Elon Musk’s X suffers sales and profit slump before Grok fallout
Turnover and profit at the UK arm of X fell sharply in its second year after being taken over by Elon Musk, it has been revealed. The division’s turnover was…
Turnover and profit at the UK arm of X fell sharply in its second year after being taken over by Elon Musk, it has been revealed. The division’s turnover was…
European enterprises are accelerating their adoption of sovereign cloud solutions to address stricter regulations, geopolitical risk and growing demands for data sovereignty and transparency, according to a new research report…
Allianz SE and Anthropic today announced a global partnership to accelerate the adoption of responsible Artificial Intelligence (AI) at Allianz. The collaboration centers on three transformative projects within Allianz Group…
Keir Starmer’s plan to foster closer economic ties with the European Union is likely to exclude financial services after senior City figures pushed back against the reintroduction of EU regulations.…
The global mining landscape is bracing for a seismic shift after Rio Tinto and Glencore confirmed they are in talks regarding a potential merger. A tie-up between the two FTSE…
Good morning and welcome back to the City AM liveblog. It was Britain’s retail sector taking centre stage yesterday amid a fresh influx of corporate updates that gave a snapshot…
Britain is now a £1 trillion tax state with the biggest differential between high and low earners in the OECD. Our top 10 per cent face rates comparable to Denmark…
Fiscal rules are “largely ineffective” and fail to impose discipline on public expenditure, a new report has said, bringing into question claims made by UK Chancellors and the International Monetary…
To protect the vital arts sector, London’s creatives must learn the corporate walk and talk, writes Austin Casey A lack of arts funding and the knock-on effects of this on…
The Lotus Emira always felt like a good car with a great one trapped inside, trying to crowbar its way out. Can this new Turbo SE liberate the Emira’s untapped…