UK market mayhem sparks ‘unprecedented’ bond-buying from Bank of England
30 September 2022 | 9:56 am
The Bank of England has launched a £65 billion emergency bond-buying programme, in an effort to calm the markets and avert a financial crisis. The "unprecedented" support comes amid mounting criticism of the government's plan to slash taxes.
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Lawmakers in the House of Commons backed a report which said the former prime minister misled parliament regarding his rule-breaking parties during the COVID-19 pandemic.
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It was meant to be the jewel in the Brexit crown, but the UK has, so far, failed to sign a free trade agreement with the US.
Former Manchester City soccer player Benjamin Mendy was found not guilty of one count of rape and one of attempted rape by a British court, PA Media reported on Friday.
The interest rate was increased to an anticipated 5.25%, the bank's 14th hike in a row. The bank is expected to continue with its policy of hiking the interest rate in the next months to combat inflation.
UK begins to move asylum seekers to barge on south coast
The yearlong hack gave intruders access to the organization's email, control systems, and copies of the electoral registers. The identities of the hackers has not yet been disclosed.
The first asylum seekers to be held on the Bibby Stockholm accommodation barge have been removed after the discovery. The government had already faced criticism over plans to hold up to 500 people on the vessel.
British Prime Minister Rishi Sunak said on Monday his government was looking to change the law following reports British nurse Lucy Letby was refusing to leave her cell for sentencing. Letby was convicted on Friday (August 18) of murdering seven babies and trying to kill another six at the hospital where she worked in northwest England, making her one of the country's worst serial child killers.
Find these stories and much more when you grab a copy of The Guardian on Wednesday.
Find these stories and much more when you grab a copy of The Guardian on Friday.
The maker of weight-loss drug Wegovy has become Europe's most valuable firm, dethroning the French luxury conglomerate LVMH. Shares rose after the Danish pharmaceutical giant, Novo Nordisk, launched the popular drug in the UK. At the close of trading on Monday, the firm had a stock market valuation of $428bn (£339bn).
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Citing declining inflation and a strong rebound in economic activity, Ghana's central bank on Monday (September 25) held its interest rate at 30%.
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EU chief Ursula von der Leyen and Italy's premier Giorgia Meloni have visited a migrant center on Italy's southernmost island after a surge in the number of migrants arriving there.
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German police say 26 officers were among those injured after violence on the sidelines of an Eritrean event in Stuttgart. Tensions run deep within the diaspora over the eastern African nation's polarized politics.
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Find these stories and much more when you grab a copy of The Guardian on Saturday.
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After beginning a strike one week ago, the United Auto Workers union has increased the number of plants affected by industrial action. Until now, workers have been striking at three sites, one each for Ford, General Motors and Stellantis. UAW leader Shawn Fain says that will be increased to 38 factories, all of them GM and Stellantis parts distribution centres. Ford has been spared of further disruption, with the union saying the company has made "important concessions".
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This week in Across Africa, Georja Calvin-Smith speaks to Namibian President Hage Geingob ahead of his arrival in New York for the UN General Assembly. He shares his perspective on governance, the impact of Africa's first climate change summit and the role of the African Union in responding to regional upheaval.