Waters Financial News

In an op-ed for the Financial Times, Haldane argues the decision by central banks not to pay interest on citizen CBDC holdings reinforces a regressive tax levvied on consumers who rely on cash."Physical cash is an interest-free loan to government, a direct tax on citizens levied in proportion to their cash holdings at a tax rate given by the interest rate," he writes. "Most people are blissfully unaware they are being taxed in this way.

A class action against collapsed engineering group RCR Tomlinson will make a second attempt at mediation this month as investors question why the lawsuit has taken almost five years to resolve.

When Mario Silvera steers his Chinese-made electric vehicle around the streets of Sydney, he is driving the consumer trend that has inspired two Australian companies to invest $104.9 million on the creation of a homegrown, value-added lithium product.

«The maximum (amount) of rainfall recorded during this storm, which was 744.8 millimetres, occurred at the Wangjiayuan Reservoir in Changping,» the Beijing Meteorological Service said. It was the «heaviest rainfall in 140 years», when Beijing records began, it added. The largest volume previously recorded was 609 millimetres in 1891, the service added.Storm Doksuri, a former super typhoon, swept northwards over China after hitting southern Fujian province last week, following its battering of the Philippines.

Environmentalists have filed a lawsuit to prevent the construction of a new potash mine they say would devastate a lake ecosystem in the drought-stricken western Utah desert

The Dutch government says a fire that had been burning on board a cargo ship carrying thousands of new cars appears to have burnt itself out after nearly a week

hurricane season in the Atlantic typically gains momentum. Historically, the three most active months for hurricanes in the region are August, September, and October, spanning from June to November. American Forecasters have expressed confidence in the likelihood of an unusually busy hurricane season this year. The CSU team predicted a «borderline hyperactive» season with up to nine hurricanes forming in the Atlantic basin during 2023. This upgrade was primarily attributed to the presence of extremely warm ocean waters, a favorable environment for storm formation, which could counteract the suppressing effects of El Niño, as per USA Today. As we delve deeper into August, meteorologists using weather forecasting models have noticed a potential increase in the necessary ingredients for storm development. The first two months of this season have already been quite active, with five storms and one hurricane reported by the end of July. This ranks as the fourth-most active start of any season since 1851. Fortunately, the United States has not faced any significant threats from tropical storms or hurricanes so far. June saw notable activity with three named storms, including Arlene, which brought some rain to South Florida after forming in the Gulf of Mexico. Additionally, two storms, Bret and Cindy, formed in the «main development region,» an unusual occurrence for June. This region in the Atlantic is known for generating many significant storms, especially during the peak of the season. However, neither Bret nor Cindy had any impact on the US. In July, there was a lull in storm activity, with only one named storm, Don, which briefly reached hurricane status in the open Atlantic.

BJP on Tuesday slammed the government in a series of tweets, calling it anti-Kannadiga, a rhetoric which ironically the Congress had employed in the recent assembly elections towards the then-incumbent BJP. The saffron party called out the government over several decisions, from cancelling the construction of a statue of Karnataka’s goddess Bhuvaneshwari devi in Bengaluru to getting government school uniforms stitched by a Maharashtra-based company rather than a Kannadiga one.

Barbie’, but don’t ignore pink eyes!Conjunctivitis, also known as the ‘pink eye syndrome’, is a common yet painful ocular disease. It occurs due to the inflammation of the conjunctiva, the thin membrane that covers the white part of the eye. The infection is contagious and can spread rapidly from one individual to the other. In a press release, Dr. TS Sujatha, General Ophthalmologist and Cataract Surgeon at Dr. Agarwal's Eye Hospital explained that high humidity during the rainy seasons generations growth of bacteria, leading to more conjunctivitis. “The prevailing high humidity during the rainy season fosters viral growth, creating favorable conditions for the spread of conjunctivitis. Areas with frequent water logging and regions where hygiene practices are not well-maintained, such as slum dwelling areas, are at higher risk for transmission. Children, their family members, and even healthcare workers have been significantly impacted, making up almost 30-40% of the affected group.” she explained in the statement.

By Ananth Aravamudan

EV startup, Exponent Energy has showcased its proprietary energy stack — battery pack, charging station and charging connector — that together claims to offer 15-minute rapid charge. Exponent claimed that EVs powered by its stack are 30% more affordable due to optimised battery capacity which are 30% smaller, and 5 year financing (powered by 3000 cycle life warranty). Additionally, the company claimed, 15-minute rapid charging reduces EV charging cost by 33%. “At Exponent, we’re building the future of energy that combines cutting-edge engineering with real world economics, and our off-board thermal management system is a testament to that belief. For everyone to go electric, consumers need EVs that charge faster, last longer, and cost lesser. Our unique twosided approach to 15-minute rapid charging makes EVs last 3 times longer and cost 30% less than conventional EVs," said Arun Vinayak, CEO and Co-founder, Exponent Energy.

Bhilwara on Monday following a Class 8 girl and her parents' claims and a police complaint that two students from the minority community mixed «human urine in her water bottle» at school. As per ToI report, the incident reportedly took place on Friday, and the clashes escalated when police visited the government school in Luhariya village, Mandal area, to investigate the matter and encountered protesters. Nine individuals were arrested for «disturbing peace,» and heightened police deployment was implemented to prevent further violence.

Business Insider. Despite the death of Titan passengers, Sohnlein said that this should not stop humans, further adding that humanity must push the limits of innovation, the report added. His aim to send humans to Venus is not part of OceanGate, but his another company Humans2Venus of which he is a Founder and Chairman.

Beijing, state media said Tuesday, in downpours that have submerged roads and deluged neighbourhoods with mud.Storm Doksuri, a former super typhoon, had swept northwards through China since hitting southern Fujian province on Friday after first scything through the Philippines. Heavy rains began pummelling Beijing and its surrounding areas on Saturday, with nearly the average rainfall for the entire month of July dumped on the capital in just 40 hours. Swathes of suburban Beijing remain badly hit by the rains — some of the city's heaviest in years.

Hindustan Times. The average rainfall in Mumbai Metropolitan reported from 8 am of 30 July to 31 July was 2.75 mm in Mumbai city, 12.43 mm in Eastern suburbs while 10.42 mm in Western suburbs. The water stock also in the city as of 6 am yesterday stood at 75.54 percent.

Two pipeline operators have agreed to pay a $12.5 million civil penalty related to crude oil spills in 2015 in Montana and in 2016 in North Dakota

supermoon, known as the «Blue Moon.» Additionally, the Perseids meteor shower will be happening from July 14 to September 1, with the best nights to watch being August 12-13. Moreover, Saturn, the solar system's second-largest planet, will be highly visible on August 27, showcasing its iconic rings and some of its 83 moons.

Victoria will go it alone on its ban of natural gas in new homes from next year, with other state governments rejecting the move on Monday.

NITI Aayog released its national Multidimensional Poverty Index (MPI) for 2023. The big takeaway was that between 2015-16 and 2019-21, about 135 million people were lifted out of poverty. A few weeks earlier, PRICE, an independent not-for-profit think tank, released its latest consumer survey.

Supreme Court's observation that 'city after city is getting into bad shape' is spot on. From the sinking of Joshimath to the inundation of parts of New Delhi to flooding in cities and towns, it has been a story of urban unravelling. Fixing this situation will require planning that balances growth, ecological integrity and access to services and opportunities as the cornerstone of India's urban expansion.

The scorching summer heat has theme-park operators scrambling to make visitors more comfortable as the industry seeks to draw back crowds coming out of the pandemic. Park operators across the U.S. are extending hours into the evening and rolling out more misters, known in the industry as “scare-conditioning" because it looks like spooky fog.