Bank of England sets financial plan to improve UK economy

The Bank of England (BoE) said on Thursday, August 5, it could see a modest reduction ahead in the huge support it has provided to Britain's economy during the COVID-19 pandemic and set out how it could gradually tighten monetary policy. Photo by Anthony on Pexels.com For now, the central bank decided to keep its stimulus at full speed, … Continue reading Bank of England sets financial plan to improve UK economy

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Bank of England: The UK economy will rise again

The Bank of England voiced cautious optimism Thursday about the U.K.'s economic outlook in the wake of a sharp fall in coronavirus infections and the rapid rollout of the nation's COVID-19 vaccination program. The Bank of England voiced cautious optimism Thursday about the U.K.'s economic outlook in the wake of a sharp fall in coronavirus … Continue reading Bank of England: The UK economy will rise again

OMG! Venezuela’s Nicolás Maduro lost nearly $2bn worth of gold

A British judge on Thursday refused to give Venezuela's Nicolás Maduro control of nearly $2 billion in gold sitting in a Bank of England vault because Britain does not recognize the socialist leader as president of the Latin American nation. Maduro has demanded the gold to help his cash-starved nation fight the coronavirus pandemic. But … Continue reading OMG! Venezuela’s Nicolás Maduro lost nearly $2bn worth of gold