Newsletter Aug 17, 2023

UK annual inflation drops to 15-month low

Britain's annual inflation rate dropped sharply in July to a 15-month low, official data revealed Wednesday, off the back of lower energy prices and in line with economists' expectations.

US stocks drop as treasury bond yields hit multi-year peaks

Wall Street stocks fell Wednesday as US Treasury bond yields surged to multi-year peaks, while the pound rallied following British inflation data.

UK commits multi-million-pound investment to AI in attempt to reduce carbon emission

The UK government's visionary multi-million-pound investment in Artificial Intelligence (AI) aims to revolutionise sustainable industries and carbon emission reduction.

G20 Health Ministers' meeting sees Britain pledge £210 million to tackle AMR

The UK pledges £210 million for the global AMR fight at G20, with the investment aimed to be used to upgrade labs, train workforce, and improve genome sequencing.

UK lagging in switch to green energy, study warns

The UK risks being left behind in the production of "green" electricity, despite having once being considered a leader in the energy transition, according to a new study.

Children, pregnant woman among latest UK 'small boats' arrivals

Scores of migrants, many of them children and a pregnant woman, arrived in small boats on England's south coast on Wednesday, undeterred by the dangerous Channel crossing from France which claimed at least six lives over the weekend.

Over 60 dead in migrant boat sinking off Cape Verde: UN agency

More than 60 people are believed to have died after a migrant boat from Senegal was found off West Africa's Cape Verde islands, the International Organization for Migration (IOM) said Wednesday.

Glitch causes chaos as Bank of Ireland customers withdraw cash exceeding balances

Bank of Ireland's glitch allowed customers to withdraw cash exceeding their balances, causing chaos and police presence at ATMs around Ireland and leaving individuals unable to access their online banking services.

UK SMEs secure record-breaking £21 billion in government contracts

Recent data reveals UK SMEs received £21 billion worth of government contracts in the fiscal year 2021/22, translating to an average of approximately £3,800 for every British small business.

China's Tencent reports jump in Q2 income, misses revenue expectations

Chinese internet giant Tencent announced on Wednesday a 41 percent year-on-year jump in second-quarter net income, but missed analyst forecasts for revenue.

Study finds no evidence that Facebook is linked to psychological harm

In the largest scientific study ever conducted, Oxford researchers have found no evidence that points to Facebook being linked to worldwide psychological harm.

Microsoft acknowledges complaints about the waning quality of Bing Chat AI

Microsoft officials claim the company is actively monitoring the feedback and will make changes to improve Bing Chat AI.

Elon Musk only 'joking' about cage fight with Mark Zuckerberg

Mark Zuckerberg asked Elon Musk to send him the location after sharing the screenshot of Musk's tweet where he had first challenged the Meta owner.

What you need to know about TiPJAR and Elon Musk's X intellectual property rights battle

Insights from UK-based tipping company TiPJAR's legal battle against Elon Musk's X reveal critical aspects of intellectual property rights.

Neymar transfer to Al-Hilal worth £235 million

The Brazilian still holds the world record transfer fee of 222 million euros.