US Economic Soft Landing Hinges on Fed’s Tolerance of Inflation
Rising hopes of a soft landing for the US economy likely hinge on the Federal Reserve’s willingness to
1970-01-01 08:00
Spanish election 2023: Exit poll predicts a swing to right-wing government
Spain could have its first far-right participation in government since the days of Franco after an election exit poll suggested a swing to the right. Spanish prime minister Pedro Sánchez is trying to win a third consecutive national election but an exit poll predicted that a right-wing coalition may have enough votes to take power. The centre-right People’s Party was set to win 150 seats, while the anti-Muslim, anti-feminist Vox party had 31 seats, according to a GAD3 voter survey released after polls closed. Together this would give the parties enough for a majority in the 350-seat parliament. However a survey by Sigma Dos was less conclusive, predicting 145-150 seats for PP and 24-27 seats for Vox, which could mean the two parties would fall short at the lower range of its poll. The Socialists were set to win 112 seats, according to GAD3, and 113-118 seats according to Sigma Dos, while the far-left platform led by Labour Minister Yolanda Diaz had either 27 seats or 28-31 seats. GAD3 said its poll surveyed 10,000 people and closed on July 22. The Sigma Dos survey of 17,000 people closed on Sunday. If both the left-wing and right-wing bloc fail to meet the threshold for the number of seats required to govern, new elections may have to be called - as happened in 2019 and 2015. After casting his vote, Mr Sánchez said: “What happens today is going to be very important not just for us but also for Europe and I think that should also make us reflect.” The secretary general of the conservative People’s Party (PP), Cuca Gamarra, told Spanish TV after the vote that the PP was about to “recover the position of first political force in a general election”. The Interior Ministry said voter turnout at 6pm local time stood at 53 per cent, compared with 56 per cent at the same point in the the country’s last national election, in November 2019. The election was taking place at the height of summer, with millions of voters likely to be holidaying away from their regular polling places. However, postal voting requests soared before Sunday. With no party expected to garner an absolute majority, the choice is basically between another leftist coalition and a partnership of the right and the far right. Far-right party Vox proposes the expulsion of illegal migrants and a naval blockade to stop them arriving, and the closure of radical mosques, while supporting immigration meeting Spain‘s labour market needs and from nationalities sharing language or culture. It has also vowed to repeal progressive laws on transgender rights, abortion and animal rights, along with climate protections promoted by Sanchez. Mr Abascal has said Vox doesn’t have a position on Spain‘s former dictator Franco, who ruled until his death in 1975 after winning a bloody civil war in 1939. But Mr Abascal has also said that Mr Sanchez’s government was the worst in 80 years, a period that includes Franco’s regime. Agencies contributed to this report. Read More Greece fires - live: Jet2 and Tui scrap Rhodes flights as tourists fleeing island describe ‘hell on earth’ Spain votes in general election that could see it become latest EU country to veer to the right A beach tragedy highlights the EU’s migration crisis – and how Spain’s election could make things worse Spaniards vote in an election that could oust a leftist coalition and herald a return to the right Spanish general election tipped to put the far right back in office for the first time since Franco Spain conservatives entrust Feijóo, the boring guy who wins every election by a landslide
1970-01-01 08:00
Spanish Right Set to Oust Sanchez With Slim Majority, Poll Shows
Spanish conservative leader Alberto Nunez Feijoo won the most seats in Sunday’s election and is on track to
1970-01-01 08:00
Movie theater assault victim speaks out after seat dispute turned violent
A 63-year-old moviegoer who was assaulted after asking a couple to move from his reserved seats revealed how the younger attacker “just went to town on me.” The victim, who has not been identified, reserved VIP tickets with his wife for a movie on 10 July at the AMC Pompano Beach 18 theater. He arrived to find another man and woman sitting in the seats and asked them to move. “This guy just kept staring at me instead of getting up,” the victim told NBC6 on Friday. “I said to the people at this point, who didn’t apologize or say thank you, I said, ‘You guys can just keep the seats.’ “As I’m walking away, he said ‘Go run to your wife little boy.’ So I turned around and I said, ‘You know, I’m not the one who’s being a little boy, you took my seats and you didn’t apologize or you didn’t say thank you and I let you keep them.’” “He jumped up, he wanted to fight me, he backed me up, I fell over the stairs and as soon as I fell down the stairs, it was like a boxer being against the ropes, this guy just went to town on me,” the victim said. He told the station that he “couldn’t even get a defensive shot in.” “It happened so fast,” he said. “He basically sucker-punched me, is what he did.” The victim is a disabled veteran and suffered a broken nose and needed stitches at a local hospital, the station reported. “I didnt think anybody would be stupid enough to actually start a fight like that in the movies,” the victim said. Broward Sheriff’s Office Violent Crimes Unit detectives have released video of the attack. “In the heated moment, the victim loses his balance and falls down the steps,” the office said in an accompanying release. “The subject is seen standing above the 63-year-old victim repeatedly punching him in the face until witnesses rushed to the victim’s aid and pulled the subject off him. “The subject and the adult female left the theater.” Authorities have appealed to the public for help in identifying the couple. Read More Man attacked at movie theatre for asking couple to move out of his seat Boy charged over serious assault in Dublin Family of award winning artist paralysed in random NYC subway shove attack speak out Woman jailed for killing fellow hospital patient, 83, in unprovoked attack Barbie doubles Oppenheimer’s earnings in box office previews
1970-01-01 08:00
UK Banks to Be Summoned to Treasury After Farage Uproar, FT Says
The UK’s Treasury will ask the leaders of 19 banks and fintechs, including NatWest Group Plc, Lloyds, HSBC
1970-01-01 08:00
‘Barbenheimer’ Debut Lifts Weekend Box Office to Four-Year High
Cinemas finally have something to celebrate. Barbie, a comedy about the famous fashion doll, and Oppenheimer, a biography
1970-01-01 08:00
Swimming-French torpedo Marchand smashes Phelps' 15-year record at worlds
FUKUOKA, Japan (Reuters) -French youngster Leon Marchand produced a dazzling performance to shatter American great Michael Phelps' long-standing 400 metres
1970-01-01 08:00
DeSantis defends Florida curriculum that suggests slaves benefited from forced labour
Florida Governor Ron DeSantis defended a hard-right school curriculum that went into effect in his state this week while on the campaign trail for the Republican presidential nomination. At an event in Utah, Governor DeSantis defended how slavery will now be taught in Florida middle schools. Children will now be taught that enslaved persons picked up skills that they later “parlayed” into profitable crafts after slavery was abolished. “They’re probably going to show that some of the folks that eventually parlayed, you know, being a blacksmith into doing things later in life,” Mr DeSantis told reporters on Friday. However at the same press conference, the GOP candidate also appeared to back away from the specific assertions of the teachings, saying of the curriculum: “I didn’t do it. I wasn’t involved in it.” He went on to say that the curriculum was “rooted in whatever is factual”. “It was not anything that was done politically,” he added. The Florida governor’s hard-right record will likely be a key talking point on the 2024 campaign trail - potentially presenting both a boon for Mr DeSantis in the GOP primary but also a challenge as he seeks to woo moderates in a general election. Florida Department of Education’s social studies standards for the 2023-2024 school year provide lesson topics for teachers including a “benchmark clarification” which instructs educators to teach students that “slaves developed skills which, in some instances, could be applied for their personal benefit”. It isn’t clear what “their personal benefit” would be in this scenario. The line is included as part of a broader lesson entitled: “Examine the various duties and trades performed by slaves (e.g., agriculturalwork, painting, carpentry, tailoring, domestic service, blacksmithing, transportation).” The majority of polling puts Mr DeSantis second in the crowded GOP primary field, though he trails former president Donald Trump by a wide margin and faces a number of rivals closing in on his position including Vivek Ramaswamy and Nikki Haley. Read More Biden will establish a national monument honoring Emmett Till, the Black teen lynched in Mississippi Southern California school board OKs curriculum after Gov. Gavin Newsom threatened a $1.5M fine Florida man pleads guilty over Jan 6 riot as state’s governor Ron DeSantis insists there was no insurrection Trump outstrips nearest Republican rival DeSantis by 30 points in latest poll - live Biden will establish a national monument honoring Emmett Till, the Black teen lynched in Mississippi Southern California school board OKs curriculum after Gov. Gavin Newsom threatened a $1.5M fine
1970-01-01 08:00
Bain Agrees to Buy Stake in Adani Capital as Billionaire Exits
Bain Capital has agreed to buy the 90% stake Gautam Adani’s family holds in an Indian shadow bank,
1970-01-01 08:00
Braves Rumors: Ranking the 12 best trade targets for Atlanta to pursue
Atlanta is going to buy at the trade deadline and we're ranking the 12 best (and realistic) trade targets for the Braves before Aug. 1.The MLB Trade Deadline on Aug. 1 is now just over a week away, and all eyes in the National League are at least glancing at the Atlanta Braves. Owners of th...
1970-01-01 08:00
‘It was hell on earth’: British tourists describe fleeing for their lives from Rhodes wildfire
A mother who says she experienced “hell on earth” was among the British tourists forced to flee Rhodes this weekend as fierce wildfires continue to rip through the Greek holiday island. Officials on the island, which sits southwest of Turkey in the Aegean Sea, launched Greece’s biggest-ever evacuation operation as the blaze tore through vast swathes of land, threatening resorts popular with holidaymakers. Tourists were forced to shelter in schools, sports stadiums, airports and alternative hotels as firefighters desperately fought to contain the flames, which officials fear may worsen on Monday as wind speeds more than double on the island. As Britons rushed to book seats on packed flights home after the evacuations, holiday firms including Jet2, the UK’s biggest tour operator, announced they would be cancelling services to Rhodes and would be sending empty planes to bring stranded tourists home. Around 19,000 people in total are reported to have been evacuated from Rhodes, the largest of Greece’s Dodecanese islands, which has a local population of about 115,000. Becky Mulligan, a 29-year-old training manager from Leicester, was staying at the Princess Sun Hotel in the Kiotari resort on Rhodes’s southeast coast when she, her five-year-old daughter, and sister, 20, were forced to quickly pack their bags and flee as the sky turned “orange”. “Smoke started coming up against the window of the hotel so we decided to run,” she told The Independent. “There were helicopters hovering above making the whole building shake. “We ended up legging it down a dirt track as the smoke came up around our legs. I thought I was going to die. It was like hell on earth.” Ms Mulligan and her family were forced to seek refuge on the beach as they waited for coaches to come and pick them up, which she described as the “most scary point”. She said hundreds of people were waiting to be evacuated with grown adults “basically trampling on children to get to the buses”. The trio was then taken to Gennadi Grande resort and from there bussed to another location, where they were forced to spend the Saturday night on the floor of a hotel room. On Sunday morning they managed to escape safely, sharing a taxi with another family to the airport where their flight back to the UK was due to depart after 11pm. Dan Jones, a sports teacher from Torquay, Devon, said he had to climb onto a fishing trawler with his sons on Saturday night, describing it as “the scariest moment in my entire life”, adding: “What brave boys.” Ian Wakefield told Times Radio he spent the night in a school playground in Faliraki after being evacuated from his hotel in Pefki. He said: “It didn’t really feel real – being in imminent danger of being burned to death. Between midnight and around 5am this morning we were going through an evacuation which was pretty chaotic. “There were a lot of upset people and children who were understandably quite hysterical. It was all very confusing – the instructions from the hotel manager were unclear. “You had to make your own choice in the end. I’ve had to leave quite a lot of luggage in the hotel.” As fire crews struggled to contain the blazes and thick black smoke continued billowing into the sky, British holiday firms began cancelling flights to Rhodes, although some planes touched down on the island on Saturday night and early on Sunday morning despite the emergency. Jet2 Holidays cancelled all flights to the island until 30 July and said it would send empty planes to bring stranded Britons home, while Tui said it would cancel all flights and holidays until Tuesday. Thomas Cook later announced it had cancelled all holidays to Kiotari and Lardos – the areas of the island most at risk – until 31 July and would be in touch with customers to arrange “swift refunds”. It has also offered full refunds to customers due to depart for other parts of the island on Sunday and Monday who wish to cancel their trip. But some holidaymakers suggested that operators should have cancelled flights to the island sooner. Lowri Jones from Crymych, Pembrokeshire, Wales, described scenes of “chaos” at Rhodes Airport when she arrived there on Saturday night. The mother of three, 52, travelled to the Greek island with her thirteen year-old-daughter for a holiday. “It was absolute pandemonium at the airport, with long queues of people trying to find out what coach they were,” she told The Independent. “We booked with Tui and there has been very little communication from them. “We had been due to stay at the Atlantica Dreams hotel in Gennadi but were driven - without warning - to a completely different resort in the north of the island due to the wildfires.” She added: “Me and my daughter ended up spending the night on the floor with other people in a room with no air conditioning in sweltering heat - it was horrible. “To be honest, I don’t think we should have even been there in the first place. The flight was delayed because the pilot had to do a risk assessment to see if it was safe to land because of the fires. “Tui should have told us it wasn’t safe and given us a refund - at least that way I could have made a decision about booking somewhere else. Now I’m stranded in Rhodes and having to look at booking flights home.” A spokesperson for Tui said it is continuing to monitor the wildfires and appreciated the “distressing and difficult” situation for its customers. Anyone who remains in Rhodes is urged “follow the advice of the local authorities who are managing tourist movements in impacted areas,” they said. Britain’s ambassador to Greece said the Foreign Office had sent a "rapid deployment team" to help UK tourists who were among thousands forced to flee for their lives on Saturday as the wildfire spread. Read More Holidays and flights to Greek island ravaged by fire cancelled UK airlines still selling tickets to Rhodes despite wildfire inferno Greece: Smoke turns Rhodes sky grey and hazy as wildfires continue to rage CLIMATE GLIMPSE: Here's what you need to see and know today Jet2 and Tui scrap Rhodes flights as tourists fleeing island describe ‘hell on earth’ Decision not to refund Rhodes tourists would be ‘unconscionable’, charity says
1970-01-01 08:00
IMF Says Argentina Staff-Level Deal to Finalize in Coming Days
Argentina and the International Monetary Fund reached “understandings” on the goals and parameters that will underlie a proposed
1970-01-01 08:00
