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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

  • Russia warns Sweden and Finland that joining NATO is a ‘grave mistake with far-reaching consequences’

    May 16, 2022

    Russia has warned Sweden and Finland that joining Nato is a “grave mistake with far-reaching consequences”. The Kremlin’s deputy foreign minister Sergei Ryabkov made the comments after Sweden’s prime minister, Magdalena Andersson, went to its parliament today to secure backing for joining the military alliance. In a statement, Ryabkov said, according to the Telegraph: “This [...]

  • New international development plan focuses on bilateral aid and challenging ‘dependency on malign actors’

    May 16, 2022

    Britain has launched a new international development programme with a focus on challenging “dependency on malign actors”. Liz Truss made the announcement with a written statement on Monday, saying the new vision would try to address “increasing global challenges”. The plan, launched as Britain continues to oppose Russia’s war in Ukraine, also looks to “provide [...]

  • As Covid cases soar in North Korea to more than 1m, Kim Jong-Un tells people to ‘gargle salt water’ to treat it

    May 16, 2022

     North Koreans are being told to ‘gargle salt water’ to treat coronavirus, as the regime struggles to deal with a worsening outbreak thought to be around 1m. The communist single-party state, widely seen as one of the most reclusive and authoritarian in the world has mobilised its military to distribute military supplies to counter an [...]

  • Trade war fears grow as Boris Johnson issues final Brexit warning to EU: If Brussels does not give in Britain ‘will act’

    May 16, 2022

    As Boris Johnson prepares for a visit to Northern Ireland later today, the Prime Minister has warned the EU the UK will have a “necessity to act” if the Brussels is unwilling to reach a compromise in the deepening crisis over the Northern Ireland Protocol. The Prime Minister – who travels to Belfast today for [...]

  • Minister criticised for saying people should ‘work more hours or move to a better paid job’ to cope with cost of living crisis

    May 16, 2022

    The government’s safeguarding minister has come in for sharp criticism after saying people struggling with the cost of living crisis should “work more hours” or get a “better paid job.” Rachel Maclean said there were way households could “protect themselves” from rising inflation and pressures on their budgets, while appearing on Sky News this morning. [...]

  • Hope and excitement in Kyiv as Ukrainian troops reach Russian border: Retreat is embarrassment for Putin

    May 16, 2022

    Ukraine is hit by a wave of hope and excitement this morning as its troops have reached the border with Russia. Troops defending the city of Kharkov claim to have pushed back Russian troops to the Ukraine-Russia border. Ukrainian authorities released a video in which a military unit poses in front of a boundary marker. [...]

  • Police get free reign as Priti Patel permanently lifts all restrictions on use of stop-and-search powers

    May 16, 2022

    Home Secretary Priti Patel confirmed she is planning to permanently lift restrictions placed on police in the use of stop-and-search powers as part of the Government’s strategy to tackle violent crime. In a letter to police forces on Monday, Patel announced the easing of conditions on the use of the tactics under Section 60 of [...]

  • Bank of England independence must remain no matter the political weather

    May 16, 2022

    When Gordon Brown summoned then-governor of the Bank of England Eddie George to his office at the Treasury in 1997, the man in charge at Threadneedle Street was accompanied by a young civil servant – one Andrew Bailey. At that meeting, George – and presumably Bailey – were surprised to be told that the newly [...]

  • Working from home may lead to lazy lifestyle that is as risky as smoking

    May 16, 2022

    Working from home may contribute to a lazy lifestyle that is as much of a health risk as smoking, reveals new research published today. One in five people working from home exercise less often due to not commuting to the office, according to Bupa. An uptick in remote working since the pandemic is entrenching more [...]

  • Millions of Brits’ tax bills set to soar as fiscal drag bites

    May 15, 2022

    Millions of Brits’ tax bills are set to soar due to chancellor Rishi Sunak freezing the thresholds at which people start paying the taxman, revealed research published yesterday. Around 6.7m people will be hit by higher rates by 2024, the year the next general election is scheduled, according to consultancy Lane Clark and Peacock (LCP). [...]

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