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Scotland’s budget deficit shrinks

  Bloomberg Scotland’s public spending deficit shrank after revenue from the North Sea oil industry jumped to the highest in eight years and helped offset the fallout from the pandemic. The shortfall dropped to 23.7 billion pounds ($28 billion), or 12.3% of gross domestic product, in the 2021-22 financial year, according to the Government Expenditure and Revenue Scotland report. That ...

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Tesla raises price of driver-assistance system to $15,000

  Bloomberg Tesla Inc will start charging $15,000 for the driver-assistance system it calls Full Self-Driving, raising the price of the controversial product for the second time this year. The hike for customers in North America will take effect from September 5, Chief Executive Officer Elon Musk tweeted. The current $12,000 price will be honoured for orders made before that ...

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Apple set to launch iPhone 14, new watches on September 7

  Bloomberg Apple Inc announced plans to hold a launch event on September 7, when the tech giant is expected to unveil the iPhone 14 lineup and its next slate of smartwatches, confirming a date that was reported by Bloomberg News. The company sent out invitations for a presentation titled “Far Out,” describing it as an in-person event at the ...

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