The paths of these two stars have intersected on several occasions due to their association with the luxury brand Bulgari
entertainment4 hours ago
Britain risks suffering an even bigger hit to its economy than during the global financial crisis 10 years ago if it leaves the European Union in a worst-case Brexit scenario in four months' time, the Bank of England said on Wednesday.
Hours after the government issued its own stark warning about a no-deal Brexit, the BoE said the economy could shrink by as much as 8 per cent in about a year.
The two reports could add to pressure on lawmakers to drop their opposition to the Brexit agreement that Prime Minister Theresa May struck with other EU leaders on Sunday, which is far from certain to be approved in parliament on Dec. 11.
However, supporters of a more definitive break with Brussels quickly dismissed the reports as scaremongering, while advocates of closer ties said the forecasts demonstrated that promises of greater prosperity outside the EU had been a lie.
The BoE said the "disorderly" scenario - involving severe delays at UK borders and financial markets' loss of confidence in British institutions - was not its base case.
But if it happened, there would be a 25 per cent tumble in the value of sterling - taking it close to parity against the dollar - a spike in inflation to 6.5 per cent from around 2.4 per cent now, and a jump in interest rates. House prices would fall by 30 per cent.
Sterling gave up earlier gains as the BoE outlined its various scenarios.
It said a merely "disruptive" Brexit, with goods flowing across borders but facing tariffs and other barriers, would cause a 3 percent fall in gross domestic product.
The paths of these two stars have intersected on several occasions due to their association with the luxury brand Bulgari
entertainment4 hours ago
The students' demands range from a ceasefire in Israel's war with Hamas to calls for universities to stop investing in Israeli enterprises
world5 hours ago
Despite Kohli's flowing form ahead of the T20 World Cup in June, pundits have raised concerns over his strike-rate
cricket5 hours ago
Saudi Arabia has begun to explore extracting lithium from sea water
business5 hours ago
Speaking after meeting Lebanese leaders, French foreign minister says there had been "a lot of progress" over the French proposals
mena5 hours ago
The three-shot winner from Japan says he is aiming to become a member of the PGA Tour in the future
sports6 hours ago
Big-hitting Nienaber falters at the finish to settle for secondwhile former Abu Dhabi resident David Horsey takes the third spot at Saadiyat Beach Golf Club
sports6 hours ago
The UAE is India's second-largest export destination after the US
economy6 hours ago