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UN report on the dangers of unregulated cryptocurrencies
... registration of wallets and exchanges, 2 the imposition of cost-prohibitive fees and taxes on criptocurrencies and 3 the prohibition of stable coin sales by banks and traditional financial institutions to minimize the risks to emerging economies. As the United Kingdom has moved to do, it exhorted countries to ban cryptocurrencies on social media and in public arenas like buses. The report said that policymakers must expand the scope of regulation beyond traditional media to be able to participate in this new ...
Updated: 08/05/2022
Rishi Sunak's resignation sparks uncertainty in the UK
The shock resignation of Rishi Sunak on July 5 has caused uncertainty about the future direction of cryptocurrencies in the United Kingdom. The shock resignation of Rishi Sunak on July 5 has caused uncertainty about the future direction of cryptocurrencies in the United Kingdom. In the months before his resignation, the former Chancellor spearheaded several policies to make the ...
Updated: 08/05/2022
China's embassy in UK urges UK politicians to stop undermining its core interests
China's ambassador to the United Kingdom, Zheng Zeguang, speaks a day before the Aug 1 anniversary of the founding of the People's Liberation Army of China. China's ambassador to the United Kingdom, Zheng Zeguang , speaks a day before the Aug 1 anniversary of the founding of the ...
Updated: 08/05/2022
Hong Kong reports 5,020 new COVID-19 cases, 3 deaths
... that the Hong Kong Special Administrative Region government has no plans to tighten social distancing measures. Of the 247 imported cases, 120 were detected at the airport, 102 at quarantine hotels and 25 after quarantine. Forty-seven came from the United Kingdom, while 23 came from the United States. She said 286 schools had 300 students and 68 teaching staff testing positive on Thursday. Three schools in Tai Po, Sai Kung , and Eastern District suspended some in-person classes for one week after infections ...
Updated: 08/05/2022
Sun Life shares jump 2.9% after better-than-expected profit
... reporting a better than expected second quarter profit and the sale of its U.K. business and an asset management partnership with the buyer, Phoenix Group Holdings . Sun Life , Canada's second-largest life insurer, agreed to sell its business in the United Kingdom to Phoenix Group for 248 million pounds $301 million and become its strategic asset management partner, managing about C $9 billion $7 billion of Sun Life UK's general account. Sun Life expects to get a good chunk of the $25 billion Phoenix ...
Updated: 08/04/2022
China condemns G7's warning over Taiwan crisis
... countries on the basis that Taiwan is recognized as part of one China. Pelosi's visit to Taiwan was neither normal nor routine. It betrayed the letter and spirit of the US commitment. It has set a dangerous precedent. A parliamentary delegation from the United Kingdom will follow suit later this year, even though it comes as no real surprise given Western countries' obsequious subservience to Washington. Pelosi has visited instead of serving her intention to show Beijing that its patience in seeking peaceful ...
Updated: 08/04/2022
BoE hikes interest rates by most since 2008, predicts U.K. economy will hit double digits
... restriction of gas supplies to Europe and the risk of further curbs. The average household fuel bill could rise from just under 2,000 to about 3,500 when regulated prices increase in October, the BoE said. Injuries to energy and food prices in the United Kingdom hit a new level of 9.4% in June. The BoE expects consumer price inflation to hit 13% in the fourth quarter of the year and stay at very elevated levels for much of 2023 before dropping back to its 2% target in two years time. In 2022 and 2023,...
Updated: 08/04/2022
Bank of England raises interest rates for sixth time since December
... bill for millions of households will go up by another 83% to reach 3,600 $4,380, that's 300 $365 a month spent on gas and electricity, according to Cornwall Insight . According to a new report from consultancy BFY Group , average energy bills in the United Kingdom could top 500 $613 for January alone. On July 24, 2022 in London, England, a driver pumps fuel at an Esso Tesco petrol station. Many Supermarket Fuel Stations are charging high prices on the forecourt despite wholesale prices falling over the ...
Updated: 08/04/2022
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