See all the links and our weekly headline roundup here.
- Mortgage Approvals Experience 10% Drop Amidst Borrowing Cost Impact Mortgage approvals declined by 10% in July due to increased borrowing costs, affecting housing market dynamics. Read more
- AI Act and Risk-Based Approach: Navigating AI Regulation Complexity The AI Act’s risk-based approach aims to address regulatory challenges posed by AI across various sectors. Read more
- Amazon CEO Urges Remote Workers to Return to Office or Face Termination Amazon’s CEO calls for the return of remote workers to the office, indicating reduced flexibility. Read more
- Digital Pound Design to Drive Innovation in Financial Ecosystem The Bank of England’s digital pound platform model aims to foster innovative financial services. Read more
- Energy Price Cap to Decrease, but Cost of Living Concerns Persist Despite falling energy price caps, consumers continue to face challenges related to cost of living. Read more
- Rising Food Prices Equally Concerning as Energy Bills for Consumers Escalating food prices are becoming as concerning as energy bills, affecting consumer budgets. Read more
- Visualizing BRICS Expansion Impact on Global GDP The inclusion of new BRICS members slightly raises the group’s GDP share, but the overall impact remains modest. Read more
- Debt Distress Tops Agenda at G20 Summit, Amid Global Developments With India leading the G20 Summit, addressing debt distress becomes a key focus amidst global changes. Read more
- Citizens Borrow to Pay Rising Energy Bills, with Numbers Expected to Rise As energy costs surge, citizens resort to borrowing, with forecasts predicting a further increase. Read more
- AI Prompt Engineers Emerge as Key Role in Shaping AI Output The role of AI prompt engineers becomes crucial in maximizing AI model outcomes across domains. Read more
- AI’s Lack of Consciousness Aligns with Theories, Indicating Progress AI models exhibit limited signs of consciousness, as aligned with established theories of human consciousness. Read more
- Middle Market Businesses Present Dual Challenges and Opportunities Middle market businesses show growth potential while grappling with inflation and price dynamics. Read more
- Borrowing Trend: 7.8 Million Resort to Debt for Energy Payments A rising number of individuals, 7.8 million, are borrowing to cover energy bills, with projections of an upward trend. Read more
- Concerns Over Retirement Finances and Emergency Coverage Persist Only 61% believe they can cover retirement bills, and 39% expect to have enough funds for emergencies. Read more
- Inflation Eases on Certain Consumer Goods, But Challenges Remain While inflation moderates for some products, grocery prices and cost of living concerns remain significant. Read more
- Households Face £2.7 Billion BNPL Debt Amid Changing Financial Landscape Households grapple with £2.7 billion in Buy Now, Pay Later (BNPL) debt in a shifting financial landscape. Read more
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