Banks, airlines, railways and media outlets hit by global outage linked to Windows PCs Businesses including banks, airlines, railways, telecommunications companies, TV and radio broadcasters, and supermarkets have been taken offline after blue screen of death error screens were seen on Windows workstations across the globe. Users on the subreddit for cyber security firm Crowdstrike...
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Lab-grown meat in pet food: UK to allow sales of Meatly product
23 hours ago By Harrison Jones, BBC News Getty Images Cultivated chicken is expected to soon be found in UK pet food (file picture) The UK has become the first European country to approve putting lab-grown meat in pet food. Regulators cleared the use of chicken cultivated from animal cells, which lab meat company Meatly is planning...
Labour to launch state-owned Great British Energy in £8.3bn market intervention
Labour is pushing ahead with plans to launch a state-owned energy company backed up with £8.3bn of taxpayer funds, in one of the biggest market interventions for decades. In the King’s Speech, Sir Keir Starmer’s new Government confirmed that Great British Energy will develop, own and operate energy projects such as wind farms, using public...
Unions hail UK’s rail renationalisation bills as a return to ‘public service’
Rail unions have said Britain’s trains will be “run as a public service, not for private profit”, as the new government announced early steps to renationalise the railways in the king’s speech. Labour will renationalise rail with two separate bills, decoupling laws to take train services into public ownership from more complex legislation to set...
Hopes of August rate cut fall after UK inflation stays at 2%
The chances of an August interest rate cut have taken a blow after a sharp jump in hotel prices meant progress in the UK’s fight against inflation stalled last month. A near 9% jump in the cost of a hotel room – blamed by some analysts on a “Taylor Swift effect” – offset the impact...
Inflation rate remains at Bank of England’s 2% target rate
There has been no change to the rate of inflation which remained at 2%, the target rate for the Bank of England, according to official figures. It means prices in June rose at the same rate as in May, data from the Office for National Statistics showed. Money latest: Number of people claiming non-dom status...
Trump’s Vice President says ‘UK is an Islamist country’ that has ‘a nuclear weapon’ – London Business News | Londonlovesbusiness.com
Donald Trump’s Vice President JD Vance has said that the UK is an “Islamist country” that will “get a nuclear weapon” because Labour won the general election. This month Vance said he sees the UK as the “first truly Islamist country that will get a nuclear weapon.” Trump said that if he is voted in...
Falling inflation, football and fake tan fuel UK retail spending
Falling inflation, football fans and fake tan drove supermarket shopping in recent weeks, when improving consumer confidence and excitement around the men’s Euros tournament were only slightly dampened by wet weather. Sales at supermarkets increased by 2.2% year on year over the four weeks to 7 July, with football fans driving up purchases of beers,...
UK economy to grow faster than expected but short of Labour pledge, IMF says
The International Monetary Fund has confirmed that it is expecting the UK economy to grow faster than previously expected this year. The Washington-based fund, which was predicting only last October the UK would be the slowest of all the G7 nations this year, now expects it to be firmly in the middle of the pack....
Former NATO chief warns UK over ‘deadly quartet’ – London Business News | Londonlovesbusiness.com
The former NATO chief Lord Robertson of Port Ellen who is the head of the new major defence review has warned the UK of the “deadly quartet.” He warned that Iran, Russia, China and North Korea are “increasingly working together” as we are now living in a more “dangerous and volatile world.” Lord Robertson said:...
Cineworld kicks off talks with landlords about closure plan
Cineworld has opened talks with some of Britain’s biggest commercial landlords about its plans to axe up to a quarter of its British cinema estate. Sky News understands that property owners including Landsec and Legal & General, which between them own about 30 Cineworld multiplexes, are engaged in active discussions with the company about a...
University Viking study finds ‘plough was mightier than the sword’ – Aberdeen Business News
VIKINGS in the far north of Scotland prospered through handing in their swords and swapping raiding for farming and fishing, a new study has found. Research by a team of University of Aberdeen archaeologists has shown that despite their reputation as brutal plunderers, Viking settlers in Orkney found that ‘the plough was mightier than the...