The pandemic’s economic impact on the UK is still being felt four years later. A new job retention scheme, introduced to protect workers during lockdown, has cost £70 billion, with public debt soaring to nearly 110% of GDP. Economists say the government’s response accelerated a demographic shift, and that the large-scale interventions during Covid created … Read more
The Lone Star tick, a tiny insect usually found in the southeastern and south-central states, has expanded its range to cover areas as far west as Nebraska and as far north as Maine. According to a 2014 study, this is the first update on the tick’s movement since the 1940s. In 2019, the Centers for … Read more
The FT offers various subscription plans, including a one-time payment option. By signing up, users can gain access to exclusive features such as personalized news and market updates. For €69 per month, customers receive full digital access to quality FT journalism on any device. This includes coverage of top news stories from the Financial Times … Read more
The IRS has fired nearly 7,000 probationary employees, claiming they were let go due to poor performance. However, an email from a top lawyer at the IRS warns that using “performance-related language” in termination letters is “a false statement” and amounts to “fraud”. The emails reveal that senior officials ignored warnings about this issue. Senior … Read more
Researchers from Curtin University in Australia have discovered what they believe to be the oldest known impact crater on Earth, located in the Pilbara Craton region of Western Australia. The discovery, published in Nature Communications, is a significant find that sheds new light on the early history of our planet. The impact crater, estimated to … Read more
Commerce Secretary Howard Lutnick has sparked controversy by promoting Elon Musk’s Tesla company, citing “unbelievably cheap” stock prices as a buying opportunity. The comments came after Lutnick appeared on Jesse Watters’ show, saying, “If you want to learn something on this show tonight, buy Tesla.” Lutnick also stated that Tesla’s stock price will never be … Read more
Google has acquired cloud security startup Wiz for a whopping $32 billion, marking one of its largest ever deals. The acquisition, which is now on again after being off earlier, is expected to bring significant financial gains for investors. Sequoia Capital takes home the prize as the venture capitalist (VC) with the largest payout share … Read more
US stock indices snapped a four-week losing streak on Friday, but uncertainty over trade policy and a Federal Reserve update left investors with another volatile week. The Dow Jones Industrial Average rose 31 points, or 0.1%, the S&P 500 index added 0.04%, and the NASDAQ Composite added 0.5%. President Donald Trump stated that there would … Read more
The US Justice Department has moved to shield President Donald Trump from civil lawsuits by police and Democratic lawmakers seeking monetary damages for the violence during the January 6, 2021, attack on the US Capitol. The department’s lawyers have asked a court to replace Trump with the US government as defendants in certain claims, citing … Read more
Apple is facing a series of challenges that may signal its entry into a period of decline, reminiscent of Microsoft’s Windows Vista era. Recent events include SoftBank’s $6.5 billion acquisition of chip designer Ampere, Nvidia’s decision not to invest in Intel’s survival, and the launch of OpenAI’s expensive AI model, o1-pro. Additionally, Apple TV+ is … Read more