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Burnham has big ideas - but what will they cost?
Burnham has big ideas - but what will they cost?Image source, Bloomberg via Getty ImagesByFaisal IslamEconomics editorPublishedJust nowUp until this point, the new Prime Minister Andy Burnham has described his policy changes with a broad brush. From today, he faces the constraints, trade offs, and realities of high national office.For example, Burnham has said Tuesday's announcements on cost of living support would be paid for. In other words, it would mean a tax rise or spending cut, so we will...
West Africa signs off $25bn mega gas pipeline plan
West Africa signs off $25bn mega gas pipeline planImage source, AFP via Getty ImagesImage caption, Nigeria will be the source - it has Africa's largest proven natural gas reservesByChris EwokorBBC Africa, Reporting fromAbujaPublished12 minutes agoOne of Africa's most ambitious energy infrastructure projects has finally been signed off at the highest level, with West African leaders formally endorsing the long-awaited Nigeria-Morocco Atlantic Gas Pipeline."Don't be surprised when the gas comes yo...
Who will ask if you’re home? The economy growing around urban loneliness
India faces a growing loneliness crisis as its population ages rapidly. Urbanization and changing social structures contribute to this increasing isolation. Young migrants and older adults alike experience profound feelings of not belonging. The emerging "silver economy" offers market-based solutions for connection and care. This situation highlights the need to address loneliness as a fundamental human requirement.
AliExpress gets record €550m fine from EU for allowing sale of illegal products
AliExpress gets record €550m fine from EU for allowing sale of illegal productsImage source, NurPhoto / Getty ImagesImage caption, AliExpress has 193 million users in the EUByEmer MoreauBusiness reporterPublished7 minutes agoChinese online retail giant AliExpress has been fined a record €550m (£467m) by the EU for allowing the sale of illegal products such as unsafe toys and counterfeit clothes.The penalty is the highest fine imposed under the Digital Services Act, which requires tech giants to...
Despite Trump-Xi deal, China's rare earth magnet exports to US remain low
China's commitment to maintain supplies of critical materials, including rare-earth magnets, formed a central element of the October agreement under which Trump and Chinese President Xi Jinping agreed to pause the trade war.
From Dorm Room to $150 Billion: The Incredible Journey of Mark Zuckerberg
Mark Zuckerberg transformed from a college dropout to one of the youngest billionaires in history, amassing a fortune of over $150 billion. His journey is filled with unexpected twists, groundbreaking innovations, and lessons that every aspiring entrepreneur should learn.
What does a Burnham-led government mean for your money?
What does a Burnham-led government mean for your money?Image source, Getty ImagesByKevin PeacheyCost of living correspondentPublishedJust nowPolicies to give people more "breathing space" on the cost of living will be announced on Tuesday by Andy Burnham, in one of his first acts as prime minister.Many people, he has said, can't go out for a pint on a Friday, can't take the kids out, and can't go on holiday owing to the pressure on their finances.The cost of living has dominated people's lives i...
كيف تحول الفقراء إلى مليارديرات: قصص نجاح مذهلة تصلح كإلهام للجميع!
من العدم إلى الثروة! تعرف على قصص ملهمة لأناس بدأوا من تحت الصفر وحققوا مليارات الدولارات. هذه الرحلات ليست فقط قصص نجاح، بل دروس حياة حقيقية.
Broke to Billionaire: 7 Unbelievable Stories of Self-Made Success That Will Inspire You
Discover how ordinary individuals turned their lives around, transforming dreams into multi-billion dollar empires! These remarkable journeys from rags to riches will not only inspire you but also challenge your perceptions of what is possible.
US fuel prices rise: Gasoline returns to $4 per gallon after Middle East flare-up
Average petrol prices in the United States have now reached four dollars per gallon. This increase follows recent flare-ups and rising tensions in the Middle East region. Motorists in several states have been paying more than four dollars for some time. Crude oil prices have risen, impacting global fuel costs significantly. Higher fuel expenses may affect grocery prices and voter concerns during elections.
JPMorgan made 40% AI job cuts in some teams, but CEO is not ‘convinced’ of its results
JPMorgan Chase has reduced some jobs by up to forty percent using artificial intelligence. CEO Jamie Dimon believes AI offers no unique competitive advantage for the bank. He stated that AI will not significantly increase the bank's profit margins. The bank is increasing recruitment for AI-related roles while hiring fewer bankers. JPMorgan Chase reported strong net income and investment banking fees for the second quarter.
Paid for 90g detergent, got only 70g; consumer wins Rs 50,000
Hindustan Unilever Limited was found liable for selling an underweight Surf Excel detergent pouch. The state consumer commission reduced the compensation awarded to the original complainant. The case began in 2020 when a consumer found a packet lighter than labelled. HUL's appeal argued against the district commission's jurisdiction and findings. The commission upheld the unfair trade practice finding but lowered the financial award.
Era of cheap borrowing may be over as world enters 'a new macro regime': Moody's
The era of ultra-low interest rates is ending, ushering in higher borrowing costs. Investors anticipate sustained investment in artificial intelligence and infrastructure projects. Geopolitical risks are also expected to remain elevated in the coming years. Bond markets reflect expectations of structurally higher interest rates for an extended period. Capital will likely flow towards AI, defense, and critical minerals sectors.
Dealer sold ‘test-drive’ car as brand new; buyer wins over Rs 9.2 lakh payout
The NCDRC ruled Tata Motors is not liable for a dealer selling a demo car as new. The buyer purchased a Tata Manza Elan which had been used for eight months. The district commission ordered the dealer to refund the full amount and pay compensation. The state commission had made Tata Motors jointly liable with the dealer. The NCDRC restored the district commission's order, absolving the manufacturer and restoring compensation.
Amazon soy pact collapse may drive 1.4M hectares of deforestation
A voluntary soy deforestation pact has collapsed after nearly two decades of success. This collapse is predicted to cause significant future deforestation in the Amazon rainforest. Researchers estimate over one million hectares of forest loss by 2036. This deforestation will release substantial carbon emissions equivalent to Canada's annual output. Aggressive enforcement and stronger import demands are now recommended to protect the Amazon.
NTA names 5 NEET candidates, says OMR claims built on digital forgeries
The National Testing Agency has dismissed allegations regarding discrepancies in OMR sheets presented by five NEET-UG candidates. They emphasized that the images circulating are likely digitally altered, enhanced with AI, or otherwise modified. The agency affirmed the authenticity of the OMR sheets and the accuracy of the candidates' scores. Severe penalties may be imposed for submitting fraudulent records under new regulations.
Ryanair profits tumble as jet fuel costs soar
Ryanair profits tumble as jet fuel costs soarImage source, iStock Editorial / Getty ImagesImage caption, Ryanair said it had to cut fares due to customer hesitancy around air travel due to the Middle East conflictByEmer MoreauBusiness reporterPublished15 minutes agoRyanair's profits have fallen sharply as war in the Middle East sent jet fuel prices soaring and customers reluctant to book flights.The Irish airline's pre-tax profits dropped 34% to €593m (£503m) between April and June while sales w...
Taxpayers could pay millions to abuse survivors if Christian Brothers goes bankrupt, court documents reveal
Catholic order with a record of child abuse could be subject to hundreds of redress claims worth up to $65mFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAustralian taxpayers could be forced to cover up to $65m in payouts to hundreds of abuse victims when a failing arm of the Catholic church disappears, new court documents reveal.Last month, the Christian Brothers, a Catholic order with a shocking record of child abuse, informed a...
Unleashing Speed: The Ultimate Showdown of the Fastest SUVs - Lamborghini Urus vs BMW XM vs Porsche Cayenne
Ready to experience the exhilarating world of performance SUVs? Discover which luxury beast reigns supreme in speed, power, and performance in our ultimate showdown!
Gold price prediction today: Why are gold prices under pressure? Check outlook for July 20 week
Gold price prediction today: Gold prices continue to trade on a weak note as geopolitical developments keep investors wary, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.
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