THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, Victoria Wells and others. Daily content from Financial Times, the world’s leading global business publication. Unlimited online access to read articles from Financial Post, National Post […]
Elon Musk has launched legal action against OpenAI, the developers of ChatGPT, asserting that the company has veered away from the principles agreed upon when he co-founded it in 2015. The lawsuit, which also targets OpenAI CEO Sam Altman, alleges that the company has strayed from its original non-profit, open-source objectives. Instead of focusing on […]
Royal Mail has confirmed that stamp prices will rise again, marking the fourth increase in the past two years for first-class letter postage. Effective from 2nd April, the price of a first-class stamp will climb by 10p to £1.35, while second-class stamps will also see a 10p hike to 85p. The decision comes amidst warnings […]
London’s Mayor, Sadiq Khan, has officially announced today that a groundbreaking trial will kick off next Friday, 8th March. This initiative will see Tube and rail fares on pay as you go with contactless and Oyster cards set to off-peak rates all day on Fridays. The Mayor has introduced this trial to aid Transport for […]
UK car production surged ahead in January, as revealed by the latest data from the Society of Motor Manufacturers and Traders (SMMT). With volumes increasing by a substantial 21.0% to reach 82,997 units, this represents the strongest January performance since 2021 and marks the fifth consecutive month of growth. The boost in production comes amidst […]
Preparatory work for the £1.75bn Midlands Rail Hub initiative is poised to begin after the government allocated an additional £123m towards the project. The ambitious scheme encompasses over 50 stations, with the initial phase set to introduce an extra train service every hour in both directions between central Birmingham and key destinations such as Bristol, […]
Rachel Reeves, the shadow chancellor, has conceded that it will require substantial time for a Labour government to steer Britain back on course, lambasting the Conservatives for what she described as economic vandalism spanning the past 14 years. Speaking ahead of next week’s budget, Reeves remarked that whichever party clinches victory in the upcoming election […]
Christian Horner, the team principal of Oracle Red Bull Racing, has been cleared of misconduct following an independent investigation following allegations of inappropriate behaviour towards a female employee prompted an inquiry by team owners Red Bull. The 50-year-old Horner has been vindicated by an independent barrister tasked with reviewing the evidence. The statement from a […]
Thames Water, the UK’s largest water firm, is facing financial challenges due to its massive £18 billion debt burden as the water regulator, Ofwat, has told the firm it must secure additional funding independently, rather than relying on a taxpayer bailout. The company hopes to reach an agreement with Ofwat and the government to avoid […]
Aston Martin Lagonda fell short of its revised production targets for 2023, facing delays in the launch of the £185,000 DB12 sports car, resulting in 6,620 deliveries to dealers, below the revised goal of 6,700. Despite this setback, the company reported an 18% increase in revenues to £1.6 billion, buoyed by the sale of limited […]