Interest rates should be cut to 3.5% by the end of 2025, says IMF – BBC News

Image source, Getty Images Item information Author, Faisal Islam and Nick Edser Role, Economics editor and business reporter, BBC News May 21, 2024 The International Monetary Fund (IMF) has recommended that UK interest rates should be cut to 3.5% by the end of next year. Such a move could see the Bank of England cut … Read more

Nuclear power: Wylfa on Anglesey chosen as site for new power station – BBC News

Image caption, Wylfa’s previous power station stopped generating energy in 2015 Item information Author, Huh Thomas Role, BBC Wales business correspondent May 22, 2024 Updated 9 minutes ago Wylfa on Anglesey has been chosen as the preferred site for a large-scale nuclear power station, the UK government has said. International energy companies have started talks … Read more

Taylor Swift and Olympics scams fuel fraud in 2024 – BBC News

Image source, Getty Images Item information Author, Charlotte Edwards Role, Business reporter 5 hours ago Fake Olympics and Taylor Swift tickets are the two biggest online scams consumers are likely to encounter this year, UK Finance warns. The warning came as the banks’ lobby group reported that the number of people duped by romance and … Read more

Microsoft Copilot+ Recall feature ‘privacy nightmare’ – BBC News

Image source, Microsoft handout provided by PA Image caption, Microsoft CEO Satya Nadella at the launch of the Copilot+ AI assistant Item information Author, Imran Rahman-Jones Role, Technology reporter 3 hours ago Britain’s data watchdog says it is “inquiring with Microsoft” about a new feature that can take screenshots of your laptop every few seconds. … Read more

Cazoo: What went wrong at the online used car seller? – BBC news

Image source, Getty Images Item information Author, Michael Ras Role, Business reporter, BBC News May 21, 2024, 4:25 PM BST Updated 1 hour 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

Water companies asking for bill increases between 24% and 91% – BBC News

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

Cazoo: What went wrong at the online used car seller? – BBC news

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

Water companies asking for bill increases between 24% and 91% – BBC News

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 1 hour 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

Power grids cracking as AI demands rise – BBC News

Image source, Getty Images Image caption, The electricity demand of data centers is expected to double between 2022 and 2026 Item information Author, Chris Baraniuk Role, Technology reporter 4 hours ago There’s a big problem with generative AI, says Sasha Luccioni of Hugging Face, a machine learning company. Generative AI is an energy hog. “Every … Read more