US aims to raise $20bn ‘facility’ to support Argentina’s struggling economy | Business and Economy News

The additional boost, which comes on top of a $20bn currency swap, comes shortly before Argentina's midterm elections.The head of the United States Treasury, Scott Bessent, has announced he is working to corral the private sector around a new $20bn “facility” to support Argentina’s embattled economy.“We are working on a $20bn facility that would be adjacent to our swap line, of private banks and sovereign wealth funds that I think would be more aimed at the debt market,” he told reporters on Wednesday in Washington, DC.Recommended Stories list of 3 itemsend of listBessent added that he had spent “weeks” working on the private-sector solution to Argentina’s upcoming debt payments, which would come on top of the $20bn currency swap the US Treasury recently set up to prop up the country’s peso.“So that would be a total of 40 billion for Argentina,” he said, in remarks that triggered a rebound on Argentinian stocks.Bessent’s comments mark the latest round of US support for Argentina’s right-wing populist leader Javier Milei, whose party faces an uphill battle in the country’s midterm elections later this month.Milei enacted sweeping budget cuts after taking office in 2023 in a bid to quell inflation and turn the Argentinian economy…

Continue ReadingUS aims to raise $20bn ‘facility’ to support Argentina’s struggling economy | Business and Economy News

How cilia choreograph their “Mexican wave”, enabling marine creatures to swim

New research has unravelled the mystery of how microscopic cilia coordinate to move and propel marine creatures through water. Cilia are tiny, hair-like protrusions found in many organisms, including humans and many aquatic animals. Almost all marine plankton have a life stage where they have cilia, which act like microscopic oars,  fundamental to the organism’s  ability to feed, move and disperse through water, avoid predators, and select suitable habitats. Proper coordination of cilia is essential for the normal physiology of many organisms, from single cells to humans. Yet despite decades of research, the mechanisms of cilia coordination remain disputed. Scientists have  particularly investigated  how coordinated waves of activity known as metachronal waves occur, which are fundamental to moving the organism effectively. These patterns travel through the array of beating cilia like a Mexican wave through a crowd. To address this question, a team at the University of Exeter studied the larvae of the marine rag worm Platynereis, selected for its spherical body shape with one single band of cilia, and a very simple nervous system. Their research, funded by the European Research Council (ERC) and Wellcome, and published in Science Advances, used whole-body high-speed imaging to examine the wave behaviour, and…

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Teens are ‘terminally online’ and checking phones in lessons

A secondary school plans to become a phone-free space after pupils were able to view disturbing videos online.Will Penny, head teacher of Backwell School in Somerset, said he was considering spending £20,000 on magnetic locking pouches so that pupils are not tempted to use their phone during the day.The move comes as a study by the University of the West of England (UWE) in Bristol found up to 25 per cent of pupils surveyed had a wide range of negative experiences with their smartphones.Student Bobby, aged 15, said some of his friends are "terminally online" and will monitor their social media throughout the school day.UWE's research also found parents underestimated the types of harmful content their children were viewing.During one incident after the assassination of Charlie Kirk in the USA, a disturbing video began being shared online.Mr Penny said: "They'd been circulating on WhatsApp groups and Snapchat in total graphic detail."We tried to remind children about what is suitable to watch online and appealed to parents as well, about putting parental controls on phones."There have also been incidents where Year 7 pupils have been exposed to inappropriate language or images on WhatsApp groups. School leaders are now looking into rolling out…

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Mary Arches “co-living” developer resists “miniscule” room size criticisms as design revisions prompt further consultation

Eutopia Homes has submitted minor design revisions to its application for full planning permission for a 300-bed seven storey “co-living” complex between Bartholomew Street East and Mary Arches Street, triggering a second public consultation on the plans.It has resisted criticism of the tiny room sizes in the development, which it wants to build at quadruple the recommended local plan density on the 0.49 hectare Mary Arches car parks site between a pair of student accommodation blocks providing 158 beds and another 383 “co-living” units in two blocks that are set to replace Harlequins shopping centre in Paul Street.In a statement summarising its response to a brief public consultation on its plans in July and a “follow-up design workshop” held in August, it said it had increased building footprints and removed twelve rooms to provide eleven communal kitchens in what would now be a 297-bed complex.On several floors two of these kitchens would be shared between 72 studios, with an average of one between 27 across the whole scheme.All it said on the subject of the size and layout of the rooms it plans – each of its “standard” units would squeeze a bathroom, toilet, kitchenette, living area, desk, wardrobes, storage and…

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Lorry fire on M5 near Exeter causes delays and long queues

A lorry fire has forced the closure of part of the M5 in Devon.The fire broke out on the northbound side of the motorway between junctions 30 and 29 in Exeter at about 11:35 BST, said Devon and Somerset Fire and Rescue Service.Firefighters issued a warning for residents and businesses near the scene to close their windows and doors due to the amount of smoke from the blaze.National Highways said the lorry was transporting batteries and domestic appliances with nine miles (14.48km) of queues reported in the area, leading to 120 minutes worth of delays. A diversion was up for motorists to use.A fire service spokesperson said the Environment Agency had been called out as a storm drain was near the fire."We would notify them due to the water run-off and potential contaminants from the fire if we haven't been able to immediately prevent them from draining that way," they said.Devon and Cornwall Police said it was also in attendance. Source link

Continue ReadingLorry fire on M5 near Exeter causes delays and long queues

Engineers assess impact after car fire cuts Beaminster broadband

Ros TappendenSouth of EnglandDWFRSThe car hit a telegraph pole and caught fire, leaving hundreds of homes without internetEngineers working to restore broadband to hundreds of customers cut off following a car fire say it is not yet clear when services can be restored.About 1,000 customers in Beaminster, Dorset, lost their internet service when a car crashed into a telegraph pole and burst into flames on Sunday.Some were told they could be reconnected on Thursday but Openreach was unable to confirm, saying engineers were still assessing the damage.The outage is affecting a school, GP surgery, shops and businesses, as well as domestic customers.In an update on Wednesday morning, an Openreach spokesperson said: "We're fully assessing the impact and how much damage has been caused. "Then we hope to have a clearer indication of exactly how long it will take before services are restored."Installing a new pole and rebuilding the damaged fibre network is a complex task, but we understand how disruptive it is for local residents to be without broadband."Our engineers are working as quickly and safely as possible to restore services and get things back to normal."GoogleAbout 1,000 customers are affected, according to OpenreachThe road between Beaminster and the A356 was…

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Man seriously injured after group assault in Barnstaple

A man has been left with fractured ribs and a punctured lung after being "set upon by a group".The incident happened at about 01:05 BST on Saturday in Queen Street, Barnstaple, following a disturbance involving 12 to 14 young people, Devon and Cornwall Police said.Officers said a man in his early 20s was found outside Barum Takeaway with serious injuries and taken to hospital for treatment.Anyone who has information or video footage related to the attack has been asked to contact police. Source link

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Major delays on M5 due to lorry fire

George ThorpeDevon andArchie FarmerDevonWatch: Dashcam footage of a lorry fire which closed part of the M5There has been disruption on the M5 after a lorry fire forced the closure of part of the road in Devon.The fire started on the northbound side of the motorway between junctions 30 and 29 in Exeter at about 11:35 BST, said Devon and Somerset Fire and Rescue Service.National Highways said the lorry was transporting batteries and domestic appliances with nine miles (14.48km) of queues reported in the area, leading to 120 minutes worth of delays. A diversion was set up for motorists to use.It had been declared a major incident but the fire service said the scene was now safe and lanes two and three would be reopened imminently. National Highways said once inspection had taken place emergency resurfacing will be carried out overnight with lane one closed.A spokesperson added delays were likely to remain and drivers were advised to plan ahead and allow extra time for their journeys.The fire service said police had earlier declared a major incident due to "ongoing traffic disruption and smoke spread".Firefighters also issued a warning for residents and businesses near the scene to close their windows and doors due…

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North Devon human remains belonged to same man, police say

Human remains found on two beaches in Devon have been identified as being the same man, police have said.An investigation was launched in May after remains appeared on Westward Ho! beach near Bideford and part of the coastline in Appledore on 22 May.Devon and Cornwall Police said both sets of remains had been identified and belonged to the same man. The death is not being treated as suspicious and a file for the coroner is being prepared. Source link

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‘We don’t want power, we want lights’: Madagascar awaits post-Rajoelina era | Protests News

Antananarivo, Madagascar – On a typical Sunday morning in Mahamasina, a suburb of Madagascar’s capital Antananarivo, Sarobidy Ramarimanana joined the queue at her neighbourhood water point just after sunrise.“I just wanted to fill my jerrycan and go to church,” she told Al Jazeera. “I was about to draw water when people started running; jerrycans everywhere.” The sound of police sirens had sparked panic, interrupting the calm of the neighbourhood as people fled.Recommended Stories list of 3 itemsend of listAfter weeks of tense antigovernment protests – and a crackdown that turned deadly – fear has become instinct, Ramarimanana said. People ran, tripping over their jerrycans, scattering them across the street. “I picked mine up and ran, too. I was scared.”The 22-year-old student returned home, but she went back “angry”, she said, frustrated by the years of severe power and water supply cuts, sometimes lasting for days at a time, and the government’s failure to deliver improvements to such services.She never made it to church. But later on Sunday she decided to join a bustling protest march in nearby Independence Square.“How can they expect us to stay silent?” she asked from the square, holding a yellow jerrycan and small tin-can lamp – “jiro-kapoaka” –…

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Rob Baxter says Exeter yet to begin contract talks with players

Exeter boss Rob Baxter has said he has not yet started formal negotiations with players approaching the end of their contracts.England centre Henry Slade is the highest-profile Exeter player whose contract runs out next summer, along with the likes of Josh Hodge and Olly Woodburn.The Chiefs have a win, a draw and a loss from their first three Prem games of the season, as they aim to improve on their worst-ever top flight campaign last season."We didn't have a good season last season, there's no ulterior motive behind the fact, I want to see how we go," Baxter said."I want to see what the form of the squad is, whether we've got the formation of the squad correct, all those type of things."I think we're in the process of moving forward to rebuild a group of players that can be very successful together and I'm not going to just rush into re-signing everyone who's here now because I want to see how we go and where our growth still remains and I'm very comfortable with that." Source link

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Man seriously injured after group assault in Barnstaple

A man has been left with fractured ribs and a punctured lung after being "set upon by a group".The incident happened at about 01:05 BST on Saturday in Queen Street, Barnstaple, following a disturbance involving 12 to 14 young people, Devon and Cornwall Police said.Officers said a man in his early 20s was found outside Barum Takeaway with serious injuries and taken to hospital for treatment.Anyone who has information or video footage related to the attack has been asked to contact police. Source link

Continue ReadingMan seriously injured after group assault in Barnstaple