Wednesday, July 2

Business

6G Internet adverts criticised for ‘misleadingly implying’ existence of 6G
Business

6G Internet adverts criticised for ‘misleadingly implying’ existence of 6G

A broadband supplier has been slapped down by the promoting watchdog for misleadingly implying the existence of 6G.6G Internet was the topic of a criticism about claims on its web site and in a leaflet. 6Ginternet.com displayed the corporate brand and the promise of "full fibre speeds at affordable prices", with a whole web page devoted to "the 6G Internet story", detailing how its community operates.The web site additionally refers to "Wi-Fi 6 router benefits" as much as "40% faster than Wi-Fi 5".Similar claims had been made within the leaflet, which marketed a "better than half price sale" and a free router provide. The complainant prompt the corporate's very identify implied the existence of a sixth-generation cell community, when the latest accessible normal stays 5G.Rega...
The Big Short investor Michael Burry bets .6bn on inventory market crash
Business

The Big Short investor Michael Burry bets $1.6bn on inventory market crash

A person who famously made a fortune by predicting the collapse of the US housing market in 2008 now seems to be suggesting that two main inventory markets will tumble in worth.Michael Burry, the hedge fund boss featured in The Big Short, during which he was performed by Christian Bale, held adverse choices on each the S&P 500 and Nasdaq 100 on the finish of the second quarter, securities fillings present. He has choices with a notional worth of $886m (£698m) in opposition to the S&P 500.In addition, he has $738.8m (£582m) in choices in opposition to the Invesco QQQ Trust ETF - a fund on the Nasdaq comprising high-profile tech corporations together with Apple, Microsoft and Tesla.Mr Burry's wager on a market downturn quantities to greater than 90% of his agency's port...
Variety of individuals out of labor on account of long-term illness reaches one other file excessive
Business

Variety of individuals out of labor on account of long-term illness reaches one other file excessive

The quantity of people that don't have a job on account of long-term illness has risen to a different file excessive, official figures present. Nearly half 1,000,000 (464,225) extra individuals had been off work on account of long-term illness within the three months from April to June, in line with information from the Office for National Statistics (ONS). About 2.5 million individuals had been already off on account of illness earlier than the quarter.It got here as NHS England information confirmed 7.6 million individuals had been ready to begin routine hospital remedy on the finish of June, the very best quantity since data started in August 2007.These persons are classed as economically inactive, fairly than unemployed, as a result of they're neither in work nor searchin...
Subsequent rail fares rise will probably be under RPI price of inflation, authorities vows
Business

Subsequent rail fares rise will probably be under RPI price of inflation, authorities vows

Any rise in rail fares in England subsequent yr will probably be under the Retail Prices Index (RPI) price of inflation, the federal government has promised.The RPI determine - which is a measure for inflation - for July is because of be launched on Wednesday and often helps decide the price of practice tickets for the next yr. But the Department for Transport (DfT) promised that any will increase will probably be under that so as "protect" passengers from price of dwelling pressures.The anticipated hike in costs may also be delayed till March 2024.It follows the same announcement final yr, when ministers mentioned ticket will increase would as an alternative be linked to common earnings progress in July 2022, which was 5.9%. However, that also amounted to the largest fares h...
Widower of Post Office employee jailed over theft loses enchantment to clear spouse’s title
Business

Widower of Post Office employee jailed over theft loses enchantment to clear spouse’s title

A widower of a Post Office employee who was jailed after being convicted of theft has misplaced a Court of Appeal struggle to clear her title. Joanne O'Donnell died seven years in the past aged 64 after she was given a seven-month jail sentence following a trial at Manchester Crown Court in 2007. The Criminal Cases Review Commission (CCRC) referred her case to the Court of Appeal after being contacted by Mrs O'Donnell's husband Ian within the wake of the Horizon IT scandal.Errors made by Horizon software program, which was made by tech agency Fujitsu and utilized by the Post Office, led to the wrongful convictions of dozens of individuals for false accounting and theft between 1999 and 2015.Some 700 folks had been convicted within the 16-year interval. Out of that quantity, 1...