[LINKS]: Links of the week

See all the links and our weekly headline roundup here.

  1. Shift to Hybrid Work Spurs UK Firms to Open Suburban Offices
    • Many UK businesses are establishing offices outside city centers to accommodate the rise of hybrid work arrangements. Read more
  2. Minimum Knowledge Standards Proposed for Irish Credit Union Workers
    • The Central Bank of Ireland is introducing minimum knowledge and competence standards for credit union staff, particularly those involved in lending and deposits. Read more
  3. France and UK Engage in Intense AI Race
    • France and the UK are ramping up their efforts to lead in artificial intelligence development. Read more
  4. AI Adoption Lagging Among UK Businesses
    • A significant portion of UK companies, particularly customer-facing businesses, have no plans to implement AI technologies. Read more
  5. Consumers Adapt to Rising Mortgage Costs
    • Many UK mortgage holders are taking various steps to manage higher costs resulting from a rising interest rate environment. Read more
  6. Financial Struggles Plague UK Consumers
    • A substantial percentage of UK consumers are overspending or struggling to break even each month, with many admitting to late bill payments. Read more
  7. Consumer Credit Borrowing on the Rise
    • Consumer credit borrowing continues to grow, putting additional pressure on UK households already grappling with high costs. Read more
  8. Gen X and Millennials Lead BNPL Spending
    • Millennials and Generation X are outspending Generation Z in the use of Buy Now, Pay Later (BNPL) services for online shopping. Read more
  9. UK Consumers Undeterred by Cost of Living on Credit Rating
    • Only a minority of British consumers are concerned about the impact of rising living costs on their credit scores, in contrast to the European average. Read more
  10. Meta Announces AI Chatbots with ‘Personality’
    • Meta unveils AI chatbots with unique personalities at its first in-person event since before the pandemic. Read more
  11. National Living Wage Set to Rise in the UK
    • The UK Chancellor is set to confirm an increase in the national living wage, providing a significant boost to annual earnings. Read more
  12. ChatGPT Gains Internet Browsing Capability
    • OpenAI’s ChatGPT now has the ability to browse the internet, allowing premium users to access current information and news. Read more
  13. Energy Bills Forecasted to Increase in January
    • A joint venture between Cornwall Insight and the MCS Charitable Foundation urges the UK government to transform the energy market to stabilize electricity bills. Read more
  14. UK Energy Bill Debt Soars by 36%
    • Energy bill debt in the UK has risen significantly, leading to efforts to roll back standing charges for vulnerable customers. Read more
  15. Poor Credit Scores Cost Consumers Heavily
    • A study by Credit Karma reveals that poor credit scores can cost consumers hundreds of thousands of pounds more in interest over their lifetime. Read more
  16. Lending Standards Board Joins UK Regulators’ Network
    • The Lending Standards Board partners with UK regulators to enhance collaboration and promote better outcomes for consumers and SMEs. Read more
  17. Global Oil Production Rankings Revealed
    • Visual Capitalist visual
See also  [LINKS]: Links of the week

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