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Lawmakers Sound Alarm over BoE's Role in Government Policy and Call for Urgent Reforms

Lawmakers Sound Alarm over BoE's Role in Government Policy and Call for Urgent Reforms

A damning analysis by senior U.K. officials claims that the Bank of England's present mandate puts it at danger of being entangled with larger government policy goals and compromises its ability to concentrate on bringing down inflation.

Nov 28, 2023 02:40 AM EST


UK Prime Minister Sunak Unveils $37 Billion Investment Drive to Woo Global Investors

UK Prime Minister Sunak Unveils $37 Billion Investment Drive to Woo Global Investors

Prime Minister Rishi Sunak hosted global CEOs after announcing 29.5 billion pounds ($36.76 billion) in private sector investments in the nation.

Nov 26, 2023 09:57 PM EST


UK's Electric Car Revolution Gets a Boost as Nissan Invests £2 Billion

UK's Electric Car Revolution Gets a Boost as Nissan Invests £2 Billion

Nissan and its partners have revealed their £2 billion plan to use its Sunderland facility to produce three different electric car models.

Nov 24, 2023 11:10 AM EST


Israel-Hamas Conflict Pushes Gaza's Economy Decades Back, Leaving a Trail of Ruin

Israel-Hamas Conflict Pushes Gaza's Economy Decades Back, Leaving a Trail of Ruin

The already weak economy of war-torn Gaza is in ruins, much like its structures, after Israel bombed the region for more than a month after Hamas terrorists assaulted the nation in October.

Nov 24, 2023 10:11 AM EST


Lloyd’s of London Consults Members on How To Insure the Low-Carbon Transition

Lloyd’s of London Consults Members on How To Insure the Low-Carbon Transition

According to Lloyd's of London, member businesses are now able to provide input on how to insure the low-carbon transition in the areas of underwriting, investments, exposure management, capital and reserving throughout the course of the next three years.

Nov 24, 2023 06:42 AM EST


UK Government Turns Blind Eye to Workers' Plight, Tax Cuts Exacerbate Financial Hardship

UK Government Turns Blind Eye to Workers' Plight, Tax Cuts Exacerbate Financial Hardship

The National Insurance tax on workers will be significantly reduced, as stated by U.K. Finance Minister Jeremy Hunt on Wednesday.

Nov 23, 2023 07:13 PM EST


UK Payments Report Challenges Mastercard and Visa Dominance, Seeking Alternatives for a Fairer Market

UK Payments Report Challenges Mastercard and Visa Dominance, Seeking Alternatives for a Fairer Market

A report commissioned by the government on Wednesday stated that Britain needed a "digital alternative" to depending on Visa and Mastercard for card payments.

Nov 23, 2023 05:07 AM EST


Temasek Issues Alert Over Imposter Agents in China Shilling Bogus Investments

Temasek Issues Alert Over Imposter Agents in China Shilling Bogus Investments

Temasek Holdings, a Singaporean company, issued a warning about potential scams involving the sale of financial instruments or goods to naïve people under the guise of the company's Shenzhen, China, office.

Nov 22, 2023 05:16 PM EST


McDonald's Deepens China Commitment with Carlyle Deal, Boosting Minority Stake

McDonald's Deepens China Commitment with Carlyle Deal, Boosting Minority Stake

McDonald's is acquiring Carlyle's interest in its China operations, boosting its minority ownership from 20 percent to 48 percent.

Nov 21, 2023 07:40 AM EST


SMBC Places Massive Order for 60 Airbus A320neo Planes

SMBC Places Massive Order for 60 Airbus A320neo Planes

The second-largest aircraft leasing company in the world, SMBC Aviation Capital, said on Tuesday that it has placed an order for 60 Airbus A320neo family aircraft, without providing any financial information about the transaction.

Nov 21, 2023 07:00 AM EST


El Nino's Sweet Revenge: Sugar Prices Soar as Crops Wither

El Nino's Sweet Revenge: Sugar Prices Soar as Crops Wither

The world's sugar prices are at their highest point since 2011, mostly as a result of reduced global supply following extremely dry weather that harmed harvests in Thailand and India, the second and third-largest sugar producers.

Nov 19, 2023 08:18 PM EST


US Funds Shift Focus Away from China, Offloading Alibaba, Apple

US Funds Shift Focus Away from China, Offloading Alibaba, Apple

Major U.S. funds are taking a more defensive stance in the face of uncertainty in the second-largest economy in the world by cutting holdings that expose them to China and concentrating more on American technology companies.

Nov 17, 2023 11:10 AM EST


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