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 […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
According to official data, government borrowing was higher than expected in July, with the increase being driven by the rising cost of public services and benefits. The Office for National Statistics (ONS) reported that borrowing, which reflects the gap between government spending and tax revenue, reached £3.1 billion last month, marking the highest July borrowing […]
Continue Reading