Nvidia and AMD to pay US 15 per cent cut on China chip sales August 11, 2025 US chipmakers Nvidia and AMD have agreed to hand over 15 per cent of their Chinese revenues to Washington in exchange for the green light to resume sales of high-powered AI chips to the country, in what industry analysts have called an “unprecedented” arrangement. The deal, first reported by the Financial Times, applies to Nvidia’s [...]
Martin Sorrell’s S4 Capital confirms merger talks August 11, 2025 S4 Capital has confirmed it has received a proposal from MSQ Partners for a possible combination, following weekend media reports linking the London-listed digital advertising group to the US private equity-backed agency network. In a statement published on Monday, the company said the talks were “at a very preliminary stage” and stressed there was “no [...]
How much financial wrongdoing is acceptable in the UK’s pursuit of growth? August 11, 2025 The government must be prepared to answer just how much wrongdoing is it prepared to accept in the pursuit of growth, writes Lucy McNulty.
HMRC must disclose AI involvement in tax decisions August 8, 2025 A court has ruled that HMRC must disclose if it uses artificial intelligence (AI) in key decisions relating to granting research and development tax credits. Tom Elsbury, a tax expert who founded the specialist tax relief software platform Novel, lodged a Freedom of Information (FOI) request back in December 2023. But according to Judge Alexandra [...]
WPP shares plunge again on halved dividend and strategic review August 7, 2025 Shares in advertising giant WPP dropped by as much as 4.7 per cent on Thursday morning after it revealed it would launch a strategic review and halve its interim dividend amid falling profit and stagnant revenue. The embattled media group, which owns major agencies like global PR shop Burson and creative juggernaut Ogilvy, revealed its [...]
Securing the Future: Zscaler’s New EMEA Hub Puts London at the Center of Zero Trust Innovation August 7, 2025 In a testament to its commitment to innovative cybersecurity, Zscaler has chosen to locate its new European headquarters in The Royal Exchange in London. The state-of-the-art hub represents more than just a physical office upgrade. It is a strategic investment that underscores London’s role as a dynamic nexus of technology, security, and business transformation. Zscaler’s [...]
Shawbrook expands loan book ahead of mooted London float August 7, 2025 Specialist lender Shawbrook expanded its loan book in the first half of the year helping profit soar. The bank – which is owned by private equity firm Pollen Street Capital – recorded a 35 per cent jump in profit before tax to £168.6m as its loan book grew 14 per cent to £17bn. Deposits were [...]
InsurTech funding slumps despite AI demand August 7, 2025 Global funding for InsurTech startups slumped in the second quarter of the year despite demand for AI as companies looked to the tech to help drive efficiencies and process claims. According to the second-quarter 2025 Global InsurTech Report, a collaboration between Gallagher Re and CB Insights, global InsurTech funding declined by 16.7 per cent quarter-on-quarter [...]
‘My boss knew I’d leave Freshfields from my first week in’: Nnamdi Emelifeonwu on setting up legal tech firm Definely August 7, 2025 Freshfields lawyer Nnamdi Emelifeonwu left law to set up legal tech firm Definely. He takes us through his career in Square Mile and Me.
Give me liberty or give me death? Americans choose both August 7, 2025 Americans’ obsession with customisation and convenience is killing them, says Lewis Liu A few months ago, I went partying with a bunch of Gen Z Silicon Valley tech bros. This was perhaps not the best idea for a nearly 40-year-old dad, but my 10-year-younger brother was back in New York from Stanford for a few [...]