UK entertainment and media market tops European charts with £100bn revenue hit June 27, 2023 The UK’s entertainment and media market is expected to hit revenues of £100bn by 2027, according to PwC’s latest forecast. The accounting firm’s Global Entertainment & Media (E&M) Outlook 2023-2027 also expects the UK to cling onto its top position in Europe as the leading E&M market over the next four years. In 2023 the [...]
KPMG: Generative AI could spur £31bn increase in UK productivity June 27, 2023 The UK’s battered economy could get a much-needed £31bn boost from the widespread adoption of generative AI, a new KPMG report has found. According to the ‘Big Four’ firm, generative AI has the potential to increase UK productivity by 1.2 per cent, the equivalent of an extra output of £31bn a year in the UK [...]
AI can be ‘force for good’ but needs regulation, says Keir Starmer June 26, 2023 Artificial intelligence (AI) can be a “force for good”, Sir Keir Starmer has told a UK-India summit in Westminster. The Labour leader said the invention was an “incredible form of technology” being developed “at pace” – but that the UK needed to develop regulations to monitor its application. Speaking at the UK India week 2023 [...]
Scottish Mortgage bosses set for shareholder grilling after ‘painful’ year June 26, 2023 Bosses at Scottish Mortgage Investment Trust are set to face down shareholders tomorrow after a “painful” year in which it has been rocked by a boardroom spat and a plunge in its share price.
Bitcoin retraces to $30,200 after registering 2023 high above $31,000 June 26, 2023 Bitcoin posted a new high for 2023 when it breached $31k before retracing to around $30,300 this morning, while Ethereum closes in on $1.9k.
Fast-growing logistics outfit Shift to pick up pieces of Tuffnells June 25, 2023 An up and coming logistics firm is understood to have snapped up pieces of delivery giant Tuffnells Parcel Express, following its collapse earlier this month placing 2,000 jobs at risk. Shift, which was launched five years ago by 29 year old Jacob Corlett has acquired the brand and intellectual property of the British delivery service, [...]
DEGA received 16 million ADA in support only 24 hours after ISPO launch June 23, 2023 DEGA launched its Gamified Multichain ISPO this week, receiving $4.2m worth of Cardano's ADA token in the first 24 hours.
Bitcoin battling for $30,000 as crypto markets edge back from upward drive June 23, 2023 Bitcoin looks to be displaying all the hallmarks of setting the crypto markets up for a weekend interesting price action.
The Isle of Man and the City of London are linked by a shared financial future June 23, 2023 It might look like the Isle of Man and the City of London have nothing in common, but mutual financial cooperation is actually the way forward so that the whole country can benefit, writes Michael Crowe
Price of Bitcoin holds steady above $30k as crypto markets enjoy upside momentum June 22, 2023 Bitcoin and the rest of crypto continue to push upwards as news of institutional interest continues doing the rounds.