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Business
2 August 2024
UK shelves £1.3bn of funding for technology and AI projects
Britain’s first next-generation supercomputer, planned by Tories, in doubt after Labour government move
PwC chief’s $1.2m bonus kept ‘secret for more than a year’, inquiry told
Kevin Burrowes received additional salary from the firm’s international arm but did not initially reveal it to parliamentary inquiry into company
Morrisons trials raising temperature of its freezers to save energy and money
Ten stores will raise freezer temperatures by 3C to -15C amid pressure for move away from long-held industry standard
1 August 2024
Apple beats earnings forecast despite decline in iPhone sales
Intel announces plan to cut 15,000 jobs to ‘resize and refocus’ business
US investors trigger major Wall Street sell-off over recession fears
Bank of England cuts interest rates to 5% in first reduction since March 2020
Bank of England dismisses Tory claims public sector pay rises will stoke inflation
Billionaire former Glencore oil trader charged with corruption in West Africa
Rolls-Royce boss says UK must move fast to be world leader in small reactors
Nils Pratley on finance
How Rolls-Royce’s winning run could go on and on
Nils Pratley
Business live
Public sector pay rises unlikely to drive up inflation, says Bank of England after interest rate cut – as it happened
Don Lemon sues Elon Musk and X over terminated talkshow deal
Relief for borrowers as UK interest rates cut but little sign big reductions to come
A woman brought her own snacks to Despicable Me 4. Then the police arrived
Stuart Heritage
London Stock Exchange denies lowering standards to win Shein IPO
Shell’s half-year profits climb to £10.9bn after focusing on fossil fuels
UK calls in Czech billionaire’s Royal Mail bid for national security review
CrowdStrike accused of defrauding investors in class action lawsuit
How will Bank of England interest rate cut affect my finances?
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