Newsletter Jul 27, 2023

Tech giants form AI group focused on ensuring safety

Four US leaders in artificial intelligence (AI) announced Wednesday the formation of an industry group devoted to addressing risks that cutting edge versions of the technology may pose.

Stocks tread water while dollar dips after latest Fed rate hike

Wall Street stocks tread water while the dollar dipped Wednesday after the Federal Reserve lifted interest rates and signaled the possibility of further increases.

More than half of UK businesses say customers are spending less

Recent research has shed light on the shifting trends, indicating a rise in remote work and an increasing preference for second-hand shopping among UK consumers.

International leaders condemn Russia's withdrawal from the Black Sea Grain Initiative

Responding to Russia's unilateral withdrawal from the Black Sea Grain Initiative, international leaders have condemned Russia for the effects of decreased exports on global food security.

Amazon third-party sellers to receive fairer exposure from online retailers

CMA's concerns over unequal promotion on Amazon Marketplace have led the e-commerce platform to commit to ensuring Amazon third-party sellers are better treated.

UK bank NatWest CEO resigns after Farage 'error'

The chief executive of Britain's NatWest bank, Alison Rose, stepped down Wednesday after admitting a "serious error of judgment" in speaking to a reporter about the banking affairs of arch-Brexiteer Nigel Farage.

Crown jewel carries weight of UK's colonial past

The star of Britain's crown jewels, the Koh-i-Noor diamond, is back on view after a notable absence from Charles III's coronation that highlighted the nation's awkward ties with its colonial past.

UK and Taiwan strengthen trade ties through 26th annual trade talks and enhanced trade partnership

This significant event comes in the wake of a burgeoning trade partnership as both countries seek to expand their economic horizons.

Kim Jong Un meets Russian defence minister Sergei Shoigu in Pyongyang

Kim Jong Un met the Russian defence minister and a high-ranking Chinese delegation in Pyongyang ahead of major Korean War anniversary celebrations, state media said Thursday, the leader's first known foreign guests since the start of the Covid-19 pandemic.

Ryanair, easyJet, British Airways provide crucial updates about Rhodes bookings

Wildfires are rapidly spreading across Europe, with Italy and Greece already being affected.

New fires in heat-hit Greece force evacuations

Greece ordered evacuations on Wednesday for areas near two central cities after new blazes broke out during a punishing heatwave and as deadly fires hit the Mediterranean.

Elon Musk faces potential lawsuit over X brand already trademarked by Meta, Microsoft

Meta and Microsoft could sue if the tech giants feel Elon Musk's "X" poses a threat to the brand equity they built in the letter.

Meta earnings beat market expectations as ads revive

Facebook parent Meta on Wednesday beat market expectations for quarterly earnings, powered by a reviving digital ad business.

Apple Pay and contactless payments set to surpass cash in stores by 2023

A survey has revealed a major shift in payment preferences, indicating that Apple Pay and Contactless Payments will soon overtake cash payments in physical stores, with 87 per cent of face-to-face payments in the UK in 2022 being contactless.

OpenAI working on an advanced AI model that uses 10 million NVIDIA GPUs

According to the founder of Sogou, Wang Xiaochuan, OpenAI's advanced AI computing model will use more advanced training methods for learning.

Researchers train artificial intelligence to help detect breast cancer

With the support of AI detection, there will be improvements in the accuracy of medical diagnostics as well as earlier breast cancer detection.

Google's AI-driven news tool Genesis sparks debate on journalism's future

Google's AI-powered news tool, Genesis, garners mixed reactions among news organisations, sparking debates on journalism's future, with concerns over accuracy, AI's role, and data privacy.

More than 50 pilot whales die in mass stranding in Western Australia

More than 50 pilot whales died after a mass stranding on a beach in Western Australia on Tuesday as authorities rushed to save the other stranded whales.

Urgent travel warning as popular Spanish party islands put on red alert

A severe heatwave is currently spreading across Europe.

Transfer news: Saudi Arabia puts target on Neymar and Lewandowski

The Saudi Pro League has become more aggressive in the transfer market in recent months.