Money Moves

Global tech shares fall over AI bubble fears

Global tech shares fall over AI bubble fears

Shares of major technology companies have declined due to concerns regarding valuations associated with the artificial intelligence (AI) sector. This year, investors have expressed apprehension about a potential “AI bubble,” coinciding with record-high valuations in technology stocks. On Wednesday, major Asian indexes experienced significant declines, particularly in Japan, where the stock market dropped by more […]

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Britain sliding 'into economic crisis' over £85bn sickness bill, ex-John Lewis boss warns

Britain sliding ‘into economic crisis’ over £85bn sickness bill, ex-John Lewis boss warns

A recent report led by former John Lewis CEO Sir Charlie Mayfield highlights the growing issue of economic inactivity in the UK, primarily due to health-related reasons. It states that there are currently 800,000 more individuals sidelined from work for health reasons compared to 2019, resulting in an annual cost of £85 billion to employers.

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Crime network behind UK mini-marts is enabling migrants to work illegally

Crime network behind UK mini-marts is enabling migrants to work illegally

A recent investigation by the BBC revealed that a Kurdish crime network is allegedly facilitating illegal work for migrants in mini-marts across the UK. These enterprises reportedly employ individuals without proper legal documentation, enabling them to manage shops and sell illicit items such as vapes and cigarettes. Undercover reporters, posing as Kurdish asylum seekers, discovered

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France investigates Shein and Temu after sex doll scandal

France investigates Shein and Temu after sex doll scandal

Online retailers Shein, Temu, AliExpress, and Wish are under investigation in France for potentially allowing minors to access pornographic content on their platforms, according to the Paris prosecutor’s office. The investigation follows a report from France’s consumer watchdog, which raised concerns about the sale of childlike sex dolls on Shein’s website. The prosecutor’s office indicated

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Tesla says Musk should be paid $1tn

Tesla says Musk should be paid $1tn

Tesla is preparing for its annual general meeting (AGM) in Austin, Texas, where the discussion will center on Elon Musk’s proposed compensation package, which could value him at $1 trillion. Tesla has actively promoted this package through digital ads and a specific video on Votetesla.com featuring board chair Robyn Denholm and director Kathleen Wilson-Thompson advocating

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Reddit added to Australia's teen social media ban due to start next month

Reddit added to Australia’s teen social media ban due to start next month

Reddit has been included in Australia’s new social media ban aimed at children under 16, set to take effect on December 10. This initiative marks a world-first approach to restricting children’s access to certain online platforms. Alongside Reddit, the ban will include live-streaming platform Kick, totaling nine targeted sites. These also encompass Facebook, X (formerly

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AI 'godmother' Fei-Fei Li says she is 'proud to be different'

AI ‘godmother’ Fei-Fei Li says she is ‘proud to be different’

Professor Fei-Fei Li, recognized as the “godmother” of artificial intelligence (AI), expressed pride in her distinction as the only woman among seven AI pioneers receiving the Queen Elizabeth Prize for Engineering. The King will present the award during a ceremony at St James’s Palace today. The other honorees include Professors Yoshua Bengio, John Hopfield, and

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Nearly all drivers say vehicles' lights are too bright in study

Nearly all drivers say vehicles’ lights are too bright in study

A study commissioned by the UK’s Department for Transport (DfT) indicates that a significant majority of drivers believe headlights from oncoming vehicles are excessively bright and distracting. The study found that 97% of respondents regularly or sometimes experienced distractions from oncoming vehicles, while 96% felt that many headlights were unreasonably bright. In response to these

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LED mask ads banned over unauthorised acne and rosacea claims

LED mask ads banned over unauthorised acne and rosacea claims

A series of advertisements for LED face masks have been prohibited due to unauthorized claims regarding their efficacy in treating acne and rosacea. The rise of at-home beauty devices has gained traction in recent years, particularly through social media influencers promoting these products. However, dermatologists have expressed differing opinions on whether the light-emitting diodes (LEDs)

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