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Baffert holds a hot hand for Saturday’s Preakness — and beyond

Baffert holds a hot hand for Saturday’s Preakness — and beyond

Sports
Oct. 2 (UPI) -- Saturday's $ 1 million Preakness Stakes finds trainer Bob Baffert with another hot hand. The morning-line favorite, Authentic, exits a mild upset win in the Kentucky Derby, while Baffert's other Preakness horse, Thousand Words, seeks vindication after being scratched at Louisville minutes before the race when he reared and fell in the Churchill Downs paddock. Advertisement The race will be broadcast from Pimlico Race Course in Baltimore on NBC starting at 4:30 p.m. EDT, with post time at 5:45 p.m. Authentic has looked the part of a Derby winner since arriving in Baltimore. He breezed a half mile Wednesday morning in 47 3/5 seconds, an effort Baffert described as "a little jog." "He looked good," said Baffert, who is seeking a record eighth Preakness win to go with his rec...
China holds military drill as US envoy visits Taiwan

China holds military drill as US envoy visits Taiwan

World
China says it is conducting military exercises near the Taiwan Strait to "protect its sovereignty" as a top US official visits Taiwan.The live-fire drills take place as relations between Beijing and Washington sour and the US shores up its support of Taiwan.China regards self-ruled Taiwan as a breakaway province.Keith Krach is the highest-level official from the US State Department to visit the island in decades.On Friday, China's defence ministry spokesman Ren Guoqiang accused the US and Taiwan of "stepping up collusion, frequently causing disturbances", although he did not make any reference to the visit. What's behind the China-Taiwan divide? US angers China with high-profile Taiwan visit He told reporters that "using Taiwan t...

Bank of England holds rates steady but warns of a slower economic recovery

Finance
The Bank of England on Thursday held interest rates steady and maintained its existing level of asset purchases, but warned it is anticipating a slower economic recovery from the coronavirus crisis.All members of the Monetary Policy Committee voted to keep the main lending rate at 0.1%, with the central bank having cut rates twice from 0.75% since the beginning of the pandemic.The committee also voted unanimously against extending its bond-buying program, having announced an additional £100 billion ($ 131.4 billion) expansion in June which took the total value of the Asset Purchase Facility to £745 billion.However, the central bank said it does not expect the U.K. economy to exceed its pre-coronavirus levels until the end of 2021. It had previously projected that GDP (gross...
Western Hemisphere holds 3 spots for COVID-19 deaths; cases pass 18 million

Western Hemisphere holds 3 spots for COVID-19 deaths; cases pass 18 million

World
Aug. 2 (UPI) -- The coronavirus pandemic, which began in Asia last December and first spread to Europe, is now primarily ravaging Western Hemisphere nations with the United States, Brazil and Mexico in the top 3 for most deaths. Mexico moved past Britain for the third spot late Friday and now has 47,736, behind No. 1 U.S. with 158,375 and No. 2 Brazil with 94,130. In addition, Peru is in ninth place with 19,614, Colombia 12th with 10,650 and Chile 14th with 9,608. Advertisement The pandemic passed 18.2 million cases Sunday and was closing in on 700,000 fatalities with 690,436. India has the fifth-most deaths with 38,161 behind Britain's 46,201. More than half of the worldwide deaths are concentrated in the Western Hemisphere, 368,000, and nearly 11 million cases. Only 1 billion of the wor...
Fed holds rates near zero — here’s exactly what that means for your wallet

Fed holds rates near zero — here’s exactly what that means for your wallet

Finance
The Federal Reserve said Wednesday it will hold its benchmark interest rate near zero through 2022 to help the economy recover from the coronavirus crisis."The Fed has cut interest rates as low as they are going to go without going into negative rates," said Greg McBride, chief financial analyst at Bankrate.com. The economic shock from Covid-19 may call for drastic measures, but negative interest rates are not one of them — at least not yet.In addition to slashing interest rates to near zero,  the central bank also said it will continue to increase its bond holdings to preserve the flow of credit. Along with the rate decision, central bankers projected Wednesday that the economy will shrink 6.5% in 2020. However, the Fed says 2021 is expect...