Bank of England Governor Andrew Bailey sought to dispel fears that a digital version of the pound will turn into a surveillance tool for UK authorities after its proposals were attacked by conspiracy theorists online and on motorway bridges.
Bank of England Governor Andrew Bailey said Britain’s inflation rate is likely to drop “markedly” this year, and the full impact of interest rate increases has yet to hit the economy.
Ukrainian President Volodymyr Zelenskiy will press his nation’s case for joining NATO in person at a summit in Lithuania on Wednesday as Canada announced plans to more than double the number of its troops in Latvia to help shore up the alliance’s eastern flank.
Vladimir Putin met Wagner mercenary leader Yevgeny Prigozhin days after the failed uprising that he’d denounced as treason, adding another twist to the unprecedented mutiny that threatened the Russian president’s nearly quarter-century rule.
Americans are still willing to spend on chocolate, even as higher prices mean that they’re getting less for the money.
Stellantis NV and Toyota Motor Corp. blasted a Biden administration plan to squelch auto pollution, saying it would compel aggressive and unrealistic sales of electric vehicles that strain critical mineral supplies.
Federal Reserve Bank of San Francisco President Mary Daly said the US central bank will likely need to raise interest rates a couple more times to return inflation to its goal.
Thames Water Ltd. said it needs “significant additional funding” in the years ahead to service its debts and fix leaky pipes, even as investors agreed to put an extra £750 million ($960.4 million) into Britain’s biggest water utility.
Mark Zuckerberg’s rival to Twitter has soared since its debut to more than 100 million users, but won’t supplant Microsoft’s LinkedIn anytime soon.
Bank of America Corp. promoted Annali Duarte to head of global transaction services for Latin America.
