Writing the summary…
Hybe shares jump 10% as K-pop sensation BTS' tour lifts earnings hopes
Source: CNBC
Original reporting
CNBC: read the full reportRelated stories
CNBC
Fed's Warsh withholds Fed rate signal, praises recent global tightening with 'no free riders'
Warsh refrained from signaling another interest rate hike this month, pointed to a "synchronous tightening" by central banks in the fight against inflation.
The Guardian2 outlets
The right’s scrounger rhetoric dominates the benefits debate. Labour must fight back – and win | Frances Ryan
The prime minister has a once-in-a-generation chance to reintroduce compassion to welfare. He has to seize the moment Back in 2009, months before the coalition government unleashed sweeping austerity, the then Conservative backbencher Iain Duncan Smith produced a study that would go on to lay the foundations for the rollout of universal credit. Now, nearly two decades later, Duncan Smith and his thinktank, the Centre for Social Justice (CSJ), has published State of Dependency: a landmark report promising to expose “the full scale of Britain’s worklessness crisis”. The study paints a picture of mass benefits reliance: it identifies 3,400 local areas where more than half the working-age population are on out-of-work benefits, or “economic opiates”, as the authors call them. They’ve even provided an interactive map (in the yellow and black colours of a road hazard sign, no less) so members
The Guardian2 outlets
Repairing Brexit economic damage should be Burnham’s top priority, business chief says
Shevaun Haviland argues PM is right to revisit Labour’s EU red lines as current trading relationship is bad for business Repairing the economic damage of Brexit should be the top priority for Andy Burnham as he reconsiders Labour’s red lines on EU membership, the head of one of Britain’s leading business groups has said. Shevaun Haviland, the director general of the British Chambers of Commerce (BCC), said she welcomed the prime minister reopening the Brexit battle lines despite the uncertainty it could create, arguing that the UK’s current trading relationship with the EU was bad for business. Continue reading...
The Guardian
Commercial kitchen staff exposed to high levels of air pollution, study finds
US research says nitrogen dioxide in restaurants that cook with gas can exceed WHO limits, which also affects diners Each time we enjoy a meal out or order a takeaway, someone cooks for us in a commercial kitchen. In the UK, 3.6 million people work in catering and hospitality. In the US it is estimated at close to 16 million . A first-of-its-kind study in the US has found catering staff can experience high air pollution at work – and that this can affect diners too. Dr Drew Michanowicz, senior author of the study at non-profit research institute PSE Healthy Energy , said: “I was motivated by what we have learned over the years about what just 30 minutes of gas cooking can do to air quality in homes with the realisation that millions of people cook for a living for hours on end.” Continue reading...
CNBC
The IPO drought is driving private equity-owned companies to the debt market to pay investors
Private equity firms are increasingly using debt-funded dividend recaps to return cash to investors as exits remain subdued.
CNBC
One Singapore ship was sunk, but here's why others are still transiting the Strait of Hormuz
Singapore vessels are set to continue navigating the perilous Strait of Hormuz despite attacks on two container ships, said maritime experts.