The Bank of England on Thursday left interest rates unchanged and maintained its current level of asset purchases, but warned that the outlook for the economy remains “unusually uncertain.” All members of the Monetary Policy Committee (MPC) voted to keep the main lending rate at 0.1%, with the central bank having cut rates twice from […] Read more
Central banks have slashed interest rates this year in an effort to revive economies ravaged by the fallout from the coronavirus pandemic. But low interest rates are proving to be a challenge for investors, even ones who have long-term, multi-generational views on investments such as Canada’s massive pension fund. While the Canada Pension Plan Investment […] Read more
Representatives of the United Arab Emirates, Bahrain, Israel, and United States governments will converge in Washington, DC on Tuesday to sign historic normalisation accords between the Gulf nations and Israel. The UAE agreement, announced in August and since dubbed the “Abraham Accords” by White House officials, makes the UAE the third Arab country and first […] Read more
The European Union will not go as far as to impose sanctions on Turkey, one regional expert, despite Ankara’s controversial activity in the Mediterranean Sea. Turkey, Greece and Cyprus have been at odds over the former’s exploration of energy resources in parts of Eastern Mediterranean waters that both Athens and Nicosia claim are part of their own […] Read more
The Philippines’ falling imports as a result of a weak domestic economy has ended up benefiting its currency — which is the best performer in Asia so far this year. The Philippine peso has strengthened around 4% against the U.S. dollar this year, outperforming its regional peers. It is also one of the few Asian currencies that has recorded gains […] Read more
It looks increasingly unlikely that the U.K. will reach a trade agreement with the European Union — and that could also harm the chances of a future deal with the United States. The U.K. government outlined on Wednesday how it plans to manage trade following its full breakup from the EU at the end of the […] Read more
The U.K.’s health minister on Wednesday rushed to defend AstraZeneca’s decision to pause a closely-watched coronavirus vaccine trial due to safety concerns, saying that the decision is not necessarily a setback to its development. AstraZeneca announced that the pause was due to a potentially unexplained illness in one of its trials. The pharma giant’s shares […] Read more
A scammer has used the Financial Market Authority (FMA) as a cover to steal from people making money transfers to China. A woman stranded in New Zealand during the first Covid-19 lockdown lost a significant amount of money after she tried to transfer funds from China to New Zealand for her family’s living expenses. She […] Read more
German officials are increasing pressure on the Kremlin to cooperate in the investigation into the suspected poisoning of Russian opposition politician Alexei Navalny, with one lawmaker noting this weekend that Berlin could rethink its joint massive gas pipeline project with Moscow. On Sunday, Germany’s foreign minister warned Russia that if it does not contribute to […] Read more
Nintendo is bringing three classic video games from its beloved Mario franchise to the Nintendo Switch, looking to capitalize on the momentum for gaming during the coronavirus pandemic ahead of the holidays. In a presentation to mark the 35th anniversary of the series Thursday, Nintendo announced remastered versions of some of its best-known 3D titles, […] Read more
