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Rising living costs may curb UK holiday demand despite travel recovery
The UK’s cost of living crisis threatens to curtail the travel industry’s recovery, with demand potentially peaking despite reaching pre-pandemic levels. The industry warned on Tuesday that holiday bookings may decline next year as almost one in three Britons plan to cut foreign travel spending. The annual Abta report found 88% of Britons took a…
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UK grocery inflation reaches 2.5% as shoppers turn to offers
UK grocery price inflation has risen to 2.5% year-on-year in the four weeks to 4 October, up from 2.3% the previous month. With cost of living concerns mounting ahead of the autumn budget, shoppers are increasingly relying on supermarket promotions and special offers to manage their household budgets, with promotional spending up by more than…
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Chip stocks slide after Broadcom boss likens AI investing to ‘casino’
Semiconductor shares fell sharply across Asia on Tuesday following comments by Broadcom’s chief executive comparing many AI investors to “casino” gamblers, coupled with claims from Chinese rival CXMT about progress on new memory chip technology. The sell-off reflected mounting concerns that companies have been investing heavily in AI infrastructure based on unrealistic expectations rather than…
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Sixth measles death; UK cuts heat pump subsidies for defence
Pennsylvania’s measles outbreak claims its sixth victim. The UK government axes heat pump subsidies to plug a defence budget shortfall.
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VMware launches HyperArmor to help customers manage monthly security patches
VMware has introduced HyperArmor, a security tool intended to help customers manage the rapid pace of software updates. The company moved to monthly patch releases after using artificial intelligence to identify numerous flaws in its infrastructure products, but users have struggled to keep pace with testing and deploying updates safely. HyperArmor aims to ease this…
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Epic shifts delayed Disney game towards AI-led development
Epic Games has reportedly delayed an unannounced Disney game and instructed its developers to use an “AI-first” approach, with AI tools generating code and art. The shift would give generative AI a central role in a major game project, as Epic says it wants to use AI to help teams build more and better products.…
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BBC Panorama Investigation Reveals Alleged Deloitte Role in Abramovich Asset Concealment Scheme
A BBC Panorama investigation has exposed evidence suggesting that Roman Abramovich’s associates worked with British accountancy firm Deloitte to obscure billions of pounds in wealth and evade taxation. The alleged scheme
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Netanyahu orders soldier prosecutions; Deloitte faces Abramovich scandal; Amazon expands robots
Netanyahu orders prosecutions of soldiers who spoke to Gaza war documentary makers, whilst Deloitte faces scandal over helping Abramovich conceal assets. Amazon dramatically expands its robotic workforce to more than one million units.
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Unvaccinated Franklin County woman is Pennsylvania’s sixth measles death
A 39-year-old unvaccinated woman in Franklin County has become the sixth person to die during Pennsylvania’s measles outbreak. Her death underscores the outbreak’s severity as it continues to spread across the state, while health officials review the case. The woman died on 10 October and had underlying health conditions. Her death was attributed to a…
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Epic postpones Disney game as team shifts to AI-led development
Epic Games has delayed its upcoming Disney video game to shift production to an “AI first” development approach. According to Bloomberg, a director’s internal message ordered the team to eliminate hand-written code and create all artwork through AI workflows; the change reportedly unsettled some developers as it represents a significant departure from traditional game development…