Swiss central bank plans at least 50 bps rate hike in September, newspaper reports

Swiss central bank plans at least 50 bps rate hike in September, newspaper reports

The Swiss National Bank is currently planning to raise interest rates by 50 or 75 basis points in its next scheduled monetary policy announcement in September, a Swiss newspaper reported on Saturday, citing one or more people involved in the matter. The central bank last month raised its policy rate for the first time in 15 years and Chairman Thomas Jordan said soon afterwards that ongoing inflationary pressure meant further tightening would likely be needed. Data published last week showed Swiss inflation hit a 29-year high of 3.4% in June,…

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European parliament backs ‘historic’ reboot to EU’s digital rulebook

European parliament backs ‘historic’ reboot to EU’s digital rulebook

The European Parliament has given a final stamp of approval to two major pieces of regulation which will update the EU’s rules for digital businesses. The Digital Markets Act (DMA) will introduce new ‘ex ante’ competition rules for gatekeeping tech giants to ensure markets are fair and open; while the Digital Services Act (DSA), which applies more broadly — to services and platforms both large and small — will set governance rules around the handling of illegal content and products, as well as dialling up broader accountability on larger platforms…

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Russia, Belarus athletes may face Paris 2024 ban: IOC’s Reedie

Russia, Belarus athletes may face Paris 2024 ban: IOC’s Reedie

 Athletes from Russia and Belarus may not be allowed to compete at the Paris 2024 Games over Moscow’s invasion of Ukraine, senior International Olympic Committee (IOC) member Craig Reedie said. The IOC issued guidance to sports governing bodies in February to remove the two countries’ athletes from competition. Belarus has been used as a staging ground for Russia’s invasion, which Moscow calls a “special military operation”. “A decision is going to have to be taken on what happens to each of these two countries, and my guess is that the…

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Russia remains barred from international soccer as sports court upholds bans

Russia remains barred from international soccer as sports court upholds bans

Russia remains barred from international soccer competitions including the Champions League after the Court of Arbitration for Sport rejected appeals by the national soccer federation and four clubs on Friday. CAS upheld decisions by UEFA and FIFA which excluded Russian national teams and clubs following Russia’s invasion of Ukraine. Russia was already excluded from men’s World Cup qualifying and the women’s European Championship. Its clubs won’t feature in competitions like the Champions League in 2022-23. “The panel finds it unfortunate that the current military operations in Ukraine, for which Russian…

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2022 World Swimming Championships Results

2022 World Swimming Championships Results

Finals results from the 2022 World Swimming Championships in Budapest at the Duna Arena … Men’s 50m FreestyleGold: Ben Proud (GBR) — 21.32Silver: Michael Andrew (USA) — 21.41Bronze: Maxime Grousset (FRA) — 21.574. Szebasztian Szabo (HUN) — 21.605. Josh Liendo (CAN) — 21.616. Lorenzo Zazzeri (ITA) — 21.817. Lewis Burras (GBR) — 21.838. Kristian Gkolomeev (GRE) — 21.89 Men’s 100m FreestyleGold: David Popovici (ROU) — 47.58Silver: Maxime Grousset (FRA) — 47.64Bronze: Josh Liendo (CAN) — 47.714. Pan Zhanie (CHN) — 47.795. Brooks Curry (USA) — 48.006. Nandor Nemeth (HUN) —…

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U.S. finishes swimming worlds with most medals in history

U.S. finishes swimming worlds with most medals in history

BUDAPEST — The U.S. shattered the record for world swimming championships medals, winning eight more on the final day to finish with 45. It held the previous record of 38 from 2017. The U.S. closed out competition Saturday with gold in the men’s 50m backstroke (Justin Ress, who was disqualified, then had it overturned on appeal) and the women’s 4x100m medley relay. “We have crushed it this whole week,” said Regan Smith, who led off the relay and also won the individual 100m back earlier in the meet. “We’ve had such…

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Germany wins most gold medals at World Games in Birmingham, Italy wins most overall

Germany wins most gold medals at World Games in Birmingham, Italy wins most overall

Germany won the most gold medals at the World Games in Birmingham as competition concluded Sunday afternoon. Germany won 24 gold medals, 7 silver and 16 bronze, for a total of 47, which was second in overall medals. Italy won the most medals overall with 49: 13 gold, 24 silver and 12 bronze. The United States and Ukraine tied for the second-most gold medals with 16 each. Ukraine was third in overall medals with 45, including 12 silver and 17 bronze. The United States was fourth overall in total medals…

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Italy beat Brazil 3-0 to win Volleyball Women’s Nations League

Italy beat Brazil 3-0 to win Volleyball Women’s Nations League

Italian team win final with sets of 25-23, 25-22, 25-22 in Ankara ISTANBUL Italy on Sunday upset Brazil with a 3-0 result to clinch the Volleyball Women’s Nations League. Italy won the final match with sets of 25-23, 25-22, and 25-22 as the game lasted 80 minutes in the Turkish capital Ankara. Paola Egonu of Italy, who will play for VakifBank next season, was named the Most Valuable Player of the tournament. Earlier in the day, Serbia defeated Türkiye 3-0 to claim third place in the tournament.

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Tour de France stage 15 – Philipsen takes victory

Tour de France stage 15 – Philipsen takes victory

How things stand after stage 15 No change at the top… but this race is far from done… General classification after stage 15 1. Jonas Vingegaard (Den/Jumbo-Visma) 60hrs 00mins 50secs 2. Tadej Pogacar (Slo/UAE Team Emirates) +2mins 22secs 3. Geraint Thomas (GB/Ineos Grenadiers) +2mins 43secs 4. Romain Bardet (Fra/Team DSM) +3mins 01secs 5. Adam Yates (GB/Ineos Grenadiers) +4mins 06secs 6. Nairo Quintana (Col/Arkea-Samsic) +4mins 15secs 7. Louis Meintjes (SA/Intermarche-Wanty) +4mins 24secs 8. David Gaudu (Fra/Groupama-FDJ) same time 9. Tom Pidcock (GB/Ineos Grenadiers) +8mins 49secs 10. Enric Mas (Spa/Movistar) +9mins 58secs…

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Women’s Euros preview: Italy, Belgium, Iceland battle to join France in Euro 2022 quarter-finals

Women’s Euros preview: Italy, Belgium, Iceland battle to join France in Euro 2022 quarter-finals

France take on Iceland while Italy face Belgium with second place in Group D, and a quarter-final against Sweden, on the line in the final round of group games as the Euro 2022 group stages draw to a close on Monday With France’s Group D victory already sewn up, the fight to join them in the quarter-final rages between Italy, Iceland and Belgium as the group stages draw to a close. France can metaphorically stick the kettle on – not too far from the home of Yorkshire Tea – after…

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