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State actors have since made routine attacks in various countries to manipulate the outcome of elections, according to cyber experts. "Right now, generative AI can be used for harm or for good and so we see both applications every day increasingly adopted," Meyers told CNBC. "This democratic process is extremely fragile," Meyers told CNBC. "You can train those voice AI models very easily ... through exposure to social [media]," Holmes told CNBC in an interview. It's just one example of many deepfakes that have cybersecurity experts worried about what's to come as the U.K. approaches elections later this year.
Persons: Andrew Brookes, Rishi Sunak, Todd McKinnon, Okta's McKinnon, We're, Adam Meyers, CrowdStrike, Meyers, Dan Holmes, Holmes, Keir Starmer, what's Organizations: Getty, Britain, CNBC, British, U.S, APT, New Zealand, Labour Party, Local, Facebook, Meta, Google Locations: Russian, Moscow, London, Wuhan, U.S, Australia, New, China, cybersecurity, Russia, Iran
LONDON — The U.K. economy slipped into a technical recession in the final quarter of last year, initial figures showed Thursday. Though there is no official definition of a recession, two straight quarters of negative growth is widely considered a technical recession. Across the whole of 2023, the British GDP is estimated to have increased by just 0.1%, compared to 2022. "These factors affected the performance of the services and construction sectors, which are the main drivers of the U.K. "Over the coming months, we expect inflation to fall, potentially easing the pressure on U.K. households, and supporting the recovery of the consumer-driven economy," Brookes added.
Persons: Jeremy Hunt, Marcus Brookes, Brookes, Neil Birrell Organizations: National Statistics, Reuters, Finance, Bank of England, Bank of England's, Quilter Investors, Premier Miton Investors Locations: British
Read previewA corner of the internet believes "The Color Purple" star Taraji P. Henson and Oprah Winfrey are feuding, even though they've never spoken ill of each other publicly. Danielle Brooks, Blitz Bazawule, Fantasia Barrino, Taraji P. Henson, and Oprah Winfrey on December 12, 2023, in New York City. Taraji should have waited until after the Color Purple hype was over to speak publicly on her pay being too low. pic.twitter.com/afrWpc7vTD — James Jones (@jamesjonesesq) December 21, 2023"I haven't seen a raise in my income since 'Proud Mary' and almost had to walk away from 'The Color Purple,'" Henson said. Henson called out the frustrations of working on 'The Color Purple' in a New York Times interviewTaraji P. Henson as Shug Avery in "The Color Purple."
Persons: , Henson, Oprah Winfrey, they've, Winfrey, Gayle King, Danielle Brooks, Oprah, Taraji P, Arturo Holmes, Brooks, Sofia, O, Danielle Brookes, Winfrey's, Fantasia Barrino, Fantasia, Dimitrios Kambouris, Realty Trust Henson, Mary, Shug Avery, afrWpc7vTD — James Jones, Instagram, OPRAH, Taraji, Lynsey Weatherspoon, Henson Oprah Winfrey, Tommaso Boddi, I've, Barrino, Toby Emmerich Organizations: Service, Business, Warner Bros, CBS, Hotel, Hollywood, The Hollywood, Empire, Oprah, Getty, Realty Trust, New York Times, 81st Golden Globe, Beverly Hilton Hotel, Entertainment, Globes Locations: New York City, Atlanta, Beverly Hills , California
At the beginning of this year, she started hearing an eerie hum that got louder at night. Virginia has had explosive growth in data centers since the early 2000s, when Loudoun County started allowing data centers to be built. Loudoun County residents say the noise started this past winter and gets louder at night when it's cooler. In Loudoun County, residents said they could hear the data center even with their windows closed. Unlike previous data centers, the new ones use so-called free air cooling , designed to leverage lower temperatures to use less electricity than most data centers.
Persons: Stephanie Brookes, Brookes, Les Blomberg, he's, Mike Turner, Ted Lewis, Turner, Eric Lee, Jeff Mach, Mach, Katy Hancock, Hancock, Chris Crosby, Blomberg, it's, Lewis, Arline Bronzaft, Wire Blomberg Organizations: Business, Compass, Pollution, The Washington Post, county's, Supervisors, Loudoun County's, Public, Lehman College Locations: Loudoun County , Virginia, Virginia, Loudoun County, Leesburg, New York, Ashburn, Loudoun, Loudoun County's
The Crown, the Cabinet and the UK’s legacy of slavery
  + stars: | 2023-11-24 | by ( ) www.reuters.com   time to read: +11 min
British banks backed large parts of the U.S. slavery economy, and British factories were the world’s largest customers for the cotton produced by plantations in southern U.S. states. In 1663, it was granted a monopoly by King Charles II for the British slavery trade. In 1794, Eli Whitney patented the cotton gin, a machine that would transform the U.S. slavery economy. Mill owners including the Arkwrights, one of the richest families in the industry, were Smith family clients. Two British travel writers visited Farm Pen in 1837, when the land was still in Smith family hands.
Persons: , Nick Draper, George Smith, King Charles, Hunt, Trevor Burnard, , ” Burnard, Smith, Edward, René Payne, Payne, John Tunno, John de Ponthieu, … ” Edward Payne, slaveholder John de Ponthieu, de Ponthieu, buryed, King Charles II, John Montagu, Edward Montagu, Montagu, ” John Montagu 11th Earl of Sandwich, Edward Montagu , 1st Earl of Sandwich, Nicholas Radburn, ” Radburn, Brookes, , Eli Whitney, Rothschild, Geoffrey Clifton, Brown, William, James Brown, James, Clifton, Harriman, Draper, Morgan Chase, Joseph Sturge, Thomas Harvey Organizations: America, University College London, , Wilberforce Institute, University of Hull, , Reuters, Company of Royal Adventurers of, Royal African Company, The Company, Royal Adventurers of, Lancaster University, Traders, Transatlantic, Brown Brothers, Brown, Harriman & Co, Planters Bank of Tennessee, Planters Bank of Mississippi, Rio, Spanish Town Locations: Britain, U.S, British, Caribbean, British Caribbean, America, English, Nottingham, London, West India, Bristol, Liverpool, United States, South Carolina, Charleston, Barbados, Africa, North, Clifton, New York, Louisiana and Mississippi, Louisiana, Jamaica, Kingston, Spanish
A view shows the logo of the European Central Bank (ECB) outside its headquarters in Frankfurt, Germany March 16, 2023. That was a relief to financial markets, roiled in recent weeks by a surge in government bond yields led by U.S. Treasuries. The central bank reiterated it would reinvest all the cash it receives from maturing bonds it holds under its 1.7 trillion euro pandemic-era bond scheme until the end of 2024. Instead, the ECB kept the emphasis on slowing inflation, raising investors' conviction that September's rate rise was the central bank's last. And inflation risks have not disappeared.
Persons: Heiko Becker, Christine Lagarde, Lagarde, Piet Christiansen, Gabriele Foa, reinvestments, Marcus Brookes, Sabrina Kanniche, Yoruk Bahceli, Naomi Rovnick, Amanda Cooper, Nick Zieminski Organizations: European Central Bank, REUTERS, ECB, U.S, Treasuries, Reuters, Danske Bank, The Bank of, Algebris, Quilter Investors, Asset Management, Thomson Locations: Frankfurt, Germany, Italy, Copenhagen, Israel, The Bank of Canada, wean, Ukraine
LONDON — U.K. inflation came in at 6.7% in September, slightly ahead of expectations and unchanged from the previous month. For August, the U.K. consumer price index surprised with a dip to 6.7%, below expectations, which sparked the Bank of England to end a run of 14 straight interest rate hikes. The bank had been hiking rates consistently since December 2021 in a bid to rein in inflation, taking its main policy rate from 0.1% to a 15-year high of 5.25% in August. The market is pricing around a 77% chance that the Bank holds rates steady again at its next meeting on November 2nd. For now, the higher for longer interest rate narrative will continue to persist," he said Wednesday in an emailed note.
Persons: Jeremy Hunt, Marcus Brookes, Brookes, Hetal Mehta, BoE Organizations: LONDON, Reuters, National Statistics, Chancellor, Bank of, Bank, Quilter Investors, Bank of England's, Bank of England Locations: Canary, London, Bank of England, British, James's
A passageway near the Bank of England (BOE) in the City of London, U.K., on Thursday, March 18, 2021. LONDON — The Bank of England on Thursday ended a run of 14 straight interest rate hikes after new data showed inflation is now running below expectations. Investors on Wednesday ramped up bets that the Bank would pause its interest rate hiking cycle after U.K. inflation came in significantly below expectations for August. Thomas Verbraken, executive director of risk management research at MSCI, said the burning question is whether the Bank of England's Thursday decision signals the peak of the interest rate cycle. Forward looking indicators suggest the U.K. economy is already flirting with recession, a backdrop consistent with cooling wage growth and a policy pivot," Mehdi said.
Persons: BOE, Andrew Bailey, We'll, Marcus Brookes, BoE, Brookes, Thomas Verbraken, Hussain Mehdi, Mehdi Organizations: Bank of England, City of, LONDON, Bank, U.S, Monetary, MPC, Quilter Investors, U.S . Federal Reserve, Bank of England's, HSBC Asset Management, Bank of, Fed, European Central Bank Locations: City, City of London, Bank of England's
Atlassian shares jumped as much as 24% in extended trading on Thursday after the collaboration software maker announced stronger-than-expected fiscal fourth-quarter results and promised wider margins in the future. Here's how the company did:Earnings: 57 cents per share, adjusted, vs. 45 cents per share as expected by analysts, according to Refinitiv. 57 cents per share, adjusted, vs. 45 cents per share as expected by analysts, according to Refinitiv. Revenue: $939.1 million, vs. $914.6 million as expected by analysts, according to Refinitiv. The company's net loss of $59 million or 23 cents per share, narrowed from $90.6 million, or 36 cents per share, in the year-ago quarter.
Persons: Scott Farquhar, Atlassian, Refinitiv, Mike Cannon, Brookes, Cameron Deatsch, Farquhar, Salesforce, NFJ's Organizations: Atlassian Corp, Allen, Co . Media, Technology Conference, StreetAccount, Management, Cloud, Cannon, Microsoft Locations: Sun Valley , Idaho, Refinitiv
VIEW Bank of England raises rates for a 14th time
  + stars: | 2023-08-03 | by ( ) www.reuters.com   time to read: +7 min
The BoE raised interest rates by 25 basis points to 5.25% and said high inflation meant it was unlikely to stop raising rates any time soon. However, with Thursday's decision, traders began to price in a lower peak in UK rates. MONEY MARKETS: Interest-rate derivatives showed traders believe UK rates will peak around 5.67% by March, compared with an expected peak of 5.73% in the run-up to the decision. Rising interest rates means higher borrowing costs, which will lead to larger monthly mortgage payments for many homeowners." The Bank of England remains committed to bringing inflation down, unfortunately raising interest rates is one of the only tools the Bank can use to sap demand out of the economy."
Persons: BoE, Sterling, VIVEK PAUL, we’ll, STUART COLE, JEREMY BATSTONE, CARR, RAYMOND JAMES, MARCUS BROOKES, ” SEEMA SHAH, Rishi Sunak, GILES COGHLAN, THOMAS PUGH, JOHN LEIPER, Amanda Cooper, Samuel Indyk Organizations: Bank of England, FTSE, BLACKROCK, LONDON, TOM HOPKINS, Bank of, RSM, Bank, EMEA, Thomson Locations: LONDON, EUROPEAN, U.S
Our experts answer readers' investing questions and write unbiased product reviews (here's how we assess investing products). Start investing with one of the best investing apps for beginners »Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. That was my introduction to investing," Brookes told Insider. Modern Blk Girl has grown its community to more than 150,000 members, and helped women of color earn more than $3.5 million in the stock market. Start investing with one of the best investing apps »This article was originally published in May 2022.
Persons: Sharlea Brookes, Brookes, Tiffany James, Patience, they'll, didn't, It's, Brookes doesn't, MBG's Organizations: Service, Teen University, Invest, Yahoo, Wall Street Journal, CNBC, Industry Locations: Wall, Silicon
The OECD recently predicted that the UK will experience the highest inflation among all advanced economies this year. Inflation dipped below 10% in April but continues to exceed consensus forecasts and remains significantly higher than the Bank of England 's 2% target. The Consumer Prices Index including owner occupiers' housing costs (CPIH), the ONS' preferred metric, rose by 7.9% in the 12 months to May 2023, up from 7.8% in April. LONDON — U.K. inflation came in hotter than expected in May, as consumer prices rose by an annual 8.7%, unchanged from the previous month. However, he said the Bank will now "feel like it has no choice, especially with core inflation now rising again."
Persons: Rishi Sunak, Jeremy Hunt, Marcus Brookes, Brookes, Thiru Organizations: OECD, Bank of England, ONS, Office, National Statistics, Reuters, LONDON, Organization, Economic Cooperation, Development, CPI, Quilter Investors, Bank Locations: Sheffield
Aussie billionaires’ solar spat enters new phase
  + stars: | 2023-05-29 | by ( ) www.reuters.com   time to read: +2 min
MELBOURNE, May 29 (Reuters Breakingviews) - The battle between two of Australia’s richest men for control of bankrupt renewables startup Sun Cable has ended in a whimper. Surprisingly absent from the final bout was Squadron Energy, one of Fortescue Metals (FMG.AX) founder Andrew Forrest’s investment companies. Both were early investors in Sun Cable; their spat over its strategy plunged the firm into administration in January. Cannon-Brookes wants to stick to the original plan of sending most of the energy it produces to Singapore via an undersea cable. Now the race is on to see which of the two men is first to flick the on switch.
CNN —Yasmeen Lari, widely recognised as Pakistan’s first female architect, has become the first woman since Zaha Hadid to win the prestigious Royal Gold Medal, awarded by the Royal Institute of British Architects (RIBA). Lari created the Zero Carbon Cultural Centre in 2011. The Pakistan State Oil Head Office in Karachi (shown here in 1984) was designed by Lari. RIBA President Simon Allford said, “Lari’s mission during her ‘second’ career has empowered the people of Pakistan through architecture, engaging users in design and production. “It’s about seeing how you can help build communities.”Top image: Yasmeen Lari at the Zero Carbon Women Center on Bamboo Stilts in Pakistan, 2011.
Business-software maker Atlassian said Monday that it will lay off 500 employees, or around 5% of its workforce. Cuts are not evenly distributed across the company, they wrote in a blog post. Australia's unemployment rate in January was 3.7%, according to government statistics. Australia's unemployment rate in January was 3.7% on a seasonally adjusted basis, according to government statistics. The cost cuts will result in $70 million to $75 million in charges, according to a filing.
Australia-to-Asia power project will go up for sale in January
  + stars: | 2023-01-20 | by ( ) www.reuters.com   time to read: +1 min
MELBOURNE, Jan 20 (Reuters) - A huge solar power project in Australia that collapsed last week will be put up for sale before the end of January and the sale process is expected to take about three months, administrators at FTI Consulting said on Friday. "Indicative timing for the sale process is approximately three months," the administrators said in a statement released after the first meeting of creditors. Sun Cable designed its key project, Australia-Asia PowerLink, to send power from a 20 gigawatt (GW) solar farm with the world's biggest battery in northern Australia across what would be the world's longest undersea cable, to Singapore. Tech billionaire Cannon-Brookes, who is chairman of Sun Cable, backs that plan. However, iron ore magnate Forrest's private firm Squadron Energy called for an overhaul of the project, aiming to scrap the undersea cable plan.
The proposed Sun Cable project would see a subsea cable stretch from Darwin to Singapore. A statement from Cannon-Brookes’ private investment arm, Grok Ventures, suggested all investors except Forrest’s investment arm Squadron Energy remain committed to the cable. Tim Buckley, director of Climate Energy Finance, says the export of green hydrogen (hydrogen generated from renewable energy) is at least a decade away. “The market for green hydrogen exports has sort of deflated quite dramatically when people realize there’ll be a decade or two before you can actually ship green hydrogen anywhere overseas,” he said. For example, Xlinks plans to run a cable almost as long and powerful from Morocco to the United Kingdom.
MELBOURNE, Jan 12 (Reuters) - Iron ore magnate Andrew Forrest called on Thursday for an overhaul of a $20 billion-plus project to send solar power from Australia to Singapore, which collapsed after he and tech billionaire Mike Cannon-Brookes split over funding plans. Singapore-based Sun Cable, largely owned by Forrest's private firm Squadron Energy and Cannon-Brookes' private firm Grok, appointed voluntary administrators this week less than a year after raising A$210 million for the Australia-Asia PowerLink project. In Squadron's first public comments since the collapse was announced on Wednesday, the firm said the project "requires vision and precise execution". "Squadron Energy believes in the vision but believes the manner in which the project is delivered needs urgent change," Squadron Chairman John Hartman said in an emailed statement. "Exceptional governance practices and world-class project delivery expertise, as well as pursuing bankable technologies, will be required to make the project a reality," Hartman said.
Companies Sun Cable FollowMELBOURNE, Jan 11 (Reuters) - The developer of a $21-billion project aiming to deliver solar power to Singapore from Australia has collapsed as its two main backers, Australian billionaires Mike Cannon-Brookes and Andrew Forrest, failed to agree on a new round of funding. Singapore-based Sun Cable said it had appointed voluntary administrators less than a year after raising A$210 million from the two billionaires for the Australia-Asia PowerLink project. Tech billionaire and climate activist Cannon-Brookes, who became chairman of Sun Cable in October, said he remained confident in the project. The statement offered no comment from iron ore magnate Andrew Forrest's privately owned Squadron Energy, Sun Cable's other big stakeholder. Future steps are likely to involve voluntary administrators FTI Consulting seeking fresh capital or selling the business entirely, Sun Cable said.
In recent weeks, upcoming strike actions have been announced by nurses, rail workers, postal workers, ambulance workers, airport staff, Border Force agents, highway workers, Eurostar staff, civil servants, bus drivers, firefighters, charity workers, meteorologists and offshore workers. For the public sector, real earnings were 5 percentage points lower, and Hollingsworth suggested that the growing gap had become "unsustainable." "I think there's clearly a lot of pressure here for some catch-up on the public sector side of things, and it's clear that there is that labor bargaining power there." "However, the gap between private and public sector pay narrowed slightly, with private sector pay up 6.9%, while public sector pay is up by 2.7%." However, with negotiations remaining fraught and unions showing no signs of backing down, he said some catch-up on public sector pay growth will likely be required to prevent further disruption.
This publishing CEO says job hopping won't fix your career woes
  + stars: | 2022-12-02 | by ( ) www.cnbc.com   time to read: +1 min
It's often touted that modern generations are more willing to job-hop than their predecessors, but is this helpful for their careers? Will Brookes, CEO of business news company Raconteur, doesn't think so. But Brookes said that riding out the career lows in order to experience the career highs helped him climb the ladder to CEO. "We've had some tricky times over the years, but I've always believed in the cause I've always loved the culture," Brookes said of his career so far at Raconteur. "I stuck with the business and I like to think I've helped the business get back to a really high level of success.
Instant View: UK finance minister Jeremy Hunt outlines budget
  + stars: | 2022-11-17 | by ( ) www.reuters.com   time to read: +5 min
Much of Hunt's budget had been widely expected, meaning markets offered a muted reaction. Sterling fell against the dollar, while UK government bond prices also eased, but remained clear of the day's lows. FOREX: Sterling fell 0.9% against the dollar to $1.1809 from $1.1845 prior to the budget. MARCUS BROOKES, CHIEF INVESTMENT OFFICER AT QUILTER INVESTORS, LONDON:"Today’s Autumn Statement has painted a bleak picture for the UK... Markets originally reacted well to the steady hand of Jeremy Hunt. SIMON HARVEY, HEAD OF FX ANALYSIS, MONEX EUROPE, LONDON:"The austerity’s going to be welcome (to the Bank of England) purely because there’s going to be less support for UK consumers.
Putin still hasn't decided if he'll run for president in 2024, his spokesperson said. Western officials have suggested the Ukraine war has weakened his position, per The Times of London. But keeping people guessing is standard practice for Putin, a Russia expert told Insider. It's a standard move for him, an expert in Russian politics said, that keeps his opposition guessing. Putin made the decision to invade Ukraine based on "incredibly faulty information," an official told the paper.
Oct 18 (Reuters) - Australia's Tyro Payments Ltd (TYR.AX) confirmed on Tuesday it was in preliminary takeover talks with selected parties, including no.3 lender Westpac Banking Corp (WBC.AX), sending shares of the payment terminals firm up more than 5%. Tyro last month rejected a A$1.27 per share indicative offer from a private equity consortium led by Potentia Capital Management. Westpac on Tuesday separately confirmed the talks in a brief statement and said a potential deal would strengthen its small business proposition. "From a Tyro perspective, it's clear that Westpac would have significantly more synergies than the PE consortium. He said the logic of synergies from a deal for Tyro should also apply to Westpac's rivals National Australia Bank (NAB.AX) and Australia an New Zealand Banking Group (ANZ.AX).
CNN —Novak Djokovic would be welcomed to play at the Australian Open if he can obtain a visa, according to tournament director Craig Tiley. Djokovic holds the Norman Brookes Challenge Cup as he celebrates victory at the 2021 Australian Open. Cameron Spencer/Getty ImagesNeutral flagTiley also said that Russian and Belarusian players will be allowed to participate under a neutral flag in the upcoming Australian Open. “At this point, Russian and Belarusian players will be eligible to play in the Australian Open,” Tiley said. But they will be welcome to the Australian Open in January.”The 2023 Australian Open begins on Monday, January 16 in Melbourne.
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