Klarna boss: AI will lead to recession and mass job losses June 7, 2025 The introduction of AI at firms could lead to a recession due to mass job losses of professionals, Klarna’s chief executive has warned. The use of AI to make work more efficient has been encouraged by leading figures, including the government itself which said it could save civil servants two weeks a year. But fintech [...]
Reform lost their businessman – what does this mean for the party? June 6, 2025 Barely a week ago, Zia Yusuf was hosting journalists in the City, trying to sell them on Reform’s crypto plan. But things quickly went awry for the Reform party chairman. On Wednesday, Yusuf publicly contradicted Reform MP Sarah Pochin’s call in Parliament for a burqa ban. On Thursday, he resigned. The chairman announced he was [...]
AI and digitally-enabled healthcare could be revolutionary – but what about the fine print? June 6, 2025 AI and digital technology hold transformative potential for healthcare, but to fully realise their benefits, we must address public concerns around trust, misinformation, and regulation while ensuring the human element of care remains central, says Heather Smith As Sir Tony Blair said this week, there is enormous potential for digital and AI technology to reshape [...]
Has Klarna’s buy now, pay later bubble burst? June 6, 2025 Buy now, pay later services have exploded in the last decade and industry titan Klarna has spearheaded growth. The global BNPL market is expected to top $560.1bn (£412.8bn) in 2025 with 13.7 per cent annual growth. Swedish fintech Klarna has historically dominated the space, notching a net operating income of $1.087bn in 2020. The firm [...]
David Lammy: ‘Technology is the frontline of geopolitics’ as Foreign Office teams up with Big Four giants June 5, 2025 “It is essential" that firms such as the Big Four and UK government "work together", Foreign Secretary tells City AM as his focus shifts to AI.
Pisces: FCA’s private stock market will worsen FOMO investing June 5, 2025 The FCA's new private stock market Pisces comes into force today, but Carrie Osmon warns the framework risks worsening FOMO investing.
Spare a thought for in-house lawyers; their job is not as ‘easy’ as some think June 5, 2025 The workload for an In-House legal team is set to increase as businesses strive to reduce costs.
ABBA star shares ‘strange and emotional’ feeling when watching ABBA Voyage June 4, 2025 ABBA legend Björn Ulvaeus has shared how he finds the experience of watching the ABBA Voyage live show he helped create. Speaking at the SXSW London event in Shoreditch, Ulvaeus described watching a hologram of his younger self performing as “almost a spiritual feeling, there’s something strange in the room which is amazing.” “It’s kind [...]
Art vs AI: British Council vows to keep humans in the loop in the digital age June 4, 2025 As AI continues to reshape the creative sector, a crucial debate is unfolding around the role of human agency in this new digital landscape. The British Council is staking its claim firmly on the importance of artists not just as users of AI, but as vital shapers of its development and influence. This marks a [...]
ABBA legend reveals his one rule for making AI music at SXSW London event June 4, 2025 ABBA star Björn Ulvaeus, who has leaned into music’s technological revolution through his ABBA Voyage hologram show and his campaigning work around music and AI, has said that while he uses AI to make music, it’s essential to rely on a sense of “inner direction” to make sure the music is high quality. It comes [...]