sheepsies

[sheepsies]

Current UK Stats (July 2023):

- Inflation Rate: 7.9%

- Bank Rate: 5%

- National Debt: 101.9% of GDP

- Unemployment Rate: 3.5%

- by bhavya ☆

[sheepsies]

- France banned domestic short haul flights where there are train alternatives in order to cut carbon emissions - there are few exceptions (between Paris and some other major cities)

- Connecting flights are unaffected

- Some within the airlines industry say this will only have minimal effects and the government should find other more effective solutions

- UFC-Que Choisir and other climate activists want lawmakers to go back to banning plane journeys if rail alternatives under 4h were available - this was originally suggested n 2019 but revised and changed to 2.5h

- Domestic flights currently produce the most emissions per passenger per km travelled (taking both CO2 emissions and non CO2 emissions into account)

- article summary by bhavya ☆

[sheepsies]

- JP Morgan Chase took over First Bank Republic

- First Republic is the 3rd US bank to fail in recent months

- 84 First Republic Bank offices will reopen as JP Morgan Chase bank branches

- JP Morgan Chase will pay $10.6bn for the bank - more than half its market value at the start of the year

- JP Morgan have said they will take on $173bn in loans, $30bn of securities and $92bn of deposits from First Republic

BBC article summary by bhavya ☆

[sheepsies]

Current UK Stats:

- Inflation Rate: 10.1%

- Current Bank Rate: 4.25%

- National Debt: 99.2% of GDP (Feb 2023)

- Unemployment rate: 3.7% (Feb 2023)

- by bhavya ☆