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BOE rate cuts aren’t lowering mortgage costs

Bloomberg UK home buyers returning to the market after the coronavirus lockdown are finding they’re not benefiting from record-low central bank interest rates. Five months after the Bank of England (BOE) slashed its benchmark to 0.1%, mortgage rates have barely changed as banks fret about risks. For people with smaller deposits, average borrowing costs actually increased by more than half ...

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Apple preparing 75mn 5G iPhones alongside new watches, iPad

Bloomberg Apple Inc. has asked suppliers to build at least 75 million 5G iPhones for later this year, roughly in line with last year’s launch, in a sign that demand for the company’s most important product is holding up in the midst of the global pandemic and recession. The Cupertino, California-based technology giant anticipates shipments of these next-generation iPhones may ...

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Apple, Google update Covid-19 alert system to increase adoption

Bloomberg Apple Inc. said the ability to use contact tracing without an app will roll out to iPhones, while Google said Android devices will get this capability in a more limited form later this month. The companies said this will increase adoption of the system, which has begun to identify Covid-19 exposures. It will still only work in regions where ...

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