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      Bailey warns AI may not ‘live up’ to market hype

      Andrew Bailey, Governor of the Bank of England, in a suit and tie, looking thoughtful during a press conference.

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      After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom

      Nvidia CEO Jensen Huang, a man with gray hair and glasses, wearing a black leather jacket, looking upwards.

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Politics

  • PM’s election plan scuppered as Labour holds out until Halloween

    September 4, 2019

    The Prime Minister has claimed Labour is running scared after losing yet another vote, this time on whether to hold an election. Facing the house after it was revealed he had failed to secure the required two-thirds majority for an election, Boris Johnson told MPs he could “only speculate as to the reasons” opposition leader [...]

  • Sajid Javid’s spending plans raise eyebrows at think tanks and business bodies

    September 4, 2019

    Chancellor Sajid Javid today announced he would “turn the page on austerity” with the biggest increase in government spending for 15 years. Read more: Sajid Javid proclaims the ‘end of austerity’ in spending round In his first major announcement after taking the helm of the UK economy, Javid turned his back on the approach of [...]

  • Could there be a UK general election in 2019?

    September 4, 2019

    Boris Johnson suffered his first parliamentary defeat as Prime Minister last night as 21 of his own Conservative MPs rebelled against him on a crucial bill – could he now call a UK general election? The PM lost a vote by 328 votes to 301 that means the Commons will today decide whether or not [...]

  • Chancellor Sajid Javid proclaims ‘end of austerity’ in spending round

    September 4, 2019

    Sajid Javid has proclaimed the “end of austerity” with a new spending round that protects every government department, with an additional £2bn to spend on Brexit planning. The chancellor said he would “turn the page on austerity”, tipping the country to move from “a decade of recovery to a decade of renewal”. Read more: Javid [...]

  • Sterling surges above $1.22 after MPs rip up Boris Johnson’s Brexit strategy

    September 4, 2019

    The pound hit $1.22 against the dollar as it continued to rise after MPs defeated Prime Minister Boris Johnson’s Brexit strategy in Parliament last night. Sterling hit $1.22 by lunchtime, helped by poor US manufacturing data, before falling back slightly. The pound is now hovering around $1.293, an increase of 0.89 per cent. Read more: [...]

  • Chancellor Sajid Javid accused of ‘kicking can down road’ over RPI verdict

    September 4, 2019

    Sajid Javid has been accused of “kicking cans down roads” with his decision to delay plans to scrap or reform the Retail Price Index (RPI). The chancellor confirmed he would not consult on reforming or ditching the inflation measure until January 2020, and that any changes were unlikely to be made until 2025 at the [...]

  • Home secretary orders review which could bring Australian immigration system to Britain

    September 4, 2019

    The government’s immigration advisers have been asked to review if Australia’s points-based migration system could work in the UK, months after the Prime Minister’s team said it the method he preferred. Home secretary Priti Patel yesterday wrote to the Migration Advisory Committee, asking it to look into the Australian system and others like it. Read [...]

  • Rebel, rebel: Boris Johnson faces day two of Brexit defiance

    September 4, 2019

    Westminster is still reeling from the events of last night, which saw more than 20 Tory MPs, including two ex-chancellors, were sacked after rebelling against Prime Minister Boris Johnson. But today promises to be just as dramatic – with the creeping possibility that the country will be going to the polls once again. Read more: [...]

  • Cathay Pacific chair John Slosar resigns amid Hong Kong controversy

    September 4, 2019

    The chairman of Cathay Pacific John Slosar has stepped down from his role and will be replaced by Patrick Healy. The Hong-based airline has been embroiled in controversies relating to the widespread pro-democracy protests in the city and has come under pressure from Chinese authorities to suspend staff who participate in the demonstrations. Read more: Cathay [...]

  • Boris Johnson’s decision to prorogue parliament is legal, Scottish court rules

    September 4, 2019

    Boris Johnson’s move to prorogue parliament in the run up to the Halloween Brexit deadline is legal, a court has ruled. A Scottish court today rejected a legal challenge to stop the shutdown of parliament for almost five weeks until 14 October. Read more: Rebel, rebel: Boris Johnson faces day two of defiance MPs have [...]

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