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Montevideo, March 29th 2025 - 11:37 UTC

Tag: Mark Carney

  • Tuesday, March 18th 2025 - 10:24 UTC

    King Charles support for Canadian sovereignty and new PM Mark Carney

    The King has sought to make clear his commitment to Canada, and if it had not been for his cancer diagnosis, he would have travelled for an intended visit in 2024.

    King Charles gave a warm welcome to the new Canadian Prime Minister Mark Carney when he visited Buckingham Palace on Monday. It was another symbolic gesture of support for Canada from a King, wearing a red tie, who has to send coded signals rather than spell things out in words, as Canada faces threats from US President Donald Trump.

  • Saturday, March 15th 2025 - 10:57 UTC

    Canada will never be the US' 51st State, Carney says

    Carney wants to talk with Trump but will strengthen European alliances first

    Mark Carney was officially sworn in Friday as Canada's new Prime Minister before Governor General Mary Simon, the personal representative of King Charles. He insisted his country would not become Washington's 51st State, as suggested by US President Donald Trump. Canada “will never, ever, in any way, shape or form, be part of the United States,” he stressed.

  • Tuesday, March 11th 2025 - 10:55 UTC

    Canada's new PM's past in Brazil comes to light

    Carney played a senior role at Brookfield, a company linked to deforestation and slave-like labor scandals in the South American country

    Canada's new Prime Minister, Mark Carney, may be a novice in politics but not to scandals, given his past at the investment firm Brookfield Asset Management, where he was vice chair and head of transition investing, later becoming chair of the asset management arm. During his tenure, Brookfield's name was linked to deforestation and slave-like labor practices, which seem to clash with Carney’s public stance on sustainability and climate action.

  • Monday, March 10th 2025 - 09:00 UTC

    Carney to succeed Trudeau as Canadian PM

    In 2013, Carney became the first non-citizen to run the Bank of England since it was founded in 1694

    Mark Carney, a former central banker and governor of both the Bank of Canada and the Bank of England, has been elected as the new leader of Canada’s Liberal Party, succeeding Justin Trudeau as prime minister after a landslide victory over former Finance Minister Chrystia Freeland with 85.9% of the vote. His election comes at a time when the country faces a trade war with the United States, given President Donald Trump's tariffs, in addition to wanting it to become the 51st U.S. state.

  • Saturday, November 5th 2022 - 09:48 UTC

    Ex BoE governor blames much of UK's economic challenges on Brexit

    Mark Carney said Brexit was also helping to fuel inflation and had “slowed the pace at which the economy can grow”.

    Former Bank of England governor, Mark Carney said that the fall in the pound and shrinking economy after the UK left the European Union, Brexit, had added to “inflationary pressure”.

  • Monday, December 2nd 2019 - 09:22 UTC

    Bank of England governor Mark Carney appointed UN Envoy for Climate Action

    The announcement comes ahead of COP25, the UN's annual climate change conference, which gets under way in Madrid on Monday

    Bank of England governor Mark Carney has been appointed United Nations Special Envoy for Climate Action and Finance. Mr. Carney will take up his new post once his term as governor ends on 31 January 2020.

  • Tuesday, July 16th 2019 - 21:42 UTC

    Enigma code breaking genius chosen to be on new £50 English banknotes

    “Turing is a giant on whose shoulders so many now stand,” Bank of England Governor Mark Carney said.

    Alan Turing was preferred over Stephen Hawking and Margaret Thatcher to feature on the highest-denomination bills in the country. The Bank of England has selected the face of the computer science genius whose most famous breakthrough proved decisive in the outcome of World War II against Germany to appear in the new £50 note (around 62 US dollars) due to enter circulation by the end of 2021.

  • Friday, May 3rd 2019 - 09:03 UTC

    Bank of England interest rate evolution depend on resolution of the Brexit impasse

    If there is a resolution to the Brexit impasse, and inflation and growth continue to pick-up, then more increases are likely, governor Carney said.

    United Kingdom interest rate increases could be “more frequent” than expected if the economy performs as the Bank of England is expecting, governor Mark Carney says. The markets are forecasting just one interest rate increase by 2021.

  • Saturday, April 20th 2019 - 09:43 UTC

    England and France top bankers warn of financial risks associated to climate change

    Bank of England Carney and his French counterpart Villeroy de Galhau argue that climate change is already having an impact on the planet

    The heads of two major central banks have written a stark warning about the financial risks of climate change. Bank of England governor Mark Carney and France's François Villeroy de Galhau set out the dangers to the global economy in an open letter.

  • Saturday, April 13th 2019 - 07:53 UTC

    Hammond admits the idea of a second Brexit referendum is very likely

    Philip Hammond said he hoped parliament would break the Brexit impasse by passing a deal by the end of June, potentially ending the calls for a new referendum

    The idea of a second Brexit referendum is very likely to be put before Britain's parliament again although the government remains opposed to any new plebiscite, the British finance minister said on Friday.

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