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Category Archives: Pu Weekly Recap

Bank of English Stages Emergency Bond Buying as Pound Plunges 

Written on October 3, 2022 at 4:43 am, by

Bank of English Stages Emergency Bond Buying as Pound Plunges  The Bank of England, UK’s Central Bank, has announced this week a temporary gilt-buying programme to urgently respond to a “material risk to UK financial stability” after the pound went into free fall after new prime minister Liz Truss announced tax cuts and other spendingContinue Reading

Currencies Hit Record Levels Against USD

Written on September 26, 2022 at 7:12 am, by

As risk appetites move ever lower and the US dollar soars, sovereign currencies are seeing the effects of global economic uncertainty. The pound has hit a record low against the greenback after the UK government introduced a new stimulus package just after the appointment of conservative party candidate Liz Truss as Prime Minister. The poundContinue Reading

Google Fined in South Korea and Europe

Written on September 19, 2022 at 3:08 am, by

Google will be fined $4.12 billion in its antitrust suit with the EU, which describes an accusation that Google uses its Android OS to quash competition. However, the fine has been reduced from the original 4.34 billion euros, proposed in 2018, to 4.125 billion euros. This is the third EU fine for Google, the othersContinue Reading