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Why are bond yields rising and how does it affect me?
The government’s ability to play with the public finances is limited by the so-called fiscal rules it has set for itself. So, if it needs more money to pay back higher borrowing costs, it has less to spend on other things (under its self-imposed rules). The possibility now looms of less support for households struggling…
Firms will hesitate to invest in US after raid – South Korea president
South Korean companies will be “very hesitant” about investing in the US following a massive immigration raid at a Hyundai plant in the state of Georgia last week, President Lee Jae-myung has said. More than 300 South Koreans who were arrested in the raid are due to return home on Friday. Their departure had been…
MPs and Lords call for new law to address AI threat to human rights
In a summary of its 100-page report, external, the JCHR points out that AI has been responsible for numerous abuses of human rights. It cites as examples the use of AI to create sexualised images of women and girls and scanning people’s faces without their consent. The JCHR advocates the creation of a “single, independent…
