Table of Contents

• UK Inflation

• Golden Goose

• Elon Musk on X advertising

Top Stories Today

Economy & Finance

UK Inflation

UK inflation has retreated to the Bank of England's 2% target for the first time in nearly three years, according to the Office for National Statistics. In May, consumer price growth moderated from 2.3% in the previous month. This development, while potentially paving the way for future interest rate cuts, highlights persistent pressures in the services sector, where inflation remained stubbornly high at 5.7%, slightly lower than April's 5.9%. Despite this milestone, uncertainties linger about sustained inflationary trends, particularly in areas like restaurants, hotels, and housing costs, where price increases continue to reflect ongoing economic challenges and wage pressures.

Technology

Elon Musk on X advertising

Elon Musk addressed criticisms today at the Cannes Lions advertising festival, clarifying his earlier comments directed at advertisers who withdrew from X. Musk emphasized that his remarks about "go f--- yourself" were not aimed broadly at advertisers but were intended to defend the principle of free speech on the platform. He underscored the importance of maintaining X as a global platform where diverse viewpoints can be expressed, even if it means risking financial losses due to disagreements over censorship. Musk reaffirmed his commitment to supporting free speech while ensuring that content remains within legal boundaries on the platform.

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