Microsoft chief Satya Nadella calls for facial recognition regulation as Bing gets switched back on in China January 24, 2019 The boss of software giant Microsoft has said facial recognition technology needs to be regulated, as the company weathers another storm in China. Speaking at the World Economic Forum in Davos, Switzerland, chief executive Satya Nadella said that self-regulation when it comes to facial recognition may not be enough as the technology grows more popular. [...]
Nationalise plant if you want to save nuclear plans, Hitachi chairman tells government January 24, 2019 Hitachi’s nuclear plants in the UK will only go ahead if the government nationalises them, the chairman of the Japanese giant has said. The shock statements at the World Economic Forum in Davos came just a week after Hitachi abandoned the £16bn Wylfa nuclear plant in north Wales. Read more: Government faces headache as Hitachi pulls out [...]
Carlos Ghosn resigns from Renault amid financial misconduct scandal January 24, 2019 Embattled executive Carlos Ghosn has resigned from Renault ahead of his trial in Tokyo on financial misconduct charges, the French finance minister has said. “Carlos Ghosn just resigned last night,” Bruno Le Maire told Bloomberg at the World Economic Forum in Davos this morning. Read more: Ghosn to stay in jail after Tokyo court rejects bail [...]
Davos: Philip Hammond declares Britain ‘great place to do business’ after Brexit January 24, 2019 Chancellor Philip Hammond is to make a pitch for the UK’s post-Brexit business credentials in Davos today, as he announces £100m investment for British innovation. Hammond will tell business leaders gathered at the World Economic Forum: “Britain is a great place to do business. And we are determined, as we leave the EU, to make [...]
Sterling rises as traders buy into soft Brexit noises January 23, 2019 Traders banked on the likelihood of a ‘no deal’ Brexit diminishing as sterling leapt to a two month high against the dollar on Wednesday The pound peaked at 1.3079 against the US currency as noises from both Westminster and Davos suggested a softer Brexit was likely. In London, Labour leader Jeremy Corbyn held a meeting with [...]
Davos: Liam Fox agrees future trade deal with Israel as UK seeks to maintain existing EU agreements after Brexit January 23, 2019 The UK has agreed its first post-Brexit free trade deal in principle, Liam Fox said at Davos today. The international trade secretary said Britain and Israel have shaken hands on a future deal ahead of the UK’s planned departure from the bloc. Read more: Fox warns Brexit delay would be worse than no deal “As [...]