Reuters - Squid Business

UK to rely on investment ‘guardrails’ to keep the bond market happy

By William James LONDON (Reuters) – Britain’s Labour government is banking on its new system of spending watchdogs and public advisory bodies to reassure markets that the country can borrow more money to spend on infrastructure without blowing the budget. Finance minister Rachel Reeves will on Oct. 30 deliver her first budget since Labour’s landslide …

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Indian crows threaten native Kenyan birds

By Dicksy O’Biero MOMBASA (Reuters) – Kenyan farmer Danson Safari was forced to give up poultry rearing after losing hundreds of chickens to attacks from aggressive Indian house crows which are multiplying along the country’s coast. The growing threat has prompted Kenyan authorities and conservation groups to turn to a chemical called starlicide to eliminate …

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Britain to publish online safety demands for platforms in December

LONDON (Reuters) – Britain’s media regulator Ofcom said on Thursday it would detail what action it expected social media companies to take over illegal content on their platforms in December, saying it expected swift action or they would face consequences. Ofcom, which is responsible for implementing the government’s Online Safety Bill, said the platforms would …

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Analysis-Elevated China steel exports set to persist, threaten to worsen trade friction

By Amy Lv and Tony Munroe BEIJING/SINGAPORE (Reuters) – Chinese steelmakers, already exporting at near-decade high volumes, are set to keep pushing out shipments in 2025 to manage overcapacity and soft domestic demand, industry insiders and analysts say, threatening to worsen mounting trade frictions. As local consumption remains suppressed by a weakened property sector, this …

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Obamas set to hit campaign trail with Kamala Harris for first time

By Jarrett Renshaw (Reuters) – Democrat Kamala Harris will campaign for the first time with Barack and Michelle Obama in separate events next week, hoping to inject some political star power in the final dash to election day in November, a senior campaign official said. The former president and his wife remain immensely popular with …

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Analysis-After Sinwar death, Biden faces big obstacles to Gaza peace

By Matt Spetalnick and Jonathan Landay WASHINGTON (Reuters) – Joe Biden is expected to use Israel’s killing of Hamas leader Yahya Sinwar to pressure Prime Minister Benjamin Netanyahu to wind down the war in Gaza, but in the waning months of his term the U.S. president may lack leverage to bend the Israeli leader to …

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UK to raise more from inheritance tax, BBC reports

LONDON (Reuters) -British finance minister Rachel Reeves will increase the amount of money raised from inheritance tax at her Oct. 30 budget, the BBC reported on Friday without providing further details of what changes will be made to the measure. Reeves’ first fiscal statement since Labour’s July election victory will set out how she intends …

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Hong Kong’s July-September unemployment rate holds steady at 3%

HONG KONG (Reuters) – Hong Kong’s seasonally adjusted unemployment rate stood at 3% in July-September, unchanged from the previous three-month period, the government said on Friday. The unemployment rate has kept steady at the 3% level since January-March period. “The overall labour market should remain tight in the near term,” Chris Sun, secretary for labour …

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Australia says it provided support for US airstrikes on Yemen

By Kirsty Needham SYDNEY (Reuters) – U.S. bomber aircraft conducting strikes on underground bunkers in Yemen this week flew through Australian air space in a demonstration of military interoperability, Australian officials said on Friday. The United States said it carried out strikes on Wednesday against five underground weapons storage facilities in Houthi-controlled areas of Yemen, …

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Bookmaker Evoke posts 3% rev growth in Q3 as turnaround plan takes root

By Aby Jose Koilparambil (Reuters) -British betting and gaming firm Evoke reported 3% growth in third-quarter group revenue on Friday, driven by market share gains in its key international markets, indicating progress in its turnaround strategy. Shares in the FTSE Small Cap company, which had plunged more than 14% on Monday on tax hike fears, …

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