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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

  • Theresa May vows no compromises on Brexit plan as Tory party conference looms

    September 2, 2018

    Theresa May has said she will stick to her guns over Brexit and not "give in" to demands for a second referendum. The Prime Minister said she will "not be pushed" into compromises on her Chequers agreement that are "not in the national interest". The deal, thrashed out over the summer, would seek to impose close [...]

  • Britain unable to protect waters after Brexit, claims ex-Royal Navy chief

    September 1, 2018

    Britain will not have enough ships to patrol its waters after leaving the European Union, according to the former head of the UK's naval staff. Ex-First Sea Lord, Labour peer Lord West of Spithead, warned that the country has "insufficient ships" to protect its Exclusive Economic zone days after a "scallop war" broke out between [...]

  • Dominic Raab ‘stubbornly optimistic’ a Brexit deal can be done

    August 31, 2018

    Dominic Raab is "stubbornly optimistic" that a Brexit deal is within reach, he said today at the end of another week of negotiations with the EU. But Michel Barnier warned that a Brexit deal will not be possible if the two parties cannot reach a backstop agreement for the border with Northern Ireland. "With no [...]

  • Scottish Conservatives leader Ruth Davidson mulls Westminster move

    August 31, 2018

    Scottish Conservatives leader Ruth Davidson is mulling a move to Westminster as part of wider ambitions for a bid to become the head of the party.  According to The Sun, the popular politician has told friends she may accept a peerage in London and become a Cabinet minister, in order to be taken seriously for a [...]

  • Red tape for Red Bull: The ban-happy nanny state is coming for energy drinks

    August 31, 2018

    I don’t remember the last time I saw a six-year-old queuing for a cappuccino in Pret. Nor have I ever noticed one standing in line, with their own cash, paying for their fizzy drink of choice over the counter at corner shop. That’s because realistically these instances cannot happen without the assistance of an adult, who [...]

  • DEBATE: Is Entrepreneurs’ Relief worth the cost to the government?

    August 31, 2018

    Is Entrepreneurs’ Relief worth the cost to the government? Chris Chapple, tax partner at BDO, says YES. Entrepreneurs’ Relief (ER) is a generous tax relief for business owners – but let’s remember why it was created. Tax law has long offered reliefs to entrepreneurs who sell all or part of their business, of which ER [...]

  • It’s not rocket science – if we want more maths teachers, we should pay them more

    August 31, 2018

    Britain faces a teaching crisis: half of new maths and physics teachers quit within five years. Just 47 per cent of those teaching these subjects at GCSE level have a relevant degree, and in the most deprived schools, it’s as low as one in five. Thursday’s report from the Education Policy Institute (EPI) paints a [...]

  • Editor’s Notes: Time for some forward guidance on the next Bank of England governor, Labour loses a man of principle and Warren Buffett’s lunch date

    August 31, 2018

    Mark Carney’s first speech as governor of the Bank of England was on 28 August 2013, at a lunch co-hosted by the CBI and the Institute of Directors. I was working for the latter at the time, and was leaning against the back wall with a glass of warm white wine in my hand as [...]

  • EU27 prepare Irish ‘fudge’ to secure 11th hour Brexit deal

    August 30, 2018

    EU member states are preparing to fudge an agreement on the Irish backstop, in the hope of forcing through an 11th hour Brexit deal. City A.M. understands that a growing number of policy makers from the EU27, including Germany’s CDU and Ireland’s Fine Gael, are backing plans to broaden Michel Barnier’s mandate at the October [...]

  • Labour MP Frank Field resigns, claiming party is ‘force for antisemitism’

    August 30, 2018

    Veteran MP Frank Field has resigned from Labour, claiming the party has become "a force for antisemitism in British politics".  Field, the MP for Birkenhead and chair of the Work and Pensions Committee, issued a statement saying he was resigning the whip from the party he has represented since 1979 to serve as an independent MP [...]

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