Jeff Bezos is returning to a chief executive role for the first time since leaving Amazon in 2021, launching a new artificial intelligence venture called Project Prometheus — a start-up already reported to have secured $6.2 billion in early-stage funding. According to The New York Times, the new company will be co-led by Bezos and Vik Bajaj, a former senior figure at Google X who worked closely with co-founder Sergey Brin and helped launch the...
UK inflation has eased to 3.6% in the year to October — its lowest level in four months — helped by slower increases in household energy costs and falling hotel prices. However, food inflation picked up again after a brief dip, underlining the ongoing pressure on household finances just a week before the government delivers its highly anticipated Budget. The latest figures from the Office for National Statistics (ONS) show inflation slipping from 3.8% in...
Hewlett Packard has submitted a final claim of almost $1.8 billion (£1.4 billion) against the estate of Mike Lynch, intensifying one of the longest and most expensive corporate fraud battles in UK legal history. The latest claim is substantially lower than the $5 billion HP originally sought over its ill-fated 2011 acquisition of Autonomy, but still far exceeds the late entrepreneur’s estimated £500 million estate. Lynch, once hailed as Britain’s answer to Bill Gates, died...
Jet2 chief executive Steve Heapy has urged Chancellor Rachel Reeves to stop using the airline and holiday industry as a “cash cow”, warning that any further increase in aviation taxes will hit lower earners hardest and risk pricing families out of foreign travel. Heapy — who runs Britain’s largest package holiday provider and the UK’s third-biggest airline by passenger numbers — said that higher taxes would “inevitably” be passed on to passengers, pushing up fares...
President Donald Trump on Tuesday announced that the U.S. will designate Saudi Arabia a major non-NATO ally, unveiling a defense and economic partnership with Crown Prince Mohammed bin Salman during a White House dinner marking 80 years of U.S.–Saudi relations. Trump welcomed guests at the official dinner and thanked bin Salman for his visit and investment in the U.S. The crown prince gave brief remarks, thanking Trump and expressing his gratitude while saying he was...
A House Freedom Caucus-led bid to strip a member of the House Democratic Caucus of her role on a high-profile committee after her ties to Jeffrey Epstein were revealed earlier this month failed on Tuesday night. Lawmakers voted against censuring Del. Stacey Plaskett, D-V.I., the Virgin Islands’ nonvoting delegate in the House of Representatives, over newly surfaced text messages between her and Epstein that were exchanged during the February 2019 congressional testimony of Michael Cohen....
President Donald Trump has demanded an end to excessive state-level regulation of artificial intelligence (AI) and warned that state rules will end up threatening the U.S. economy. In a post shared to Truth Social on Tuesday, Trump also slammed ‘Woke AI’ and referred to a ‘patchwork’ of state regulations in the AI space. ‘Investment in AI is helping to make the U.S. Economy the ‘HOTTEST’ in the World,’ Trump wrote. ‘But overregulation by the States...
Rapper Nicki Minaj brought her star power to the United Nations to draw global attention to the persecution of Christians in Nigeria. Minaj, who was born in Trinidad and Tobago, teamed up with President Donald Trump’s U.S. Ambassador to the United Nations Mike Waltz to speak at an event hosted by the United States Mission to the United Nations that spotlighted religious violence and the killings of Christians in the most populous African nation. The...
No Senate Republicans blocked an attempt to force a vote on a resolution that would compel the release of documents and files related to Jeffrey Epstein. Senate Minority Leader Chuck Schumer, D-N.Y., made good on his vow to force a vote on the resolution just hours after it passed through the House behind a near unanimous wave of support. Schumer argued on the floor that the Senate ‘should pass this bill as soon as possible,...
President Donald Trump made a point to shake the hand of Saudi Crown Prince Mohammed bin Salman at the White House Tuesday in a warm welcome — in contrast to former President Joe Biden, who came under scrutiny for fist-bumping the Saudi prince in 2022. Biden’s fist bump occurred during a trip to Saudi Arabia in July 2022, and attracted criticism due to U.S. intelligence reports that indicated that bin Salman signed off on the...
