John Lewis to launch YouTube chatshow to improve AI search results
John Lewis is launching an online chatshow and social media studio to help make itself and its products more visible to chatbots and more prominent in AI search results.
Policy
Yen soars as Bank of Japan tipped to raise interest rates
The Japanese yen has soared by more than 2% against the dollar amid speculation the Bank of Japan is set to raise interest rates.
FCA decides to ban and fine Daniel Thomas over unauthorised pension transfer advice
The FCA has decided to ban Daniel Thomas from working in financial services and fine him £742,700 after finding he recklessly gave defined benefit pension transfer advice he was neither qualified nor allowed to give.
SEC Investor Advisory Committee to Host Sept. 10 Meeting
The Securities and Exchange Commission’s Investor Advisory Committee will host a public meeting at the SEC Headquarters in Washington D.C. on Sept. 10 at 10 a.m. ET to discuss artificial intelligence technologies in the…
Nvidia to buy developer platform Hugging Face in $12.9bn deal
Nvidia will buy the popular developer platform Hugging Face for nearly $13bn, betting that support for open AI models could offset a potential slowdown in demand for the semiconductor giant’s chips.
Reform UK gets another £4m from crypto billionaire pardoned by Donald Trump
Reform UK has been given a further £4m from the British crypto billionaire Ben Delo, with the party saying it is confident the businessman – who was formerly based in Hong Kong – will not be caught by the new overseas d…
HSBC raises Treasury yield forecasts on more hawkish Fed outlook
Federal Reserve Chair Kevin Warsh delivered a hawkish debut performance at his first policy-setting meeting. While the Federal Open Market Committee (FOMC) voted unanimously to hold interest rates steady, the Summary of…
Oil pulls back, Broadcom disappoints - what’s moving markets
The S&P 500 (^GSPC +0.46%) fell 0.17% to 7,786, the Nasdaq Composite (^IXIC +0.45%) lost 0.28% to 26,729, and the Dow Jones Industrial Average (^DJI +0.56%) slipped 0.20% to 53,732 as disappointing economic data stalled…
Child sexual abuse survivor alleges Elon Musk’s AI chatbot used photos of her to generate new illegal images
A survivor of child sexual abuse has sued Elon Musk ’s artificial intelligence company, alleging that its chatbot used pictures of her abuse to generate new illegal pornographic images that depict her.
London’s first self-driving taxis for hire hit the streets
Londoners are now able to hire self-driving taxis for the first time, after rides in Wayve’s autonomous vehicles were added to the Uber app on Thursday.
UK mortgage borrowers brace for rate jump amid global bond sell-off
Homeowners in the UK are braced for a jump in mortgage rates, driven by higher inflation and interest rate increase expectations amid turmoil in the global bond markets.
Apple Maps renames Lake Ontario as ‘Lake America’ for US users after Trump order
Apple has renamed Lake Ontario as “Lake America” for US users of its Maps app, after an executive order from Donald Trump to change the name of the Great Lake amid his trade spat with Canada.
Private equity owns 11 of England’s 20 biggest children’s care providers, research finds
Private equity companies now own or partly own 11 of the 20 largest providers of fostering and children’s homes in England, as calls to ban “obscene” profit-making in children’s care grow.
Why wait? Business grads buying firms to install themselves as CEO
Confined to her hospital bed as she waited for her baby to be induced, Ania Aliev was attempting to finalise a deal to buy a company and put herself in the top job.
BP seeks to end years of boardroom turmoil with appointment of new chair
BP has appointed a new chair after a months-long search triggered by the controversial ousting of Albert Manifold , seeking to draw a line under years of boardroom turmoil at the UK oil and gas company.
Uber to cut 3,300 corporate jobs in management overhaul
• Uber drivers launch European class action over ‘soulless’ and ‘scary’ AI algorithm
UK government does not know what datacentres are being used for, FoI request shows
The UK government does not know what the country’s datacentres are being used for despite fears over the growing environmental impact of the AI boom.
Faisal Islam: Why bond market wildfire is keeping world leaders up at night
It is not just the wildfire burning in the bond markets, with many countries facing interest rates at multi-decade highs.
Tim Cook handed $47m package for new role as executive chair of Apple
Tim Cook has received a $47m (£35m) pay deal as Apple’s executive chair, a remuneration package that nears the level set for his successor as chief executive.
Russian airspace becoming unsafe for commercial airlines, Zelenskyy says
Volodymyr Zelenskyy declared that Russia’s airspace is becoming unsafe for commercial airlines, as Vladimir Putin promised to step up strikes against Ukraine’s energy facilities in the run-up to winter.
Why are UK borrowing costs rising and what does it mean for me?
UK government borrowing costs have been rising, with some now at their highest level since 1998 as investors around the world worry about inflation.
Bank of Canada holds rate as tariffs, oil prices cloud outlook
The Bank of Canada held its benchmark interest rate steady again on Wednesday as new U.S. tariffs and the ongoing war in Iran cloud the central bank’s outlook.
Britain is OK with public ownership, but only by foreign powers. Why?
Have you ever wondered why it is that most houses in the UK are reliant on gas boilers? Not what’s stopping more people from replacing them with heat pumps, but instead why and how the gas boiler became so ubiquitous in…
Range Rover launches its first electric vehicle, with starting price of £154,070
Range Rover has launched its first electric vehicle – a year later than planned – offering a greener option for fans of gargantuan British-made SUVs who are also conscious about the climate crisis.