Average long-term US mortgage rate comes back down this week
After two straight weekly increases, the average long-term U.S. mortgage rate came back down again this week but remains a significant hurdle for many prospective homebuyers.
Business
Mexico in talks with mining companies about lithium
Mexico’s president says the government is in talks to persuade companies that have started lithium mining projects in Mexico to give up their plans.
Activist who ran for Belarusian presidency in 2020 detained
A human rights group says an opposition politician who ran against authoritarian Belarusian President Alexander Lukashenko has been arrested in Minsk.
Sam Bankman-Fried claims ‘I didn’t steal funds’ in first response to FTX case
Disgraced cryptocurrency boss says FTX customers could get their money back in statement published on Substack“I didn’t steal funds, and I certainly didn’t stash billions away,” the disgraced cryptocurrency boss Sam Bankman-Fried claimed on Thursday in…
With PC Sales Down, Laptop Makers Turn To Services
The PC market is in rough waters, and it was for much of last year. Every PC maker except Apple saw year-over-year decline. Laptop sales are said to have suffered the most. From a report: This all made for a somewhat uncertain backdrop heading into CES…
UK rail strikes: unions agree to work with operators towards revised pay offer
RMT and TSSA meet Rail Delivery Group in effort to break deadlock over jobs and conditionsRail and ambulance strikes: when is industrial action planned?Union leaders have agreed to work jointly with train operating companies on a revised pay offer foll…
Liberty Steel plans to cut 440 jobs in UK and reduce production
Union condemns Gupta group ‘switch from substantial investment’ to idling plant and curbing outputLiberty Steel has announced plans to cut 440 jobs and suspend manufacturing at its plant in south Wales, in a sign of difficulties in Sanjeev Gupta’s meta…
Bulgaria seeks to change EU-funded recovery plan over coal
Bulgaria’s Parliament is demanding that the country’s government renegotiate the energy part of an EU-funded post-pandemic recovery plan, to save the country’s coal-fired power plants from closure.
Disney faces proxy fight as Peltz pushes to join board
Activist investor Nelson Peltz is fighting for a seat on the board of Walt Disney Co., claiming that the theme park and media company is struggling with self-inflicted problems.
‘Billionaire biffo’ shines light on hugely ambitious $30bn solar project
The row between Mike Cannon-Brookes and Andrew Forrest over Sun Cable reveals the technical, economic and even geopolitical hurdles to completionGet our morning and afternoon news emails, free app or daily news podcastBehind the “billionaire biffo” bet…