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Why are bond yields rising and how does it affect me?
Posted onThe 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…
How South Korea’s K-beauty industry is being hit by Trump tariffs
Posted onOsmond Chia Business reporter, BBC News Getty Images Cars and smartphones may rank among South Korea’s biggest exports to the US, but few goods inspire a more devoted following than the Asian country’s beauty products. K-beauty – a term that covers a wide range of skincare, makeup and cosmetics from South Korea – is lauded…
Badenoch ‘worried’ UK may need IMF bailout
Posted onKemi Badenoch has said she is “really worried” that the UK might be forced to embark on a 1976-style bailout from the International Monetary Fund. The Conservative leader told BBC Newsnight that the UK could be forced to go “cap in hand” to the IMF unless the government delivers a plan for economic growth. She…
Watch: BBC explains closing arguments of the Musk-Altman trial
Posted onOver the past three weeks, Elon Musk and his lawyers have argued in a California federal court that Sam Altman – with whom he founded OpenAI – has swindled him out of millions of dollars and reneged on the ChatGPT-maker’s original non-profit mission. Musk and Altman themselves testified in a case in which the future…
Formula 1 tech used to improve train Wi-Fi on GWR
Posted onLaura CressTechnology reporter GWR Some of the Great Western Railway fleet will use a hybrid system including low earth orbit satellites in space to create a more-reliable wi-fi connection A new UK-first pilot scheme is aiming to create fast and more reliable train wi-fi, using technology originally developed for Formula 1 cars. It will see…
