In late September, the container ship Istanbul Bridge embarked on an unconventional journey from China to Europe, carrying cargo ranging from batteries to clothing. Rather than following the traditional southern route via the Suez Canal, the vessel charted a course north through the Arctic Ocean’s Northern Sea Route. This marks a significant milestone in […]
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A major shift is coming to the world of credit scoring: how Americans handle Buy Now, Pay Later (BNPL) loans will soon influence their FICO credit scores. FICO, the most widely used credit score provider in the United States, has announced plans to launch a new scoring system later this year that includes BNPL […]
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Former President Donald Trump signed four executive orders designed to revive and expand the U.S. nuclear energy industry. These directives aim to fast-track the development and deployment of advanced nuclear technologies, reduce regulatory hurdles, and reestablish the nation’s capacity to mine and enrich uranium. Speaking at the White House, Trump described the nuclear sector […]
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Former President Donald Trump issued a bold demand on Friday, stating that Apple and other smartphone manufacturers must produce their devices within the United States—or face a steep 25% tariff. In a post on Truth Social, Trump said he had previously warned Apple CEO Tim Cook that iPhones sold in the U.S. should not […]
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The risk of a recession in the US is growing, as escalating tariffs and the ongoing trade war under President Donald Trump threaten economic stability, according to Goldman Sachs. The investment bank has raised its recession probability to 35% over the next 12 months, up from 20%, and warned that the chances of a downturn […]
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Junior doctors in England have agreed to the government’s offer of a 22% pay rise, ending an 18-month-long dispute. The deal, supported by 66% of British Medical Association members in an online vote, was backed by nearly 46,000 participants. The pay increase will be spread over two years and marks the conclusion of a series […]
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A new forecast from the UK government’s official forecaster warns that the national debt is expected to triple over the next 50 years due to mounting pressures. The Office for Budget Responsibility (OBR) attributes this looming rise to factors such as an ageing population, climate change, and increasing geopolitical tensions. In its report, the OBR […]
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New legislation being presented to parliament this week could mean that more bus services could come under the control of local councils in the near future. According to Transport Secretary Louise Haigh, this “bus revolution” is designed to preserve essential bus routes by allowing local authorities to adopt a franchising system, where they would determine […]
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According to the latest figures, last month, UK house prices hit their highest level in two years, with renewed optimism among buyers following a recent interest rate cut, according to the country’s largest mortgage provider, Halifax. The lender reported a 4.3% annual increase in property values in August which pushed the average home price to […]
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The Treasury anticipates a 2.5% increase in the full state pension this year, translating to an additional £400 annually for pensioners. This boost is a result of the triple lock, which was introduced to make sure that the state pension rises each April by the highest of three factors: inflation, the average wage increase in […]
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