December 6, 2022
Sci & Tech

British pound debacle increases interest in bitcoin as a hedge

When investors start using bitcoin as insurance, you know as a developed country that your currency is in trouble.Following the release of Liz Truss’ mini-budget on September 23, which sent financial markets into a tailspin, some investors stampeded away from the pound and in the direction of cryptocurrencies. According to data from research firm CryptoCompare, […]

Read More
Business

Concerns over supplies are causing oil prices to rise

Oil prices rose by roughly $1 per barrel on Thursday after breaking through significant technical support levels the previous day as investors focused on the potential for a future fuel supply deficit caused by a dispute over energy between European nations and Russia. Brent crude futures increased by 91 cents, or 1%, to $88.91 a […]

Read More
International

Liz Truss will succeed Boris Johnson as Prime Minister of the UK

LONDON: After his historic reign, marked by COVID and Brexit, was cut short by controversy, British Prime Minister Boris Johnson formally tendered his resignation to Queen Elizabeth II on Tuesday. He then turned the reins over to Liz Truss.Johnson bids farewell from Downing Street before taking a jet to northeast Scotland to visit the 96-year-old […]

Read More
International

Truss is anticipated to be named the new Prime Minister of Britain and leader of the Conservative Party

On Monday, Liz Truss is anticipated to be elected as the new leader of the ruling Conservative Party and prime minister of Britain. She will assume office at a time when the nation is experiencing a crisis with rising living costs, labour unrest, and a recession. The statement on Monday at 11:30 GMT will mark […]

Read More