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COVID 19 Articles
Inflation sizzled in September — and Social Security benefits will get a boost
Consumer inflation rose to 3.7% in September, driven by surging energy prices. Social Security benefits will increase 3.6% next year, adding $75 monthly for average recipients.
Trump’s student loan overhaul could lead to more bankruptcy filings, former judge says
A former bankruptcy judge warns that recent changes to federal student loan policies could increase bankruptcy filings, citing unrealistic loan caps and higher private interest rates.
FAA warns U.S. airlines of safety risks over Saudi Arabia after attacks
The FAA warned U.S. airlines of safety risks over Saudi Arabia following Houthi attacks that closed Riyadh’s airport and killed at least 12 people.
Starbucks says it is not buying Chipotle after takeover speculation
Starbucks denied reports it was considering acquiring Chipotle Mexican Grill, calling an end to days of speculation about a potential megadeal between the two major restaurant companies.
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The U.S. is trying to reduce its reliance on China for batteries. Here’s what it’s up against
The Trump administration awarded $500 million in battery technology funding this August, but analysts say it falls far short of the billions needed to reduce U.S. dependence on China’s dominant battery supply chain.
Wealthy investors seek oil and gas assets, but bargains are scarce
Wealthy investors are increasingly targeting oil and gas assets, but strong competition from institutional investors and private equity firms is limiting deal availability at favorable valuations.
25 years after 9/11, the U.S. starts rolling back travel restrictions, from liquids to gate access
Twenty-five years after the September 11 attacks, the U.S. is gradually easing airport security measures including shoe removal and liquid restrictions through improved scanning technology and trusted traveler programs.
US borrowing costs hit 5% for first time since 2023 amid bond sell-off
US 10-year Treasury yields reached 5% for the first time since 2023 as Middle East tensions and soaring oil prices triggered a global bond market sell-off amid mounting inflation concerns.
Pubs, hotels and gyms in Wales to get 30% business rates cut
Wales announced a 30% cut in business rates for pubs, hotels, and cinemas starting April 2027, funded by increased rates on highest-value properties.
Bank of England urged to slow or halt bond-selling to slash UK borrowing costs
Economists urge the Bank of England to reduce its bond-selling program, which has already cost the government billions of pounds and pushed UK borrowing costs to multi-decade highs.
Scrap windfall tax on oil and gas firms early, North Sea industry urges
North Sea oil and gas industry urges Labour to scrap windfall tax three years early, citing energy security concerns as winter approaches with expected high energy bills.
Jaguar Land Rover in talks to sell Defender to Nato countries
Jaguar Land Rover is pursuing military contracts with NATO countries and bidding for a UK defence ministry contract worth £900m to supply revamped Defender vehicles to armed forces worldwide.
UK retirees with no other income will not pay tax on new £13,000 state pension, No 10 says
UK state pensioners with no other income will not pay tax on the new £13,000 annual state pension, the government confirmed after wage growth triggered an inflation-beating increase under the triple lock policy.
US treasury secretary hails government’s buy back of bonds a success
Treasury Secretary Scott Bessent declared the US government’s bond buyback program a success, though 10-year Treasury yields have reached their highest level since 2007.
Ukraine war briefing: No energy ceasefire until Russia stops, Zelenskyy confirms after Trump claim
Ukraine will only cease attacks on Russian energy infrastructure if Moscow does the same and the US provides guarantees, President Zelenskyy stated, contradicting Trump’s unverified claims of an agreed ceasefire.
Air pollution spiked after the Trump administration stopped embassy monitoring
Air pollution increased 24-33% in satellite measurements after the Trump administration shuttered the State Department’s embassy air quality monitoring program in March 2025, new research shows.