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☆ UK population will not be richer if Trump's tariffs are introduced, UK's Trade Committee chair says
▼ + stars: | 2024-11-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUK population will not be richer if Trump's tariffs are introduced, UK's Trade Committee chair saysLiam Byrne, Labour MP and chair of the U.K.'s Business and Trade Committee, discusses the likely outcomes of potential tariffs under President-elect Donald Trump.

Persons: Liam Byrne, Donald Trump Organizations: UK's Trade, Labour, Trade Committee

☆ UK's trade commissioner for APAC on the country's accession to CPTPP
▼ + stars: | 2024-01-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUK businesses have increased interest in APAC as growth is here: UK's trade commissioner for APACMartin Kent, UK's trade commissioner for Asia Pacific talks about the economic benefit of the country's accession into the CPTPP trade deal.

Persons: APAC Martin Kent Organizations: APAC, Asia Pacific

☆ Elon Musk is coming to the UK's big AI safety party. Some people actually building AI say they got frozen out.
▼ + stars: | 2023-11-01 | by ( Tom Carter | ) www.businessinsider.com time to read: +5 min

The UK's AI summit is underway. Some AI experts and startups say they've been frozen out in favor of bigger tech companies. They warn that the "closed door" event risks ensuring that AI is dominated by select companies. The UK's AI summit aims to bring together AI experts, tech bosses, and world leaders to discuss the risks of AI and find ways to regulate the new technology. "It is far from certain whether the AI summit will have any lasting impact," Ekaterina Almasque, a general partner at European venture capital firm OpenOcean, which invests in AI, told Insider.

Persons: Elon Musk, Sam Altman, —, OpenAI's Sam Altman, Brad Smith, Kamala Harris, Iris Ai, Victor Botev, Yann LeCun, Rishi Sunak, Ekaterina Almasque, Almasque, Goldman Sachs Organizations: Service, OpenAI's, Microsoft, Twitter, UK, Big Tech, UK government's Department for Science, Innovation, Technology, UK's Trades Union Congress, American Federation of Labor, Industrial Organizations, Summit Locations: OpenOcean

☆ Economic pain is so bad right now that more companies are handing out up to $2,800 in inflation bonuses to keep their lowest-paid workers afloat
▼ + stars: | 2022-10-19 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

UK firms such as Virgin Media O2 and Monzo are handing out inflation bonuses to staff. This follows US businesses handing out one-off payments this summer to help workers. A growing number of firms globally are handing out one-off bonuses of up to $2,800 to keep lower-paid workers afloat as inflation outstrips pay and pushes prices higher. And UK banks such as Nationwide, Barclays, HSBC and Monzo are all offering one-off bonuses to staff. Although firms handing out cash is a significant and unusual move, workers rights' representatives say it isn't enough.

People relax in the sun of the bank the River Thames, with the The City of London financial district in the distance, in London, Britain, June 16, 2022. The CityUK, which promotes UK financial services abroad, said Britain must make a competitive and compelling offer to lift growth, but there is no magic bullet. DEREGULATION PUSHThe City is largely locked out of the EU since Brexit and financial services were excluded from the UK's trade deal with the bloc. Kwarteng said the financial services sector will be at the heart of the government's programme to drive growth in the economy. "To reaffirm the UK's status as the world's financial services centre, I will set out an ambitious package of regulatory reforms later in the autumn," Kwarteng said.

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