Business

UK's Competition Authority To Probe Microsoft' partnership with AI Startup

UK's Competition Authority To Probe Microsoft' partnership with AI Startup

The Competition and Markets Authority (CMA) has initiated a comprehensive investigation into the collaboration between tech giant Microsoft and AI startup Inflection. At the start of 2022, Mustafa Suleyman – founder of Infraction who departed from Google to establish his new venture two months later – was recruited by Microsoft's

Global economy requires stabilization following challenging times; however, potential reelection of Trump may hinder this outcome.

Global economy requires stabilization following challenging times; however, potential reelection of Trump may hinder this outcome.

Since the weekend's polls suggest Donald Trump narrowly avoided an attempt on his life in Pennsylvania, which may have strengthened his campaign for re-election. Despite receiving limited attention thus far, Trump 2.0 could potentially impact not only the US but also the global economy. As stability becomes

Decrease in service sector inflation may safeguard world economy from high-interest rate impacts

Decrease in service sector inflation may safeguard world economy from high-interest rate impacts

The international financial organization cautions the world economy may face persistent high interest rates unless inflation in service sectors decreases significantly. The Washington-based IMF increased its 2024 growth forecasts for both the UK and eurozone, yet highlighted lingering price growth within the services sector as a challenge to central banks&

Ocado stock rises amid reduced losses and enhanced tech sector growth

Ocado stock rises amid reduced losses and enhanced tech sector growth

Ocado's shares saw an 18% increase following the company's announcement of reduced losses and raised projections for its technology division, which supplies warehouse automation robots to global retailers. Ocado reported a near 22% year-on-year growth in technology revenue over the six months leading up to June

UK Prepares for 'Stronger and More Established' Trade Relationships with European Union

UK Prepares for 'Stronger and More Established' Trade Relationships with European Union

Britain initiates its approach towards strengthening ties with EU counterparts during recent discussions led by the newly appointed Business Secretary, Jonathan Reynolds. These dialogues took place within Italy's Reggio Calabria, marking his inaugural international engagement following Labour's election triumph. At a G7 gathering of trade representatives

Goldman Sachs increases compensation for employees following substantial 150% rise in quarterly earnings

Goldman Sachs increases compensation for employees following substantial 150% rise in quarterly earnings

Goldman Sachs has enhanced compensation packages for its employees by 17%, following a significant rise in profits during the second quarter amidst an increase in dealmaking activities. The investment powerhouse allocated $4.2 billion (£3.2 billion) to employee remuneration and benefits, which included salaries, pensions, and individual bonuses for

Burberry urged to shift its branding strategy towards affectionate appeal instead of relying on provocation.

Burberry urged to shift its branding strategy towards affectionate appeal instead of relying on provocation.

Burberry's legacy as a prestigious brand stands unchallenged, with its iconic trenchcoat recognized worldwide. As luxury shopping increasingly values esteemed brands, Burberry emerges among those coveted by many. The label has deep roots in history and authenticity, symbolizing Britishness while promoting a commitment to sustainability through long-lasting garments.