British Pound falls to its lowest point in 37 years on Truss’s second day as prime minister
With high hopes, the British people welcomed their new Prime Minister on Tuesday to the number 10. The next day (Wednesday), as Liz Truss was beginning her official duties as Prime Minister, the British pound plunged to its lowest point in 37 years. As of Wednesday...
Canadian Billionaire Businessman gets 13 Years Prison Sentence in China
In a case involving the highest levels of Chinese political power, a Shanghai court on Friday sentenced Canadian billionaire Xiao Jianhua, who was born in China, to 13 years in prison and fined 6.5 million yuan ($950,000). The court also fined his conglomerate...
Sudden Crash in Crypto Prices Sends Bitcoin below $22,000
Bitcoin traders woke up on Friday to see a massive fall in the prices of cryptocurrencies amid a sudden crypto sell-off in Europe. As of Friday afternoon, the price of Bitcoin was below $21,500, which is approximately 9% lower than the price of the coin on Thursday....
UK interest rates rise to 1.75% from 1.25%, the biggest hike in 27 years
The war in Ukraine seems to be affecting the economy of every country in the world. The most powerful nations of the world are not left out. In trying to save their economies, the EU, the U.S, and the U.K have increased their interest rates. The latest of them is the...
