No, it’s not sci-fi. Robots really could help dig us out of our low productivity spiral October 25, 2022 Earlier this month, a robot named Ai-Da gave evidence to the House of Lords on the future of the creative industries. The members of the Lords Communications and Digital committee were fairly quite stumped. For all its weirdness, this episode proved a point: robots are among us. When thinking of robots, many of us imagine [...]
Dishy Rishi has a lot on his plate and there’s little time to waste October 25, 2022 Rishi Sunak may not have lots of time on his hands, but one book is perhaps worth reading. In his recent tome Stupid Bankers, Irish author Paul Kilduff makes the case that sometimes – just sometimes – it really can be one individual that changes the course of financial history. Nick Leeson, for instance, crashed [...]
Beauty parade? Dyson to invest half a billion in expanding grooming offering October 25, 2022 Engineering giant Dyson is set to invest half a billion into expanding its range of beauty products, as the technology and beauty industries converge. The British company’s Airwrap hairstyler, which has graced the beauty tables of most internet influencers, has been a best-seller for several years now. And has prompted popular ‘dupes’ from the likes of Revolution [...]
Immersive Gamebox inks £80m worth of franchise deals as ex-PizzaHut chief steps in October 25, 2022 London gaming platform group Immersive Gamebox has inked nearly £80m worth of franchise deals over the next three years. The deals will see the company, which has bases in London Southbank and Wandsworth, expand to more than 250 locations. The company has recently appointed a new chief operating officer, former Pizza Hut and BrewDog executive [...]
Watchdog eyes Big Tech push into UK financial services sector October 25, 2022 The presence of Big Tech in the UK’s financial services market has caught the eyes of the regulator. The Financial Conduct Authority (FCA) is seeking views on the possible competition harms and benefits of the Big Tech push into financial services sectors and the infrastructure on which it is based. Sheldon Mills, executive director of [...]
Millions face difficulty paying mortgage if rates hit six per cent, says Morgan Stanley October 24, 2022 Millions will face difficulties paying their mortgages if rates hit six per cent, a research note issued by Morgan Stanley has warned. The US bank said there is “significant stress” building in the UK’s mortgage market, as house prices spiral out of control and the Bank of England seeks to tame rising inflation. Last week, [...]
EU pushes ban on petrol cars ahead of climate summit October 24, 2022 The EU is proposing to tighten the bloc's climate policies ahead of the COP 27 summit in Cairo, Egypt, next month.
MPs slam ‘short-sighted and incredibly damaging’ tax-free shopping u-turn October 24, 2022 Cross-party MPs have warned that a u-turn on tax-free shopping for overseas tourists is “short-sighted and incredibly damaging” as the tourism sector hopes to recover post-Covid. In a new report, the Digital, Culture, Media and Sport (DCMS) Committee said Chancellor Jeremy Hunt’s u-turn was hindering the sector. The committee said it felt the government was [...]
Scottish Power calls for Bulb auction to be scrapped and restarted October 24, 2022 Scottish Power has slammed the Government's handling of the sale of Bulb accusing them of distorting competition in the energy sector.
