17 August

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Russian court restricts Navalny spokesperson’s freedoms By Reuters

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MOSCOW (Reuters) -A Russian court imposed 18 months of restrictions on the freedom of movement of jailed Kremlin critic Alexei Navalny's spokesperson Kira Yarmysh, after finding her guilty of breaching COVID-19 safety rules, according to her Twitter account. Russia has cracked down on the opposition before a parliamentary election next month, and many of Navalny's most prominent allies have left Russia or face prosecution. The court banned Yarmysh from leaving her home at night, taking part in rallies and changing her home address without first notifying prison authorities, the Tass news agency said. Yarmysh was...

17 August

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UK indicates Afghanistan sanctions possible By Reuters

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LONDON (Reuters) - Britain will use all the means it has at its disposal to hold the Taliban to account in Afghanistan, British Foreign Secretary Dominic Raab said on Monday when asked about possible sanctions against the country. Asked how he would hold the Taliban to account, he said: "Ultimately through working with our partners through everything from the sanctions that we can apply, to the ODA (Official Development Assistance) that we will hold back, pending reform and a more inclusive government. I think there are levers." Asked whether he was holding out the possibility...

17 August

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UK’s Johnson plans G7 meeting on Afghanistan, steps up evacuation effort By Reuters

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LONDON (Reuters) -British Prime Minister Boris Johnson intends to host a virtual meeting of G7 leaders to tackle the deteriorating situation in Afghanistan and has stepped up efforts to evacuate UK nationals and others from Kabul. Johnson spoke to French President Emmanuel Macron on Monday to agree how the two countries could work together to recognise any future Afghan government and in trying to prevent a humanitarian and refugee crisis, his office said. The G7 call is expected to happen in coming days, while the two leaders also agreed that their countries should work...

16 August

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S&P 500 Cuts Losses to Trade Near Record Highs By Investing.com

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By Yasin Ebrahim Investing.com – The S&P 500 cut losses to trade near all-time highs on Monday, shrugging off offset weakness in economically-sensitive cyclical stocks despite growing concerns about slowing global growth The S&P 500 fell 0.1%, but remained close to its record intraday high of 4,468.37. The Dow Jones Industrial Average slipped 0.04%, or 15 points, the Nasdaq was down 0.42%. Energy fell more than 1%, dragging the broader the market lower, as oil prices slumped on demand concerns after softer economic data from China triggered concerns about the global recovery. "In the short term, concerns...

16 August

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Atlantia to sell stake in Lisbon bridge operator to Vinci, Mota-Engil By Reuters

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MILAN (Reuters) - Italian infrastructure group Atlantia said on Monday it would sell its 17.2% stake in Portugal's Lusoponte to Vinci and Mota-Engil, its co-investors in the company that operates two bridges over the river Tagus, in Lisbon. French motorway and airport operator Vinci and Lineas, a company linked to Portuguese group Mota-Engil, had decided to exercise their pre-emption rights and buy out Atlantia, the Italian group said in a statement. Atlantia, which decided in June to sell its motorway unit Autostrade per l'Italia, is reshaping its asset portfolio. The Italian group said Vinci and Mota-Engil...

16 August

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Bank of England to wait until 2023 before raising rates: Reuters poll By Reuters

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By Manjul Paul BENGALURU (Reuters) - The Bank of England (BoE) will wait until 2023 before raising Bank Rate from a record low of 0.10%, a Reuters poll found, but economists said there was a chance an increase may come sooner than that on elevated inflation and a strong economic recovery. During the pandemic the BoE chopped its base lending rate and restarted its printing presses to support the economy, but a mass vaccination programme against the coronavirus has allowed much of the country to reopen. At its Aug. 5 meeting the BoE kept its stimulus...

16 August

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NYC to Require Vaccinations for Museums, Stadiums, Casinos By Bloomberg

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(Bloomberg) -- New York City is expanding its vaccine mandate to museums and other entertainment and cultural institutions, requiring both visitors and staff to have at least their first Covid-19 shot starting on Tuesday. The move announced by Mayor Bill de Blasio during a briefing on Monday expands an earlier vaccine requirement issued for indoor dining that goes into effect this week. The vaccine mandates will be more expansive to include sports stadiums, zoos, aquariums, casinos, movie theaters, and many of the attractions the most populous U.S city has relied upon in recent years to...

16 August

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Analysis-Back with a bang, share buybacks offer boost for Europe Inc By Reuters

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By Danilo Masoni and Sujata Rao MILAN (Reuters) - Europe's record-breaking earnings season has shown a sharp rise in the number of companies repurchasing their stock, raising investor hopes of big U.S.-style returns in a market that has historically focused on dividend payouts rather than buybacks. The buyback announcements stood out even amid Europe Inc's near-150% quarterly profit surge, the best since Refinitiv IBES records began in 2012 and analysts reckon they offer a further tailwind for the pan-European STOXX 600 index, already at record highs. Analysis by market intelligence provider Alphasense shows 808 mentions of...

16 August

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Tesla Drops As U.S. Opens Formal Probe Into Tesla Autopilot By Investing.com

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By Dhirendra Tripathi Investing.com – Tesla stock (NASDAQ:TSLA) fell 2% in Monday’s premarket trading as U.S. auto safety regulators launched a formal safety investigation into the company’s driver assistance system Autopilot after a series of crashes involving emergency vehicles. The National Highway Traffic Safety Administration said that since January 2018, it has identified 11 crashes in which Tesla models "have encountered first responder scenes and subsequently struck one or more vehicles involved with those scenes." There were cases of 17 injuries and one fatality in those crashes. The investigation covers an estimated 765,000 Tesla Model Y,...

16 August

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Malaysia’s Muhyiddin quits as PM, agrees to caretaker role By Reuters

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(Reuters) -Malaysian Prime Minister Muhyiddin Yassin resigned https://www.reuters.com/world/asia-pacific/malaysian-pm-expected-resign-after-months-political-turmoil-2021-08-16 on Monday citing a lack of parliamentary support, but agreed with the king to remain caretaker premier until a government can be formed. Following is reaction from political and market analysts: NIK AHMAD KAMAL NIK MAHMOD, LAW EXPERT, INTERNATIONAL ISLAMIC UNIVERSITY OF MALAYSIA "The king will have to wait until he can find a replacement, someone who can command the majority in parliament. It might take a few days or weeks. "If it will take more than a month then it will raise a lot of issues,...

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Russian court restricts Navalny spokesperson’s freedoms By Reuters

UK indicates Afghanistan sanctions possible By Reuters

UK’s Johnson plans G7 meeting on Afghanistan, steps up evacuation effort By Reuters

S&P 500 Cuts Losses to Trade Near Record Highs By Investing.com

Atlantia to sell stake in Lisbon bridge operator to Vinci, Mota-Engil By Reuters

Bank of England to wait until 2023 before raising rates: Reuters poll By Reuters

NYC to Require Vaccinations for Museums, Stadiums, Casinos By Bloomberg

Analysis-Back with a bang, share buybacks offer boost for Europe Inc By Reuters

Tesla Drops As U.S. Opens Formal Probe Into Tesla Autopilot By Investing.com

Malaysia’s Muhyiddin quits as PM, agrees to caretaker role By Reuters

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