AI could lead to mass unemployment, warns Bank of England August 20, 2018 Widespread reskilling is essential to avert a future in which AI creates long-term unemployment, the Bank of England’s chief economist warned on Monday. Andy Haldane predicted that machine automation will lead to a “hollowing out” of the jobs market “on a much greater scale in the future” than during the revolutions of coal, electricity and computing [...]
Mayor of London: Capital must prepare for no-deal Brexit August 17, 2018 Mayor of London Sadiq Khan has tasked the body responsible for preventing a repeat of the Grenfell Tower fire with examining London’s preparations for a no-deal Brexit scenario. The London Resilience Forum will seek to establish what access the capital has to food, medicine, energy and emergency services in the event of the UK leaving [...]
EU reveals huge trade surplus over the US August 17, 2018 The EU recorded a gaping trade surplus of €67bn over the US in the six months to June yesterday, potentially adding grist to the mill for US President Donald Trump, whose tariffs against the bloc threatened to take the pair into trade war territory earlier this summer. EU exports to the US grew four per cent to [...]
Price is right for Asda as it scores fifth quarter of growth August 16, 2018 Asda continued its streak of growth yesterday with a fifth consecutive rise in same-store sales ahead of its proposed merger with Sainsbury’s. The supermarket posted a 2.4 per cent improvement in net sales in its second quarter results, fuelled by its online business and a 25 per cent jump in sales of its George clothing [...]
Tory MP Owen Paterson thinks Jaguar Land Rover will thrive after Brexit July 5, 2018 A hard Brexit would leave Jaguar Land Rover (JLR) "better off", according to pro-Brexit MP Owen Paterson. The politician said the car manufacturer would benefit from cheaper car parts across the globe, in response to JLR boss Ralf Speth's warning that his firm's five-year £80bn investment plansfor the UK are threatened by a no deal [...]
