Financial news

• If costs force Google to charge for AI, competitors will cheer

  04-04-2024 19:45
  
  AI is not only scarily expensive to run, it is also antithetical to the advertising that is Google’s bread and butterGoogle considering charge for internet searches with AI, reports sayGoogle search prints money. Generative AI burns money. What happens when an unstoppable force hits an immovable object?News that the search engine is considering charging users for access to its AI-powered search tools comes as a surprise, in a way. Google generates more than half its total revenue from sear
  
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• UK failure to build social homes ‘shocking’, says author of 2004 report

  04-04-2024 15:41
  
  Kate Barker, speaking on anniversary of landmark review, says overcrowding and temporary accommodation even worse todayThe failure of governments to build enough social homes in the past 20 years is “shocking” and “uneconomical”, says the author of a landmark Blair-era report into housing supply.Kate Barker has expressed her disappointment at the levels of overcrowding and widespread use of temporary housing resulting from a lack of new homes to accommodate some of Britai
  
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• Gender pay gap among UK staff at Goldman Sachs at highest level in six years

  04-04-2024 14:40
  
  Women’s average hourly pay 54% less than men’s in 2023, raising concerns about female representation in senior rolesThe gender pay gap among UK staff at Goldman Sachs has hit its highest level in six years, raising concerns about a lack of women among the bank’s most senior ranks.Data submitted to the UK government showed that the average hourly pay gap widened at its main UK entity, Goldman Sachs International (GSI), with women receiving 54% less than their male colleagues in
  
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• The doomsters were wrong about the minimum wage. They’re wrong about Labour’s new deal for workers, too | Larry Elliott

  04-04-2024 13:35
  
  This is a policy that could make a radical difference – as long as it’s not watered down like the green prosperity planIt will cost jobs. It will harm the UK’s competitiveness. It will make the labour market less flexible. For those with long enough memories, the push back against Labour’s plans for a new deal for workers has a familiar ring to it. The same arguments were wheeled out before the national minimum wage was introduced a quarter of a century ago. All proved gr
  
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• Higher stout consumption driven by female drinkers and low alcohol options

  04-04-2024 12:14
  
  New flavours and desire for more choice help stout consumption in UK increase by 23% between 2021 and 2022Stout, sometimes thought of as the drink of older men in pubs, is finding a diverse audience – and it’s not just Guinness that’s boosting sales.The beer, part of the ale family and usually a very dark colour, is attracting a range of consumers, including young women, drawn in by new flavours and lower alcohol options. Continue reading...
  
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• Why won’t Ovo listen to me: Just give me my money back!

  04-04-2024 08:00
  
  I have £1,200 credit after being billed for a daily standing charge for a non-existent meterI actually burst into tears today trying to get Ovo Energy to listen.I moved into my house – previously two flats – in August 2022. The previous owners had one gas meter and two electricity meters serving different areas. Continue reading...
  
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• Port Talbot and the future of British steel – Politics Weekly UK – podcast

  04-04-2024 06:00
  
  Thousands of jobs are due to be cut this year at Tata Steel in Port Talbot, putting the future of British steel under serious threat. The Guardian political correspondent Kiran Stacey hears from workers at the plant and people in the town, as well as shadow Wales secretary Jo Stevens, about what this could mean for the area and beyondArchive: Sky News Continue reading...
  
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• Liquid restrictions at UK airports to remain in place until June 2025

  04-04-2024 01:01
  
  Travellers will have to wait another year for 100ml limit to be lifted after government extends deadline for new scannersHolidaymakers will continue to face limits on the amount of liquid they can carry on flights out of the UK this summer after the government extended the deadline for airports to install new security scanners by a year.The Department for Transport had previously set a target for the introduction of 3D scanners in all UK airports by 1 June, but this has now been extended by 12 m
  
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