Complex mission to retrieve German backpacker's vehicle
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Times
27 minutes ago
- Business Times
European shares rebound after Friday's selloff, Swiss stocks fall
EUROPEAN shares closed higher on Monday, rebounding from six-week lows as a surge in banking stocks offset a decline in Swiss shares following a hefty 39 per cent US tariff on Swiss goods. The pan-European Stoxx 600 index rose 0.9 per cent to 540.60, with most major regional markets, barring Swiss stocks, rebounding from Friday's sharp losses, when worries about tariffs and a weak US jobs report hammered sentiment. The German DAX climbed 1.4 per cent, France's CAC 40 rose 1.1 per cent and Britain's FTSE 100 added 0.7 per cent. Zurich's SMI index dipped 0.2 per cent as trading resumed following a long weekend. Switzerland was left stunned on Friday after Trump hit it with one of the highest tariffs in his global trade reset, with industry associations warning that tens of thousands of jobs were at risk. Swiss luxury watchmakers' shares, including Richemont and Swatch, fell 1.3 per cent and 2.3 per cent, respectively. 'It's understandable why Switzerland is lagging. Companies most exposed to international trade flows appear to be under the greatest pressure. However, a quarter percent decline isn't particularly significant,' said Russ Mould, investment director at AJ Bell. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up 'It seems there may still be hopes that a deal will be struck on terms that are, if not favourable, at least less unfavourable than what the White House has imposed so far.' Switzerland was ready to make a 'more attractive offer' in trade talks with Washington, its government said on Monday. The duties were scheduled to go into effect on Thursday, giving Switzerland, which counts the US as its top export market for pharmaceuticals, watches, machinery and chocolates, a small window to strike a better deal. European stocks have moved further away from this year's peak as US tariffs on its key trading partners raise concerns about a resurgence in inflationary pressures and slowing economic growth. Banks were a bright spot on the day, with shares in British lenders surging after the country's Supreme Court overturned a ruling on motor finance commissions, easing fears among banks about a redress scheme some analysts had warned could run into the tens of billions of pounds. Lloyds added 9 per cent while Close Brothers surged 24 per cent. Barclays, Bank of Ireland and Santander all gained more than 2 per cent each. UBS dipped 0.7 per cent after the bank said it would pay US$300 million to resolve US mortgage securities cases related to the misselling of mortgage-linked investments. REUTERS
Metro
28 minutes ago
- Metro
Newcastle make improved Benjamin Sesko bid amid transfer race with Man Utd
Newcastle United have made a second bid for Benjamin Sesko worth €80m (£69.7m) plus €10m (£8.7m) in add-ons, according to reports. The Magpies are in a transfer race with Manchester United to sign the RB Leipzig striker and are now in a 'strong position' to land his signature. That's according to The Athletic, although it should be noted that Sesko has not yet made a final decision on which club to join this summer. The Daily Mail report Newcastle have been told that Sesko is 'willing to sign' for them – and the club are now hoping to agree personal terms in the next 24 hours. Football transfer expert Fabrizio Romano, though, claims the Red Devils will make their own bid for Sesko if the player decides to pick them instead. In The Mixer: Exclusive analysis, FPL tips and transfer talk sent straight to your inbox every week – click here and sign up before Friday to make sure you don't miss the first edition. It's thought that all outcomes are still possible – and that the Slovenia international's preference will be crucial to any deal. Sesko is the No.1 transfer target for both Newcastle and Ruben Amorim's side this summer, with both clubs keen to recruit a new striker. It was quite a tough season for Leipzig last term, which forced them to change coach after a disappointing Champions League campaign. They were struggling, which reflected on Sesko's output, but he's still been one of their best and most consistent players. Sesko's strengths are certainly his physicality and speed – he's great at making dangerous runs in behind defences, but he's also a very clinical and instinctive finisher, especially when the ball drops to him in the area. His work rate is good and he's a willing runner off the ball as well. His hold-up play is quite strong, but I think his link-up play is a side of his game that he can still improve. It's not that he's bad at that side of the game, but compared to someone like Arsenal's Kai Havertz, he's not at that level. But during his young career, he's shown he can take those steps forward. His mentality is definitely a strength – he's a player who wants to learn and wants to improve so in that sense he will be a quick learner. Rune Gjerulff, German football expert and editor of Bulinews The Red Devils had been considering a move for Aston Villa's Ollie Watkins but decided to focus on a deal for Sesko instead. Newcastle, meanwhile, ramped up their interest in Sesko after Alexander Isak told Eddie Howe's side that he wished to depart St James' Park. Sesko, 22, has conjured up 39 goals and eight assists across 87 games for German club Leipzig to date. Alan Shearer believes the Red Devils and his beloved Newcastle are making significant 'gambles' in their pursuit of Sesko this summer. More Trending Shearer said on The Rest is Football podcast: 'With Sesko, I know he's young, but that would be a gamble because you're going to have to pay a decent sized fee. 'I saw him two or three times in the Champions League last season and there's definitely room for improvement. 'Yes, there's certainly a talent there but there's a lot improvement that can be made as well. 'You're bringing someone who's unknown into the Premier League and that's always a bit of a risk.' MORE: Rio Ferdinand fires warning to Eberechi Eze over Arsenal transfer this summer MORE: Liverpool pay tribute to Diogo Jota in first match at Anfield since his death MORE: Arsenal to make significant loss as they begin talks to sell £35m flop
RTHK
29 minutes ago
- RTHK
Trump to name new labour statistics chief this week
Trump to name new labour statistics chief this week US President Donald Trump said that he would pick an "exceptional replacement" to his labour statistics chief. Photo: Reuters US President Donald Trump said Monday that he would pick an "exceptional replacement" to his labour statistics chief, days after ordering her dismissal as a report showed weakness in the US jobs market. In a post on his Truth Social platform, Trump reiterated -- without providing evidence -- that Friday's employment report "was rigged." He alleged that commissioner of labour statistics Erika McEntarfer had manipulated data to diminish his administration's accomplishments, drawing sharp criticism from economists and a professional association. "We'll be announcing a new (labour) statistician some time over the next three-four days," Trump told reporters Sunday. He added Monday: "I will pick an exceptional replacement." US job growth missed expectations in July, figures from the Bureau of Labour Statistics showed, and sharp revisions to hiring figures in recent months brought them to the weakest levels since the Covid-19 pandemic. Trump ordered the removal of McEntarfer hours after the figures were published. "We had no confidence. I mean the numbers were ridiculous," Trump told reporters Sunday. He charged that McEntarfer came up with "phenomenal" numbers on his predecessor Joe Biden's economy before the 2024 election. Even as he called for more reliable data Monday, White House economic adviser Kevin Hassett conceded that the jobs market was indeed cooling. But Hassett maintained in a CNBC interview that this softening did not reflect the incoming effects of Trump's flagship tax and spending legislation -- signed into law early last month. US employment data point to challenges as companies took a cautious approach in hiring and investment while grappling with Trump's sweeping -- and rapidly changing -- tariffs this year. The United States added 73,000 jobs in July, while the unemployment rate rose to 4.2 percent, the Department of Labour reported. Hiring numbers for May were revised down from 144,000 to 19,000. The figure for June was shifted from 147,000 to 14,000. These were notably lower than job creation levels in recent years. During the pandemic, the economy lost jobs. Over the weekend, Hassett defended McEntarfer's firing in an NBC News interview: "The president wants his own people there so that when we see the numbers they are more transparent and more reliable." But Trump's decision has come under fire. William Beach, who previously held McEntarfer's post, said the move set a "dangerous precedent." The National Association for Business Economics condemned her dismissal, saying large revisions in jobs numbers "reflect not manipulation, but rather the dwindling resources afforded to statistical agencies." German Finance Minister Lars Klingbeil on Monday emphasised the importance of supporting "independent, neutral and proven institutions." He said: "It is right that independent institutions remain independent and that politics do not interfere with them." McEntarfer, a labour economist, was confirmed to the commissioner role in January 2024. (AFP)
