Credit Suisse-UBS merger: Withers preps Hong Kong arbitration claim against Switzerland May 14, 2024 Law firm Withers is prepping an international arbitration against the Swiss government for its role in the merger of Credit Suisse and UBS
JP Morgan in English legal battle with its European joint venture Viva Wallet May 14, 2024 JP Morgan and the majority owner of Greek payments firm Viva Wallet are battling each other at a court this week over the valuation of its joint venture.
Klarna lawyers drafting contracts with ChatGPT and 9 in 10 staff using AI everyday May 14, 2024 But the adoption of AI at Klarna has impacted its hiring strategy. The firm recently said that AI was doing the job of 700 full-time workers.
Gamestop’s last gasp: A joke that has gone on too long May 14, 2024 Gamestop bounced back into the headlines yesterday, with the meme stock's price more than doubling within an hour of the market opening.
AI washing: How companies are using AI hype to bump up their share prices May 14, 2024 Overplaying claims about artificial intelligence in the hope of creating a 'halo effect' around their company and boosting their stock price is a new fad, spanning across a variety of sectors.
Chinese ambassador summoned after three charged with ‘assisting a foreign intelligence service’ related to Hong Kong May 14, 2024 In a statement, the police said it was not related to a recent counter-terror operation linked to the Kremlin.
London-listed IQGeo shares soar as board agrees private equity takeover May 14, 2024 IQGeo said it has received binding agreements to accept the takeover by private equity firm KKR from several shareholders.
A quarter of London’s Tube network now has 4G and 5G coverage May 14, 2024 Around 25 per cent of all London's Tube lines now have phone signal, with further stations set to go live this month, Transport for London (TfL) has said.
Franco Manca and The Real Greek owner blames home workers for fall into the red despite sales rising to £100m May 14, 2024 The owner of the Franco Manca and The Real Greek restaurant chains has blamed the rise in home working for it slipping into the red.
Bank of England’s Pill: Summer interest rate cuts ‘not unreasonable’ but ‘still some work to do’ May 14, 2024 Speaking at an event run by the Institute of Chartered Accountants in England and Wales (ICAEW), Pill stressed that the Bank's focus would be on the persistent components of inflation in the weeks ahead.