How the UK's mortgage rescue deal could help or hurt you – in part depending on where you live

Jul 04, 2023 07:41 am UTC| Economy Real Estate

Millions of UK mortgage borrowers could experience significant payment shocks this year. This is happening due to a steep rise in the Bank of Englands base rate over the past year to the highest level since 2008. This rate...

KG Mobility Corp Acquires Debt-Ridden Edison Motors, Expanding Commercial Vehicle Lineup

Jul 04, 2023 07:40 am UTC| Business Economy

In a strategic move to broaden its product range, KG Mobility Corporation, a leading South Korean vehicle manufacturer, has announced the acquisition of Edison Motors Co. Ltd., an electric bus manufacturer, under court-led...

Central Banking Series

The RBA has kept interest rates on hold. Here's why it'll be cautious from here on

Jul 04, 2023 07:39 am UTC| Economy Central Banks

The Reserve Bank decided to keep interest rates on hold at 4.1% because it thinks theres a chance just a chance it has lifted them all it needs to. In his statement released after Tuesdays board meeting, Governor...

Tyson Foods Shifts Antibiotic Policy, "No Antibiotics Ever" Label to Be Altered

Jul 04, 2023 07:29 am UTC| Business Economy

Tyson Foods Inc., a leading global meat processor, has announced it will remove the No Antibiotics Ever label from select chicken products, reintroducing antibiotics not significant to human treatment. This policy shift...

Tesla Q2 Deliveries Skyrocket 83% YoY, Bolstered by Price Reductions, Tax Credits

Jul 04, 2023 07:14 am UTC| Economy Business

Tesla experienced a remarkable 83% YoY surge in Q2 deliveries, selling 466,140 electric vehicles globally. Multiple price cuts and the availability of U.S. government tax credits under the Inflation Reduction Act played...

Starbucks, BLACKPINK Brew Up New Merchandise Collection; Magical Disney-Themed Tumblers Also Announced

Jul 04, 2023 05:08 am UTC| Economy Business Life

Starbucks, the worlds leading coffeehouse chain, announces a stirring partnership with K-pop sensation BLACKPINK, designing a merchandise collection that pairs iconic Starbucks items with the bands black and pink...

Mentos Enters Beverage Market With Non-Sparkling, Jelly Bite-Infused Drinks

Jul 04, 2023 04:13 am UTC| Life Economy Business

Iconic confectionery brand Mentos, a subsidiary of Perfetti Van Melle, marks its debut in the beverage industry with a unique line of non-sparkling drinks featuring exciting jelly bite infusions. Crafted in a slim 240ml...