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9 mentions found


☆ Bank of England intervenes to stabilize U.K. economy as pound crashes
  + stars: | 2022-09-28 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Smith-Circle-Byline-Template.Jpg | Alexander Smith | ) www.nbcnews.com   time to read: +4 min
LONDON — If anyone thought Britain was due a period of calm after Boris Johnson’s tumultuous premiership, no one told his successor. But the proposed solution by new Prime Minister Liz Truss has quickly sent the economy spiraling into chaos, threatening consequences both immediate and long-lasting for many Britons. Prime Minister Liz Truss's government unveiled a financial plan last week that sparked market concern and public criticism. The nose-diving pound will also make everyday products in Britain more expensive as importers face spiraling costs. It wants to supercharge Britain’s sluggish economy by any means necessary — even if that means short-term shocks.
☆ The pound just plunged to an all-time low against the dollar. Here's why the promise of tax cuts tanked the British currency.
  + stars: | 2022-09-26 | by ( Theron Mohamed | ) www.businessinsider.com   time to read: +3 min
It plunged on fears impending tax cuts will worsen inflation and prompt faster interest-rate hikes. The UK economy is already battling slower growth and a cost-of-living crisis. On Sunday, Kwarteng hinted there could be even more tax cuts coming. His tax cut plan is aimed at boosting the ailing UK economy and reducing the risk of a severe recession. Some investors don't believe the impending tax cuts will be fully-funded, meaning the UK government's debt pile will grow.
☆ Billionaire Russian oligarch Roman Abramovich met Saudi Prince Mohammed bin Salman to help broker a Russia-Ukraine prisoner swap, report says
  + stars: | 2022-09-23 | by ( Sam Tabahriti | ) www.businessinsider.com   time to read: +2 min
Russian oligarch Roman Abramovich and Saudi Prince Mohammed bin Salman met in late August. Their meeting helped broker a Ukraine-Russia prisoner swap announced Thursday, Bloomberg reported. In a major prisoner swap announced Thursday, Ukraine handed over 55 captives, including pro-Russian tycoon Viktor Medvedchuk. The Saudi, Ukrainian, and Russian governments did not immediately respond to separate requests for comment from Insider on the prisoner swap Friday. The Sun newspaper reported Thursday that Abramovich was on a private jet used to transport the freed foreign prisoners from Russia to Saudi capital Riyadh.
☆ After Queen Elizabeth's funeral, Britain wakes to economic challenges
  + stars: | 2022-09-20 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Smith-Circle-Byline-Template.Jpg | Alexander Smith | ) www.nbcnews.com   time to read: +1 min
LONDON — Even for a country that prides itself on pageantry, it was an occasion of majestic splendor. Yet, the ceremony and solemnity of the state funeral are already giving way to an unavoidable realization: The grandeur that marked Queen Elizabeth II's funeral and was seen by billions across the world is not the reality of the country that most woke up to Tuesday. Britain is facing myriad crises, from spiraling costs for food and fuel to an energy crunch that could cause blackouts this winter. “This has been 10 days of Britain being in suspended animation,” said Scott Lucas, a professor of American studies at England’s University of Birmingham who specializes in British and American politics. “The Brits are going to get an immediate shock and an immediate dose of reality.”
☆ Queen Elizabeth’s funeral marks the end of television dominance that started with her coronation
  + stars: | 2022-09-18 | by ( David Zurawik | ) edition.cnn.com   time to read: +6 min
On social media, the queen was often discussed and, in many cases, denounced for Britain’s history of colonialism and her handling of royal scandals. CNN, for example, will start carrying live TV coverage at 5 a.m. Although Thompson expects a “very big” audience, he does not see it proportionally rivaling the 1953 the coronation. “I don’t think this funeral can possibly penetrate the global attention the way the 1953 coronation did — or even the wedding in 1981. And yet, the coronation coverage found an audience of 85 million viewers in the US, according to the BBC.
☆ Bonus cap scrap would be dubious Brexit dividend
  + stars: | 2022-09-15 | by ( Liam Proud | ) www.reuters.com   time to read: +4 min
A person points to the City of London financial district from a viewing platform in London, Britain, October 22, 2021. REUTERS/Hannah McKayLONDON, Sept 15 (Reuters Breakingviews) - UK finance minister Kwasi Kwarteng wants to make the City more competitive. That means UK banks and foreign ones operating in London might have to keep their compensation policies broadly the same to retain staff. Bringing the highly charged issue to the fore means Kwarteng might have less cover to push ahead with more meaningful changes, like getting rid of the bank levy. CONTEXT NEWSBritish finance minister Kwasi Kwarteng is seeking to scrap Britain’s cap on bankers’ bonuses, the Financial Times reported on Sept. 14.
☆ 35 de ani de la explozia de la Cernobîl, cea mai mare catastrofă nucleară civilă. Cum arată acum zona de excludere
  + stars: | 2021-04-26 | by ( ) ziuadeazi.md   time to read: +61 min
– THIS MONTH marks the 28th anniversary of the nuclear disaster that left the city of Chernobyl devastated. – THIS MONTH marks the 28th anniversary of the nuclear disaster that left the city of Chernobyl devastated. – THIS MONTH marks the 28th anniversary of the nuclear disaster that left the city of Chernobyl devastated. – THIS MONTH marks the 28th anniversary of the nuclear disaster that left the city of Chernobyl devastated. – THIS MONTH marks the 28th anniversary of the nuclear disaster that left the city of Chernobyl devastated.
☆ Redefining retirement: How I quit my career to travel the world
  + stars: | 2019-11-14 | by ( Verne Maree | ) www.cnbc.com   time to read: +5 min
A year later, we sailed her across the Channel to Calais, down rivers and canals to the south of France — an unforgettably wonderful experience. Then we fly south — like migrating geese — to spend yet another summer between Durban and Perth. The nomadic retirementNow meet South Africans Gail and Neil Greenfield, the epitome of retired nomads. Rather than slowing down, nomadic retirees quit work to travel the world. When it comes to the planning, big events like this year's Rugby World Cup in Japan are anchored in first, Gail explained.
☆ British food: 20 best dishes
  + stars: | 2019-03-22 | by ( Anna Pallai | ) edition.cnn.com   time to read: +8 min
CNN —If British food has come in for a bit of mockery over the years, it isn’t because the recipes are wrong. Eating British food is not just eating. Like 95% of all British cuisine, it is comprised entirely of eggs, flour, milk and fat. By the age of 16, the average British child will have eaten this dish 4,160 times. Layer one pudding on top of another pudding on top of another and cover it all with whipped cream.
Persons: they’re, that’s, Suzanne Plunkett, CNN We’re, Prozac, Margaret Thatcher, carbs Suzanne Plunkett, Proust, haddock, CNN Can’t, Queen, England, it’s, –, Union Jack, Cliff Richard, Johnson Organizations: CNN, Scottish, Wimbledon Locations: England, Scotland, Wales, Northern Ireland, Yorkshire, Eton, Britain, China, Japan, Union, Dover, Iceland, Europe, America, scone, India
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