Newsletter Aug 29, 2022
Truss tipped to prevail as UK leadership race nears end

An estimated 200,000 Tory grassroots have been able to vote since earlier this month for their preferred candidate, before postal and online ballots close on Friday.


 
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Dollar gains as investors brace for higher rates

The U.S dollar extended its rally on Monday, hitting a five-week high on the yen after U.S.


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Oil mixed as OPEC supply cut prospect offsets demand fears

Oil prices were mixed on Monday as investors balanced expectations the OPEC will cut output to support prices against concerns sparked by Federal Reserve Chairman Jerome Powell saying the United States will face slow growth "for some time".

Strike cancels 60 flights at Portugal's Lisbon airport

Around 60 flights were cancelled at Lisbon airport on Sunday, the last day of a strike by handling workers that has brought more disruption to summer travel at Portugal's main airports since Friday, data from national airports operator ANA showed.

ECB policymakers make the case for a big rate hike

European Central Bank policymakers made the case on Saturday for a large interest rate hike next month as inflation remains uncomfortably high and the public may be losing trust in the bank's inflation-fighting credentials.

Europe electricity prices soar as tough winter looms

European electricity prices soared to new records on Friday, presaging a bitter winter as Russia's invasion of Ukraine inflicts economic pain across the continent.

'Quiet quitting' raising a din in stressful US workplaces

Similar dynamics helped fuel the "Great Resignation" -- the surge in employees leaving or switching jobs amid pandemic-related pressures.

Popes who resign are humble, Francis says in central Italy visit

Pope Francis, who has often said he may step down in the future if bad health impedes him from leading the Catholic Church, on Sunday praised the humility of one of the few popes in history to resign willingly instead of ruling for life.

Finns urged to take fewer saunas amid energy crunch

Finns are being urged to turn down their thermostats this winter, take shorter showers and spend less time in their beloved saunas.

Dutch PM 'ashamed' of asylum failings as MSF steps in

Dutch Prime Minister Mark Rutte on Friday said he was "ashamed" of problems at the country's centre for processing asylum requests as humanitarian group Medecins sans Frontieres sent in a team to assist with migrants' medical needs.

NASA shoots for the Moon, on its way to Mars

Hotels around Cape Canaveral are booked solid with between 100,000 and 200,000 spectators expected to attend the launch.

 
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