Business

How to beat the queues

[ad_1] Getty ImagesThe kids have finished school and it’s time for the great summer getaway, with millions of Brits setting off on their holidays.It’s likely to be a busy time on the roads, with the RAC predicting a “weekend of woe”. The motoring organisation says some 13.8 million trips could be made between Friday and Sunday, making it the second busiest summer getaway weekend since 2015.So what can you do
Business

What’s behind the global self-storage boom?

[ad_1] Getty ImagesRenting storage is much cheaper than renting an officeWalking the endless corridors of Apple Storage in downtown Toronto, it’s not hard to see why business is booming.Behind one metal shutter, hundreds of candles are being boxed ready to be shipped around the world, behind another another an e-bike repair shop fixes transport for the city’s hundreds of delivery riders.There’s even a locker full of bitcoin ATM machines, technology
Business

ChatGPT announces search feature in Google challenge

[ad_1] OpenAI is working on adding new powers to its artificial intelligence (AI) bot, as it seeks to edge out Google as the go-to search engine.The company said it was trialling a search feature that incorporates real-time information into its ChatGPT product, allowing the bot to respond to user questions with up-to-date information and links. The tool is currently available to a limited number of users in the US. But
Business

US economy picks up amid heated presidential campaign

[ad_1] Getty ImagesEconomic growth picked up in the US this spring, raising hopes that the world's largest economy will be able to get inflation under control while avoiding a painful slowdown. The economy expanded at an annual rate of 2.8% over the three months to June, lifted by brisk consumer spending, the Commerce Department said Thursday.The pace was faster than expected, but still marked a slowdown from 2023.The strong figures
Business

Vince Cable unaware Post Office prosecuted sub-postmasters itself

[ad_1] Former Liberal Democrat leader Sir Vince Cable has said he was initially unaware the Post Office prosecuted its own sub-postmasters, despite leading the privatisation of the group.Sir Vince, who was business secretary between 2010 and 2015, was giving evidence on Wednesday to the inquiry into the Post Office IT scandal.Under questioning from Jason Beer KC, he also admitted a share of responsibility for the scandal as the Post Office
Business

Labour teams with Crown Estate to boost wind energy

[ad_1] Getty ImagesThe UK government and the monarchy's land and property business will join forces to attract investment in new a publicly-owned energy firm, Labour has said.It wants the Crown Estate, which owns much of the seabed around the UK, to help push forward offshore windfarm projects as part of its plans for GB Energy.Labour said it will invest £8.3bn in the Scotland-based company, partly funded by a North Sea
Business

Car firms demand help to meet Labour’s 2030 petrol and diesel ban

[ad_1] Drivers need better incentives to buy electric to help manufacturers meet the government's 2030 petrol and diesel ban, the UK car industry has demanded.The Society of Motor Manufacturers and Traders (SMMT) said support packages were needed to make the electric vehicles (EV) switch more attractive and affordable.It comes as figures reveal EV production dropped 7.6% in the first half of 2024.The new Labour government has pledged to restore the
Business

CrowdStrike pledges to improve testing after IT outage

[ad_1] CrowdStrike has promised to improve how it tests software after its faulty content update for Windows systems caused a mass global IT outage on Friday.The cybersecurity company's mistake resulted in problems for banks, hospitals and airlines as millions of PCs displayed "blue screens of death". In a detailed review of the incident published on Wednesday, CrowdStrike said the problem occurred due to a "bug" in the system which was
Business

Big luxury brands suffer as Chinese shoppers hold back

[ad_1] China's economic slowdown and a crackdown by Beijing on displays of wealth are taking a toll on some of the world's top luxury brands.LVMH says its sales in Asia, which include China but not Japan, fell by 14% in the three months to the end of June, worsening from a 6% decline in the first quarter.The Paris-based firm is not alone, as many of its competitors are also seeing
Business

Rise in cash-only spenders driven by cost of living crisis

[ad_1] Getty ImagesThe number of people mainly using cash for day-to-day spending hit a four year high during the cost of living crisis, research suggests.Some 1.5 million adults mainly used cash in 2023 - marking the first rise since 2019, according to UK Finance.UK Finance's head of research Adrian Buckle said: "This is likely to be a reflection of the use of cash to manage a limited budget."But the data