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The Bank of England has defended last week’s intervention in the UK government debt market, saying it stepped in to prevent a £50bn fire sale of gilts that would have taken Britain to the brink of a financial crisis. The central bank said on Thursday that had it not launched its emergency bond-buying scheme in

Prime minister Liz Truss has told the party faithful that she will lead Britain through “stormy days” during the economic “tempest” caused by the Covid-19 crisis and Russia’s invasion of Ukraine. The prime minister, in power for a month, sought to rally Conservative MPs behind her faltering leadership, at a party conference that has descended

Liz Truss is braced for a fresh rebellion over her economic plans with senior Conservative MPs threatening to vote against the UK prime minister if she decides to cut benefits in real terms next spring. Truss is looking at raising benefits in line with average earnings growth rather than inflation, a controversial move that has

Liz Truss has executed a major U-turn by scrapping plans to axe the 45p top rate of tax, after facing a growing revolt from Tory MPs led by former cabinet ministers Michael Gove and Grant Shapps. After insisting on Sunday that the controversial plan would go ahead, Truss concluded after talks with her senior team

Liz Truss, prime minister, has admitted that mistakes were made in the controversial “mini” Budget that sparked market turmoil last week, as she braced herself for a fraught Conservative conference in Birmingham. Truss said she would not retreat on her plan to deliver £45bn of unfunded tax cuts, insisting it would help deliver growth, but

The UK watchdogs responsible for the £1.5tn corner of the pensions sector that came close to imploding this week are holding daily talks with asset managers to stave off a fresh crisis when the Bank of England’s emergency bond buying ends. The £65bn plan, which ends on October 14, was launched on Wednesday to safeguard

Enter your email address here to receive the best High School Sports news in your inbox each morning.        The Massachusetts Interscholastic Athletic Association released its first statewide postseason power rankings of the 2022 season Friday, Sept. 30 The power rankings include games that were submitted by schools into Arbiter by as of Sept. 30

A new photo taken by the James Webb Space Telescope (JWST) has revealed the hidden gaseous “bone” structure of a distant galaxy — and it’s absolutely spectacular. The cosmic knot of gas, dust and stars belongs to the spiral galaxy IC 5332, located in the constellation Sculptor more than 29 million light-years from Earth. As

More than 2 million Floridians remained without power Friday morning as they emerged from the flooding and wreckage left by Hurricane Ian and began to plot a recovery from the storms devastation. After lingering over Florida on Thursday as it weakened to a tropical storm, Ian had returned to Atlantic waters by early Friday, regained

close video ‘Volcker-ized’ Fed fighting inflation at the expense of growth, strategist says Aegon Asset Management chief macro strategist Frank Rybinski argues until there is a ‘dovish Fed pivot’ market volatility will persist on ‘The Claman Countdown.’ The Federal Reserve's preferred inflation gauge accelerated again in August, keeping prices elevated near a four-decade high, according

If you want to know what the hype of the Bored Ape Yacht Club NFT projectmight taste like as infused water, Ape Beverages has you covered. Ape Beverages, which describes itself as the worlds first Web3 lifestyle brand, launched its limited edition water, Drop 0001 – Ape Water at Artcade.According to the website, Artcade @

The orbit of the newly discovered rapid hot spot around Sagittarius A* superimposed on top of the first image of the supermassive black hole captured by the Event Horizon Telescope (EHT) collaboration. (Image credit: EHT Collaboration, ESO/L. Calçada (Acknowledgment: M. Wielgus)) (opens in new tab) Astronomers have detected a blob of hot gas whizzing around

FORT MYERS, Fla. – A revived Hurricane Ian set its sights on South Carolina's coast Friday and the historic city of Charleston, with forecasters predicting a storm surge and floods after the megastorm caused catastrophic damage in Florida and left people trapped in their homes. With all of South Carolina’s coast under a hurricane warning,

More than 2 million Floridians remained without power Friday morning as they emerged from the flooding and wreckage left by Hurricane Ian and began to plot a recovery from the storms devastation. After lingering over Florida on Thursday as it weakened to a tropical storm, Ian had returned to Atlantic waters by early Friday, regained

BANGKOK – Thai Prime Minister Prayut Chan-o-cha will remain in his post after the country’s top court ruled on Friday that he has not exceeded the eight-year term limit. The Constitutional Court ruled that his term started in 2017, after the current Constitution replaced the post-coup provisional charter. The former junta chief had been suspended

U.S. Vice President Kamala Harris, on her visit to Seoul, slammed North Korean Supreme Leader Kim Jong Uns "brutal dictatorship," leading to the country firing more ballistic missiles. What Happened: Harris called out Pyongyang for its illegal arms program and rampant human rights violations during her visit to the inter-Korean border on Thursday. Soon after

KYIV, Ukraine (AP) Russia pounded Ukrainian cities with missiles, rockets and suicide drones, with one strike reported to have killed 25 people, as it moved Friday to fold more seized Ukrainian territory into Russia itself and under the protection of its nuclear umbrella, opening an internationally condemned dangerous new phase of the seven-month war. But