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Posted by: Megan Troster
08/07/2016

Consumer confidence 'falls after Brexit vote'. A market research firm conducted a one-line survey of 2,000 people after the Brexit result was known. Its confidence index fell by eight points to minus nine, a drop not since seen December 1994. The survey also suggested that 60% of consumers expect the general economic situation to worsen over the next year, compared with 46% in June. Just 20% expect it to improve, down from 27% last month. (Source: BBCNews)

On the currency markets, the pound edged up 0.2% against the dollar to $1.2931, and was flat against the euro at €1.1665. The pound has spent this week hovering near 31-year lows against the dollar after sterling plunged following the UK's vote to leave the EU. (Source: PoundSterling)

Snapchat sued for allegedly exposing minors to ‘sexually offensive’ material. The “sexually offensive” material included several popular Disney characters associated with sexual acts and innuendo, which the lawsuit claims is objectionable and in violation of the Communications Decency Act. Other controversial sex-focused stories that were featured on Snapchat Discover included headlines such as, “10 Things He Thinks When He Can’t Make You Orgasm,” “People Share Their Secret Rules for Sex” and “I Got High, Blown, and Robbed When I Was a Pizza Delivery Guy,” according to the complaint. (Source: US Weekly)

Leading universities will offer fully accredited undergraduate courses online within five years. Daphne Koller, founder of Coursers, a leading US online university network, said the technology was available but universities had been hesitant about their "reputation". Online degrees can be more affordable and accessible, with 20 million students following courses from about 145 prestigious universities and institutions around the world. (Source: BBC Edu)

 

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