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Nvidia becomes world’s most valuable company amid AI boom
via theguardian.comChipmaker dethrones Microsoft and Apple as stock market surge boosts valuation above $3.34tnNvidia became the world’s most valuable company on Tuesday, overtaking tech heavyweight Microsoft, as its chips continue to play a central role in a race to dominate the market for artificial intelligence.Shares of the chipmaker climbed 3.5% to $135.58, lifting its market capitalization to $3.34tn, just days after overtaking the iPhone maker Apple to become the second most valuable company. Continue -
Jeff Bezos stresses commitment to ‘quality, ethics and standards’ in Washington Post memo
via theguardian.comBillionaire owner’s address comes amid turmoil over chief executive Will Lewis’ involvement in UK phone scandalWashington Post owner Jeff Bezos has sent a memo to staff saying he is committed to “maintaining the quality, ethics, and standards” of the newspaper amid an internal dispute that touches on executive hires and ongoing financial losses.The Amazon multibillionaire, who purchased the paper for $250m in 2013 and initially saw it return to profitability before a post -
Hargreaves Lansdown says it will accept private equity buyout offer
via theguardian.comInvestment fund supermarket has been offered £11.40 a share by trio of international investorsBritish investment fund supermarket Hargreaves Lansdown has said it will accept a proposed offer from a trio of private equity investors, meaning another of the UK’s biggest companies will leave the FTSE 100 index.In a stock market filing on Tuesday, the company said that the US private equity firm CVC, Denmark’s Nordic Capital and a subsidiary of the Abu Dhabi Investment Authority (AD -
People taking their pension as a lump sum may be missing out - here's how to avoid
via express.co.ukThose taking their pension all at once may be losing out on various benefits and even be pushed into higher tax brackets -
Labour's Gordon Brown cost UK a fortune - now Rachel Reeves is preparing to do the same
via express.co.ukEven Labour voters can't get excited about party leader Keir Starmer becoming PM but the ones I know are starry eyed about shadow chancellor Rachel Reeves. -
Total new mortgage lending slumps 13 percent - but hopes rate cuts will revive market
via express.co.ukThe figure was some 13.1 percent lower than the same period last year, according to data published by the Building Societies Association. -
Homeowners facing huge '£26k' bills as they are 'under pressure' to make houses greener
via express.co.ukHomeowners are under pressure to get an EPC for their home on the basis it will be useful when they come to sell or make home improvements. -
HMRC's top ways to earn cash for homeowners - and when you'll be fined
via express.co.ukBeyond property tax and mortgage interest relief, there are numerous nuances that could result in significant fines. -
UK interest rates fall - but warning over surging house prices as 4 year prediction made
via express.co.ukOverall there were 15 percent fewer completed transactions compared with the year to March 2020, but this was offset by 17 percent higher average sale prices. -
DWP benefits cap to hit hundreds of thousand more families losing £4,300 a year
via express.co.ukThe payments cap has been a key driver of poverty in the UK, researchers have warned. -
Boeing bosses accused of ‘strip mining’ company for profit in Senate hearing
via theguardian.comSenators also say executives ‘sticking it to your employees’ as another whistleblower comes forwardThe CEO of Boeing has acknowledged “something went wrong” at the embattled planemaker after another whistleblower came forward, alleging that corners were cut on its production line.Dave Calhoun acknowledged some employees who raised concerns about safety and quality inside the company faced retaliation. Continue reading... -
Will Elon Musk’s incessant innuendo ever catch up with him?
via theguardian.comThe companies led by the boob-obsessed billionaire have faced a number of sexual harassment lawsuits. Why do his cult-like followers still consider him a genius?Elon Musk is a boob. The brash billionaire is also, as he can’t stop telling the world, embarrassingly obsessed with breasts – so much so that last year he painted over the “W” on the Twitter sign at the San Francisco headquarters so that it read “Titter”. This belaboured joke was a long time in the ma -
Restaurants are dying and the Tories won’t save them. That’s why they won’t get my vote | Tom Kerridge
via theguardian.comFood prices and lack of experienced staff are pushing the hospitality industry to ruin – we need fresh thinkingWhen I opened the Hand and Flowers, the first pub in Britain to receive two Michelin stars, we scrimped, saved, maxed out our credit cards and held our breath. It was 2005, and the economic climate was very different back then. People had more money in their pockets, Britain was still a member of the EU, and a global pandemic would have seemed like a far-fetched nightmare.Today, I -
‘Encryption is deeply threatening to power’: Meredith Whittaker of messaging app Signal
via theguardian.comThe woman in charge of the secure communication channel remains implacably opposed to the ‘disease’ of surveillance – and concerned about the sharing of personal dataMeredith Whittaker practises what she preaches. As the president of the Signal Foundation, she’s a strident voice backing privacy for all. But she doesn’t just spout hollow words.In 2018, she burst into public view as one of the organisers of the Google walkouts, mobilising 20,000 employees of the -
‘Will I ever retire?’: millennials wonder what’s on the other side of middle age
via theguardian.comFor millennials, financial security feels like a fairytale. What will the next 40 years look like?Claire*, 42, was always told: “Follow your dreams and the money will follow.” So that’s what she did. At 24, she opened a retail store with a friend in downtown Ottawa, Canada. She’d managed to save enough from a part-time government job during university to start the business without taking out a loan.For many years, the store did well – they even opened a second locat -
Who is fighting for the steelworkers in this election? The view from Port Talbot – video
via theguardian.comIn the run-up to July's election, the Guardian video team is touring the UK looking at issues that matter to communities. In the town of Port Talbot, in the Aberafan Maesteg constituency, many voters are worried about the future of the steelworks where at least 2,800 jobs are on the line. We spoke to businesses, food banks and charities and politicians, all worried about the knock-on effect on families who have been steelworkers for generations. We also heard voters' other conce -
Sainsbury's, Morrisons and Iceland market shares unveiled as UK gets inflation boost
via express.co.ukSales of prepared salad dipped by 11 percent in the past month while the figure for soups was up by 24 percent, according to research from retail analysts Kantar. -
Premium Bonds confusion as NS&I forced to defend security system to customers
via express.co.ukThe customer was unsatisfied with the response from NS&I - but the company said the restrictions were in place for safety reasons. -
Rail season ticket use in Great Britain falls to record low
via theguardian.comNumber of rail trips using season tickets now 13%, down from 34% before the pandemicThe use of rail season tickets in Great Britain has plummeted to the lowest level on record, driven by a rise in working from home since the Covid-19 pandemic.The number of rail journeys made by people using season tickets fell to 13% in the year to 31 March, from 15% in the previous year, according to figures from the Office for Rail and Road, the industry regulator. This is the lowest figure since records start -
Yet more EE excuses over payout when our internet went down
via theguardian.comAfter a week-long delay to fix the problem, it only offered only £18.66 in compensationTwo months ago, our internet went down. EE arranged an engineer appointment with its partner firm Qube within 48 hours, but the visit was cancelled on the day. Another appointment was made for two days after that, but the engineer was unable to fix the problem. A week after the problem, an Openreach engineer attended and restored our service. EE’s compensation policy, in the event of total loss of -
Good riddance is Europe’s message to the Tories – but Labour shouldn’t expect any favours | Paul Taylor
via theguardian.comThe Conservatives’ arrogance and incompetence won’t be missed, and the next UK government will have to rebuild trustPaul Taylor is a senior visiting fellow at the European Policy CentreAfter a disastrous decade in which they blew up Britain’s relationship with the rest of Europe, shrank trade and made life miserable for cross-Channel travellers, the Tories can’t leave office soon enough for most continental Europeans.“Good riddance!” is the cry from Lisbon to -
More Melroses, fewer Sheins: the real definition of success for London | Nils Pratley
via theguardian.comLook to Simon Peckham’s return with Rosebank Industries for an example of where the market should place valueIt’s a euros triumph already: the value of all the companies on the London stock market is greater than all those on the Paris exchange: $3.18tn plays $3.13tn, calculates Bloomberg.Actually, we should probably contain our excitement. First, the position is not groundbreaking: until only a few years ago, London was miles ahead as the biggest stock market in Europe. Second, the -
BYD: China’s electric vehicle powerhouse charges into Europe
via theguardian.comThreat of EU tariffs may not be enough to slow carmaker in its attempt to challenge Tesla on global stageHow will tariffs on Chinese EVs work?Germany’s men kicked off Euro 2024 on Friday in Munich. The city is storied in football terms, but it also occupies an important place in Germany’s self-image for a different reason: Munich is home to BMW, one of the country’s car exporting powerhouses.Yet it will not be the logos of BMW or German rivals including Volkswagen or Mercedes-B -
Energy performance certificates are unreliable and need reform, says Which?
via theguardian.comInvestigation finds assessors providing inaccurate EPCs and unhelpful advice to homeownersThe consumer group Which? has called for an overhaul of the energy performance certificates (EPC) system after an investigation found assessments riddled with inaccuracies and unhelpful advice that could cost homeowners thousands of pounds.The investigation, which included Which? securing EPC assessments for 12 homeowners, found in one case an assessor had failed to mention a property’s solar panels o
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