Inflation in UK shops falls amid price cuts on furniture and TVs | Retail industry
Store price inflation eased to its lowest level since November 2021 as retailers slashed prices on big-ticket items such as furniture and televisions as rising living costs and bad weather forced households to severely curb spending. According to the latest research from the British Retail Consortium (BRC) and market research firm NielsenIQ, inflation rose 0.6% […]
China Pumps Tens Of Billions Into Key Industry Amid Tech War With US
China’s Communist Party has launched a $47.5 billion state investment fund to strategically bolster its semiconductor industry in preparation for competition with the United States, Reuters reported on Monday. The investment of 344 billion yuan is the largest among the three funds established, with the first fund established in 2014 and providing 138.7 billion yuan […]
A Dem-Linked Dark Money Network Is Quietly Funding The ‘Misinformation’ Research Industry
Several funds managed by Arabella Advisors, a Democrat-linked consultant firm, are quietly bankrolling research by universities and non-profits into how online “misinformation” and “disinformation” spreads, according to a Daily Caller News Foundation review of the networks’ grants. Arabella Advisors, run by former Bill Clinton official Eric Kessler, manages certain administrative, legal and philanthropic functions of […]
Donald Trump declares US must not settle for 'second place' in crypto industry – Cointelegraph
Former US President Donald Trump said the US should not be satisfied with anything less than a top position in the cryptocurrency industry. “We must be a leader in this, not second,” President Trump declared in a May 25 speech. post On Truth Social, a social media platform owned by Trump Media and Technology Group […]
Senate Democrats probe Trump’s campaign cash request to oil industry
Senate Democrats have said they will investigate former President Trump’s solicitation of $1 billion in campaign contributions from the oil industry. On Thursday, Sens. Ron Wyden (D-Ore.) and Sheldon Whitehouse (D-Ind.), the chairs of the Finance and Budget committees, announced they would investigate a request made by President Trump at a campaign event at Mar-a-Lago […]
Luxury Electric Vehicle Maker Becomes Latest In Industry To Announce Huge Layoffs
Electric vehicle (EV) maker Lucid Motors has announced job cuts as it seeks to cut costs in the wake of a slowing market. The layoffs affect 6% of the company’s workforce, or about 400 people. trim From all employee levels, including leadership and middle management, according to Lucid is one of several electric vehicle makers […]
White House pressures tech industry on sexually abusive AI deepfakes
The White House is pressuring the tech industry over sexually explicit artificial intelligence (AI) images. President Biden’s White House on Thursday called on tech companies to step up their efforts on the issue of sexually explicit AI deepfakes, as officials want the private sector to check the creation, distribution and monetization of sexually explicit and […]
Justice Department sues Live Nation, Ticketmaster for allegedly monopolizing live entertainment industry
The Justice Department on Thursday sued Ticketmaster and its parent company, Live Nation, accusing the ticket sellers of stifling competition in the live entertainment industry. The Justice Department, which filed the antitrust lawsuit with 30 state and local attorneys general, said Ticketmaster and Live Nation’s anticompetitive practices deprived American music fans of innovation in ticket […]
Almost a third of household smart meters not working properly, says Citizens Advice | Energy industry
Research by Citizens Advice suggests that the number of gas and electricity smart meters that are not working properly may be higher than government statistics, perhaps 20% to 30% of the total. The charity said millions of households were missing out on the promised benefits of smart meters due to “technology issues” and poor customer […]
Biden admin skewered by GOP for rule designed to ‘intentionally harm’ gun industry
Fox’s first appearance: Senate Republicans are grilling President Biden’s Commerce Secretary Gina Raimondo over moves aimed at “intentionally harming” the U.S. firearms industry. Sen. Tim Scott, R.S.C., ranking member of the Senate Banking, Housing, and Urban Affairs Committee, led 22 other Senate Republicans in calling on the Biden administration to repeal “this deeply erroneous rule […]