Donald Trump has threatened to cut off all imports of cooking oil from China, in another escalation of the war of words over trade between the world’s two largest economies. …
Investing
Scotch Whisky Association calls for spirits duty freeze as industry headwinds grow
The Scotch Whisky Association (SWA) has urged the UK Government to impose a multi-year freeze on spirits duty, warning that continued inaction threatens jobs, investment and Treasury revenues. In a …
Royal Mail slapped with £21m Ofcom fine for late deliveries
Royal Mail has once again been hit with a huge fine for failing to meet its delivery targets. Regulator Ofcom has handed Britain’s postal service a £21m fine after only …
Graham Norton’s pay cut revealed as chat show cancelled
Graham Norton’s bumper pay packet has been cut after his production company’s revenue and profit fell in 2024, it has been revealed. The TV presented took home £2.4m last year, …
Reeves revives plan to cut cash ISA despite backlash
Chancellor Rachel Reeves is looking to use the looming Autumn Budget to kickstart plans for a major overhaul of tax-free ISAs, in a bid to get people’s cash savings into …
The Punter Podcast Episode 52: British Champions Day
Tom Marriott and Bill Esdaile preview British Champions Day at Ascot, while Wally Pyrah is back to look through not only Wednesday’s card at Happy Valley in Hong Kong but …
ICO fines Capita £14m after millions affected by data breach
Capita has been fined £14m by the Information Commissioner’s Office (ICO) after millions were affected by its data breach. The fine follows a cyber attack in 2023 in which the …
‘The AI bubble won’t pop’, says Bain & Company tech expert
Despite mounting speculation of a possible ‘AI bubble‘, a senior Silicon Valley investor has told City AM that some concerns may be overblown. Anne Hoecker, Silicon Valley partner at Bain …
Salesforce cosies up to OpenAI and Anthropic amid sluggish sales
Software giant Salesforce is doubling down on its partnerships with AI heavyweights OpenAI and Anthropic to bolster its flagship AI platform, ‘agentforce 360’, as uptake remains modest. At this week’s …
FTSE 100 Live: AI bubble chatter intensifies
Good morning from the City AM liveblog team. 15 months on from Labour’s stunning general election victory and a month out from its next budget, how is the City feeling …