Kwasi Kwarteng, the chancellor of the Exchequer, was fired on Friday by Prime Minister Liz Truss in a bid to end weeks of market turmoil.
Category: Stocks and Bonds
-
U.K. Markets Slump Despite Kwasi Kwarteng’s Ouster
The New York Times – Business: -
Lucid Increases Electric Vehicle Production but Still Faces Challenges
The New York Times – Business:The maker of electric sedans said it would hit its scaled-back production targets for 2022 after facing supply hurdles.
-
Turmoil Returns to the U.K. Bond Market
The New York Times – Business:The Bank of England started a bond-buying program last month to stabilize financial markets. But its plan to end the program this Friday is only making investors more nervous.