Bank of England warns on crypto-currency risks

Bank of England warns on crypto-currency risks

Although not much of UK households’ wealth is currently held in assets such as Bitcoin, they are becoming more mainstream, said deputy Bank governor Sir Jon Cunliffe. If their value fell sharply, it could have a knock-on effect, he said. The Bank needed to be...
Global food prices hit fresh 10-year high, UN says

Global food prices hit fresh 10-year high, UN says

Global food prices have hit the highest level in over a decade after rising by more than 30% in the last year, the United Nations Food and Agriculture Organization (FAO) says. The agency’s figures highlighted the soaring cost of cereals and vegetable oils around...
G20 finance ministers back deal to tax companies

G20 finance ministers back deal to tax companies

G20 finance ministers have backed an “historic” plan which will see multinational companies pay their “fair share” of tax around the world. The plan to battle tax avoidance puts in place a minimum global corporate tax rate of 15%. It is likely...