Wednesday 08/05/24

In BIG PICTURE NEWS, global debt hits new highs, rampant Argentinian inflation necessitates 10,000 peso notes, Sweden is expected to cut rates and taxpayers are to fund HS2 in London after all. In CAR NEWS,Chinese dealerships ditch foreign brands, Musk sends a fixer to China, UK carmakers appeal for help in the EV snub and Ford is ready to restrict the sale of petrol models. In TECH & MEDIA NEWS, Microsoft makes a "secret" AI tool for US spies, Apple unveils a new powerful chip, the US tightens the ban on supplying chips to Huawei, TikTok fights back, Reddit beats expectations and Ofcom pressures the tech industry while Disney plans for the future. In MISCELLANEOUS NEWS, the UK construction sector grows, house prices steady in April, student accommodation becomes a cash cow and UBS profits from its rival's misfortune. AND FINALLY, I thought I'd show you that Big Brother is watching you on London Underground...


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