
European shares flat as investors cautious ahead of US jobs data
shares
were little changed on Friday, as investors refrained from placing major bets ahead of crucial U.S. jobs data, with persistent
trade
tensions adding to the uncertainty.
The pan-European STOXX 600 held its ground at 551.9 points, as of 0709 GMT, though the index remained on track for a second consecutive weekly gain, if momentum holds.
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A monthly reading of U.S. non-farm payrolls
will
set the tone for the day, and help investors gauge how the Federal Reserve could navigate this uncertain trade environment.
U.S. President
Donald Trump
doubled tariffs on steel and aluminum imports earlier this week, escalating trade tensions.
Following this, the Trump administration requested countries to submit their best offers by Wednesday, but
markets
have yet to see any concrete outcomes.
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The ECB's anticipated
interest rate
cut on Thursday was largely overshadowed by President Christine Lagarde's signals that the central
bank
is approaching the end of its easing cycle, prompting investors to scale back expectations for further cuts.
Shares of sportswear retailers Adidas and Puma slipped nearly 1% and 1.5%, respectively, after U.S. peer Lululemon Athletica cut its annual profit forecast.
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Hindustan Times
2 minutes ago
- Hindustan Times
Sony increases price for PlayStation 5: Here's how much you need to pay now
Sony has increased the price of PlayStation 5, PlayStation 5 Digital Edition, and PlayStation 5 Pro by $50. This comes after Xbox and Nintendo announced a hike. Sony has increased prices for the PS5 series across the US. REUTERS/Andrew Kelly/File Photo(REUTERS) 'Similar to many global businesses, we continue to navigate a challenging economic environment,' Sony stated in a blog post on Wednesday, August 20. It added, "As a result, we've made the difficult decision to increase the recommended retail price for PlayStation 5 consoles in the US starting on August 21.' The price changes follow the US President Donald Trump's announcement of sweeping tariffs on imports from global manufacturing hubs, including China and Japan, which has led to fears of supply chain disruptions and increased material costs, according to Reuters. Also Read: PlayStation 5's lifespan was accidentally revealed: Here's how long you have left before PS6 comes in What's the latest price of PS5? Starting from Thursday, gamers planning to buy the latest consoles from Sony will be required to pay $50 extra compared to the earlier amount. As per the official price announced by Sony, fans in the US will now be required to pay as follows: PlayStation 5: $549.99 PlayStation 5 Digital Edition: $499.99 PlayStation 5 Pro: $749.99 Tariffs drive up console prices Ever since its release in 2020, more than 56 million PlayStation 5 consoles have been sold by Sony, leaving the Xbox Series S and X of Microsoft far behind in sales, Bloomberg reported. The United States had earlier implemented tariffs in a bid to encourage onshore manufacturing. Following this, Nintendo and Microsoft announced that they are increasing the prices for their previous consoles as well as related accessories. The tariffs announced by Trump had even impacted the launch of the Nintendo Switch 2 console across the US, while the company attributed the latest change in the prices of its products to 'market conditions.' Michael Pachter, managing director at Wedbush Securities Inc., stated that the companies are making all possible efforts to "spread the impacts of tariffs across whatever they can'. "Components largely come from places outside the US. Manufacturing is definitely outside the US," Bloomberg quoted Pachter as saying. Also Read: Very happy with China tariffs: Trump official who slammed India over Russian oil Earlier this year, Sony raised PlayStation 5's price in the UK as well as mainland Europe, Australia, and New Zealand. FAQs When do the new prices for PS5 come into effect? Customers need to pay $50 extra starting from August 21, 2025. How much do I need to pay for PlayStation 5? Gamers will have to spend $549.99 to buy the latest console. Has Sony increased prices for PlayStation 5 accessories as well? No, the retail prices for PS5 accessories remain unchanged.


The Hindu
2 minutes ago
- The Hindu
Historic Swedish church arrives at new home after two-day journey
A landmark Swedish church arrived on Wednesday (August 20, 2025) at its new home after a two-day move across the Arctic town of Kiruna, in a move to allow Europe's largest underground mine to expand. The red wooden Kiruna Kyrka, which dates from 1912 and weighs 672 tonnes, completed its five-kilometre (three-miles) journey around 2:30 p.m. (1230 GMT). A musical fanfare celebrated its arrival after a meticulously choreographed relocation that began on Tuesday on two remote-controlled flatbed trailers inching forward at a pace of half a kilometre an hour. Kiruna's entire town centre is being relocated because of the giant LKAB iron ore mine, whose ever deeper burrowing over the years has weakened the ground. A stone's throw from where the structure was inching into place next to the town's cemetery, Lutheran vicar Lena Tjarnberg held a church service for dignitaries in a tent resembling a "laavu", the traditional tent of the region's Indigenous Sami people. "Our beloved, beloved church began its journey yesterday from its unbelievably beloved location. Now it is on its way home," she said. The journey went smoothly for the 1,200-tonne convoy, despite some tricky narrow passages and 90 degree turns, officials said. The relocation has generated widespread interest, with large crowds thronging the streets of the town of 18,000 people. Lisa Weber, a 26-year-old real estate agent, had travelled from her home in Germany to Kiruna to be able to witness what she called a "historical" event. "It's something that you do once in your life, or see once in your life, and it's such a long distance from the old place to the new place," Ms. Weber told AFP, adding it was "very interesting" to see the elaborate process. LKAB said the new location had been "chosen with great care to preserve its character and connection to the surroundings." "The building has been rotated 180 degrees, meaning that the altar now faces west — a symbolic choice that opens the church towards the city and its residents," the state-owned company said in a statement. LKAB added it was attempting to create a "cohesive whole" with other cultural buildings set to be moved. King Carl XVI Gustaf took part in Wednesday's festivities, exchanging a few words with driver Sebastian Druker, an Argentinian, who controlled the trailers remotely with a joystick. The 79-year-old king was also expected to take part in an attempt to break the world record for the number of people attending a "kyrkkaffe", a coffee break in conjunction with a church service. The town's relocation process began almost two decades ago and is expected to continue for years to come. The new town centre was inaugurated in September 2022. Criticism The company offered to financially compensate those affected by the town's relocation, or rebuild their homes or buildings. A total of 23 historic buildings have already been moved before the church, according to LKAB. Yet many Kiruna residents are unhappy. Alex Johansson and Magnus Fredriksson, who host a podcast on local Kiruna news, were critical of the mining company. "LKAB maybe didn't read the room so well when they destroyed the whole town and then they stage this huge street party for the people," Mr. Fredriksson told broadcaster SVT, watching as the church rolled slowly down the road. "It's like they said 'Here's some storage space for you, Kiruna. Now we're going to continue raking in the billions from here'," Mr. Johansson added. They were happy the church had at least been saved, and hadn't ended up "as woodchips like the rest of Kiruna". Iron ore, rare earths LKAB, which is extracting iron ore at a depth of 1,365 metres, announced in 2023 that it had discovered Europe's largest known deposit of rare earth elements right next to the Kiruna mine. Rare earths are essential for the green transition, used in the manufacturing of electric vehicles. LKAB chief executive Jan Mostrom told AFP the deposit was "very important for Europe", as the continent seeks to reduce its dependence on imports from China. Activists argue the mining operations destroy the area's pristine forests and lakes and disturb traditional Sami reindeer herding in the area. The relocation of the church alone was expected to cost LKAB some 500 million kronor ($52 million). Designed by Swedish architect Gustaf Wickman, the church, which measures 40 metres (131 feet) tall, is a mix of influences and includes designs inspired by the region's Indigenous Sami people on the pews. The neo-Gothic exterior features slanting roofs and windows on each side, while its dark interior has elements of national romanticism as well as an Art Nouveau altarpiece and an organ with more than 2,000 pipes. The church's handblown glass windows were removed ahead of the move, replaced with painted plywood. The belltower, which stood separately next to the church, will be moved next week.


Time of India
2 minutes ago
- Time of India
Horoscope Today, August 21, 2025: These zodiac signs face shocking betrayal
Start your day with clarity! Today's horoscope highlights the opportunities and challenges for each zodiac sign. Whether it's career, love, or personal growth, let the stars guide you. Take the advice, stay positive, and make the most of what the day brings. Aries Daily Horoscope Today , August 21, 2025 Today, a casual observation could lead you to notice a hidden opportunity. You may find this in your work, a conversation, or even a small detail around you. Trust your instinct and take the first step towards exploring it. In personal life, your openness will strengthen bonds. Financial matters may benefit from quick thinking. Stay calm and attentive, as even the smallest hint can bring growth. Cosmic Tip: Keep eyes and mind open. Lucky Number: 3 Lucky Colour: Yellow Taurus Daily Horoscope Today , August 21, 2025 You might discover a hidden skill today, something that could open new doors for you. This could be related to your work, hobbies, or even how you solve problems. Your confidence will grow as you explore it, and it may bring unexpected joy. Relationships improve when you share your discoveries with loved ones. Keep your approach simple and steady, and success will follow. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Benefits of Trading Bitcoin CFDs IC Markets Learn More Undo Cosmic Tip: Trust your natural talents. Lucky Number: 6 Lucky Colour: Green Gemini Daily Horoscope Today, August 21, 2025 Today could be the right moment to turn a small idea into action. Something that seemed insignificant before may now hold potential for real progress. Use your communication skills to get support and make it happen. In personal matters, a warm gesture will bring happiness. Keep your thoughts organised, and your energy focused on one goal at a time. Cosmic Tip: Small steps lead to success. Lucky Number: 8 Lucky Colour: Blue Cancer Daily Horoscope Today, August 21, 2025 You may feel inspired to organise a part of your life today, whether it is your home, your work desk, or even your thoughts. This effort will give you clarity and peace. People around you will notice your balanced approach, and it may even inspire them. Financial matters look steady if you plan wisely. Make space for positivity and fresh ideas. Cosmic Tip: Order brings inner peace. Lucky Number: 4 Lucky Colour: White Leo Daily Horoscope Today, August 21, 2025 A gentle reminder from someone could change how you see a situation today. This shift in your outlook might help you solve a problem or handle a relationship more calmly. At work, your flexible thinking can bring better results. In personal matters, being open to advice will make bonds warmer. Take this as a chance to grow from others' wisdom. Cosmic Tip: Listen before you decide. Lucky Number: 5 Lucky Colour: Gold Virgo Daily Horoscope Today, August 21, 2025 You might find joy in exploring a new route or visiting a fresh location today. This change in surroundings can clear your mind and spark fresh ideas. Work matters may benefit from your renewed energy, and personal relationships can grow stronger through shared experiences. Let curiosity guide you, and don't rush through the moment. Sometimes a small change can open big possibilities. Cosmic Tip: New paths bring new energy. Lucky Number: 2 Lucky Colour: Olive Green Libra Daily Horoscope Today, August 21, 2025 Today may inspire you to change how you handle your daily routine. A small adjustment in timing or method could make your work smoother and your mood lighter. You might even discover more free time for personal joys. In relationships, a fresh approach can renew harmony. Stay balanced, yet allow space for flexibility in your day. Cosmic Tip: Small changes create big ease. Lucky Number: 7 Lucky Colour: Light Pink Scorpio Daily Horoscope Today, August 21, 2025 You could feel encouraged to finally start something you have been putting off for long. Whether it is a task, a conversation, or a personal goal, taking the first step today will feel rewarding. Your determination will draw support from others, and progress will be faster than you expect. Keep your focus steady and enjoy the sense of achievement. Cosmic Tip: Begin now, don't delay. Lucky Number: 9 Lucky Colour: Maroon Sagittarius Daily Horoscope Today, August 21, 2025 A fleeting thought today could open the door to a creative breakthrough. Pay attention to those small flashes of ideas, as they may hold the key to solving a problem or starting something exciting. At work, your fresh thinking can impress others. In personal life, sharing your vision will deepen bonds. Keep your mind free and your heart light. Cosmic Tip: Follow the spark without doubt. Lucky Number: 1 Lucky Colour: Purple Capricorn Daily Horoscope Today, August 21, 2025 You may realise today how much you have grown from past challenges. This awareness can boost your confidence and guide you in current decisions. At work, you will feel more capable of handling pressure. In relationships, your maturity will inspire trust. Take a moment to appreciate your own journey and continue moving forward with steady determination. Cosmic Tip: Growth comes from every challenge. Lucky Number: 8 Lucky Colour: Dark Brown Aquarius Daily Horoscope Today, August 21, 2025 Today might show you that the answer you were searching for has been right in front of you all along. A conversation or a simple observation could make everything clear. In work matters, this realisation will save time and effort. In personal life, it may bring comfort and peace. Trust your inner clarity and act on it. Cosmic Tip: Look closely at the obvious. Lucky Number: 4 Lucky Colour: Sky Blue Pisces Daily Horoscope Today, August 21, 2025 You might feel that your timing is finally aligning perfectly today. Plans that seemed delayed could now move ahead smoothly. At work, this is a great moment to present your ideas. In relationships, shared moments will flow naturally. Trust that things are falling into place for a reason, and let your intuition guide the next steps. Cosmic Tip: Trust the natural flow of time. Lucky Number: 6 Lucky Colour: Sea Green Discover everything about astrology at Times of India , including daily horoscopes for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces . Read your detailed Horoscope Today and Horoscope Tomorrow here.