Bank of England tries to rein in soaring inflation

The Bank of England (BoE) on Thursday raised the benchmark interest rate for a ninth time in a row this year, in an effort to combat double-digit inflation in the country. The Monetary Policy Committee (MPC) voted to increase the cost of borrowing by 50 basis points to 3.5% after the consumer price index showed…

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Trump appears in Miami court

The former president has pleaded not guilty to 37 counts of obstruction, false statements, and mishandling of classified documents Former US president Donald Trump appeared in court in Miami, Florida, on Tuesday for an initial hearing after he was charged with mishandling government documents. Trump pleaded not guilty, and maintains that the 37-count indictment is…

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US prohibits Russian gold imports

The US has banned the import of Russian gold, a document from the Treasury’s Office of Foreign Assets Control (OFAC) released on Tuesday shows. “The importation into the United States of gold of Russian Federation origin is prohibited, except to the extent provided by law, or unless licensed or otherwise authorized by OFAC,” the statement…

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