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Facebook parent company says it has dismantled Chinese network that targeted us politics
... included more than 1,600 Facebook and Instagram accounts and spent around $105,000 on advertisements. In addition to producing bogus social media posts, the report said it created fake websites designed to spoof major European news outlets, including Britain's Guardian newspaper and Germany's Der Spiegel news magazine. The takedowns are a reminder that U.S. adversaries continue to use social media to wage an information war. The Russian operation to interfere in the 2016 election went unchecked for ...
Updated: 09/27/2022
Sterling tumbles 5 per cent against dollar on rising taxes
... $1.04. That was triggered by the British government's plan to slash taxes and provide handouts to help families cope with soaring household energy bills. Paying for it will require the government to borrow billions of pounds, deepening anxiety about Britain's public finances at home and abroad. The pound dropped by 2.7 per cent against the Singapore dollar, hovering around S $1.50 on Monday. The Bank of England promised to monitor markets and take action if necessary, and the pound bounced back to ...
Updated: 09/27/2022
Kwarteng to meet bankers, investors in crisis meeting
On Tuesday, Kwasi Kwarteng is meeting with Britain's top bankers and other senior City figures in planned talks that are likely to turn into a crisis meeting after the sell-off of the pound and government bond market meltdown. On Tuesday, Kwasi Kwarteng is meeting with Britain's top bankers ...
Updated: 09/27/2022
U-turn needed to reverse UK's confidence crash, economists say
... confidence crash requires policy U-turn: economists Commuters walk across the London Bridge towards the financial district, London Bridge to the financial district, reflected in windows of an office. LONDON Reuters - Rock bottom investor confidence in Britain will only recover with a U-turn of the economic plan announced last week by finance minister Kwasi Kwarteng , U.S. economist Larry Summers and J.P. Morgan . The pound touched an all-time low of $1.0327 on Monday as British government bonds ...
Updated: 09/27/2022
Investors worried about recession as central banks raise rates
... rates. It is clear now that the major central banks are not going to blink in bringing down inflation at the cost of growth, according to Rob Subbaraman , head of global macro research at Nomura . Analysts believe that the United States, Europe, and Britain will be more likely to experience a recession in the coming quarters. Mr. Subbaraman said that he was more worried about Europe than the U.S. in terms of the depth of the recession. On Monday, the pound fell to an all-time low against the dollar,...
Updated: 09/27/2022
Japan summons Russia’s ambassador over diplomat’ing interrogation
... security service. The FSB said it was holding him on charges of espionage, one of which was linked to the effect of Ukraine war sanctions on Russia. The Kremlin has previously labelled Japan a hostile country, a designation that it shares with the US, Britain and EU after Tokyo joined them in imposing sanctions on Moscow over the war in Ukraine. Hayashi said on Tuesday that Motoki had not engaged in any illegal activity and described his detention as totally unacceptable. In response, Japan s foreign ...
Updated: 09/27/2022
Hungary's Orban slams EU's sanctions against Putin
... defense staff held talks with the Russian defense attache in London. The Ministry of Defence said Admiral Sir Tony Radakin and Colonel Maxim Elovik met as part of the ongoing efforts to strengthen military to military channels of communication between Britain and Russia.
Updated: 09/27/2022
Bloomberg vigilantes are back in the saddle again
... has caused a currency crisis for the pound, which could have global consequences and erode London's status as a global financial center. Summers , a Harvard University professor and paid contributor to Bloomberg Television , wrote on Twitter that Britain's trade current account deficit underscores the seriousness of its challenges. My guess is that the pound will be less than parity with the dollar and euro.
Updated: 09/27/2022
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