Australia has experienced a significant IT outage disrupting banks, telecoms, media outlets, and airlines. The National Cyber Security Coordinator reported on Friday that it was aware of a ‘large-scale technical outage affecting numerous companies and services across Australia this afternoon.’ The agency stated, “Our current information indicates this outage is due to a technical issue […] More
House purchases experienced delays on Thursday due to issues with a critical payments system, the Bank of England reported. The problem reportedly impacted numerous homebuyers and movers, leaving some “stuck waiting for the green light” with loaded removal vans in driveways. However, by 4:30 PM on Thursday, the Bank announced that the service had been […] More
A large dinosaur skeleton has sold for $44.6m (£34m) at a Sotheby’s auction in New York City, setting a record for the most ever paid for a fossil. The plant-eating stegosaurus, nicknamed Apex, measures 11ft (3.4m) tall and 27ft long from nose to tail. Sotheby’s described it as “one of the most complete skeletons ever […] More
Wage growth has slowed to its lowest rate in nearly two years as the job market continues to cool. Earnings increased at an annual rate of 5.7% in the three months leading up to May but are still outpacing rising prices. According to the Office for National Statistics (ONS), job vacancies have decreased, and the […] More
Global technology stocks have plunged over concerns about the computer chip industry. This decline follows reports suggesting the Biden administration may further restrict exports of semiconductor equipment to China. Former US President Donald Trump’s remarks that Taiwan, the largest chip producer, should finance its own defense have also contributed to the market’s anxiety. In the […] More
The UK government has affirmed its intention to establish the headquarters of a new energy company in Scotland, although the specific location has yet to be determined. The announcement came during the King’s Speech, where the Labour administration outlined plans for GB Energy to oversee clean power projects nationwide. Prime Minister Sir Keir Starmer, speaking […] More
Canon has introduced its first new cameras of 2024 – the flagship Canon EOS R1 and Canon EOS R5 Mark II, which are high-performance models that seem worth the anticipation. The Canon EOS R1, aimed at professional sports photographers, is designed to compete with the Sony A9 III and Nikon Z9. It features a 24.2MP […] More
Over 3,000 workers at Amazon’s Coventry warehouse were recently asked to vote on union representation by the GMB. However, the union fell just short with 49.5% of the 2,600 voters supporting union recognition, missing a majority. As a result, the GMB cannot officially represent the workforce. They have launched a legal claim against Amazon, alleging […] More
The high street cosmetics chain entered administration in February, leading to the closure of 75 stores and the loss of 489 jobs. A team managed by former Molton Brown CEO Charles Denton is now poised to complete a rescue takeover deal, as administrators have agreed to an ‘exclusivity agreement’ following a competitive bidding process. The […] More
The likelihood of an August interest rate cut has diminished due to higher hotel prices, attributed by some analysts to a “Taylor Swift effect,” causing a stall in the UK’s progress against inflation. For the second consecutive month in June, the government’s preferred measure of the cost of living remained at its 2% target. While […] More