RBA Raises Interest Rates to 4.1% as Inflation Persists
The Reserve Bank of Australia has increased interest rates for the second consecutive time, warning that inflation will remain high longer due to Middle East tensions and soaring petrol prices.
Category : Business
RBA's Controversial Rate Hike Sparks Internal Division
The Reserve Bank of Australia's decision to raise interest rates during a global energy crisis has split its board, with concerns over inflation and Middle East conflict fallout.
Oil Prices Jump as Iran Hits UAE, Iraqi Production Sites
Brent crude climbs 3% after Iranian attacks on the Shah gasfield and other key energy infrastructure, disrupting exports and deepening the Middle East crisis.
Stressed AI Chatbot Claude: A Weapon Against Big Tech?
Anthropic's CEO reveals Claude AI shows signs of anxiety and sentience, sparking debate on whether conscious AI could expose big tech's harms and force accountability.
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14 Million UK Households Get Below-Average Energy Service
Citizens Advice reveals half of UK energy customers receive subpar service, with Ecotricity ranking top and TruEnergy bottom amid rising bills and Middle East conflict concerns.
Starbucks Shareholders Seek Board Ouster Over Union Stalemate
Starbucks shareholders are campaigning to remove board members Jørgen Vig Knudstorp and Beth Ford, citing stalled union negotiations and escalating labor disputes since 2021.
Alpine Divorce: Hiking Dates Turn Into Abandonment
Women report being left behind on trails by male partners in a phenomenon dubbed 'alpine divorce.' Experts link it to masculinity, poor communication, and outdoor culture's emphasis on endurance.
Close Brothers Cuts 600 Jobs, Boosts AI as Shares Plunge
Close Brothers banking group announces 600 job cuts and rapid AI rollout to cut costs, as shares tumble over a £300m provision for the UK motor finance scandal.
Warner Bros CEO Zaslav in Line for $700M Payout
Warner Bros Discovery CEO David Zaslav could receive up to $700 million from the Paramount acquisition, including severance and stock awards, amid studio success at the Oscars.
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Recession Fears Grow as Rates and Petrol Prices Hit Households
Australian borrowers confront a dual crisis with rising interest rates and petrol prices, stripping billions from budgets and heightening recession risks, as economists warn of further economic pain ahead.
Reeves Pumps £2.5 Billion into AI and Quantum Computing
Chancellor Rachel Reeves announces a massive £2.5 billion investment in artificial intelligence and quantum computing to stimulate UK economic growth and secure technological leadership.
Cyberpunk 2077 Spin-Off Announced as Arcade-Exclusive Game
CD Projekt licenses Cyberpunk 2077 for a new arcade cabinet game, Chrome Rush, bypassing consoles and PC. Fans await Cyberpunk 2 as spin-offs fill the gap.
Reeves AI Push Risks Outpacing Delivery, Industry Warns
Chancellor Rachel Reeves' ambitious AI adoption plan receives mixed industry response, with warnings about skills gaps, verification burdens, and structural challenges threatening real economic gains.
Sidcup Restaurant Wants Banned Worker Back, Police Object
The Greek Meze 2 in Sidcup applies to rehire an employee banned for alleged assault and misconduct, with police warning it could make women feel unsafe.
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Broadband Upgrade Checker for 1M+ Homes and Businesses
A new online tool allows residents and businesses to check eligibility for government-funded gigabit broadband upgrades, targeting over one million properties in rural areas.
BA Suspends Flights to UAE, Israel, Jordan, Qatar Until Summer
British Airways has suspended all flights to Dubai, Abu Dhabi, Doha, Tel Aviv, and Amman until at least May 31 due to escalating conflict in the Middle East, with some routes cancelled until October.
Fuel Price Breakdown: Government Tax and Conflict Impact
Petrol and diesel prices surge as Middle East conflict drives oil above $100 per barrel. Analysis reveals over 50% of fuel costs are government taxes, generating billions in revenue annually.
American Warns: Don't Be Fooled by March Sun in UK
An American living in London shares a viral warning about the deceptive spring weather in the UK, where sunny skies can hide freezing temperatures, leaving residents and visitors unprepared.
Switch 2 Boost Mode: A Game Changer for Handheld Play
Nintendo quietly introduces a groundbreaking boost mode for Switch 2, enhancing Switch 1 games in handheld mode with performance matching TV play, though with notable limitations.
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Nectar Mattress Sale: Up to 70% Off Bedding Bundles
Sleep brand Nectar is offering massive discounts on mattresses and bedding bundles, with savings up to 70%. Prices start from £199 for memory foam and hybrid options, ideal for upgrading your sleep setup.
Eurocamp £50 Discount on Travel-Inclusive Holidays
Eurocamp provides a £50 discount on travel-inclusive holidays across over 200 European parcs when booking with ferry travel before March 31, 2026.
Virgin Wines Eyes Gen-Z Market After Reporting Loss
Virgin Wines reports a £400k pre-tax loss but sees revenue growth, banking on Gen-Z consumers who are embracing wine as a cost-effective home option.
Nvidia DLSS 5 AI Graphics Tech Sparks Outrage Among Gamers
Nvidia's new DLSS 5 AI upscaling technology faces severe backlash from gamers who claim it degrades video game graphics, turning characters into uncanny AI-generated 'slop' instead of enhancing visual quality.
Starling Bank Seeks New Chair as Deloitte Veteran Steps Down
UK fintech Starling Bank is searching for a new chair after David Sproul announced he will step down later this year. Sproul joined Starling following a long career at Deloitte and guided the bank through leadership transitions.
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Easter Seaside Breaks for Families Under £150
Discover five affordable three-night family holidays at coastal resorts starting from £138 this Easter, offering beach access and park facilities without breaking the bank.
Boots £10 Tuesday: Spring Beauty Deals for Refresh
Discover Boots' limited-time £10 Tuesday beauty deals, featuring Gillette, Clinique, and Soap & Glory products perfect for a spring refresh. Shop now before stocks run out.
Fintech Rival Takes on HSBC, LSEG, and Euroclear in London
A new fintech startup is challenging established giants like HSBC, London Stock Exchange Group, and Euroclear, aiming to disrupt traditional financial services with innovative technology solutions.
BoE Should Wait on Rate Cuts, Shadow MPC Economists Say
Leading economists on City AM's Shadow Monetary Policy Committee recommend the Bank of England maintain interest rates at 3.75% due to Middle East conflict risks. The 7-2 vote highlights concerns over energy price volatility and inflation persistence.
Oaknorth Pushes Back Net Zero Goal as US Expansion Accelerates
UK fintech Oaknorth has postponed its net zero target by a decade to 2045, citing rapid US expansion and shifting priorities. The bank's lending volume tripled to $1.4bn, with 40% from US operations, while UK performance remains subdued.
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BA Adds Melbourne & Colombo Flights as UAE Services Resume
British Airways announces major winter 2026 expansion with new long-haul routes to Melbourne and Colombo, plus increased frequencies to multiple destinations, while resuming Abu Dhabi flights after Middle East disruptions.
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