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Four European countries still offering golden visas to property buyers
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Daily Mirror
14 minutes ago
- Daily Mirror
Busy UK tunnel on the verge of tolls to plug huge £820k funding gap
Debate has broken out following proposals to charge UK motorists for driving through a 61-year-old tunnel that attracts 25 million drivers, cyclists and pedestrians every year Brits could soon face charges for driving through a major UK tunnel in a controversial move that has been branded 'outrageous'. The Clyde Tunnel, which connects north-west and south-west Glasgow has long been a crucial part of the city's transport infrastructure since fully opening back in 1964. Estimated to have cost £10.5 million to build, the two-way tunnels - which are both 762 metres long - were only expected to handle around 9,000 cars every day. Today, they attract more than 25 million vehicles, cyclists and pedestrians each year. However, Glasgow City Council is now facing a yearly shortfall of around £820,000 for managing the road, due to it requiring regular maintenance and repairs. At a recent council meeting, Cllr Angus Millar, the convenor for climate, Glasgow Green Deal, transport and city centre recovery, said the council was continuing its talks with Transport Scotland * and local government body Cosla to discuss the upkeep of Clyde Tunnel. "The council has no specific proposals to introduce any road user charging in Glasgow," he said. "However, members will be aware that the council has repeatedly stated its interest in further exploring possibilities around a boundary congestion charge and potential tolling at the Clyde Tunnel. Both [would] exempt Glasgow residents." According to The Times, Glasgow MSP Paul Sweeney argued it isn't 'sustainable' for Glasgow City Council to continue maintaining the tunnel without raising additional funds to cover the cost - which accounts for around 10 per cent of the city's entire annual road maintenance budget. "Over the past decade, Glasgow city council has lost the equivalent of a full year's worth of funding as a result of disproportionate SNP cuts to Glasgow, compounded by the constrained council boundary, meaning that many of the region's most prosperous households do not contribute to the city's tax base," he added. The politician concluded that a toll for vehicles using the tunnel who aren't registered within the Glasgow boundary is therefore a 'reasonable proposal in line with European norms'. However, other MSPs have slammed the proposals - arguing it would 'punish' workers, families and patients travelling to the Queen Elizabeth Hospital. "Many of the hospital's dedicated staff commute from outside the city, and this charge would clobber them simply for driving to work," said Annie Wells, a Scottish Conservative MSP for Glasgow. She branded the move 'outrageous' - scathing the council for even 'considering' plugging the funding gap through a traveller toll. It is unlikely that any form of toll would be introduced until after the Scottish Parliament elections next year. No specific details on how much UK motorists would be charged for using the tunnel have been announced. *The tunnel is not a designated A road meaning Transport Scotland does not have responsibility for its management.
New Straits Times
29 minutes ago
- New Straits Times
Relentless Spain reach Euro 2025 quarters after thumping Belgium
THUN, (Switzerland): Spain reached the quarter-finals of Women's Euro 2025 on Monday after the world champions hammered Belgium 6-2 while Italy were held to a 1-1 draw with Portugal at the death. A brace from the magnificent Alexia Putellas and further goals from Irene Paredes, Esther Gonzalez, Mariona Caldentey and Claudia Pina gave Group B leaders Spain a second thumping win. Montse Tome's team will win the group if they avoid defeat to Italy, who are two points behind La Roja in second after being denied qualification late on by third-placed Portugal, on Friday. Few would bet on Spain failing to secure first place after two blistering performances in which they have netted 11 times. "We knew they would try to sit back and hold us off at the beginning, we could have been better, sure, but you need to adapt during the game. We managed to do that and create good opportunities," Tome told reporters. "We have to improve but we did what we planned to do." Belgium, who twice levelled through Justine Vanhaevermaet and Hannah Eurlings, are close to going home after eventually being blown away by relentless waves of attacking football. They acquitted themselves well until Caldentey forced home Spain's fourth in the 61st minute, defending with grit and causing problems with some punchy breakaway football. "It was difficult because I really believed in what we were doing and I loved seeing my players give everything they had," said Belgium coach Elisabet Gunnarsdottir. "I really think we gave them a game for at least 60 minutes, a really good game... I'm proud of them." When Putellas finished off a beautiful spell of quick passing in the 22nd minute it looked like the beginning of a thumping win similar to the 5-0 destruction of Portugal in the opening round. Yet seconds later Vanhaevermaet levelled with the simplest of goals, nodding home Tessa Wullaert's corner. Paredes put Spain back in the lead six minutes before the break with a bullet header from Pina's deep corner. Again Belgium hit back, this time through Eurlings who sprung the offside trap before rifling home in the 50th minute. Gonzalez netted her third goal of the tournament two minutes later after collecting Putellas' neat through ball. The game was up when Caldentey bundled home from a corner just after the hour. Pina smashed in her first goal of the tournament with 10 minutes remaining, and appropriately it was Putellas' deft flick which completed the rout shortly afterwards. On this form Spain look a class above the rest of the tournament and clear favourites to win the country's first ever women's European crown. Italy thought they were joining Spain in the quarters when Cristiana Girelli opened the scoring in Geneva with a brilliant curling effort with 20 minutes remaining. The Azzurre were saved 10 minutes later when Diana Silva was denied a leveller when she was ruled offside by VAR following her rebound finish from a corner. But in the 89th minute Diana Gomes lobbed home a leveller which gave Portugal a point and kept them in the competition moments after Carole Costa headed onto the crossbar. "It was a very tough match, open right to the end... a very open match against a Portugal team that gave everything," said Italy coach Andrea Soncin.s "It's a shame because we were in the quarters with a few minutes remaining but it's all still in our hands." Gomes' goal could be huge as Portugal, who trail the Italians by three points, face Belgium while Italy take on Spain. Italy currently have a goal difference which is six better than Portugal but with Spain up next a big swing is not hard that to imagine. — AFP
Canada News.Net
30 minutes ago
- Canada News.Net
Tariff-wielding president punctures U.S. stock markets
NEW YORK, New York - Monday's trading session saw mixed performances across U.S. and global markets, with several major indices posting losses amid cautious investor sentiment. Piercing the record-breaking run on Wall Street, U.S. stocks tanked on Monday following President Donald Trump's decision to impose tariffs of up to 40 percent on some countries. Allies Japan and South Korea have each been hit with 25 percent levies. "I am pleased to announce that the UNITED STATES TARIFF Letters, and/or Deals, with various Countries from around the World, will be delivered starting 12:00 P.M. (Eastern), Monday, July 7th. Thank you for your attention to this matter! DONALD J. TRUMP, President of The United States of America," the president posted on his social media platform Truth Soical on Tuesday. The S&P 500 (^GSPC) fell 49.37 points, or 0.79 percent, to close at 6,229.98, while the Dow Jones Industrial Average (^DJI) dropped 422.17 points, or 0.94 percent, settling at 44,406.36. The NASDAQ Composite (^IXIC) also declined, losing 188.59 points, or 0.92 percent, to end at 20,412.52. The NYSE Composite (^NYA) slipped 180.19 points, or 0.87 percent, to 20,545.60, while the Russell 2000 (^RUT) saw a steeper drop of 34.81 points, or 1.55 percent, closing at 2,214.23. The CBOE Volatility Index (^VIX), a key measure of market fear, rose 0.31 points, or 1.77 percent, to 17.79. European Markets Show Resilience European indices largely bucked the downtrend, with Germany's DAX (^GDAXI) climbing 286.22 points, or 1.20 percent, to 24,073.67. France's CAC 40 (^FCHI) added 27.20 points, or 0.35 percent, reaching 7,723.47, and the EURO STOXX 50 (^STOXX50E) gained 52.73 points, or 1.00 percent, closing at 5,341.54. UK Markets Drift Lower The UK's FTSE 100 (^FTSE), however, edged down 16.38 points, or 0.19 percent, to 8,806.53. Asia and Pacific Markets Mixed In Asia, Japan's Nikkei 225 (^N225) fell 223.20 points, or 0.56 percent, to 39,587.68, while Australia's S&P/ASX 200 (^AXJO) dipped 13.70 points, or 0.16 percent, to 8,589.30. Hong Kong's Hang Seng Index (^HSI) slipped 28.23 points, or 0.12 percent, to 23,887.83. On the upside, South Korea's KOSPI (^KS11) rose 5.19 points, or 0.17 percent, to 3,059.47. Commodities and Currencies The U.S. Dollar Index ( strengthened, gaining 0.37 points, or 0.38 percent, to 97.55. Meanwhile, the Japanese Yen Currency Index (^XDN) fell 0.50 points, or 0.73 percent, to 68.45, and the Australian Dollar Currency Index (^XDA) dropped 0.80 points, or 1.21 percent, to 64.91. Latin America and Emerging Markets Brazil's IBOVESPA (^BVSP) tumbled 1,773.86 points, or 1.26 percent, to 139,489.70, while Mexico's IPC (^MXX) lost 488.29 points, or 0.84 percent, closing at 57,489.47. Argentina's MERVAL (^MERV) declined sharply by 28,762.88 points, or 1.38 percent, to 2,049,934.12. Investors remain cautious ahead of key economic data and central bank decisions later in the week. Market participants will closely monitor inflation figures and employment reports for further direction. U.S. Markets UK and European Markets FTSE 100 (^FTSE): 8,806.53 ▼ 16.38 (↓ 0.19 percent) DAX (^GDAXI): 24,073.67 ▲ 286.22 (↑ 1.20 percent) CAC 40 (^FCHI): 7,723.47 ▲ 27.20 (↑ 0.35 percent) EURO STOXX 50 (^STOXX50E): 5,341.54 ▲ 52.73 (↑ 1.00 percent) Euronext 100 (^N100): 1,576.47 ▲ 6.65 (↑ 0.42 percent) BEL 20 (^BFX): 4,487.49 ▲ 2.45 (↑ 0.05 percent) Asia and Pacific Markets Hang Seng Index (^HSI): 23,887.83 ▼ 28.23 (↓ 0.12 percent) Nikkei 225 (^N225): 39,587.68 ▼ 223.20 (↓ 0.56 percent) S&P/ASX 200 (^AXJO): 8,589.30 ▼ 13.70 (↓ 0.16 percent) All Ordinaries (^AORD): 8,826.40 ▼ 15.50 (↓ 0.18 percent) KOSPI (^KS11): 3,059.47 ▲ 5.19 (↑ 0.17 percent) TWSE (^TWII): 22,428.72 ▼ 118.78 (↓ 0.53 percent) STI Index (^STI): 4,031.86 ▲ 18.24 (↑ 0.45 percent) IDX Composite (^JKSE): 6,900.93 ▲ 35.74 (↑ 0.52 percent) FTSE Bursa Malaysia KLCI (^KLSE): 1,537.54 ▼ 12.65 (↓ 0.82 percent) S&P/NZX 50 (^NZ50): 12,764.95 ▼ 1.65 (↓ 0.01 percent) Middle East & Africa TA-125 (^ 3,097.79 ▼ 15.87 (↓ 0.51 percent) EGX 30 (^CASE30): 33,037.60 ▲ 123.90 (↑ 0.38 percent) Top 40 USD Net TRI (^ 5,433.72 ▼ 22.65 (↓ 0.42 percent) Americas (Ex-U.S.) S&P/TSX Composite (^GSPTSE): 27,020.28 ▼ 15.88 (↓ 0.06 percent) IBOVESPA (^BVSP): 139,489.70 ▼ 1,773.86 (↓ 1.26 percent) IPC Mexico (^MXX): 57,489.47 ▼ 488.29 (↓ 0.84 percent) S&P IPSA (^IPSA): 8,257.14 ▼ 28.15 (↓ 0.34 percent) MERVAL (^MERV): 2,049,934.12 ▼ 28,762.88 (↓ 1.38 percent) Currency & Global Indices U.S. Dollar Index ( 97.55 ▲ 0.37 (↑ 0.38 percent) MSCI Europe (^125904-USD-STRD): 2,427.20 ▲ 2.60 (↑ 0.11 percent) British Pound Index (^XDB): 136.01 ▼ 0.47 (↓ 0.35 percent) Euro Currency Index (^XDE): 117.09 ▼ 0.47 (↓ 0.40 percent) Japanese Yen Index (^XDN): 68.45 ▼ 0.50 (↓ 0.73 percent) Australian Dollar Index (^XDA): 64.91 ▼ 0.80 (↓ 1.21 percent) Key Takeaways U.S. markets led declines, with the Dow and S&P 500 both falling nearly 1 percent following new tariffs. European stocks outperformed, with Germany's DAX surging 1.2 percent. Asia was mixed, with slight gains in South Korea and Singapore offset by losses in Japan and Australia.
