Nokia to axe up to 14,000 jobs to cut costs
The Finnish telecoms giant reported a fall in sales due to slowing demand for 5G equipment.
TransPennine Express announces service cuts to boost punctuality
The train firm’s boss says the temporary reduction will help “fix the business in the long term”.
BYD: The top electric car maker that is not Tesla
China’s BYD is now ahead of Tesla in quarterly production and second in global sales.
Amazon pledges parcels in an hour using drone deliveries
Deliveries will be in one area to begin with from late 2024 and only for items weighing up to 5lbs.
US mortgage rates have hit a two decade high of 8%
Americans hoping to buy a home or apartment are facing steep borrowing costs, data shows.
Nvidia and iPhone maker Foxconn to build ‘AI factories’
This comes as the US announced plans to cut off more exports of advanced chips to China, in a blow to Nvidia.
Is AI about to transform the legal profession?
Law firms are increasingly using artificial intelligence systems, but it comes with risks.
Britishvolt aims to supply batteries to Australian military
Owner Recharge hopes to close a deal on the Northumberland site to make batteries for export.
Nestle baby milk factory to close as China demand drops
The closure of the plant in Askeaton, County Limerick, will mean more than 500 job losses.
Microsoft’s new AI assistant can go to meetings for you
The ChatGPT-style tech can take notes, write emails, and take care of other “drudgery”.