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The problematic fact at the heart of UK chancellor Jeremy Hunt’s “Budget for growth” is that the latest data shows Britain’s economy is still extremely sluggish. The average annual growth rate from the eve of the coronavirus pandemic was forecast by the Office for Budget Responsibility fiscal watchdog at only 1 per cent. That expectation
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Mayors of England’s two biggest city regions outside London have been granted greater financial flexibility in the Budget as well as new powers in sectors including transport, housing and skills. The deals follow months of negotiations between the central government and the mayors of Greater Manchester and the West Midlands, following a commitment in last
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Extra pension tax breaks for higher earners, more free childcare for working parents and all-around help with energy bills top the list of the chancellor’s measures for consumers, householders and savers. Pensions allowances for higher earners will rise in an effort to discourage early retirement. The £40,000 cap on tax-free annual pension contributions — frozen
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According to reports, Shanghai Pudong Development Bank may acquire the China-based subsidiary of Silicon Valley Bank (SVB). Authorities in the Chinese city of Shanghai reportedly back the acquisition, which may help minimize the impact of SVB’s shutdown. In its statement following SVB’s demise, SPD Silicon Valley Bank reportedly said its operations remained stable. Shanghai Authorities
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The UK government will extend its energy price cap for households by an additional three months as it seeks to shield consumers during the cost of living crisis. The Energy Price Guarantee, which has capped typical annual energy bills at £2,500 this winter, will continue from April to June, saving a typical household £160 during
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In December 2022, $1,981 was the typical monthly rent in the United States — a 7.4% increase from the year prior. But while rent has begun to stabilize nationwide, rent affordability remains difficult for many Americans.  “There’s literally nowhere in the country where a tenant is not burdened by their rent,” according to Leah Simon-Weisberg,
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Crypto exchange Binance will stop processing transactions with Ukrainian hryvnia through two payment platforms later in March. The move follows an earlier suspension of deposits and withdrawals using bank cards in the national currency of Ukraine. Ukrainian Users Lose More Fiat Options to Trade on Cryptocurrency Exchange Binance The world’s leading digital asset exchange in
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Lark Davis, a self-described “cheeky” and “sarcastic” personality, has been actively involved in the world of cryptocurrency since 2017. With his bold price forecasts, educational content and witty memes, the popular influencer has amassed an impressive social media following, boasting over 1 million followers on both Twitter and Instagram. Although, if Davis’ Twitter and Instagram
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The Municipal Securities Rulemaking Board has advanced a number of regulatory initiatives including filing proposed amendments with the Securities and Exchange Commission on MSRB Rule G-12 on uniform practice, Rule G-15 on uniform practices for transactions, as well as moving forward with their draft amendments on MSRB Rule G-32 on primary offering disclosures and extending
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A report by global design firm Gensler recently reported planet Earth can sidestep global climate catastrophe only by slashing greenhouse pollution 45% by 2030 and 100% by 2050. The figures Gensler cited were from Architecture 2030, an organization whose mission is to “rapidly transform the built environment from the major emitter of greenhouse gases to
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Crypto contagion can significantly impact multiple stakeholders in the crypto market, including investors, businesses and the broader financial system. To protect themselves from the negative effects of crypto contagion, each stakeholder should take specific steps. By diversifying portfolios, investors can lower exposure to crypto contagion. This entails purchasing various cryptocurrencies and additional assets like stocks
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