Financial news

• ‘I run out of money each month’: the Americans borrowing to cover daily expenses

  09-04-2024 22:00
  
  Respondents tell us about personal levels of borrowing, with most saying they were now struggling to repay their debtsRobin, a 70-year-old retired arts teacher from California, survives on an annual income of $14,000 in social security payments.“I became disabled and retired about 20 years ago,” she says. “My life became unaffordable then, but I’m very good at budgeting so I was able to manage. Continue reading...
  
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• The Guardian view on Sure Start’s success: Labour should see latest findings as an opportunity | Editorial

  09-04-2024 19:46
  
  Research proving that early intervention works ought to be seized on by Keir Starmer’s partySure Start worked. The network of holistic, community-based services for under-fives launched by the Labour government in 1998 delivered long-term benefits for those children. The latest research is not the first to demonstrate this. But the finding of the Institute for Fiscal Studies (IFS) that young people from low-income households who grew up near a Sure Start centre saw an average improvement o
  
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• 4BIO Capital Portfolio Company Ascend Acquires Florida-Based GMP Manufacturing Capacity

  09-04-2024 14:05 via globenewswire.com
  
  Press Release4BIO Capital Portfolio Company Ascend Acquires Florida-Based GMP Manufacturing Capacity Long-Term Partnership Agreed with Beacon Therapeutics for Clinical and Commercial AAV ProductionLondon, UK, 9 April 2024 – 4BIO Capital (“4BIO” or “the Group”), an international venture capital firm unlocking the treatments of the future by investing in advanced therapies and other emerging technologies, today announces that its portfolio company, Ascend Advanced The
  
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• Alan Bates says 'harm and injustice' inspired his Post Office Horizon scandal campaigning – video

  09-04-2024 13:48
  
  Once he saw the 'harm and injustice' to people working in the Post Office, Alan Bates had to dedicate part of his life to campaigning about the Horizon IT scandal, he told an inquiry.Bates, a former post office operator, was played by the actor Toby Jones in the hit ITV drama Mr Bates vs the Post Office, which portrayed the victims’ fight for justiceCampaigner Alan Bates appears before Post Office Horizon IT inquiry – latest updatesUK politics – latest updates Continue reading.
  
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• HSBC to book $1bn pre-tax loss on Argentina sale; interest rate cut hopes are fading – business live

  09-04-2024 09:10
  
  Rolling coverage of the latest economic and financial newsUK retailers given hope of ‘green shoots of recovery’ after Easter pickupInvestors are losing faith that central banks will make hefty cuts to interest rates this year.Futures traders have reduced bets on how much the US Federal Reserve will cut rates this year to the lowest level since October, LSEG data shows.Fed funds futures contracts for December on Monday reflected expectations of around 60 basis points in rate cuts this
  
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• There no escape as AvantiGas holds its LPG customers ‘hostage’

  09-04-2024 08:00
  
  Those who are out of contract have tried to switch to another supplier, but claim the transfer has been blockedOver the winter, households reliant on liquid petroleum (LPG) gas for energy reported they were left without heating or cooking facilities, despite accounts being in credit, because their supplier, AvantiGas, was failing to replenish their tanks.Unsurprisingly, some customers want to escape when their contracts end, including AA of Llanymynech, Shropshire and NL of Henfield, West Sussex
  
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• New cooperative Scrabble launched ‘to bring people together’

  09-04-2024 07:00
  
  Double-sided board features ‘more inclusive’ Scrabble Together version for those intimidated by classic word gameScrabble: the game that has brought families together and caused chaotic arguments in equal measure.But now in what will either bring music to people’s ears or cause groans of disappointment, the competitive edge of the board game could be lessened. Continue reading...
  
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• England could produce 13 times more renewable energy, using less than 3% of land – analysis

  09-04-2024 07:00
  
  Onshore wind and solar could provide 226GWh of electricity without impairing food production, says Friends of the EarthEngland could produce 13 times more renewable energy than it does now, while using less than 3% of its land, analysis has found.Onshore wind and solar projects could provide enough electricity to power all the households in England two and a half times over, the research by Exeter University, commissioned by Friends of the Earth (FoE), suggested. Continue reading...
  
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• Calls to end ‘persecution’ of carers over UK benefits rule breaches

  09-04-2024 07:00
  
  Thinktank calls punishments ‘cruel and nonsensical’ and says government should accept blameMinisters are facing calls to abandon the “cruel and nonsensical” fines levied on tens of thousands of unpaid carers for unwittingly breaching earnings rules by just a few pounds a week.The Centre for Social Justice (CSJ), a centre-right thinktank, said the government should end the “persecution” of carers and accept that it was to blame for allowing overpayments to run
  
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• Housing in Australia is a bin fire – and desperate people will buy anything | Peter Lewis

  09-04-2024 04:05
  
  If you put a solution in front of the public the majority say they will support it, as this week’s Guardian Essential poll showsGuardian Essential poll: voters back Coalition’s super for homes and Greens housing policyHousing in Australia is a bin fire stoked by shysters pumping up their assets for short-term advantage to the detriment of those they claim to serve. And that’s just the policy auction.Political shiny suits carry on like BMW-driving real estate agents who know it&
  
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• Tesla settles lawsuit over 2018 fatal Autopilot crash of Apple engineer

  09-04-2024 01:40
  
  Walter Huang was killed when his car steered in to a highway barrier and Tesla will avoid questions into its technology in a trialTesla has settled a lawsuit over a car crash which killed an Apple engineer in 2018 after his car veered off a highway near San Francisco, court documents showed on Monday.The settlement was made as the trial was about to start over the high-profile accident involving Tesla’s driver assistant technology, ending a five-year legal battle over the case. Continue re
  
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• UK retailers given hope of ‘green shoots of recovery’ after Easter pickup

  09-04-2024 01:01
  
  Sector enjoyed best month in more than two years in March, consumer spending report showsAn early Easter boosted consumer spending in March and gave Britain’s retailers their best month in more than two years, according to a report.Prompting hopes that the retail sector might be emerging from a protracted soft patch, the latest snapshot of spending in shops and online showed the value of sales above the current inflation rate for the first time since the early days of the cost of living cr
  
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