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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

  • Wework grabs €62m from EU in Brexit deal for London office spot

    July 23, 2019

    Office sharing giant Wework is set to net a €62m (£55.7m) windfall when it takes over the European Medicines Agency’s (EMA) former London headquarters, following the body’s relocation to Amsterdam. A deal secured earlier this month will see Wework sublet 280,000 square foot in Canary Wharf’s 30 Churchill Place, creating one of the world’s largest [...]

  • Iran guilty of piracy, Jeremy Hunt claims

    July 22, 2019

    Jeremy Hunt accused Iran of “state piracy” yesterday as he announced the UK was shunning the US in favour of a European response to the tensions in the Gulf.  The foreign secretary launched the verbal attack on Tehran after Iranian soldiers seized a British-flagged  tanker in the region on Friday. Hunt urged Iran to release [...]

  • Jo Swinson elected leader of the Liberal Democrats

    July 22, 2019

    Jo Swinson has become the first female leader of the Lib Dems after beating rival Sir Ed Davey in a vote of party members. Swinson received about 47,900 votes compared with just over 28,000 votes for former energy secretary Davey on a 72 per cent turnout. Swinson said she was “over the moon” to be [...]

  • Jo Swinson is the new Lib Dem leader – now where will she take her party?

    July 22, 2019

    The votes have been counted, the outcome announced, and a new leader has taken the reins – not of the Conservative party, whose results we will know tomorrow, but of the Liberal Democrats. After a race which was almost entirely overshadowed by the Tories, Jo Swinson has been named the successor to Sir Vince Cable. [...]

  • Sterling falls as risk of no-deal Brexit rises ahead of new PM

    July 22, 2019

    Sterling has fallen today as ministers announced their resignations from government rather than serve under Boris Johnson, who could force a no-deal Brexit on 31 October. Traders see a no-deal outcome as increasingly likely, leading them to raise their bets against the pound, which had fallen by 0.2 per cent against the dollar to $1.248 [...]

  • Department for International Trade to be given part of £14bn aid budget

    July 22, 2019

    The UK’s £14bn aid budget is to be partially allocated to the Department for International Trade (DIT). The DIT, led by international trade secretary Liam Fox, will spend the funds on helping developing countries with issues such as securing trade and foreign investment. Read more: Liam Fox says UK needs a trade deal with Turkey [...]

  • Tory MP Charlie Elphicke charged with three counts of sexual assault

    July 22, 2019

    Conservative MP Charlie Elphicke has been charged with three counts of sexual assault against two women, the Crown Prosecution Service (CPS) has revealed today. Read more: Government launches review into Britain’s financial rules post-Brexit A CPS spokesperson said: “The Crown Prosecution Service has today (Monday 22 July) charged Charles Elphicke, MP for Dover, with three [...]

  • Foreign office minister Sir Alan Duncan resigns in protest against Boris Johnson

    July 22, 2019

    Sir Alan Duncan has resigned as minister of state for Europe and the Americas ahead of Boris Johnson’s Tory leadership contest win. The pro-European minister has previously voiced his opposition to Johnson, who is expected to be named as the new prime minister tomorrow. Duncan’s departure is the first of a string of mooted resignations, [...]

  • Jo Swinson or Sir Ed Davey to be named next Lib Dem leader

    July 22, 2019

    Jo Swinson or Ed Davey will be crowned the next leader of the Liberal Democrats later today, as Sir Vince Cable bows out after two years in the top job. The results of the Lib Dem leadership election, which Swinson is favoured to win, will be announced at about 4pm today. Read more: Lib Dems [...]

  • May to chair Cobra meeting over Iran tanker crisis as oil prices rise

    July 22, 2019

    The price of oil rose this morning ahead of a meeting of the government’s emergency Cobra committee, as markets react to tensions caused by Iran’s seizure of a British tanker in the Gulf. Read more: Iranian seizure of tanker constitutes illegal interference, UK tells UN Brent crude rose 1.3 per cent to $63.28 a barrel, [...]

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