Tag: economic policies

Shares and Pound Splutter Ahead of UK Budget

November 17, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON—Nagging recession and interest rate worries had Europe’s markets spluttering on Thursday, and the pound started to sag as Britain looked to put last month’s disastrous fiscal experiment behind it with an austere-looking budget. Trading got off to a choppy start as optimism about Siemens’ earnings and that the European Central Bank might slow its…

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BoE Governor Defends Pandemic QE, Says Mini-Budget Damaged UK’s Reputation

November 17, 2022
Andrew BaileyBank of EnglandBusiness & Marketseconomic policieseconomyinflationrecessionUKWorld
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The Bank of England’s (BoE) quantitative easing (QE) during the COVID-19 pandemic did contribute to soaring inflation in the UK, but the impact was hard to predict at the time, the central bank’s Governor Andrew Bailey said on Wednesday. Bailey also said former Prime Minister Liz Truss and her Chancellor Kwasi Kwarteng’s so-called mini-budget has damaged the…

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San Francisco to Give $1,200 a Month to Low-Income Transgender Residents

November 17, 2022
Business & Marketseconomic policieseconomyinflationLocal NewsNorthern Californiapersonal financeRegional-Local NewsSan FranciscoSocial IssuestransgenderUSUS News
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San Francisco has launched a new pilot program offering guaranteed monthly income to a number of low-income transgender residents of the city, Mayor London Breed announced on Wednesday. Known as the Guaranteed Income for Transgender People (G.I.F.T.) program, the new plan will provide “economically marginalized transgender people with unrestricted, monthly guaranteed income as a way to combat poverty…

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Yellen Contradicts Biden, Sees No Reason to Investigate Musk’s Twitter Deal

November 16, 2022
Business & MarketsCFIUSCompanieseconomic policiesElon MuskJanet YellenPoliticsTwitterUSUS News
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Democrats have been debating whether Twitter’s new ownership poses national security risks and warrants an investigation since billionaire Elon Musk’s acquisition of the social media platform late last month. However, Treasury Secretary Janet Yellen says that there is “no basis” for a probe into the Twitter deal. Yellen’s comments came after President Joe Biden indicated…

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Fed Teams Up With Major Banks to Test Digital Dollar Pilot Program

November 16, 2022
Business & Marketscryptocurrencydigital dollareconomic policieseconomyMarketsNew York Federal ReservePolicies & ImpactsUS
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The Federal Reserve Bank of New York announced that it would be teaming up with global financial giants to launch a 12-week digital dollar pilot program. The New York Fed’s experiment will review how banks are able to process digital dollar tokens within the central bank system and quantify their impact, with the assistance of…

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WTO Warns of ‘Real’ Recession Risk in Some Major Economies

November 16, 2022
Asia & PacificBusiness & Marketseconomic policiesEconomieseconomyG20inflationInternationalMarketsrecessionWorldWTO
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NUSA DUA, Indonesia—The head of the World Trade Organization (WTO) warned on Wednesday that several major economies face a real risk of sliding into recession as the war in Ukraine, rising food and fuel costs, and soaring inflation cloud the global outlook. “It may not happen everywhere, but several key countries risk sliding into recession,”…

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‘Preeminent’ Washington Network Raised Over $1.5 Billion in Dark Money for Funding Liberal Causes

November 16, 2022
arabella advisorsBusiness & MarketsCompaniesdark moneydefund the policeDemocratseconomic policiesGeorge SorosPoliticsradical green energy policiesUS
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Washington-based consulting firm Arabella Advisors reportedly raised and spent billions in dark money last year to fund left-wing endeavors. In U.S. politics, dark money refers to anonymous donations aimed at influencing elections. In addition to raising $1.5 billion, Arabella also spent $1 billion to support its causes in 2021, according to a Fox News report…

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Klaus Schwab Wants to ‘Structurally Restructure’ the World Despite ‘Extensive Social Tensions’

November 16, 2022
agenda 2030Business & Marketseconomic policiesFourth Industrial RevolutionInternationalKlaus SchwabThe Great ResetWorldWorld Economic Forum (WEF)
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At the B20 meeting in Indonesia, Klaus Schwab, founder of the World Economic Forum (WEF), put forward the proposal to restructure the world. The B20 is the official G20 dialogue forum with the international business community. “What we have to confront is a deep systemic and structural restructuring of our world. And this will take…

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UK Insurers Want Right to Collect Accident Data Before They Agree to Provide Cover for Driverless Cars

November 16, 2022
autonomous vehiclesBusiness & Marketscar insuranceCompaniesDriverless Carseconomic policiesHouse of Commonspersonal financeUKWorld
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A committee of MPs, which has been hearing evidence from experts on autonomous vehicles, has been told by a senior figure in the insurance industry they would need to be given the right to collect “collision data” from driverless cars before they were prepared to insure them on Britain’s roads. The committee was also told…

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Wall Street Opens Lower on Grim Sales Outlook From Target

November 16, 2022
Business & Marketseconomic policieseconomyinflationMarketsrecessionstocksUS
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Wall Street’s main indexes opened lower on Wednesday after top retailer Target’s dour holiday forecast stoked fears of inflation hurting a crucial business season for retailers. The Dow Jones Industrial Average fell 38.0 points, or 0.11 percent, at the open to 33,554.93. The S&P 500 fell 14.9 points, or 0.37 percent, at the open to…

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