Bank of England boosts 2021 UK growth forecast to 7.25% in wake of successful vaccine rollout

Summary List Placement The Bank of England sharply upgraded its forecasts for the UK economy on Thursday, citing the successful rollout of coronavirus vaccines and a sharp drop in COVID cases.  Policymakers at the Bank kept interest rates at their record-low level of 0.1% and maintained the size of its bond-buying package, through which the BoE injects money into the economy, at £895 billion ($1.25 trillion). The BoE now thinks UK gross domestic product will grow 7.25% in 2021, compared to its February estimate of 5% growth, and recover its pre-pandemic level sooner than expected. UK GDP contracted 9.8% in 2020, the worst slump out of the G7 countries. “New… Read More

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Asus Zenfone 8 Flip leak pairs flipping cameras with Snapdragon 888

The Zenfone 8 Flip. | Image: 91Mobiles Asus’s successor to last year’s Zenfone 7 has leaked online, pointing to a return for the phones’ flipping camera array on May 12th. Specs and images of two upcoming devices — the Zenfone 8 and Zenfone 8 Flip — have been published by 91Mobiles, based on information provided by leaker Ishan Agarwal. As its name suggests, the 8 Flip has three cameras built into a mechanical flipping mechanism that rotates them over the top edge of the display to take selfies, while the 8 has two rear cameras in a more standard rectangular camera bump. From the leaks, the Zenfone 8 Flip appears… Read More

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Pfizer is donating COVID-19 vaccines to Tokyo Olympics athletes

Summary List Placement Pfizer and BioNTech announced on Thursday that are donating vaccine doses to vaccinate athletes for this summer’s Tokyo Olympics. In a statement, they said they would “donate doses of the companies’ COVID-19 Vaccine to help vaccinate athletes, and their delegations” who are taking part in the Olympics and Paralympics games. Delivery is expected to begin later this month, the statement said. The president of the International Olympic Committee said in a statement: “This donation of the vaccine is another tool in our toolbox of measures to help make the Olympic and Paralympic Games Tokyo 2020 safe and secure for all participants and to show solidarity with our… Read More

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Top Stories this AM: Free money, maybe; Caitlyn Jenner’s transportation hot take; Cyber Ninjas search for ‘Chinese’ paper

Summary List Placement Good morning and welcome to your weekday morning roundup of the top stories you need to know. For more daily and weekly briefings, sign up for our newsletters here.  What’s going on today: Good news: If you were overpaid unemployment insurance, the Biden administration thinks you should be able to keep some. The Department of Labor issued guidance Wednesday that recommends states allow people to keep any overpayment they’ve received, as long as they didn’t receive the payment through fraudulent means.  Not happy: NY’s top court ruled it will hear a case about freeing ‘imprisoned’ Happy the elephant from the Bronx Zoo, marking a first for a… Read More

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Caitlyn Jenner praises Donald Trump and says she’s in favor of building ‘the wall’ in Sean Hannity interview

Summary List Placement Caitlyn Jenner praised Donald Trump for “disrupting” American politics and said she aims to do the same if she is elected to office in her first major TV interview as a candidate for California governor. The 71-year-old former Olympian and reality TV star, who came out publicly as a trans woman in 2015, spoke with Fox News’ Sean Hannity from her private airplane hangar in Malibu, California.  Jenner has no previous political experience. But during the 2016 election, she publicly supported Donald Trump and now counts several former Trump aides including Brad Parscale, who headed Trump’s 2020 presidential campaign, as her advisers. “What I liked about Donald… Read More

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Microsoft is finally ditching its Windows 95-era icons

Microsoft is finally preparing to refresh its Windows 95-era icons. The software giant has been slowly improving the icons it uses in Windows 10, as part of a “sweeping visual rejuvenation” planned for later this year. We saw a number of new system icons back in March, with new File Explorer, folder, Recycle Bin, disk drive icons, and more. Microsoft is now planning to refresh the Windows 95-era icons you still sometimes come across in Windows 10. Windows Latest has spotted new icons for the hibernation mode, networking, memory, floppy drives, and much more as part of the shell32.dll file in preview versions of Windows 10. This DLL is a… Read More

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10 things you need to know before the opening bell

Summary List Placement Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning. Sign up for Insider Investing for your weekly markets analysis. 1. Global stocks gain after US jobs and oil demand data fuel economic optimism. See what markets are doing today. 2. Bill Gates transferred stock worth about $2.4 billion to Melinda Gates. The tech billionaire moved some of his holdings on the same day they announced their divorce. 3. New rules could tackle the ‘gamification’ of trading, SEC chief Gary Gensler says. He raised concerns that popular trading apps like Robinhood could be prompting users to make bad… Read More

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TenantBase hires former Cresa CEO Jim Underhill to expand its online platform connecting tenants and landlords

Summary List Placement Former Cresa CEO Jim Underhill is joining commercial real estate startup TenantBase as executive chairman, Insider can exclusively reveal. TenantBase operates a marketplace for office, retail, and industrial space that spans 35 geographies from San Francisco to Birmingham, Alabama. Potential tenants can browse open listings on the website and then connect directly with landlords and their brokers to sign leases. TenantBase has raised at least $10.7 million in funding from real estate investment management firm Stonecutter Capital Management. The news comes three months after Underhill announced he was stepping down from Cresa, the largest commercial real estate firm that represents tenants only. He spent five years at… Read More

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Lyft said it expects some drivers to shift from food-delivery apps to ride-hailing ones after the pandemic

Summary List Placement The reopening of the economy could lead to a shift in labor from delivering takeout to transporting passengers, according to Lyft. Executives at the ride-hailing app said during its first-quarter earnings call Tuesday that this could help solve its driver shortage, which it said has led to higher fares for customers and “record earnings” for drivers. “We believe that individuals who have been doing other forms of app-based work over the last years will transition to rideshare,” Lyft cofounder John Zimmer said, before picking food-delivery apps as an example. Read more: More than half of Uber and Lyft drivers stopped driving during the pandemic, and that number… Read More

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