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Thursday, February 22, 2024

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Bank Of England

Rising Interest Rates Double HSBC’s Profits

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

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

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...

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

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...

Sharpest Rise In US Interest Rates In Almost 30 Years

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...

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

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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