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Bitcoin (BTC) price surges to top $20,000 even as stocks hit 2022 lows
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Bitcoin (BTC) price surges to top $20,000 even as stocks hit 2022 lows

Bitcoin continues to trade in a tight range of $18,000 to $25,000 mark, keeping investors on edge about where the price is going next. The crytpo market has been plagued with a number of issues from collapsed projects to bankruptcies. Nurphoto | Getty Images Bitcoin topped $20,000 on Tuesday, hitting its highest level in the...

Britain’s lurch to Reaganomics gets thumbs down from markets
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Britain’s lurch to Reaganomics gets thumbs down from markets

Truss has now put the country on an economic road completely at odds with most, if not all, major global economies. Hannah Mckay | Reuters LONDON — New U.K. Prime Minister Liz Truss may have talked big on “trickle-down economics” during her campaign trail this summer, but no-one could have predicted the swathe of tax...

Britain’s lurch to Reaganomics gets thumbs down from markets
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Britain’s lurch to Reaganomics gets thumbs down from markets

Truss has now put the country on an economic road completely at odds with most, if not all, major global economies. Hannah Mckay | Reuters LONDON — New U.K. Prime Minister Liz Truss may have talked big on “trickle-down economics” during her campaign trail this summer, but no-one could have predicted the swathe of tax...

Mass protests in Iran are the regime’s biggest challenge in years
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Mass protests in Iran are the regime’s biggest challenge in years

Protests rocking Iran over the death of a 22-year-old woman in police custody have spread to at least 50 cities, even as police arrest and kill demonstrators in a violent crackdown. Videos showing women burning their headscarves and crowds chanting “death to the dictator” amid burning cars are flooding social media, despite the Iranian government’s...

Citi says sterling-dollar parity is possible as UK risks currency crisis
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Citi says sterling-dollar parity is possible as UK risks currency crisis

A trader, center, wears a Citigroup jacket while working on the floor of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images LONDON — The U.K. risks a currency crisis that could see sterling reach parity with the dollar, according to analysts at Citi. The U.K. government announced the most significant program...

Bank of England hikes, says UK may already be in recession
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Bank of England hikes, says UK may already be in recession

The Bank of England raised rates by 0.5 percentage points Thursday. Vuk Valcic | SOPA Images | LightRocket | Getty Images LONDON — The Bank of England voted to raise its base rate to 2.25% from 1.75% on Thursday, lower than the 0.75 percentage point increase that had been expected by many traders. Inflation in...

Australia, South Korea stocks dip
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Australia, South Korea stocks dip

An electronic board displays stock information at the Australian Securities Exchange, operated by ASX Ltd., in Sydney, Australia, on Tuesday, Feb. 6, 2018. Brendon Thorne | Bloomberg via Getty Images Asia-Pacific shares slipped on Friday as investors continue to weigh the Federal Reserve’s aggressive stance. In Australia, the S&P/ASX 200 opened slightly higher but gave...

Turkey cuts interest rates again despite 80% inflation
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Turkey cuts interest rates again despite 80% inflation

Russians tourists to Europe decreased dramatically over the summer, but rose in several other destinations, including Turkey (here). Onur Dogman | Sopa Images | Lightrocket | Getty Images Turkey’s central bank surprised markets once again with its decision Thursday to cut its key interest rate, despite inflation in the country surging beyond 80%. The country’s...

Bank of England hikes, says UK may already be in recession
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Bank of England hikes, says UK may already be in recession

The Bank of England warned that the U.K. will enter recession later this year. The expected recession is forecast to be the longest since the global financial crisis. Vuk Valcic | SOPA Images | LightRocket | Getty Images LONDON — The Bank of England voted to raise its base rate to 2.25% from 1.75% Thursday,...