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Climate crisis has reached 'point of no return', UN chief says

Mark Carney floated the idea of a cryptocurrency backed by central banks

Don't expect the US to let its currency dwindle without a fight

Theresa May’s Brexit divorce deal was defeated in Britain's Parliament by 230 votes Tuesday, pushing the prime minister and the country into political chaos and threatening a potentially disorderly exit from the EU.

The European Central Bank's Benoît Cœuré shared the opinion of Agustín Carstens, a Mexican economist, that bitcoin is "a combination of a bubble, a Ponzi scheme, and an environmental disaster."

National cryptocurrencies could make payments faster and prevent crime, but they come with their own risks.

The Bank of England moves to even the playing field for fintech startups.

It is a truth universally acknowledged ... that Jane Austen fans took to social media to mock the new British banknote honoring the author, 200 years after her death.

Burger was part of an elaborate Nazi plan titled Operation Bernhard that sought to disrupt Britain’s economy by introducing millions of fake bank notes.

The new 5-pound notes are made from a polymer that promises to help the notes last longer.

The central bank also announced an expansion of its quantitative easing policy to ease Brexit's impact.

The measures, outlined by the central bank’s Financial Policy Committee Tuesday, could potentially free up to $197 billion for lending to businesses and households.

Brexit campaigner Boris Johnson, favored to become the next prime minister, said Britain could forge a relationship with the EU based on free trade and partnership rather than a federal system.

Despite some positive signs in the economy, inflation remains far below the central bank’s goal. The looming Brexit referendum is also a serious concern.

Low inflation and the prospect of Britain’s exit from the European Union were factors in the BoE’s decision, which was widely expected.

On Tuesday, the central bank released its last scheduled policy statement before the U.K. votes on June 23 on whether to leave the European Union.

The vote Thursday comes days after the government revised its 2016 growth forecast for the country’s economy down to 2 percent.

What if ecologists who study food webs and epidemiologists who study diseases could help central bankers predict the next financial crisis?

Nearly seven years after the Bank of England cut rates to a record low, the Bank has left them unchanged once again.

Although a rise in consumer spending helped offset the trade deficit, growth slowed to 0.5 percent in the quarter ending Sept. 30.

Interest rates have been held at 0.5 percent since March 2009, and most economists do not expect a rate hike before the second quarter of 2016.

As employment in the U.K. expands to a record high, the Bank of England is mulling its first rate hike since 2007.

Despite global economic uncertainty, the U.K. saw its unemployment rate fall with the highest number of people working since 1971.

The Bank of England's Mark Carney warned that the consequences for financial markets of averting climate change could be "huge."

The U.K.'s currency rose 0.4 percent after Thursday's vote to keep the interest level at a record low.

Growth continued for a 10th straight quarter, but market volatility -- thanks mostly to China's meltdown -- could end the streak.

Greek Prime Minister Alexis Tsipras still needs his own parliament to approve the deal.

Bank officials were instructed to avoid mentioning the purpose of the secret project in an email leaked to the Guardian in the U.K.

Last year, Britain was the fastest growing of any major advanced economy.