The Bank of England has raised its base rate by 0.5 percentage points, the largest single upward jump in 27 years. It takes the base rate to 1.75%, its highest level since 2008. This latest interest rate hike will affect personal finances and reflects the Bank’s efforts to control rampant inflation amid the cost of living crisis in the UK.
- Fundraising via crypto, NFTs grows amid funding downturn
- Advocates say crypto donations faster, easier to access
- Challenges include internet, power access and gender gap
By Kagondu Njagi
NAIROBI, July 19 (Thomson Reuters Foundation) – A sculpture of a giant tap spewing plastic waste greeted delegates at U.N. environment talks in Kenya earlier this year – a reminder of the urgent need for them to agree a global pact to curb plastic pollution.
Geneva Financial Home Loans (Geneva) announces the release of a professionally produced song, ‘Good Human’, in support of their BE A GOOD HUMAN initiative to inspire change in the world through human action. Continue reading
GoCardless, the global leader in direct bank payments, has announced its plans to acquire Nordigen, the freemium open banking data provider, as it builds on its vision to become the world’s bank payment network. GoCardless will incorporate Nordigen’s next-generation open banking connectivity — offering the widest coverage in Europe, connecting to more than 2,300 banks in 31 countries — into its account-to-account network. Continue reading
One of the UK’s leading supercar hire companies has just launched a cryptocurrency payment system to rent the world’s most impressive prestige and supercars. Continue reading