The Bank of England has set up a fund to bail out UK energy companies that face financial difficulties due to rising energy prices, The Guardian reported on Thursday. The bailout fund, which will offer as much as £40 billion ($46 billion) in loans to struggling energy companies, was announced by Prime Minister Liz Truss…
Exactly how much of that sum consists of the country’s forex reserves is still unknown, the outlet says, citing an official document Roughly €68 billion ($70 billion) in Russian assets have been frozen by the EU, most of which are in Belgium, Politico reported on Friday.
The country’s cabinet has approved a prisoner swap with Hamas that will see the release of 50 of its citizens and a short truce Israel expects Hamas to release the first group of hostages captured during the October 7 raid on Thursday, the country’s foreign minister, Eli Cohen, has told reporters. His statement came several…