Month: October 2022

The Bank of England’s governor has ruled out extending its bond-buying support for pension funds beyond Friday’s deadline, prompting a dramatic fall in the value of the pound. Andrew Bailey told an event in Washington that funds had “three days left… to get this done” after a series of interventions to support the “dysfunctional” market
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Vladimir Putin has said Monday’s deadly missile strikes targeting cities in Ukraine were in retaliation for its “terrorist action” against Russian territory. In televised remarks, the Russian president said Moscow had launched long-range missile attacks against Ukraine’s energy, military and communications infrastructure on Monday. Cities including Lviv, Ternopil, Dnipro, Zhytomyr, and Zaporizhzhia were targeted, with
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Once upon a time, in a galaxy not so far away, the hallowed institution of nerdom became mainstream. No longer are the niche predilections of geeks sequestered to the outskirts of pop culture; these die-hard fans have cultivated a recognized movement that can shift the cultural discourse. But for fans like New York Times critic-at-large
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Chancellor Kwasi Kwarteng’s debt-cutting plan will be published on 31 October – three weeks earlier than planned – alongside an independent economic forecast, the Treasury has confirmed. Both the publication of the medium-term financial plan and the forecast by the Office for Budget Responsibility (OBR) had been due on 23 November, but the chancellor has
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The acquisition by Morrisons of McColl’s, one of Britain’s biggest convenience store chains, has edged closer to being given the go-ahead by the competition watchdog. The Competition and Markets Authority has said it is “minded to accept” proposals from the retailers. A total of 28 McColl’s stores could be offloaded as part of the proposals
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