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26/09/2022 19:33:12  

The British pound on Monday briefly hit a record low against the dollar, extending losses after Britain's new government on Friday announced a sweeping economic overhaul centered around tax cuts and deregulation. Citibank called the move a "huge, unfunded gamble for the U.K. economy." From a report: The pound slumped as low at $1.035 on Monday, breaking the 1985 record, and although it bounced up from those depths it remains down about 19 percent this year. The pound has also fallen against the euro, although not by as much. In other markets, yields on British government bonds hit multiyear highs, meaning that borrowing costs are rising steeply as the government prepares to issue more debt to pay for subsidies on energy bills and other policies. What does the weaker pound mean for the British economy? The drop in the pound poses concerns, since a weaker currency makes imports more expensive. It also makes it more expensive for Britons to travel abroad, since their money doesn't go as far as it did before. British companies, many of which rely on materials imported from other countries, may raise prices to compensate for their higher costs -- putting pressure on inflation, which is already running near 40-year highs. [...] People and companies abroad buying goods and services from Britain could benefit from cheaper prices. And businesses in Britain that generate revenue elsewhere will earn more when that money is converted back into pounds. For Americans and others spending dollars or euros while traveling to Britain, their trips will be more affordable than they would have been even a few months ago. Further reading: Fed official warns UK tax cuts increase risk of global recession.

Read more of this story at Slashdot.

26/09/2022 19:32:54  

Kwasi’s announced another fiscal event for the 23 November, focussing on setting out a “Medium Term Fiscal Plan”

“The Fiscal Plan will set out further details on the government’s fiscal rules, including ensuring that debt falls as a share of GDP in the medium-term.”

[…] Read the rest
26/09/2022 19:32:53  

GB News’ Becca Hutson is stepping down as the channel’s Head of Digital. In an email sent to staff over the weekend, GB News CEO Angelos Frangopoulos announced Hutson is leaving in October, having first joined the channel as its sixth ever employee:

“Dear All,

I’m writing to let you know that our wonderful Head of Digital Becca Hutson is leaving GB News.

[…] Read the rest
26/09/2022 19:32:53  

Along with every other aspect of British life grinding to a halt following the death of the Queen, on 12 September IPSA announced it was delaying publication of MP business cost data out of respect to Her Majesty. It’s what she would have wanted…

Exactly two weeks on from its announcement, and a week on from the end of national mourning, IPSA is not only yet to publish the figures, it’s yet to announce a new date on which they will do so. […] Read the rest

26/09/2022 19:30:35  
26/09/2022 19:30:07  

Trainee nurses, pharmacists and doctors at a Ugandan hospital fear their lives are being put at risk.
26/09/2022 19:30:00  

55 Tufton Street has hosted organisations that have had a big political impact over the last decade.
26/09/2022 19:30:00  

Celia Marsh's family express their anger that she died from a dairy-contaminated Pret a Manger wrap.
26/09/2022 18:33:13  

New submitter nunya_bizns writes: President Vladimir Putin on Monday granted Russian citizenship to former U.S. intelligence contractor Edward Snowden, nine years after he exposed the scale of secret surveillance operations by the National Security Agency (NSA). Snowden, 39, fled the United States and was given asylum in Russia after leaking secret files in 2013 that revealed vast domestic and international surveillance operations carried out by the NSA, where he worked. U.S. authorities have for years wanted him returned to the United States to face a criminal trial on espionage charges.

Read more of this story at Slashdot.

26/09/2022 18:33:12  

Most mission scientists would wince at the thought of their spacecraft being smashed to smithereens. But for those behind Nasa's Dart probe, anything short of total destruction will be chalked up as a failure. From a report: The $330m spacecraft is due to slam head-on into an asteroid about 11m kilometres above the Indian Ocean soon after midnight on Monday. The impact, at nearly seven kilometres a second, will obliterate the half-tonne probe, all in the name of planetary defence. Not that Dimorphos, the asteroid in question, poses any threat to humanity. The Dart, or double asteroid redirection test, is an experiment, the first mission ever to assess whether asteroids can be deflected should one ever be found on a collision course with Earth. A well-placed nudge could avert Armageddon, or so the thinking goes, and spare humans the same fate as the dinosaurs. "It's a very complicated game of cosmic billiards," said Prof Alan Fitzsimmons, an astronomer and member of the Nasa Dart investigation team at Queen's University Belfast. "What we want to do is use as much energy [as we can] from Dart to move the asteroid." With telescopes constantly scanning the skies, scientists hope to have some notice if an asteroid were ever to present a major threat. "If we are able to see far enough in advance and know that an asteroid might be a problem, pushing it out of the way will be much safer than the big Hollywood idea of blowing it up," said Catriona McDonald, a PhD student at Warwick University. The Dart mission launched from Vandenberg space force base in November last year. On Monday night, mission controllers will hand control to Dart's software and let the probe steer itself into oblivion.

Read more of this story at Slashdot.

26/09/2022 18:32:01  
26/09/2022 18:30:36  
26/09/2022 18:30:35  
26/09/2022 18:30:07  

The battered city is a stumbling block in Russia's plan to take the Donbas, writes the BBC's Orla Guerin.
26/09/2022 18:30:07  

The former US intelligence contractor leaked a vast US intelligence surveillance programme in 2013.
26/09/2022 18:30:05  

Rosie Duffield feels 'safer' being back at the Labour conference this year but has not heard from her leader.
26/09/2022 18:30:03  

A motion calling for a proportional voting system passed but is not expected to become party policy.
26/09/2022 18:30:00  

The former dancer was arrested in Manchester after he was seen cutting across motorway traffic.
26/09/2022 18:30:00  

Actions of police in freeing a violent offender contributed to deaths of Caron Smyth and Finbar McGrillen.
26/09/2022 18:29:59  

Mr Dunn, 19, died in a crash outside a US air base in August 2019, leading to a diplomatic row.
26/09/2022 18:29:56  

The house in Liverpool, dubbed the House of Sin, was expected to fetch £250,000 at auction.
26/09/2022 17:33:08  

Walmart is making its first move into the metaverse. Starting Monday, the retailer will unveil two immersive experiences on Roblox's virtual platform. Walmart Land will feature fashion, beauty and entertainment items, while Walmart's Universe of Play will showcase toys, the company announced. From a report: Walmart follows companies from Nike to VF in a bid to get consumers' attention via virtual universes, where elements of video conferencing, gaming, social media and e-commerce blend together. Roblox has a community of more than 52 million daily users, and many of them are younger people, who are particularly valuable targets for corporate powerhouses. "This is the first major initiative that we have in the metaverse," William White, Walmart's chief marketing officer, said in an interview. "This is another step for us in reaching our customers in unexpected ways." Walmart Land will offer a virtual store where Roblox users can use badges and coins earned on the platform to buy merchandise for their avatars. There will also be a "physics-defying Ferris wheel" that provides a bird's-eye view of the virtual world, plus unlockable tokens and badges that can be earned in games and competitions.

Read more of this story at Slashdot.

26/09/2022 17:33:08  

Deutsche Telekom, Orange, Telefonica and 13 other European telecoms providers on Monday made their strongest push for Big Tech to share network costs, citing the energy crisis and EU climate change goals. From a report: The call comes as the European Commission prepares to seek feedback from both sides before making a legislative proposal that could force tech companies to help pay for the roll-out of 5G and fibre cables across the 27-country European Union. The sector which invests some 50 billion euros ($48.5 billion) annually in infrastructure, needs more funding and urgently, the chief executives of the companies said in a statement. "Costs of planning and construction works are increasing. Prices for fibre optic cables, for example, have almost doubled in the first semester 2022. Similarly, the hikes in energy prices and in the prices of other inputs are also hitting the connectivity sector," they said. "Timely action is a must: Europe missed out on many of the opportunities offered by the consumer internet. It must now swiftly build strength for the age of the metaverses," the CEO's said. Europe's telecoms operators argue that U.S. tech firms such as Alphabet's Google, Meta and Netflix account for more than half of internet traffic and should bear some of the cost of upgrading infrastructure. Big Tech has rebuffed such requests, saying they are already investing in equipment and technologies to deliver content more efficiently.

Read more of this story at Slashdot.

26/09/2022 17:32:50  

In news that will surprise absolutely nobody, the BBC is promoting fashionable left-wing causes on social media, spending licence fee payers’ money on “promoted” articles covering the topics of the Don’t Pay campaign and “How to dress more sustainably“.[…] Read the rest

26/09/2022 17:30:33