UK spends £100m on AI chip race
The UK government will invest £100m in an effort to gain a foothold for the UK on the global stage of producing…
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Study finds that some UK residents pay twice as much tax on their earned income as…
According to a study on inequality in the UK's tax system, a graduate who earns £35,000 per year pays nearly twice…
The global economy is headed for turbulent times
What's happening with the global economy? The global economy can be described by comparing it to a plane that…
Saudi Arabia is after Britain’s military treasure
Mohammed bin Salman sees the Kingdom as the next industrial powerhouse in the world
Saudi Arabia has…
Ryanair revenue increases by £18 billion pounds thanks to airline baggage fees and…
Ryanair has made £18 billion from adding-on fees in the last decade. Passengers are charged "eye-watering"…
Welsh sports car factory built with taxpayers’ money still vacant 12 months…
After a year of refurbishment, a £12m taxpayer funded sports car factory in Wales has yet to produce any cars.…
Robot chef from Ocado sold at pennies a pound
A startup that made robot chefs and attracted millions in investment from Ocado has been sold in a pre-pack…
China to reduce lending rates as the economic recovery drags
China will likely make its biggest cut to two of the core lending rates this year as policymakers and the banks are…
China calls on Brics to be a geopolitical rival of G7
This week, China will try to make the Brics group of emerging markets a rival to the G7. Leaders from around the…
Hunt’s tax-cutting dreams are shattered as bond yields soar to 2008 levels
The government borrowing costs are at their highest level since 2008. This is a blow for Jeremy Hunt’s hopes to…
ITM, a manufacturer of hydrogen equipment, hails “tangible progress”…
ITM Power, a UK manufacturer of hydrogen equipment, said that it had made "tangible progress" in its turnaround…
BAE buys Ball’s Aerospace business for $5.6bn
BAE Systems is moving into the US space domain with the $5.6bn acquisition of Ball Aerospace, a supplier of…
US abandons effort to include anti-whaling clause in Indo-Pacific Pact
After fierce opposition from Tokyo, and concerns from US officials, the Biden administration dropped its efforts to…
Top Google AI experts select Japan for their own AI development
Former Google researchers who wrote a paper that sparked the generative AI revolution have teamed up with an…
Walmart sales increase as inflation drives consumers to bargains
Walmart says that easing US price pressures and a strong labor market are supporting American shoppers. However, it…
UK corporate profitability remains stable despite ‘greedflation’…
Official data shows that the profitability of UK non-financial private companies has remained unchanged in the…
Global investors dump Chinese securities as state support hopes fade
Foreign investors are selling Chinese bonds and stocks after Beijing failed to deliver on its promises of…
Shares of Adyen, a payments group, plunged almost 40% following disappointing…
Adyen's shares fell almost 40% on Thursday, after a hiring frenzy and the competition from rivals in the US such as…