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The Latest Breaking News from ECB

Powell: 'No guarantee' Fed can tame inflation, spare jobs

Federal Reserve Chair Jerome Powell said there’s “no guarantee″ the central bank can tame runaway inflation without hurting the job market

The Independent UK

Andrew Gale ‘not willing to engage’ in ‘tainted’ ECB racism disciplinary process

Gale denied Azeem Rafiq’s allegations against him and described him as an “embittered former colleague”.

The Independent UK

Axed Yorkshire coach Andrew Gale breaks Azeem Rafiq silence accusing ECB of 'witch-hunt'

Andrew Gale has broken his silence on the Yorkshire racism scandal, categorically denying Azeem Rafiq's allegations of racism and accusing the ECB of looking for "scapegoats"

Daily Mirror

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Former captain Andrew Gale hits out at Yorkshire and ECB ‘witch-hunt’

Gale was sacked by Yorkshire last year but earlier this month won an unfair dismissal claim against the club

The Independent UK

Camelot loses legal bid to stop National Lottery licence handover; UK petrol price at record – as it happened

Camelot loses legal bid to prevent the handover of the National Lottery licence to rival Allwyn

The Guardian - UK

Europe's central bank ready to 'stamp out' surging inflation

The head of the European Central Bank says it will move gradually to combat soaring consumer prices with interest rate hikes in July and September but will keep its options open to “stamp out” inflation if it surges faster than expected

The Independent UK

Cost of living: Pension jump touted, change to your Tesco, Lidl, Dunnes spend and mortgage boost

Budget 2023 is now highly anticipated as many across the country hope new measures will be introduced to alleviate some financial pressure

Irish Mirror

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Boots £5bn sale abandoned; Heathrow landing fees to fall; petrol at new record – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Central bank policymakers should not assume reputations will recover

As inflation soars, the Fed, ECB, Bank of England and others are more regularly challenged than in the past

The Guardian - UK

Michael Vaughan: BBC staff condemn ‘damaging and embarrassing’ decision to stand by former England captain

In a letter published by The Cricketer, BBC staff called the recall of Vaughan a ‘shocking miscalculation’ while he remains implicated in the Yorkshire racism scandal

The Independent UK

Central Bank Chiefs Meet to Discuss Inflation Challenge

Central bank chiefs and economists gather Monday evening at their annual forum in southern Portugal to discuss the best approach to the inflationary challenges exacerbated by Russia's invasion of Ukraine. Some 200 delegates will attend the ECB Forum on Central Banking at a luxury hotel in Sintra, west of Lisbon,…

Asharq Al-Awsat

History turns full circle as G7 alarm bells ring over energy once again

First meeting in 1975 grappled with the oil shock – now it is Russia’s war in Ukraine creating angst

The Guardian - UK

Beware the global ripple effect from Fed rate hike

At its June 14-15 meeting, the Federal Reserve decided to hike its Fed Funds Rate by 75 basis points, the largest single hike since 1994, to 1.5-1.75% in order to tame inflation.

Bangkok Post

EU leaders tackle inflation, energy shocks from Russia's war

European Union leaders are discussing their response to the severe economic turbulence looming over the coming months as the full impact of Russia’s war sinks in and the threat of recession rises

The Independent UK

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The Hindu

Adil Rashid to miss white-ball series against India for Hajj pilgrimage

India take on hosts England in a white-ball series, including three T20Is and as many ODIs from July 7 to 17

The Times of India

England's Adil Rashid to miss India white-ball series for Hajj pilgrimage

LONDON: England will be without the services of Adil Rashid in next month's white-ball series against India as the leg-spinner has received clearance from the country's cricket board (ECB) to make Hajj pilgrimage to Mecca.

The Guardian - UK

Yorkshire would have gone bankrupt without Tests return, admits Lord Patel

Lord Patel, Yorkshire’s chairman, said: ‘Back in November, this Test seemed a very distant opportunity,’ and called for ‘systemic change’ in English cricket

The Independent UK

Ben Stokes stresses England players have ‘a responsibility on and off field’ ahead of Headingly Test

The Headingley Test, which at one point looked in danger due to racism allegations at Yorkshire, gets under way on Thursday

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The Guardian - UK

Lord Patel must see off Yorkshire backlash if reforms are to work

Four ex-Yorkshire chairmen want an inquiry into the ECB’s handling of the Rafiq affair, but the new one needs backing

Daily Mirror

Cricket fraudster Allen Stanford alleges England stars 'still contact' him in prison

Allen Stanford, who was convicted of running a $7bn Ponzi scheme, infamously staged a winner-takes-all T20 match involving England just one year before he was charged with fraud by the SEC

Evening Standard

No clean slate yet as shadow of Yorkshire racism scandal hangs over Headingley

The words ‘Clean Slate’ are plastered all over Headingley’s pavilion for tomorrow’s Third Test between England and New Zealand.

Daily Record

Livingston Cricket Club youngsters fall just short of national success

The club's under-13s performance in the ECB Vitality Cup highlighted a great weekend for the club

The Independent UK

On this day in 2012: ECB hands Danish Kaneria lifetime ban for spot-fixing

His then Essex team-mate Mervyn Westfield was also given a five-year ban after pleading guilty to one offence.

Evening Standard

In the race to catch up with inflation, the Bank of England lags behind

In greyhound races, the hare always wins. The greyhounds settle for the minor places. Head to Romford and you might catch tonight’s last race, in which Our Boy Walker is scheduled to go head-to-head with, among others, Bubbly Maniac. May the best dog come second.

Reuters

Ukrainian refugee influx could ease euro zone labour shortage: ECB

The influx of Ukrainian refugees into the European Union could gradually ease labour shortages in the euro zone as some of those fleeing the war are likely to settle permanently, the European Central Bank said on Monday.

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