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Households face dismal rise in spending power, says IFS
Pritti Mistry,Business reporterand Archie Mitchell Getty Images Households are facing a “truly dismal” increase in living standards after the Budget, the head of an influential think tank has warned as it accused Labour of breaching its manifesto promise. Average disposable income – a measure of people’s earnings after tax – will rise by just 0.5%…
Next continues to profit after M&S cyber-attack
Fashion brand Next has continued to see sales overperform, following a boost in the aftermath of a cyber-attack at rival firm M&S. The British retailer reported a stronger-than-expected 10.5% increase in full-price sales for its third quarter on Wednesday and raised its full year profit guidance for the fourth time in eight months. Next is…
OpenAI shares data on ChatGPT users with suicidal thoughts, psychosis
OpenAI has released new estimates of the number of ChatGPT users who exhibit possible signs of mental health emergencies, including mania, psychosis or suicidal thoughts. The company said that around 0.07% of ChatGPT users active in a given week exhibited such signs, adding that its artificial intelligence (AI) chatbot recognizes and responds to these sensitive…
Luce: Ferrari marketing boss quits just weeks after EV launch backlash
Ferrari’s marketing boss has quit after 16 years at the company just weeks after a backlash over the launch of the supercar maker’s first-ever electric car, the Luce. The firm announced this week that Enrico Galliera would leave the role of chief marketing and commercial officer. He will be replaced by former BMW Italy head…
