Author: Euronews

The British pound surged to its highest level against the US dollar given the Bank of England’s less dovish stance compared to that of the Federal Reserve at the Jackson Hole Symposium on Friday. ADVERTISEMENTThe British pound soared against other currencies in the G-10 group on Friday following the Jackson Hole Symposium, a conference in Wyoming hosted by the Federal Reserve (Fed) to discuss central banking policies.The pound surged against the US dollar, reaching above 1.32, the highest level since March 2022. It rose against the euro to over 1.18, a three-week high. Fed Chairman Jerome Powell signalled a likely rate…

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A number of companies are scaling back their inclusion initiatives in response to a conservative backlash. ADVERTISEMENTThe creator of Jack Daniel’s whiskey, Brown-Forman Corporation, is the latest in a series of firms to drop commitments to diversity, equity and inclusion (DEI).According to an email sent to employees on Wednesday, executive pay at the US firm is no longer going to be linked to DEI targets.Ten percent of short-term compensation was formerly based on DEI goals.On top of this, the company will stop participating in an annual ranking of companies with an LGBTQ-friendly work environment, and it will also scrap plans…

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