SNP boss Peter Murrell – Nicola Sturgeon’s husband – quits amid falling membership row March 19, 2023 SNP boss Peter Murrell has quit the party amid a row over declining membership figures, as the race to succeed first minister Nicola Sturgeon enters its final week. Scottish National Party (SNP) chief executive Peter Murrell resigned this weekend after reports of a threat of a no confidence vote by the National Executive Committee (NEC). [...]
HSBC won’t ‘smother’ Silicon Valley Bank after rescue deal, says chief March 19, 2023 The boss of HSBC has said the bank will not “smother” the former UK arm of Silicon Valley Bank or overhaul its operations after it swooped in with a £1 rescue deal last week. The UK subsidiary of the California-based start-up lender was snapped up by HSBC just before market open on Monday in a [...]
ChatGPT urges crypto conference panel not to become over-reliant on AI March 19, 2023 ChatGPT has told a blockchain conference that humans should not become over-reliant on AI or critical thinking and judgement will be eroded.
American candy stores or retail hub? What might be next for Oxford Street March 19, 2023 It has been three years since the UK was plunged into its first-ever full scale lockdown – forcing the majority of stores in London’s West End to temporarily cease trading and arguably altering the state of physical retail forever. The pandemic forced once seemingly indestructible retailers such as Debenhams, Topshop, and Gap off Oxford Street, [...]
UBS ‘$1billion’ deal for Credit Suisse to be fast-tracked past shareholders: reports March 19, 2023 UBS’s possible $1bn acquisition of Credit Suisse is being fast tracked to ensure its completion before markets open on Monday morning in a dramatic attempt to preserve financial stability. According to the Financial Times, Swiss authorities are considering using emergency measures to bypass normal takeover rules. It reported that UBS indicated emergency powers would be [...]
‘They have not done anything’: Hunt slammed for failing to back solar energy in Budget March 19, 2023 The government should have prioritised boosting renewable energy such as solar power, argued the boss of a British energy supplier.
Why AI tools, like GPT, are now at the frontline of the City’s talent war? March 19, 2023 Major advancements in artificial intelligence (AI) technology are rapidly transforming the ways that law firms and accounting firms work. The world’s top professional services firms are now increasingly starting to use increasingly sophisticated AI tech in their everyday work. However, increased use of AI technology is not just the inevitable result of technological innovation, but [...]
Russia and Ukraine extend Black Sea grain deal in bid to lower global food prices March 18, 2023 An unprecedented wartime deal that allows grain to flow from Ukraine to countries in Africa, the Middle East and Asia where hunger is a growing threat has been extended. The extension was announced by the United Nations and by Turkish President Recep Tayyip Erdogan, but neither confirmed the length of the extension. The UN, Turkey [...]
Silicon Valley Bank UK paid out £15m in bonuses to top execs just days after HSBC rescue deal March 18, 2023 Silicon Valley Bank’s UK arm handed out over 15 million pounds ($18 million) in bonuses days after its rescue deal this week by HSBC, Sky News reported on Saturday. Payouts to staff including senior executives were signed off by HSBC earlier in the week, the report said, adding that the bonuses would not have been paid this week if SVB UK had [...]
What do Brits think of capitalism? Not much, it seems March 18, 2023 One of the most surprising findings of an international survey conducted on attitudes towards capitalism for the book In Defence of Capitalism is that the British – in the motherland of capitalism – are far more critical of capitalism than might be expected. Only in 12 countries are attitudes towards capitalism more negative than in [...]
