‘Embarrassingly behind’: Is Canada doing enough on semiconductors?
Semiconductors are needed in almost all modern technology. Currently, about 90 per cent of leading-edge semiconductor chips are manufactured in Taiwan.
money
Two and five-year fixed-rate mortgages in UK at highest level for seven months
Data from Moneyfacts shows average cost of two-year deal now at 6.23%, with five-year at 5.86%The average price of two- and five-year fixed-rate mortgages in the UK has hit its highest level for seven months, putting further pressure on borrowers who a…
‘Hypoallergenic’ items sold at Superdrug and Boots fail allergy test
One in three products including shampoos, deodorants and wet wipes found to contain skin allergensMore than a third of personal care products, such as shampoos and body washes, marketed as hypoallergenic at Boots and Superdrug have been found to contai…
Jeremy Hunt to ask UK regulators to investigate firms exploiting price rises
Chancellor to meet watchdogs to discuss claims that company profiteering is stoking inflationBusiness live: Primark-owner lifts profit forecast after price risesJeremy Hunt will ask industry regulators what they are doing about any companies exploiting…
UK drivers complain as car insurance renewal costs rise up to 70%
Latest financial pain in cost of living crisis comes from steep price increases for motor coverCar insurance is the latest household bill to go through the roof, with angry motorists complaining that prices are shooting up by as much as 70% when their …
Young adults pay heaviest price for Britain’s exploding mortgage timebomb | Richard Partington
Rising interest rates expose widening generational gulf, with millennials facing large increases in monthly paymentsAvoid avocado toast. Ditch the flat white. And turn your back on the lure of Instagrammable holidays. Over the past decade, millennials …
The IMF is Working on a Global Central Bank Digital Currency Platform
Reuters reports:
The International Monetary Fund (IMF) is working on a platform for central bank digital currencies (CDBCs) to enable transactions between countries, IMF Managing Director Kristalina Georgieva said on Monday.
“CBDCs should not be fragm…
‘We’re kicking ourselves that we didn’t do a five-year mortgage fix in 2021’
Anguished families talk about how the Bank of England’s 13th consecutive interest hike is affecting them – and their fears for the futureLiam, 36, a senior IT manager and married father-of-one from Newcastle upon Tyne, is one of millions of homeowners …
From Brexit to Beyoncé: why UK inflation is still so painfully high
The cost of living is falling in Europe and the US but is still rising in Britain. We look at the major culpritsThe Bank of England has struggled to understand why inflation remains high in the UK. It has fallen in France, Germany, the US and especiall…
UK mortgage rate crisis driving record rent squeeze as landlords pass higher costs on to tenants
Homelessness charity says hundreds of thousands of people could be left unable to cover their rent and at risk of losing homesBusiness live – latest updatesMillions of renters across the UK are being squeezed by landlords passing on higher mortgage cos…