Newsletter Jul 20, 2023

UK annual inflation drops under eight percent

Britain's annual inflation rate slowed more than expected in June as it dropped below eight percent, official data showed Wednesday, easing the country's cost-of-living crisis.

Tata picks Britain for GBP4-bn electric car battery plant

Indian conglomerate Tata Group announced Wednesday that it will build a gigafactory in Britain to manufacture batteries, as nations accelerate away from fossil fuel vehicles.

Markets mostly rise on rate hopes but China fears weigh

Markets mostly rose Thursday on signs that more than a year of interest rate hikes around the world was subduing inflation, giving central banks room to take a softer approach to monetary policy.

PM Sunak appoints leading chief executives to new business council

Prime Minister Rishi Sunak has appointed a new business council that brings the chief executives of major companies into the heart of government to help boost the British economy.

Britain moves closer to creating a Global Response Force to tackle changing global threats

The British government has updated the Defence Command Paper with an aim to create a global response force and increase the stockpiles.

UN Women report shows that low women's empowerment is shockingly common worldwide

Women's empowerment is shockingly low worldwide. At the current rate of progress, UN women predict that it will take 286 years to achieve global gender equality.

British small businesses face uphill battle as GDP dips and challenges mount

UK SMEs face challenges as GDP declined by 0.1 per cent in May 2023, and pressure mounts from interest rate hikes, inflation, and late payment practices by large businesses.

UK government showcases innovations in engineering biology to drive economic growth and sustainability

The UK government highlights the transformative power of engineering biology in medical therapies, recycling and sustainable food sources to drive economic growth and innovation.

Recent report reveals 4 in 10 small business owners are trying to adapt to current economic circumstances

A recent report by PayPal reveals UK SMEs recognise the value of thinking outside the box, with 36% of their revenue generated through innovative approaches.

ChatGPT beats 99% of humans hands down in creativity tests

The study, conducted by researchers at the University of Montana used a popular test of creativity called TTCT (Torrance Test of Creativity).

Threads takes the Twitter route, imposes rate limit on posts

Twitter decided to impose viewing limits as part of its strategy to restrict data scraping and system manipulation.

Holidaymakers 'risk their lives' by buying cocktails in popular Spanish town

The peak summer travel season is ongoing in most parts of Europe.

Two killed in shooting as New Zealand city hosts World Cup opener

A gunman killed two people and wounded at least five at a building site in central Auckland Thursday, just hours before New Zealand's biggest city hosts the opening game of the football Women's World Cup.