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Nike, Superdry and Lacoste ads banned over green claims
Posted onArchie MitchellBusiness reporter Reuters Adverts for Nike, Superdry and Lacoste have been banned for making misleading claims about their green credentials. The UK’s advertising watchdog challenged the brands over the use of the word “sustainable” in paid-for Google ads which were not backed up by evidence of their sustainability. The Advertising Standards Authority (ASA) identified…
US approves sale of Nvidias advanced H200 chips to China
Posted onOsmond ChiaBusiness reporter Getty Images Nvidia CEO Jensen Huang The US government has given chip giant Nvidia the green light to sell its advanced artificial intelligence (AI) processors in China, the Department of Commerce said on Tuesday. The H200, Nvidia’s second-most-advanced semiconductor, had been restricted by Washington over concerns that it would give China’s technology…
When is the Budget and what might be in it?
Posted onJennifer Clarke & Tom EspinerBBC News Reuters The Chancellor Rachel Reeves will set out plans for the economy when she delivers the Budget on 26 November. There have been warnings that she will have to put up taxes or cut spending if she wants to stick to her own rules on government borrowing. Before the…
Tesco boss warns Reeves against further business taxes
Posted onJosh MartinBusiness reporter Getty Images Tesco expects to make a profit this year of up to £3.1bn The boss of Tesco has warned the government against adding extra costs to UK retailers in the upcoming Budget, saying “enough is enough”. Ken Murphy said he did not want to see a repeat of the last Budget,…
AI build out: AI gold rush draws crypto firms away from Bitcoin
Posted onLike AI systems, Bitcoin relies on vast networks of powerful computers housed in data centres. Because Bitcoin operates without a central authority, these computers verify transactions and are rewarded with newly-created digital coins. But the rewards have reduced and the value of coins has dropped since last year. One bitcoin was worth about $124,000 (£91,000)…
Foreign tourists to pay $100 fee to visit US national parks
Posted onForeign tourists visiting popular US national parks like the Grand Canyon and Yosemite will need to pay an extra fee, the Trump administration said on Tuesday. The Department of the Interior, which runs the country’s national parks, said each international visitor will need to pay $100 (£76) on top of existing fees to access 11…
