The leaders of Japan and China got off to a tense start but have made significant progress in turning around their relations in recent years.Asia Politicsread more
Tech's hottest IPOs of the year, including Beyond Meat and Zoom, dropped on Monday, falling more than the broader market.Technologyread more
"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
Stocks in Asia were tepid in Tuesday morning trade, while investors looked toward to a meeting between U.S. President Donald Trump and Chinese President Xi Jinping set to...Asia Marketsread more
Chinese Vice Premier Liu He held a phone conversation with U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin, China's Ministry of Commerce...World Economyread more
Sen. Bernie Sanders announced a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020...Personal Financeread more
While earnings usually come in substantially ahead of expectations — as much as 4 or 5 percentage points is not unusual — the downward direction in the outlook doesn't speak...Earningsread more
U.S. President Donald Trump's senior adviser Kellyanne Conway will not testify before the House of Representatives Oversight Committee this week on her alleged violations of...Politicsread more
"We missed being the dominant mobile operating system by a very tiny amount. We were distracted during our antitrust trial. We didn't assign the best people to do the work,"...Technologyread more
PatientsLikeMe was bought by UnitedHealth following a review by Trump's Treasury Department, which scrutinized the start-up because it's backed by Chinese cash.Technologyread more
Some traders think the energy rally is about to wane, despite the sector being one of June's big winners.ETF Edgeread more
The (BOE) has decided to keep using polymer, an ingredient containing beef, for its banknotes despite a backdrop of animal rights activists angered by the move.
The U.K.'s central bank said on Thursday that it would continue using the substance in future print runs, and that the only other viable options to printing polymer notes was to use chemicals derived from palm oil.
Concerns were raised over the latter option as palm oil has been linked to serious environmental issues surrounding deforestation, climate change and the survival of endangered species.
The BOE's decision followed a lengthy consultation involving 3,544 people. Of those who expressed their thoughts, 3,010 (88%) were against the use of animal-derived additives and 1,472 (48%) were against the use of palm oil derivatives.
Just under a third of respondents (31%) expressed preference against the use of both animal and palm oil derivatives.
"The Bank fully recognizes the concerns raised by members of the public, both prior to and during the consultation, and has not taken this decision lightly," the BOE said in a statement on Thursday.
"The Bank also understands that the decision it has reached may not address the concerns of all parties, but in making this decision, the Bank has considered very carefully the relevant factors and taken into consideration all of its objectives, including its responsibility to maintain confidence in the currency through the issuance of high quality, secure bank notes and achieve value for money for taxpayers."
Polymer will be used in the printing of the new £20 and £10 notes, and will still be used for the printing of future runs of the £5 banknote.
Earlier this year, . The introduction of the controversial note led to protests by vegan-led animal rights activists last November, which consequently prompted the institution to launch an investigation into better substitutes for the ingredient.
Animal rights group PETA U.K. swiftly condemned the decision by the central bank to continue using polymer, and advocated a boycott of the banknotes by consumers.
"There's no need for tallow, and the Bank of England has failed to balance the books by investing in a non-animal bank note component that would please everyone," Elisa Allen, director of PETA, told CNBC via email.
"While the use of tallow is not the most shocking case of cruelty to animals, it is a direct subsidy for abattoirs for which there's no justification. Our society is rapidly moving away from the destruction and violence of animal agriculture – one of the most significant contributors to climate change and a practice that causes billions of gentle, intelligent animals to suffer greatly every year."
She added: "PETA suggests that while the public may not be able to avoid these nasty notes, they can take a stand for animals and the environment by not purchasing meat or dairy foods with their cash."
The banknotes contain a trace amount of additives derived from animal products – typically less than 0.05 percent.