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British finance minister fired over economic plan crisis
Britain's Prime Minister Liz Truss announced Friday finance minister Kwasi Kwarteng was sacked due to the financial crisis caused by his plan to cut taxes through government borrowing.
The move came 38 days after Kwarteng's appointment.
Truss affirmed in a tweet the appointment of former foreign minister Jeremy Hunt as the country's finance post.
Truss will hold a news conference later in the day to cancel some points included in Kwarteng's plan, BBC reported.
On September 23, Kwarteng's plan included 45 billion Sterling of tax cuts for those whose income is over 150,000 Sterling ($170,000) yearly.
This angered MPs of the ruling party, along with the opposition parties.
This reduction led to the devaluation of the pound against dollar to its all-low rate of $1.03.
As a result, central bank of Britain had to buy long-term bonds to solve this matter.
Prince William and Kate continue US trip ahead of climate prize
The Prince and Princess of Wales have visited a charity that works with young people at risk of urban violence, as their US trip continues.
Jack Ma, the billionaire founder of Alibaba, disappeared from public view in 2020. He's been living in Tokyo for the past 6 months, a new report says.
Ma has been lying low since October 2020, when he gave a speech criticizing China's financial regulatory system that angered Chinese authorities.
The hidden ocean pollution killing marine mammals
Noise and chemical pollution in our oceans are affecting marine mammals' ability to navigate, communicate and detect danger.
Kanye West Praises Hitler, Defends Nazis In Hours-Long Livestream
In an interview with US conspiracy theorist Alex Jones, Kanye West said that he "loves Hitler" who invented highways and invented the very microphone that I used as a musician.
Switzerland's economy ministry said it froze $8 billion of Russian assets out of $50 billion stored in Swiss deposits
The Swiss economy ministry announced on Thursday that it had frozen $7.94 billion (7.5 billion Swiss francs) worth of Russian assets as of November 25, 2022. This is apart from ...
Twitter Offers Incentives To Win Back Advertisers: Report
Many companies from General Mills Inc to luxury automaker Audi of America stopped or paused advertising on Twitter since the acquisition.
$700K set aside for immigration detention centre — Premier
Premier Dr Natalio Wheatley told residents recently that his government has assigned hundreds of thousands of dollars in next year’s budget to build a detention centre for illeg...
Elon Musk Hopes To Test Brain Chip In Humans Soon, Will Get One Himself
The interface, produced by Musk's start-up Neuralink, would allow the user to communicate directly with computers through their thoughts, he said.
Local wages and salaries climbed 5% in 2021
Despite the effects of the global COVID-19 pandemic, the average worker in the BVI saw an increase in earnings in 2021.
Biden Says Ready To Speak To Putin "If He's Looking For Way To End War"
US President Joe Biden said that he is prepared to speak with Putin if in fact there is an interest in him deciding he's looking for a way to end the war.
Smith cleared to do business with gov’t! New contract not yet in effect
For the second time this year, elected leaders voted to have Deputy Speaker Neville ‘Sheep’ Smith remain in his seat in the House of Assembly (HOA) after he (Smith) disclosed th...
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