EU needs to wean itself off Visa and Mastercard – banking chief
The head of an EU bank consortium has urged the bloc to reduce its dependence on US payment systems Visa and Mastercard Read Full Article at RT.com
Business
Innovate UK awards £300k grant to boost AI-led early detection of hospital infections
Innovate UK has awarded more than £300,000 to Exeter HealthTech Research Centre and Sanome to advance MEMORI, an AI platform designed to detect hospital-acquired infections days earlier. Read more: Innovate…
Andrew Bailey warns AI training is critical to future of UK jobs
Bank of England governor Andrew Bailey says training workers in AI skills will be critical as artificial intelligence begins to disrupt jobs, vacancies and financial markets. Read more: Andrew Bailey…
Ocado considers up to 1,000 job cuts in renewed cost-cutting drive
Ocado is considering cutting up to 1,000 jobs as part of a fresh cost-cutting programme, with most redundancies expected at its UK head office as the group seeks to return…
‘Thirst for Britain’: Peter Kyle urges SMEs to take leap into exporting
Business secretary Peter Kyle is calling on UK SMEs to start exporting, promising government-backed finance and advice to help firms seize overseas demand for British products. Read more: ‘Thirst for…
High Court clears way for thousands to pursue Capita data breach claims
A High Court judge has ruled that thousands of claimants can continue legal action against Capita over a major 2023 cyber attack, marking a significant moment for UK data privacy…
Tesco snaps up former Amazon Fresh sites as convenience push gathers pace
Tesco has acquired five former Amazon Fresh shops in London as it accelerates the rollout of its Express convenience stores, planning more than 70 new openings by 2027. Read more:…
UK government must end its boycott of British innovation, says Megaslice
Megaslice managing partner Justin Megawarne has criticised the UK government’s procurement system, warning that risk-averse frameworks are shutting out genuine British innovation. Read more: UK government must end its boycott…
Weight-loss jabs threaten Greggs’ growth, analysts warn
City analysts warn that the rise of weight-loss jabs such as Mounjaro and Wegovy could pose a lasting challenge for Greggs, hitting demand from some of its most valuable customers.…
NatWest seals £2.7bn Evelyn Partners takeover in biggest deal since bailout
NatWest has agreed a £2.7bn acquisition of Evelyn Partners, creating the UK’s largest private banking and wealth management group as lenders pivot towards fee-based income. Read more: NatWest seals £2.7bn…