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Bank of England Holds Rates Steady Amid Gloomy Economic Outlook
The Bank of England has opted to keep interest rates unchanged, citing persistent inflation concerns and signaling a cautious approach to future rate cuts. Despite this, the central bank revised its economic growth forecast for the final quarter of the year to zero, down from an earlier estimate of 0.3 percent. In a 6-3 decision […] More
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Can Bitcoin Still Crash to Zero? A Deep Dive
Bitcoin, the world’s first and most popular cryptocurrency, has experienced significant price volatility since its inception. While it has demonstrated remarkable growth and resilience, the question of whether it could still crash to zero persists. Understanding the Risks Factors Supporting Bitcoin’s Resilience One of the primary risks associated with Bitcoin is its inherent volatility. The […] More
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Decentralized Crypto Wallets and Growing Money Laundering Risks
Decentralized cryptocurrency wallets, often praised for their security and anonymity, have emerged as powerful tools in the evolving landscape of digital finance. By offering users the ability to store, manage, and transfer digital assets without relying on centralized entities, these wallets exemplify the ethos of decentralization that underpins blockchain technology. However, the very features that […] More
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New Ownership for Southampton Airport as Part of £1.5 Billion AGS Airports Deal
Southampton Airport is getting a new owner after a major £1.5 billion transaction. The airport, along with Glasgow and Aberdeen airports, was sold by AGS Airports, which was a partnership between Spanish construction giant Ferrovial and the Australian investment firm Macquarie. The new owner, AviAlliance, is an airport management firm that belongs to Canada’s Public […] More
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Retailers Warn Government of Inflation and Job Losses Due to New Budget Taxes
Some of the largest retail businesses in the UK have raised serious concerns over recent tax hikes introduced in the latest budget. In a letter drafted by the British Retail Consortium (BRC) and addressed to Chancellor Rachel Reeves, these retailers warn that the new budget will inevitably lead to increased prices for consumers and job […] More
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Inflation in the US: Recent Rise Signals Ongoing Challenges for Price Stability
In recent months, the United States has been making progress in bringing down inflation – the rate at which prices increase. However, in October, that progress appeared to slow down. According to the latest report from the US Labor Department, consumer prices rose by 2.6% over the 12 months leading up to October, which is […] More
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Post Office Announces Closure of 115 Branches, Raising Concerns About Jobs and Community Impact
The Post Office recently revealed plans to close 115 of its branches, a decision that could impact about 2,000 jobs across the UK. Unions and workers have responded with strong criticism, labeling the decision as “immoral” and “tone deaf,” especially as it comes shortly after the fallout from the Horizon IT scandal. The Horizon scandal, […] More
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Electric Car Discounts Soar as Britons Move Away from Petrol and Diesel Vehicles
Electric cars are becoming more affordable for UK consumers, with prices falling dramatically in recent months. This price drop, reaching as much as 33% on some models, comes as manufacturers try to meet their goals for selling electric vehicles (EVs) by the end of the year. The result is the biggest discounts the electric car […] More
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Leading UK Estate Agent Lowers Long-Term House Price Growth Forecast
A prominent UK estate agent, Hamptons, has updated its expectations for house price growth in the coming years. It now predicts that property prices will rise only modestly, mainly because of the higher interest rates and other economic factors. This decision comes as the effects of rising interest rates continue to influence the housing market. […] More
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Education and Job Type Strongly Influence Hybrid Working Opportunities, ONS Reports
Since the Covid-19 pandemic, the way we work has changed for many people, with some working part-time in the office and part-time from home. According to a report by the Office for National Statistics (ONS), this “hybrid working” model is much more common for workers with a degree-level education. In fact, the ONS found that […] More
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