A group of seven major central banks including the U.S. Federal Reserve set out on Friday how a digital currency could look like to help catch up with China's "trail blazing" and leapfrog private projects like Facebook Inc's Libra stablecoin. The central banks and the Bank for International Settlements (BIS), said core features should include resilience, availability at low or no cost, appropriate standards and clear legal framework, and an appropriate role for the private sector. Bank of England (BoE) Deputy Governor and chair of a BIS committee on payments Jon Cunliffe said the rise in cashless payments since lockdowns to fight the pandemic has accelerated how technology is changing forms of money. Central banks began looking closely at digital currencies after Facebook last year announced its yet-to-be-launched digital token Libra that would be backed by a mixture of major currencies and government debt. The body behind Libra has since tweaked plans and now hopes to launch … [Read more...] about Central banks sketch out digital currency as China forges ahead
Bank of england
Forwards: Alfie Barbeary (Wasps), Luke Cowan-Dickie (Exeter), Tom Curry (Sale), Ben Earl (Bristol), Charlie Ewels (Bath), Ellis Genge (Leicester), Jamie George (Saracens), Jonny Hill (Exeter), Maro Itoje (Saracens), Joe Launchbury (Wasps), Joe Marler (Harlequins), Kyle Sinckler (Bristol), Will Stuart (Bath Rugby), Sam Underhill (Bath), Billy Vunipola (Saracens), Mako Vunipola (Saracens), Harry Williams (Exeter), Jack Willis (Wasps) … [Read more...] about England call up uncapped Wasps hooker Alfie Barbeary for Autumn Nations Cup final
Standing in the queue outside the cut-price fashion store, which was still bringing in trollies full of Primark stock after the doors opened, Gabriella Abrile, 21, said “I’m so excited. It’s a very good store. I’m here to buy gifts.” … [Read more...] about Queues form as England’s high streets reopen after lockdown
Also See: Matera stripped of Argentina captaincy after racist posts England call up uncapped Wasps' Barbeary France bank on inexperience for England final Burns, Lowe ruled out of Ireland's clash with Scotland … [Read more...] about On This Day 2012: England beat world champion All Blacks at Twickenham
Morgan also wrote to Hancock, this time asking for a two-week circuit breaker to buy the government and the council time to fix the system. Hancock didn’t write back. Later, in mid-October, when minutes were published showing that in September Sage had advised the government to enact the very policy he had suggested, Morgan was livid. By that point, the number of cases had spiralled out of control and transmission of the virus was spreading across all age groups, but particularly affecting working-age adults. … [Read more...] about How did the place I grew up in find itself with the highest Covid rate in England?