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Your 60 second weekly update

Posted by: Megan Troster
13/05/2016

1. The Bank of England has given its sternest warning yet, that a UK vote to leave the EU could hit the economy. A leave vote may cause sterling to fall and unemployment to rise, according to the latest minutes of its Monetary Policy Committee (MPC). Against the backdrop of tight opinion polls, the bank described the referendum on EU membership as “the most immediate and significant risk” for the UK’s economic outlook.
The Bank warned a vote to leave the EU could:
• Push the pound lower, “perhaps sharply”
• Prompt households and businesses to delay spending
• Increase unemployment
• Hit economic growth
• Stoke inflation
(Source: The Guardian)

2. Women in the UK are now 35% more likely than men to go to university, according to the Higher Education Policy Institute (HEPI) and the gap is widening every year. A baby girl born in 2016 will be 75% more likely to go to university than a boy, if the current trend continues. In 1990 there were 34,000 women graduating from UK universities, compared with 43,000 men. By 2000, the positions were reversed with 133,000 women graduating, compared with 110,000 men. (Source BBCNews)

3. Facebook profits have almost tripled after it revealed that nearly half the world’s internet population uses the social network. The web giant, founded and run by Mark Zuckerberg, boosted by an 82% year-on-year rise of advertising revenues to $2.27bn. On Wednesday Facebook reported a stellar $1.5 billion first-quarter profit or 52 cents per share in 2016 -- nearly triple of last year's profits of $512 million in the same period. Facebook revealed that it now has 1.28bn monthly active users, or almost half the world’s internet population, up from 1.23bn last quarter. A billion of these now use their mobile phones to access the social network. (Source: The Telegraph)

4. A quarter of Windows users are running outdated versions of Internet Explorer which is potentially allowing criminals to compromise machines with malware, banking trojans and ransomware. According to security company Duo, 25% of Windows devices are running on old or unsupported version of Microsoft's browser. Half of all Windows XP devices run either Internet Explorer 7 or 8, which is currently on version 11. Failure to update Internet Explorer could expose Windows users to more than 700 known vulnerabilities. (Source: Duo.com)

 

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