The Bank of England has raised interest rates for the first time in a decade to contain an increase in inflation stoked by the Brexit vote, in what is otherwise a moment of high uncertainty for the economy. In a statement Thursday, the bank said it had lifted its benchmark rate, which affects the cost of loans and savings rates in the wider economy, to 0.50% from the record low of 0.25%.
Recent reports in trade journals that abundant catches during 2017 were depressing Falkland Islands loligo prices were challenged this week by local sources concerned with the fishing industry.
Half of Brazilians want former President Lula da Silva to win next year's election and return to the office he occupied between 2003 and 2010. The other half wants him in prison for a corruption conviction.
British Prime Minister Theresa May named Gavin Williamson defence secretary on Thursday after his predecessor, Michael Fallon, became the first casualty of a deepening scandal in British politics. Williamson, 41, is a trusted ally of the prime minister whose former job as chief whip involved enforcing discipline for May's Conservative Party in parliament.
PM Theresa May is to host her Israeli counterpart as part of events marking the centenary of a British pledge which paved the way for Israel's creation. Benjamin Netanyahu's visit comes on the 100th anniversary of the Balfour Declaration of British support for a Jewish national home in Palestine.
By Gwynne Dyer - It's been going on for a while. Recently in Catalonia we have been living through a kind of 'soft' totalitarianism...the illusion of unanimity created by the fear of expressing dissent, wrote best-selling Catalan author Javier Cercas in the Spanish newspaper El País in 2014. Those who didn't want independence kept their heads down and their mouths shut, in other words.
The Bank of England expects Britain to lose up to 75,000 financial services jobs in the years after its departure from the European Union in 2019, the BBC reported. London dominates global currency trading and is Europe’s main finance hub.
Defense Secretary Sir Michael Fallon has resigned, saying his behavior may have “fallen short” of the standards expected by the UK military. He told the BBC that what had been “acceptable 15, 10 years ago is clearly not acceptable now”.Fallon is the first politician to quit following recently revealed claims of serious sexual abuse in Parliament.
The Falkland Islands Government announced on Wednesday the appointment of Simon Young as the next Attorney General of the Falkland Islands. Mr. Young, is due to arrive in early December and will be coming to the Islands with his wife Claire and their three sons.
President Donald Trump has said he will announce on Thursday his choice to lead the seven/member Federal Reserve board beginning in February. Jerome Powell, a Fed board member, is assumed to be the top contender and Trump anticipated that “I think you will be extremely impressed by this person”.