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| Mortgage approvals in UK at lowest level for 13 months British banks approved the fewest mortgages for house purchases in more than a year in October, with economists warning the decline could signal the start of a downturn in the UK housing market. Mortgage approvals fell to a 13-month low of 40,488 last month, down from 41,576 in September, ...
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| Council proposes £1000 fines for homeless sleeping in tents A council has been called "cruel and callous" for proposing £1,000 fines to homeless people sleeping in tents in the city centre. Stoke-on-Trent council in Staffordshire is consulting on a public space protection order (PSPO) that will make it an offence for a person to "assemble, erect, occupy or use" a tent ...
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| Mnangagwa, the "Crocodile," sworn in as Zimbabwe president Emmerson Mnangagwa was sworn in on Friday as President of Zimbabwe in front of thousands of cheering supporters at Harare's national stadium, bringing the final curtain down on the 37-year rule of Robert Mugabe. Taking his oath of office, the 75-year-old former security chief known as 'The ...
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| Cryptocurrencies Don't Belong in Central Banks Singapore has already experimented in this direction. The phrase "Fedcoin" is sometimes bandied about, though I've seen no concrete sign of the U.S. Federal Reserve jumping on this bandwagon. In its recent quarterly review, the Bank of International Settlements asked central banks to consider ...
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| Egypt attack: More than 230 killed in Sinai mosque Militants have launched a bomb and gun attack on a mosque in Egypt's North Sinai province, killing 235 people, state media say. Witnesses say the al-Rawda mosque in the town of Bir al-Abed, near al-Arish, was targeted during Friday prayers. It is the deadliest attack of its kind since an Islamist ...
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