International

Friday, March 17th 2023 - 07:53 UTC
“Euro area banking sector is resilient, with strong capital and liquidity positions”, ECB President Lagarde

Anticipating the Euro area banking sector is resilient, with strong capital and liquidity positions, and that inflation is projected to remain too high for too long, the European Central Bank announced on Thursday that the ECB Governing Council decided to increase the three key ECB interest rates by 50 basis points, in line with its determination to ensure the timely return of inflation to the 2% medium-term target.
Friday, March 17th 2023 - 00:44 UTC
With the collapse of Credit Suisse, oil prices continue to slide, 10% in a week

Oil prices continued their slide on Wednesday after another banking fallout unsteadied the market further. WTI plunged 4.21% on Wednesday, falling below US$ 70 for the first time since December 2021 to US$ 68.33 per barrel ET. Brent Crude fell over 3.94% to US$ 74.40, for a loss of US$ 3.05 per barrel.
Friday, March 17th 2023 - 00:20 UTC
UN chief Guterres accuses oil and gas companies of making “immoral profits”

UN Secretary-General Antonio Guterres accused oil and gas companies of making “excessive” profits from the energy crisis sparked by the war in Ukraine, calling it “immoral.” Guterres, releasing a UN report on the consequences of Russia's invasion of Ukraine, urged governments to tax the companies' earnings.
Thursday, March 16th 2023 - 07:35 UTC
Chancellor Hunt, “British ale may be warm, but the duty on a pint is frozen”

The price of a packet of cigarettes rose hours after the UK Budget was delivered in Parliament, while drinkers will see tax on alcohol go up by 10.1% in August, in line with inflation. According to London media, the only alcohol not to see a rise was draught beer where duty will be frozen. Chancellor Jeremy Hunt said this was to help “the great British pub”.
Thursday, March 16th 2023 - 07:22 UTC
Next SNP leadership predicts an independent Scotland in five years time

All three Scottish National Party leadership candidates have predicted that Scotland can be an independent country within five years if they win the contest. Ash Regan, Humza Yousaf, and Kate Forbes were speaking as they faced each other in a BBC Scotland TV debate.
Thursday, March 16th 2023 - 07:02 UTC
Falklands, Chinese jet fighters and the pro Beijing lobby in Argentine Defense and Diplomacy

The Argentine Embassy in China said that Buenos Aires is considering procuring the JF-17 aircraft, with Chinese analysts saying on Wednesday that the fighter jet jointly developed by China and Pakistan is the best choice for Argentina in terms of performance and availability.
Thursday, March 16th 2023 - 06:40 UTC
UK Corporation Tax rate will increase from 19% to 25%; investments deductable

Corporation Tax, paid on UK company profits, will rise next month, chancellor Jeremy Hunt has confirmed to Parliament. It will go up from 19% to 25% for companies with over £250,000 in profits, Mr. Hunt told the Commons.
Thursday, March 16th 2023 - 06:25 UTC
Queen's Brian May knighted by King Charles III

Brian Harold May, guitarist of the legendary band Queen and holder of a PhD, said he was “thrilled” after being made Knight of the Most Excellent Order of the British Empire by King Charles III.
Tuesday, March 14th 2023 - 13:51 UTC
Following the failure of Silicon Valley Bank, the Fed and BoE have issued statements

The Federal Reserve Board on Monday announced that Vice Chair for Supervision Michael S. Barr is leading a review of the supervision and regulation of Silicon Valley Bank, in light of its failure. The review will be publicly released by May 1.
Tuesday, March 14th 2023 - 10:25 UTC
Little has changed since the referendum, MLA Pollard tells Clarín

Marking the 10th anniversary of the Falklands Islands referendum regarding self-determination, MLA Mark Pollard was interviewed by Buenos Aires' Clarín to discuss that consultation and other topics regarding current events involving the South Atlantic overseas territories.