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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

  • City of London brings out new rules to tackle wind-inducing skyscrapers

    August 20, 2019

    The Square Mile may be famed for its financial clout and history, but in recent years it has also been known for other elements: extreme wind. The City of London Corporation has become so concerned about pedestrians and cyclists being toppled over in the street by the skyscrapers that adorn its skyline that it is [...]

  • Italy’s return to political chaos leaves investors in wait-and-see mode

    August 20, 2019

    A furious global hunt for yield has helped to spark a significant repricing of fixed-income markets. The consequences of last week’s major market moves were by turns high-profile and obscure. One oxymoron-inclined senior White House adviser to President Donald Trump insisted that the inverted curve that appeared briefly in US Treasury yields was in fact [...]

  • DEBATE: Are the Operation Yellowhammer warnings about no-deal likely to be exaggerated?

    August 20, 2019

    Are the Operation Yellowhammer warnings about no-deal likely to be exaggerated? Ruth Lea, economic adviser to the Arbuthnot Banking Group, says YES. The Yellowhammer warnings have a weary familiarity to them. As with Project Fear Mark 1, prior to the 2016 referendum, any possible negativities have been ramped up out of all proportion. In 2016, [...]

  • Give Corbyn some credit – he helped to deliver Brexit

    August 20, 2019

    When the history books are written, Boris Johnson may well be remembered as the man who delivered Brexit. But there is someone else who would deserve almost as much credit for Britain’s departure from the EU: Jeremy Bernard Corbyn. Admittedly, Corbyn’s current role in enabling Brexit is mostly involuntary. It turns out that he is [...]

  • Has Priti Patel thought through the implications of abruptly ending free movement?

    August 20, 2019

    Priti Patel, fresh from announcing that she wants criminals to feel “terror” at the thought of breaking the law and following last week’s Home Office brainwave to print anti-knife messages on the packaging of products from chicken restaurants, has a new plan. The home secretary has revealed her intention to end freedom of movement from [...]

  • Johnson sets out plan to break Brexit backstop deadlock

    August 19, 2019

    The Prime Minister has made his first moves towards breaking the Brexit impasse, setting out his position in a letter to the head of the European Council ahead of this weekend’s G7 summit. In the four-page letter to European Council President Donald Tusk published tonight, Johnson insisted “the backstop cannot form part of an agreed [...]

  • Twitter and Facebook shut down network of Hong Kong misinformation accounts linked to Chinese state

    August 19, 2019

    Facebook and Twitter have taken down a wide-ranging network of social media accounts and profiles linked to a Chinese state operation to create division among and about the Hong Kong protests. Twitter said more than 900 accounts were discovered as part of a “significant state-backed information operation” to plant misinformation about the protests. A total [...]

  • Number 10 rejects move to recall parliament

    August 19, 2019

    Number 10 has rejected any suggestion that parliament may be recalled before the end of recess, despite growing calls for action. More than 100 MPs from all parties except the DUP put their name to an open letter calling on Prime Minister Boris Johnson to end summer recess early. The letter claimed the country was [...]

  • Prime Minister ‘confident’ EU will shift on Brexit

    August 19, 2019

    The Prime Minister has said he is “confident” the European Union will shift its position on Brexit, allowing a deal to be struck before the 31st October deadline. During a visit to the Royal Cornwall Hospital in Truro, Boris Johnson told journalists he was hopeful negotiations could resume, but stressed “we will be ready to [...]

  • Sajid Javid quashes stamp duty speculation

    August 19, 2019

    Chancellor Sajid Javid has moved to quash speculation he may be about to shift stamp duty from buyers to sellers. During an interview with The Times, Javid had appeared to float the idea ahead of his first Budget. When asked about changing who pays stamp duty to save first-time buyers paying any tax, he said: [...]

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