Leading thinktank says higher oil prices and inflation will give Andy Burnham a ‘challenging inheritance’ Andy Burnham has been warned by a leading thinktank of “very difficult trade-offs in the next autumn budget” if the Iran war keeps oil prices and inflation high. The National Institute of Economic and Social Research (NIESR) said the new prime minister faced a “challenging inheritance” and his plans to revamp public services would meet severe pressure from persistently higher prices. Continue reading…
Share price rally driven by strong product demand as well as decision to sit out AI spending race, amid wider tech sell-off Apple has become only the second company to pass the $5tn valuation mark, as it benefited from investors fleeing AI and semiconductor stocks amid a wider tech sell-off. The iPhone maker’s shares hit a session high of $342.89 on Tuesday, giving it a market capitalisation of $5.04tn (£3.78tn), then eased back down to $340.08 – around the $5tn mark. Continue reading…
Urbanworld, a New York event, has added a section for movies made with A.I. tools. The union was a sponsor but has been outspoken on the dangers of A.I.
Boeing pushed back delivery of two presidential planes by four years. The delay and related expenses contributed to a bigger-than-expected loss in the second quarter.
Record high housing costs have pushed the wealth gap between renters and owners wider than ever. It’s been a boon for owners even as many others are priced out.
A szaúdi hatóságok közlése szerint az ország légvédelme kedden több olyan pilóta nélküli légi járművet fogott el és semmisített meg, amelyek a királyság keleti tartományában található olajlétesítmények ellen kíséreltek meg támadást.
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