Facebook is finalising plans to launch its own crypto-currency next year.It is planning to set up a digital payments system in about a dozen countries by the first quarter of 2020.The social media giant wants to start testing its crypto-currency, which has been referred to internally as GlobalCoin, by the end of this year.Facebook is expected to outline plans in more detail this summer, and has already spoken to Bank of England governor Mark Carney.Founder Mark Zuckerberg met Mr Carney last month to discuss the opportunities and risks involved in launching a crypto-currency.Facebook has...…Facebook is finalising plans to launch its own crypto-currency next year.It is planning to set up a digital payments system in about a dozen countries by the first quarter of 2020.The social media giant wants to start testing its crypto-currency, which has been referred to internally as GlobalCoin, by the end of this year.Facebook is expected to outline plans in more detail this summer, and has already spoken to Bank of England governor Mark Carney.Founder Mark Zuckerberg met Mr Carney last month to discuss the opportunities and risks involved in launching a crypto-currency.Facebook has...WW…

The governor of the Bank of England has vowed to do "everything we can" to support the economy amid a resurgence of Covid-19 cases.Andrew Bailey said it was important that policymakers acted "quickly and strongly", as the Bank announced a further £150bn of support.Tighter lockdown rules, including , are expected to lead to a slower, bumpier recovery.Policymakers also kept interest rates on hold at a record low of 0.1%.While the economy is expected to avoid another , the Bank believes unemployment will rise sharply as government support schemes wind down.The Bank expects the economy to...…The governor of the Bank of England has vowed to do "everything we can" to support the economy amid a resurgence of Covid-19 cases.Andrew Bailey said it was important that policymakers acted "quickly and strongly", as the Bank announced a further £150bn of support.Tighter lockdown rules, including , are expected to lead to a slower, bumpier recovery.Policymakers also kept interest rates on hold at a record low of 0.1%.While the economy is expected to avoid another , the Bank believes unemployment will rise sharply as government support schemes wind down.The Bank expects the economy to...WW…

The Governor of the Bank of England has backed the government's decision to end its furlough scheme in October.Andrew Bailey told the BBC it was important that policymakers helped workers "move forward" and not keep them in unproductive jobs.He said coronavirus would inevitably mean that some jobs became redundant.The Bank also predicted the economic slump caused by Covid-19 will be less severe than expected, but warned the recovery will also take longer.More than nine million jobs have been furloughed under the government's , but the Bank expects most people to go back to work as the...…The Governor of the Bank of England has backed the government's decision to end its furlough scheme in October.Andrew Bailey told the BBC it was important that policymakers helped workers "move forward" and not keep them in unproductive jobs.He said coronavirus would inevitably mean that some jobs became redundant.The Bank also predicted the economic slump caused by Covid-19 will be less severe than expected, but warned the recovery will also take longer.More than nine million jobs have been furloughed under the government's , but the Bank expects most people to go back to work as the...WW…