The UK’s competition watchdog has confirmed it is launching a merger inquiry into Amazon’s partnership with AI firm Anthropic. The tech giant has invested four billion US dollars (£3.1 billion) into the US AI firm. On Thursday, the Competition and Markets Authority (CMA) said it has “sufficient information” to beginContinue Reading
Octopus Energy is to extend an energy bills support scheme for pensioners, after the Government removed winter fuel payments for millions of elderly people. The energy supplier said it will continue its £30 million assistance fund into this winter, and that pensioners who do not meet the new criteria forContinue Reading
Deliveroo has revealed it made a profit of £1 million over the first half of this year in a “major milestone” for the previously loss-making delivery platform. The company said it had seen encouraging signs in terms of consumer behaviour as food price rises continued to ease. It posted a profitContinue Reading
The Portugal Golden Visa scheme is probably one of the most recognized programs that provide a path to European residence and rich investment possibilities. Out of all the investment possibilities, investing in private equity funds has been quite effective. Regardless, this approach fits the framework of Portuguese citizenship by investmentContinue Reading
Bensons for Beds has bought 19 former Carpetright stores in a rescue deal. It comes weeks after the UK’s largest carpet retailer tumbled into administration. Shortly after hiring administrators, Carpetright sold its brand, 54 shops and two warehouses to rival Tapi. However, Bensons for Beds has now said it willContinue Reading
London’s FTSE 100 was among the global markets to rally strongly on Wednesday. Monday dire trading was firmly behind traders as sentiment turned sharply positive due to improving hopes over the economic outlook. London’s top index recorded its strongest trading day for around four months as banking firms performed well.Continue Reading
Council leaders are working “at pace” to resolve pay disputes in a bid to prevent refuse workers taking strike action next week. Cosla, the umbrella body which represents Scotland’s 32 local authorities, has said it has offered “the absolute limit” of available cash to unions. However, the 3.2% pay offerContinue Reading
Bensons for Beds has snapped up 19 Carpetright stores after the collapse of the carpet retailer. The bed specialist also said it hopes to create job opportunities for former Carpetright staff when it reopens the stores under its brand. Carpetright tumbled into administration last month after struggling in the faceContinue Reading
The Labour government has no chance of reaching its goal of lifting economic growth to 2.5 per cent without raising annual investment by £50 billion, an independent think tank has claimed. The warning, issued by the National Institute of Economic and Social Research (NIESR), comes as another group of researchersContinue Reading
The UK advertising watchdog has banned an Instagram post by TV personality Gemma Collins, in which she promoted a headset as a treatment for depression. The Advertising Standards Authority (ASA) ruled that the advert discouraged seeking professional medical advice. In the video, posted in May 2023, Collins wore a FlowContinue Reading
