UK PM Sunak Defends Pandemic Hospitality Scheme At Covid Inquiry
British Prime Minister Rishi Sunak on Monday defended his scheme to encourage people to eat out following the first coronavirus wave, saying it was not responsible for a second wave of infections.
Queen Elizabeth II Cited Threats 'By Extremists' In Letter Urging Security For Prince Harry, Meghan Markle
The Duke and Duchess of Sussex lost their taxpayer-funded security in the U.K. after they left their royal duties in 2020.
EU Proposes Three-year Delay On UK Electric Car Tariffs
Brussels proposed Wednesday a three-year delay on tariffs on the sale of electric vehicles between Britain and the EU that was meant to kick in from January, in a major reversal of its previous position.
US Oil Prices Slide Below $70 A Barrel; Mixed Day For Global Stocks
US oil prices finished below $70 a barrel for the first time since July on Wednesday on a mixed day for global equities, as traders pondered hopes for interest rate cuts from the European Central Bank and the US Federal Reserve.
Microsoft Set To Spend £2.5 Billion On The UK's AI Infrastructure, Here's How It Will Benefit People
Microsoft believes its plans to create a large AI infrastructure in the UK will help create jobs, improve services and protect public security.
OpenAI Investor Predicts There Will Be A Billion Bipedal Robots In 25 Years
Vinod Khosla, an investor in OpenAI. claims the much-awaited GPT-5 would boast unparalleled capabilities.
Global Stocks Mixed As US Crude Prices Slips To Five-month Low
Global stocks were mixed Tuesday as investors digested data suggesting a slowing US labor market, while US crude prices sank to a five-month low amid lingering concerns about demand.
Nobel Prize-Winning Economist Says Generative AI Could Create A 4-Day Workweek
According to Christopher Pissarides, a shorter workweek will not necessarily result in a loss in pay.
UK Raises Minimum Salary For Skilled Migrant Worker Visa
Britain's embattled Conservative government unveiled a raft of measures Monday aimed at cracking down on record levels of regular migration, including raising the minimum salary threshold for a skilled worker visa.
UK Announces Limits On Regular Migration As It Tries To Turn Polls Around
Britain's embattled Conservative government unveiled a raft of measures Monday aimed at cracking down on record levels of migration -- a key battleground in a general election expected next year.
Spotify Streamlines Operations: Cuts Nearly 1,600 Jobs Amid Escalating Costs
This is the third and most substantial round of layoffs for Spotify this year, a move attributed to pressure from an activist investor.
Employing Young People Could Save The Hospitality Sector From A Staffing Crisis
After Brexit, around 92,000 EU workers left the hospitality sector to return to their home country, leaving hospitality leaders pushing vacancies onto young people.
Brexit, COVID And Strikes Have Left Hospitality Businesses In 'Crisis'
UK Hospitality says businesses are left in "crisis" mode after the recent Autumn Statement announced that the standard business multiplier would increase by more than six per cent.
Labour's Pledge to 'Rewire Britain' Sparks Controversy Amidst Tory Party Discord Over Pylon Plans
Labour envisions a comprehensive overhaul that includes updating existing infrastructure, increasing energy efficiency and expanding renewable energy sources.
Head Of Google Bard Addresses Fear Of AI Development
Google Bard lead believes AI isn't a replacement for people but is a system that can come in handy for accelerating people's creativity.
Virgin Pilots First Transatlantic Flight With Low-carbon Fuel
British airline Virgin Atlantic on Tuesday piloted the first long-haul flight powered entirely by Sustainable Aviation Fuel (SAF), an event environmental groups labelled "greenwashing".
The UK Announces £2 Billion Investment In Automotive Industry
British Finance Minister Jeremy Hunt said the UK will invest £4.5 billion in key manufacturing sectors, including automobiles and green industries.
UK Announces Almost GBP30 Bn Of Private Investment At CEO Summit
Prime Minister Rishi Sunak on Monday announced GBP29.5 billion ($37.2 billion) of private funding for new UK projects as more than 200 CEOs descended on London for the 2023 Global Investment Summit.
Will the Autumn Statement Tax Relief and the Media Bill Boost the UK Creative Industries?
The UK government has announced VFX tax relief to boost the UK film and television industry in the Autumn Statement, which, along with the Media Bill, seeks to change how TV shows are made and broadcasted in the UK.
Nissan Triples Investment in Electric Vehicle Production in the UK, Boosting Economy and Jobs
Nissan has announced a groundbreaking £2 billion investment to expand electric vehicle (EV) production in Sunderland.
Asian Markets Ease As US Inflation Comes Into View
Asian markets dipped Monday as investors look ahead to the release this week of key US inflation data that could provide a guide for the Federal Reserve's plans for interest rates going into the new year.
Oil Prices Drop Further After OPEC+ Delay
Oil prices sank further Thursday after the shock decision by OPEC+ to delay a key policy meeting, suggesting fresh discord in the bloc.
Gender Pay Gap for UK Women Aged 40 and Over Predicted to Persist Until Retirement
The gender pay gap in earnings reflects economic inequality about older women entering retirement with lower accrued earnings.
Microsoft Insists Copilot Is A Key Tool For Windows
Windows 10 users can now try out Microsoft's AI-powered Copilot, which was previously only available on Windows 11.
UK-South Korea Sci-Tech Deals To Bolster Tech Cooperation & Joint Hosting of 2024 AI Safety Summit
The UK government has signed a series of sci-tech deals with South Korea to foster cooperation in AI, semiconductors, engineering biology, space tech and other areas during the South Korean PM's state visit to the UK.
Disabled People Have To Earn Benefits As Rishi Sunak Aims To Change the 'Unsustainable' Welfare System
The UK government is changing the unsustainable UK welfare system with a new policy change that will reduce benefits for disabled and mentally ill people and make them work from home.
London Mayor Sadiq Khan Aims To Be 'Pro-Business' With New Investment Announcement for UK SMEs
London Mayor Sadiq Khan has launched a first phase of business funding worth £62 million to help UK SMEs in and around London to scale up, creating more jobs in the region.
Asia Trade Talk Stumble Is Another Setback For US: Analysts
The United States stumbled again in trade negotiations with Asia-Pacific partners this week, a setback that analysts say could weigh on America's standing as a partner in the face of China's growing influence.
New AI and Data Science Conversion Courses Funding To Make the UK Workforce More Inclusive
Banking on the success of the first phase of funding for AI and Data Science Conversion courses, the UK government has further announced £17 million in funding this year to diversify and enhance the AI skills of the nation's workforce.
Cumbria Is Fighting Staffing Crisis In Hospitality And Tourism Sector With Over 200,000 Unemployed
While 80 per cent of Cumbria's population said that they did not want a job, MPs and CEOs are fighting to save its hospitality and tourism sector from crashing.