John Lewis has reported a sharp rise in losses for the first half of the year, with figures nearly tripling to £88 million, driven by soaring costs linked to new waste packaging rules and higher National Insurance Contributions (NICs). The employee-owned retailer, which operates John Lewis department stores and Waitrose supermarkets, revealed that losses before …
By Utsav DhimanAlumnus and Former Research Officer, University of Essex, United Kingdom In the spring of 2024, headlines buzzed with news of a tiny London startup quietly achieving unicorn status, joining a rare league of companies valued at over a billion dollars. Yet this is not the latest social media platform or fintech disruptor. It …
Apple has officially announced that its Worldwide Developers Conference (WWDC25) will take place from June 9 to 13. This free, all-online event promises an exciting week packed with the latest advancements in Apple technology, tools, and platforms. Developers from around the globe will tune in to connect with Apple engineers, designers, and product experts, gaining …
When Apple unveiled its AI system, known as Apple Intelligence, it promised to change how we interact with our devices. However, after a year of use, many users feel let down. The question on everyone's mind is: why did Apple Intelligence not get traction? In this article, we'll explore the various factors that contributed to …
The US dollar has dropped to a three-year low following intensified attacks by Donald Trump on Federal Reserve chair Jerome Powell and sweeping tariff announcements. The greenback’s slump has sent shockwaves through financial markets, while gold surged past $3,500 per ounce as investors rushed to safe-haven assets. The sudden drop in the dollar triggered a …
Tesla, the electric vehicle (EV) giant led by Elon Musk, has been making waves globally for over a decade. From revolutionizing the auto industry with sleek, high-performance electric cars to pushing the boundaries of renewable energy, Tesla has become synonymous with innovation. Now, with its much-anticipated entry into India—the world’s most populous country—Tesla is poised …
OpenAI has officially brought ChatGPT to WhatsApp, making it the first time the AI chatbot is available on the platform — and it’s entirely free to use. This new feature allows users to converse with ChatGPT just like they would with a human or Meta's built-in AI on the messaging app. This launch is part …
Tax havens, countries with low or no income taxes, have long been a topic of discussion, particularly among high-net-worth individuals (HNIs).The allure of lower tax burdens has led some to consider changing their nationality to relocate to these jurisdictions. However, before embarking on such a significant decision, it's crucial to weigh the potential benefits against …
European markets are poised for a mixed opening on Thursday as investors digest a series of central bank actions. According to IG data, Germany's DAX and France's CAC 40 are expected to open slightly below the flatline, while the U.K.'s FTSE 100 is set to edge higher. The spotlight today is on the Bank of …
Women in Scotland have reached a significant milestone in business, with female entrepreneurs now equalling the number of male entrepreneurs for the first time. A recent report indicates that women were initiating and managing new businesses at almost the same rate as men last year. The Global Entrepreneurship Monitor (GEM), an annual survey of entrepreneurship, …
SpaceX's Falcon 9 rocket experienced a rare anomaly on Thursday night (July 11). The incident took place during the launch of SpaceX's Starlink internet satellites from Vandenberg Space Force Base in California. Initially, the Falcon 9 performed well; its two stages separated on schedule, and the first stage successfully landed on a drone ship about …
The EY’s annual Scotland attractiveness survey, published on Thursday, revealed that Scotland secured 142 foreign direct investment (FDI) projects last year, marking a 12.7% increase from the previous record of 126 in 2022. This achievement represents the fifth consecutive year of growth in Scotland's FDI projects. In contrast, Europe experienced a 4% year-on-year decline, with …
Microsoft has relinquished its observer seat on the board of OpenAI, while Apple will not be taking up a similar role, amid increasing global regulatory scrutiny of Big Tech’s investments in AI startups. Microsoft, which has invested $13 billion in OpenAI, the creator of the ChatGPT chatbot, announced in a letter to OpenAI that its …
Singapore-based online fashion retailer Shein has reportedly filed confidential paperwork for an initial public offering (IPO) with the Financial Conduct Authority (FCA), the UK's markets regulator. This move marks a significant step towards a potential blockbuster listing in London, following the company's decision to abandon plans for a New York IPO. Shein, which saw its …
