Newsletter Sep 14, 2023

Musk, Zuckerberg visit US Congress to discuss AI

Big tech bigwigs including Elon Musk and Mark Zuckerberg traveled to Capitol Hill on Wednesday to share their plans for artificial intelligence as the US prepares to draw up legislation to better control the technology.

Wall Street mixed after inflation data as European bourses dip ahead of ECB

Wall Street stock indices moved in opposite directions Wednesday after a mixed inflation report as European bourses dipped ahead of a European Central Bank decision.

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North Korean shells could keep Russian guns firing

North Korea's suspected plans to supply Russia with ammunition could allow Moscow to keep up its war effort in Ukraine but would fall short of a solid strategic alliance, experts say.

BP shares sink after CEO quits over relationships

Shares in British energy major BP sank Wednesday after chief executive Bernard Looney resigned unexpectedly over his failure to disclose past relationships with colleagues.

Chip designer arm targets $52 bn valuation in year's largest IPO

British chip designer Arm is targeting a valuation of more than $52 billion for its initial public offering (IPO) on the Nasdaq exchange on Thursday, according to a company press release.

Experts predict the Bank of England will raise interest rates a final time from 5.25% to 5.5%

Initial GDP figures for July show a fall of 0.5 per cent, a worse performance than expected by economists, increasing the fears of a "mild recession".

Jeremy Hunt signed UK-India capital markets cooperation deals to open up London Stock Exchange listing for Indian companies

Indian companies will be in the London Stock Exchange listing now after the Indian finance minister and the UK chancellor met to discuss capital markets cooperation in the financing of infrastructural projects.

'Tsunami-like' dam flooding in Libya leaves nearly 6,000 dead

Chaos continues in Libya after two dams flooded the city of Derna, with more than 5,000 people killed by the tsunami-like wave that has displaced over 30,000 residents.

US senator calls for probe against Elon Musk and his company SpaceX

SpaceX founder Elon Musk has come under fire for the revelations he has made in his soon-to-be-released biography.

Cybercriminals are adopting a 'ransomware as a service' model

A recent report demonstrates how cybercriminals' victims are primarily chosen opportunistically, rather than being specifically targeted.

Survey reveals high demand for AI and machine learning skills in the UK space sector

Among 95 per cent of surveyed space organisations facing skills challenges, 37 per cent lack software and data analysis experts and 21 per cent specifically require AI and machine learning skills above other needs.

UK to consider banning single-use vapes over concerns of children's health

Recent research found that more than five million single-use vapes are being disposed of in the UK every week, which is a fourfold increase from 2022.

Man United new shirt sponsor deal is 'biggest in football'

Worth a reported £65 million per year, the Red Devils' new deal is richer than the current biggest shirt sponsorship package, which is held by Real Madrid and Fly Emirates.

Alleged bodies of 'non-human beings' shown in Mexican Congress

The alleged bodies of two "non-human beings" were presented during a congressional hearing in Mexico, generating a mixture of surprise, disbelief and ridicule on social media on Wednesday.