Microsoft co-founder and philanthropist Bill Gates has stated that artificial intelligence (AI) has the potential to accelerate innovation and aid in the fight against climate change. However, he also cautioned that the use of this technology must be in the hands of individuals with good
Labour leader Sir Keir Starmer’s efforts to rebuild the party’s relationship with British businesses has been a top priority in his mission to restore the party’s reputation. The private sector is crucial to their economic plan, as they rely on its growth to fund their
Welcome to the Money blog, your source for personal finance and consumer news and advice. We value your feedback on the topics we cover and invite you to share your thoughts in the comments section below.According to recent reports, approximately 400,000 homes in the UK
Tata Announces Earlier Closure of Port Talbot Steelworks Amid Strike PlansMultinational conglomerate Tata has announced an earlier closure date for its Port Talbot steelworks in response to planned strike action by Unite members. The company has now set the final closure date for July 7th,
Millions of households in the UK are set to experience an increase in their mortgage repayments over the next two years, according to the Bank of England. The financial policy committee has predicted that around 400,000 homes could see “very large increases” of more than
Harrow, London – With the General Election just a week away, housing has become a critical issue for voters. Independent mortgage broker Mortgage Quest Ltd has conducted a thorough analysis of the housing policies put forth by the main English parties, and their potential impact
Economists from Capital Economics predict that Labour could benefit from a £16 billion spending boost if it wins the upcoming General Election, thanks to updated forecasts from the Office for Budget Responsibility (OBR). This potential fiscal headroom is nearly double the £8.9 billion announced in the
Labour has announced plans to prevent parents from pre-paying private school fees in an attempt to dodge the forthcoming VAT increase if the party wins the general election on July 4. Senior Labour sources confirmed to The Telegraph that anti-forestalling legislation will be introduced to stop
Workers unload vegetables at a street market in Manila. The Philippine central bank lowered its average baseline inflation forecast for 2024 to 3.3% from 3.5% previously. — REUTERSBy Luisa Maria Jacinta C. Jocson, ReporterTHE BANGKO SENTRAL ng Pilipinas (BSP) kept interest rates steady for a
BW FILE PHOTOTHE NATIONAL Government’s (NG) budget deficit widened in May as spending growth outpaced revenues, the Bureau of the Treasury (BTr) said.The NG’s budget gap ballooned by 43.1% to P174.9 billion in May from P122.2 billion in the same month a year ago.Month on
GRANULATED WHITE SUGAR and sugar cubes are seen in this picture illustration taken on Dec. 16, 2018. — REUTERSBy Adrian H. Halili, ReporterTHE Department of Agriculture (DA) said it is planning to allow imports of around 200,000 metric tons (MT) of refined sugar to fill
A ferry passes through Pasig River at sunset in Manila, Philippines, July 6, 2023. — REUTERSECONOMIC MANAGERS on Thursday retained their growth targets for this year until 2028 despite external headwinds.The Development Budget Coordination Committee (DBCC), which sets official macroeconomic assumptions and fiscal program, maintained