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Britain on high alert ahead of King’s coronation

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The U.K.’s Security Minister has confirmed anti-monarchy groups will be allowed to protest at the King’s coronation

The coronation of King Charles is just hours away now.

Among the fanfare and celebration, Britain is on high alert.

The U.K.’s Security Minister has confirmed anti-monarchy groups will be allowed to protest at the King’s coronation.

This follows news one group planning a demonstration on the Coronation route was warned of new laws banning “serious disruption”.

The group, called Republic, accused the Home Office of sending an intimidating message.

The security operation will be one of the largest in the history of the Metropolitan Police, with protests and any threats to crowds closely monitored.

The Met’s authority is granted under the Public Order Act, which came into effect on Wednesday.

Just days before this, the Home Office wrote two letters to Republic to list how it had tightened laws on the right to protest.

Republic’s chief Graham Smith says the letter was out of line.

Opinion polls do show support for the monarchy has weakened in recent years.

The coronation comes at a time when Britain is gripped by double-digit inflation, and some residents are questioning the expense of the event.

There’s also the controversy surrounding Prince Harry and Prince Andrew which doesn’t help the monarchy’s cause.

Regardless, the findings from a large survey found well over half of the U.K. would still vote for a constitutional monarchy, with less than a quarter against.

When given five identities to choose from, 39 per cent described themselves as ‘committed’ or ‘mainstream monarchists’ – with 37 per cent identifying as ‘modern republicans’ or in favour of abolishment.

Others chose the ‘neutral’ category, saying that while the monarchy needs to be scaled back, any alternative to it might end up being worse.

King Charles isn’t the most popular royal, either.

He has a positive approval rating of just 54 per cent, well below that of his late mother, on 76 per cent, William, on 64 per cent.

Prince William was out wooing crowds with wife, Kate, in Soho.

But regardless of what you think about the monarchy – the coronation is sure to a be a spectacle and millions will be tuning right around the world to watch.

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Powell warns against further December interest rate cuts

Powell warns against assumptions of further rate cuts, highlighting divisions within the Fed amid ongoing economic uncertainties

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Powell warns against assumptions of further rate cuts, highlighting divisions within the Fed amid ongoing economic uncertainties

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In Short:
– Jerome Powell stated further interest rate cuts are uncertain after recent decreases, aiming to manage market expectations.
– The Fed ended its balance sheet reduction due to lending market disruptions and mixed views on future rate cuts among officials.

Federal Reserve chairman Jerome Powell indicated that further interest rate cuts are not guaranteed following the recent decrease. In a press conference, he stated that a further reduction in December is “far from” certain. His comments aimed to temper market expectations, where the likelihood of another cut was previously estimated at over 90 per cent.In response to Powell’s remarks, yields on the two-year treasury rose, and traders adjusted their expectations, now estimating a 60 per cent chance of a December reduction. Recently, the Federal Open Market Committee voted 10-2 to lower the federal funds rate target range to 3.75-4 per cent, in response to concerns about the labour market.

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The Fed has also announced an end to its balance sheet reduction efforts due to disruptions in short-term lending markets. Since 2022, the bank has reduced its asset holdings by over $US2 trillion following aggressive purchases aimed at stabilising the economy after the pandemic.

Policy Divisions

Recent post-meeting statements highlighted mixed views among Fed officials about the pace of future rate cuts. Powell remarked that uncertainty surrounding economic conditions necessitates a cautious approach. Ongoing government shutdowns have limited policymakers’ access to crucial economic data, complicating decision-making.

Recent labour market developments show slowed job gains, raising concerns about employment. The Fed is also cautious about reducing rates too quickly due to inflation remaining above their 2 per cent target, reflecting a complex economic landscape. Policymakers have struggled with decisions amid data limitations from the government shutdown, impacting their assessments of inflation and economic indicators.


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Trump finalises trade deal with South Korea at summit

Trump and South Korea finalise trade deal as he prepares for vital summit with Xi Jinping in Busan

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Trump and South Korea finalise trade deal as he prepares for vital summit with Xi Jinping in Busan

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In Short:
– Trump and South Korea’s Lee finalised a trade deal requiring $350 billion in U.S. investments.
– Trump anticipates favourable talks with China to reduce tariffs and improve relations.

Donald Trump and South Korean President Lee Jae Myung finalised a contentious trade deal at a summit in South Korea on Wednesday. The U.S. President expressed optimism about an upcoming summit with China’s Xi Jinping.The agreement, unveiled in late July, stipulated that South Korea would make $350 billion in new investments in the U.S. to avoid significant tariffs on imports. However, negotiations on the investment structure had stalled.

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Trump and Lee reached a compromise allowing Seoul to divide its $350 billion investment into $200 billion in cash, paid in $20 billion instalments. The remaining $150 billion will be allocated to shipbuilding investments.

Upon arrival from Tokyo, following a North Korea missile test, President Trump received an extravagant welcome in the historic city of Gyeongju, the venue for this year’s Asia-Pacific Economic Cooperation forum.

His discussions with Xi are scheduled for Thursday in Busan. Trump downplayed the North Korea missile test and focused on his meeting with Xi, the leader of the world’s second-largest economy.

“I think we’re going to have a very good outcome for our country and for the world,” Trump stated. He anticipates reducing U.S. tariffs on Chinese imports in exchange for China agreeing to control the export of fentanyl precursor chemicals. The Wall Street Journal reported that tariffs could be halved from the current 20%.

China’s foreign ministry indicated that the upcoming meeting would foster positive developments in U.S.-China relations.

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December rate cut all but locked in

Australia’s economy struggles; rate cut impending but signals deeper issues, not recovery. #RBA #InterestRates #FinanceNews

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Australia’s economy struggles; rate cut impending but signals deeper issues, not recovery. #RBA #InterestRates #FinanceNews


Australia’s economy is losing steam, with weak consumer confidence, falling job ads, and a struggling construction sector, a December rate cut now seems inevitable. But it won’t be a win, it’ll be a warning.

#RBA #InterestRates #AustraliaEconomy #Inflation #Growth #Recession #FinanceNews #CPI #Economy #RateCut


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