The services sector expanded at its slowest pace in three months in June, but growth remained resilient despite rising interest rates and economic uncertainty weighing on demand, a closely watched survey has shown. The S&P Global/CIPS UK services purchasing managers’ ...
Rail firms have announced plans for the mass closure of England’s ticket offices to “modernise” the railway, ramping up the battle with unions and infuriating disability and passenger groups. The move, pushed by the government to save costs, was confirmed ...
The Bank of England may need to push interest rates to as high as 7% to tackle stubbornly high inflation, economists have warned, amid fears the soaring cost of borrowing could drive the economy into recession. With households under growing ...
Meta’s Twitter rival, Threads, logged five million sign-ups in its first four hours of operation, according to CEO Mark Zuckerberg, as the company seeks to woo users from Elon Musk’s troubled platform through an offer of lengthier posts, a handful ...
Commodity Futures Trading Commission (CFTC) investigators have concluded that bankrupt crypto lender Celsius and its former CEO Alex Mashinsky broke US rules before the firm’s implosion, Bloomberg News reported on Wednesday. Attorneys in the regulator’s enforcement unit determined that Celsius misled investors and should have registered with the regulator, according to the report, citing people familiar with the ...
LONDON – US oil and gas production continued to trend higher through April – a delayed response to very high prices in the middle of 2022 after Russia’s invasion of Ukraine. But the fall in prices and drilling rates since late 2022 is set to reduce output in the second half ...
We’re about a week away from the start of Q2 earnings season, so now’s the time to start doing your pre-earnings season homework. I’m not sure what that means to everyone else, but for me, it’s all about evaluating relative ...
ChatGPT’s creator OpenAI plans to invest significant resources and create a new research team that will seek to ensure its artificial intelligence remains safe for humans – eventually using AI to supervise itself, it said on Wednesday. “The vast power ...
The Biden administration on Wednesday appealed a federal judge’s ruling restricting some agencies and officials from meeting and communicating with social media companies to moderate their content, according to a court filing. The notice of appeal filed on Wednesday signals the government’s plan to ask the ...
NEW YORK – Meta’s Mark Zuckerberg delivered a blow to Elon Musk on Wednesday, ramping up the tech billionaires’ rivalry with the launch of Instagram’s much-anticipated companion service Threads, a clone of Twitter. “Let’s do this. Welcome to Threads,” Mr. Zuckerberg wrote in his first ...