Money Moves

Why AI is being trained in rural India

Why AI is being trained in rural India

Virudhunagar, located in southeastern India, is known for its ancient temples but is also becoming a center for modern technology, specifically artificial intelligence (AI) development. One of the local workers, Mohan Kumar, is involved in AI annotation, where he collects data, labels it, and helps train AI models to recognize and predict objects. He notes […]

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Thousands of homes with botched eco insulation 'must be fixed'

Thousands of homes with botched eco insulation ‘must be fixed’

A National Audit Office (NAO) report has raised concerns about a government scheme designed to improve energy efficiency in homes through insulation, identifying significant issues with the implementation. The scheme reportedly resulted in 98% of homes with external wall insulation experiencing issues that may lead to damp and mold. In addition, approximately 29% of residences

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Carmakers chose to cheat to sell cars rather than comply with emissions law, ‘dieselgate’ trial told | Automotive industry

Carmakers chose to cheat to sell cars rather than comply with emissions law, ‘dieselgate’ trial told | Automotive industry

The UK is currently witnessing its largest group action trial in history concerning allegations against car manufacturers for installing software designed to cheat emissions tests. Over a decade after the initial “dieselgate” scandal emerged, legal representatives for 1.6 million diesel vehicle owners claim that manufacturers such as Mercedes, Ford, Renault, Nissan, and Peugeot/Citroën implemented “prohibited

Carmakers chose to cheat to sell cars rather than comply with emissions law, ‘dieselgate’ trial told | Automotive industry Read More »

China’s Temu more than doubles EU profits to nearly $120m despite having only eight staff | Retail industry

China’s Temu more than doubles EU profits to nearly $120m despite having only eight staff | Retail industry

The Chinese online marketplace Temu has reported significant growth in its European operations, with pre-tax profits increasing to nearly $120 million (£90 million) in the last year, a rise of 171% compared to the $44.1 million reported the previous year. This growth occurred while the company employed only eight people. Revenue also surged to $1.7

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Vodafone outage: thousands of broadband and mobile users report problems | Vodafone

Vodafone outage: thousands of broadband and mobile users report problems | Vodafone

Vodafone customers in the UK have reported significant service disruptions affecting internet and mobile phone services. Many users began experiencing issues around 3 PM on a recent Monday, with the outage monitoring site Downdetector noting over 135,000 reports within 20 minutes. A majority of the complaints—more than two-thirds—were related to broadband services. Additionally, nearly 25%

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Thousands of UK customers report broadband issues

Thousands of UK customers report broadband issues

Vodafone customers across the UK have reported widespread service interruptions affecting both broadband and mobile networks. On Monday afternoon, Downdetector, a platform that tracks service outages, recorded over 130,000 reports indicating issues with Vodafone services. The company has approximately 18 million customers in the UK, which includes around 700,000 home broadband users. In response to

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Why has US-China trade war restarted and how have markets reacted? | Trump tariffs

Why has US-China trade war restarted and how have markets reacted? | Trump tariffs

As the deadline for a potential trade agreement between the US and China approaches, recent developments suggest increasing tensions between the two nations. China has reinstated restrictions on the export of critical minerals, specifically rare earths, citing national security concerns. This prompted a response from US President Donald Trump, who announced a 100% tariff on

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Markets rebound amid latest US-China tariff spat as traders look to possible ‘Taco trade’ | Stock markets

Markets rebound amid latest US-China tariff spat as traders look to possible ‘Taco trade’ | Stock markets

Global stock markets have shown some gains, and cryptocurrencies have recovered slightly, with indications that the escalation of the US-China trade tensions may not be as serious as initially anticipated. Tensions increased recently when former President Donald Trump threatened to implement additional tariffs of 100% on goods imported from China, citing what he described as

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