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Why tech CEOs suddenly love blaming AI for mass layoffs
Posted onIn recent weeks, giants including Google, Amazon, Meta, as well as smaller firms such as Pinterest and Atlassian, have all announced or warned of plans to shrink their workforce, pointing to developments in AI that they say are allowing their firms to do more with fewer people.
US reportedly pursuing third oil tanker linked to Venezuela
Posted onThe US Coast Guard is in “active pursuit” of another vessel in international waters near Venezuela as tensions in the region continue to escalate. US authorities have already seized two oil tankers this month – one of them on Saturday. Sunday’s pursuit related to a “sanctioned dark fleet vessel that is part of Venezuela’s illegal…
Saltend: Major UK rare earths refinery scrapped in favour of US
Posted onPlans for a groundbreaking rare earths refinery in East Yorkshire have been abandoned, after the company behind the project decided to seek investment in the United States instead. Pensana has spent the past seven years developing a rare earths mine in Angola. The $268m (£185m) project, one of the largest of its kind in the…
Harrods says customers’ data stolen in IT breach
Posted onLuxury department store Harrods has warned customers their personal data may have been taken in an IT systems breach. It said information like names and contact details of some online customers was taken from the systems of a third-party provider. Harrods described the breach in an email sent to customers on Friday evening as an…
Beloved by bands and bank robbers, the Ford Transit turns 60
Posted onTheo Leggett International Business Correspondent BBC Theo Leggett at the wheel of the oldest Ford Transit still in existence Climbing into a 1965 Ford Transit is like stepping into a time capsule on wheels. Forget your modern high-tech nicknacks like satnavs and touchscreens. All you get here is a steering wheel, a big chrome-lined speedometer…
