Newsletter Sep 26, 2022
Britain's Labour pitches itself against tax cuts for the wealthy

Keir Starmer, leader of Britain's Labour Party, on Sunday pledged to reverse the abolition of the top rate of income tax, saying tax cuts for the wealthy wouldn't create economic growth as he made a pitch for power at his party's annual conference.




Sterling collapses as investors fly into dollars

Sterling slumped to a record low on Monday as investors piled in to dollars and out of almost everything else, spooked by the prospect of high interest rates and poor growth ahead.


 
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Taking aim at government, UK's Labour unveils national wealth fund plan

Britain's Labour Party will unveil on Monday its plans to set up a national wealth fund to invest in green projects which will benefit the public, part of the opposition party's answer to the Conservative government's tax-cutting approach.

UAE agrees to supply Germany with gas, diesel as Scholz tours Gulf

Scholz signed the deal while on a Gulf tour that took him to the UAE, Saudi Arabia and Qatar hunting for new energy sources.

France's TotalEnergies injects further $1.5 bn into Qatar gas

Britain's Shell, Italy's ENI and US giants ConocoPhillips and ExxonMobil have already signed up to be part of North Field East.

Netflix and Disney poised to shake up TV ad world

Insider Intelligence analyst Ross Benes estimates that advertising revenues from streaming could reach $30 billion in two years in the United States alone.

Police clash with Iran protesters in London and Paris

Similar rallies in support of Iranian women have occurred around the world.

US warns Russia of 'castastrophic' consequences of nuclear strike

Russia and the United States are the world's largest nuclear weapons powers, but separate from the threats of planetary destruction, Russian military doctrine permits the use of tactical nuclear weapons on the battlefield to force an enemy to retreat.

Croatia, Netherlands into Nations League semi-finals as France survive relegation

Les Bleus lost 2-0 in Denmark to finish with just one win from their six group games, but Croatia's 3-1 win at Austria saved the world champions from the drop.

King Charles faces battle to win over UK black community

At her death, the queen was head of state of 14 countries outside Britain, including nations in the Caribbean exploited by the slave trade.

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