Deutsche Bank kicks off its €8bn rights issue on Tuesday as German lender attempts to bolster its capital

Sunday 19 March 2017 2:30 pm Share Deutsche Bank announced today it is due to press go on its €8bn (£6.9bn) rights issue on Tuesday, as the German banking giant tries to shore up its capital. The Frankfurt-headquartered lender announced a slew of plans to improve its capital position earlier this month, including, in addition to the rights issue, holding onto its Postbank division, streamlining its business model and listing a stake in Deutsche Asset Management. Deutsche Bank has also slashed its staff’s bonuses for the year, which consist of an individual bonus based on whether an employee has hit their targets and a bonus from a group pool calculated on the firm’s financial performance.Back in January, it announced anybody with vice president, director or managing director in their job title would not be receiving their individual bonus, a move which will affect one in four staff. Last week, City A.M. revealed the bank had also halved the amount of the payout bankers could be expecting from the group bonus pool.  whatsapp Read more: US bankers’ bonuses are putting UK lenders to shameBy comparison, the lender’s CET 1 ratio at the end of 2016 stood at 11.9 per cent and no dividend was announced for last year. The capital position of Deutsche Bank, which announced a €1.4bn loss for 2016 and a €6.8bn loss for 2015, was called into question last autumn when it was revealed the firm could be facing a fine of as much as $14bn (£11.3bn) from the US Department of Justice for mis-selling mortgage-backed securities.The bank settled the penalty for $7.2bn in January.  Read more: This Deutsche Bank analyst thinks sterling could fall another 16 per cent whatsapp The bank has said the issue of 687.5m new shares will run from 21 March to 6 April, with investors being offered a one new share for two existing shares deal on their current shares so not to dilute their stake. The subscription price for the shares has been set at €11.65. Read more: Revealed: Deutsche Bank has hacked another chunk out of bonusesAccording to the statement the bank issued to initially announce the rights issue, it is being underwritten by various other banks, including Credit Suisse, Barclays, Goldman Sachs, BNP Paribas, Commerzbank, HSBC, Morgan Stanley, and UniCredit.However, the bank added today the underwriting syndicate has now been increased to 30. The bank also said in its initial announcement it believes the plans will allow it to target a fully-loaded common equity tier 1 (CET1) capital ratio safely above 13 per cent and to pay a competitive dividend from 2018 onwards. Deutsche Bank kicks off its €8bn rights issue on Tuesday as German lender attempts to bolster its capital Hayley Kirton by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeSearch | Jobs from homeJobs From Home Might Pay More Than You ThinkSearch | Jobs from homeWeniixTop 5 best grand tourers 2021 – WENIIXWeniixHealth.recetasgetCheck 5 Cancer SignsHealth.recetasgetOnline Master's Programs30 worst paying college majorsOnline Master’s ProgramsLife IndigoGwen Stefani’s No Makeup Photo: Her Real Face Is Quite DifferentLife IndigodynacartLuxury Mens Linen Cotton Shirts | Long Sleeve Slim Shirts | Casual ShirtsdynacartEnanowAvoid These Make-up Mistakes That Are Actually Aging YouEnanowAnyMuscle.comEnd-of-life symptoms of metastatic breast cancerAnyMuscle.comBuzzDestinationThe 7 Seductive Movies on Netflix to Stream Right Now.BuzzDestination read more

Singles’ Day is set to boom and European brands need to prepare

first_img Peter Foster Tuesday 6 November 2018 5:12 pm Singles’ Day is set to boom and European brands need to prepare When thinking about the significant e-commerce dates of the year, we would normally consider the obvious contenders like Black Friday and Cyber Monday, but a new event is beginning to make headlines and grow in popularity in the west: Singles’ Day.This event, held on 11 November and originating in China in the 1990s, is starting to grab headlines as a significant shopping day in the calendar for those singletons who want a special day to treat themselves. Tags: Alibaba whatsappcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekScientific MirrorLily From The AT&T Ads Is Causing A Stir For One ReasonScientific MirrorZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldNews SharperChrissy Metz Is So Skinny Now And Looks Like A Model (Photos)News Sharperinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableyGive It LoveThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayGive It Love whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Share US and European businesses would be forgiven for not yet realizing the cultural impact of this date, as it has taken quite some time to spread outside of China. Last year, consumers spent over $25bn on Singles’ Day, making the date four times bigger than Black Friday and Cyber Monday put together. One market in particular that has adopted this event much faster than others in the west is Spain, where the number of transactions was almost five times higher than the average rate.Singles Day originated in 1993 between male students at Nanjing University. E-commerce giant Alibaba started to champion the day in 2009, and it has ultimately cemented itself as an unofficial national holiday in China – and increasingly around the world – celebrating single people, and encouraging self-gifting ahead of Christmas.The market of single consumers is extremely lucrative, with the Office of National Statistics earlier this year finding that on average single people spend £21 a week more than individuals living as a couple. It’s not surprising that brands are getting excited about the possibility of a day that gives singles the opportunity to treat themselves. Singles often have more disposable income than their married counterparts. Their cash is often not just spent on products, as singles are more likely to spend on experiences such as holidays.According to e-commerce delivery specialist Parcelhero, it is predicted that Singles’ Day will double in value, indicating that it is having a growing influence in the UK that may eventually compete with Black Friday and Cyber Monday. To engage with this audience, brands need to look to communicate with singles when they are most likely to engage with the content put in front of them, for example, on dating apps. In this situation, singles are not only looking for their next date, but are also looking to find new experiences and new recommendations like restaurants, tour guides, and shopping offers.Although Singles’ Day may remain unknown to most western consumers, there are signs that it will boom in European markets over the next few years. Brands who can jump on this event from the beginning will be the ones to succeed, and will allow them to leverage the lucrative market of single consumers. last_img read more

Federal Reserve expected to raise US interest rates this week as all eyes on predictions for 2019

first_imgSunday 16 December 2018 6:25 pm whatsapp Thursday will also see UK retail statistics released by the Office for National Statistics. All eyes will be on the scale of the difference made by Black Friday last month.The annual weekend spending bonanza was a let-down for retailers this year, with footfall down 3.2 per cent as consumers continued the move to online shopping.Outspoken Sports Direct boss Mike Ashley said this November had been the “worst in living memory” last week. whatsapp The US Federal Reserve is this week widely expected to raise interest rates for the fourth time this year, with an anticipated range of between 2.25 and 2.50 per cent.But doubts have begun to emerge about Wednesday’s announcement among analysts, after comments from Federal Reserve chairman Jerome Powell that the level of interest rates is “just below neutral”. Tags: Bank of England Federal Reserve by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoFinance Wealth PostTom Selleck’s Daughter Is Probably The Prettiest Woman To Ever ExistFinance Wealth PostUndoTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersUndobonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comUndo Alex Daniel Federal Reserve expected to raise US interest rates this week as all eyes on predictions for 2019 Michael Hewson, chief market analyst at CMC Markets, said the comments meant the raise “is less of the done deal that it was two to three weeks ago”.The announcement will also contain projections for how much further the Federal Reserve will raise rates next year, “a key area of scrutiny” according to Hewson.All eyes will be on whether policymakers have lowered these expectations, which currently forecast three further rises in 2019 and one in 2020.Meanwhile, the Bank of England make similar rate decisions on Thursday. But with uncertainty over Brexit negotiations now looking set to continue well into the new year, analysts do not expect a change in policy.“The BoE simply cannot justify tightening its belt while the risks of a no-deal Brexit are there,” said Fawad Razaqzada, analyst at Forex. Share More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comlast_img read more

Challenger bank Paragon in lending boost as professional landlord demand surges

first_img Challenger bank Paragon in lending boost as professional landlord demand surges The majority of new business flows – £424.7m – came from buy-to-let lending as the company continued its focus on professional landlords.Chief executive Nigel Terrington said the company remained confident in its outlook but would maintain its capital liquidity buffer in case the “external operating environment” deteriorated.It said the December buy-to-let pipeline stood at £729.1m, a 17.8 per cent increase on December 2017.Following its acquisition of property lender Titlestone, commercial lending was also boosted – rising 105 per cent to £212m in new business flows.Paragon said the value of its outstanding deposits rose to £5.6bn from £5.3bn at the end of September. Share Monday 28 January 2019 10:22 am whatsapp Callum Keown whatsapp UK bank Paragon has reported strong new lending growth following a surge in demand from professional landlords.The bank said total new lending for the three months to 31 December hit £660m, a 40 per cent increase on the previous year. Terrington said: “The group has started the year well, delivering strong lending growth across all our core business areas.“Our retail deposit base continues to grow, creating further efficiencies in our funding structure.”AJ Bell analyst Russ Mould that after a recent profit warning from Metro Bank, Paragon investors may have been concerned ahead of its trading update.He said: “Despite the patchy nature of the company’s long-term track record, it turns out investors needn’t have worried as the group delivered strong growth across all areas.“The numbers show the benefit of a diversified approach with the commercial lending book proving to be a big driver in this particular period, boosted by the acquisition of Titlestone last summer.” Tags: Trading Archivelast_img read more

May prepares to face MPs after last-minute talks with EU

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailPost FunRare Photos Show Us Who Meghan Markle Really IsPost FunLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthParenting FactorLily From The AT&T Ads Is Causing A Stir For One ReasonParenting FactorInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldGrowitchRemember Penny From The Big Bang Theory? This Is Her NowGrowitchAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic Mirror More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comConnecticut man dies after crashing Harley into live bearnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com The new text will sit alongside the withdrawal deal, and May claimed yesterday it will have the same legal weight as that agreement.A spokesperson for the DUP – whose support is critical if May is to win tonight’s vote – said the party would be “scrutinising the text line by line” before reaching a decision on whether to back the deal. Share Tags: Brexit Jean-Claude Juncker People Theresa May Tuesday 12 March 2019 12:38 am Owen Bennett center_img whatsapp Announcing the new agreement, May said: “MPs were clear that legal changes were needed to the backstop. Today we have secured legal changes.“Now is the time to come together, to back this improved Brexit deal, and to deliver on the instruction of the British people.”The joint instrument confirms that if the backstop protocol comes into force – meaning the UK stays in the EU’s customs union to avoid a hard border with Ireland – it can only be a temporary measure.Read more: Savers cut pension withdrawals amid market volatilityThe UK will be able to exit the arrangement if an arbitration panel agrees the EU has acted in bad faith, by not engaging seriously on future trade talks, for example. whatsapp Prime Minister Theresa May claimed victory in a last-minute round of negotiations with the EU last night, as she set out new legal guarantees over the controversial Irish backstop protocol.Speaking in Strasbourg after a late-night meeting with European Commission president Jean-Claude Juncker, May claimed a new, legally-binding agreement would sit alongside her withdrawal deal – meaning the UK could not be trapped in the backstop arrangement indefinitely. May prepares to face MPs after last-minute talks with EU The PM said the so-called joint instrument tackles head-on the concerns raised by MPs in January when the deal was voted down in a record parliamentary defeat for a UK government.Read more: Brexit disorder could dampen global oil thirstAfter a 90 minute talk with May, Juncker urged MPs to back the deal in a vote set for later today, saying there would not be a “third chance” at securing an agreement and warning: “There will be no further interpretations of the interpretations; no further assurances on the reassurances.”All eyes will now turn to the attorney general Geoffrey Cox, who will today reveal whether he has changed his previous legal opinion that the backstop could “endure indefinitely” after Brexit.Tory MPs who voted down May’s deal in January gave the latest development a cautious welcome, with many insisting they would need to study the detail of the “joint instrument” to see if it satisfies their concerns. Steve Baker, a senior figure from the pro-Brexit European Research Group, said the new proposals will be analysed by their ‘star chamber’ of lawyers and senior MPs.last_img read more

Just Group shares slide after it reveals sales plunge

first_img whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKansas coach fired for using N-word toward Black playerthegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Just Group shares fell more than seven per cent this morning after it revealed a plunge in sales.The retirement group said retirement income sales for the three months to 31 March were 59 per cent lower than for the previous quarter, which it said was a result of a lower level of completed defined benefit de-risking sales. Just Group said the lower level of volumes reflects pricing increases implemented following new, tougher Bank of England rules on equity release mortgages.Read more: Provident appoints new finance chief after turbulent 18 monthsLifetime Mortgage advances of £79m were down 47 per cent, which it said was a result of a focus on capital efficiency.Interim chief executive David Richardson said: “Today’s update reflects our disciplined approach to the management of our capital in the new regulatory regime. Our GIfL price increases and DB pricing standards have been implemented rigorously, ensuring that we deliver to shareholders a new business internal rate of return in line with our targeted mid-teen levels. The continued growth in our markets gives us confidence that there remains a considerable opportunity to deploy capital in a disciplined and profitable manner.”The company said it would close its US business as it aimed to bolster its capital position. Read more: Just Group raises £375m to comply with new regulationsDefined benefit sales were down 90 per cent year-on-year to £26m which it said was due to a temporary reduction in activity levels in its target segment.The company said that in the second quarter so far it had completed a series of transactions with a value in excess of £300m and said its run rate is returning to that of the second half of 2018.“The pipeline remains full and market pricing is attractive,” it added.Guaranteed income for life (Gifl) sales were down 23 per cent year-on-year to £145m. James Booth Just Group shares slide after it reveals sales plunge center_img “Our capital position has been much improved by the £375m raised in March, and we are absolutely focused on achieving capital neutrality by 2022. We have a plan in place to ensure we achieve this target, which includes a number of actions we will be taking over the course of this year. These include a renewed focus on cost control, the closure of loss making operations such as the US, reductions in new business LTM backing ratios and a shift towards more capital efficient assets,” Richardson said.At the end of April chief executive Rodney Cook resigned following a turbulent year that included cancelling its dividend and raising £375m in fresh capital in March. Tags: Trading Archive whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndoFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleUndobonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionUndoDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyUndoHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndoPost FunThe Deadliest Snakes Ever Found On The PlanetPost FunUndo Thursday 16 May 2019 8:58 am Sharelast_img read more

Tube delays: Severe delays hit commuters amid flood warnings

first_imgYou are advised to delay your commute until later where possible.” whatsapp Share The Met Office warned Londoners they faced a wet commute to work this morning amid thunderstorms unleashing downpours and lightning over the south east. Read more: These are London’s most stressful Tube stations Joe Curtis ⚠️ Disruption Update – Fire alert at Mordenℹ️ We’re now operating with severe delays on the northbound only from Morden to Camden Town and minor delays on the rest. Please see: https://t.co/8ROkT2G0Fq for the latest update.— Northern line (@northernline) June 25, 2019 Both Southern Rail and the Gatwick Express cancelled or delayed services while flooding hit the Green Man Tunnel. Gatwick Express warned: “Due to heavy rain flooding the railway near Gatwick Airport services running through this station may be cancelled or delayed.” Commuters faced a miserable commute to work this morning as the Tube’s Northern Line was hit with severe delays. Tuesday 25 June 2019 8:12 am Meanwhile a faulty train caused minor delays on the Waterloo & City Line. Transport for London (TfL) told passengers they could use their tickets on alternative routes into work, with London buses, trams and Thameslink services all available. The train operator tweeted: “Due to heavy rain flooding the railway at Haywards Heath all lines are blocked. That had a knock-on effect on the rest of the line, hitting trains with minor delays. Southern Rail warned travellers that trains running through Haywards Heath were blocked due to floods. Severe Tube delays hit the Northern Line this morning Earlier the Northern Line was suspended between Tooting Broadway and Morden due to the fire alert. Tube delays: Severe delays hit Northern Line as train routes flooded Severe delays hit commuters between Morden and Camden Town northbound via the Northern Line’s Bank branch this morning following a fire alert at Morden. More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com Read more: Londoners brace for summer Tube strike chaos whatsapp The Tube delays came amid wider disruption to London’s travel network as wet weather rained on passengers’ parades.last_img read more

UK set to burn in record-breaking 39C heatwave

first_img The Met Office’s Greg Dewhurst said that there is a 60 per cent chance today’s temperature will surpass this level. UK set to burn in record-breaking 39C heatwave today As the UK’s three-day heatwave reaches its crescendo, the country is bracing for what may be the hottest British day on record – beating the 38C set in Kent in 2003. “It will get to the 30s across the country and reach the mid-30s in the south east. If it is to get to 39C, it will happen somewhere between London and Cambridge,” he said. Scorching hot weather will fry the UK today, as temperatures in London and the south east are set to break records at a blistering 39C. Read more: Retailers prepare to cash in on UK heatwave Similarly, Transport for London (TfL) warned of potential Tube disruption today as it conducts regular checks on track temperatures. Thursday 25 July 2019 11:43 am Share Read more: Commuters urged to avoid travelling in scorching UK temperatures The worst affected routes were those in and out of London Victoria, Blackfriars, East Croydon, Gatwick Airport and Brighton. center_img “We might need to reduce the speed of our trains at some locations this week as a result of the hot weather. This may mean that your journeys take longer than usual,” it said. Meanwhile thunder and lightning is set to lash the UK later tonight as the Met Office warned flooding could lead to train delays and cancellations. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeUnderstand Solar$0 Down Solar in Scottsdale. How Much Can You Save? Try Our Free Solar Calculator Now.Understand Solarbonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comPsoriatic Arthritis | Search AdsWhat Is Psoriatic Arthritis? See Signs (Some Symptoms May Surprise)Psoriatic Arthritis | Search AdsLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OraclePast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldBest Selling Grills | Search AdsTraeger Blaze & American Grills On SaleBest Selling Grills | Search AdsGraber BlindsWindow Treatments So Sophisticated, It’s Hard to Believe They’re so AffordableGraber Blinds Greater Anglia said the hot weather makes train tracks “more susceptible to buckling”, forcing services to run at a reduced speed. The sizzling heat played havoc with commuters’ journeys to work this morning as rail operators warned passengers to work from home. “There is a chance that power cuts could occur and other services to some homes and businesses could be lost,” the Met Office added. whatsapp LONDON, ENGLAND – AUGUST 06: City workers eat their lunches in front of St Paul’s Cathedral during the sweltering lunchtime break in the City of London on August 6, 2018 in London, United Kingdom. The Met Office has said that the UK heatwave will last until Wednesday morning, with temperatures of up to 35C possible in London. Forecasters are also predicting the warm summer weather seen this year could last until October. (Photo by Jack Taylor/Getty Images) whatsapp Hector Macdonald last_img read more

Asian stock markets regain ground despite warning lights for global economy

first_imgRead more: German economy shrinks in second quarter as exports slump Harry Robertson Trump tweeted: “Good things were stated on the call with China the other day.” More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Some analysts were chalking up the bounce in Asian stock markets to a revaluation of the inversion of the yield curve.  A man walks in front of an electronic stock indicator displaying the share price of the Tokyo Stock Exchange in Tokyo on August 5, 2019. – Tokyo stocks closed sharply lower on August 5, weighed down by a strong yen and tracking losses on Wall Street amid US-China trade woes. (Photo by Kazuhiro NOGI / AFP) (Photo credit should read KAZUHIRO NOGI/AFP/Getty Images) whatsapp A yield curve inversion means the yields – the interest holders receive – on long-dated bonds falls below those on shorter-dated bonds. It shows that markets think there is a high risk to future growth. Yet the index had recovered by 7am UK time to be broadly flat. Hong Kong’s Hang Seng index was also flat after opening downwards. Japan’s Nikkei 225 was 1.2 per cent lower as fears over a recession drove investors towards the yen, traditionally a so-called safe haven at times of stress, pushing up costs for the country’s companies. China’s SSE Composite index had opened around 1.6 per cent lower after the government bond “yield curve” inverted in both the US and the UK, which traditionally heralds a recession. Yesterday, Chinese industrial output growth was shown to have slowed to a 17-year low. “He called for a ‘humane’ outcome in order to achieve a trade deal, and that helped markets move higher this morning.” It looked as though Asian stock markets were copying those in Europe and the US, which shed between 1.8 and 3.1 per cent yesterday. Asian stock markets regain ground despite warning lights for global economy whatsapp The Australian stock index the ASX closed down 2.9 per cent on fears of a US recession and a slowdown in China, which sent its banks and miners tumbling. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeWolf & ShepherdNFL Star Rob Gronkowski Loves These ShoesWolf & ShepherdUndoStuff AnsweredBest Mattress Deals for Seniors 2020Stuff AnsweredUndoBill CruncherArizona Drivers With No DUI’s Getting A Pay Day This Month (Check If You Qualify)Bill CruncherUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoUnderstand Solar$0 Down Solar in Scottsdale. How Much Can You Save? Try Our Free Solar Calculator Now.Understand SolarUndoLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUndoElvenarIf You Are Above 30, this Fantasy Game is a Must-Have. No Install.ElvenarUndoSenior Cars | Search AdsThe Best SUVs for Seniors (The Price Might Surprise You)Senior Cars | Search AdsUndoFinance DailyHomeowners Born Before 1985 Can Get This Huge Benefit in June (But You Must Request It)Finance DailyUndo He went on to say: “I know President Xi of China very well. He is a great leader who very much has the respect of his people. He is also a good man in a “tough business.” I have ZERO doubt that if President Xi wants to quickly and humanely solve the Hong Kong problem, he can do it. Personal meeting?” David Madden, market analyst at CMC Markets, said that US President Donald Trump “tweeted about requesting a private meeting with [Chinese President] Xi Jinping in relation to Hong Kong”. Share Yet former chair of the US Federal Reserve Janet Yellen told Fox Business Network that she thought “the US economy has enough strength to avoid” a recession. “But the odds have clearly risen and they are higher than I’m frankly comfortable with.” Read more: Recession warnings flash red as ‘yield curve’ inverts in UK and US Thursday 15 August 2019 7:55 am Equities in Asia recovered some ground as they raced towards market close after following their American and European counterparts downwards in the wake of a raft of bad economic data and indicators. Asian stock markets have bounced somewhat following a tweet from US President Donald Trump floating a personal meeting with Chinese President Xi Jinping and saying “good things were stated” on a phone call between the two sides. Overnight, the country’s central bank deputy governor Guy Debelle warned that Australia was threatened by the US-China trade war.last_img read more

Johnson ‘a known liar’ and Corbyn a ‘coward’, claims Channel 4 News boss

first_imgThursday 22 August 2019 8:44 am Boris Johnson is a “known liar”, while he and Jeremy Corbyn are “cowards” who are fostering a decline in democracy, a leading broadcaster has claimed.  Prime Minister Boris Johnson whatsapp whatsapp Share Byrne, who by contrast praised Margaret Thatcher’s willingness to be scrutinised, called on the industry to “form a united front in opposing attempts to sideline our central role in the political life of this country”. Using last night’s MacTaggart Lecture at the Edinburgh TV Festival, Channel 4 News chief Dorothy Byrne said the drop in politicians holding themselves up for proper scrutiny had become “critical for our democracy.” Byrne went further, implying Johnson was “a known liar”, and arguing it is time “to start using the l-word. I believe that we need to start calling politicians out as liars when they lie”.  Byrne, one of the country’s longest-serving news and current affairs figure, said: “Remember when Andrew Marr told Penny Mordaunt her claim that the UK couldn’t stop Turkey from joining the EU was ‘strange’? “It was strange, but it was also untrue – a lie. Is it time for us to start using the L-word? I believe that we need to start calling politicians out as liars when they lie. Johnson ‘a known liar’ and Corbyn a ‘coward’, claims Channel 4 News boss Byrne added: “British Prime Minister Boris Johnson hasn’t held one major press conference or given a major television interview since he came to power in July.” Corbyn has similarly failed to give significant interviews on terrestrial TV, she said. This echoed moves by US President Donald Trump, who “has abandoned formal White House briefings. He, like our PM, prefers to take questions from journalists during photo opps, notably getting onto his helicopter…Journalists have to shout out and there is no opportunity for follow-ups.” “I genuinely fear that in the next election campaign there will be too little proper democratic debate and scrutiny to enable voters to make informed decisions.” “If we continue to be so polite, how will our viewers know that politicians are lying?” “Television is a bulwark of our democracy, those who undermine its role are undermining democracy,” Byrne said.  Catherine Neilan Main image: Getty “Boris Johnson and Jeremy Corbyn are cowards,” said Byrne. “If they really believe in the policies they promote, they should come onto television to explain them, to allow them to be scrutinised and to justify them.”last_img read more