Daily Archive: August 10, 2017


Israel’s Getting a New Wall, This One With a Twist

The military is building an underground barrier around the Gaza Strip, designed to cut off tunnels beneath the Israeli border and thwart Hamas.


Iran Bans Two Soccer Stars for Playing Against Israelis

Masoud Shojaei, the national team captain, and Ehsan Haji Safi, a key member of Iran’s World Cup-bound team, played with their club team in Greece against an Israeli team.


Markets jittery over North Korea ahead of UK trade and factory data – business live

All the day’s economic and financial news, including new UK industrial production and trade figures

Latest: Investors cautious over North Korea
North Korea details Guam strike plan and calls Trump ‘bereft of reason’
The agenda: Did Britain narrow its trade gap in June?

8.39am BST

The growing tensions between North Korea and the United States are continuing to weigh on the financial markets today.

The response from Pyongyang was its most public and detailed threat to date, and evidently meant to goad the US president.

Trump had “let out a load of nonsense about ‘fire and fury’ failing to grasp the ongoing grave situation. This is extremely getting on the nerves of the infuriated Hwasong artillerymen of the KPA.”

Related: North Korea details Guam strike plan and calls Trump ‘bereft of reason’

The escalation of the rhetoric between the US and North Korea is keeping market participants on their toes and with no fresh economic reports the price action is dictated by the headlines.

8.13am BST

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

Today we discover whether the weak pound is helping Britain’s factories, and making a dent in her trade deficit.

Trade volume growth appears to be moving in the right direction, with exports up 3.8% 3m/3m in May 2017, and imports growing more slowly at 2.8%. And the surveys back up anecdotal evidence that UK exports are responding to sterling weakness.

However, so far, this has done little to reduce the trade deficit in absolute terms. We expect another relatively hefty deficit in June.

Continue reading…


David Cameron’s legacy is soaring child poverty – with worse to come | Frances Ryan

The architects of austerity do not suffer the consequences of their cruel policies. They leave that to the poorest in the UK, and their babies and children

The starkest sign that the way society’s being run has gone wrong isn’t simply the harm that’s being endured – say, mass child hunger – but the fact that those watching no longer care. For some reason that thought came into my mind this week, as it emerged David Cameron has a “Calm down, dear – it’s only a recession” poster in his £1.5m second home.

“I can’t even afford food or a cot bed for her.” “I worry about making payments, bills …” “We’re only able to feed our children, not ourselves.”

Related: I know what it’s like to spend school holidays hungry. So do today’s kids | Dawn Foster

Related: The end of child poverty? Not with the Tories in power | Polly Toynbee

Continue reading…