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UK faces biggest rail strike in 30 years

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The United Kingdom is facing nationwide paralysis as its biggest rail strike in thirty years is set to begin.

Last minute talks between unions and the government failed – meaning a whole week where millions face the prospect of limited to no rail transport.

England, Scotland and Wales are set to face ‘transport misery’ according to the UK’s transport secretary.

40,000 rail workers nationwide are walking out of the job on Tuesday, Thursday and Saturday.

Passengers commuters across the country are being advised not to travel unless its absolutely necessary.

With normally 20,000 rail services being cut down to just 4,500 across Britain, this is the biggest rail strike the UK has seen in three decades

The Government is blaming Union leaders for resisting technological change and for demanding more money than is warranted.

Unions are saying that the ongoing inflation, job cuts, pay rises not keeping up increases in the cost of living and safety being disregarded are all factors.

These strikes have been nicknamed the Summer of Discontent

For anyone caught up in the strikes this week – what can they do?

The government is urging everybody not to travel unless they absolutely have to.

The last few years with the pandemic taught us that many people actually can work form home quite well.

Many people will have the option working from home, so in some ways, certain aspects of this strike won’t be as bad as previously anticipated.

But not everyone has the luxury of working from home – essential services, hospitality, tourism, hospital and emergency staff.

This will be a tale of the cans and the cannots when it comes to avoiding the pandemic

Travel (airports) Tourists – London alone is set to lose millions in tourists and sightseers.

And of course, the famous Glastonbury festival – which usually attracts several hundred thousand festivalgoers starts in a few days this week, where half of all trains to and from glastonbury are completely cancelled.

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The EV transformation expands to legacy vehicles

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This week witnessed another milestone in the automotive industry as the legendary Mercedes-Benz G-Wagen embarked on its electric journey, aligning with global sustainability efforts.

Simultaneously, Toyota and Mazda debuted EV offerings tailored for the booming Chinese market, signalling a strategic shift towards collaboration with advanced Chinese partners.

While the electric G-Wagen promises both eco-friendliness and off-road prowess with its innovative design, questions arise about Japanese automakers’ perceived lag in EV development, countered by the strategic imperative to tap into the rapidly growing Chinese EV market. As automotive icons embrace electrification and traditional players adapt through partnerships, it’s clear that collaboration and innovation will drive the future of mobility.

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The degree dilemma, income shifts, debt, and dream homes

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As individuals face the daunting choice between paying off student debt, saving for a first home deposit, or exploring alternative options like rentvesting, careful consideration of various factors becomes imperative.

 

In the midst of these challenges, a couple in the inner north ingeniously employed a strategy to realise their dream of a larger home while managing HECS debt and affordability hurdles.

Rentvesting emerges as a viable solution for individuals grappling with the burdens of high HECS debt and property affordability issues.

Moreover, the decreasing income premium tied to a university degree is closely intertwined with changing economic dynamics and shifts in the job market, underscoring the need for innovative approaches to education and financial planning in today’s society.

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President Biden signs TikTok bill – what’s next?

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TikTok users could soon find that the popular social media service is either under new ownership or could be outright banned in the United States.

President Joe Biden signed a bill into law that requires TikTok to find a new owner—or face a ban in the United States.

Over the past several months, Washington D.C. has been under pressure to ban the popular Chinese-owned social media app.

Lawmakers and security experts have long raised concerns that the Chinese government could tap TikTok’s trove of personal data about millions of U.S. users.

TikTok’s CEO said the bill is disappointing and reiterated that the company has committed to challenge it.

David Zhang from China Insider. joins Veronica Dudo to discuss

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