Here’s what changed in the new Fed statement

This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policy-making meeting on July 29.

Text removed from the July statement is in red with a horizontal line through the middle.

Text appearing for the first time in the new statement is in red and underlined.

Black text appears in both statements.

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Meghan Markle's diamond engagement ring was changed by Prince Harry because of Archie

Meghan Markle married Prince Harry at Windsor Castle in 2018. Just months before, the couple posed for engagement pictures where the Duchess of Sussex showed off her diamond engagement ring.

Not only was the ring stunning to look at, it had a very special meaning to the couple.

Designed by Prince Harry, it featured a stone from Botswana, where the couple reportedly had their first holiday together.

It also included diamonds that once belonged to his mother Princess Diana, Eddie LeVian, CEO of jeweller Le Vian, explained.

Speaking to Express.co.uk: “Meghan’s ring is arguably the most famous contemporary engagement ring in the world.

READ MORE: Princess Beatrice ring worth more than Meghan’s

“Prince Harry chose a trilogy engagement ring for Meghan, with a centre stone from Botswana and two diamonds on either side which came from his late mother Princess Diana’s jewellery collection.”

The couple married on May 19, 2018 and Meghan was given a wedding band made from Welsh gold, in line with royal tradition.

While Meghan’s rings were stunning, some royal fans noticed her engagement ring got an upgrade around one year into their marriage.

The jewel had been redesigned with even more diamonds as the gold band was replaced with a thinner micropavé one.

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The reason behind the change of ring was not known at the time, however more details have now been published in the royal biography Finding Freedom.

In the book, royal experts and co-authors Omid Scobie and Carolyn Durand explained that Harry gifted Meghan with an eternity ring to celebrate their anniversary.

It said: “On May 19, 2019, Harry also surprised his wife of one year with the gift of a ring that he had created with jeweller-to-the-stars Lorraine Schwartz, a favourite of Meghan’s.

“The conflict-free diamond eternity band paid homage to the family of three with Meghan’s, Archie’s and Harry’s birthstones (peridot, emerald, and sapphire, respectively) on the underside of the ring.”

“Harry created a new jewel with a beautiful sense of history,” he said.

“The trilogy ring, otherwise known as a three stone ring, is designed to be classic, timeless and symbolic of the past, present and future within an engagement ring.

“By incorporating something from his mother, Harry not only captured part of his past to celebrate his present but also to pass part of his history to the future.”



Extinction Rebellion POLL: Should law be changed so rule-breakers get TOUGHER sentences?

Express.co.uk readers can vote in our poll on whether they back tougher sentences for Extinction Rebellion activists who cause mayhem. It comes as Home Secretary Priti Patel is looking at cracking down on the group, which has brought the capital to a standstill in previous protests.

The review could lead to Extinction Rebellion being treated as an organised crime group, which could leave environmental activists who cause chaos facing five years in jail.

It comes after protesters were widely criticised for blocking the delivery of some of the UK’s major newspapers on Saturday.

Writing in the Daily Mail, Ms Patel said: “While Extinction Rebellion claim to be an environmental rights campaign group, their actions speak louder than their words, and their continued guerrilla tactics show that they do not believe in peaceful protest – but instead seek to undermine and cause damage to our society, disrupting the hard working individuals who are trying to keep this country moving forwards.”

A Home Office source confirmed the Home Secretary wants tougher sentences for the ringleaders of Extinction Rebellion.

The source said: “We want to see some people banged up instead of escaping with a fine they can pay from their trust fund.”

Extinction Rebellion activists targeted Newsprinters’ printing works at Broxbourne in Hertfordshire and Knowsley, near Liverpool, on Friday night.

More than 100 demonstrators used vehicles and bamboo lock-ons to block roads outside the printing works on Friday evening, with both protests continuing until Saturday afternoon.

READ MORE: Extinction Rebellion MOCKED over blocking climate change article

Prime Minister Boris Johnson branded Extinction Rebellion’s actions “completely unacceptable”.

He tweeted: “A free press is vital in holding the government and other powerful institutions to account on issues critical for the future of our country, including the fight against climate change.

“It is completely unacceptable to seek to limit the public’s access to news in this way.”

Culture Secretary Oliver Dowden added: “We must never take our free press for granted, and those who disrupt our access to it damage our democracy.

“I condemn the idiotic actions of Extinction Rebellion.”

Jo Stevens, shadow digital, culture, media and sports secretary, said: “A free press is vital for our democracy.

“People have the right to read the newspapers they want.

“Stopping them from being distributed and printers from doing their jobs is wrong.”



Prince Philip heartbreak: Duke of Edinburgh’s life changed forever on one specific night

National Geographic’s new documentary, Being the Queen, shows exclusive aspects of the Queen’s life thanks to previously-unearthed footage, including the pressures of her marriage to Prince Philip. The documentary reveals how Philip Mountbatten first met the Queen when she was only a teenager, but it took him 8 years to finally propose to her.

In the programme, royal historian Robert Lacey says: “One of the extraordinary things about the queen is that she fell in love and married just about the first man she met.”

But the important milestone “caused her parents great anxiety.”

Mr Lacey adds: “She wasn’t just taking on the man she loved; she was taking on the man who would shoulder almost half the burden of the monarchy.”

And, similarly, the Duke of Edinburgh felt the pressure of the important role he was about to take on.

Larry Adler, a friend of Prince Philip, said: “I was at his bachelor party the night before the wedding. He was scared. His face was white.

“This man just began to realise what he was getting into. And he finds he doesn’t like it.”

But director Tom Jennings argued that “they have always been solid, despite all of these other pressures.

“I admire them for it, but when you really are part of something bigger than yourself.

READ MORE: Donald Trump shut down by Biden over failure to stop civil unrest

He said: “Keep in mind that running the monarchy is a full-time job times 20, so things like family time fall through the cracks.

“Entrusting their children to boarding schools, private tutors, and such is terrific for one’s education, but it isn’t the same as the nurturing and guidance that you would get from a parent.

“The queen could be so steadfast in her own marriage, and yet her children’s marriages were falling apart left and right.”

Mr Jennings explained how the Queen only prioritised her family over the monarchy when she stayed with Prince William and Prince Harry at Balmoral for a week following Princess Diana’s sudden death.

But the tragic death marked a moment of great significance for the Queen as well as the Royal Family as a whole.

The Queen stepped out of her car at the entrance of Buckingham Palace to greet the crowds mourning the death of Diana – a gesture extremely rare for a reigning monarch.

Of the historic occurrence, Mr Jennings said: “I didn’t know that part of the story.

“That moment, for me, may sum up who she is.

“People realised she’s a grandmother having to deal with all of this and keep the nation and the world together, and she did it.

“It’s probably one of my favourite moments in the whole film.

“While she’s under so much duress and stress, she’s still serving.”



Driving laws and Highway Code ‘needs to be changed’ to ‘accommodate’ new electric scooters

He warned that new drivers “need to be taught” how to handle the new devices with proper legislation put in place to control their use. Mr Freeman said that existing drivers could suffer issues with the new tools warning motorists would need to be “aware at all times”.

He said the new tools would male it a “changing environment” for the road users and an “extra burden” for those behind the wheel.

Speaking to Express.co.uk, Mr Freeman said: “The Highway Code needs to be changed to accommodate the existence of e-scooters.

“The reality is, of course, new drivers need to be taught and old drivers hopefully will have the experience to already be able to deal with that.

“E scooters are going to whizz up on the near side and on the off side, you’re not going to hear them, they will come up very quickly, very silently very stealthily.

READ MORE: Car insurance costs ‘likely to increase’ by up to £2billion 

The new scooters can only be used on designated routes but are banned from roads above which have a speed limit of over 30mph.

Riders will only need to hold a provisional driving licence and be aged over 18 to use the new scooters on public roads.

Other towns and cities have expressed their demand to hold a trial as local authorities see the devices as a way to reduce public transport levels amid the coronavirus pandemic.

Small scale trials have also been launched in Middlesbrough where two teenagers were caught using the tools on a dual carriageway.

Major cities such as Birmingham, Cambridge and Liverpool have also expressed their interest in launching similar schemes.

A trial in London has been delayed until the end of Autumn as negotiations continue between e-scooter firms and London boroughs.

But Mr Freeman has warned a lack of safety measures and laws in place for riders could backfire with dangerous consequences.

Mr Freeman told Express.co.uk: “Riders are vulnerable, they don’t have to wear a helmet, they don’t have to wear a high vis jacket.

“Motorists are not familiar with dealing with them and they are not familiar with dealing with motorists.

“You’ve then got the problem that people are going to go through red lights, use them on the pavement.

They are going to do a whole valley of things which are illegal but how are we going to know who it is.”

Mr Freeman added: “We are going to have some terrible accidents I’m afraid, and even if it’s the fault of the e scooter what we are concerned with is a society of road safety.

“The default position will always be [a collision is] the motorists’ fault. It’s an extra burden, legally and morally that the motorist will have on their shoulders.”



Princess Charlotte bombshell: How Charlotte changed the course of royal history

Kate, Duchess of Cambridge, 38, and Prince William, 38, are the proud parents of three youngsters – Prince George, seven, Princess Charlotte, five, and Prince Louis, two. George, Charlotte and Louis are currently third, fourth and fifth in line to the throne and Charlotte’s place in the line of succession ahead of her brother Louis is hugely significant.

Before 2013, the law of male primogeniture meant that royal sons took precedent over their sisters in the line of succession.

This meant that despite being Prince Philip and Queen Elizabeth II’s second child Princess Anne, 70, was pushed down the line of succession by her younger brothers – Prince Andrew, 60, and Prince Edward, 56.

However, in 2013 a new act prompted a huge overhaul to the constitution which came into effect while Kate was pregnant with Prince Charlotte in 2015.

Constitutional expert Iain MacMarthanne explained how the 2013 Succession of the Crown Act dramatically overhauled and updated royal rules.

READ MORE: Princess Charlotte spotted shopping for dresses with mum Kate

Mr MacMarthanne told Express.co.uk: “The 2013 Act sought to bring multiple pieces of outdated and discriminatory legislation relating to the monarchy up to date.

“Through this Act male primogeniture was abolished, allowing the firstborn child irrespective of gender to become heir apparent.

“The disqualification from inheriting the throne by marrying a Catholic was removed, and the Royal Marriages Act of 1772 was repealed.

Mr MacMarthanne added: “The latter resulted in only the first six in line to the throne being required to obtain the sovereign’s permission.”

While Prince Charlotte hasn’t lost her place in the line of succession due to male primogeniture she is still prevented from inheriting her father’s peerages.

The law of male primogeniture still applies to royal titles and means they can only be passed down from man to man.

A campaign called Daughter’s Rights is working to put an end to male primogeniture in the UK and make it possible for daughters to inherit peerages.

Daughter’s Rights founder Campaigner Charlotte Carew Pole said: “It doesn’t matter where you are in society, whether you’re a princess is beside the point, prejudice against girls in favour of boys shouldn’t be allowed.”

Ms Carew Pole added: “It is hugely symbolic legislation but Parliament must do as it says and end the last state-sanctioned gender discrimination.”

When Prince William becomes king, George will automatically inherit the Duke of Cornwall and Rothesay titles.

While there is a chance Princess Charlotte will become the Princess Royal after Princess Anne, the title will not be passed on until after Anne’s death.

Prince Louis could be made a duke if he one day decides to marry but is unlikely to inherit any titles from his father Prince William.



U.S. stock futures are little changed after the S&P 500's first close above 3,400

U.S. stock futures were flat on Monday night after another record-setting session on Wall Street.

Dow Jones Industrial Average futures traded just below the flatline along with S&P 500 and Nasdaq 100 futures. 

During regular trading, the S&P 500 climbed 1% and closed above 3,400 for the first time. Apple also hit an all-time high, leading other tech names higher, while airline and cruise operator stocks jumped amid enthusiasm on the coronavirus front.

“Equity investors continue to express cautious optimism on the direction of the economy and progress with the virus,” said Mark Hackett, chief of investment research at Nationwide. “Investor sentiment has shifted, with substantial optimism now embedded into the equity markets, driving valuations to the highest level since the technology bubble.”

That optimism comes as the number of newly confirmed coronavirus infections in the U.S. has dropped. Data compiled by Johns Hopkins University showed new cases fell to under 37,000 and have been below 50,000 since mid-August.

Meanwhile, the Food and Drug Administration approved the use of convalescent plasma as a treatment for coronavirus patients. The Trump administration is also reportedly considering fast-tracking an experimental vaccine from the U.K.

Aneta Markowska, chief economist at Jefferies, said high-frequency data on the coronavirus shows economic activity in the U.S. is picking up towards the end of August.

“The reopening of schools is proving to be a positive catalyst, with back-to-school shopping on track to exceed last years’ levels. We also show early/tentative evidence of improving labor market trends in states where schools reopened in early August,” Markowska said in a note.

Traders also looked ahead to key data releases, including the latest figures on consumer confidence and new home sales, which were both set for release on Tuesday.

Later this week, the Federal Reserve will hold its annual symposium on monetary policy. Wall Street will look for clues on further stimulus and where the economy is headed out of the event.

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Queen fury: How the Queen and Prince Philip's lives have been changed FOREVER this year

Princess Eugenie and husband Jack Brooksbank were also spotted arriving at Balmoral, but any visiting royals may have to stay in separate accommodation in line with social distancing rules.

Now royal watchers are predicting the Queen may never return to Buckingham Palace, which was her key location year round.

Instead, a report from the Sunday Times suggested the monarch may move base to Windsor Castle, which may be due to the ease of running with a smaller staff, reducing any coronavirus risk.

The Queen has continued to work during the pandemic, even addressing the nation twice, however is yet to hold any face-to-face engagements.



Nothing has changed! Barnier blows top at Brexit stalemate – Frost stands firm on fishing

The European Union’s chief negotiator said the wrangling over the post-Brexit pact remained stuck because of disagreements over access to Britain’s fishing grounds and the so-called “level-playing field”. The Frenchman said: “We have very little time left to conclude the negotiations to ensure an agreement can enter into effect on January 1, 2021 – in four months and 10 days. “We still have a few months left to find an agreement to find agreement on all issues under discussion to consolidate the text.”

Mr Barnier accused the British of refusing to “move forward on issues of fundamental importance for the European Union despite the flexibility which we have shown over recent months”.

The Brussels bureaucrat blamed Boris Johnson for the deadlock.

He added: “Those who were hoping for negotiations to move on swiftly forward this week will have been disappointed.

“Unfortunately I too have been frankly disappointed as well, I must say. Prime Minister Boris Johnson told us in June that he wished to speed up.”

Frustrated European sources said both sides have not made any progress since a recent round of talks in June.

One EU official said: “Nothing has moved.

“There were some technical exchanges that weren’t entirely pointless but nothing noteworthy on the topics that matter.”

During the seventh round of negotiations, Britain tabled a new draft free-trade agreement in a bid to end the current impasse.

David Frost, the Prime Minister’s Brexit envoy, warned his EU counterpart talks could easily end in no deal if they don’t make progress on the pact soon.

Government sources said the dossier covers the areas where both sides “already have agreement”.

The basic text is understood to focus on eliminating most tariffs and quotas after Britain’s post-Brexit transition from the bloc expires in December.



Zillow exec: Why we changed our minds on remote work

But remote work wasn’t always embraced there.

In-person collaboration was considered a big part of the corporate culture and employees were expected to be in the office.

Chief People Officer Dan Spaulding spoke with CNN Business about what changed and what work at the real estate company might look like in the future. Here’s what he had to say:

What does having the flexibility to work from home indefinitely mean to employees?

For the vast majority of our employees, we are committing that we’re going to be a flexible employer of the future. That means for some workers, they may never come back to an office. We are committed to keeping our offices and we are going to use our offices as a place where people will come and collaborate with their teams and other teams. We will also have an office available to work in when, say, they have small children at home or they have situations where they have a lot of roommates and they are going to want a place to go and work.

Zillow's Chief People Officer Dan Spaulding explains how the company is adapting to a work-from-home world.

But we also recognize that there is a balance between where people can be most effective and that balance is unique for all of us. For some people, that may mean coming into the office a couple days every month, and other people may want to come into the office three or four days a week just because of how their situation sets up.

Why did Zillow discourage working from home in the past?

Zillow has grown from a startup to the brand and company that we are today in a relatively short period of time. So much of our growth — and frankly our culture — was defined by in-person collaboration.

We have a lot of people, particularly in leadership, that were really wedded to the way we all grew up in the workplace, which was, you came to work five days a week and you started your meetings at 9:00 and tried to end your meetings at 5:00.

They’d been in that rhythm for 10, 20, 30 years of our professional careers and I think there was a belief, that wasn’t just isolated to us, that if people weren’t in the office that they were doing something else, and maybe that something else was not being focused on their role.

Our employees have been as dedicated and as productive, and frankly as supportive and connected as we’ve ever seen.

I will be honest, there was a lot of tension between leadership and our employees about the ability to be a more flexible employer. That tension had grown over time as you had a new generation of employees in the workplace who are used to asynchronous communication tools [such as email] — they were agitating for more flexibility.

Covid has been horrible in so many ways for us as a country, but I think it has forced us to really start using technology for what technology can do here, which is really free us from some of those old rhythms.

Will there be any changes to employee benefits, perks or compensation if employees decide to work from home permanently?

Yes. There is no way that there won’t be.

There is a lot of trepidation from our employees that: ‘If I move, what is going to happen to my pay?’ And yeah, we are going to have to figure that out. Are we going to pay the same rates in Iowa that we pay in New York or San Francisco? We are actively working through what is the coherent strategy around managing that in a fair and equitable way for where employees live.

We do that already today: We have employees in Atlanta, New York and San Francisco and there is different cost of living within those cities.

Google will give every employee $1,000 to WFH. Its head of wellness explains why

This is not about taking things away from our employees — it doesn’t mean because somebody works remotely permanently that we are going to use that as an opportunity to cut their pay or benefits. In fact, we are trying to stay ahead of this: We believe this is the future of work and we think a lot of other companies are going to try to figure this out. We want to be one of the first to figure this out.

On the benefits front, we don’t predict change to medical benefits that we provide to employees. What is going to be different is a lot of our benefits today were built around commuting and built around supporting wellness in the office. We do anticipate that as more people are opting for a hybrid world or a remote world, we aren’t going to have to pay for bus passes anymore or pay for parking in certain locations anymore. And those costs aren’t going to go away, they are going to shift.

We aren’t looking at this as a massive cost cutting. We actually predict many of our employee costs are going to go up over the next couple of years while we make this shift.

How are you going to measure and evaluate success?

That is the million-dollar question. We are tracking all of our productivity measures in almost the exact same way that we were in the office, whether it’s call time for people that are connecting to customers, number of loans that are closed, housing transactions, etc.

There aren’t specific new measures of productivity because people are working from home. We are taking the position to evaluate people on the work they do. Does it matter where they get that work done? We don’t think so.

We just completed a really strong quarter and we did that quarter not just from home, but under the duress of figuring all of this out on top of the duress that many of us are under as caregivers for parents and children in our homes.

We are looking at email traffic and when people are working, and we are getting interesting insights there. For me, I get up early and this is a time where I can really be flexible and get a lot of things done. People on my team who have small children — they are the exact opposite. The early morning time, they really need till about 9:00 or 10:00 to get settled.

What has Zillow done to help working parents struggling with balance?

This is really, really hard on parents. For us, we have three phases of caregiver assistance right now: That first phase is the most important in my opinion — it’s actual flexibility in your scheduling. We’ve done diligent work for every job in the company to be as flexible as possible to give our employees the ability to line up a schedule that works with whatever their needs are. And that may mean some people need to start later, some people need to finish earlier in the day, some people prefer to take a later shift on their customer calls. Our managers are doing real work with employees to not just say ‘hey we will be flexible with you,’ but actually build that flexibility into a detailed plan so we can manage the workload across those employees.

The next step is we are working with partner Bright Horizons to provide back-up care… whether it’s in their home or support in a clean and safe daycare center for their kids.

IBM's chief medical officer: We won't rush to bring people back

And the final piece is caregiver leave that is flexible, to give people paid time away if they are dealing with a caregiver need. There is a lot of focus rightly on children and the challenges that we are having as parents, but the pandemic is also stressing people who care for aged family members in a profound way.

How has the company worked to maintain its culture and show appreciation to workers when everyone has been remote?

There is a $200 stipend we are providing for work-from-home equipment, but we are also giving employees the ability to safely come into the office and remove some of their monitors, their office chairs, their basic computer supplies like their mice and keyboard.

We are trying a whole range of things to both engage our employees right now and to start to define what are some new working norms that are really going to work for us in the future. We are doing music events, virtual art classes, meditation classes, children’s yoga.

[We’re] trying to find ways to provide some respite for people as they go through their day because Zoom fatigue is real and navigating work and everything else we have going on is real.

We are also using this time to experiment with what works for team meetings. We are trying to start every meeting five minutes from the top or the bottom of the hour so that you always have a five-minute buffer to give your mind a break between meetings and a physical rest break. And starting to try and shave off how long people are spending in meetings.

We also keep experimenting with completely changing the definition of what does a meeting really mean. We have some teams that are experimenting with meetings that are 100% in Slack. You’re spending time typing questions back and forth and having a conversation over Slack and experimenting with a non-conversation meeting.

It goes to the whole conversation, whether it’s benefits, compensation or meeting norms and structure, we just think this is all going to evolve and change so much over the next couple of years that we want to learn from our employees as we go through this.