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Bessent says Argentina peso bet was homerun deal
US Treasury Secretary Scott Bessent said his risky US gamble on Argentina’s currency has paid off. Bessent said American financial support had been repaid and the US no longer held any Argentine pesos in its exchange stabilisation fund. The US had purchased the then-plunging currency last year in an effort to stave off further turmoil…
Pinterest boss says he thinks about Molly Russell every day
The boss of Pinterest has told the BBC the death of Molly Russell is a daily reminder of the urgent need to make social media safer for young people. The app – which functions like a digital notice board – hit the headlines when the 14-year-old, from Harrow, in northwest London, took her own life…
What’s behind Rachel Reeves’s hokey cokey on income tax rises?
After weeks of wondering will she, won’t she, and recent heavy hints that she would indeed raise income taxes in the Budget, Chancellor Rachel Reeves has now decided against the manifesto-breaching move. Amid the fog of Budget speculation, here is what we do know. That plan, to raise income tax rates by 2p but compensate…
TikTok apologises after thousands of US users report app issues
Liv McMahonTechnology reporter Getty Images TikTok’s new US owner has apologised to users for “disruption” after thousands reported issues affecting the video-sharing app. Platform outage monitor Downdetector said it has seen more than 600,000 reports of glitches from US TikTok users over the weekend. Problems flagged by people include videos appearing repeatedly on “For You”…
How a prolonged Middle East conflict could reshape how we fly
It is worth mentioning that the future of the Gulf model has been questioned in the past, not least during the Covid pandemic, when some experts suggested carriers reliant on long-haul routes and transit traffic, using fleets of large aircraft, were not agile enough to respond to changing circumstances. In reality, the recovery was rapid,…
