Sunday, Dec 04, 2022
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British finance minister fired over economic plan crisis
Britain's Prime Minister Liz Truss announced Friday finance minister Kwasi Kwarteng was sacked due to the financial crisis caused by his plan to cut taxes through government borrowing.
The move came 38 days after Kwarteng's appointment.
Truss affirmed in a tweet the appointment of former foreign minister Jeremy Hunt as the country's finance post.
Truss will hold a news conference later in the day to cancel some points included in Kwarteng's plan, BBC reported.
On September 23, Kwarteng's plan included 45 billion Sterling of tax cuts for those whose income is over 150,000 Sterling ($170,000) yearly.
This angered MPs of the ruling party, along with the opposition parties.
This reduction led to the devaluation of the pound against dollar to its all-low rate of $1.03.
As a result, central bank of Britain had to buy long-term bonds to solve this matter.
Twitter Files: Elon Musk releases Hunter Biden censorship documents
Compact magazine founder and editor Sohrab Ahmari reacts to Twitter CEO Elon Musk releasing files detailing Twitter’s censorship of the Hunter Biden story.
Sam Bankman-Fried: This crypto entrepreneur saw his £21bn empire crumble in just three days - what happened at FTX?
No longer a billionaire, Sam Bankman-Fried says his net worth has dwindled to $100,000 (£80,000) following FTX's demise - and he admitted it has been a "bad month".
Russian businessman arrested on suspicion of money laundering
The unnamed 58-year-old was among three men arrested on Thursday by officers from the National Crime Agency
US To Unveil High-Tech B-21 Stealth Bomber
The B-21 -- which is on track to cost nearly $700 million per plane and is the first new US bomber in decades -- will gradually replace the B-1 and B-2 aircraft, which first fle...
US Air Force unveils new B-21 Raider nuclear stealth bomber
The US Air Force has unveiled its newest nuclear stealth bomber, the B-21, which will gradually replace aircraft first flown in the Cold War.
51 Relaxing Poolside Sitting Areas To Daydream About
Relaxing poolside sitting areas, featuring luxurious outdoor living spaces, conversation pits, outdoor dining rooms, outdoor lounge furniture & modern gardens.
Elon Musk keeps followers waiting after saying he'll release details about 'what really happened with the Hunter Biden story suppression by Twitter'
Musk has said releasing Twitter's internal deliberations regarding the New York Post's story "is necessary to restore public trust."
Woman didn't like noise of patient's ventilator 'so she turned it off twice'
An elderly woman has been arrested in a German hospital after turning off another patient’s ventilator twice.
A former Amazon exec was reportedly paid more than $800,000 in 2021 to run Jeff Bezos' preschool system, which mostly comprised 1 school with 13 students
Jeff Bezos reportedly paid former Amazon execs a small fortune to run his nonprofit preschool, which only had 13 students for most of last year.
Phil Oh’s Best Street Style Photos From the New York Fashion Week Spring 2023 Shows
This season New York Fashion Week has brought in a worldwide crowd of stars thanks to a packed season that even includes shows from international designers like Fendi and Marni.
"Silence Is Complicity": Biden Urges Politicians To Denounce Anti-Semitism
The White House had previously condemned Donald Trump for hosting both West and Fuentes at his Mar-a-Lago resort in Florida last week.
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