Intel, the American semiconductor giant, is set to eliminate 15,000 jobs as part of an aggressive effort to revitalise its lagging manufacturing operations and catch up in the competitive artificial intelligence (AI) chip market. The California-based company’s shares plummeted by 20% in after-hours trading in New York to $29.05 followingContinue Reading
Some 95% of estate agents are seeing an increase in demand for homes with air conditioning as temperatures rise, a survey has suggested. More than four in five agents (88%) also reported a rise in homes coming to the market with built-in air conditioning, with 36% saying such a systemContinue Reading
The FTSE 100 suffered a big loss on Thursday after the Bank of England warned against making further interest rate cuts too quickly. The blue-chip index fell 85 points to end the day on 8,283, a 1% fall. Markets initially rose after the Bank cut rates to 5%, a quarterContinue Reading
The Bank of England has cut interest rates for the first time since 2020, but signalled people should not expect borrowing costs to start dropping rapidly in the months ahead. The central bank reduced the base rate from 5.25% to 5% after a split vote among its policymakers. It meansContinue Reading
UK interest rates have been cut for the first time in more than four years, releasing some pressure on borrowers as the Bank of England was encouraged by signs that inflation has slowed. The Bank reduced rates from 5.25% to 5%, following a split vote which saw some members ofContinue Reading
Engine maker Rolls-Royce has raised its full-year profit outlook and announced plans to resume shareholder dividend payouts for the first time since the pandemic. The group saw shares surge 10% as it cheered investors with news that it will hand out a dividend at its full-year, having last made suchContinue Reading
Verity Blake, Managing Director of HeadOn Public Relations, leads a dynamic PR agency that bridges traditional and digital strategies for SMEs and corporates globally. HeadOn PR is known for delivering top-tier PR services comparable to city firms, but without the hefty London price tag. What was the inspiration behind HeadOnContinue Reading
Businesses of every size have been unable to escape the incredible impact that AI has had on the ways in which we do business of late. From conglomerate to SME, organisations are becoming faster, more agile, and more robust as we outsource administrative and repetitive tasks to our AI co-workers.Continue Reading
The Bank of England could be encouraged to cut interest rates for the first time in more than four years amid growing evidence that inflation has been tamed, experts have said. Expectations on financial markets show about a 65% chance of the Bank’s policymakers opting to reduce rates on Thursday.Continue Reading
One of the latest additions to the wellness beverage trend is mushroom coffee. This curious concoction has been garnering attention for its unique blend of regular coffee with medicinal mushrooms, promising a range of health benefits. But is mushroom coffee just another fad, or does it truly hold up toContinue Reading
