The Comptroller of New York City and seven financial firms are recommending Tesla shareholders give a thumbs down to the electric car maker’s ~$50 billion compensation package for CEO Elon Musk. The suggestion was part of a letter signed by NYC Comptroller Brad Lander and the aforementioned companies, filed with the Securities and Exchange Commission … Read more
Image source, Getty Images Item information Author, Simon Jack and Oliver Smith Role, Business editor and business reporter, BBC News May 21, 2024, 2:33 PM BST Updated 2 hours ago Water companies in England and Wales want bills to rise by 24% to 91% over the next five years, according to figures from the consumer … Read more
TORONTO, May 21, 2024 – Thomson Reuters (TSX/NYSE: TRI)a global content and technology company, today brought the combined power of Thomson Reuters CoCounsel, the professional AI assistant with deep content expertise, to life with Microsoft Copilot, Microsoft’s AI companion. Thomson Reuters today took a major step forward in its collaboration with Microsoft in an onstage … Read more
Paula Vennells described the cases of wrongly convicted subpostmasters as “deeply disturbing” in a 2013 email that was labeled the “smoking gun” of the scandal. In the email, the former CEO confirms that she has received and read important evidence about possible wrongful convictions, including that of a sub-postmaster who went to prison. “I just … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Microsoft has unveiled an improved artificial intelligence-powered assistant that can work without direct commands while supporting the work of entire business departments, as the tech giant steps up its rivalry with Google to create AI … Read more
Microsoft will soon allow companies and developers to build AI-powered copilots that can work as virtual workers and perform tasks automatically. Instead of Copilot sitting idly by waiting for queries, it will be able to do things like monitor email inboxes and automate a series of tasks or data entry that employees would normally have … Read more
Image source, Getty Images Item information Author, Michael Ras Role, Business reporter, BBC News May 21, 2024, 4:25 PM BST Updated 37 minutes ago Online used car retailer Cazoo has gone bankrupt after cutting hundreds of jobs as part of a major restructuring. Cazoo became popular during the Covid pandemic when restrictions forced car buyers … Read more
Janet Yellen, the US Treasury Secretary, has urged the EU to urgently intervene to temper growing export levels of Chinese cheap green technology, including solar panels and wind turbines, pushing European leaders to move into a large-scale trade war. At the same time, she urged German bank executives on Tuesday to step up efforts to … Read more
Manston airport site Image RSP An appeal against the rejection of a bid to undergo a judicial review to challenge the decision approving the reopening and redevelopment of the Manston airport site has been dismissed. A judgment today (May 21) by Lord Justice Peter Jackson, Lord Justice Lewis and Lord Justice Warby follows a hearing … Read more
Using the Hubble Space Telescope, scientists have discovered that a cotton candy-like planet the size of Jupiter, located about 350 light-years away, is shrinking and on its way to becoming a ‘sub-Neptune’ or ‘super-Earth’ ‘ format. world. The extrasolar planet or ‘exoplanet’ called V1298 Tau b is not only one of the lightest planets ever … Read more