Lenovo hit by global slump in PC demand following pandemic frenzy August 17, 2023 Chinese computer maker Lenovo has reported a near quarter fall in revenues as global PC sales struggle to recover from a post-pandemic slowdown. Lenovo revenue shrank 24 per cent between April and June to $12.9bn (£10.1bn), below average Refinitiv forecasts of $13.8bn (10.9bn), as computer sales declined. Shares dipped over three per cent on Thursday [...]
Bitcoin slips below $29,000 as Ethereum loses its grip on $1.8k August 17, 2023 Bitcoin and Ethereum are both down by almost 2% in the last day, in line with stock markets, which slid for the second consecutive day.
No Degree? The Good News Is Skills-Based Hiring Is On The Rise August 17, 2023 While you might think education or experience are what hiring managers focus on when recruiting new candidates, skills and ability are more important. That’s according to a recent global study which found that 76% of employers are now using skills-based hiring to pinpoint talent. The reason for this is manifold: 91.2% of employers saw an [...]
The Notebook: Ben Roback takes the political temperature, investigates e-waste and reveals a secret swim spot August 17, 2023 Turning down the political temperature, for now… The long, hot summer we all hoped for hasn’t exactly materialised. Politically, the temperature seems equally mild. Rishi Sunak and Sir Keir Starmer disagree widely, but you get the distinct feeling a base level of respect exists between the two men. Putting politics to one side, they could [...]
Sunak’s global AI safety summit plans ‘vague’ despite provisional autumn date August 16, 2023 The government is yet to announce details for its global AI safety summit, which it is planning to hold in the UK later this year. In June, Prime Minister Rishi Sunak announced the UK’s plans to host the first major global summit on AI safety in autumn this year. Speaking at London Tech Week, Prime [...]
Bitcoin and Ethereum dip as altcoins slip into the red August 16, 2023 Bitcoin is sitting above $29.1k while Ethereum is trading around the $1.8k mark, both down by around 1% on the day.
India remains an untapped source of wealth for future UK trade and tech prosperity August 16, 2023 There are clear economic benefits that we could reap from bilateral trade with India, as well as exciting technological opportunities, writes Constantin Cotzias
Crypto doldrums rumble on as investors wait for signals August 15, 2023 Bitcoin continues to trade around $29.3k while Ethereum drifts along at $1.8k as the cryptocurrency markets fall stagnant.
UK banks handling interest rates better than US counterparts – but are lagging on AI August 15, 2023 UK financial services execs are coping better with the bleak market conditions compared to their US counterparts, according to a study by New York-listed Fidelity National Information Services (FIS). While 91 per cent of financial services company executives in the US have expressed that soaring interest rates have been hampering their investments, only 78 per [...]
Vetting fail allows $1bn OpenAI hoax onto regulated news service August 15, 2023 The London Stock Exchange was left red faced yesterday after a fake announcement popped up on its official channel purporting to reveal a $1bn investment into ChatGPT owner OpenAI. The fictitious press release appeared on the exchange’s news platform, where listed firms post regulated updates, falsely claiming that US private equity firm Ripplewood had made [...]