK spies accused over arrest of Sikh blogger in India

Human rights groups on Tuesday said UK intelligence agencies may have shared information with India that led to the arrest and torture of a Sikh blogger from Scotland.

Long COVID: why it's so hard to tell how many people get it

Vaccination status, treatments that reduce the risk of severe disease in COVID patients (like antivirals) and the variant that caused the initial infection may all affect a person's risk of long COVID.

Drought uncovers dinosaur tracks in US park

Most of the recently revealed tracks were made by Acrocanthosaurus, which weighed nearly seven tons (6,350 kilograms) as an adult and stood 15 feet (4.5 meters) tall.

 
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