Newsletter Sep 16, 2022

King Charles travels to Wales ahead of 'Princes Vigil' for queen

The so-called Vigil of the Princes, with all four royals in ceremonial military uniform, will last for 15 minutes from 1830 GMT.

Oil extends losses on recession fears

Oil prices dipped in early trade on Friday, extending the week's losses as concern over tight supply was outweighed by escalating fear of sharp interest rate hikes slamming global growth and hitting fuel demand.

S&P 500 futures drop after FedEx stokes fears about economy

S&P 500 futures fell on Thursday, suggesting traders expect Wall Street to open down in its next session, after FedEx withdrew its financial forecast and added to worries about a slowing global economy.

Britain draws pride from 'The Queue' for their queen

Orderly and good-natured, the enormous waiting line to see Queen Elizabeth II's coffin is being hailed as a triumph of Britishness in a country that prides itself on its queueing finesse.

Princess Catherine, the commoner who is key to British monarchy

Kate Middleton, wife of the new heir to the throne Prince William, has grown from a commoner who captivated the future monarch to the beating heart of the British royal family, as it faces a future without the beloved queen at its helm.

Bank of England and new UK government risk policy clash

The Bank of England and Britain's new finance minister Kwasi Kwarteng will test their ability to jointly manage the economy next week, with the BoE set to raise interest rates to fight inflation and Kwarteng eyeing tax cuts which could stoke prices.

EU lawmakers raise pressure to cut funds for Hungary over graft woes

A large majority of European Union lawmakers voted on Thursday to condemn damage to democracy in Hungary under veteran Prime Minister Viktor Orban, stepping up pressure on the bloc to cut funding for the ex-communist country.

Porsche IPO to comprise 911 million shares in nod to its most famous model

Volkswagen's supervisory board is due to meet on Sunday to move forward with the IPO of its Porsche brand, which will comprise 911 million shares in a nod to its most famous model, two sources close to matter said.

Shell CEO to step down, hand reins to renewables chief

Shell on Thursday announced the exit of chief executive Ben van Beurden as the British oil and gas giant looks to reinvent itself under group renewables boss Wael Sawan.

Consumer group says drugmakers abuse U.S. patent system to keep prices high

Makers of the top selling drugs in the United States are costing patients billions of dollars and worsening a drug pricing crisis by abusing the U.S.

WHO 'strongly advises against' use of two COVID treatments

Two COVID-19 antibody therapies are no longer recommended by the World Health Organization (WHO), on the basis that Omicron and the variant's latest offshoots have likely rendered them obsolete.

YouTube, Meta will expand policies, research to fight online extremism

Major tech companies on Thursday committed to taking fresh steps to combat online extremism by removing more violent content and promoting media literacy with young users, as part of a White House summit on fighting hate-fueled violence.

Premier League to pay tribute to queen in reduced schedule

The football authorities were met with criticism from fans' groups after matches at all levels were called off at short notice last Friday in the wake of the Queen's death.

Legend Federer hails 'incredible adventure' as he announces retirement

The 41-year-old winner of 20 Grand Slam titles has been out of action since a quarter-final loss at Wimbledon in 2021, after which he underwent his third knee surgery in 18 months.