What lies ahead for London’s property market? May 5, 2023 All eyes remained on London’s housing market this week as a flurry of reports signalled a return to a stable property market in the capital, but analysts have warned that the storm may not be fully weathered yet… As reports by Rightmove showed on Friday morning, first time buyers in the capital continue to be [...]
TSB Bank demand Facebook and Whatsapp take responsibility for fraud on their platforms May 5, 2023 TSB Bank have demanded that Meta-owned companies, such as Facebook and Whatsapp, take greater responsibility for fraud carried out on their platforms as the government launches its new fraud crackdown. Launched earlier this week, the government’s fraud strategy laid out a series of proposals to stop online scammers, but it dropped plans to make tech [...]
Morning in the City: Live market updates and news May 5, 2023 Good morning, and welcome to City A.M.'s live blog - with breaking news and market updates from dawn.
We might not be able to control ChatGPT, but we can control the data it consumes May 5, 2023 The UK should lead the way on regulating generative AI, and it should focus on the data used by these systems to do so. After all if the data is biased, so it's the final product, writes Sir Nigel Shadbolt
As the country prepares for the Coronation, the Royal Firm needs to fight for its future May 5, 2023 Most of the public still want to keep the Monarchy, but support has dropped over the years.
We shouldn’t be running out of tomatoes because we can’t sort out our supply chains May 5, 2023 Over the last month, bad weather in Europe and Northern Africa led to certain salad items being in short supply across the UK. Leading supermarkets, including Tesco’s, Morrisons, Aldi and Lidl all limited the number of tomatoes, peppers and lettuce that consumers can buy. Product shortages aren’t necessarily unusual, but since the pandemic, they have [...]
Penny Mordaunt accused of letting politics ‘get in the way’ in ongoing Aquind row May 4, 2023 Emotions in Portsmouth are certainly running high. In the latest development of an ongoing row, local MP Penny Mordaunt lashed out at Alexander Temerko, director of Aquind – a company who’s proposal to build a power cable between France and England was rejected by the government in 2022. After stressing her security credentials, Mordaunt said: [...]
Goldman Sachs cooperating with US government probes into SVB collapse May 4, 2023 Goldman Sachs Group said in a filing on Thursday it is cooperating with government probes into collapsed Silicon Valley Bank. The Wall Street bank is “cooperating with and providing information to various governmental bodies in connection with their investigations and inquiries” into SVB, including the two companies’ dealings in March. Goldman was involved in key events before SVB’s [...]
European Central Bank hikes interest rates for seventh time in a row and Lagarde signals more rises May 4, 2023 The European Central Bank (ECB) today hiked interest rates for the seventh time in a row and slowed the pace of its aggressive campaign to tame inflation, though its chief Christine Lagarde signalled more rises are coming. She and the rest of the governing council sent borrowing costs among the 20 countries using the euro [...]
Regional banks in US continue slide as crisis deepens May 4, 2023 Shares in regional banks fell further today as the crisis among regional banks in the US continues. Western Alliance was one of the worst hit, trading nearly 40 per cent lower. It vehemently denied a report from the Financial Times that it was considering a sale of all or parts of its business. The Arizona-based [...]
