Britain’s economy has recovered, according to the chancellor.
Chancellor Jeremy Hunt claims the British economy is “back” and that his growth strategy has been supported at the International Monetary Fund gathering in Washington. His predecessor, Kwasi Kwarteng, abruptly departed the previous IMF conference in October amid widespread criticism….
AI: China’s Alibaba will launch a ChatGPT competitor.
Alibaba, the Chinese technology giant, has announced plans to launch its own ChatGPT-style artificial intelligence (AI) product called Tongyi Qianwen. Its cloud computing unit says it will integrate the chatbot across all of Alibaba’s businesses in the “near future,” but…
Tony Danker, the CEO of the CBI, has been fired due to allegations of misconduct.
The CEO of one of the UK’s largest business groups has been fired following complaints about his workplace behavior. Tony Danker will leave the CBI after an investigation into his behavior toward a female employee. Three other CBI employees were…
Tesla CEO Elon Musk has announced plans to build a new battery factory in Shanghai.
Tesla, Elon Musk’s electric car company, says it is expanding in China by building a new factory to produce large-scale batteries. According to the company, the Shanghai plant will be able to produce 10,000 of its “Megapack” energy storage units…
Police in France blame Dover port for border delays.
French border police have accused the Port of Dover of failing to adequately prepare for last weekend’s holiday rush, which resulted in lengthy delays for many travelers. Some school busloads waited for 14 hours to cross the border and board…
Job creation in the United States slows, but unemployment remains low.
The US job market slowed last month, but the unemployment rate remained low, according to official data. Employers added 236,000 jobs in March, which was close to expectations, with bars and restaurants leading the way. The number of new jobs…
Tesla employees shared sensitive images captured by customer vehicles.
Tesla assures its millions of electric car owners that their privacy is “extremely important to us” and “will always be.” According to its website, the cameras it installs in vehicles to aid driving are “designed from the ground up to…
Johnson & Johnson has offered $9 billion to settle talc claims.
Johnson & Johnson has proposed paying nearly $9 billion to settle tens of thousands of lawsuits in North America alleging that its baby powder and other talc-based products cause cancer. The healthcare giant said it still thought the claims were…
McDonald’s closes US offices in anticipation of corporate job cuts.
McDonald’s is temporarily closing its US offices this week in advance of an expected announcement about corporate job cuts. The Wall Street Journal, which broke the news first, reported that McDonald’s had told US and some international employees to work…
Oil prices have risen following a surprise reduction in output.
Oil prices have risen after several of the world’s largest exporters announced unexpected production cuts. Brent crude oil is now trading above $84 per barrel, having risen by more than 5%. Economists have warned that higher oil prices may make…
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