Tag: rates
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AI project failure rates are on the rise: report
Dive Brief: More enterprises reported AI project failures this year compared to 2024, according to analysis from S&P Global Market Intelligence. The findings are based on a survey of more than 1,000 respondents in North America and Europe. The share of companies abandoning most of their AI initiatives jumped to 42%, up from 17% last…
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Mortgage price war heats up as rates fall below 4%: homebuyers urged to act fast
A mortgage price war has erupted among major UK lenders, with Santander, Barclays, and Nationwide all launching deals below 4% for the first time since November. The rate cuts come as the Bank of England’s recent decision to lower the base rate to 4.5% fuels competition among lenders as more people look to secure cheaper…
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Are mortgage rates going down?
The Bank of England (BoE) has cut the base rate to 4.5%, marking its third reduction in six months. This comes as inflation cools but remains above target. For those wondering “Are mortgage rates going down?”, the answer is yes – but slowly. The average two-year fixed mortgage now sits at 5.89%, while a five-year…
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DOT says it will tie funding to birth, marriage rates
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: A new, undated memo from the DOT urges the department to give grant preferences to “communities with marriage and birth rates higher than the national average.” The action comes after the DOT announced that Transportation…
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Heat pump giant claims three key fixes could transform UK adoption rates
Swedish clean energy company Aira has made bold claims about its ability to transform heat pump adoption in the UK, where uptake remains stubbornly low at just 1% of households. As part of its £300 million investment into the UK’s clean energy transition, Aira says three key changes – reducing red tape, cutting electricity costs…