Newsletter Jun 28, 2023
UK says sending asylum seekers abroad would cost GBP169,000 per person

The UK's controversial plan to send asylum seekers to Rwanda will cost GBP169,000 ($210,000) per person, according to an impact assessment published Tuesday, although the government insisted it would recoup most of the costs.


Stocks push higher as investors track China, US data

Global stocks advanced Tuesday as China's growth reassurances and solid economic data in the United States helped reduce recession worries.


 
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Britain's mortgage crisis, borrowers to be given 12-month grace period before repossession

Rising costs, affordability concerns, and economic uncertainty impact the housing market, with interest rates now standing at five per cent in the UK, the highest level since April 2008.

More than half of UK SMEs worry about being victims to fraud amid the cost of living crisis

GBG warns of the rapid industrialisation of fraud in the UK, with 40 per cent of businesses reporting fraud attempts and growing concerns among smartphone owners.

Why are 4.39 million workers in the UK taking the freelancer path?

Digital staffing platform, Coople, has provided insight into what are the risks posed to companies who hire freelance staff and the cons of being a freelancer.

'Drinkflation' a growing concern as high inflation worries UK hospitality sector

Less booze in your drink as soaring costs and reduced consumer spending pose challenges for brewing sectors.

UK, EU sign delayed financial services pact

Britain and the European Union signed a long-awaited cooperation pact on financial services regulation on Tuesday in a new sign of improving post-Brexit relations between the two sides.

US new home sales jump unexpectedly to highest rate in over a year

New home sales in the United States surged unexpectedly in May, the Commerce Department said Tuesday, reaching the highest rate in over a year despite efforts to cool the economy.

Wagner chief heads into Belarus exile, NATO vows to protect allies

Belarus welcomed the head of the Wagner mercenary group Yevgeny Prigozhin into exile on Tuesday following an aborted rebellion, as NATO warned it was ready to defend against "Moscow or Minsk".

Military medics in Ukraine to be trained by the British Army

The British Army will train 150 military medics in Ukraine, providing them with life-saving first aid skills and battlefield practice sessions.

Microsoft Bing Chat set to launch image recognition very soon

Bing Chat will soon be able to detect and understand objects within images and provide a detailed explanation regarding the picture.

Royal Navy ask tech giants to find ways of offering cloud-based technology to warfighters

Amazon and Microsoft showcased how the military can benefit from cloud computing as it integrates software and drones with frontline fighters.

Google Store cancels Pixel Fold preorders without informing buyers

Some frustrated Pixel Fold buyers took to social media platforms to express their displeasure regarding their purchase experience.

Andy Murray admits this could be his last Wimbledon appearance

Andy Murray is a two-time Wimbledon champion.

ICC World Cup 2023: England's full schedule, fixtures, date, venues

England are the defending Cricket World Cup champions.

World Cup chance to 'blow lid off' business of women's sports: Rapinoe

US veteran Megan Rapinoe said the upcoming Women's World Cup feels like a "paradigm shift" in the global business of women's sports even as inequities persist.

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