A government adviser reports that many young people in the UK are struggling to find jobs because of mental health issues and changes in how they live and communicate. The report says businesses should offer more flexible work and mental health support to help these young people join the workforce.
Key Facts
Nearly 1 million young people aged 16 to 24 in the UK are not in education, work, or training (called Neets).
Mental health problems like anxiety and depression are a major reason many cannot work.
Social media and smartphone use are affecting young people’s sleep, focus, and overall mental health.
More than half of Neets have never had a job, and a quarter are unable to work due to sickness or disability.
The UK has a much higher percentage of Neets compared to countries like Japan, Ireland, and the Netherlands.
Falling immigration is making it harder for UK businesses to find skilled workers.
The report calls for businesses to change by providing flexible work conditions and mental health support for young workers.
Experts suggest schools need to improve to prevent more young people from becoming workless.
Read the Original
Want the full story? Tap a source to open the original
article.
Ice cream prices are rising in some seaside towns in Wales, with Porthmadog charging an average of £3.85 for one scoop. This comes as many UK households face higher costs for food, energy, and fuel due partly to global supply issues.
Key Facts
Porthmadog in Gwynedd has the highest average price for a single scoop of ice cream in the UK at £3.85.
Aberystwyth and Tenby are also among the most expensive seaside towns for ice cream in the UK.
The price for a two-scoop cone in Porthmadog averages £5.28.
Barton-on-Sea in Hampshire is the cheapest UK seaside town for ice cream, with a single scoop costing about £1.95.
The analysis was done by credit card company Zable, which checked prices from popular ice cream shops in 33 UK seaside towns.
Chancellor Rachel Reeves announced cuts on import taxes for certain foods to help reduce prices amid the cost of living crisis.
Rising energy, food, and fuel costs are linked to global events, including the war in Iran affecting supply chains.
Some locals say the high ice cream prices are too expensive for families, while others are willing to pay more for quality ice cream.
Read the Original
Want the full story? Tap a source to open the original
article.
James Watt, co-founder of the beer company Brewdog, is starting a new beer brand called Second Best. He plans to give free shares in this new company to people who lost money investing in Brewdog’s crowdfunding scheme after Brewdog faced financial collapse.
Key Facts
James Watt co-founded Brewdog in 2007 with Martin Dickie.
Brewdog once had four breweries, about 100 pubs worldwide, and was valued at over $1 billion.
Brewdog collapsed with debts over £500 million and was bought by US company Tilray in March 2024.
Brewdog raised £75 million through Equity for Punks, a crowdfunding plan letting fans invest for perks like beer discounts.
When Brewdog was sold, a US equity firm with special shares got paid first, leaving Equity for Punks investors with no returns.
About 484 jobs were lost and 38 bars closed in the sale process.
James Watt resigned as Brewdog CEO in 2024 and apologized for mistakes, saying the company expanded too fast.
Watt will give nearly 20% of shares in Second Best to former Brewdog crowdfunding investors for free, calling them "second founders."
The new company is still getting licenses and legal approval, with no set launch date yet.
Read the Original
Want the full story? Tap a source to open the original
article.
Mexico and the European Union signed a free trade agreement on May 23, 2026. The deal aims to reduce their reliance on the United States and protect themselves from tariffs imposed by President Donald Trump.
Key Facts
The trade agreement between Mexico and the EU had been delayed but was finalized on May 23, 2026.
The goal of the deal is to diversify trade partners away from the United States.
This move helps both Mexico and the EU avoid the impact of tariffs set by President Trump.
Free trade agreements remove or reduce taxes on goods traded between the partners.
Mexico, the EU, and the U.S. are important global trading regions.
The agreement may strengthen economic ties between Mexico and European countries.
Read the Original
Want the full story? Tap a source to open the original
article.
A new designer outlet associated with Leeds is located 15 miles away from the city, in Castleford. This outlet is part of the retail sector and is connected to the Frasers Group company.
Key Facts
The designer outlet is branded with the Leeds name but is actually 15 miles outside Leeds.
The outlet is located in the town of Castleford.
It is related to retail shopping, focusing on designer brands.
The Frasers Group, a retail company, is involved with this outlet.
This news relates to business and retail development in the Leeds area.
Read the Original
Want the full story? Tap a source to open the original
article.
Chancellor Rachel Reeves has temporarily cut the tax on children’s meals in restaurants from 20% to 5% for the summer to help families and support the hospitality sector. However, some restaurant owners say the cut is too small to make a real difference, while others plan to lower children’s meal prices during this time.
Key Facts
The VAT (value-added tax) on children’s meals in restaurants in England is cut from 20% to 5% between June and September.
This measure is part of a wider "Great British summer savings" campaign to ease the cost of living, which includes free bus travel for under-16s.
Some restaurateurs say children’s meals are often already sold at a loss, so the tax cut may not reduce prices much.
Tim Martin, owner of Wetherspoons pubs, plans to lower his children’s menu prices over the summer in response to the VAT cut.
UK VAT on restaurant food is 20%, higher than the European average of about 12% and much higher than Italy’s 10%.
Hospitality businesses want a permanent VAT cut to match supermarket rates and other European countries.
Industry group UKHospitality says a lower VAT could reduce prices, control inflation, increase demand, and create jobs.
Some restaurateurs describe the tax cut as symbolic and call for broader, longer-term support for the hospitality sector.
Read the Original
Want the full story? Tap a source to open the original
article.
Many celebrities are launching skincare and makeup brands, but the market is crowded and competition is tough. Some celebrity brands, like Rihanna’s Fenty and Selena Gomez’s Rare Beauty, have been very successful, while others have closed down due to lack of demand. Experts say that building a strong connection with customers is key for these brands to last.
Key Facts
Harper Beckham, age 14, is rumored to be starting a skincare brand aimed at Generation Alpha.
The celebrity beauty market includes major names like Rihanna, Selena Gomez, Hailey Bieber, and Ariana Grande.
Some brands such as SKKN by Kim Kardashian and Addison Rae’s Item Beauty have closed or struggled.
Fenty Beauty by Rihanna made over $570 million in its first 15 months and is now worth billions.
Rare Beauty by Selena Gomez has a mental health focus and is valued above $2 billion.
Hailey Bieber’s Rhode brand was acquired by e.l.f. Beauty for up to $1 billion.
Ariana Grande’s R.E.M. Beauty remains strong in stores and is worth about $500 million.
Experts say celebrity brands need to create a welcoming “brand world” to keep customers loyal.
Read the Original
Want the full story? Tap a source to open the original
article.
American investors are increasingly interested in Liga MX, Mexico’s top soccer league. A Mexican club owner described Liga MX as a big chance for growth and investment in global sports.
Key Facts
Liga MX is Mexico’s main professional soccer league.
It is seen as an underused opportunity in global sports.
American investors are starting to invest in Liga MX clubs.
Mexican club owners recognize the growing appeal of the league.
The league’s potential attracts international attention and money.
Read the Original
Want the full story? Tap a source to open the original
article.
CBS News Radio ended its broadcasts on May 22, 2026, after being on the air for almost 100 years. The last newscast and special report were anchored by Christopher Cruise.
Key Facts
CBS News Radio stopped operating on May 22, 2026.
It had been broadcasting for nearly 100 years.
Christopher Cruise hosted the final newscast and special report.
CBS News Radio was part of CBS News, a major news organization.
The closure marks the end of a long history in radio news broadcasting.
Read the Original
Want the full story? Tap a source to open the original
article.
A man named Andrew Crowley tried to sell fake ancient statues to the auction house Sotheby’s. Experts found that the paperwork he used was forged with modern printing methods, exposing the fraud.
Key Facts
Andrew Crowley, 46, from Gloucestershire, tried to sell four ancient-looking statues to Sotheby’s.
The statues included three Cycladic figures and one Anatolian stargazer statuette.
Crowley presented fake invoices claiming to be from 1976, but they were printed using technology created in 2001.
Sotheby’s experts noticed spelling errors on the fake documents, helping to uncover the fraud.
The statues were said to be worth about £680,000 if genuine, but the judge lowered the estimated value due to uncertainty.
Crowley admitted to dishonestly making false claims to Sotheby’s and received a two-year suspended sentence.
He was ordered to do 200 hours of unpaid work and pay £1,630 in costs.
Police and Sotheby’s praised the swift work of experts who stopped a serious fraud in the London art market.
Read the Original
Want the full story? Tap a source to open the original
article.
More than half of people plan to shop during Memorial Day weekend sales this year, which is a big increase compared to last year. However, the amount of money shoppers plan to spend is much lower, dropping by 70% from last year.
Key Facts
54% of people said they will shop on Memorial Day weekend this year.
This number is 36% higher than the percentage from last year.
Despite more shoppers, the planned spending amount has fallen by 70%.
The information comes from a survey by Retail Me Not, a digital savings platform.
Consumer savings expert Andrea Woroch shared insights about these trends.
Memorial Day sales often include discounts and deals on many products.
The CBS News app and website provide more coverage about the sales.
Read the Original
Want the full story? Tap a source to open the original
article.
A new report shows that the total cost of a traditional barbecue meal has risen by nearly 10% this year. Despite higher prices, many people still plan to have gatherings with family and friends during the summer.
Key Facts
The cost of a classic barbecue meal has increased by almost 10%.
The report was shared just before the busy summer season.
Many people are still planning to hold summer get-togethers despite price rises.
The report is part of a series called "Affordability in America."
The information was presented by Jo Ling Kent on CBS News.
The price rise affects common barbecue food items.
The report aims to inform consumers about changing food costs ahead of summer events.
Read the Original
Want the full story? Tap a source to open the original
article.
CBS News Radio will stop broadcasting on Friday after nearly 100 years. The company shared memorable moments from its long history in a special program.
Key Facts
CBS News Radio is closing down after almost 100 years on the air.
The shutdown will happen on Friday.
Major Garrett, a journalist, highlighted important moments from CBS News Radio’s history.
CBS News Radio has been a significant source of news for many years.
The closing marks the end of a long-running American news radio service.
Viewers can watch the special program through the CBS News app or online.
The shutdown reflects changes in how people consume news today.
Read the Original
Want the full story? Tap a source to open the original
article.
Shein, a large Chinese company known for fast fashion, is buying Everlane, a brand known for selling clothes in a way that focuses on being good for the environment and fair to workers. This news has caused many customers to worry and question what this means for Everlane’s commitment to sustainable fashion.
Key Facts
Shein is a major fast-fashion company based in China.
Everlane is known for its focus on sustainability and ethical clothing production.
Shein is acquiring Everlane through a purchase deal.
Customers are concerned about whether Everlane will keep its sustainable practices after the deal.
The acquisition has sparked discussions about the future of sustainable fashion.
Liz Landers and Maxine Bédat have talked about the issue publicly.
Read the Original
Want the full story? Tap a source to open the original
article.
Carbon credit markets, which help reduce climate change by paying people to keep forests standing, are now worth around $2 billion a year. There is a new effort to make these markets clearer and more trustworthy, especially for small landowners who want to join.
Key Facts
Carbon credit markets aim to reduce emissions by paying for actions like preserving forests.
These markets are currently valued at about $2 billion annually worldwide.
Some people criticize carbon credits for being unclear and not cutting emissions enough.
A new project seeks to improve the honesty and transparency of carbon markets.
The project focuses on including small landowners, allowing them to earn money for protecting forests.
This report is part of a series called Tipping Point that looks at climate change solutions.
Read the Original
Want the full story? Tap a source to open the original
article.
Federal student loan interest rates will go up for the 2026–27 school year starting July 1, making new loans more expensive. The increase will raise monthly payments and the total amount borrowers must repay over time.
Key Facts
Interest rates on new federal student loans will rise as of July 1, 2026.
Undergraduate loan rates will increase from 6.39% to 6.52%.
Graduate loan rates will increase from 7.94% to 8.07%.
Parent PLUS loan rates will increase from 8.94% to 9.07%.
These rates are fixed for the life of the loan and apply only to new loans.
Rate increases are linked to rising yields on 10-year Treasury notes, influenced by inflation and government borrowing.
Higher interest rates mean students and families will pay more money overall for education loans.
Over 40 million Americans currently hold student loan debt and may face financial pressure from these changes.
Read the Original
Want the full story? Tap a source to open the original
article.
Many companies are cutting jobs as they invest more in artificial intelligence (AI), especially in the tech industry. While layoffs linked to AI are rising, the technology also seems to be causing companies to hire fewer new workers, particularly affecting junior and entry-level positions.
Key Facts
AI-related job cuts total about 50,000 this year, making up 17% of all announced layoffs in 2026.
Companies like Intuit, Meta, and Cisco have announced large layoffs to focus more on AI technology.
Some experts say AI investments help reduce labor costs but may not fully replace workers yet.
Economists observe AI’s bigger impact is fewer new hires rather than mass layoffs.
Entry-level jobs are more likely to be affected by AI automation than senior roles.
Studies indicate AI reduced monthly job growth by 16,000 and raised unemployment slightly.
AI may change the types of jobs available, making it harder for laid-off workers to find similar roles.
Some workers and experts suggest companies should retrain employees instead of cutting them.
Read the Original
Want the full story? Tap a source to open the original
article.
Shoreline Mafia, a rap group from California, has reunited and is gaining strong attention with new music and events. Their recent project, "Bidness Is Boomin," and appearances at popular shows show they are back in the spotlight.
Key Facts
Shoreline Mafia is a rap group from Los Angeles led by OhGeesy and Fenix Flexin.
The group originally formed through interests in skateboarding, graffiti, and music.
Their first song got about 1,000 views, which they felt was a big success at the time.
The group reunited with a careful plan but sped it up after an opportunity with the streetwear brand Supreme.
Their comeback included new music, a Coachella performance, and being brought on stage by Kendrick Lamar.
Their new album "Bidness Is Boomin" aims to keep listeners feeling good and wanting to party.
Their music mixes L.A. party sounds, West Coast rap, and freestyle styles tied to their city.
The group works closely on their songs to make sure the sound hits just right.
Read the Original
Want the full story? Tap a source to open the original
article.
Buc-ee’s is a large Texas convenience store and gas station chain that transformed stops for fuel into a popular travel destination. Founded in 1982 by Arch “Beaver” Aplin, Buc-ee’s expanded from small stores to huge travel centers offering fresh food and a wide variety of products unique to Texas.
Key Facts
Buc-ee’s started in 1982 in Brazoria County, Texas.
The founder, Arch “Beaver” Aplin, named the store after his dog Buck and his own nickname Beaver.
The first Buc-ee’s store was 3,000 square feet, larger than typical gas stations at the time.
Today, Buc-ee’s travel centers can be about 80,000 square feet, much bigger than the industry norm.
Buc-ee’s offers fresh food like barbeque, brisket sandwiches, and breakfast tacos made on-site.
The stores sell many flavors of beef jerky, including their top-selling Bohemian Garlic.
Buc-ee’s combines the convenience of a gas station with the experience of a food and shopping destination.
Aplin's background was in construction science, and he learned the business through experience and adaptation.
Read the Original
Want the full story? Tap a source to open the original
article.
Victoria’s Premier Jacinta Allan will announce a plan to create a government-owned electricity body to hire 2,000 electrical apprentices over four years. The Labor party will also discuss other policies like considering a shorter workweek, adding reproductive health leave, and decriminalising cannabis at their state conference before the upcoming election.
Key Facts
The new apprenticeship program is the first by the government since privatising the State Electricity Commission (SEC) 30 years ago.
The SEC will provide training at two locations in Melbourne and regional Victoria, starting in January 2027.
There is a growing shortage of electricians nationally, with a predicted shortfall of up to 42,000 by 2030.
Reasons for the shortage include fewer students choosing apprenticeships, unclear benefits for employers, and a lack of qualified trainers.
Victoria’s Labor party will finalize its election platform at the conference, including proposals to reduce workweek hours and offer 12 days of reproductive health leave annually.
The party plans to decriminalise personal cannabis use to reduce pressure on police and limit criminal records for vulnerable people.
The conference will also debate motions on issues like higher taxes on gas companies, gambling harm, free public transport, and datacentre emissions.
Premier Allan links the apprenticeship plan to the goal of building careers and community, inspired by her father’s experience with the SEC.
Read the Original
Want the full story? Tap a source to open the original
article.
