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Inflation returns to target, but experts warn June rate cut ‘off the table’
The Prime Minister has hailed inflation falling back to target as “great news” as official figures showed a return to 2% for the first time in almost three years. The Office for National Statistics (ONS) said Consumer Prices Index (CPI) inflation fell to 2% in May, down from 2.3% inContinue Reading
Morgan Freeman says he ‘detests’ Black History Month: ‘It’s not right’
Morgan Freeman has dismissed the idea of Black History Month, saying: “My history is American history.” The 87-year-old The Shawshank Redemption and Seven star had previously called the annual event, which is observed throughout February, an “insult”. In a new interview with Variety, Freeman elaborated on those feelings. “I detestContinue Reading
Rail Season Ticket Usage Hits Record Low Amid Shift to Hybrid Working
The use of rail season tickets in Great Britain has plummeted to the lowest level on record, driven by a significant increase in working from home since the Covid-19 pandemic. According to figures from the Office for Rail and Road (ORR), the industry regulator, the number of rail journeys madeContinue Reading
London Reclaims Title as Europe’s Largest Stock Market
The UK’s main stock market has reclaimed its position as Europe’s most valuable for the first time in nearly two years. The total value of companies listed on the London Stock Exchange (LSE) reached $3.18 trillion on Monday, overtaking the $3.13 trillion valuation of companies listed in Paris, according toContinue Reading
Low Investment Blocking UK Growth, Says Think Tank
Investment levels in the UK remain among the lowest of the world’s richest nations, posing a significant challenge to economic growth, according to the Institute for Public Policy Research (IPPR). The centre-left think tank highlighted that the UK’s total investment is “significantly” behind the nearest competitor in the G7 groupContinue Reading
Electric Car Battery Breakthrough Could Ease Range Anxiety
A significant technological breakthrough in electric car batteries could ease the range anxiety that has hindered the wider adoption of electric vehicles (EVs). TDK, a company historically known for its cassette tapes, has developed a solid-state battery with an energy density 100 times that of its previous models. Initially, TDKContinue Reading
Tiger Woods discovers fate after PGA Tour has vote on his future in golf
The PGA Tour Policy Board has green-lit a new “Lifetime Achievement exemption category” which was designed for golfing legend Tiger Woods. The chance enables Woods to participate in all eight signature tournaments of the tour for the rest of his career, each of which has substantial prize money and limitedContinue Reading
Nato’s $1bn Fund Backs British Start-Up to Build Space Factories
Cardiff-based start-up Space Forge, aiming to launch robotic factories into space, has secured funding from Nato’s $1.1bn (£870m) investment fund. Space Forge plans to utilise low-gravity conditions in space to manufacture crystals for advanced microchips, new medicines, and super-alloys. These satellites, designed to be the world’s first reusable orbiting factories,Continue Reading
Octopus Energy to Invest $2 Billion in US Clean Power
Octopus Energy, the UK’s largest electricity supplier, has announced plans to invest $2 billion in renewable energy projects across the United States by the end of the decade. The company has initiated its expansion by acquiring two solar farms from Vesper Energy, a US-based renewable energy developer, located in PennsylvaniaContinue Reading
Lab-grown burgers and cricket salads ‘could be meal staples by 2054’
Lab-grown burgers and cricket salads could be meal staples by 2054, according to a study. The next 30 years will see consumers turn increasingly to laboratory-grown meat cultured from animal tissues – with the potential to reduce emissions, land use and water consumption, researchers from University of York-based FixOurFood programmeContinue Reading