BUSINESS

The UK economy has returned to growth, data showed Friday, easing fears of an inflation-induced recession as the government readies next week's budget against the backdrop of a cost-of-living crisis.

"In my opinion, this lack of innovation doesn't only limit the video game market potential but also impacts player experience."

Groq, a Silicon Valley chip startup founded by a former Alphabet Inc engineer, said on Thursday it has adapted technology similar to the underpinnings of the wildly popular ChatGPT to run on its chips.

General Motors Co on Thursday said it was offering buyouts for most of its salaried employees and expects to take a pre-tax charge of up to $1.5 billion to cover the costs.

AI is now entering the holiday market, and software company Craft explains how it can help customers create their perfect spring break vacation.

The union representing American Airlines pilots will take a strike authorization vote in April, underscoring a broader push by North American pilots to make gains on salary and working conditions as air traffic increases sharply.

Shares of crypto-focused companies fell on Thursday after Silvergate Capital Corp disclosed plans to wind down operations and voluntarily liquidate, as the aftermath of FTX's implosion last year reverberates through the industry.

In their fifties and deciding there was more to life than work, Liz and Ian Woodbridge quit stressful jobs during the pandemic - part of a cohort of British early retirees now resisting a government call to return, despite rising living costs.

Crypto-focused bank Silvergate Capital Corp said on Wednesday it planned to wind down operations and voluntarily liquidate after it was hit with losses following the dramatic collapse of crypto exchange FTX, sending its shares down 35% in after-hours trade.

Investors Aviva and M&G on Thursday joined calls for Britain to press ahead with financial reforms and give high-growth sectors such as technology companies more support to keep London's markets competitive.

Credit Suisse has postponed publication of its annual report after a last-minute call from the United States Securities and Exchange Commission (SEC), which raised questions about its earlier financial statements.

Two years after inflation began its rapid ascent, investors, economists and policymakers remain divided on the path ahead.

Hedge funds' bullish equity positioning in Europe is in line with some of the highest levels of the past five years but the appetite for stocks may fade amid rising interest rates and dour signals from bond markets, JP Morgan said in a note to clients on Thursday.

Britain's revamped financial market rules will largely be aligned with U.S.

U.S. President Joe Biden and European Commission President Ursula von der Leyen are expected to agree on Friday to begin negotiations on ensuring free-trade agreement-like status for the European Union.

Women still lag far behind men in the economy and politics and surging inflation last year disproportionately hurt their financial health.

The European Union's executive body said on Wednesday it will finalise a long-delayed discussion forum for EU and UK financial regulators, once the deal on Northern Ireland has been implemented by Britain.

Bank of England rate-setter Swati Dhingra said on Wednesday that it would be prudent not to raise interest rates further, as previous increases in borrowing costs are yet to feed through into an already weak economy.

Research carried out by BesteOnlineCasinos has revealed the countries with the largest difference in earnings between male and female eSports players.

Warren Buffett's Berkshire Hathaway Inc has resumed its purchases of Occidental Petroleum Corp shares after a five-month hiatus, increasing its stake in the oil company to about 22.2%, a regulatory filing showed on Tuesday.

Markets sank Wednesday, the dollar held big gains and oil struggled to recover from hefty losses after Federal Reserve boss Jerome Powell opened the door to a quicker pace of interest rate hikes as officials battle to tame inflation.

Credit Suisse has received regulatory green light from China after years of waiting to launch a full-fledged wealth management business in the world's second-biggest economy, according to a company memo reviewed by Reuters.

Adidas said Wednesday it was still weighing what to do with its huge inventory of Kanye West's Yeezy products after it ended its partnership with the controversial rapper.

The Bank of Canada is expected to keep rates on hold on Wednesday, becoming the first of the world's major central banks to suspend their tightening campaign, after economic growth stalled in the fourth quarter of last year.

Chipperfield is renowned for renovations and reconstructions of old buildings.

In Britain, gender inequality was exacerbated by a "childcare affordability crisis" and the "low take up by fathers of shared parental leave", the report said.

Swiss fragrance and flavour maker Givaudan said on Tuesday that it was being investigated by European Union and Swiss antitrust authorities.

Britain's labour market showed further signs of cooling as permanent job placements fell for the fifth month in a row in February and pay growth slowed, reflecting employers' concerns about the economy, a survey published on Wednesday showed.

High-street retailer WH Smith was hit with their second cyber-attack in the space of a year last week.