European Stocks Rise on Boost From China Measures, UK Inflation
European stocks rose on Tuesday as recent stimulus measures from China and supportive inflation figures from the UK
2023-08-29 15:58
Rockwell Automation and Microsoft Expand Partnership to Leverage Generative AI Capabilities for Enhanced Productivity and Faster Time-to-Market
MILWAUKEE & REDMOND, Wash.--(BUSINESS WIRE)--Oct 26, 2023--
2023-10-26 19:19
Curb use of dollar Libor alternatives to Fed rate, says watchdog
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2023-07-04 00:24
Fabric’s Innovative Automated Fulfillment Solution Wins Two Prestigious Honors
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Anthony Fauci to Testify for House Committee Investigating Origins of Covid
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2023-11-30 21:52
Singapore Scandals Involving Ruling Party Politicians: Timeline
Singapore’s ruling People’s Action Party was dealt a fresh blow on Monday when the parliament speaker resigned in
2023-07-17 16:59
Soaring mortgage costs ‘affecting mental health of almost a third of people’
Almost a third of people in England and Wales said their mental health has been affected by soaring mortgage costs in the past year, according to new research. For people with existing mental health problems, nearly four in 10 said the rising costs had worsened their mental health. Mind, the UK’s biggest mental health charity, also said it had seen a 55% increase in the number of people contacting its Infoline over the last 18 months about financial difficulties, including welfare, unemployment and personal debt. The charity’s survey of 3,015 respondents across England and Wales in March and April came before Thursday’s news that the Bank of England had raised interest rates to 5.25% from 5%. The hike, which is yet another bid to get inflation under control, will put more pressure on mortgage holders. Mind’s survey – carried out by Censuswide – suggested that 29% of people had been affected by hearing about or experiencing increasing mortgage costs over the last year. Ten per cent said that it had affected their mental health a lot, the charity added. For people with existing mental health problems, some 36% said the increasing mortgage costs had made their mental health worse. Money problems and mental health often form a vicious cycle, and when we’re struggling to deal with one, the other can become much harder to manage, particularly when it threatens to impact our housing situation Vicki Nash, Mind The charity said younger people were particularly affected, with almost half (48%) of those aged between 16 and 24 saying that the mortgage situation had impacted on their mental health. Vicki Nash, Mind’s associate director of external affairs, said financial difficulties and mental health problems “often form a vicious cycle”. She said: “As we continue to grapple with the rising cost of living, news of yet another possible increase in mortgage rates will be difficult for many families to bear. “Money problems and mental health often form a vicious cycle, and when we’re struggling to deal with one, the other can become much harder to manage, particularly when it threatens to impact our housing situation. “We know some people are becoming so unwell that they need hospital treatment for their mental health. “When this happens the care they receive when they leave hospital is critical so we are calling for the introduction of comprehensive welfare checks, including of people’s financial situation. “These figures show this is a mental health emergency that everyone is going to need help to deal with. We know we can’t fix the cost-of-living crisis but support for your mental health is out there, and we are here for you. “This includes through Mind’s Infoline, online community, Side by Side and the useful information on our website that will be available throughout this difficult period.” Mind has a confidential information and support line which can be called on 0300 123 3393 between 9am and 6pm from Monday to Friday, or people can visit mind.org.uk. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live The devastating mental health impact of soaring mortgage costs Consuming foods with added sugars may increase risk of kidney stones – study Why TikTok is going wild for lip oil
2023-08-04 17:59
Stock markets continue retreat on rate hike fears
Stock markets slumped on Monday over lingering concerns that interest rates will remain higher for longer or even climb further...
2023-09-26 00:19
BOE’s Top Economist Says ‘Persistent Response’ Needed on UK Inflation
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2023-10-16 18:54
Bank of America to raise minimum wage to $23 an hour in October
By Lananh Nguyen NEW YORK Bank of America will boost its minimum hourly wage to $23 in October
2023-09-20 23:22
UN complains Russia won't let aid workers into area of Ukraine dam collapse, Moscow says it's unsafe
The Kremlin's spokesman says that U.N. aid workers who want to visit areas ravaged by a recent dam collapse in southern Ukraine can’t go there because fighting in the war makes it unsafe
2023-06-19 19:23
Ford shares fall after pulling full-year forecast, wider EV losses
Shares of Ford Motor Co fell 3.8% before the bell on Friday, after the automaker reported wider losses
2023-10-27 20:18
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