Tag: Financial Crisis
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Fasten your seat belts for a news-packed 2019
Brexit. An economic crash. Freak weather. More adventures in space. What are the stories The Day will be covering in the next 12 months? And can...
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Report sparks row over ‘callous’ UK poverty
How bad is Britain’s poverty problem? A UN expert has slammed the British government for causing “staggering” levels of poverty. However, not everyone agrees with his analysis.
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World rocked by US stock market turmoil
Is the economy heading for disaster? A slump in US shares has spread uncertainty around the world. It stopped short of a full-on crash, but experts are not sure what will come next…
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Two worlds collide as Donald comes to Davos
Is Donald Trump a “Davos Man” after all? Yesterday he arrived at the snowy enclave for billionaires and globalists in the Swiss Alps. He has mocked them, but some believe he fits right in.
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A tax cut that could change America forever
A wage rise for all or simply a gift for the super-rich? Republicans passed their sweeping tax overhaul through the Senate at the weekend. It could reshape whole areas of American life.
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Interest rates rise spark fears of next crash
Could this be the beginning of the next financial crisis? Yesterday the Bank of England raised interest rates for the first time in a decade, reversing a cut made after the Brexit vote.
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Socialism lands left hook on capitalism
Has capitalism had its day? Theresa May claims we can trust the free market, but Jeremy Corbyn declares that capitalism has “failed.” Some are calling for reform, others for a revolution.
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Trump begins renegotiating NAFTA ‘disaster’
Yesterday the leaders of the USA, Canada and Mexico began the first round of renegotiating NAFTA, a free-trade deal between the three nations. How does it work, and does it need to change?
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Ministers demand money in austerity ‘revolt’
Several senior members of the cabinet are calling for higher spending on public services such as health and education. Does this mean an end to the government’s policy of austerity?
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Barclays boss charged over 2008 ‘bungles’
John Varley is one of four people charged with fraud over actions in the financial crisis. Hardly anyone was jailed for their role in the crash. Would this have rescued trust in the system?
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UK debt spiral sparks economic collapse fears
Yesterday the UK chancellor delivered his autumn statement. Even with Brexit, he will allow the national debt to increase — and some warn of impending financial and social catastrophe.
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Trump & trade: a new era for globalisation
Building walls, scrapping trade deals, making America ‘great again’ — Donald Trump’s presidency is set to be a turning point in the rebellion against globalisation. Is it worth fighting for?
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Monetary system under threat after pound dives
The pound has suffered a second dramatic fall in four months. Confidence in Britain’s currency is at a low ebb. But is this a sign that the way money is valued is fundamentally flawed?
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UN warns of a new global financial crisis
A stark official report from the UN has warned of looming economic disaster, prompted by huge debts in the developing world. For some this means the entire capitalist system is under threat.
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RIP Left-wing politics in the western world
In mainstream politics all across advanced economies, the parties of the left are dying. At midday today voting closes for Britain’s Labour leadership. New start? Or a nail in the coffin?