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Bill Gates pulls out of Indias AI summit amid Epstein files controversy
Posted onGates’s decision to not speak to the summit came after days of uncertainty over whether he would attend. He is currently in India and had visited the southern state of Andhra Pradesh on Monday, where he reportedly discussed initiatives for boosting health, agriculture, education and technology.
Weight loss jabs affecting Greggs, boss says
Posted onThe boss of Greggs said there was “no doubt” hugely popular appetite suppressing drugs have led to people looking for “smaller portions”, affecting the company’s bottom line. People are also looking for “protein and fibre”, and generally healthier options, Roisin Currie said, adding the bakery has been introducing products to tap into that market. Greggs…
US firm collapses ringing ‘alarm bells’, says Bank of England chief
Posted onThe collapse of two US companies could be a sign of wider problems in the financial system and “alarm bells” were ringing, the governor of the Bank of England has said. Andrew Bailey told a House of Lords committee that it was important to take the failure of car parts supplier First Brands and subprime…
Trump raises US tariffs on South Korea imports to 25%
Posted onUS President Donald Trump has announced he is raising tariffs on South Korean imports to 25% after accusing Seoul of “not living up” to a trade deal reached last year. In a post on social media, Trump said he would increase levies on South Korea from 15% across a range of products including automobiles, lumber,…
EasyJet agrees to rival £5.7bn takeover bid from US company
Posted onNo-frills airline EasyJet says it has agreed in principle to a £5.7bn takeover proposal from US firm Apollo Management – just days after it had accepted an offer from a rival suitor. The Luton-based carrier said Apollo’s offer delivered “a superior outcome” to investors than the previous bid from US investment firm Castlelake that EasyJet…
Private jets: How plane makers are chasing Asias super-rich
Posted on“Here in Asia, and especially South East Asia, we’re particularly busy right now. Our market share is growing. We’re delivering more airplanes into the region… we’re very busy in Vietnam. In Singapore, Indonesia, Malaysia, Australia, New Zealand,” Scott Neal of Gulfstream said.
