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Archive for October, 2018

Adele named richest UK celebrity aged 30 or under

October 30, 2018

Adele has once again been named the richest UK celebrity aged 30 or under – with an estimated fortune of £147.5m. The singer has boosted her wealth by around £15 million in the last year, according to Heat magazine. Ed Sheeran is second with around £94m while Harry Potter star Daniel Radcliffe is third with £87m. […]

WWF report: Mass wildlife loss caused by human consumption

“Exploding human consumption” has caused a massive drop in the global wildlife population in recent decades, the WWF conservation group says. In a report, the charity says losses in vertebrate species – mammals, fish, birds, amphibians and reptiles – averaged 60% between 1970 and 2014. “Earth is losing biodiversity at a rate seen only during […]

Sony eyes record profit as gaming hits boost earnings

Sony has forecast a huge jump in annual operating profit as demand for its games, including God of War and Spider-Man, boosted earnings. The Japanese electronics firm raised its annual profit forecast to 870bn yen ($7.7bn; £6.0bn), up 30% from estimates given in July. The upgrade comes after strong sales in its Playstation division drove […]

BP profits double on higher prices and new oil fields

Profits at oil giant BP more than doubled in the third quarter, boosted by stronger oil prices and higher production from new oil fields. Profits rose to $3.8bn (£3bn) from $1.86bn a year earlier, its best quarterly result for five years. Revenue in the July-to-September quarter jumped to $80.8bn, up from $60.8bn last year. Over […]

Eurozone growth slows as Italian economy stalls

Economic growth in the 19 countries using the euro currency slowed by more than expected in the third quarter of the year, official figures indicate. Growth in the eurozone slowed to 0.2%, compared with 0.4% in the previous quarter. The bloc was not helped by the performance of Italy’s economy, which registered no growth at […]

Budget 2018: What it means for you

The final Budget before the UK leaves the EU has been delivered by Chancellor Philip Hammond – preparing the country for what he says is a “new chapter” for the economy. Lots of measures that will affect the money in your pocket have been announced in the speech which lasted for well over an hour. […]

Budget 2018: ‘Era of austerity coming to an end’

October 29, 2018

Summary BUDGET KEY POINTS Chancellor rose to deliver his Budget at 15:31 Kicks off speech with promise of “a Budget for Britain’s future” “Era of austerity is finally coming to an end,” he says New UK digital services tax on revenues of tech giants from 2020 Predicts meeting his structural borrowing target three years early […]

Malaria: Sniffer dogs to help in fight to eradicate disease

Scientists in the UK and The Gambia say they have the first evidence that dogs can sniff out malaria. They have trained dogs to recognise tell-tale aromas using clothes from people infected with the disease. It is hoped the animals can be used to stop malaria spreading and eventually help with eradication. Although the research […]

Are hydrogen trains the future of UK travel?

Trains powered by hydrogen could be a reality in the UK by the “early 2020s”, according to Transport Secretary Chris Grayling. They’re seen as a cleaner – but pricier – alternative to diesel trains, as the exhaust emission is pure water. The BBC’s Roger Harrabin reports from Germany, where hydrogen trains are already running.

Angela Merkel to step down as German chancellor in 2021

Germany’s Angela Merkel has said she will step down as chancellor in 2021, following recent election setbacks. “I will not be seeking any political post after my term ends,” she told a news conference in Berlin. She also said she would not seek re-election as leader of the centre-right CDU party in December. She has […]

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