Polish Boxer-Turned-President Set for Showdown With Government
The fight will now turn to where Poland goes next after Nawrocki beat his government-backed rival in Sunday's presidential election runoff. As head of state, the 42-year-old nationalist is able to undermine Prime Minister Donald Tusk by vetoing key legislation, and he promised to 'save Poland' from a 'monopoly of evil power.'
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17 minutes ago
- Yahoo
Roma maintain interest in Florentino Luis
Roma are keeping alive their interest in Benfica midfielder Florentino Luis. The player is still on Frederic Massara's shortlist to strengthen Roma's midfield. According to Il Messaggero, both Florentino and Weston McKennie are two midfielders Roma are keen on based on Gian Piero Gasperini's requirements for the role. Other European clubs are also interested in Florentino, but his arrival in the capital would represent a significant leap in quality for Roma, who are looking for a player capable of completing the defense and ensuring solidity in both phases of the game.
Yahoo
17 minutes ago
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FTSE 100 LIVE: Markets muted as Zelensky to meet Starmer before Trump-Putin summit
The FTSE 100 (^FTSE) fell and European stocks moved cautiously higher on Thursday morning, gaining ground amid rising hopes of a potential ceasefire in the Russia-Ukraine war. UK prime minister Keir Starmer said this week there is a "viable chance" of an end to the conflict ahead of US president Donald Trump's meeting with Russian president Vladimir Putin in Alaska. Trump warned of "very severe consequences" if Putin does not agree to end the war in Ukraine. Trump spoke with European leaders on Wednesday. Starmer said that "any ceasefire would have to be lasting and to be lasting it would need security guarantees[...] That is why we set up this coalition of the willing." Markets in London were also reacting to the latest UK GDP figures, which showed that growth slowed in the second quarter — the latest data point evidencing the shaky ground the UK economy is standing on heading into the autumn budget. London stocks fell about 0.3% at the opening bell. Commodities stocks such as Rio Tinto (RIO.L) and Shell (SHEL.L) were among the top fallers in the index. The DAX (^GDAXI) in Germany ticked up 0.1% Paris's CAC 40 (^FCHI) rose 0.2% The pan-European STOXX 600 (^STOXX) gained around 0.1% ahead of the latest EU GDP reading. Admiral stock pops AJ Bell investment director Russ Mould, said: Bitcoin at record highs Yahoo Finance UK's Brian McGleenon writes: Bitcoin (BTC-USD) surged to a new all-time high above $123,500 (£90,984) in early Thursday trading, extending a week-long rally that has lifted the broader cryptocurrency market. Bitcoin briefly traded at $123,512 before easing back to around $121,700. The world's biggest cryptocurrency is now up more than 6% over the past week, breaking through its previous July peak of just over $120,000. 'Bitcoin's latest rally reflects the blurring lines between crypto and traditional assets, happening faster than institutional adoption timelines predicted,' VOOI CEO and co-founder Will K said. 'While ETFs brought institutions into bitcoin, retail traders are returning to evolved decentralised platforms that have shed their clunky origins.' Read more on Yahoo Finance UK UK industrial production figures outstrip expectations Here are the top line figures: Drop in rental listings spells price rises: RICS Yahoo Finance UK's Pedro Goncalves writes: The supply of new rental properties in the UK has fallen at its fastest rate in five years, according to the Royal Institution of Chartered Surveyors (RICS). The latest survey reveals that 31% of surveyors saw a decline in new instructions from landlords, marking the weakest reading since April 2020. This sharp drop reflects a "firmly negative trend" in the number of rental properties coming onto the market. Despite this downturn in supply, tenant demand remained stable over the three months leading up to July. With fewer properties becoming available, rental prices are expected to continue rising. A net balance of 25% of survey participants anticipate higher rents in the coming months. In the sales market, new buyer inquiries also showed signs of weakening in July. A net balance of 6% of property professionals reported a decline in fresh inquiries from buyers, suggesting a softening in demand compared to June, when a net balance of 4% had observed an uptick. Read more on Yahoo Finance UK Investors bet on a slow in pace of ECB rate cuts: Reuters Reuters has a take on the cooling bets for further interest rate cuts by the European Central Bank. Here's what they said: Dow within striking distance of all-time highs as US rate cut priced in US stock futures slightly pared gains seen on Wednesday. Over the past few sessions there has been a bullish sentiment following the July Consumer Price Index (CPI) report. Though the data showed inflation had ticked up, it increased less than expected. Treasury Secretary Scott Bessent also on Wednesday called on the Fed to lower rates by 150 to 175 basis points. "I think we could go into a series of rate cuts here, starting with a 50 basis point rate cut in September," he told Bloomberg. The result has been a surge in bets that the Fed would cut interest rates at its September policy meeting, especially in light of recent warning signs the labor market is weakening. By Wednesday afternoon, traders had fully priced in a September cut, according to the CME Group, with bets also rising on a potential "jumbo" cut of 50 basis points. Weaker growth bad sign for consumers, say analysts Alice Haine, personal finance analyst at Bestinvest by Evelyn Partners, said: 'More to do', says Reeves Chancellor Rachel Reeves commented on the GDP figures: UK economic growth slows between April and June Pedro Goncalves was up bright and early covering UK GDP. Here's what he found: The UK economy's growth slowed between April and June, according to official figures, as US president Donald Trump's tariffs hit and businesses grappled with higher costs. Figures from the Office for National Statistics (ONS) showed growth in gross domestic product (GDP) slowed to 0.3% in the three months to the end of June, down from a rate of 0.7% in the first quarter. Economists polled by Reuters, as well as the Bank of England, had forecast 0.1% growth in GDP for the April-June period. Growth in the latest quarter was driven by increases of 0.4% in services and 1.2% in construction, while the production sector fell by 0.3% ONS director of economic statistics Liz McKeown said: 'Growth slowed in the second quarter after a strong start to the year. The economy was weak across April and May, with some activity having been brought forward to February and March ahead of stamp duty and tariff changes, but then recovered strongly in June. Read more on Yahoo Finance UK Good morning! Hello again. Lucy Harley-McKeown here, ready for another day of rolling markets coverage for European hours. Two important things we'll be covering off today related to the UK economy: The latest GDP reading The RICS house price index Elsewhere, economic twitchers will be watching the UK industrial, manufacturing and construction output and EU GDP. There are first-half results rolling in from: Aviva (AV.L), Admiral (ADM.L), Antofagasta (ANTO.L) and Savills (SVS.L) In the US, Birkenstock (BIRK) is set to report results. Let's get to stock pops AJ Bell investment director Russ Mould, said: AJ Bell investment director Russ Mould, said: Bitcoin at record highs Yahoo Finance UK's Brian McGleenon writes: Bitcoin (BTC-USD) surged to a new all-time high above $123,500 (£90,984) in early Thursday trading, extending a week-long rally that has lifted the broader cryptocurrency market. Bitcoin briefly traded at $123,512 before easing back to around $121,700. The world's biggest cryptocurrency is now up more than 6% over the past week, breaking through its previous July peak of just over $120,000. 'Bitcoin's latest rally reflects the blurring lines between crypto and traditional assets, happening faster than institutional adoption timelines predicted,' VOOI CEO and co-founder Will K said. 'While ETFs brought institutions into bitcoin, retail traders are returning to evolved decentralised platforms that have shed their clunky origins.' Read more on Yahoo Finance UK Yahoo Finance UK's Brian McGleenon writes: Bitcoin (BTC-USD) surged to a new all-time high above $123,500 (£90,984) in early Thursday trading, extending a week-long rally that has lifted the broader cryptocurrency market. Bitcoin briefly traded at $123,512 before easing back to around $121,700. The world's biggest cryptocurrency is now up more than 6% over the past week, breaking through its previous July peak of just over $120,000. 'Bitcoin's latest rally reflects the blurring lines between crypto and traditional assets, happening faster than institutional adoption timelines predicted,' VOOI CEO and co-founder Will K said. 'While ETFs brought institutions into bitcoin, retail traders are returning to evolved decentralised platforms that have shed their clunky origins.' Read more on Yahoo Finance UK UK industrial production figures outstrip expectations Here are the top line figures: Here are the top line figures: Drop in rental listings spells price rises: RICS Yahoo Finance UK's Pedro Goncalves writes: The supply of new rental properties in the UK has fallen at its fastest rate in five years, according to the Royal Institution of Chartered Surveyors (RICS). The latest survey reveals that 31% of surveyors saw a decline in new instructions from landlords, marking the weakest reading since April 2020. This sharp drop reflects a "firmly negative trend" in the number of rental properties coming onto the market. Despite this downturn in supply, tenant demand remained stable over the three months leading up to July. With fewer properties becoming available, rental prices are expected to continue rising. A net balance of 25% of survey participants anticipate higher rents in the coming months. In the sales market, new buyer inquiries also showed signs of weakening in July. A net balance of 6% of property professionals reported a decline in fresh inquiries from buyers, suggesting a softening in demand compared to June, when a net balance of 4% had observed an uptick. Read more on Yahoo Finance UK Yahoo Finance UK's Pedro Goncalves writes: The supply of new rental properties in the UK has fallen at its fastest rate in five years, according to the Royal Institution of Chartered Surveyors (RICS). The latest survey reveals that 31% of surveyors saw a decline in new instructions from landlords, marking the weakest reading since April 2020. This sharp drop reflects a "firmly negative trend" in the number of rental properties coming onto the market. Despite this downturn in supply, tenant demand remained stable over the three months leading up to July. With fewer properties becoming available, rental prices are expected to continue rising. A net balance of 25% of survey participants anticipate higher rents in the coming months. In the sales market, new buyer inquiries also showed signs of weakening in July. A net balance of 6% of property professionals reported a decline in fresh inquiries from buyers, suggesting a softening in demand compared to June, when a net balance of 4% had observed an uptick. Read more on Yahoo Finance UK Investors bet on a slow in pace of ECB rate cuts: Reuters Reuters has a take on the cooling bets for further interest rate cuts by the European Central Bank. Here's what they said: Reuters has a take on the cooling bets for further interest rate cuts by the European Central Bank. Here's what they said: Dow within striking distance of all-time highs as US rate cut priced in US stock futures slightly pared gains seen on Wednesday. Over the past few sessions there has been a bullish sentiment following the July Consumer Price Index (CPI) report. Though the data showed inflation had ticked up, it increased less than expected. Treasury Secretary Scott Bessent also on Wednesday called on the Fed to lower rates by 150 to 175 basis points. "I think we could go into a series of rate cuts here, starting with a 50 basis point rate cut in September," he told Bloomberg. The result has been a surge in bets that the Fed would cut interest rates at its September policy meeting, especially in light of recent warning signs the labor market is weakening. By Wednesday afternoon, traders had fully priced in a September cut, according to the CME Group, with bets also rising on a potential "jumbo" cut of 50 basis points. US stock futures slightly pared gains seen on Wednesday. Over the past few sessions there has been a bullish sentiment following the July Consumer Price Index (CPI) report. Though the data showed inflation had ticked up, it increased less than expected. Treasury Secretary Scott Bessent also on Wednesday called on the Fed to lower rates by 150 to 175 basis points. "I think we could go into a series of rate cuts here, starting with a 50 basis point rate cut in September," he told Bloomberg. The result has been a surge in bets that the Fed would cut interest rates at its September policy meeting, especially in light of recent warning signs the labor market is weakening. By Wednesday afternoon, traders had fully priced in a September cut, according to the CME Group, with bets also rising on a potential "jumbo" cut of 50 basis points. Weaker growth bad sign for consumers, say analysts Alice Haine, personal finance analyst at Bestinvest by Evelyn Partners, said: Alice Haine, personal finance analyst at Bestinvest by Evelyn Partners, said: 'More to do', says Reeves Chancellor Rachel Reeves commented on the GDP figures: Chancellor Rachel Reeves commented on the GDP figures: UK economic growth slows between April and June Pedro Goncalves was up bright and early covering UK GDP. Here's what he found: The UK economy's growth slowed between April and June, according to official figures, as US president Donald Trump's tariffs hit and businesses grappled with higher costs. Figures from the Office for National Statistics (ONS) showed growth in gross domestic product (GDP) slowed to 0.3% in the three months to the end of June, down from a rate of 0.7% in the first quarter. Economists polled by Reuters, as well as the Bank of England, had forecast 0.1% growth in GDP for the April-June period. Growth in the latest quarter was driven by increases of 0.4% in services and 1.2% in construction, while the production sector fell by 0.3% ONS director of economic statistics Liz McKeown said: 'Growth slowed in the second quarter after a strong start to the year. The economy was weak across April and May, with some activity having been brought forward to February and March ahead of stamp duty and tariff changes, but then recovered strongly in June. Read more on Yahoo Finance UK Pedro Goncalves was up bright and early covering UK GDP. Here's what he found: The UK economy's growth slowed between April and June, according to official figures, as US president Donald Trump's tariffs hit and businesses grappled with higher costs. Figures from the Office for National Statistics (ONS) showed growth in gross domestic product (GDP) slowed to 0.3% in the three months to the end of June, down from a rate of 0.7% in the first quarter. Economists polled by Reuters, as well as the Bank of England, had forecast 0.1% growth in GDP for the April-June period. Growth in the latest quarter was driven by increases of 0.4% in services and 1.2% in construction, while the production sector fell by 0.3% ONS director of economic statistics Liz McKeown said: 'Growth slowed in the second quarter after a strong start to the year. The economy was weak across April and May, with some activity having been brought forward to February and March ahead of stamp duty and tariff changes, but then recovered strongly in June. Read more on Yahoo Finance UK Good morning! Hello again. Lucy Harley-McKeown here, ready for another day of rolling markets coverage for European hours. Two important things we'll be covering off today related to the UK economy: The latest GDP reading The RICS house price index Elsewhere, economic twitchers will be watching the UK industrial, manufacturing and construction output and EU GDP. There are first-half results rolling in from: Aviva (AV.L), Admiral (ADM.L), Antofagasta (ANTO.L) and Savills (SVS.L) In the US, Birkenstock (BIRK) is set to report results. Let's get to it. Hello again. Lucy Harley-McKeown here, ready for another day of rolling markets coverage for European hours. Two important things we'll be covering off today related to the UK economy: The latest GDP reading The RICS house price index Elsewhere, economic twitchers will be watching the UK industrial, manufacturing and construction output and EU GDP. There are first-half results rolling in from: Aviva (AV.L), Admiral (ADM.L), Antofagasta (ANTO.L) and Savills (SVS.L) In the US, Birkenstock (BIRK) is set to report results. Let's get to it. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17 minutes ago
- Yahoo
Sunderland captain decision explained and update on new 'leadership team'
GRANIT Xhaka says he's "incredibly proud" after being named Sunderland captain for the coming Premier League campaign. Luke O'Nien was club captain last season and Dan Neil team captain, but it's new recruit Xhaka who will wear the armband this season, the Black Cats have confirmed. And Le Bris is also in the process of finalising a new leadership team. The make-up of that team will be confirmed at the end of the summer transfer window. RECOMMENDED READING: Sunderland end transfer speculation with new contract for 'integral' star Sunderland 'excitement' as Liverpool 'transfer target' signs new long-term contract Sunderland's 'two or three transfer options' & timeframe for exits as talks continue Explaining his decision, boss Regis Le Bris said: 'In the Premier League, it will be important to have consistency, maturity, and experience. Granit brings all these qualities. "His behaviour so far has been very impressive, and on the field, you can see that his level is high. "Others around him can feel this influence, and his leadership will support the team as we adapt to a different environment and face new challenges and opportunities. "Granit's role will also form part of a new leadership team, which will be finalised following the end of the summer transfer window.' During his glittering career, Xhaka has captained Switzerland, Arsenal Borussia Mönchengladbach and Bayer Leverkusen. The 32-year-old said: 'It makes me incredibly proud to be captain of this club and of this team. "I hope to show my leadership on and off the pitch, helping my team-mates in the training ground and across the club. "To be part of Sunderland's history, alongside some of the names who have worn the armband before, is an honour. "People who know me know exactly what they'll get – I'm someone who demands a lot. I'm a winner and I want to win – and I expect the same from my teammates."
