British pound slides after Bank of England recession warning
The British pound on Thursday sank against the U.S. dollar after the U.K.’s central bank said it expected a recession to last for all of 2023 and the first half of 2024.
UK faces longest recession since records began, Bank of England says
The Bank of England warned Thursday that the U.K. is facing its longest recession since records began, with the economic downturn expected to extend well into 2024.
Ukraine government is seeking alternatives to Elon Musk’s Starlink, vice PM says
The Ukrainian government is looking for alternatives to Starlink, the satellite internet arm of Elon Musk’s SpaceX, Vice PM Mykhailo Fedorov said.
Magic mushroom compound psilocybin can help treat depression, study finds
The psychedelic compound psilocybin can significantly reduce symptoms of depression, according to data from the largest trial of its type ever conducted.
Should you follow Carl Icahn into his next big move? Deutsche Bank sees possible 45% gain
Icahn has amassed an 8% stake in Crown, and Deutsche Bank thinks investors should follow suit.
Bank of England raises its benchmark rate by 75 basis points, its biggest hike in 33 years
The 75 basis point increase takes the Bank Rate to 3%, its eighth consecutive hike to the main lending rate.
Former Pakistan PM Imran Khan shot and wounded at protest march
Pakistan’s former Prime Minister Imran Khan was shot and wounded while leading a massive protest march in the city of Wazirabad.
Watch Governor Andrew Bailey speak after the Bank of England’s rate hike
Bank of England Governor Andrew Bailey is speaking at a press conference following the U.K. central bank’s latest monetary policy decision.
Turkey’s inflation tops 85% as Erdogan continues to rule out interest rate hikes
The dramatic rise in living costs for the country of 85 million has continued unabated for nearly two years.
Singapore wants to be a hub for blockchain in finance, just not speculative crypto trading, MAS says
The city-state has shown its approval for blockchain technology and has embarked on various projects such as Project Ubin and Project Guardian.
