Amazon announces raft of new AI gambits as it battles rise of Temu and Shein October 9, 2024 Amazon has announced a raft of new artificial intelligence (AI) features and technologies to speed up deliveries and reduce costs across its business. The logistics giant plans to deploy a fleet of 1,000 electric delivery vans with a new AI-powered ‘vision-assisted package retrieval’ (VAPR) technology that allows drivers to find packages faster and more easily. [...]
Top UK bankers warn prospect of windfall tax is spooking investors October 9, 2024 Top bankers have warned that tough regulation and high taxes are denting investment in Britain’s financial services sector ahead of Labour's much-anticipated Budget on 30 October.
Jenrick and Badenoch to face off in final Tory leadership vote as Cleverly crashes out October 9, 2024 Robert Jenrick and Kemi Badenoch will go head-to-head in the final heat of the Conservative Party leadership contest, after James Cleverly was knocked out in the latest round of voting.
Are UK investors going to get burned by volatile Chinese stocks? October 9, 2024 The Chinese stock market is on a roll, seeing its best week since 2008 followed by its worst day since 1997 since the country’s central bank announced sweeping stimulus measures. The seesawing back and forth experienced by UK investors diving into the Chinese stock market might be scary, with many worrying the strong growth over [...]
This is how much sixty of the UK’s wealthiest people paid in income tax October 9, 2024 The figures, which were revealed thanks to a freedom of information request, demonstrate the large contribution made by the UK's richest individuals.
Met Police misconduct settlements double in past year October 9, 2024 The Metropolitan Police has paid out £7.6m to settle misconduct claims in the past year, over double the 2022-23 total, as the force looks to resolve hundreds of claims involving instances of wrongdoing by officers.
Thames Water creditors in talks with Ofwat for debt rescue plan October 9, 2024 A creditor group has held a meeting with water watchdog Ofwat this week, to pitch plans to keep the troubled Thames Water out of state ownership
Storm’s brewing as Tetley Tea braced for further strikes October 9, 2024 Tetley, one of the nation’s favourite tea brands, is braced for further disruption as a major row over pay continues. The GMB Union has announced 12 more strike dates which will see almost 150 workers walk out in a dispute over what it describes as “poverty pay”. The dates of the planned industrial action are [...]
Delays to investment minister appointment ‘totally ridiculous’, says former holder October 9, 2024 The government’s failure to appoint an investment minister nearly 100 days after taking power is “totally ridiculous”, the former holder of the office has said, as ministers scramble to finalise plans for their landmark investment summit next week. The Global Investment Summit, taking place in London on Monday, had been planned this year as a [...]
Stefano Cantino: Who is Gucci’s new boss tasked with turning the luxury brand around? October 9, 2024 First Mulberry, then Burberry, and now Gucci – reshuffles at the very top of luxury businesses are definitely in vogue. Gucci, owned by Kering, has announced the appointment of Stefano Cantino as its new chief executive. He will take over from interim boss Jean-Francois Palus on 1 January 2025. Much like Mulberry and Burberry’s new [...]