Newsletter Jul 19, 2023

UK's migration crackdown plan to become law

Britain's controversial plan to deter migrants without papers from landing on British shores was on Tuesday poised to become law, prompting criticism from the United Nations.

US stocks extend rally as bank earnings top estimates

Global stocks mostly rose Tuesday, with the Dow index in New York lodging its seventh straight gain, as solid banking earnings helped extend a market rally.

Illegal Migration Bill set to become law after government survives final challenges from the House of Lords

The end of the stand-off between peers and MPs paves the way for the bill to receive royal assent, with the bill seeking to address one of Prime Minister Rishi Sunak's five stated priorities.

Research reveals overstocking costs businesses an average quarterly loss of nearly £900,000

A recent report has exposed the overstocking challenge facing UK retailers, which has led to millions in lost income and jeopardised their financial stability.

Government announces plan to crackdown on 'rip-off' degrees

Concerned that some degrees offered by British universities are failing to deliver good graduate outcomes, the government have announced plans to limit student numbers on poorly performing courses.

McDonald's UK apologises after racism, sexual misconduct report

The head of McDonald's in the UK apologised after the BBC on Tuesday reported allegations of sexual misconduct, racism and bullying by staff at the fast-food giant.

AI could increase the risk of fraud in the financial services of Britain

The FCA sounded the warning bell for financial services as AI fraud takes centre stage. The Head of FCA provided some crucial insights on how they are preparing to tackle AI frauds.

Spain hits Apple, Amazon with 194-mn-euro antitrust fine

Spain's competition watchdog said Tuesday it has slapped US tech giants Amazon and Apple with fines totalling 194 million euros ($218 million) for collusion in the sale of products.

Russia bans all Apple devices including iPhones for government officials

The recently imposed ban applies to more government workers and also includes other Apple devices like iPads and Macs.

Google Bard found to have some serious security flaws

While any new technology is usually abused for malicious purposes, the problem with generative AI is that it is an extremely potent tool.

UK officially joins CPTPP trade group, opening doors to new opportunities

UK formally joins CPTPP trade group, opening doors to new opportunities for British businesses with reduced tariffs and increased investment.

How 'silent firing' is sweeping the UK work culture, according to recent study

A report reveals many people may be ignorant about a growing trend of silent mistreatment including gender discrimination that is forcing employees to resign.

How low-cost ketamine can be used to treat severe depression

According to a recent study from the University of New South Wales, a low-cost version of ketamine has been shown to effectively treat severe depression.

Travellers to pay tourist tax to enter Bali, along with visa fees

Bali is one of the most popular holiday destinations among tourists across the globe.

Trump reveals how he can end Russia-Ukraine war

Former President Donald Trump finally revealed how he plans to end the Russia-Ukraine war in 24 hours.

Messi will need time to adapt to MLS - Beckham

David Beckham believes Lionel Messi will need time to adapt to Major League Soccer, even though the standard of play is at a "different level" from the European game.