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Starbucks scraps $250,000 cap on bosss use of company jet
It said: “Given Mr Niccol’s chief executive role, the enhanced media attention to which Mr Niccol and Starbucks are subject, and the current threat landscape, the security study for Mr Niccol also recommended that Mr Niccol use private aviation for all air travel, whether for personal, commuting, or business purposes.”
Regulating AI not the right place to start says Bank of England governor
The Governor of the Bank of England has said regulating artificial intelligence (AI) “is not the right place to start” but instead called first for “rigorous” testing to find vulnerabilities and create safeguards to contain risk. Writing his first-ever article for Substack, Andrew Bailey said the risks around AI were “real and increasingly significant”. He…
Home Office ‘squandered billions’ on asylum accommodation, MPs say
The Home Office has “squandered” billions of pounds of taxpayers’ money on asylum accommodation, according to a report by a committee of MPs. The Home Affairs Committee said “flawed contracts” and “incompetent delivery” left the department unable to cope with a surge in demand and it relied on hotels as “go-to solutions” instead of temporary…
Why are young people leaving Britain to work abroad?
Sol Hyde Nearly 200,000 people under the age of 35, including Sol Hyde (pictured), moved abroad in the year to June With rising rents, a tough job market and pay cheques stretched to the limit, some young Britons are choosing to build their futures overseas. According to the Office for National Statistics (ONS), 195,000 people…
Trump wants Venezuelas oil. Will his plan work?
Archie Mitchell,Business reporterand Natalie Sherman,Business reporter Reuters Donald Trump has vowed to tap into Venezuela’s oil reserves after seizing President Nicolás Maduro and saying the US will “run” the country until a ‘safe’ transition. The US president wants American oil firms to pile billions of dollars into the South American country, which has the largest…
Bentleys first electric car, the Torcal, to be built in Crewe
Bentley has unveiled its first fully electric car after investing £350m to upgrade its factory in Cheshire. The Torcal SUV will be built on a brand-new production line at the site, which has been the luxury carmaker’s headquarters since 1946. Business secretary Jonathan Reynolds said the investment would “support 4,000 high-value local jobs in Crewe”….
