Google and the University of Cambridge have entered a multi-year research partnership focusing on responsible Artificial Intelligence (AI), with the goal of investigating the potential positive impacts on society such as tackling climate change.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
HMRC introducing new side hustle tax targets Britons making money online
With the rise of the gig economy and the increasing number of individuals making money online, the UK government is introducing new measures to tackle tax evasion.
BYD overtakes Tesla as world’s top electric vehicle manufacturer
China’s BYD has taken the lead over Tesla as the top electric car maker worldwide.
Record Christmas for Aldi and Lidl as shoppers descent on discount supermarkets amid cost of living crisis
Aldi and Lidl, the discount supermarkets, have enjoyed record Christmas trading amid the cost of living crisis.
Bitcoin price breaks $45,000 barrier as US authority approval nears
The price of bitcoin surged past the $45,000 mark, its highest since April 2022, on speculation that the US authorities are close to approving the first mainstream crypto-focused exchange-traded funds.
Post Office Horizon inquiry: ‘enough evidence for police investigation’
A public inquiry into the Horizon IT scandal at the Post Office has produced enough evidence for police to investigate senior staff, according to lawyers for postmasters who were wrongly convicted of crimes including theft and fraud.
FTSE 100 ends year up 3.8% but trails rival markets in Europe and US
The London Stock Exchange has ended the year trailing rival markets in Europe and the US, as a stagnating economy and a volatile political climate deterred investment and cast a shadow over the nation’s economic prospects.
House prices fall nearly 2% over year
House prices fell 1.8 per cent over the course of 2023, and are unlikely to rebound next year according to Nationwide.
Just under 5,000 ‘festive filers’ submitted their tax return on Christmas Day
Nearly 4,800 ‘festive filers’ filled out their tax returns on Christmas Day, according to HM Revenue and Customs (HMRC).
Increased HMRC VAT investigations bring in £11.4bn of unpaid tax
Increased tax compliance measures have yielded £11.4bn in unpaid tax as investigations into rich people and mid-size businesses grew.
Retailers to pay for consumers’ e-waste recycling from 2026
British households will benefit from improved routes for recycling electronic goods from 2026, under government plans to have producers and retailers pay for household and in-store collections.
New York Times sues OpenAI and Microsoft for ‘scraping content’
The New York Times is suing Microsoft and OpenAI for billions of dollars over copyright infringement, alleging that the powerful technology companies used its information to train their artificial intelligence models and to “free-ride”.
Sunak set to end inheritance tax in spring ahead of election
The government is considering axing inheritance tax in three months’ time in a pre-election giveaway to boost Rishi Sunak’s chances of victory.
Post Office victims’ compensation pot cut by half
The Post Office has cut the size of the compensation pot it set aside to pay branch managers wrongly convicted of theft and false accounting by half.
Frasers Group snaps up luxury clothing website Matches Fashion for £52m
Frasers Group has snapped up luxury clothing website Matches Fashion for £52million.