Second AI company in “civil war” over leadership
A week after Sam Altman was victorious in a power battle with ChatGPT maker OpenAI, the chief executive of another…
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Adobe’s Figma deal worth $20 billion could harm UK competition
A new UK government report found that management consultants and City of London financial workers were among the…
Lloyds boss warns of bank windfall tax in the wake of Labour’s election…
Lloyds Bank's chief executive has asked Labour and the Government not to impose a windfall tax in his industry,…
M&S supplier: Office workers are switching from sushi to sandwiches due to…
According to a major supplier of supermarket lunch deals, office workers are switching from sushi to sandwiches due…
Rolls-Royce sells its flying taxi business
Rolls-Royce has launched a sales program worth £1.5bn to sell its electric plane and flying taxi businesses.
Mr.…
UK study finds that AI will have the greatest impact on high-flying city workers
According to a government report published on Tuesday, high-flying professionals from the City of London are likely…
Barclays is exploring a plan to drop thousands investment banking clients
Barclays is considering dropping many investment bank clients to increase profits and reduce costs by £1bn.…
Amazon Cloud boss hits back at Microsoft for OpenAI troubles
The head of Amazon’s cloud division used the recent turmoil at OpenAI as a way to launch a thinly-veiled attack…
Dollar at 3-month low after Fed official signals rate fall
Investors are increasingly confident that US Federal Reserve will begin cutting interest rates in mid-2024. The…
EU regulator warns that Amazon’s acquisition of iRobot may restrict…
Amazon's proposed $1.45bn purchase of iRobot drew a formal opposition from the EU's Antitrust regulator. The…
CBI warns UK retailers to prepare for disappointing Christmas sales
The CBI's Distributive Trades Survey found that British retailers are bracing themselves for a disappointing…
UK Reaches tentative pay deal to stop senior doctor strikes
The UK has struck a proposed pay deal with unions representing senior doctors, potentially ending six months of…
Saudi Arabia seeks OPEC+ oil production quota cuts while some members resist
Saudi Arabia has asked other members of the OPEC+ alliance to reduce their oil production quotas to stabilize…
Branston Pickle Maker Forced to Make ‘Unprecedented Price Increases’
After manufacturing costs skyrocketed, Branston Pickle was forced to increase prices in an "unprecedented way".…
Andrew Bailey says that Britain’s outlook for growth is the…
Andrew Bailey said that the economic outlook is the worst of all times, and Britain is struggling to increase low…
Weight loss drug manufacturer plots a ‘buy Now, Pay Later’ offer
Novo Nordisk wants to help more people get Wegovy jabs, including those who are currently unable to access them.…
Barclays and Metro Bank are in discussions to sell a £3bn book of mortgages
Metro Bank will soon sell a significant portion of its mortgage portfolio to Barclays, after shareholders approved…
Volkswagen Germany to Cut Thousands of Jobs
Volkswagen in Germany has warned its employees that they will be facing a wave of job cuts. The company is fighting…