Claire’s and The Original Factory Shop Enter Administration; 2,500 Jobs at Risk
Two well known high street retailers, Claire’s and The Original Factory Shop, have entered administration in the UK and Ireland, putting around 2,500 jobs at risk. Claire’s, a popular brand…
Ofcom Investigates Grok AI Over Sexualised Image Generation
Ofcom has contacted Elon Musk’s company XAI after reports that its AI tool, Grok, can create sexualised images of children and digitally undress women. The regulator is also looking into…
India Eyes Domestic Passenger Jets with SJ-100 Russia Deal
India’s aviation market is booming. Airlines like IndiGo and Air India, which together control over 90% of domestic flights, have ordered nearly 1,500 new planes for the next decade. Passenger…
US Oil and Defence Stocks Jump After Venezuela’s Maduro Capture
Shares in US energy and defence companies rose sharply after Venezuelan President Nicolás Maduro was captured. Investors are betting that the US could gain access to Venezuela’s huge oil reserves,…
UK Crypto Users Now Must Share Account Details with HMRC
Starting 1 January, anyone buying or selling cryptocurrency in the UK must share their account details with HMRC. If they don’t, they could face penalties. This is part of a…
China Taxes Condoms, Cuts Childcare Costs to Encourage More Babies
s introduced a 13% sales tax on contraceptives, including condoms and birth control pills, starting January 1. At the same time, childcare services will be tax-free as part of efforts…
Defence Sector Struggles to Attract Skilled Workers as Demand Grows
Why the UK Defence Industry Is Facing a Talent Shortage Earlier this year, the Ministry of Defence announced a £1bn investment in AI-powered battlefield systems and created a new Cyber…
US Cuts Proposed Tariffs on Italian Pasta Imports
Italian Pasta Avoids Heavy US Import Taxes Italian pasta exports to the United States have received major relief after the US government reduced steep tariffs it had planned to impose…
BYD Surpasses Tesla to Become the World’s Top Electric Vehicle Seller
China’s electric vehicle maker BYD has officially overtaken Tesla to become the world’s largest seller of electric cars. This marks the first time the American company has lost its global…
Disney Fined $10M for Alleged Violations of Children’s Privacy Laws on YouTube
LOS ANGELES — The Walt Disney Company has reached an agreement to pay $10 million over claims it violated federal laws related to child privacy.It comes after a large investigation…
