Humza Yousaf was sworn in as Scotland’s first minister on Wednesday, becoming the first Muslim leader of a government in western Europe but already facing unrest in his party. At 37, Yousaf was also the youngest leader yet of the Scottish National Party (SNP), and was vowing to reinvigorate its flagging campaign for independence. But…
Tag: finance articles today
Martin Lewis urges mobile phone users to send two texts to cut costs ahead of April price hikes
Finance expert Martin Lewis has issued advice to all mobile phone users to help save money on bills before price hikes in April. The money-saving guru has warned that average phone costs are due to go up by as much as 17 per cent, and can hit even those who are in the middle of…
Qatar’s ex-finance minister to face trial
March 19 (Reuters) – Qatar’s former finance minister Ali Sherif al-Emadi will face a criminal trial, the state news agency said Sunday, following his 2021 arrest over embezzlement allegations. Emadi will face trial, with an unspecified number of others, over charges of bribery, abuse of position and power, damage to public funds and money laundering,…
Are banks on the edge of another 2008-style precipice?
Northern Rock, Bear Stearns, Countrywide Financial and Alliance & Leicester. Back in late 2007 and early 2008, when they all failed or were rescued, none of the above was systemically important. And few observers would have predicted the nightmarish crisis that was to strike within the year, felling behemoths from Wall Street’s venerable Lehman Brothers…
BBC chief refuses to quit despite the chaos sparked by Lineker’s removal
Britain’s finance minister on Sunday said “people’s confidence” in the BBC needed to be restored as the broadcaster’s boss vowed not to quit amid the chaos surrounding Gary Lineker’s removal as Match of the Day host. Lineker was forced to “step back” from his duties presenting the flagship Premier League highlights show after accusing the…
Lessons from finance’s experience with artificial intelligence
Who are the earliest adopters of new technologies? Cutting-edge stuff tends to be expensive, meaning the answer is often extremely rich. Early adopters also tend to be incentivized by cut-throat competition to look beyond the status quo. As such, there may be no group more likely to pick up new tools than the uber-rich and…
US Life Span Falling Behind Our Peer Countries
March 6, 2023 ยท 7:29 AM From NPR: The average life expectancy for Americans is shortened by over seven months [in 2021]according to new data from the Centers for Disease Control and Prevention. That decrease follows an already big decline of 1.8 years in 2020. As a result, the expected life span of someone born…
Australia removes Chinese-made cameras from politicians’ offices
Australian officials said Tuesday dozens of Chinese-made security cameras would be ripped out of politicians’ offices, days after the country’s defense minister announced his department would remove the devices from its buildings due to security concerns. At least 913 Chinese-made security cameras have been installed across more than 250 Australian government buildings, including the Department…