Google is searching for ways to reassure people that it is still out in front in the race for the best artificial intelligence technology. And so far, the internet giant seems to be coming up with the wrong answer. An advert designed to show off its new AI bot, showed it answering a query incorrectly. […]
The UK needs almost a million new plumbers, bricklayers and other trades over the next decade just to keep pace with demand, an industry report has claimed. The UK Trade Skills Index, conducted by Capital Economics on behalf of Checkatrade, the directory of tradespeople, said that the nation was facing an “urgent and alarming” shortage […]
Europe’s market-leading lorry manufacturer must pay Royal Mail and BT about £20 million as part of a landmark cartel damages ruling that could pave the way for further compensation orders. Competition experts predicted that DAF, a company based in Eindhoven in the Netherlands, will pay Royal Mail alone more than £17 million after the competition […]
Britain’s uncompetitive fiscal policies have led AstraZeneca to shift plans for a $360 million investment in a new manufacturing facility from Britain to Ireland, the group’s chief executive has revealed. Sir Pascal Soriot said the pharmaceutical group had wanted to build the new “state-of-the-art” plant close to its existing UK sites in the northwest of […]
This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC Breadcrumb Trail Links News Economy Strong jobs market and economic growth led central bank to hike rates, minutes reveal The Bank of […]
The FTSE 100 reached a fresh record high in early trade this morning as the blue-chip index’s export-heavy members were buoyed by sharp overnight gains on Wall Street. The index — more than two-thirds of whose constituents earn the majority of their revenues in overseas markets — rose 0.8 per cent to an all-time intra-day […]
Rishi Sunak has announced a shake-up of his top team — splitting up the business department and merging it into four new departments. In a bid to focus on his priorities, Sunak has created a new Department of Science, Innovation and Technology that will be led by Michelle Donelan, the culture secretary. Grant Shapps, the […]
British energy company has BP reported record annual earnings amid growing calls for the U.K. government to boost taxes on companies profiting from the high price of oil and natural gas after Russia’s invasion of Ukraine. The London-based company said underlying replacement cost profit, which excludes one-time items and fluctuations in the value of inventories, […]
Bank to business lending is forecast to contract sharply in 2023 while mortgage lending will grow at its slowest pace since 2011 as fears of recession intensify, economists have predicted. According to the latest forecast from EY Item Club, an economic forecasting group, bank to business lending is expected to contract 3.8 per cent this […]
Tesla co-founder Elon Musk has been cleared of wrongdoing for a tweet in which he said he had “funding secured” to take the electric carmaker back into private ownership. Shareholders argued he misled them with his posts in August 2018, and they had lost billions of dollars because of them. The proposed $72bn (£60bn) buyout […]