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Saturday, April 27, 2024

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Bank Of England

Banking

Rising Interest Rates Double HSBC’s Profits

Vaishali Shastri -
After benefiting from rising interest rates in the UK and other countries, HSBC reported that its profits for the first half of the year...
World

Britons To Be Limited To 20,000 Digital Pounds Under Bank Of England’s New Plan

Tanisha Rachel Sahu -
People of Britain would be limited to 20,000 digital pounds ($24,000) each if the country adopts digital currency, Jon Cunliffe, Deputy Governor of Bank...
Global

UK To Replace 4.7 Million Banknotes And 29 billion Coins With Queen’s Image

Vaishali Shastri -
Queen Elizabeth’s image has been depicted on a large number of coins, currency notes, and even stamps. Her image is featured in banknotes all...
World

Sharpest Rise In US Interest Rates In Almost 30 Years

Staff -
Federal Reserve raises benchmark interest rate 0.75% as it tries to calm inflation, the sharpest hike since 1994, as it seeks to combat the...
World

UK Bank Of England Governor Talks Of Apocalyptic Impact Of Global Food Prices

Staff -
Britain faces the “major concern” of “apocalyptic” global food-price rises sparked by Russia’s invasion of Ukraine, the Bank of England’s governor has told MPs. Andrew...
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