Newsletter Jul 21, 2023
Sunak's ruling conservatives brace for defeat in UK by-elections

Prime Minister Rishi Sunak's Conservatives braced for defeat in three by-elections across England on Thursday, as the ruling party looked set to suffer an electoral backlash over the UK's ailing economy.


Uncertain outlook weighs on American Airlines shares despite blowout Q2

American Airlines reported blowout second-quarter earnings on Thursday on strong demand and lower jet fuel prices, but shares still tumbled on disappointment with the company's outlook.


 
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'No way out': Ukraine farmers lament collapse of grain deal

Vitaliy Bylenko looked ruefully at the mountains of grain in his barn, contemplating the growing obstacles to shifting the stockpiles after Russia this week exited a deal allowing Black Sea exports.

The cost-of-living crisis is driving 1 in 5 older Brits to live on credit

A recent report has highlighted how people 50 years of age and above are living on credit to make ends meet due to the cost-of-living crisis fueled by high inflation and energy bills.

Great British Nuclear could take the world away from Russian fuel and secure UK's energy future

The UK government launched the Great British Nuclear on July 18 to develop next-generation nuclear technology, which includes nuclear fuel that will reduce dependency on fossil fuels and provide an alternative to Russian fuel.

UK mid-market sees India as key growth opportunity amid ongoing FTA negotiations

Grant Thornton UK LLP's Business Outlook Tracker reveals that India is a growth opportunity for the UK mid-market as discussions for a UK-India FTA continue.

UK businesses can create nearly 2 million jobs through successful international expansion

A new report by Santander UK reveals that successful international expansion by UK businesses could create about 1.9 million jobs and boost Glasgow's economy by £735 million.

Amazon expands pay-by-palm service in US grocery stores

Customers shopping at Amazon's US-based Whole Foods grocery stores will be able to pay for items by hovering their palm over a scanner, much like shoppers already do with smartphones or credit cards.

EasyJet says to land record profits despite disruption

British airline EasyJet on Thursday said it expected record pre-tax profits during the current peak summer season despite strike action by air traffic controllers and other disruptions.

Samsung set to make Tesla's fifth-generation HW 5.0 auto chip

Samsung's Lee Jay-Yong met Elon Musk in May to discuss ways to strengthen the Korean brand's partnership with Tesla.

Meta teams up with Microsoft to unveil its latest AI model Llama 2

Llama is an alternative to pricy proprietary models offered by OpenAI and Google, and it is on par with ChatGPT and Bard.

UK Foreign Office issues urgent travel advisory for tourists heading to Spain, Greece

The peak summer travel season is currently ongoing across Europe.

US fears mistreatment of American soldier held by N.Korea

The United States fears an American soldier held by North Korea may be mistreated by Pyongyang, which has yet to respond to inquiries about his fate, officials said Thursday.

Improvements made to high-quality healthcare for people in the workplace

Following several NHS strikes, the government have invested more than £1 billion in Occupational Health services to avoid further economic inactivity among employees.

Young women seeking mental health help in the UK labelled 'dramatic'

Women seeking mental health help were told their issues could be hormonal while or that they were simply "overthinking things".

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