[LINKS]: Links of the week

See all the links and our weekly headline roundup here.

Bank of England Cautions on Corporate Default Risk: The Bank of England sounds an alert on the rising risk of corporate defaults, underscoring potential economic challenges ahead. Read more
HMRC’s “Dawn Raids” Increase Amid Fraud Concerns: HMRC reports a 36% surge in “dawn raids,” unannounced searches conducted to gather evidence for potential prosecution related to tax and furlough fraud. Read more
Citizens Seek Help for Energy Bill Debt: Citizens Advice warns of escalating energy costs, as 46,431 individuals contact the charity for advice on managing energy bill debts, reflecting a 17% YoY increase. Read more
UK Economy Faces Heightened Recession Risks: Mounting interest rates prompt concerns of a heightened recession risk, as economic activity may soon contract, leading to a potential mild recession. Read more
Microsoft Integrates Python into Excel for Enhanced Analysis: Microsoft introduces Python integration in Excel, enabling users to manipulate and analyze data from Python within the familiar spreadsheet environment. Read more
EU Enforces Stricter Rules for Tech Giants: The European Union rolls out new rules under the Digital Services Act, requiring major tech platforms to swiftly remove illegal content and improve user safety. Read more
Study Identifies Age-Related Markers in Organs: Groundbreaking research reveals age-related markers in specific organs and systems, paving the way for understanding and addressing health impacts. Read more
Buy-to-Let Returns Drop Amid Mortgage Rate Surge: Buy-to-let investors experience a 59% decline in returns due to surging mortgage rates, resulting in lower income from rental properties. Read more
Finfluencers Face Regulatory Scrutiny: Influencers in the financial realm, or “finfluencers,” see a decline as the FCA highlights that 58% of young investors influenced by social media invested in high-risk products like cryptocurrency. Read more
Everyday People Financial to Acquire Pastdue Credit Solutions: Everyday People Financial announces plans to acquire Pastdue Credit Solutions, signaling expansion and consolidation in the credit industry. Read more
Microbes’ Role in Ageing Revealed: Research sheds light on the association between microbes, genes, and molecules in ageing, identifying key organs and systems affected by the aging process. Read more
UK Renters Vulnerable to Financial Instability: Shelter reveals that 50% of working private renters in England lack sufficient savings to cover rent for over a month if they lose their job, underscoring the need for affordable housing solutions. Read more
Banking Communication Fines Highlight Trading Breaches: Financial institution receives a £5.4 million fine for breaching communication rules, emphasizing the need for rigorous compliance and transparency in trading communications. Read more
Enhanced Automation Improves AP/AR Workflows: Automation transforms accounts payable and accounts receivable workflows, reducing payment delays and friction in the source-to-pay cycle for businesses. Read more
Landlords Adjust to Rising Interest Rates: Amid a series of interest rate hikes, landlords strategically navigate their portfolios, with nearly three-quarters experiencing stable property values despite market fluctuations. Read more
Exploring “Ageotypes” for Healthier Lives: Researchers introduce the concept of “ageotypes,” identifying biological markers associated with aging in various body systems, offering insights for healthier living strategies. Read more
Social Media Impact on High-Risk Investments: Young investors’ susceptibility to social media hype leads to high-risk investment decisions, prompting regulators to address the influence of online content on financial choices. Read more
Microscopic Insights into Age-Related Processes: Microbial and genetic research provides microscopic insights into age-related processes, indicating distinct age-related markers in organs and systems, laying the foundation for future health interventions. Read more
Dubai Airport Achieves Impressive Passenger Rebound: Dubai International Airport’s passenger traffic surpasses pre-pandemic levels, welcoming 41.6 million travelers in H1 2023. Read more
Lost Luggage Incidents on the Decline: Lost luggage incidents exhibit signs of recovery after reaching a 10-year high, with airlines leveraging automation for improved baggage handling. Read more