Getty Images’ £3bn Shutterstock merger captures watchdog’s eye June 23, 2025 The $3.7bn (£2.9bn) merger between Getty images and Shutterstock has caught the attention of the UK’s competition watchdog. The deal, which was first announced in January, has the potential to monopolise the stock image market for creative, media and advertising industries. At the time of the announcement, Getty Images said the merger was expected to [...]
HSBC’s return-to-office plans risk boss’ cost-cutting ambitions June 23, 2025 HSBC’s cost-cutting agenda is set to face a major disruption as the lender faces a shortfall of desks in its office move. The banking juggernaut has been reported to be mulling a return-to-office mandate that would force employees back into the office for at least three days a week. This comes as the bank is [...]
Musk’s robotaxi launch: Can Tesla rival Waymo? June 23, 2025 Tesla has kicked off its long-promised robotaxi service in Austin, Texas, using a small fleet of modified Model Ys. The rollout, which began on Sunday, represents the company’s first paid, passenger-carrying trial – and a critical test of its camera-only self-driving vision. The service is limited to geo-fenced neighbourhoods, avoids airports and complex intersections, and [...]
Big Four slash graduate jobs as AI takes on entry level work June 23, 2025 The UK’s Big Four accountancy firms are cutting hundreds of jobs and pulling back sharply on graduate recruitment, as artificial intelligence (AI) begins replacing the junior roles once filled by school and university graduates. Deloitte, EY, KMPG and PwC – which cumulatively employ around 100,000 people across the UK – have all stripped back early-career [...]
UK backs quantum with £500m June 23, 2025 The UK government will pump over £500m into quantum computing and related technologies – a major show of confidence in a sector seen as critical to the future of the UK economy and its national security. The investment forms part of Labour’s broader industrial strategy and follows April’s £121m pledge on ‘world quantum day’. The [...]
How Philanthropy Powers Cutting-Edge Science June 23, 2025 Christian May, City AM‘s Editor in Chief, meets experts from Cancer Research UK and the Francis Crick Institute to explore the role of philanthropy in driving breakthrough research and treatment. Cancer remains a formidable challenge. Globally, it’s estimated that 19 million people are diagnosed with cancer every year. And an estimated 10 million die from [...]
Industry electricity costs for 7,000 businesses to be slashed by up to a quarter June 23, 2025 Electricity prices for 7,000 businesses in the UK are to be slashed by up to 25 per cent from 2027 as part of the government’s much-awaited Industrial Strategy. British manufacturers are facing the highest industrial electricity prices in the G7, with costs currently four times higher than those of the US and significantly higher than [...]
Creative industries in line for £380m government injection June 21, 2025 Britain’s film, music and video game industries are set to receive millions of pounds of investment as the Government seeks to ensure the UK’s place as a creative superpower. The investment, announced by Culture Secretary Lisa Nandy, will see £380 million spent on a range of projects intended to double private investment in the creative [...]
Inside the Caribbean island that’s becoming a secret AI hub June 20, 2025 Anguilla is where high-rolling lawyers from New York go to work remotely in tranquillity. It is also becoming an unlikely world-leading beacon for AI due to one lucky coincidence. Adam Bloodworth went in search of answers The Sunset Bar on St Maarten’s Maho Beach is one of the weirdest tourist attractions in the world. Go [...]
CMA won’t look back in anger over dynamic pricing practices June 20, 2025 Dynamic pricing can deliver “good outcomes for consumers”, the UK’s competition watchdog has said, after concluding a probe into the practice sparked by a consumer backlash over soaring prices at Oasis concerts. The strategy, in which the same products are sold to different consumers at different prices based on levels of demand, attracted furore last [...]