In his farewell address from the Oval Office on Wednesday, US President Joe Biden warned Americans of a "dangerous concentration of power" in the hands of a "tiny handful of the super-rich", which he feared would have implications for US democracy. "Today, America is becoming an oligarchy - one in which extreme wealth, power, and influence actually threaten our entire democracy, our fundamental rights, and freedoms...
Ms Britten, deputy governor of the Bank of England, said on Thursday that recent evidence supported a gradual rate cut but that measuring the appropriate pace of easing was tricky. "Recent evidence further supports the removal of policy constraints, which I expect to continue to be phased out over time," said Ms Britten, deputy governor for financial stability and seen as a centrist on the monetary policy committee, in a speech at the University of Edinburgh. She said that at this stage "...
U.S. President Joe Biden said Thursday he wants President-elect Donald Trump to reconsider his plan to impose tariffs on Mexico and Canada, saying it could "mess up" relations with close allies. "I want him to reconsider. I think it would be counterproductive to do so," he said in Nantucket. "Our situation in the United States is unusual, we are surrounded by the Pacific Ocean, the Atlantic Ocean, and two allies: Mexico and Canada. The last thing we need to do is start damaging those relationshi...
According to the Washington Post, US President Joe Biden will speak on Wednesday about his withdrawal decision.