After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Peloton: Wheels come off for bike maker as UK losses widen to £210m June 20, 2023 Peloton’s UK arm has struggled to keep up the momentum of its pandemic success, with the group posting widening losses as sales of the luxury exercise bike fall significantly from their lockdown peak. In its most recent financial results in the year to June 2022, the American brand’s British division said sales contracted 13 per [...]
Sadiq Khan to address ‘cost of doing business’ crisis at summit with Uber and Natwest June 20, 2023 Sadiq Khan is set to address the “cost of doing business crisis” at a crunch summit with firms including Uber, Natwest and KPMG. The mayor of London will welcome more than 200 CEOs to his annual City Hall business reception at the Crystal in east London today. He is expected to tell firms the “cost-of-doing-business [...]
We need to talk more about lithium – UK risks supply shortfall to feed its electric car ambitions June 20, 2023 Lithium-ion batteries are the most widely used technology as of today, making lithium gold dust in the EV race.
Bank of England risks steering UK into needless recession with more interest rate hikes June 20, 2023 Back in November, the Bank of England took the highly unusual step of explicitly telling financial markets to calm their sky high bets on where interest rates might end up. “Should the economy evolve broadly in line with the latest monetary policy report projections, further increases in bank rate may be required for a sustainable [...]
Fighting for low tax rates is so 2010, now the game is in offering the best incentives June 20, 2023 Gone are the days when countries jostled for the lowest tax rate to attract investment, now companies are looking for the best packages of incentives, and governments are delivering, writes Tim Sarson
There’s no time for us to dither on creating sensible rules for artificial intelligence tech June 19, 2023 From artificial intelligence to fintech, we must go further. Competition is fierce, so we need flexible but strong rules to ensure innovative companies can prosper in the UK in both fields, writes Nicholas Lyons
Sweet success on the cards for Gummy Gummy and Purton June 16, 2023 THERE are ominous signs that jockey Zac Purton’s quest to ride the most Hong Kong winners in a season is in danger of coming up short. Purton arrives at Sha Tin on Sunday with 10 booked rides on a highly competitive 11-race programme, and will surely need a red-letter day if he is to give [...]
Speedy Fortunes to be made with Galaxy Witness June 16, 2023 THE feature race of the day, the £260,000 Lek Yuen Handicap (12.35pm) over seven furlongs, sees the return of the Douglas Whyte-trained Flaming Rabbit, who was unlucky to be caught out by Tuchel over a mile last month. Given an enterprising, near pin-point-perfect ride by Lyle Hewitson, his supporters could be forgiven for making a [...]
£3bn mortgage support fund branded ‘terrible economics and bad politics’ after Lib Dem calls June 16, 2023 Calls for a £3bn mortgage protection fund have been branded “terrible economics and bad politics” as lenders continue to raise rates. Liberal Democrat leader Sir Ed Davey called for the multi-billion pound fund to be set up to offer help to families at risk of losing their homes, as repossession fears spiral. But Tim Pitt, [...]
Tech Week Day Five: The UK has an opportunity to walk an international path on tech June 16, 2023 As the tenth anniversary of London Tech Week draws to a close – with a fair few exciting fringe events still taking place across the capital today – it’s time draw conclusions from an extraordinary week for London and UK tech. From the prime minister and the mayor of London’s opening keynotes on Monday, to the AI Summit at Tobacco [...]