Google quietly axed its past promise to avoid artificial intelligence applications in weapons and surveillance in a new, updated version of its ethics policy. Previously, the California-based tech giant's "AI Principles" declared that it would not develop AI technologies that could "cause or are likely to cause overall harm." That meant a promise to not …
The Bank of England is widely tipped to cut its benchmark interest rate to 4.5% today, which analysts and market observers have widely forecasted. And as we delve into the importance of the decision, you'll also have the opportunity to engage in our live Q&A at 4.30pm with experts addressing your most critical questions. This …
In what is poised to be an interest rate cutting move, it seems the Bank of England would cut its base rate from the current 4.75 percent to 4.5 percent in the scheduled meeting this Thursday. This development comes in light of the Bank of England after December's slightly softer inflation rate and the need …
Barclays Bank has moved quickly to restore its services after a major technical failure over the weekend left thousands of customers frustrated with delayed transactions and out-of-date account balances. The bank's services were affected for millions, but the disruption was not due to a cyber attack. Instead, it was an IT glitch that had not …
The UK's economic outlook has hit a snag with recent forecasts showing that the country is likely to grow at 1 per cent in 2025, down from earlier estimates. This downward revision is a blow to Chancellor Rachel Reeves's efforts to stimulate rapid economic growth and support the government's expansive spending plans. The latest statistics, …
Recent announcements have sent shockwaves through global financial markets. Investors across Europe and the US are bracing for the impact after President Trump's move to impose tariffs on China, Canada, and Mexico. Markets are reacting strongly as uncertainty builds over potential retaliatory measures from these nations. This uncertainty is not only rattling investor confidence but …
Barclays customers are still suffering from intermittent payment and transfer errors after a massive IT failure knocked out the High Street bank's app and online banking services. Problems that started on Friday—the last day before payday for many UK workers as well as the deadline for submitting self-assessment tax returns—have meant customers were unable to …
Supermarket chain Lidl, which operates more than 1,000 stores throughout the UK, has placed a recall on two of its pretzel items after the affected products were said to cause a burning sensation in the mouth. The pretzels involved are Alpenfest Style Salted Mini Pretzels and the ones covered with milk chocolate. Customers are therefore …
The Federal Reserve, under pressure from Donald Trump to cut interest rates, has resisted his calls and instead voted to keep borrowing costs steady, indicating that rates could remain elevated for the foreseeable future. This development comes despite former President Donald Trump's public demand last week for an immediate rate drop. In its first policy …
Despite the disappointing sales and deliveries, Tesla saw its stock price quadruple over the past year to that extent, revealing the electrical vehicle market's depth of unpredictability. Tesla reported its fourth-quarter earnings for 2024 on Wednesday after the US stock markets closed. While the financial results for the company indicated a tough sale, the story …
Tesco plans to cut 400 jobs in UK stores and its head office as part of efforts to improve efficiency. The move is part of the retailer's overall plan to make it more efficient in a highly competitive retail market. Employees in Tesco Mobile stores, in-store bakeries, and managerial roles at the supermarket's headquarters are …
Lloyds Banking Group has announced the closure of 136 more high street branches in the UK, as it presses on with its shift towards digital banking. It will close 61 Halifax locations, 61 Lloyds, and 14 Bank of Scotland sites from May this year and up to March 2026. The decision is part of a …
OpenAI is probing allegations that its artificial intelligence (AI) models were used in building the rival chatbot known as DeepSeek. The San Francisco-based company, working in partnership with Microsoft, its significant investor to the tune of $13 billion, has raised concerns over Chinese startups frequently leveraging its technology to create competing products. Both OpenAI and …
HSBC, long an iconic figure on the streets of Europe and around the world, has announced the end of one of its strategic ambitions: competing with JPMorgan Chase, Goldman Sachs and other Wall Street and City of London titans. This move, which has caught many within the bank off guard, is part of the bank's …
