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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…
Victims of romance fraud tricked out of £106m last year
BBC Varun lost his entire life savings after he was a victim of romance fraud on a dating app Romance fraud, a growing crime that targets both the heart and the pocket, saw an estimated £106m lost by UK victims in the past financial year. One of those who lost money and a romance was…
Elon Musks Grok AI image editing limited to paid users after deepfakes
Elon Musk’s platform X has limited image editing with its AI tool Grok to paying users, after it came under fire for allowing people to make sexualised deepfakes. There has been a significant backlash after the chatbot honoured requests from users to digitally alter images of other people by undressing them without their consent. But…
Trump: 50% tariffs response to Canadas treatment of US farmers
US President Donald Trump has imposed a 50% tariff on a wide range of goods imported from Canada, in retaliation for what he called “unequal treatment” of US cars, dairy and alcohol. On Tuesday, he said the tariffs are a response to how Canada has treated US farmers. The White House said the duties would…
Private jets: How plane makers are chasing Asias super-rich
“Here in Asia, and especially South East Asia, we’re particularly busy right now. Our market share is growing. We’re delivering more airplanes into the region… we’re very busy in Vietnam. In Singapore, Indonesia, Malaysia, Australia, New Zealand,” Scott Neal of Gulfstream said.
Canada and US say they are finalising a trade deal, but details remain murky
Canada and the US are finalising a highly anticipated trade deal, with President Donald Trump and Prime Minister Mark Carney touting it as a success. Trump said the proposed deal will be welcome by US farmers and manufacturers, while Carney said it will secure “the best terms” for Canada’s strategic sectors and provide certainty on…
