Amber warnings signal the risk of damaging winds, while heavy downpours have left rivers rising. Flood warnings cover locations across England, Wales and Scotland as the storm continues into Sunday
The Environment Agency introduced navigation restrictions on the River Thames waterway from St John’s Lock in Gloucestershire to…
The Met Office has issued 'danger to life' amber weather warnings for Storm Boelo, which arrives just after Storm Austen caused serious damage in the South West
The UK government has launched the ‘Be Ready campaign and urged people to store essential items such as food, water, cash and more at home for up to three days. Here’s why it is important amid wildfires, storm, cybersecurity threats and more in the nation.
Ultra-endurance swimmer Catherine Breed navigated waves, wildlife and pollution to become the first person to swim from state’s northern-most tip to Mexico borderNearly four months ago, Catherine Breed, a 33-year-old from the San Francisco Bay Area, set out to become the first person to swim the entire coastline of California – from its northern-most tip to the border with Mexico.
She and her support team prepared for encounters with sharks and storms. They hadn’t anticipated completing the marathon swim during a year of historic super El Niño weather.But after dodging hurricanes, wildlife and 8ft waves in an unusually volatile Pacific Ocean, Breed finally celebrated the end of her journey on a beach in San Diego on Monday.
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Parts of Queensland, Victoria and South Australia can expect severe storms on Saturday, moving into NSW and Tasmania by SundayGet our breaking news email, free app or daily news podcastSevere thunderstorms and heavy rain will sweep across most Australian states this weekend, adding to the deluge in an already drenched Queensland.Flash flooding in south-east Queensland this week prompted hundreds of SES callouts and the closure of multiple schools.
On Saturday morning, the Bureau of Meteorology had nine flood warnings in place for south Queensland. Continue reading...
The prime minister said the government is having conversation about emergency preparednessA DUP minister has said he is confident MP Carla Lockhart will stay in the party despite leaving its main decision-making body amid a row with party leadership over the future of Stormont.Lockhart is at odds with DUP leader, fellow MP Gavin Robinson, over whether the party should withdraw deputy first minister Emma Little-Pengelly from the power-sharing executive.
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Some areas may suffer flooding following heavy rain before Storm Boelo hits Scotland and Northern Ireland
Environment Canada says winds from the north are gusting at 65 kilometres per hour and are expected to diminish to 45 kilometres per hour by midnight.
Exclusive: Angela Eagle tells utility bosses next price review ‘must focus on value for money for customers’UK politics live – latest updatesMinisters will make an unprecedented intervention in water bills and how companies prioritise investment, directing bosses to bring down costs and stop leaks and sewage overflows.Angela Eagle, the environment secretary, has told suppliers in England and Wales she plans to intervene in the next price review – conducted by the water regulator, Ofwat.
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The Met Office has issued several 'danger to life' weather warnings for Storm Austen, with the Environment Agency issuing urgent flood warnings for parts of Dorset and Devon
Storm Adam brings torrential rain to Valencia, Alicante and Balearic Islands, as Storm Austen strikes England and WalesStorm Adam brought torrential rain to eastern Spain earlier this week. In Pego, Alicante, 632mm fell in 36 hours, with 430mm of this falling in just six hours, while the Valencian town of Olivia received 600mm in 24 hours.The severe flooding led 145 municipalities across Valencia and Alicante to impose a temporary lockdown on about 850,000 people on Monday.
At least five people have died, 500 have been rescued and 2,100 evacuated. Continue reading...
The Environment Agency has issued two flood warnings and 10 flood alerts covering areas in Devon, Dorset, Wiltshire and the Midlands
The Met Office has issued a 'danger to life' warning, with the Environment Agency issuing urgent flood warnings for parts of Dorset and Devon
Rolling coverage of the latest economic and financial newsGood morning, and welcome to our rolling coverage of business, the financial markets, and the world economy.A fresh wave of selling hit AI stocks around the world overnight, as investor grow increasingly anxious around the sustainability of AI-fuelled returns.As storm Austen hits these shores this morning, clouds kept darkening for markets yesterday, as the wobbles of recent weeks all collided at once.
First, there was mounting stress around France, with the Franco-German 10yr spread (+14.8bps) seeing its biggest daily widening since the initial pandemic turmoil in March 2020.Second, AI fears continued to gather pace, with the Philly semiconductor index (-6.72%) falling to its lowest level since July, which dragged down equities more broadly.
And third, the latest geopolitical fears meant oil prices kept rising as well, with Brent crude (+4.00%) hitting a 5-month high of $113.17/bbl.…In the midst of all these market pressures, an interesting theme was the flight to US Treasuries, which returned to its traditional risk-off role in periods of turmoil.
In fact, the 10yr yield fell -16.6bps to 4.95%.Moreover, that came despite some strong US data, demonstrating how the financial stress was weighing on sentiment rather than the fundamentals. For instance, the weekly initial jobless claims fell to a 3-month low of 194k in the week ending October 17 (vs.
200k expected). And in turn, that pushed the smoother 4-week moving average to its lowest since September 2022, back when the unemployment rate was just 3.5%.Given the more than 50% retreat in memory chipmakers’ share prices from their peaks, we could now argue that their exponential rise was a bubble, and that the bubble has burst.These memory chip companies continue to benefit from strong AI-related demand, and they’re trading at very low forward earnings multiples: Samsung and SK Hynix at around 3–4× — yes, 3–4 times! Alas, buyers are nowhere to be found.The drop in retail sales in September and sharp fall in consumer confidence in October raises the risk that the economy’s recent run of resilience might be coming to an end.At least part of the drop in retail sales in September can be attributed to warm weather dampening demand for winter clothing, which might reverse in October.7am BST: British retail sales9am BST: Flash PMI for Eurozone9.30am BST: Flash PMI for UK, construction statistics for Great Britain 202511.30am BST: Russia’s interest rate decision3pm BST: Flash PMI for US, University of Michigan’s US consumer confidence index Continue reading...
The Met Office has issued a 'danger to life' warning, with the Environment Agency issuing urgent flood warnings for parts of Dorset and Devon