Chinese AI startup DeepSeek has quickly risen to the top of Apple’s App Store in the US, UK, and China, surpassing ChatGPT and other competitors. Its success challenges the US dominance in the AI industry and raises concerns among global tech giants.
The United States and Colombia narrowly avoided a trade war after Colombia agreed to accept deportation flights from the U.S., following a tense standoff over the treatment of deported migrants and the use of military aircraft.
Sir Tim Martin, founder of JD Wetherspoon, tops the South West's biggest taxpayers list with a £170 million tax bill, leading other notable figures in the region.
WH Smith, the historic British retailer, is exploring the sale of its high street business, which includes over 500 UK stores, as it shifts focus towards its more profitable global travel retail operations. This move reflects the challenges faced by traditional retail in a digital age.
NatWest is set to close 53 branches across the UK by mid-2025, citing a significant shift towards digital banking and a decline in in-person transactions. The closures have raised concerns about financial exclusion, especially for older and vulnerable customers.
Diageo is reportedly considering the sale or spin-off of its Guinness brand, valued at over £8 billion, as part of a portfolio review under CEO Debra Crew. The company is also evaluating its stake in LVMH’s Moët Hennessy division. Guinness has seen strong sales growth, especially among younger consumers, despite Diageo's broader struggles.
NatWest is set to close 53 branches across the UK in 2025, reflecting a shift towards digital banking. The closures will affect various locations, with the bank investing in digital solutions and shared banking hubs to support customers.
NatWest is set to close 53 branches across the UK between April and June 2025, continuing its adaptation to the increasing preference for digital banking. This move is part of a broader trend in the banking sector, with over 6,000 branches closed since 2015. The bank is investing in digital infrastructure and exploring alternative solutions to ensure customer access to essential services.
The UK Ministry of Defence has entered into a historic £9 billion agreement with Rolls-Royce to design, manufacture, and support nuclear reactors for the UK’s submarine fleet, enhancing national security and creating thousands of jobs.
Morrisons is set to cut over 200 jobs as part of a cost-saving initiative, affecting roles in customer experience, employee engagement, recruitment, and payroll. This move reflects the broader economic challenges faced by UK supermarkets.