QUEEN ELIZABETH II, BRITAIN’S LONGEST-REIGNING MONARCH, DIES AT 96

London — Queen Elizabeth II, Britain’s longest-reigning monarch and one of the most enduring royal personalities the world has known, has died at the age of 96. Buckingham Palace confirmed that the queen died Thursday at Balmoral Castle, her official residence in Scotland. “The Queen died peacefully at Balmoral this afternoon. The King and The Queen Consort will remain at…

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NANCY PELOSI LANDS IN TAIWAN, DEFIES CHINA

Taipei, August 2 US House of Representatives Speaker Nancy Pelosi arrived in Taiwan on Tuesday night despite threats from Beijing of serious consequences, becoming the highest-ranking American official to visit the self-ruled island claimed by China in 25 years. Voices support The visit honours America’s commitment to supporting Taiwan’s vibrant democracy. Nancy Pelosi, US House Speaker Pelosi’s visit has triggered…

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WOMEN’S EURO FINAL ENG VS GER HIGHLIGHTS: ENGLAND BEATS GERMANY TO WIN EURO AFTER CHLOE KELLY WINNER

Welcome to TIRUVANNAMALAINEWS.COM’s live blog of the Women’s Euros 2022 final between England and Germany at the Wembley Stadium, London. Sarina Wiegman has another Euro winner’s medal to take home. After leading her home side, the Netherlands, to the title in 2017, she has completed the unprecedented task of taking England to the Continental title. There are tears of joy…

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Netflix loses almost a million subscribers

After enjoying a long reign as the king of streaming, Netflix faces a tough fight to keep its crown. It lost almost 1m subscribers between April and July, as the number of people quitting the service accelerated. But that was not as many as the streaming giant had feared. Asked what may have stopped subscriptions sliding further, the firm’s chief…

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Amazon offers to limit use of merchant data in bid to settle EU antitrust probe

Amazon has offered to limit its use of marketplace seller data and make changes to ‘Buy Box’ rankings in a bid to settle antitrust concerns in the European Union, the Commission confirmed today. It has also offered to revise how sellers can quality for inclusion to Prime; and allow them to choose their own delivery firm and negotiate terms directly…

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Dutch central bank fines Binance 3.3 million euros

The Dutch central bank (DNB) on Monday said it had fined Binance, one of the biggest cryptocurrency exchanges, 3.3 million euros ($3.35 million) for offering services in the Netherlands without being registered in the country. The fine was issued against Binance Holdings Ltd. in April 2022, following a public warning issued against Binance in August 2021, DNB said. The bank…

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Crypto lender Celsius defends bitcoin mining plans as bankruptcy kicks off

Cryptocurrency lender Celsius Network said bitcoin mining is key to the company’s restructuring efforts at a U.S. bankruptcy court hearing on Monday in Manhattan. New Jersey-based Celsius received approval from U.S. Bankruptcy Judge Martin Glenn to spend $3.7 million in construction costs at a new bitcoin mining facility and $1.5 million on customs and duties on imported bitcoin mining rigs.…

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EU cuts euro zone growth forecasts, revises up inflation outlook

The European Commission cut its forecasts for economic growth in the euro zone for this year and next and revised up its estimates for inflation on Thursday largely due to the impact of the war in Ukraine. In its quarterly forecasts, Brussels confirmed its more downbeat outlook, which it had already discussed with euro zone finance ministers on Monday The…

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The hike is (almost) here! Now for what comes next: Five questions for the European Central Bank

The European Central Bank is set to deliver its first interest-rate hike since 2011 this week, yet markets are already fast-forwarding to focus on the path for higher rates beyond Thursday as economic prospects darken. That outlook is getting murkier by the day because inflation is still accelerating and growth slowing sharply. “The trade off the ECB is facing is…

View More The hike is (almost) here! Now for what comes next: Five questions for the European Central Bank

US dollar nudges down from multi-year highs as euro gasps for gas

The dollar began the week nudging down from multi-year highs, with a hotter-than-forecast inflation reading in New Zealand lending modest support to the kiwi, though fears about Europe’s gas supply put a cap on dollar selling. The greenback has soared this year thanks to a combination of rising U.S. interest rates and wobbling economies in Europe and China. It pushed…

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