The Fitch downgrade of the US’s credit rating to ‘AA’ predictably produced a panicked reaction on financial markets and drew a strong riposte from the Biden Administration.
There were similar responses in 2013 when a ratings agency downgraded the UK in the aftermath of the Great
Ukraine and Poland called in the ambassadors from each other’s countries on Tuesday (1 August) as a dispute escalated after a foreign policy adviser to Poland’s president said Kyiv should show more appreciation for Warsaw’s support in its war with Russia.
The adviser, Marcin Przydacz, also said the Polish government must defend the interests of the country’s farmers – a reference to a ban on imports of Ukrainian commodities which will expire next month.
Ukrainian President Volodymyr Zelenskyy issued a
The scale of profits at HSBC, the UK’s largest bank, was certain to attract unwanted attention.
Earnings of £17billion look to be off the scale at a time when High Street banks rightly are in the dock over poor returns for savers, branch closures and rotten customer service.
All of that is true, but HSBC is much more complex than Britain’s other banks, with the possible exception of Barclays.
Britain is only a fraction of what it does. Nevertheless, there
And like all new technologies, there are bumps in the road as it beds in.
As with all new cars, EVs can be expensive to buy up front, and the roll out of the charging infrastructure they require needs to continue.
Making the transition away from tried and trusted petrol cars to new, exciting but less widespread electric vehicles is a big decision for any driver to make. A whole host of factors are going to inform that decision. The
It took a while for Garnacho to earn his big chance with the Red Devils but he ended up taking it with both hands and is now a valued member of Ten Hag’s first-team squad. The Dutchman insisted on Monday that he has been left impressed by the way Garnacho has improved his mental outlook in recent months after initially having reservations about his attitude on the training ground.
However, the Dutchman also seemed to hit out at his United
Britain has immense vision and ambition for big projects to drive higher productivity and a better economic future.
But the ability of government, regulators and managers to deliver is feeble.
Advocates of HS2 cannot but be appalled by the way that public confidence in a transforming infrastructure project is being undermined by leadership upheavals, budget over-runs and internecine wars over the Euston terminal in London.
The scheme has only become ‘unachievable,’ in the words of the Infrastructure & Projects Authority,
Why is Britain cursed with bad bank bosses? Alison Rose’s defenestration is a shocker because until her failure of judgment over Nigel Farage, she was one of the good ones.
She delivered the numbers and showed admirable determination to break with NatWest’s toxic past. Claims have been made in the Left-wing press that Rose was a victim
Lewis Hamilton made a cheeky joke at Max Verstappen’s expense at the Belgian Grand Prix after enviously watching the Red Bull star clinch his eight successive victory at Spa. The Mercedes driver finished fourth in Sunday’s race and was only able to enjoy being in front of the championship leader for a few laps before he was passed, with Verstappen surging home to clinch another impressive victory.
The 38-year-old could only watch on in envy as Verstappen raced past him
On Thursday, we are likely to see another notch up in the Base Rate – to 5.25 or even 5.5 per cent – as the Bank of England battles against the economic evil that is inflation. A war it was ill prepared for and one it has yet to win. Heads will roll, that’s for sure.
For many borrowers, higher interest rates are wretched news. But for savers, they provide an opportunity to earn a juicier stream of income.
Savers
I’ve spent the past couple of weeks trying to whip up support for Nigel Farage in his battle against woke British banks.
Closing people’s accounts for expressing the “wrong” views is a brutally effective type of censorship that originated in Communist China and has no place in a supposedly free country like ours.
My first thought was to create a meme based on the old advert for the National Lottery.
A giant hand holding a pair of rainbow-coloured scissors would
