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By Samuel Indyk Investing.com – The Bank of England has provided an update on the exploration of a UK Central Bank Digital Currency (CBDC), saying that no decision has yet been made on whether to introduce a CBDC in the UK. In a statement on its website, the central bank said that Continue Reading

– British house prices rose last month at a faster rate than expected as robust demand and a lack of new homes coming to the market kept up momentum, a survey showed on Wednesday. Mortgage lender Nationwide said house prices rose by 0.7% in monthly terms in October after a Continue Reading

 British businesses gained a small amount of momentum and grew at an above-average pace in the three months to the end of October, despite widespread disruption to supply chains, the Confederation of British Industry (CBI) said on Sunday. The CBI’s monthly growth indicator – which pulls together surveys of output Continue Reading

– Raytheon Technologies’ top boss warned on Tuesday the U.S. aerospace and defense firm will lose ‘several thousand’ employees who refused to take COVID-19 vaccines, as it prepares to meet the Biden administrations Jan. 1 deadline for immunization. “We will lose several thousand people,” Raytheon Chief Executive Greg Hayes said in Continue Reading

Bitcoin price corrected lower and tested $59,500 against the US Dollar. BTC is recovering losses, but upsides might be capped above $63,250 in the near term. Bitcoin declined below the $63,200 and $62,000 support levels. The price is now trading below $62,000 and the 100 hourly simple moving average. There Continue Reading

With bitcoin rallying, all the focus has been on predicting where the price of the asset will be by the end of the year. The digital asset is undoubtedly going to enter a period where various crashes will send the price down, popularly known as a bear market. Not a Continue Reading

The statement reads that it has not made substantial progress in disposing Evergrande assets and that the firm cannot guarantee it will be able to continue to meet financial obligations under its contracts.Adding that if Evergrande fails to meet obligations and cannot reach alternative plans with creditors, it will have Continue Reading

British house prices in August were 10.6% higher than a year earlier, up from an 8.5% annual increase in July when there was a lull in sales as a property tax break began to be phased out, official figures showed on Wednesday. House prices recorded growth of 12.8% in June, Continue Reading

* CAA proposes Heathrow charge of up to 34.40 stg per passenger * Heathrow had wanted to charge up to 43 stg * Airport says regulator should safeguard return for investors Proposals will be finalised next year By Sarah Young Britain’s aviation regulator said that Heathrow, the country’s busiest airport, Continue Reading

Andrew Bailey, governor of the Bank of England, tried to bolster the argument for raising interest rates, saying the central bank will “have to act” to control inflationary forces and warning that higher energy costs imply pricing pressures will persist. Speaking at an online panel organized by the Group of Continue Reading