points

Clarke vs TKV: Underdog Jeamie ‘TKV’ Tshikeva hurts Olympian Frazer Clarke in the 11th before points win

Around 3,500 vocal fans filled the intimate arena, jeering TKV on his ring walk. ‘Big Fraze’, from nearby Burton-upon-Trent, received a rousing reception in return.

Much to the fans’ delight, he asserted himself in the opening round, snapping a jab to the body before ripping in stinging uppercuts that clearly troubled TKV.

But the Tottenham man – whose family boasts a fascinating history, with both his father and grandfather serving in the Zairean army – showed his fighting spirit and settled into the contest.

The bout had originally been scheduled for October before a rib injury forced TKV out. The postponement reignited tensions, souring a once-respectful rivalry.

Clarke’s corner repeatedly protested low blows from TKV, some drifting in on the blindside of the referee, who issued a warning in the third. Moments later, another borderline shot earned TKV the point deduction.

Jabs were scarce; instead, the fight descended into clinches from Clarke and heavy leaning from TKV, with lunging, telegraphed punches punctuating the action.

TKV found success with his left hook and Clarke with his uppercut, but both men soaked up the shots as if they were bouncing off stone.

Just as the contest seemed to be petering out, TKV – his right eye badly swollen – detonated a left hook that left Clarke reeling in the 11th.

Clarke stayed upright only by leaning into TKV, looking lost as the referee moved in for a closer look.

His coach, Angel Fernandez, looked set on pulling him out, but Clarke insisted on continuing.

He left the ring without giving a post-fight interview, still appearing shell-shocked.

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Key points from Rachel Reeves’s speech

Reuters Chancellor Rachel Reeves standing in Downing Street with her Budget red box.Reuters

Rachel Reeves is delivering a speech in the House of Commons setting out details of her second Budget since becoming chancellor.

A number of measures from the yearly tax and spending plan had already been announced in the days leading up to the statement.

Other measures have been revealed by accident after the UK’s budgetary watchdog mistakenly published its official forecast early.

Here is a summary of what we know so far.

Personal taxation

  • National Insurance (NI) and income tax thresholds frozen for extra three years beyond 2028, dragging more people into higher bands over time
  • Amount under-65s can put into cash Isas (Individual Savings Accounts) capped at £12,000 a year, with the rest of the £20,000 annual allowance reserved for investments
  • Basic and higher income tax rates on property, savings and dividend income to increase by 2 percentage points

Wages, benefits and pensions

  • Cap limiting households on universal or child tax credit from receiving payments for a third or subsequent child to be scrapped from April
  • Legal minimum wage for over-21s to rise 4.1% in April, from £12.21 to £12.71 per hour
  • Wage for 18 to 20-year-olds to go up 8.5%, from £10 to £10.85 per hour, as part of a plan to establish a single rate for all adults
  • Basic and new state pension payments to go up by 4.8% from April, more than the current rate of inflation, under the “triple lock” policy
  • Amount people can sacrifice from their salary to avoid paying NI on pension contributions capped at £2,000 a year from 2029
  • Help to Save scheme, which offers people on universal credit a bonus on savings, extended and expanded beyond 2027

Housing and property

A terrace of colourful houses in London
  • Properties in England worth more than £2m to face a council tax surcharge of between £2,500-£7,500, following a revaluation of homes in bands F, G and H

Transport

  • 5p “temporary” cut in fuel duty on petrol and diesel extended again, until September 2026 before it rises again over six month period
  • A new mileage-based tax for electric vehicles and plug-in hybrid cars to be introduced from 2028
  • Regulated rail fares for journeys in England frozen next year for the first time since 1996 (there have been periods when prices rose by less than inflation)
  • Premium cars to be excluded from Motability scheme, which allows people on certain disability benefits to lease vehicles more cheaply

Business taxes

  • Tax exemption for small packages from overseas retailers worth under £135 scrapped from 2029, following complaints it hinders UK businesses
  • Tax on profits made by gambling firms from online bets to rise from 21% to 40% in April, alongside abolition of 10% bingo tax

Food and drink

  • Tax on sugary drinks extended to pre-packaged milkshakes and lattes from 2028, reversing an exemption when the tax was introduced in 2018

UK growth, inflation and debt

EPA/Shutterstock Bank of EnglandEPA/Shutterstock
  • Office for Budget Responsibility (OBR) predicts the UK economy will grow by 1.5% this year, upgraded from a 1% forecast in March
  • Inflation predicted to average 3.5% this year, before falling to 2.5% next year, and returning to the government’s 2% target in 2027

Other measures

  • English regional mayors to be given powers to tax overnight stays in hotels and holiday lets, echoing existing plans in Scotland and Wales
  • Cost of a single NHS prescription in England frozen at £9.90 for another year (they remain free in Wales, Scotland and Northern Ireland)

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Dow Jones falls 800 points amid Fed rate cut doubts

Nov. 13 (UPI) — Doubts about a potential third Federal Reserve rate in December triggered an 800-point drop in the Dow Jones Industrial Average on Thursday after setting a record high a day earlier.

The Dow closed higher than 48,000 for the first time on Wednesday, but Investopedia reported a steep decline on Thursday amid concerns over the Federal Reserve rate.

The Dow reached a daily high or 48,211.83 during morning trading on Thursday but declined steadily afterward to a low of 47,431.43 and closed at 47,457.22, which is a drop of 797.60 and 1.65% for the day.

The Nasdaq and S&P 500 likewise posted downturns during the day’s trading, with the Nasdaq closing at 22,870.36, which is a decline of 536.10 and 2.29%.

The S&P 500 dropped by 113.43 and 1.66% when it closed at 6,737.49.

Analysts largely attributed the declines to concerns regarding the Federal Reserve and whether it will approve a third quarter-point rate reduction before the year’s end, according to CNBC.

In October, analysts placed a 95% confidence in a December rate cut, but confidence has declined to about 49% due to a lack of data because of the record 43-day federal government shutdown ended following President Donald Trump‘s signing of a funding measure on Wednesday.

The Federal Reserve Open Market Committee is scheduled to meet for two days on Dec. 9 and 10, but committee members have grown more doubtful of another 0.25% rate cut due to the effects of the government shutdown and the president’s often-changing tariff policies.

The current rate is between 3.75% and 4% after the Federal Reserve committee approved a 0.25% rate reduction on Oct. 29.

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USC men score their most points since 1998 in rout of Manhattan

Chad Baker-Mazara scored 20 of his career-high 26 points in the first half to lead seven USC players in double figures and start the Trojans off and running to a 114-83 victory over Manhattan on Sunday.

Baker-Mazara made seven of 13 shots, including three of four from three-point range, and all nine of his free throws to help the Trojans (2-0) score more points than they’ve had since 1998. He added seven rebounds.

Ezra Ausar scored 17 points on seven-for-10 shooting for USC and Rodney Rice pitched in with 14 points, six rebounds and four assists. Jacob Cofie totaled 10 points, 10 rebounds and five assists, while Terrence Williams II added 10 points and seven boards. Reserves Jaden Brownell and Jordan Marsh scored 13 and 11, respectively.

USC jumped out to a 7-2 lead before Anthony Isaac’s layup capped a 5-0 spurt for Manhattan to tie it. From there neither team had a two-possession lead until Baker-Mazara hit a three-pointer to put USC up 28-23 with 7:48 left before halftime. The Trojans sank four of their next five shots to push their advantage to double digits and upped it to 55-37 at the break.

USC led by as many as 35 in the second half and topped the century mark on a layup by Brownell with 6:16 left to play.

Junior guard Jaden Winston scored a career-high 29 to pace the Jaspers (1-1). The fifth-year senior guard made nine of 14 shots with three three-pointers while making all eight of his free throws. Terrance Jones had 18 points and fellow reserve Isaac scored 16.

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