Lloyds Bank to cut £2bn in costs as part of AI-powered strategy
Lloyds Banking Group will cut £2bn in costs over four years while investing £13bn in AI and technology to drive growth, Chief Executive Charlie Nunn announced.
HMRC fines Airbus £6.4m for breaching rules on export of sensitive technology
Airbus has been fined £6.4m by UK authorities for failing to maintain proper records of controlled technology exports before November 2022, marking the highest export control settlement HMRC has reached.
US economic growth sees surprise slowdown in second quarter
US economic growth slowed to 1.5% annually in the second quarter, down from 2.1% in the first quarter, despite robust consumer spending growth of 3.2%.
Hundreds of jobs to go at Jaguar Land Rover
Jaguar Land Rover plans to eliminate fewer than 300 positions as part of cost-cutting measures following a significant cyberattack that disrupted production last year.
How NBCUniversal’s deal with YouTube could jump-start the next chapter of the streaming wars
NBCUniversal struck a content deal with YouTube Premium that bundles Peacock programming at no extra cost starting early next year, marking a shift toward aggregation in the streaming industry.
Profits boost for UK defence firms as governments increase spending
Rolls-Royce and BAE Systems raised profit forecasts as governments worldwide increase defence spending, citing NATO commitments and strategic weapons development opportunities.