EU pips Google to the post as it unveils AI ethics strategy April 8, 2019 The EU has outlined its guidelines for ethical AI development just days after Google was forced to scrap its controversial ethics board. The European Commission today unveiled its recommended steps for achieving “trustworthy” AI as it looks to set up a framework to ensure the new technology is used responsibly. Read more: Google scraps AI [...]
MPs call for investigation into Lloyds ‘cover up’ of HBOS fraud April 8, 2019 MPs have urged city regulators to investigate Lloyds Bank executives over an alleged “cover up” of fraud at its HBOS unit in Reading. The all-party parliamentary group (APPG) on fair business banking has called for a probe into whether bosses, including chief executive Antonio Horta-Osorio, breached corporate governance and conduct rules. It comes after a separate [...]
Sir Philip Green complaint against Lord Hain gets dismissed April 8, 2019 Sir Philip Green’s complaints against a peer who named him as the man at the centre of sexual harassment and racial abuse allegations were dismissed this afternoon. Read more: Top financial PR firm cuts ties with Sir Philip Green amid allegations The House of Lords standards body has dismissed a complaint from the retail tycoon [...]
Luton Airport enjoys busiest ever March as passenger numbers swell to over 1m April 8, 2019 Luton airport enjoyed its busiest ever March this year with 1.3m passengers, up 10.4 per cent on the same month last year. The airport anticipates it will welcome over 210,000 passengers over the Easter weekend, taking the total this year to 17m. Over 58,000 passengers are expected to fly through the airport on 18 April [...]
What a scoop: Ben and Jerry’s will offer free ice cream to Londoners tomorrow April 8, 2019 Ice cream lovers will get themselves a free scoop, or two or three, tomorrow as Ben and Jerry’s annual free cone day celebrations return to the capital. City of London office workers and dwellers, will need to head to Soho – the closest Ben and Jerry’s store to the square mile. Read more: Olive Oil ice [...]
London remains most popular investment target for European venture capitalists April 8, 2019 London secured its reputation as a global fintech hub as it attracted almost double the amount of venture capital funding compared to its closest European rival last year. The capital received 39 per cent of European venture capital funding last year, almost double that of runner-up Berlin, which took in 21 per cent in 2018, despite [...]
Grab eyes $2bn more funding this year as it looks to create ‘app for everything’ April 8, 2019 Softbank-backed startup Grab is hoping to raise another $2bn (£1.5bn) in funding this year as it embarks on an aggressive expansion plan. The Singapore-based ride-hailing app has already raised $4.5bn in a fundraising round led by Japanese investment giant Softbank. Read more: Lyft takes a wrong turn as shares fall below float price But chief [...]
No-deal planning programme extended due to later Brexit date April 8, 2019 The government has extended the deadline for companies to apply for an £8m scheme to help businesses prepare for Brexit, it said today. The programme was instituted in October 2018 to help businesses prepare for a no-deal scenario by training traders on how to meet customs requirements and helping fund IT costs, among other measures, [...]
British car manufacturing powers down to half capacity as planned factory shutdowns take effect April 8, 2019 British car makers including Jaguar Land Rover (JLR) have gone ahead with plans to shut their UK plants this week over Brexit, in a move which leaves at least half the country’s car production gridlocked. JLR’s Wolverhampton engine plant as well as its three assembly plants in Solihull, Halewood and Castle Bromwich were due to [...]
UK inflation expectations remain at five-year high April 8, 2019 The British public’s expectations of inflation for 2019 stayed at their highest level in five years, new Bank of England data revealed today. Read more: Inflation edges up from two-year low as food and alcohol prices rise Britons expect the inflation rate – the speed at which prices increase over time – to be at 3.2 per [...]