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Liz Truss wins UK PM race after tough contest with Rishi Sunak

September 5, 2022March 5, 2023 News

Liz Truss defeated Rishi Sunak to become next UK PMLiz Truss defeated Rishi Sunak by 81,326 votes to 60,399She will replace Boris Johnson as UK PM UK Foreign Minister and Conservative Party leader Liz Truss was elected as the next UK Prime Minister on Monday. Liz Truss will succeed ousted Boris Johnson as British Prime Minister. Liz Truss defeated her rival, former finance minister Rishi Sunak, to win the Tory leadership contest. Liz Truss defeated rival Rishi Sunak with 81,326 votes to 60,399 among party members. Delivering her victory speech,…

NANCY PELOSI LANDS IN TAIWAN, DEFIES CHINA

August 2, 2022February 25, 2023 News

Taipei, August 2 US House of Representatives Speaker Nancy Pelosi arrived in Taiwan on Tuesday night despite threats from Beijing of serious consequences, becoming the highest-ranking American official to visit the self-ruled island claimed by China in 25 years. Voices support The visit honours America’s commitment to supporting Taiwan’s vibrant democracy. Nancy Pelosi, US House Speaker Pelosi’s visit has triggered increased tension between China and the US. China claims Taiwan as part of its territory, to be annexed by force, if necessary, and views visits by foreign government officials as…

Women’s Euro final ENG vs GER highlights: England beats Germany to win EURO after Chloe Kelly winner

August 1, 2022March 2, 2023 News

Welcome to BRITISHBROADCASTER.COM’s live blog of the Women’s Euros 2022 final between England and Germany at the Wembley Stadium, London. Sarina Wiegman has another Euro winner’s medal to take home. After leading her home side, the Netherlands, to the title in 2017, she has completed the unprecedented task of taking England to the Continental title. There are tears of joy and dances of ecstasy from the English players. It is a peak that they have never climbed, a moment they have never cherished. England is deserving champions after an unbeaten…

Netflix loses almost a million subscribers

July 22, 2022July 22, 2022 News

After enjoying a long reign as the king of streaming, Netflix faces a tough fight to keep its crown. It lost almost 1m subscribers between April and July, as the number of people quitting the service accelerated. But that was not as many as the streaming giant had feared. Asked what may have stopped subscriptions sliding further, the firm’s chief executive, Reed Hastings, said: “If there was a single thing, we might say ‘Stranger Things.’” The new season of the hit drama has been a phenomenal success, and may have…

Amazon offers to limit use of merchant data in bid to settle EU antitrust probe

July 22, 2022July 22, 2022 News

Amazon has offered to limit its use of marketplace seller data and make changes to ‘Buy Box’ rankings in a bid to settle antitrust concerns in the European Union, the Commission confirmed today. It has also offered to revise how sellers can quality for inclusion to Prime; and allow them to choose their own delivery firm and negotiate terms directly with the carrier, as well as committing not to use any data obtained via Prime about the terms and performance of third party carriers for its own competing logistics services….

Dutch central bank fines Binance 3.3 million euros

July 22, 2022July 22, 2022 News

The Dutch central bank (DNB) on Monday said it had fined Binance, one of the biggest cryptocurrency exchanges, 3.3 million euros ($3.35 million) for offering services in the Netherlands without being registered in the country. The fine was issued against Binance Holdings Ltd. in April 2022, following a public warning issued against Binance in August 2021, DNB said. The bank said in a statement that Binance in June had indicated it would appeal. The DNB said Binance had been in violation of Dutch money-laundering laws and had enjoyed a competitive…

Crypto lender Celsius defends bitcoin mining plans as bankruptcy kicks off

July 22, 2022July 22, 2022 News

Cryptocurrency lender Celsius Network said bitcoin mining is key to the company’s restructuring efforts at a U.S. bankruptcy court hearing on Monday in Manhattan. New Jersey-based Celsius received approval from U.S. Bankruptcy Judge Martin Glenn to spend $3.7 million in construction costs at a new bitcoin mining facility and $1.5 million on customs and duties on imported bitcoin mining rigs. Patrick Nash, a lawyer for Celsius, told Glenn that bitcoin mining could provide a way for the company, which halted other business operations like its cryptocurrency lending, to repay customers,…

EU cuts euro zone growth forecasts, revises up inflation outlook

July 22, 2022July 22, 2022 News

The European Commission cut its forecasts for economic growth in the euro zone for this year and next and revised up its estimates for inflation on Thursday largely due to the impact of the war in Ukraine. In its quarterly forecasts, Brussels confirmed its more downbeat outlook, which it had already discussed with euro zone finance ministers on Monday The EU executive now predicts growth of 2.6% this year for the 19-country currency bloc, slightly less than the 2.7% it had forecast in May. But next year, when the impact…

The hike is (almost) here! Now for what comes next: Five questions for the European Central Bank

July 22, 2022July 22, 2022 News

The European Central Bank is set to deliver its first interest-rate hike since 2011 this week, yet markets are already fast-forwarding to focus on the path for higher rates beyond Thursday as economic prospects darken. That outlook is getting murkier by the day because inflation is still accelerating and growth slowing sharply. “The trade off the ECB is facing is more severe than any of the other major central banks,” said Silvia Ardagna, head of European economics research at Barclays. Here are five key questions for markets. 1. So, we’ll…

US dollar nudges down from multi-year highs as euro gasps for gas

July 22, 2022July 22, 2022 News

The dollar began the week nudging down from multi-year highs, with a hotter-than-forecast inflation reading in New Zealand lending modest support to the kiwi, though fears about Europe’s gas supply put a cap on dollar selling. The greenback has soared this year thanks to a combination of rising U.S. interest rates and wobbling economies in Europe and China. It pushed above parity on the euro for the first time in almost 20 years last week, before easing back. The euro last bought $1.0094 and the yen, which has tumbled about…