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Post office scandal: at least 8 convictions could be linked to the second computer system used by the Post Office | UK News Aitrend

November 22, 2024 by Aitrend

At least eight convictions from before the Horizon Post Office scandal are being examined by the body charged with investigating possible miscarriages of justice, Sky News has learned. The Criminal Cases Review Commission (CCRC) has confirmed it is reviewing several cases of former subpostmasters affected by Capture software. The computerized accounting system was used in … Read more

Thales under investigation for bribery and corruption | Money News Aitrend

November 21, 2024 by Aitrend

An investigation is underway against the French defense company Thales for suspected bribery and corruption, the British Serious Fraud Office (SFO) announced. A statement, issued shortly after French financial markets closed, said a joint investigation involving the SFO’s French counterparts, the PNF, was underway. The case did not detail allegations beyond the alleged offenses, although … Read more

Water companies cannot use customers’ money for ‘undeserved’ bonuses | Money News Aitrend

November 21, 2024 by Aitrend

The sector regulator has banned nine water companies from using their customers’ money to fund “undeserved” bonuses. Ofwat said it had stepped in to use its new powers on water companies that cannot demonstrate that bonuses are sufficiently linked to performance. Blocked payments amount to 73% of the total executive rewards offered across the industry. … Read more

Google may be forced to sell its Chrome browser due to internet search monopoly claims | Scientific, climate and technology news Aitrend

November 21, 2024 by Aitrend

Google must sell its Chrome browser to restore competition in the online search market, US prosecutors have argued. The proposed separation was outlined in a 23-page document filed by the U.S. Department of Justice. It also calls on lawmakers to impose restrictions intended to prevent its Android smartphone software from favoring its own search engine. … Read more

Nvidia shares take another hit as growth expectations disappoint | Money News Aitrend

November 21, 2024 by Aitrend

Nvidia, the chipmaker behind the artificial intelligence (AI) boom, saw its share price fall again following its earnings release amid continued constraints on the chain supply. Its third-quarter trading update showed that demand for its cutting-edge generative AI chips would continue to outstrip supply for at least another year. Some might say it’s a nice … Read more

Cinven leads race to buy Grant Thornton shares in the UK | Money News Aitrend

November 20, 2024 by Aitrend

Private equity firm Cinven is in advanced talks to acquire a major stake in Grant Thornton UK, a deal believed to be among the largest ever in the UK audit industry. Sky News has learned that Cinven is close to agreeing a deal to acquire the stake, with sources suggesting on Wednesday it could be … Read more

Expense calculator: which prices increase and decrease the fastest? | UK News Aitrend

November 20, 2024 by Aitrend

Inflation jumped to 2.3% in October – a six-month high. An increase in household energy bills contributed to this higher than expected reading. Economists had forecast a figure of 2.2% after a three-year low of 1.7% in September. But how does all this affect the cost of groceries, clothing and leisure activities? Use our calculator … Read more

Jaguar: British luxury car maker has new advert that doesn’t feature any cars | UK News Aitrend

November 20, 2024 by Aitrend

Jaguar has left people perplexed with a new glossy ad that doesn’t show any cars. The British luxury vehicle maker released an advert featuring a series of models, dressed in brightly colored clothing, emerging from an elevator into a stark landscape. They are then seen in various poses as different slogans appear on screen, including … Read more

Bank of England governor supports retail sector following fiscal jobs warning | Money News Aitrend

November 19, 2024 by Aitrend

The governor of the Bank of England said industry lobby group the British Retail Consortium (BRC) was right to warn of job losses resulting from the Budget. There is a “risk” of rising unemployment due to increases in employers’ national insurance contributions and increases to the minimum wage announced by Chancellor Rachel Reeves last month, … Read more

Three workers die during Hyundai car test in South Korea | World News Aitrend

November 19, 2024 by Aitrend

Three workers died Tuesday afternoon during a car test at a Hyundai factory in South Korea, police said. The three men were found unconscious in a car while testing it in a “room” at the factory in the southeastern city of Ulsan, according to a union official. Two of the workers were Hyundai researchers involved … Read more