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.
An explosion at a market in the Armenian capital, Yerevan, has killed at least one person and injured many more. The initial blast sparked a fire.
Regulators in the UK are again the first in the world to provisionally approve a new COVID vaccine for use. The latest shot, from Moderna in the US, is supposed to offer protection against the Omicron variant as well.
Sources say the former envoy to Myanmar has been detained for violating immigration laws. Britain has expressed concern about the reported detention of Vicky Bowman, whose husband is a famous activist.
Dealers and consumers alike are lamenting the galloping spike in the landing cost of automotive spare parts that has increased by at least 40 to 100 percent in the last couple of weeks. The upsurge in prices, on account of the protracted foreign exchange crisis, port charges, and logistics, robbed consumers of purchasing power and deprived dealers of patronage.
The UK is set to learn whether Liz Truss or Rishi Sunak will succeed Boris Johnson as the next prime minister. The new Conservative Party head faces a long and pricey to-do list, including the cost-of-living crisis.
Liz Truss on Monday won the backing of Conservative Party members to take over from Boris Johnson as the United Kingdom’s next prime minister.The foreign secretary fended off competition from her opponent, ex-finance chief Rishi Sunak, by securing the backing of 81,326 of the 172,437 of Conservative Party members who cast their vote in an election that closed Friday.
Liz Truss has finally succeeded Boris Johnson as the become the United Kingdom's new prime minister, who resigned in July after a series of scandals. Truss, 47, defeated rival Rishi Sunak in the Conservative Party leadership contest, and she follows Margaret Thatcher and Theresa May as the third female British Premier Minister.
People around the world and in Britain are mourning the death of Queen Elizabeth II, the U.K.'s longest-reigning monarch and one of the most enduring royal personalities the world has known. She died Thursday at the age of 96.
The world is paying tribute to Queen Elizabeth II, who has died at the age of 96. She reigned for 70 years over a British economy that was transformed in many ways. Our Business Editor Kate Moody looks at how the economy has changed, the cost of living crises that have bookended her time on the throne, and what's in store for businesses during the period of national mourning.
Grief comes in many shapes and forms — especially when experienced collectively. People joining the crowds outside Buckingham Palace have a broad spectrum of views on Queen Elizabeth II and her legacy.
King Charles III has been visiting Northern Ireland on the latest leg of his tour after the death of Queen Elizabeth II. Meanwhile, police are facing criticism over their treatment of anti-monarchy protesters.
During Elizabeth's reign, her profile faced to the right, while Charles's will face to the left. Seemingly a small matter, but changing queen to king on banknotes, coins, stamps and post boxes comes at a cost.
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