Three quid from the Grid? Households encouraged to use more off-peak power October 20, 2022 The National Grid will offer households a hefty £3 per kwh to shift their electricity usage to off-peak times.
AT&T’s pivot away from media and towards telcos starts paying off October 20, 2022 Shares soared for AT&T this afternoon as the firm’s enhanced focus towards telecoms appears to be paying off. The telcos giant posted an adjusted profit of 68 cents per share on revenue of $30bn in its third quarter, topping to the 61 cents and $29.86bn analysts had predicted. The third largest provider of mobile phone services in the US [...]
Doubts cast over 31 October fiscal statement after Truss resignation October 20, 2022 There are growing doubts over whether the fiscal statement will be delivered on 31 October following Liz Truss’s resignation as prime minister today after just 44 days in office, City A.M. understands. Truss’s exit has triggered a second Tory leadership race this year that is expected to yield a new prime minister on 28 October, [...]
Ovo Energy makes eleventh hour bid to snatch Bulb from rival Octopus October 20, 2022 Ovo Energy has launched a last gasp bid to snatch Bulb Energy (Bulb) from the tentacles of rival supplier Octopus Energy.
IT industry is ‘recession-proof’ as businesses look to cut costs October 20, 2022 The IT industry is “recession-proof”, according to a top analyst at market research giant Gartner, despite economic downturns pushing businesses to trim costs. Global spending on IT, which includes software, devices, communications services and data centres, is forecast to total $4.6 trillion in 2023 – a jump of more than five per cent in comparison [...]
Boris Johnson expected to run in the Tory leadership contest October 20, 2022 Boris Johnson is expected to stand in the Tory leadership contest next week, with sources close to him saying he thinks it’s in the “national interest” for him to run. The Times is reporting that Johnson’s allies are taking soundings within the Tory parliamentary party and that he will likely put himself forward as a [...]
London Business School looks to buck SME downturn with incubator programme October 20, 2022 London Business School has tipped a wellness startup and postnatal depression firm as among the Capital’s most promising startups today as it looks to provide a platform for growth at a troubling time for the Capital's smaller firms.
It’s done: Liz Truss resigns as UK Prime Minister October 20, 2022 Liz Truss has announced her resignation as UK Prime Minister and will become this country’s shortest-ever serving leader. It comes after a sensational collapse of confidence in her premiership from within the Tory party, after her mini-Budget tanked financial markets, she sacked two senior cabinet ministers and she U-turned on her entire economic platform. Truss [...]
Government committee launches inquiry to regulate AI in the UK October 20, 2022 A government Committee has launched an inquiry into artificial intelligence in a bid to regulate it as it become an increasingly appealing avenue for businesses. “AI is already transforming almost every area of research and business. It has extraordinary potential but there are concerns about how the existing regulatory system is suited to a world [...]
The blockchain virtual machine protecting itself from Orwellian CBDCs October 20, 2022 Dr Chris Kacher hails the value of blockchain and the metaverse, but gives both barrels to the notion of CBDCs.
