The outcome of the 2024 presidential race is as we expected.

The outcome of the 2024 presidential race is as we expected. Trump's strong showing in the Republican contest solidifies his position, while Biden's continued dominance raises questions for Democrats. Haley's silence hints at a narrowing path as her sponsors increasingly drop… — Globtec (@Globtec_net) March 6, 2024

Especially in today’s increasingly unstable world. We need to realize that nuclear weapons pose a constant threat.

Especially in today's increasingly unstable world. We need to realize that nuclear weapons pose a constant threat. A tactical nuclear strike from Russia would maybe only devastate a small part of the countries involved but such a catastrophical event will disrupt the psyche of… — Globtec (@Globtec_net) March 12, 2024

TikTok has exploded in popularity, but questions linger about its impact.

TikTok has exploded in popularity, but questions linger about its impact. Is it More Dangerous Than Other Social Media platforms?While data collection concerns exist, aren't other platforms doing the same? Where does user information go, and who decides its fate? The app's… — Globtec (@Globtec_net) March 15, 2024


It’s not just Tesla that’s impacted, this act of vandalism disrupts the operation of countless businesses, shattering the sense of security that underpins a healthy economy. It’s a wake-up call for Germany to implement robust security measures, not just to protect companies like Tesla, but to safeguard its entire industrial landscape. If Germany fails to […]


The global landscape feels more precarious than ever. Tensions simmer, alliances shift, and the specter of nuclear weapons hangs heavy in the air. It’s a chilling reality, and one we can’t afford to ignore. Nuclear weapons are not relics of a bygone era; they are a constant threat, a ticking time bomb in an increasingly […]

China tightens stock market rules after sell-off

China has tightened its financial industry rules as the government tries to halt a deepening sell-off in the world’s second largest economy. Nearly $6tn (£4.7tn) has been wiped off Chinese and Hong Kong stocks since their most recent peak three years ago. The China Securities Regulatory Commission (CSRC) says the measures will create “a fairer […]

Tesla: Electric carmaker’s shares slide after Musk warns of slowdown

Shares in Tesla slumped by more than 12% on Thursday after it warned its sales growth would be weaker this year than in 2023. That wiped around $80bn (£63bn) off the company’s stock market value. The electric carmaker, which is led by multi-billionaire Elon Musk, said its sales growth “may be notably lower” in 2024 […]

Lower UK government borrowing raises prospects of tax cuts

Lower than expected government borrowing last month has increased the possibility of tax cuts in the Budget, analysts say. Borrowing – the difference between spending and tax income – fell to £7.8bn in December, the Office for National Statistics (ONS) said. Interest payments dropped sharply due to a rapid decline in inflation. Analysts said the […]

Two million could see energy cut off this winter, charity warns

Two million people could have their gas and electricity cut off this winter because they cannot afford to top up their prepayment meter, new research suggests. Citizens Advice has warned that having no gas and electricity would not be a “one-off” experience for many. It comes as a separate report suggests millions are living far […]

US home sales see worst year since 1995

Home sales in the US sank to the lowest in nearly 30 years, as a sharp rise in interest rates increased costs for buyers and persuaded many potential sellers with lower rates to stay put. Just 4.09 million homes were purchased, the fewest since 1995, as tight supply pushed prices to a new record, the […]

Inflation risk from Red Sea disruption, warns economist

Inflation is at risk of rising again, according to a leading economist, following attacks on ships using a vital trade route through the Red Sea. Mohamed El-Erian said while disruption to shipments was not as severe as during Covid, he warned it would push up prices and hit economic growth. Several shipping firms have stopped […]

New train strike dates announced by Aslef drivers’ union

A fresh series of strikes has been unveiled by the main train drivers’ union, Aslef, in its long-running pay dispute with 16 train companies. The stoppages between Tuesday 30 January and Monday 5 February will affect different operators each day. The drivers will also refuse to work overtime from Monday 29 January until Tuesday 6 […]

Global economy set for weakest growth since pandemic, warns World Bank

The global economy is set to grow at its slowest pace since the pandemic, the World Bank has warned. It has forecast growth of just 2.4% in 2024 and stated higher interest rates were a major factor. Global trade and investment would continue to be stifled by conflicts in Ukraine and the Middle East, it […]

Strong US jobs growth dampens talk of rate cuts

Hiring in the US was unexpectedly strong last month, as the American economy continued to defy forecasts of a slowdown. Employers added 216,000 jobs and the unemployment rate was unchanged at 3.7%, the Labor Department said. Government hiring drove the gains, which extended one of the strongest streaks of job creation on record. The growth […]

SpaceX accused of unlawfully firing staff critical of Elon Musk

SpaceX has been accused of unlawfully firing eight workers who were critical of its multi-billionaire chief executive Elon Musk. A complaint by a US labour agency says the employees sent an open letter to the firm’s executives in 2022, detailing workplace concerns. The letter called him a “distraction and embarrassment”, according to Reuters news agency. […]

UK factory output lower than expected after fall in domestic and export orders

Britain’s factories started the year on a weaker footing after 17 consecutive months of contraction, as higher borrowing costs and a slump in demand took their toll. Factory output fell by more than expected in December after a drop in orders from domestic and export clients, according to the latest snapshot from S&P Global and […]

China’s many systemic problems dominate its outlook for 2024

There were contrasting reactions when the US rating agency Moody’s downgraded China’s A1 credit rating outlook from stable to negative last month. Financial markets, focused on the economy, paid it barely any attention. Chinese state media, looking at the politics, saw red. Global Times called it “biased and unprofessional”. A few days later, the Ministry […]

Five charts explaining the UK’s economic prospects in 2024

As we enter an election year, how will the effects of inflation, weak GDP growth, unemployment, tax cuts and rising housing costs sway voters’ intentions? The UK is entering an election year with the economy struggling to grow as households and businesses come under pressure from rising borrowing costs, higher taxes and elevated living expenses. […]

Business Pound hits $1.28, with UK economy predicted to ‘turn corner’ in 2024

Pound jumps over $1.28 The pound has hit its highest level against the US dollar since the beginning of August, as investors continue to bet on falling US interest rates in 2024. Sterling has climbed to $1.2825, its highest level in almost five months, as the dollar weakens in somewhat thin trading this morning. The […]

House prices to fall and rents to rise in 2024, forecasts suggest

UK house prices are expected to fall in 2024, according to analysts and lenders, while the cost of renting a home will continue to rise. The government’s official forecaster said property prices were most likely to drop by nearly 5%, although lenders expect less of a fall. Rents on newly-let properties could go up by […]

Bank of Russia Governor Says She Is Bracing for More Sanctions

Bank of Russia Governor Elvira Nabiullina, who helped the Kremlin absorb the blow from sweeping sanctions over the invasion of Ukraine, said she’s preparing for a strengthening of penalties aimed at the country’s economy. The restructuring of Russia’s economy is proceeding “quite quickly” as businesses adapt to the sanctions, Nabiullina said in an interview with […]

Fears of higher oil prices after Red Sea attacks

Attacks on commercial ships in the Red Sea risk pushing up the price of oil and other goods, analysts have warned. Several firms have paused shipments through the route after vessels were attacked by Houthi rebels in Yemen. The world’s second largest shipping line, Maersk, said on Tuesday that it would reroute some of its […]

Why is inflation higher in UK than other countries?

The UK’s inflation rate has fallen to the lowest level in more than two years, but the cost of living is still rising faster here than in most of the world’s advanced economies. Prices rose by 3.9% in the year to November, in contrast to the US and the eurozone where inflation has eased to […]

Inflation falls to lowest level in over two years

UK inflation fell by more than expected last month, driven largely by a drop in fuel prices. Prices rose by 3.9% in the year to November, down from 4.6% in October. Slowing price rises for food and household goods were also behind the drop. But while inflation has fallen a long way from its peak […]

Interest rates: Too early to speculate about cut, says Bank boss

It is “too early” to speculate about when UK interest rates will be cut, according to the governor of the Bank of England. Andrew Bailey spoke after the Bank voted to hold interest rates for a third time at 5.25% – a 15-year high. On Wednesday, the US Federal Reserve signalled that rates were at […]

Elon Musk’s Tesla recalls two million cars over Autopilot defect

Tesla is recalling more than two million cars after the US regulator found its driver assistance system, Autopilot, was partly defective. It follows a two-year investigation into crashes at the firm owned by billionaire Elon Musk, which occurred when Autopilot was in use. The recall applies to almost every Tesla sold in the US since […]

Macy’s shares surge on hopes for $5.8bn buyout

Shares of US department store Macy’s have surged on hopes of a $5.8bn (£4.6bn) buyout deal. An investor group has offered to pay $21 for each share of the retailer that they do not already own, according to US media, which cited unnamed sources. Macy’s, founded 165 years ago, is famous for hosting the New […]

US jobless rate falls to lowest level since July

Jobs growth in the US was stronger than expected last month, in part boosted as striking workers in Hollywood and the car industry returned to work. Employers added 199,000 jobs in November, the Labor Department said. That helped to push down the jobless rate to 3.7% – the lowest level since July. The monthly report […]

EU to delay tariffs on UK electric cars until 2027

Tariffs on electric vehicles traded between the UK and EU will be delayed for three years, the European Commission has proposed. It comes after carmakers on both sides of the Channel warned they were not ready for the change to post-Brexit trade rules planned from January. The rules were meant to protect the EU car […]

Will curbs to migration hit the UK economy?

The UK government has unveiled measures that it says will lead to the biggest ever cut in net migration. Home Secretary James Cleverly has said the five-point plan announced will mean 300,000 people who were eligible to come to the UK last year would not be able to in the future. But what impact will these curbs […]