Fifty-five thousand pound (25,000KG) truck is swallowed by a sinkhole off of a highway in Georgia.
Sterling skids to its lowest levels – bar a “flash crash” in October – in 32 years on Monday, hit by fears that Prime Minister Theresa May will say on Tuesday that Britain is set for a “hard” Brexit out of the EU and its single market.
Britain is $1.5 trillion poorer in dollar terms due to the fall in the pound since the vote to leave the European Union, according to a new study on global wealth. But Credit Suisse also predicts that around 945 billionaires will be minted around the world in the next five years.
UK manufacturing showed solid growth in October thanks to exchange rates driving up new orders, according to the latest data. But as Ivor Bennett reports, sterling could fall even further than some might want – a new poll forecasting lows of $1.15 when Britain starts formal divorce proceedings from the EU.
Britain’s pound has fallen again on fears over a so-called “hard” Brexit, dropping below $1.27 for the first time since June 1985. And the UK’s key services sector PMI has also fallen slightly, with financial services in particular bracing for fallout. Hayley Platt reports.
London-based estate agent Foxtons is blaming a 42 percent drop in profit on Britain’s EU referendum. But as Laura Frykberg explains, the weak pound means luxury properties are still managing to attract interest. Continue reading
International Monetary Fund chief Christine Lagarde announces the Chinese Yuan will be added to the Special Drawing Rights (SDR) basket alongside the dollar, euro, pound sterling and yen.