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Showing posts from June, 2021

Donald Rumsfeld: Ex-US defence secretary dies aged 88

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Reuters Former US Defence Secretary Donald Rumsfeld, one of the main architects of the Iraq war, has died at the age of 88. Serving under President George W Bush, he was a leading proponent of the administration's "war on terror". US forces launched a campaign in Afghanistan after the 9/11 attacks and invaded Iraq in 2003. Mr Rumsfeld resigned in 2006 amid the fallout of the conflict, but always defended his record. Reacting to the news, President Bush described him as "a very good man" and an "exemplary public servant" who "never flinched from responsibility". Mr Rumsfeld's family said he died at home in the town of Taos, New Mexico, on Tuesday. Obituary: Donald Rumsfeld "It is with deep sadness that we share the news of the passing of Donald Rumsfeld, an American statesman and devoted husband, father, grandfather and great grandfather," they said in a statement. A statement...

William and Harry to unveil Diana statue at Kensington Palace

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Reuters The Dukes of Cambridge and Sussex will meet later to unveil a statue of their mother, Diana, Princess of Wales, on what would have been her 60th birthday. The event will be William and Harry's first appearance together since the Duke of Edinburgh's funeral in April. Commissioned by the brothers in 2017, the statue will stand in Kensington Palace's redesigned Sunken Garden. At the time, they said they hoped it would help visitors to the palace "reflect on her life and her legacy". Harry, who lives in the US with his wife, the Duchess of Sussex, and their two children, arrived in the UK last week in order to complete his quarantine ahead of Thursday's event. On Wednesday, he paid surprise visit to children's charity WellChild's awards ceremony for seriously ill children in the UK. What next for William and Harry's relationship? Harry: Heavy drinking masked pain of mum’s death Who's in the UK Roy...

New Zealand Dollar Forecast: Covid Resurgence Puts Sentiment to Test

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New Zealand Dollar, NZD/USD, Delta Variant, Travel Bubble -Talking Points Asia-Pacific traders taking cautious approach as Covid risks reemerge New Zealand building permits drop for first time since February in May NZD/USD trades largely unchanged after a bout of weakness last week Thursday’s Asia-Pacific Outlook Asia-Pacific markets may see a neutral open as a stronger US Dollar weighs on risk-sensitive currencies such as the Australian Dollar and New Zealand Dollar . Market sentiment has held up fairly well in the face of the quickly spreading Delta Covid variant, although traders are keeping a close eye on the strain’s impacts across major economies. The region’s economic recovery showed a small road bump on Wednesday when China reported a slight decline in its factory activity. While the manufacturing purchasing managers’ index (PMI) for June via the National Bureau of Statistics (NBS) beat expectations, it saw a decrease from the prior month. However, a highlight in the...

IPO Report: Krispy Kreme prices IPO at $17 a share, well below range

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Krispy Kreme Inc. priced its initial public offering at $17 a share late Wednesday, significantly below their expected range of $21 to $24 a share. The doughnut chain plans to sell 29.4 million shares, raising about $500 million. Shares are expected to begin trading Thursday on the Nasdaq under the ticker symbol “DNUT” DNUT . Adblock test (Why?) July 01, 2021 at 10:34AM Mike Murphy http://www.marketwatch.com/news/story.asp?guid=%7B20C05575-04D4-B545-74EC-F82469D0461D%7D&siteid=rss&rss=1

Bill Cosby freed after top court overturns sexual assault conviction

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Getty Images US comedian Bill Cosby has left prison hours after his sexual assault conviction was overturned by Pennsylvania's Supreme Court. The judges said there had been a "process violation" by the prosecution, but admitted their ruling was unusual. Mr Cosby, 83, served more than two years of a three to 10-year sentence at a state prison near Philadelphia. In 2018 he was found guilty of drugging and molesting ex-basketball player Andrea Constand. Mr Cosby is best known for starring in the 1980s TV series The Cosby Show and was once known as "America's Dad". Dozens of women have publicly accused Mr Cosby of sexual assault, but he was only tried criminally for the incident against Ms Constand. His conviction in 2018 was widely seen as a landmark moment in the #MeToo movement. In a verdict issued on Wednesday, Pennsylvania's highest court found there was a "process violation" because Mr Cosby's lawyer...

Covid: NHS plans booster jab for those 50 and over before winter

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Getty Images The NHS has been given the green light to start planning a Covid vaccine booster programme in the UK ahead of this winter. A bigger flu season than normal is expected, meaning extra protection against Covid is likely to be needed. More than 30 million of the most vulnerable should receive a third dose, vaccine experts are advising. They will include all adults aged 50 and over, and anyone younger who qualifies for a flu jab. Health service bosses had previously said they needed lots of warning of an autumn Covid-19 booster rollout in order to plan the logistics alongside vaccinating millions of people against flu. Interim advice from the Joint Committee on Vaccination and Immunisation (JCVI) is that boosters will help maintain protection against Covid-19 and new variants for those most at risk, before winter comes. How many people have been vaccinated so far? Can you get your vaccine without an appointment? Do you still need to se...

Gap to close all 81 stores in UK and Ireland

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PA Media US fashion giant Gap has confirmed it plans to close all its 81 stores in the UK and Ireland and go online-only. The firm said it would close all its stores "in a phased manner" between the end of August and the end of September. This includes 19 stores that were already scheduled to close in July as their leases were expiring. The company has not disclosed how many employees the closures will affect, but will shortly start a consultation process with the staff. The firm said it was "not exiting the UK market" and would continue to offer a web-based store when all the shops had closed. A Gap spokesperson said the decision followed a strategic review of its European business. As a result, Gap is also looking to offload its stores in France and Italy. Global reach The company said it was in negotiations with another firm to take over all of its French stores. In Italy, Gap said it was in discussions with a p...

Mexican Peso Short-Term Outlook Hinges on NFP Data, Levels to Watch in USD/MXN

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MEXICAN PESO KEY POINTS: USD/MXN price action has remained subdued in the last few days ahead of a key holiday in the United States. U.S. NFP data on Friday, however, could spark volatility in the FX market In this article we analyze the main technical levels to watch in the USD /MXN for the rest of this week. Advertisement Most read: How does NFP data can affect FX markets and how to trade it smartly? After the big gain in the Mexican peso provoked by Banxico's rate hike surprise , volatility has decreased in USD/MXN exchange rate as of last Friday, with price action stuck in the 19. 70 -19. 95 range since that day. The s leep-inducing market condition can be attributed to the quieter summer trading season in the northern hemisphere and the upcoming long weekend in the United States to commemorate Independence Day (investors go on vacation around these days) . Many traders are also staying on the sidelines and deliberately avoiding taking large directional po...

: This is the No. 1 reason unemployed Americans aren’t looking for work

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Amid a record number of job openings, Americans are taking their time looking for work, with only about 10% of job seekers actively searching for a new gig. And the top reason unemployed people are hesitant to join the workforce is fear of contracting COVID-19. Some also say a financial cushion has bought them the gift of time in their job search. That’s according to a survey of 5,000 U.S. adults conducted May 26 through June 3 by the job-listing website Indeed. The survey included both unemployed people and people who have a job. The survey comes as more than 9 million jobs sit unfilled in the U.S., and a record number of workers are quitting, according to the most recent figures from the Bureau of Labor Statistics.   Meanwhile, as businesses say they can’t find enough workers, Republican governors in several states have cut the enhanced unemployment benefits that went into effect when the U.S. was first in the grip of the coronavirus pandemic.  The hope is that endi...

Euro 2020: FA in talks over tickets for Italy-based England fans

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The FA are in talks with UEFA to try to sell their ticket allocation for Saturday's Euro 2020 quarter-final to England fans based in Italy. After an historic win against Germany, England will take on Ukraine in Rome. Covid travel restrictions mean the FA has already decided not to sell tickets through their normal channels . However, UK nationals living in Europe are able to travel without quarantining as long as they have proof of full vaccination or a negative test. The FA has been allocated 2,560 tickets for Saturday's match, which equates to 16% of the agreed capacity of 16,000 at the Stadio Olimpico. Current rules state that UK passengers travelling to Italy must provide proof of a negative coronavirus test taken 48 hours before travelling and then isolate for five days. On Tuesday evening, there were jubilant scenes at Wembley as Gareth Southgate's side beat Germany 2-0 in front of 41,973 fans, while a peak TV audience of 20.6...

Williamson wants to stop sending school bubbles home

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PA Media Education Secretary Gavin Williamson says he wants the school "bubble" system in England removed as soon as possible, as rising numbers of pupils are being sent home to isolate. This could happen alongside the next step of the roadmap for unlocking the country from the pandemic, he told MPs. But Labour warned that schools needed immediate action to avoid "chaos" in the last weeks of term. Official figures this week showed over 375,000 children have been sent home. A Downing Street spokesman declined to say whether bubbles would be scrapped, either in September or as part of changes to restrictions potentially from 19 July. Head teachers' leader Paul Whiteman said schools needed to be told how "alternative arrangements would work". On Wednesday the UK reported another 26,068 Covid-19 cases - the highest daily figure since January 29. Another 14 deaths within 28 days of a positive test were also report...