Sunday, June 14

Tag: United Kingdom

21May By AdminsNo Comments

Boss of a $52 billion investment bank turns to AI to replace 8000 ‘lower-value human capital’

The boss of a $52 billion investment bank has described a plan to slash 8000 jobs over the next four years as a reduction in "lower-value human capital". Standard Chartered chief executive Bill Winters told reporters this week there would be job "reductions in favour of machines, and that will accelerate as we go forward into AI (artificial intelligence)". "It's not cost-cutting," Winters said. Standard Chartered chief executive Bill Winters is planning to shed some of the company's "lower-value human capital". (Bloomberg) "It's replacing, in some cases, lower-value human capital with the financial capital and investment capital we're putting in." The comments are the latest public admission from a major financial or tech institution on the rapid path towards g...
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28Apr By AdminsNo Comments

Spotlight on King’s security as palace confirms US visit will proceed

Security measures for the much-anticipated visit to the United States by King Charles III this week are in the spotlight following the shooting ⁠at a dinner attended ​by President Donald Trump. Buckingham Palace said ​the four-day trip to ‌the United States by King Charles and Queen Camilla ​would go ahead as ​planned following the security scare involving Trump. "Following ​discussions on both sides of the Atlantic through the day, and ​acting on advice ​of government, we can confirm the ‌state ⁠visit by their majesties will proceed as planned," a palace spokesperson said. King Charles III is protected by an elite unit from the UK's Metropolitan Police force. (Getty) "The ​king and ​queen ⁠are most grateful to all those ​who have worked at ​pace ⁠to ensure this rem...
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26Jan By AdminsNo Comments

Popular UK city to tax tourists for overnight stays

Local politicians in Edinburgh have approved a tourist tax for visitors staying overnight the Scottish capital, introducing the first charge of its kind in the United Kingdom. From mid-2026, visitors staying in certain types of accommodation, such a hotel, bed and breakfast, hostel, self-catering apartment or guest house, will be charged a fee of five per cent of their accommodation cost per night. The charge is capped at five consecutive nights, according to the local authority. Local politicians in Edinburgh have approved a tourist tax for visitors staying overnight. (Getty Images/iStockphoto) Accommodation providers will be responsible for collecting the fee on behalf of the authority. Ahead of the vote, Jane Meagher, head of City of Edinburgh Council,...
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21Nov By AdminsNo Comments

Ukraine fires UK-made Storm Shadow missiles into Russia for first time, reports say

Ukraine launched the British-French-made Storm Shadow missiles at targets inside Russia for the first time today, according to a Russian military blog and Reuters, a day after Ukraine fired US-made ATACMS missiles into Russia. Ukraine's use of the UK-supplied missiles to hit Russian territory was confirmed to Reuters by an official on condition of anonymity. British media also reported the use of the cruise missile yesterday, citing sources. A Storm Shadow cruise missile is seen on display at the company's booth at the International Paris Air Show 2023 at the Le Bourget Airport. (Nicolas Economou) Ukraine's Defence Minister Rustem Umerov refused to confirm or deny the use of the UK-made missiles during a news conference yesterday. Nor did a spokesperson for the...
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21Nov By AdminsNo Comments

Ukraine says Russia has launched an ICBM in an attack for the first time in the war

Ukraine says Russia has launched an intercontinental ballistic missile targeting Dnipro city in the central-east of the country, the first time Moscow has used such a missile in the war. It wasn't clear exactly what type of missile was fired overnight, but Ukraine's air force said in a statement on Telegram on Thursday that it was launched from Russia's Astrakhan region. The development comes as the war has taken on a growing international dimension with the arrival of North Korean troops to help Russia on the battlefield. Ukraine says Russia has launched an intercontinental ballistic missile targeting Dnipro city in the central-east of the country, the first time Moscow has used such a missile in the war. (Vyacheslav Prokofyev, Sputnik, Kremlin Pool Photo)
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Julian Assange pleads guilty in US court
26Jun By AdminsNo Comments

Julian Assange pleads guilty in US court

Julian Assange has pleaded guilty to a single felony charge in the courthouse of a remote US territory in the Pacific, ending a decade-plus legal saga over the publication of a trove of classified documents. The plane carrying the WikiLeaks founder to apparent freedom landed in the remote US territory of Saipan in the ocean between Papua New Guinea and Japan shortly before 6.30am, his supporters posted on X, for the final stage of a plea deal reached with the US Justice Department. Assange, clad in a dark suit with a bronze-coloured tie, arrived at the US courthouse in Saipan shortly before 8am AEST (Saipan is in the same timezone as Australia's east coast). WikiLeaks founder Julian Assange arives at the United States courthouse in Saipan. (AP) He was accompanied by Aus...
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