The UK took a leap of faith to address the problem of space debris and sustainability in space exploration with a new funding announcement last week. The UK government has announced an upgrade in space funding which would help the UK Space Agency to increase the lifespan of British-built satellites, tackling the space debris issue … Read more
In January this year, for the first time in more than 14 years, China’s consumer prices fell at their steepest pace. According to official data published by the National Bureau of Statistics, the consumer price index fell by 0.8 per cent in January 2024, compared to that of January 2023. The steep drop in January … Read more
Amidst pressure to act regarding AI safety-related issues, the UK government has taken the bold step of stricter AI regulation as it published an AI Regulation White Paper consultation. The Department for Science, Innovation and Technology announced on February 6 a new AI regulation white paper which would help UK regulators with over £100 million … Read more
UK industries and businesses are set to get a major boost to take the net zero transition leap as the UK government has announced over £190 million in funding. The Department for Energy Security and Net Zero announced £190 million in funding for 12 winning projects on January 22. This is to develop plans to … Read more
A new study has revealed cost-cutting tendencies amongst UK travellers as they try to put down on expenses amidst the cost-of-living crisis. The study conducted by hospitality industry software solutions and service provider Agilysys showed that 27 per cent of travellers in the UK rebooked the same hotel, leveraging past experiences. Hotels have also grasped … Read more
The Bank of England (BoE) is facing potential pressure to advance the timeline for its first interest rate cut, following unexpected updates from three prominent forecasters. Oxford Economics consultancy, along with analysts at Investec and Deutsche Bank, have revised their inflation outlook for 2024. Their surprise conclusion suggests that the consumer prices index (CPI), which … Read more
In December 2023, the UK retail sector experienced a notable slowdown in growth, with total sales registering a 1.7 per cent increase, a significant dip from the 6.9 per cent growth observed in the same month of the previous year (2022). This figure not only fell below the three-month average growth of 2.3 per cent … Read more
The UK government has released a new report on how its nature fund has helped the UK economy by generating more jobs and helping people connect with nature. The Department for Environment revealed that the £80 million Green Recovery Challenge Fund created over 2,600 jobs and helped 400,000 people connect with nature through 150 projects. … Read more
