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It’s a nice sentiment, but all AI users should ask three questions about their preferred choice of AI platformOn Monday, Mark Zuckerberg published a 6,500-word essay, The Future Is for Everyone. The essay came with something even rarer: a new Meta open-weight model. An open-weight AI model is the kind of AI with which you download the entire thing, and it works on your own computer (with or without the internet) and nobody can switch it off except for you. Almost every mainstream AI to

GDP expanded by 0.4% in three months to June, down from 0.6% in the first quarter, says ONSEconomic growth slowed in the second quarter of the year, as the disruption unleashed by the Iran war began to take its toll, official figures show.The Office for National Statistics (ONS) said GDP expanded by 0.4% in the three months to June, down from 0.6% in the first quarter, in line with City economists’ expectations. Continue reading...

Many of those affected in England and Wales think offences are not treated with the seriousness they deserve, says commissionerBereaved families or seriously injured victims of road crime feel “forgotten by the system” with offences not treated with the seriousness they deserve, an official review has found.The victims’ commissioner for England and Wales found that many of the thousands afflicted each year by criminal driving felt that “the harm they had suffered mattered less” than th

Verdant thinktank says cost could top £25bn a year by 2030 and calls for maximum temperature for working and urban redesign to cool down citiesRepeated debilitating heatwaves this summer are likely to have cost the UK economy more than £4bn in lost economic output by the end of July, new analysis shows.Green thinktank Verdant had suggested June’s unseasonally hot weather had an economic cost of £2.36bn. Updating its assessment to include last month’s high temperatures, it finds a £4.4b

West London airport reports 7.86 million passengers in July, compared with 8.15 million for IstanbulBusiness live – latest updatesHeathrow airport has argued “the case for expansion has never been clearer” after it lost its position as Europe’s busiest airport to Istanbul.Figures published on Tuesday showed 7.86 million passengers passed through Heathrow’s four terminals in July,whereas its Turkish counterpart recorded 8.15 million passengers over the same period. Continue reading...

Barclays says survey shows people feel more secure in jobs and have more leeway to spend on non-essentialsBusiness live – latest updatesConsumer confidence hit its highest level in almost two years in July, according to research that indicated the closing stages of the men’s football World Cup and more people holidaying in the UK lifted summer spending.A truce in the Middle East conflict in June and the arrival of a new prime minister in No 10 also gave a lift to consumers after a long

Justice department says it decided to abandon fraud and bribery case in which Adani Group has denied wrongdoingA US judge on ⁠Monday dismissed criminal charges against the Indian ⁠billionaire Gautam Adani, after ​the justice department said it had decided to abandon the fraud and bribery case.The Brooklyn-based district judge Nicholas Garaufis’s decision to grant federal prosecutors’ rare attempt to ⁠toss the case came after he inquired into their reasons for doing so, including by ask

UN index says weather is affecting wheat yields while conflicts in Ukraine and Iran hit exports and drive up pricesBusiness live – latest updatesGlobal food prices have hit their highest level in three and a half years, as summer heatwaves and conflict in Ukraine and the Middle East push up crop costs.The UN Food and Agriculture Organization (FAO) index of food commodity prices rose last month to its highest level since January 2023, after a jump in prices for cereals, sugar and vegeta

Property prices in ‘suspended animation’ owing to higher mortgage rates and uncertainty in Middle EastBusiness live – latest updatesUK house prices were broadly stagnant in July as prospective buyers were squeezed by higher mortgage rates, uncertainty around the Middle East and stretched affordability, according to the lender Lloyds.The average property cost £299,253 in July, down by £143 compared with June, the bank’s monthly index found. Continue reading...

Culture secretary Lisa Nandy says she will not intervene in £85bn deal after securing guarantees on Channel 5The UK culture secretary, Lisa Nandy, has said she will not intervene in Paramount’s proposed acquisition of Warner Bros Discovery, removing one of the remaining obstacles

Airline says it has accepted offer from Apollo Global Management after rival bidder Castlelake walks awayEasyJet has formally agreed to a £5.7bn takeover from US private equity firm Apollo Global Management.The airline announced it had accepted a firm offer on Thursday after a ri

GMB says that as a top-rated ethical company, UK’s largest energy firm should welcome involvement of unionsWorkers are pushing for union recognition at the UK’s largest energy company, Octopus Energy, known as a progressive organisation with a focus on renewable energy.The GMB un