The United Kingdom is moving towards launching a Central Bank Digital Currency (CBDC) pilot, anticipated for 2025. This initiative aims to modernize the financial ecosystem, but it has raised significant alarm among privacy advocates and economic experts. The primary concern revolves around the potential for government overreach and the implications for personal privacy in an […]
In a bold move to enhance Japan’s position in the global technology landscape, two prominent Japanese firms, Rapidus and Denso, are collaborating to standardize advanced chip design methods. This initiative is particularly critical as it targets sectors that are rapidly evolving, such as artificial intelligence (AI) and self-driving vehicles, where chip technology plays a pivotal […]
In a decisive move to harness the power of artificial intelligence (AI) while simultaneously addressing its inherent risks, the UK government unveiled a new programme aimed at bolstering public confidence in AI technologies. Launched in collaboration with the Engineering and Physical Sciences Research Council (EPSRC) and Innovate UK, part of UK Research and Innovation (UKRI), […]
In a significant shift, several British police forces are reducing their presence on the social media platform X, formerly known as Twitter, due to rising concerns over the dissemination of extremist content and misinformation. This comes on the heels of riots that erupted in the UK this past summer, largely fueled by false claims circulating […]
In a significant turn of events for the cryptocurrency market, approximately $1.3 billion worth of Ethereum (ETH) that was seized as part of the PlusToken Ponzi scheme is expected to soon hit exchanges. This move follows the dismantling of the PlusToken scheme in China back in 2019, which saw thousands of investors lose their money. […]
The shift towards safer and more sustainable practices in various industries has become increasingly crucial, particularly in the textile and packaging sectors. On Thursday, 17 October from 10:15 to 13:15 CET, stakeholders, industry experts, and researchers will gather for the event titled ‘Challenges and PFAS-Free Solutions for the Textile and Packaging Industry.’ This event aims […]
Coty Inc., the parent company of the renowned CoverGirl brand, recently announced a lower-than-expected first-quarter sales growth forecast, attributing the decline to tightening retail inventory management and weakened consumer spending. This revelation has triggered a notable dip in the company’s shares, falling by 6% in after-market trading, illustrating the ripple effect that corporate forecasts can […]
The landscape of digital infrastructure in the United Kingdom is undergoing a seismic shift, as demonstrated during today’s International Investment Summit. Major US firms including CyrusOne, ServiceNow, Cloud HQ, and CoreWeave have committed substantial investments to establish new data centres across the UK. This monumental decision marks a significant escalation of total investments in UK […]
In a groundbreaking move signaling a new era of corporate energy sourcing, Google has officially entered into a partnership with Kairos Power to employ small modular nuclear reactors (SMRs) as a solution to meet its increasing energy demands driven by artificial intelligence operations. This deal marks the first of its kind for a major corporation […]
For centuries, Africa has served as an inspiration for the world’s most renowned beauty brands, from Byredo’s Bal d’Afrique to Diptyque’s use of Madagascan vanilla. Despite this historical significance in the perfumery landscape, homegrown African fragrance brands are now making assertive strides to carve out their space within this cultural tapestry. Brands like Senegal’s Réserve […]
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