American University of Beirut president says Cyprus campus key to institution's global outreach
The president of the American University of Beirut says Cyprus bested 15 other countries as the most suitable to host the institution’s first overseas campus
1970-01-01 08:00
Edmunds Compares: 2023 Kia EV6 GT vs Tesla Model Y Performance
The electric car market is speeding up as consumer interest in EVs grows and a steady stream of new models are introduced
1970-01-01 08:00
US beefs up campaign to ensure accurate animal welfare claims on meat, poultry packaging
The U.S. Department of Agriculture says it hopes to weed out false or misleading animal-welfare claims on meat and poultry packaging with new guidance and testing
1970-01-01 08:00
Less than half of children ‘have received a meaningful financial education’
Less than half (47%) of children and teenagers aged seven to 17 have received a meaningful financial education, according to a Government-backed body. The Money and Pensions Service (MaPS) estimates from its findings that around 5.4 million children across the UK do not have the money skills they will need in adulthood. Children living in social housing, rural areas and in lower income households were found to be less likely to have received a meaningful financial education. And children with parents or carers with mental health conditions tend to be less likely to have received a meaningful financial education than the UK average, the findings indicate. The measure of meaningful financial education is based on the percentages of young people who recall receiving financial education at school that they considered useful, and/or received regular money from parents or work, with parents setting rules about money and handing over responsibility for some spending decisions. Research was conducted for MaPS between late summer and autumn 2022 across the UK by Critical Research, among more than 4,700 children and young people aged seven to 17 and their parents or carers. The proportion of children and teenagers found to have received a meaningful financial education is similar to 2019, when the figure was 48%. The report said: “When interpreting these results, it is worth remembering the disruption to education and normal life caused by the Covid-19 pandemic potentially limited opportunities for children to receive a meaningful financial education at school and/or home over the last three years. According to the latest findings, a third (33%) of children recall learning about money in school and finding it useful, and nearly a quarter (24%) have received key elements of financial education at home. It is worth remembering the disruption to education and normal life caused by the Covid-19 pandemic Money and Pensions Service report Only 10% reported having both, suggesting that children and young people tend to receive meaningful financial education either at home or at school and not as “joined-up” financial education, the report said. Younger children aged seven to 11 continue to be less likely to have received a meaningful financial education than older children aged 16 to 17, according to the report. Children in Scotland are the most likely (52%) to have received a meaningful financial education, the report indicated, followed by those in Wales (51%), England (46%) and Northern Ireland (43%). Those in Wales (79%) are more likely than those living in the UK (71%)as a whole to receive regular money from parents/carers or work, according to the research. As part of its UK strategy for financial wellbeing, released in 2020, MaPS is aiming for two million more children aged five to 17 to receive a meaningful financial education by 2030. It is urging parents to talk to their children about money and combine it with everyday experiences, such as food shopping, budgeting and wages from a part-time job. Our experiences in childhood prepare us for adulthood and learning about money is no different Sarah Porretta, Money and Pensions Service To help with this, MaPS offers free resources such as “talk learn do“, an online tool that helps parents to start the conversation. The MaPS, which is sponsored by the Department for Work and Pensions (DWP) and funded by levies on the financial services industry and pension schemes, added that teachers, school leaders and governors should work together to deliver financial education in classrooms. It is also calling on financial services and funders such as charitable trusts to increase their investment in the delivery of financial education. Sarah Porretta, executive director at MaPS said: “These figures will alarm everyone in financial education because more than five million children could be going without. “Our experiences in childhood prepare us for adulthood and learning about money is no different. It becomes a part of daily life and our financial decisions can bring real benefits and profound consequences, so it’s crucial to learn from a young age. “The race is on to educate the nation’s children and everyone, from banks and building societies to foundations and financial institutions, has a big part to play. “Parents and schools can also make a huge difference by combining money skills with everyday experiences, both inside and outside the classroom.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Harry Potter star Miriam Margolyes makes British Vogue cover debut aged 82 Toff: Drinking mindfully is a gift to yourself Should you sleep naked? Heatwave myths debunked
1970-01-01 08:00
Stock market today: Global stocks, Wall Street futures mixed after US inflation cools
Global stock markets and Wall Street futures are mixed after a cooler reading on U.S. inflation fueled hopes the Federal Reserve will postpone a possible interest rate hike
1970-01-01 08:00
How Europe is leading the world in the push to regulate AI
Authorities worldwide are racing to rein in artificial intelligence, including in the European Union, where groundbreaking legislation is set to pass a key hurdle
1970-01-01 08:00
Long-awaited Vietnam energy plan aims to boost renewables, but fossil fuels still in the mix
Vietnam has released a long-anticipated energy plan meant to take the country through the next decade and help meet soaring demand while reducing carbon emissions
1970-01-01 08:00
As conditions for Syrians worsen, aid organizations struggle to catch the world's attention again
Aid agencies will struggle to draw the world’s attention back to Syria at an annual donor conference hosted by the European Union in Brussels for humanitarian aid to Syrians
1970-01-01 08:00
Federal assistance sought for northeastern vineyards, orchards hit by late frost
Vineyards and apple orchards across the Northeast are still gauging damage from a late-season frost in May that wiped out a third to most of the crop for some growers who say it's the worst frost damage they've ever seen
1970-01-01 08:00
Toyota shareholders reject proposal demanding better performance on climate change
Toyota executives have fielded challenges and reaped praise from investors at an annual general meeting where shareholders ultimately rejected demands the automaker do better on fighting climate change
1970-01-01 08:00
Stove wars: Republican-controlled House takes up bills to protect gas stoves
The Republican-controlled House is taking up legislation that GOP lawmakers say would protect gas stoves from over-zealous government regulators
1970-01-01 08:00
Federal Reserve is likely to skip a rate hike at pivotal meeting Wednesday yet signal more to come
The Federal Reserve, having raised interest rates at the fastest pace in four decades, is poised Wednesday to leave rates alone for the first time in 15 months to allow time to gauge the impact of its aggressive drive to tame inflation
1970-01-01 08:00