Business

The creator of ChatGPT warned that , a ban on the use of news and books for training chatbots, would doom artificial intelligence development. OpenAI told colleagues that it would "be impossible" for it to create services like ChatGPT,…

The UK's largest train operator, despite a strike-ridden service and rising fares, has given a record dividend to its three overseas shareholders. Govia Thameslink paid its Australian, Spanish, and French owners - including Keolis (an…

BYD's growing popularity has renewed concerns about China's auto dominance Berkeley Street in Mayfair is a haven for car enthusiasts. It's lined with showrooms that display Ferraris, Bentleys, and McLarens through giant windows. A…

In the beginning of this new year, investors in Rolls-Royce who have not had much to cheer about in the past are now in a good mood. The Stoxx 600, Europe's biggest listed companies, will see the FTSE Engineer's share price rise by 224…

Royal Mail plans to introduce parcel lockers, which will enable people to collect their online orders from anywhere in the UK. The company is racing to keep up with competitors such as Amazon. Nick Landon told reporters that the chief…

Few bosses, even in the age of executive salaries that are astronomical, would turn down an additional €100m. Fewer billionaires are often seen carrying cardboard props in the small elevator of a London hotel before a press event. Michael…

As borrowing costs increase and governments remove pandemic-era support measures for businesses worth trillions, corporate bankruptcies in advanced economies are rising at double-digit rate. Following a decade of decline the number of US…

BlackRock was sued on Monday by the US state Tennessee. The lawsuit accused the $9.1 trillion New York-based asset management firm of violating consumer laws by ignoring environmental, social, and governance factors when developing its…

Lloyd's of London and its landlord Ping An have agreed to remain at their One Lime St headquarters until 2035 at least, as a sign of commitment to the in-person trading in the City's Insurance District. The Friday deal gives Lloyd's - an…

Campari will buy Courvoisier Cognac, a US-Japanese spirit group Beam Suntory. The deal is valued at $1.32bn. Global sales of this drink are stuttering. The deal will be the largest acquisition for the Italian spirits group. Leading…

The French media conglomerate Vivendi has proposed splitting into three separate businesses, which would be listed separately. This would be a major revamp led by Vincent Bollore. The Paris-based firm said that it had begun working with…

The head of a British business lobby group warned that a lack of workers had contributed to 'anti-growth situations' in the UK. Shevaun haviland, the director-general of British Chambers of Commerce said in an article that the…

The UK small business group has asked the country's main financial regulator to help stop "unfair" banking practices that are making entrepreneurs risk their homes unnecessarily. The Federation of Small Businesses told it had filed a…

Somerset Capital Management is closing after large redemptions from clients made it unsustainable. This move represents a dramatic turnaround in fortunes for Somerset. A specialist in investing in emerging markets at its height in 2018,…

Ofwat questioned Thames Water about how it could justify paying a dividend of £37.5 million to its parent company without breaking rules meant to safeguard consumers and the environment. The water regulator announced that it was…

Vail Resorts agreed to purchase the Crans-Montana resort in the Swiss Alps for SFr118.5mn (US$136mn). This deal will give Colorado-based Vail Resorts ownership of a legendary European holiday destination. Crans-Montana, located in the…

A new UK government report found that management consultants and City of London financial workers were among the most affected by workplace changes brought about by artificial intelligence. The report called for changes to schools and…

Barclays is considering dropping many investment bank clients to increase profits and reduce costs by £1bn. Barclays' executives met more than once this year to discuss the restructuring. The codename for the project is Minerva, after the…