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JP Morgan boss warns of ‘consequences’ if Burnham taxes banks
JP Morgan’s chief executive, Jamie Dimon, has warned Andy Burnham against raising taxes on banks, saying this could jeopardise the lender’s plans to build a £3bn headquarters in Canary Wharf and could push investment away from the UK. Dimon, who has long criticised the UK’s bank tax surcharge, made the comments in a podcast interview…
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Tears of Metal release countdown: Exact date and time
Indie co-op action game Tears of Metal, developed and published by Paper Cult, is set to launch worldwide on PC this week. The title lets players fight solo or team up with friends to reclaim an island as part of a Scottish battalion repelling invaders, and its imminent release will end the wait for those…
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PETER HITCHENS: Critics warn Andy Burnham will take us back to the 70s. But with low crime and plenty of jobs, many of us would welcome it
In this opinion column, Peter Hitchens responds to critics who warn that Andy Burnham, newly installed as Prime Minister, risks dragging Britain back to the economic and social conditions of the 1970s. Hitchens argues that such comparisons are not the damning indictment his critics intend, suggesting that many Britons might actually welcome aspects of that…
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UK employers cut job vacancies as Burnham aims to lift living standards
UK employers reduced the number of job vacancies in the three months to May, according to official figures, as the labour market showed further signs of strain amid global instability including conflict in the Middle East. Unemployment held steady at 4.9%, unchanged from April, underscoring the difficult economic backdrop facing new prime minister Andy Burnham…
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Burnham cuts VAT on household electricity bills; UK borrows less than expected in June – business live
New Manchester prime minister Andy Burnham has cut VAT on household electricity bills as one of his first measures to tackle the cost-of-living crisis, a move welcomed by the TUC but described by campaigners as helpful rather than a solution. The announcement came alongside fresh ONS figures showing UK unemployment held steady at 4.9% in…
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Man of his word: Pope Leo speeches declared human-authored by Australian AI detection tool
A collection of speeches and writings by Pope Leo XIV, titled Maps of Hope, has been certified as human-authored by the Australian firm Proudly Human, less than two months after the pontiff himself warned that artificial intelligence posed the greatest threat to humanity. The certification, carried out with the Australian Catholic University and Vatican cardinals,…
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Russian warship carries out live-firing war games off PLYMOUTH as British and French military track frigate through English Channel
A Russian warship conducted live-firing exercises in the English Channel off the coast of Plymouth, prompting British and French naval forces to track the vessel as it moved through UK waters. The exercise underscores continuing tensions between Russia and NATO countries, with such manoeuvres by Russian naval vessels near British shores now a recurring feature…
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Nine to axe 30 jobs at the Age and SMH due to ‘extreme’ AI disruption
Australia’s largest locally owned media company, Nine Entertainment, is cutting around 30 newsroom jobs at the Sydney Morning Herald and the Age, blaming what it called an “extreme state of disruption” caused by artificial intelligence. Publishing managing director Tory Maguire told staff on Tuesday the cuts, a mix of voluntary and targeted redundancies, were not…
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Gaza celebrates World Cup victory of Spanish team they took into their hearts
Spain’s Spanish football team’s World Cup victory has been celebrated across Gaza, where the tournament became entangled with regional politics due to Spain’s vocal criticism of Israel’s actions in Gaza and the West Bank, and Israeli support for finalists Argentina. Palestinians gathered in cafes and at outdoor screenings, many waving Spanish flags, despite the ongoing…