Month: October 2022

UK government borrowing costs have hit a 20-year high after the Bank of England confirmed its emergency bond-buying programme will end on Friday as planned. On Wednesday morning, it said all temporary and targeted purchases of UK government bonds, known as gilts, would stop. This has been the position throughout and has been “made absolutely
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The chancellor’s mini-budget “complicated matters” for the Bank of England as it battled to bring down inflation, the International Monetary Fund’s chief economist has told Sky News. In an interview at the IMF’s annual meetings in Washington, Pierre-Olivier Gourinchas warned the coming years would “not be very pleasant” for the global economy. He also said
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Warner Bros. Television Group cut 26% of its workforce on Tuesday, October 11th as part of its parent company’s continued cost-cutting measures. Among the hardest-hit divisions was the animation department, which will consolidate Warner Bros. Animation (WBA) and Cartoon Network Studios (CNS) as part of a “strategic realignment.” “We are implementing a new streamlined structure
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MitiS returns to Ophelia Records with his first multi-track release since his 2021 sophomore album Lost, and it’s certainly worth the wait. Together sees him teaming up with Ray Volpe on “Don’t Look Down” featuring Linney, a beautiful and thrashing melodic/heavy one-two punch. While it’s a bit formulaic in construction, following in the footsteps of
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The economy unexpectedly shrank in August, contracting by 0.3% on the previous month. The growth in July has also been revised downwards, from the previously recorded 0.2% to 0.1%. The Office for National Statistics released its latest reading on the UK’s performance as the government frets over the prospect of recession ahead, given the toll
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Ireland’s football association and the women’s team manager have apologised after players sang a song referencing the IRA while celebrating their World Cup qualification. Video circulated on social media showing them singing the song after Tuesday night’s 1-0 play-off victory over Scotland at Hampden Park. A statement by the Football Association of Ireland (FAI) apologised
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