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The UK faces a fresh wave of strike action in the new year, as nurses, ambulance staff and rail workers prepare to walk out over pay. The PCS union, which represents striking civil servants including Border Force staff, on Friday warned industrial action would be ramped up even further if the government continued to refuse
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Britain has joined the international criticism of Joe Biden’s massive US package of green subsidies, warning they are protectionist and will hit UK-based makers of electric vehicles, batteries and other renewables. Kemi Badenoch, the UK’s international trade secretary, has written to her US counterpart, Katherine Tai, to protest at the structure of the Biden administration’s
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Two of FTX founder Sam Bankman-Fried’s closest associates have pleaded guilty to fraud and agreed to co-operate with US authorities investigating the collapse of the bankrupt cryptocurrency exchange, a federal prosecutor in Manhattan said Wednesday. Damian Williams, the US attorney for the Southern District of New York, announced the guilty pleas and criminal charges against
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Britain is bracing itself for one of the most disruptive weeks of strike action in recent history after the government signalled its determination to face down the unions despite calls for pay negotiations from health leaders and some Conservative MPs. Nurses, ambulance workers, customs and immigration staff, postal and rail workers will all walk out
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Chinese companies are reeling from a coronavirus wave that is immobilising workforces, threatening to close down factory production lines and bringing chaos to supply chains as truck drivers succumb to Covid-19, disruptions which analysts say will bring short-term pain but speed up China’s exit from pandemic isolation. The sudden U-turn on President Xi Jinping’s strict
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David Cameron, Britain’s former prime minister, is returning to public life with a new job teaching politics at a university in the Gulf state of Abu Dhabi. Cameron will lecture students on “practising politics and government in the age of disruption” for a three-week course in January at the New York University Abu Dhabi. It
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The Bank of England raised interest rates on Thursday by half a percentage point to 3.5 per cent, the highest level in 14 years, and warned that further tightening of monetary policy was likely. In a vote showing a majority on the central bank’s Monetary Policy Committee for “forceful” action against high inflation, six of
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Chancellor Jeremy Hunt is exploring plans to keep providing all British businesses with help for their energy bills once winter has passed, in what would be a break with current government policy to limit such aid to “vulnerable industries” after March. The potential change in the government’s support package for business, which several officials said
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Sam Bankman-Fried has been accused of engineering “one of the biggest financial frauds in American history” as US prosecutors filed criminal charges against the founder of failed cryptocurrency exchange FTX. In an indictment unsealed on Tuesday, the US Department of Justice charged Bankman-Fried with eight counts including conspiracy to commit wire fraud on customers and
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Sam Bankman-Fried has been arrested in the Bahamas at the request of US government prosecutors who have filed criminal charges against the disgraced crypto entrepreneur. Bahamian attorney-general Ryan Pinder said the country’s police force had taken Bankman-Fried into custody after receiving “formal notification” from the US government that it had filed criminal charges and was
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Peru’s president Pedro Castillo was ousted by lawmakers on Wednesday after trying to shut down congress before a vote on his impeachment, bringing to a boil a long-simmering political crisis. Dina Boluarte, Castillo’s vice-president, was later sworn in as Peru’s first female president. “There has been an attempted coup d’état,” she said during a hastily
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