Book review: Fancy Bear Goes Phishing by Scott Shapiro – a tour de force of hacking and the information age May 25, 2023 From Russian hackers to Paris Hilton, Scott Shapiro's new book Fancy Bear Goes Phishing is a tour de force of the information age told in five hacks.
Bank of England to hike interest rates to 5.5 per cent to tame scorching inflation May 24, 2023 The Bank of England will have to hike interest rates to a peak of 5.5 per cent to tame steaming inflation, threatening to push the UK economy back to the edge of recession, markets bet today after fresh numbers showed price pressures are withstanding rate rises. Upward moves in financial markets’ expectations for peak UK [...]
Why today’s inflation numbers are much, much worse than you think May 24, 2023 Inflation in the UK has trimmed to its lowest level in over a year. It has also dropped out of the double digits for the first time since last August. Hooray! These are milestones that shouldn’t be welcomed with much joy, especially given that outside of the last 18 months or so, inflation barely budged [...]
Inflation falls out of double digits to lowest level in a year but tops forecasts May 24, 2023 UK inflation has fallen into single digits but the price of food continues to spiral at the fastest rate in four decades.
Bank of England governor Andrew Bailey and chief wonk Huw Pill admit they botched inflation forecasts May 23, 2023 Top officials at the Bank of England today admitted they have undershot the strength of inflation, with governor Andrew Bailey confessing the central bank has some “very big” lessons to learn over how it sets interest rates. MPs on the influential treasury select committee slammed members of the monetary policy committee (MPC) for failing to [...]
London AI firm bags $250m injection led by Qatari sovereign wealth fund May 23, 2023 A London-based artificial intelligence firm has announced a $250m cash injection led by the Qatari sovereign wealth fund today as investors rush to capitalise on a boom in AI technology.
Suppliers must improve customer performance after energy crisis May 22, 2023 Ofgem will meet this week to establish the latest update to the quarterly price cap, with energy suppliers under more scrutiny.
Enough with excuses, energy suppliers must up their game May 22, 2023 Ofgem will meet to establish the latest update to the price cap, meaning a potential 30 per cent reduction in energy bills this summer.
UK inflation poised to slip out of the double digits to lowest level in over a year May 22, 2023 UK inflation is poised to tumble to its lowest level in over a year in what is expected to begin a steady descent from its multi-decade highs, new figures out this week are likely to reveal. The rate of price increases in April is tipped to have dropped markedly to 8.2 per cent last month, [...]
‘Increasingly authoritarian’ China poses ‘biggest challenge of our age’, Sunak warns May 21, 2023 Rishi Sunak has warned that an increasingly authoritarian China poses the “biggest challenge of our age” after discussing how to tackle aggression from Beijing with western allies. The prime minister said that it is the “only country with both the means and intent to reshape the world order” after meeting with leaders at the G7 [...]