Nvidia tanks as Chinese AI startup Deepseek spooks global markets January 27, 2025 Nvidia is on track for the biggest one day loss of any company in history, as Chinese artificial intelligence (AI) startup Deepseek shakes up global tech markets. Nvidia, a key driver of the AI stock boom due to its advanced chips, saw its shares plummet over 14 per cent on Germany’s Tradegate on Monday. The [...]
Lord Mayor urges UK financial services to invest in risk management January 27, 2025 The UK’s financial services need to be investing in risk management roles to maintain the City of London’s competitive edge, the Lord Mayor has warned. In recent years, the role of Chief Risk Officers (CROs) across the financial sector has evolved from a compliance-focused gatekeeper to a strategic partner in driving growth. New research from [...]
Google cracks down on fake reviews with new CMA agreement January 24, 2025 Google has agreed to take stronger actions against fake reviews in the UK, committing to improve fraudulent activity detection and sanction those involved in manipulating ratings. This comes after an investigation by the Competition and Markets Authority (CMA) raised concerns that Google wasn’t doing enough to tackle the issue. CMA’s chief executive Sarah Cardell said: [...]
Green belt site near M25 to host Europe’s largest AI data centre January 24, 2025 Plans for Europe’s largest cloud and artificial intelligence (AI) centre near the M25 in Hertfordshire have been approved, in wake of the UK launching its so-called ‘action plan’. The state of art facility will be built near the Elstree substation, 30 minutes from central London, and will span up to two million square feet, carrying [...]
The Works: Arts and crafts retailer slashes losses as new strategy unveiled January 24, 2025 High street arts and crafts retailer The Works reported a significant improvement in profitability for the first half of its financial year, as it unveiled a new strategy. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) showed a market improvement, with losses narrowing from £8.5m to £2.8m since the same period last year. Adjusted [...]
‘Consent or pay’ cookie models allowed across UK websites January 23, 2025 The use of “consent or pay” cookie models is now acceptable for UK websites, as long as data protection laws are met, says information watchdog. The Information Commissioner’s Office (ICO) has announced that the UK’s top 1,000 websites will be brought into compliance over cookie policies. Under this, it has produced guidance on using ‘consent [...]
Smartphone dominance: Samsung races Apple with new AI launch January 23, 2025 Samsung launched its new artificial intelligence (AI) powered series, marking the latest salvo in its ongoing battle with Apple for dominance in the global market. While Apple continues to hold its commanding lead in the US, with 53 per cent market share compared to Samsung’s 23 per cent; the latter is betting on its AI [...]
Is your Netflix subscription price about to rise? January 22, 2025 Netflix is to increase its prices in several countries after reportedly gaining nearly 19 million subscribers during its last quarter. The streaming giant confirmed price hikes in the US, Canada, Argentina and Portugal. On whether price rises could soon be made in the UK, a Netflix spokesperson said there is “nothing to share as of [...]
President Trump says he’s open to X owner Elon Musk buying Tiktok January 22, 2025 President Donald Trump said he was open to the idea of X-owner Elon Musk buying TikTok as well, as the app navigates attempts to ban it in the US. The social media platform with links to the Chinese government, which boasts over 170m American users, briefly went dark on Sunday after the Supreme Court upheld [...]
Tesla’s brand value plummeted in 2024 as Musk splits opinion January 22, 2025 Tesla‘s brand value plummeted in 2024, paving the way for Toyota to claim the top spot as the global auto market’s most valuable brand. According to research from the consulting firm Brand Finance, the US EV maker’s brand value dropped 26 per cent last year to $43bn (£35bn), the second straight year it has fallen. [...]
