World’s Biggest Offshore Wind Turbine to Rise Next Week in US
About 15 miles south of Martha’s Vineyard, Massachusetts, a massive structure emerges from the Atlantic Ocean. Nearby it
2023-08-04 21:28
Fed seen sticking to current policy rate through year end
The Federal Reserve is seen as less likely to lift its policy rate any further this year than
2023-08-04 20:55
Warner Bros Discovery have saved in the “low $100 million range” as the actors’ and writers’ strike continues to cripple Hollywood.
Executives at Warner Bros Discovery have said their spending has plummeted in the past few months amid the Hollywood strikes.
2023-08-04 20:47
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
Japan issues rare warning over fake X account
The account on the platform formerly known as Twitter impersonated Japan's top currency diplomat.
2023-08-04 11:47
Retail Craze Sends Once-Sleepy Korean Steel Maker on a Wild Ride
The frenzy surrounding all things EV has transformed a sleepy South Korean stock into one of the world’s
2023-08-04 07:27
Banks keep up high use of new Fed lending program after spring turmoil
By Ann Saphir Months after a string of bank failures sent shockwaves through the global banking industry, U.S.
2023-08-04 06:46
Attention, Shoppers: Costco Sample Stations May Be Going Self-Serve
Product kiosks are popping up at Costco locations, casting doubt over the role of human product demonstrators.
2023-08-04 02:48
Warren Buffett isn't worried about Fitch's downgrade
Warren Buffett is shrugging off Fitch Ratings' historic downgrade of US credit from the top AAA grade to AA+.
2023-08-03 22:46
Lions Gate Is Close to a Deal for Hasbro’s TV Business
Lions Gate Entertainment Corp. has agreed to buy the EOne film and TV studio from toymaker Hasbro Inc.
2023-08-03 22:17
Airlines Slash Prices to Convince Americans to Vacation Closer to Home
JetBlue Airways Corp., Alaska Air Group Inc. and other US carriers expected the post-pandemic travel boom to send
2023-08-03 17:48
Adidas brings in $437 million from selling Yeezy shoes that will benefit anti-hate groups
Adidas has brought in $437 million from the first release of Yeezy sneakers left over after breaking ties with Ye, the rapper formerly known as Kanye West
2023-08-03 16:58