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What the interest rates cut means for mortgages, pensions and savings
Posted onRachel Clun Business reporter, BBC News Getty Images Changes to the Bank of England’s base rate can affect mortgage and savings rates The Bank of England has cut UK interest rates from 4.25% to 4%, the lowest level since March 2023. The Bank of England interest rate can affect mortgage rates and interest rates on…
Wegovy pill approved by US FDA for weight loss
Posted onThe US Food and Drug Administration (FDA) has approved a pill version of the weight-loss drug Wegovy, according to pharmaceutical giant Novo Nordisk. It is the first pill of its kind to receive approval from the regulator, marking a new era for weight-loss drugs. Wegovy’s Danish makers Novo Nordisk said the once-daily pill was a…
Molly Tea: Backlash after firm ordered to pay Louis Vuitton $1.5m
Posted onPopular Chinese tea chain Molly Tea has been ordered to pay 10.3m yuan (£1.1m; $1.5m) in damages after a court ruled that its logo infringed a Louis Vuitton trademark, fuelling an online debate over copyright protection. Chinese media reported last week that a court in the eastern Jiangsu province ruled that the Shenzhen-based tea company…
Comac: The Chinese planemaker taking on Boeing and Airbus
Posted on“In the future we welcome all newcomers. We are keen to see more competition. Comac has got its certification process to go through and at some point in the 2030s, we see that it will be an offering that would be attractive to ourselves and other carriers,” Mike Szucs, chief executive of low-cost Philippines carrier…
School meals price increase will acutely affect children in poverty
Posted onFiona Murrayand Barry O’Connor,BBC News NI BBC Chris Quinn has called for a “fundamental rethink” of school meal provisions School meal price increases will “acutely” affect children living in poverty who do not qualify for free school dinners, Northern Ireland’s Commissioner for Children and Young People has said. Chris Quinn has called for a “fundamental…
Vicious circle of costs fuelling crisis, says Northampton trader
Posted onWhile Philip Weston, a farmer from Hartwell, Northamptonshire, warned of further protests by farmers saying “The government is not doing enough to help us . If the cost of fertiliser doesn’t come down we are seriously looking at drawing back on arable crop production.”
