The hard hats likely came in handy recently for Prime Minister Liz Truss and Chancellor of the Exchequer Kwasi Kwarteng. Stefan Rousseau/Pool Photo via APThe new British government is off to a very rocky start – after stumbling through an economic and financial crisis of its own making.
The rebuilding in places like Matlacha, Fla., won't happen overnight.
In a move sure to upset chocoholics everywhere, discount supermarket Lidl was recently told to destroy its stocks of chocolate bunnies. The cull was ordered by a Swiss court that decided Lidl’s bunny was too close to confectioner Lindt’s iconic chocolate rabbit.
In uncertain economic times, businesses are trying to become more resilient. photoschmidt / ShutterstockRising inflation and looming recessions are squeezing household finances, but businesses also worry about an economic downturn. This is not just because of higher bills, but also because consumers spend less and finance from banks and investors dries up when the economy worsens.
After the Queen’s death, her son not only inherits her role as monarch and a significant fortune. King Charles III will also like take on most of the more than 600 charity patronages previously held by Elizabeth II. And as for the patronages Charles held as Prince of Wales, these will likely pass to his son Prince William, who now holds that title.
When long-dated UK government bonds fell sharply following the consistent criticism of the new economic measures laid out by the UK government, it forced the Bank of England to intervene to prevent an “unwarranted tightening of financing conditions and a reduction of the flow of credit to the real economy”.
Ian resulted in the deaths of at least 44 people in Florida and tens of billions of dollars in damage.
AP Photo/Rebecca BlackwellFriendswood, Texas, is the type of community that one might think of as a “best case scenario” when it comes to recovering from a disaster.