The Bank of England has launched a consultation on the creation of a digital British currency, the London Standard reports. If introduced, the new British pound would have intrinsic stable value and would be issued by the Bank of England, not the private sector.
The UN atomic watchdog said Thursday it believes that Iran has further increased its stockpile of highly enriched uranium and criticized Tehran for continuing to bar the agency’s officials from accessing or monitoring Iranian nuclear sites.
Russian missiles crashed into infrastructure targets across Ukraine Tuesday, leaving many without electricity and running water ahead of winter in the wartorn nation.
Britain’s embattled Prime Minister Liz Truss fired her Finance Minister Kwasi Kwarteng on Friday and deleted parts of their economic package in a desperate bid to stay in power and reassure markets after financial turmoil.
A coalition of 130 lawmakers sent a letter to a top federal watchdog raising the alarm about a spike in foreign ownership of U.S. farmland.
Britain’s government has dropped plans to cut income tax for top earners, part of a package of unfunded cuts that sent the pound to record lows.
The British pound plunged to an all-time low against the U.S. dollar Monday as investors ran for the exits after the new government’s fiscal plan threatened to stretch Britain’s finances to their limits.