What does the cryptic crossword clue "Latest news of happy times (7)" mean?

The definition is "Latest news". The wordplay uses a charade (building blocks). UP (synonym of "happy") + DATES (synonym of "times"); definition: "Latest news" The answer is UPDATES.

Latest news of happy times (7)

Guardian Cryptic #28974 | 20 Down | 2023-01-23 flower

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