Money Moves

One in four driving tests conducted in Great Britain are now taken in automatic cars, according to recent data from the Driver and Vehicle Standards Agency (DVSA). Last year, approximately 470,000 out of 1.8 million driving tests in England, Scotland, and Wales involved automatic vehicles. This trend seems to correlate with an increasing preference for […]

The Federal Reserve is expected to announce a 0.25 percentage point cut to its key lending rate, lowering it to a target range of 4% to 4.25%. This will mark the first reduction since December 2022. The decision comes amid discussions of economic challenges, particularly concerns regarding a stagnating job market. A rate cut is

Microsoft has announced a $30 billion (£22 billion) investment in the UK’s artificial intelligence (AI) sector, marking its largest investment outside the United States. This initiative is part of a broader $31 billion agreement involving other major tech firms such as Nvidia and Google, aimed at enhancing AI infrastructure in the UK primarily through data

A proposed agreement to eliminate tariffs on UK steel exports to the United States has been placed on indefinite hold, according to the BBC. Currently, a 25% tariff applies to UK steel exports to the US, which account for 6% of the total UK steel export volume and 9% of its export value. A government

The National Highway Traffic Safety Administration (NHTSA) has initiated an investigation into Tesla’s electric door handles, which have reportedly malfunctioned, leading to instances where children became trapped inside the vehicles. This inquiry follows nine complaints concerning the handles in Tesla’s 2021 Model Y, a prominent model for the company. In four reported incidents, car owners

Sky has announced plans to eliminate 600 jobs in the UK as part of a strategic shift towards enhancing its streaming services. This decision is part of a broader consultation affecting a total of 900 roles, with the expectation that 600 positions will ultimately be eliminated. Approximately two-thirds of the job losses are anticipated to

Inflation in the United States has been a growing concern, with disparities becoming more apparent between higher and lower-income individuals. Recent government data indicates that businesses are beginning to pass on rising costs linked to President Donald Trump’s import tariffs to consumers. Despite inflation remaining below its peak, debates continue regarding whether these tariffs will

Ceramics manufacturer Wedgwood will halt operations at its Barlaston factory in Staffordshire for 90 days starting 29 September. This pause will affect about 70 employees who will be placed on temporary leave, as confirmed by the factory’s owner, Fiskars Group. The shutdown is intended to manage elevated inventory levels stemming from decreased consumer demand in

Approximately nine million pensioners will qualify for the winter fuel payment in 2025, following a government decision to amend eligibility criteria. Initially, a July 2024 decision restricted payments solely to those receiving pension credit or other means-tested benefits, causing over nine million pensioners to miss out. The revised rules will allow about 75% of pensioners

A federal appeals court has determined that U.S. President Donald Trump does not have the authority to remove Federal Reserve governor Lisa Cook from her position. The 2-1 ruling was issued on Monday, allowing Cook to participate in the upcoming Federal Reserve policy meeting where a decision to cut U.S. interest rates is anticipated. In