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Amazon launches Temu and Shein rival with ‘crazy low’ prices

Amazon Launches ‘Haul’ to Compete with Budget Retail Giants Temu and Shein Amazon has unveiled a new shopping outlet called Haul, offering products priced at $20 (£15.79) or less, in a bid to rival low-cost retailers Temu and Shein. The service, available exclusively through Amazon’s Shopping app in the U.S., promises “crazy low prices” with […]

Business

Trump tariffs could cost UK £22bn of exports

The UK could face a £22bn hit to its exports if Donald Trump imposes a blanket 20% tariff on all imports into the US, according to a new analysis. A new analysis from the University of Sussex’s Centre for Inclusive Trade Policy (CITP) warns that the UK could face a £22bn blow to its exports

Business, Economy

Man denies being mysterious inventor of Bitcoin

A new documentary claims to have solved the greatest mystery in cryptocurrency: the true identity of the inventor of Bitcoin. A new documentary claims to have solved the greatest mystery in cryptocurrency: the true identity of the inventor of Bitcoin. The question has captivated the internet since the digital currency was launched by an unknown

Business, Economy, News

Boeing to axe a tenth of its workers as strike continues

Boeing will axe its workforce by a tenth – cutting 17,000 jobs – and delay production as the aeroplane maker deals with issues across its business. Boeing will axe its workforce by a tenth – cutting 17,000 jobs – and delay production as the aeroplane maker deals with issues across its business.Chief executive Kelly Ortberg

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Bill Gates commissions superyacht powered by liquid hydrogen

The yacht, Aqua was designed by Sinot Yacht Architecture & Design and Lateral Naval Architects Microsoft cofounder Bill Gates has commissioned a $645 million superyacht which will be powered by liquid hydrogen. Gates’ superyacht, dubbed Aqua, is the first of its kind. It will be powered by liquid hydrogen, and was first revealed in December

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California governor blocks landmark AI safety bill

Gavin Newsom said the bill could stifle innovation and prompt AI firms to move out of California The governor of California, Gavin Newsom, has blocked a landmark artificial intelligence (AI) safety bill, which had faced strong opposition from major technology companies. The proposed legislation would have imposed some of the first regulations on AI in

Business

Toiling on a Kenyan flower farm to send fresh roses to Europe

On a moonless night in the Kenyan lakeside town of Naivasha, Anne sits inside a makeshift, two-room house, exhausted after a gruelling shift picking and sorting roses. On a moonless night in the Kenyan lakeside town of Naivasha, Anne sits inside a makeshift, two-room house, exhausted after a gruelling shift picking and sorting roses. Anne

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How will the Irish government spend Apple’s €14bn?

The EU’s highest court ruled that Apple had benefited from an illegal sweetheart tax deal in Ireland Ireland’s government has been told it needs to collect €14bn (£11.8bn) in back taxes from Apple.The EU’s highest court ruled that the US technology firm had benefited from an illegal sweetheart tax deal in the country.But how will

Business, Economy, Innovation

Chinese giant Chery could build cars in UK

Chery has set up brands, including the Omoda, focused entirely on international markets Chinese car giant Chery is weighing up the possibility of building cars in the UK, according to a senior executive.Its UK head Victor Zhang told the BBC it was a “matter of time” before the company made a final decision.He said Chery,

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Sanctioned oligarchs take stake in largest UK oil firm

Two sanctioned Russian oligarchs have become part-owners of the UK’s largest oil producer after it completed a deal to buy a German firm. Two sanctioned Russian oligarchs have become part-owners of the UK’s largest oil producer after it completed a deal to buy a German firm.LetterOne, the investment company part-owned by oligarchs Mikhail Fridman and

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