Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
British Pound Sinks to New Lows
British Pound , Sinks to New Lows.
NBC News reports that after Treasury Chief Kwasi Kwarteng promised the biggest tax cuts in 50 years on Sept.
23.
The British pound dropped to an all-time low against the American dollar on Sept.
26.
It fell to $1.0373 before reaching
$1.0672 in early London trading.
Since Sept.
23, the British pound has lost over 5% of its value against the U.S. dollar.
The drop comes as the government intends to spend 60 billion pounds, which it will borrow, .
To aid those who are struggling to pay high
energy bills caused by Russia's war with Ukraine.
To aid those who are struggling to pay high
energy bills caused by Russia's war with Ukraine.
Critics have called the move "reckless," but Kwarteng and Prime Minister Liz Truss believe that putting more money
into the pockets of Brits will spur economic growth.
Critics have called the move "reckless," but Kwarteng and Prime Minister Liz Truss believe that putting more money
into the pockets of Brits will spur economic growth.
Kwarteng said the government will reveal plans for reducing the U.K.'s debt in the coming months.
.
On Sept.
22, interest rates were raised by half a percentage point by Britain's central bank.
A government minister has said she won't be reading Liz Truss's memoir of her brief time in Downing Street as "that's a period I'm not interested in.. Sky News
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William Wragg, chair of the public administration and constitutional reform committee, asked the prime minister if he is “part of the deep state,” referring to comments made by Liz Truss who claimed her mission to cut taxes were “sabotaged” by the “deep state.” Mr Sunak wryly responded: “I probably wouldn't tell you if I was, Will, would I?” Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Ukraine's air force reported shooting down a Russian strategic bomber, but Moscow officials countered that the plane crashed in a sparsely populated area due to a malfunction post-combat mission.
Credit: euronews (in English) Duration: 01:24Published
House GOP Advances Aid Bills , for Israel, Ukraine and Taiwan.
The foreign aid bills were advanced by a
9-3 vote, thanks to the help of four Democrats on the committee, CBS News reports. .
Those Democrats are Jim McGovern, Mary Gay Scanlon, Joe Neguse and Teresa Leger Fernández.
Those Democrats are Jim McGovern, Mary Gay Scanlon, Joe Neguse and Teresa Leger Fernández.
Those Democrats are Jim McGovern, Mary Gay Scanlon, Joe Neguse and Teresa Leger Fernández.
Those Democrats are Jim McGovern, Mary Gay Scanlon, Joe Neguse and Teresa Leger Fernández.
Conservatives who voted against the bills,
because border security wasn't lumped in, include Tom Massie, Ralph Norman and Chip Roy. .
Conservatives who voted against the bills,
because border security wasn't lumped in, include Tom Massie, Ralph Norman and Chip Roy. .
A final vote on the foreign aid package
will take place on April 20. .
The three bills would support Israel,
Ukraine and Taiwan with $26.4 billion,
$60.8 billion and $8.1 billion, respectively. .
The three bills would support Israel,
Ukraine and Taiwan with $26.4 billion,
$60.8 billion and $8.1 billion, respectively. .
The three bills would support Israel,
Ukraine and Taiwan with $26.4 billion,
$60.8 billion and $8.1 billion, respectively. .
$9.1 billion of the Israel package would go toward Palestinian humanitarian efforts. .
A fourth bill seeks to allow the sale of Russian oligarchs' assets that have been frozen in order to continue funding Ukraine.
possibly "force the sale of TikTok
and authorize stricter sanctions on Russia, China and Iran," CBS News reports. .
possibly "force the sale of TikTok
and authorize stricter sanctions on Russia, China and Iran," CBS News reports. .
Some far-right Republicans have threatened to remove House Speaker Mike Johnson from his position for supporting additional Ukraine funding.
Johnson defended his actions, calling lethal aid for Ukraine "critically important.".
If I operated out of fear over
a motion to vacate, I would
never be able to do my job, House Speaker Mike Johnson, via statement.
Look, history judges us for what we
do. This is a critical time right now
critical time on the world stage. , House Speaker Mike Johnson, via statement.
I could make a, you know I can make
a selfish decision and do something that, that's different. But I'm doing here
what I believe to be the right thing, House Speaker Mike Johnson, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
Former U.S. vice president Mike Pence is confident that U.S. military support for Ukraine is forthcoming.
Such a congressional approval has the support of majorities of the political parties as well as the American people, Pence said in an interview with Euronews in Brussels.
Credit: euronews (in English) Duration: 01:27Published
A Polish man has been arrested and charged with plans to help Russia's military intelligence carry out an alleged plot to assassinate Ukrainian President.. Sky News
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Prince Harry Officially Considers America , to Be His Home Instead of Britain.
After stepping away from
royal duties in 2020, Prince Harry
and Meghan Markle moved to California.
At the time, Harry suggested
that the move was temporary. .
The U.K. is my home and a place
that I love, that will never change. , Prince Harry, via previous statement.
We both do everything we can to
fly the flag and carry out our roles
for this country with pride, Prince Harry, via previous statement.
But a Travalyst Ltd filing on April 17 shows that the U.S. is now the prince's primary residence, NBC News reports. .
The company is based in London
and is 75% owned by Harry.
The new listing shows Harry's full name,
Prince Henry Charles Albert David Duke Of Sussex.
and then reads, "New country/State
Usually Resident: United States.".
While the residency change was filed this week, it was actually made on June 29, 2023, when the Duke and Duchess of Sussex left Frogmore Cottage. .
While the residency change was filed this week, it was actually made on June 29, 2023, when the Duke and Duchess of Sussex left Frogmore Cottage. .
In February of this year, Harry told a journalist that he was thinking about becoming an American citizen, NBC News reports.
Credit: Wibbitz Top Stories Duration: 01:31Published
Brian Cox has never been one to mince his words, and Joaquin Phoenix is on the chopping block this time over his performance in the "Napoleon" movie. The.. TMZ.com
Stocks Tumble , to New 2022 Low, , Enter Bear Market Territory.
On September 23, following a brutal week for
financial markets, stocks tumbled amid surging interest
rates and increased fears of a..
Credit: Wibbitz Top Stories Duration: 01:31Published