Nvidia has revealed its latest artificial intelligence (AI) chip, boasting a significant speed boost of 30 times compared to its predecessor.
Author: WTX Business Team
The FT’s lead story claims the US Federal Reserve will have to keep rates high for longer than markets anticipate, according to economists polled by the newspaper. Fed will have to keep rates high for longer than markets anticipate, say economists FT-Chicago Booth poll suggests bank will make two or fewer cuts this year, with the first between July and September The Federal Reserve will be forced to hold interest rates at a high level for longer than markets and central bankers anticipate, according to academic economists polled by the Financial Times. More than two-thirds of those surveyed in the…
City AM – House Price Boom Builds Momentum The London business paper CITY AM reports London property prices have leapt in March. House prices reach highest level in 10 months in March Green shoots continue to emerge in the property market as March has welcomed the highest rise in house prices in 10 months. According to a report by Rightmove, the average price of newly marketed properties rose by £5,279 this month to £368k. The figure trumped the average March increase of 1.0 per cent and is the biggest leap in 10 months. The number of sales being agreed is…
The front page of the London business newspaper City AM reports top dogs in the UK veterinary sector were under pressure today after the competition watchdog said it would investigate why pet owners are not getting value for money.
The Financial Times says the news that US inflation unexpectedly rose to 3.2% in February has highlighted the challenge faced by the Federal Reserve in trying to get prices back down.
Vodafone goes down leaving customers without broadband across the country Hundreds of Vodafone broadband customers were left unable to get online this morning after the provider suffered an outage in various regions across the country. Customers in London, Birmingham, Manchester and Nottingham were among those lodging reports on Down Detector. The problems seemed to appear just before 9am, as many people were logging on to start work for the week. More than 80% of the reports referred to broadband, with 14% relating to mobile internet.
The splash story of the FT centres on a fresh poll showing challenges facing US President Joe Biden as his re-election campaign gears up. Americans are increasingly happy about the economy but reluctant to give credit to Joe Biden, according to a new poll.
The lead for the London business newspaper CITY AM, reports that the UK economy is set to take its first steps out of recession this week with GDP figures for January expected to show a return to growth.
The chancellor’s “squeeze” on local councils leads the Financial Times, as the paper reports Jeremy Hunt has “wound down” a scheme providing millions of pounds for social housing.
Wednesday’s budget will be one of the last set pieces the Tories have to win back the British public ahead of the general election. Yet Hunt’s approach shows the difficult balance he must strike between the desires of the electorate, the fiscal realities and the backbenchers nervously looking at their own majorities
It is the last scheduled Budget before the next general election – expected in the second half of the year.
People earning up to £80,000 can now claim child benefit The maximum threshold for claiming child benefit will be raised from £60,000 to £80,000, it was announced today. Jeremy Hunt said this was part of a structural change which he hoped would see the help for parents assessed on household income rather than individual income by 2026. But as this was not a ‘quick fix’, he said the existing thresholds would simply be raised in the meantime. The threshold at which people begin to lose their entitlement will be raised from £50,000 to £60,000, while the top figure will increase…
Chancellor Jeremy Hunt announced fuel duty will be frozen for another year when he announced the Spring Budget 2024 this afternoon.
Jeremy Hunt has once again frozen alcohol duty, he revealed in today’s Spring Budget.
Jeremy Hunt has announced a new tax on vaping as part of the Spring Budget.
Apple has been fined €1.8bn (£1.5bn) by the EU for breaking competition laws over music streaming. The firm had prevented streaming services from informing users of payment options outside the Apple app store, the European Commission said.
City AM – Back in room The front page of the London business newspaper City AM leads on Insurance giant Aviva heading back into Lloyd’s for the first time since 2000. Aviva back into Lloyd’s for first time in two decades after £242m acquisition Insurance giant Aviva will head back into Lloyd’s for the first time since 2000 after acquiring carrier Probitas for more than £200m. The transaction sees Aviva take tenancy rights to Syndicate 1492, giving it a pathway back into the Lloyd’s market, and boosting the one Norwich-HQed business’ global corporate and specialty business. “This acquisition is another…
The London business newspaper CITY AM reports on a growing slowdown in consumer spending that hit London-listed operations yesterday – including Durex-maker Reckitt.
The Financial Times reports that Russia has a “low bar” when it comes to using tactical nuclear weapons.
In a blog post sharing an email sent to employees, boss Jim Ryan called the move “sad news” and said it was “a difficult day at our company”.
The employees are set to be moved to Apple’s artificial intelligence (AI) division instead, according to Bloomberg News.
Russia is becoming more dangerous, America is less reliable and Europe remains unprepared. The problem is simply put, but the scale of its solution is hard to comprehend.
The front page of the London business paper CITY AM reports Britons are ditching business cards, leading to predictions that they will soon die out altogether.
The widespread drop in global house prices that hit advanced economies has largely petered out, according to a front-page lead story.
The FT’s main story reports that a “bumper earnings report” from chipmaker Nvidia has sparked a global stock market rally, with the company’s shares surging 15% in early trading, adding £205bn ($260bn) to its value in the process.
