Amazon is shutting down all 19 of its Amazon Fresh grocery stores in the UK, putting around 250 jobs at risk as the company pivots towards online sales and expands its Whole Foods brand. The…
Business
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The UK is forecast to have the highest rate of inflation among the world’s richest economies this year, according to the Organisation for Economic Co-operation and Development (OECD). In its latest outlook, the OECD raised…
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Business
Tyl by NatWest partners with akru to launch integrated POS and payments solution for UK hospitality
Tyl by NatWest has announced a new strategic partnership with akru, the cloud-based point-of-sale (POS) platform powered by Zonal, to deliver a fully integrated payments and POS solution for UK hospitality venues. Under the agreement,…
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Nvidia is set to invest up to $100bn in OpenAI and supply the ChatGPT-maker with advanced data centre chips, in one of the most significant partnerships yet in the global race to dominate artificial intelligence.…
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Rachel Reeves is under pressure to overhaul the UK’s tax system after the Resolution Foundation urged her to cut employee national insurance contributions by 2p and offset it with an equivalent rise in income tax.…
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The cost of running the UK’s gambling regulator has doubled in the past year as it prepares for a high-stakes legal showdown over the awarding of the National Lottery licence. Newly filed accounts show that…
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As social media continues to weave itself into the fabric of daily life, the algorithms that drive engagement have come under fire for their potential to foster addictive behaviours. With research linking these algorithms to…
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Business
Sir Jim Ratcliffe’s ‘bust by Christmas’ warning questioned after £36m jobs cull at Manchester United
Manchester United’s sweeping job cuts have cost more than £36 million in compensation, but helped slash losses and deliver record revenues, casting doubt on Sir Jim Ratcliffe’s claim that the club was on the brink…
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Sky is preparing to slash hundreds of jobs in the UK as the broadcaster continues to grapple with the shift away from satellite television towards streaming. The company has launched a consultation affecting 900 roles,…
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Unemployment in Britain is on course to climb to its highest level in five years as businesses brace for another round of tax rises under Chancellor Rachel Reeves, according to new forecasts. KPMG said the…