1 Britain can leverage its Brexit freedoms to be a leader in artificial intelligence, a
co-founder of Facebook has said as 100 technology leaders prepare for an AI summit in the UK. Dustin Moskovitz, now chief executive and majority owner of Asana, a software firm, said he was “concerned about regulatory friction” in Europe.
2 A dedicated band of young travellers have been flying on Ryanair several times a day ... in the metaverse. Teenagers have built a simulation of the full experience — including cramped seats, extra charges and arguments at the check-in desk — on the gaming platform Roblox, which has now carried out its millionth journey.
3 Private landlords are threatening to push up rents or quit the renting business if they lose the right to ban tenants from owning pets. The Renters’ Reform Bill, which will have its second reading in the Commons this week, will force landlords to have a “good reason” not to let tenants keep a pet.
4 A parliamentary group that promotes sustainable and ethical business practices is funded by companies that have paid out billions in fines and compensation for fraud, tax and environmental failings.
5 Small and medium-sized businesses are losing out on £7.5 billion each year because banks are failing to pass on higher interest rates to companies with savings, a study has found.
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6 Every practising solicitor in England and Wales could pay up to £500 to cover the costs to clients of the demise of a scandal-hit City law firm. Axiom Ince was closed down last month amid allegations of a £64 million fraud. Solicitors will have to top-up the profession’s compensation fund and cover the costs of the intervention by the Solicitors Regulation Authority.
7 BP is on the hunt for disruptive green technology start-ups in which to invest as its venture capital business steps up its exposure to the energy transition.
8 The rising costs of raw materials and disrupted supply chains could derail the winter “golden quarter” for medium-sized businesses. Twenty-nine per cent of 500 leaders of mid-sized businesses told a survey they were worried that supply chain breakdowns could result in their revenues falling short of targets this year.
9 Christy, a company that supplies official towels for players at the Wimbledon tennis championships, wants to shake off the perception that it is a legacy brand and will target “younger, cooler” shoppers.
10 China has launched an investigation into the tax affairs of Foxconn, the Apple iPhone maker. The inquiry into sites in Henan and Hubei was revealed after Foxconn’s founder said he would run in regional elections in Taiwan.