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Sky News
Labour pulls £1.3bn funding for ultra-fast supercomputer and AI projects
Labour has pulled £1.3bn of investment in tech and AI projects promised by the Tories.The Department for Science, Innovation and Technology (DSIT) said the funding committed by the previous Conservative administration was not allocated in its budget and so will not proceed. It included £800m for the creation of a next-generation exascale supercomputer at the …
Business
Evening Standard
Luggage shipping firm backs Irish Olympians as it celebrates expansion to France
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.A luggage shipping company is backing Irish Olympians as it celebrates its expansion to France.My Baggage, with a head office in Belfast, …
Business
Sky News
Share trading app Freetrade to pull out of Swedish market
Freetrade, the stock trading app set up to rival the likes of Hargreaves Lansdown, is to pull out of the Swedish market and focus its business solely on the UK.Sky News understands that Freetrade, which has about 750,000 customers in Britain, plans to inform customers on Friday that it is winding down operations in its …
Business
Evening Standard
Ryanair reveals 650 flights cancelled in July because of air traffic disruption
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Ryanair has revealed it cancelled some 650 flights in July because of air traffic delays, while rival Wizz Air said the global …
Business
Evening Standard
Morrisons increases store freezer temperature to cut carbon emissions
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Morrisons has turned some of its supermarket freezers up by three degrees in a trial to cut carbon emissions.The supermarket chain, which …
Business
Euro News
Global stocks plunge after tech-driven sell off and US growth fears
Business
Sky News
Most popular job searches of 2024 revealed
Being a TikTok presenter and a historic character at a theme park are among the most popular jobs this year, according to new research.Data management officer positions are the most searched for roles so far this year, according to results from jobs site CV-Library. Other popular searches include CCTV controller and train conductor.Money blog: Morrisons …
Business
Sky News
Major supermarket turns up freezer temperatures by 3C – but insists food safety won’t suffer
Morrisons has turned some of its supermarket freezers up by 3C.The grocery chain says the move is part of a trial to cut carbon emissions, but has insisted the measure will not impact food safety. It said the current industry standard of putting freezers at -18C was set almost 100 years ago and had not …
Business
Sky News
What the interest rate cut means for you
The first interest rate cut since the start of the COVID pandemic is good news but experts are warning of a hard slog back towards more comfortable borrowing cost levels. The Bank of England had raised Bank rate 14 consecutive times from December 2021 to try and keep a lid on a surge in inflation …
Business
Evening Standard
UK factories ‘more optimistic after election’ as activity jumps to two-year high
Britain’s manufacturing sector saw activity jump to a two-year high in July amid surging optimism after Labour’s landslide victory, a report has shown.The closely-watched S&P Global UK manufacturing PMI survey recorded a reading of 52.1 for July, up from 50.9 in June and above the 51.8 indicated in last month’s “flash” estimate.The sector has now …
Business
Business Live
Pets at Home revenue rises as consumers spend more after tough year
Pets at Home has reported a rise in revenue for the first quarter, a positive sign for the London-listed retail company following a significant drop in profit during the last financial year. The pet care retailer saw a one per cent increase in total revenue to £441.1m in the 16 weeks leading up to July …
Business
Sky News
Interest rates cut for first time in more than four years
The Bank of England has cut interest rates by a quarter percentage point to 5%.The Bank’s nine-member Monetary Policy Committee (MPC) voted five to four to bring borrowing costs down, bringing to an end the joint-longest plateau for rates since the Bank was granted independence in 1997. Lower interest rates will instantly be reflected in …

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