City firms shift £1 TRILLION to Europe in Brexit breakaway as bosses claim the UK’s financial sector is the ‘forgotten child’ in trade talks Banks scrambling to protect businesses before the Brexit transition period ends From next year financial firms based in Britain will lose the ‘passporting rights’ City bosses hoped ministers could thrash out … Read more
How much debt is too much debt? That is the question millions of us will be asking tomorrow morning when confronted by headlines proclaiming that pandemic spending has sent Britain’s national debt — accumulated borrowing down the ages — soaring through the £2 trillion mark. Let me spell it out. £2,000,000,000,000. It is a truly … Read more
The coronavirus pandemic will cost the US an estimated $16 trillion – about 90 percent of the annual gross domestic product – in the next year, a new study suggests. Researchers say about half of the figure, $8.6 trillion, will be due to premature deaths and those who have long-term health implications from contracting COVID-19. … Read more
US government debt is set to exceed the size of the economy in 2021 for the first time since WWII and deficits are forecast to hit a record $3.3 trillion this year The Congressional Budget Office published its latest report on federal deficits and debt on Wednesday Federal debt held by the public is projected … Read more
Earth has lost 28 TRILLION TONNES of ice in less than 30 years, scientists say after analysing satellite imagery of the planet’s poles, mountains and glaciers Earth has lost 28 trillion tonnes of ice due to global heating, scientists have said Research by Leeds and Edinburgh universities and University College London They were able to observe … Read more
UK public sector debt goes above £2 TRILLION for the first time in history as ministers borrowed £27 billion in July alone because of coronavirus crisis Statistics show public sector debt is now above £2 trillion for the first time ever Office for National Statistics said borrowing in July was just shy of £30 billion … Read more
For as long as I can remember, late night bust-ups have been par for the course at European Union meetings. Even so, this week’s Brussels summit to rescue the EU’s pandemic-blighted economy was in a class of its own. For more than four days, the leaders of the 27 member states were locked in sweatsodden … Read more
Apple’s App Store facilitated half a trillion dollars in commerce last year, a new study reveals. The App Store ecosystem supported $519 billion in billings and sales globally in 2019 alone, according to independent economists at Analysis Group. The highest value categories were mobile commerce apps, digital goods and services apps, and in-app advertising, while games … Read more
Britain’s national debt set to hit £2 trillion for first time as cost of Covid-19 pandemic soars By Hugo Duncan for the Daily Mail Published: 22:16 BST, 29 May 2020 | Updated: 22:16 BST, 29 May 2020 Britain’s national debt is set to hit £2 trillion for the first time as the cost of the … Read more
Scientists say they’ve developed a camera that can record 70 trillion frames per second and could be used to capture nuclear fusion, radioactive molecule decay or astronomical events that are light-years away. The ‘compressed ultrafast spectral photography’ (CUSP) device, which emits extremely short laser pulses, can capture waves of light in motion, or the fluorescent delay … Read more