Oil Heads for Weekly Loss as China Concerns and Rate Angst Flare
Oil headed for its first weekly loss since June as concerns over economic weakness in China and potentially
2023-08-18 08:18
UK Says Banks Face Fines If They Don’t Give Easy Access to Cash
Rishi Sunak’s government said UK banks could face fines if they don’t preserve easy and free access to
2023-08-18 05:58
Channel migrants: France arrests four people over fatal sinking
The suspects have been charged with involuntary manslaughter after six people died last weekend.
2023-08-18 04:57
2023 FIBA World Cup: 5 best international players in the tournament
It's time to stop talking about who won't be at the FIBA World Cup and start talking about who will. Plenty of NBA stars will be on display in the Philippines this summer.There's no need to lie, there is currently not a single country capable of winning the FIBA World Cup that is ...
2023-08-18 00:57
Ukraine already preparing for “worst-case scenario” winter siege, says UK
Ukraine is already stockpiling fuel ahead of another challenging winter under siege from Russia, the UK’s Ministry of Defence said on Thursday. The ministry said in its intelligence report that “despite the consistent pressures of war, Ukrainian efforts to build up fuel stockpiles will likely be successful in ensuring that it will have sufficient fuel reserves during the approaching winter period.” It also noted that “Ukraine has been effective in mobilising its mining sector to maintain output, ensuring a continuous supply of coal is available for thermal power and heating plants in the winter, with substantial gas stocks providing a further reserve”. “Despite Russian attacks on Ukraine’s energy infrastructure likely continuing this winter, Ukraine demonstrated last winter that it has the skilled workforce and expertise needed to operate and maintain the power network, even in wartime conditions,” it further noted in the defence intelligence report. Even as British analysts acknowledged the likelihood of Russia resuming attacks on Ukraine’s energy infrastructure in winter, they highlighted the country’s ability to sustain its power network in the face of wartime challenges, the Kyiv Independent reported. In the winter of 2022-2023, Russian forces attempted to severely damage Ukraine’s power network through extensive attacks. Despite this, prime minister Denys Shmyhal reported that substantial repairs have been carried out, restoring 80 per cent of the primary power grids and high-voltage stations affected by the assaults. On 15 November last year, Mr Shmyhal pointed out that Moscow had launched approximately 100 missiles, primarily targeting the country’s energy infrastructure. Energy minister Herman Haluschenko labelled the attack the “most massive” bombardment of power infrastructure since the beginning of the war. In July this year, infrastructure minister Oleksandr Kubrakov said that nearly 100 per cent of thermal power stations, which had suffered damage from Russian attacks in late 2022 and early 2023, have been successfully repaired. “In general, as of today, the preparation level of utility networks for stable operation in the autumn-winter period of 2023-2024 is roughly 60 per cent,” the minister wrote on social media, adding that Ukraine will be 100 per cent ready in technical terms before the start of the next heating season on 1 October. “We must be prepared for the worst-case scenario, which includes repeated missile and drone attacks on energy infrastructure,” Ukraine’s state energy operator Ukrenergo’s head, Volodymyr Kudrytskyi said in Kharkiv on 27 July, according to Ukrainska Pravda. He continued: “We at Ukrenergo are absolutely certain that our main network will be ready to function without restrictions during the heating season.” However, he also added: “We don’t want to help the enemy understand the power system in detail.” Read More Ukraine’s intelligence service claims responsibility for Crimean Bridge drone attack Staff at Ukraine's experimental nuclear site pick up pieces from Russian strikes A camp teaches Ukrainian soldiers who were blinded in combat to navigate the world again UK inflation falls 1.1% in just one month as Ukraine war energy price crisis starts to ease Wagner mercenaries issue a chilling message on Poland’s doorstep: ‘We are here’
2023-08-18 00:56
European Stocks Fall on Fed Rate Outlook Worries; Adyen Plunges
European stocks extended declines after minutes from the Federal Reserve’s policy meeting in July suggested further interest-rate increases
2023-08-17 22:15
You Don’t Need Your Own Jet to Feel Like You’re Flying Private
At Bloomberg Pursuits, we love to travel. And we always want to make sure we’re doing it right.
2023-08-17 21:45
Handelsbanken First Female CEO Plans to Retire in October 2024
The chief executive officer of Svenska Handelsbanken AB, Sweden’s third largest bank by market value, plans to retire
2023-08-17 20:56
Emerging-Market Credit Risk Jumps as Hawkish Tilt Hits Bonds
The emerging-market selloff that started in equities and spread to currencies this month has now gripped bonds, as
2023-08-17 20:52
India Seeks to Carve Out $12 Billion to Cool Inflation
Indian officials are considering a plan to reallocate as much as 1 trillion rupees ($12 billion) from the
2023-08-17 19:54
Gotthard: World's longest rail tunnel shut for months after freight crash
National Swiss rail operator SBB said a derailed freight train caused severe damage to tracks.
2023-08-17 19:28
Fake signs warning of falling rocks and jellyfish put up on Balearic beaches to deter tourists
Fake signs warning of falling rocks and jellyfish are being put up in Mallorca in a bid to keep British tourists off beaches in the popular holiday hotspot. Alert posters have been put up across the island but include small print in Catalan saying they are not real. “Open beach. Not to jellyfish nor foreigners,” says one. Another in Cala Murta, northwest Mallorca, reads: “Come in. The danger is not of a landslide, it is of overcrowding.” Another bogus sign says that bays are closed to the public or that it takes two hours and 53 minutes to walk to a beach that is in fact just about 100 yards away. The signs were put up by the anti-capitalist activist group Caterva, which hit out at tennis star Rafael Nadal for opening a tourism business and restaurant on the island. The group said in a statement: “Capitalism uses tourism to the extreme to dry out the territory and extract the maximum surplus value from workers. “There are culprits and it is necessary to name them, such as the hoteliers or the Rafael Nadals who are as complicit as the Balearic government.” Located in the western Mediterranean Sea, Mallorca is the largest of Spain’s Balearic Islands and has a local population of about 876,000, about half of whom live in the capital, Palma de Mallorca. Tourism accounts for some 75 per cent of the island’s total economic output. In 2016 about 14 million people visited the island, with German and English tourists making up the bulk of the numbers at 23 per cent and 22 per cent respectively. Last month travellers heading to the popular island were warned of extremely warm conditions as a heatwave gripped vast swathes of southern Europe. Holidaymakers were warned of “extreme risk” in certain parts of the island after temperatures hit 44.8C in Llubi, just north of the Balearic Island’s centre, on 18 July, with a thermal sensation of 48C. Growing mass tourism and the associated increase in demand for water have repeatedly led to water shortages in the past. Read More Police hunt taxi driver after British teenager sexually assaulted in Magaluf Mallorca issues ‘extreme risk’ warning as holiday companies insist normal terms apply for cancellations Tourists are packing European hotspots. And Americans don't mind the higher prices and crowds Police hunt taxi driver after British teenager sexually assaulted in Magaluf Ukraine-Russia war: ‘Convict’ assault squads straining Kyiv’s forces in northeast Smoke billows from Tenerife wildfire as firefighters battle to contain blaze
2023-08-17 19:19