Newsletter Feb 16, 2024

UK Economy Slides Into Recession Ahead Of Election

Britain is in recession, official data showed Thursday, dealing another blow to embattled Prime Minister Rishi Sunak, whose Conservative party is forecast to lose a general election expected this year.

IEA Warns On Plummeting Oil Stocks

The International Energy Agency warned Thursday of plummeting oil stocks even as global growth in demand loses momentum.

Bitcoin's Renewed Euphoria As Price Keeps Rising

Bitcoin is forecast to keep on rising after hitting fresh two-year highs above $50,000 on Thursday, leaving analysts to wonder whether investors have moved on from recent cryptocurrency setbacks, including scandals.

Israeli Army Says Bodies Of Hostages Likely Held In Gaza Hospital

The Israeli army alleged on Thursday that bodies of hostages could be held at a hospital in southern Gaza, after troops raided the facility which medics say has been "besieged" for a month.

Potential Tea Shortages Loom Amid Trade Route Disruptions

Sainsbury's, a major retail player, has informed customers about potential disruptions that might impact the availability of black tea.

UK To Boost Trade in Africa With UK-Nigeria Economic Partnership

The UK signed its first economic partnership with an African country this week as it seeks to enhance trade relations with Nigeria, especially in the exports and imports of financial and legal services.

EU Provides Final Seal Of Approval For World's First Artificial Intelligence Laws

Negotiations on the final legal text began in June, but a fierce debate over how to regulate general-purpose AI threatened talks at the last minute.

ChatGPT's OpenAI Reveals Text-to-video Tool

OpenAI, the creator of ChatGPT and image generator DALL-E, said it was testing a text-to-video model called Sora that would allow users to create realistic videos with a simple prompt.

UK Invests £7.4 Million in Global Space Exploration Projects

The Space Science and Exploration Bilateral Programme will facilitate collaborations between British universities and international space agencies.

Ex-Twitter Engineer Blows The Whistle On Elon Musk's Chaotic Reign

A former Twitter engineer has accused Elon Musk of wrongly firing him based on false accusations that he leaked information about the social media site.

Russia Close To Creating Cancer Vaccine, Claims Vladimir Putin

Various forms of cancer continue to claim millions of lives globally every year.

Greece Legalises Same-sex Marriage, Adoption

Greece's parliament on Thursday overwhelmingly adopted a bill legalising same-sex marriage and adoption in a landmark reform promoted by the conservative government despite opposition from the powerful Orthodox Church.

Amazon Rainforest Could Reach Tipping Point By 2050 Due To Deforestation, Drought And Fires

The rainforest is referred to as the "lungs of the earth".

Witness the Awe-Inspiring Spectacle of a Tower Crane Seamlessly Assembling Itself

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