Tesla faces recall over alerts for unlatched bonnet
admin Tesla has released a software update for over 1.8 million vehicles in the US to address a faulty notification system for unlatched hoods. According to a recall notice, US safety…
2024
Microsoft says cyber-attack triggered latest outage
A global outage impacting Microsoft products, including Outlook and Minecraft, has been resolved, the tech giant announced. Preliminary investigations indicate the outage resulted from a cyber-attack and a failure in…
Tinder parent company cuts jobs as subscriber numbers slump
Match Group Inc, the parent company of Tinder, is set to cut 6% of its global workforce due to a decline in paying users for its most popular dating app.…
Frustrated Nigerians vow ‘days of rage’ as hardships mount
“We are protesting because we are hungry,” says Nigerian activist Banwo Olagokun to the BBC. He is part of the Take It Back Movement, which has called for 10 days…
Fed holds rates steady as pressure mounts for a cut
The US central bank has maintained its key interest rate at a 23-year high, as anticipated, while indicating the possibility of future rate cuts. The Federal Reserve noted that its…
Wales sees first rise in house prices in more than a year
House prices in Wales have risen for the first time in over a year, according to the Principality building society. Their house price index shows the average home now costs…
‘Bean counters’ get their revenge, as Reeves unveils spending audit
Two years ago, the UK’s top economic institutions were about to face intense scrutiny. Liz Truss’s Conservatives were planning a major overhaul, aiming to replace Treasury leaders and abolish the…
Reeves defends move to restrict winter fuel payments
Chancellor Rachel Reeves has defended her decision to scrap winter fuel payments for around 10 million pensioners. Speaking to the BBC, she explained that she discovered a “black hole” in…
UK government debt highest since 1962
New official figures indicate that the UK’s national debt has surged to its highest level since 1962. As of June, the total government debt amounted to 99.5% of the country’s…
Why does the government borrow money?
Governments typically spend more than they collect in taxes. To bridge this gap, they resort to borrowing money, which must eventually be repaid with interest. This borrowing can significantly impact…