Pakistan floods – stay: Greater than 1,100 useless as catastrophe may ‘price $10bn’

Greater than 1,100 individuals have died in Pakistan’s lethal floods, as the federal government estimates that the catastrophe might price the cash-strapped nation over $10bn.

The UN launched a significant enchantment on Tuesday in search of to lift $160m in emergency support for flooding victims, as the primary consignments of help began to reach from Turkey, China, Canada and Qatar.

Pakistan’s planning minister Ahsan Iqbal stated the world has an obligation to assist the South Asian nation deal with the consequences of the man-made local weather disaster.

The minister stated it would take 5

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Music Metropolis Grand Prix reside updates, highlights

The IndyCar Sequence wraps up an eventful weekend of racing with the second annual Huge Machine Music Metropolis Grand Prix within the streets of Nashville.

Workforce Penske’s Scott McLaughlin is on the pole for Sunday’s race, which lasts 80 laps.

Hometown favourite Josef Newgarden begins sixth.

Observe together with our reside updates beneath.

UPDATE: The race is not going to start at 2:30 p.m. CT, as thunderstorms within the space initiated a lightning maintain. The maintain was lifted at 2:33 p.m. 

START TIME UPDATE:  Engines will hearth at 4:05 p.m. CT. The race might be proven on CNBC.


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UK factory output growth jumps; US job openings rise; record low eurozone unemployment – business live

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

UK house prices have begun 2022 with strong gains, as robust demand and a shortage of properties for sale continue to support the market.

Average house prices jumped by 0.8% in January, lender Nationwide reports this morning, which lifts the annual rate of house price inflation to 11.2%, up from 10.4% in December.

It’s the strongest start to the year since 2005, and takes the average house price on Nationwide’s survey to £255,556 mark.

© Provided by The Guardian
Nationwide house

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Interest rate rises loom as US inflation hits 7.5% in January – business live

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

Under-pressure Unilever has ruled out making major takeovers any time soon, and announced a new share buyback up to €3bn, to placate shareholders alarmed by its botched attempt to buy GlaxoSmithKline’s consumer healthcare arm.

The firm behind Marmite, Dove soap, Hellmann’s mayonnaise and Ben & Jerry’s ice-cream told shareholders that it has got the message that it must take a ‘measured’ approach.

Reporting its final results for last year, Alan Jope, Unilever’s chief executive officer, says:

We have engaged extensively

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UK inflation hits 30-year high; house prices at record; US retail sales bounce back – business live

© Provided by The Guardian
Canterbury and District food bank has seen prices soar. Photograph: Graeme Robertson/The Guardian

Inflation is causing particular pain for families who rely on food banks, as the prices of essential items has jumped.

My colleague Zoe Wood reports:

With its colourful beach huts and quaint high street, Whitstable is a tourist mecca in the school holidays. But the pile of shopping bags in the Canterbury and District food bank tells a different story about real life in the picturesque Kent seaside town.

The nearly 200 bags, with extra treats such as leftover chocolate advent calendars

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Stock markets and bitcoin fall amid Ukraine worries and US interest rate rise fears – business live

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

Global stock markets are starting the new week on the back foot, as investors fret about looming interest rate rises and the Ukraine crisis.

Shares have dropped in many Asia-Pacific markets, after Wall Street ended last week with more losses. The S&P 500 fell 1.9% on Friday, as January continues to be one of the worst months for stocks since the pandemic began.

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