Category: Business

[ad_1] It is the season for special pleading, meaning warnings to the chancellor of the dire consequences that will follow if she fiddles with various tax reliefs in her budget next month. In the case of London’s junior stock market – once known as the Alternative Investment Market, but these days just as Aim –…

[ad_1] OpenAI, the developer of the groundbreaking ChatGPT chatbot, is preparing to overhaul its corporate structure and become a for-profit business. The startup’s chief executive, Sam Altman, acknowledged on Thursday that it was “not a normal company” after another surprising development at OpenAI this week when its its chief technology officer, Mira Murati, resigned. Her…

[ad_1] Some of London’s main railway stations will be closed and train services diverted around Christmas, Network Rail has said. Passengers have been advised to plan ahead for the festive period, with Liverpool Street – now Britain’s busiest station – shut for eight days, Paddington for three days, and nine days of work planned affecting…

[ad_1] Southwest Airlines pitched a new vision at the company’s investor day on Thursday morning as part of a bid to placate the activist hedge fund Elliott Management, which has been demanding change at the troubled airline. The new pitch, which presented plans for a three year overhaul, appeared to pay off. Shareholders liked what…

[ad_1] By Francesca Landini MILAN (Reuters) – Suitors have approached Eni over the potential sale of a second stake in its biofuel unit Enilive as the Italian group discusses the final details of a deal to sell a stake in the unit to KKR, two sources said on Thursday. The disposal of another chunk of…

[ad_1] Whatever you thought you knew about Southwest Airlines is about to change. The airline on Thursday revealed a dramatic turnaround plan, scrapping its unique playbook of more than 50 years in favor of an airline that largely resembles most of its peers. In a 112-slide presentation for investors, executives laid out plans for assigned…

[ad_1] Morrisons has raised £331m to cut its debt pile through the sale of ground leases on 76 supermarkets as part of a turnaround plan under the new chief executive, Rami Baitiéh. If all the proceeds are used to pay down debt, Morrisons would have net debt of £3.6bn, down from as much as £8.6bn…

[ad_1] The number of energy companies committed to a green-power transition continues to grow. Some pioneers remain at the leading edge, and Fortune recognized three of them on the 2024 Change the World list. One of those companies is India’s ReNew Energy Global. Like many nations in the Global South, India’s economy is heavily coal-dependent. ReNew is doing…

[ad_1] An analysis of the wreckage of OceanGate’s Titan submersible has revealed how its hull came apart. Images of the craft’s pieces scattered across the sea floor show the carbon fibre hull had separated into multiple layers – a known problem with the material. The evidence was presented on Wednesday to the US Coast Guard…

[ad_1] This as-told-to essay is based on a transcribed conversation with Laura Kankaala, head of threat intelligence at F-Secure, a Finnish cybersecurity company. The following has been edited for length and clarity. I’ve always found hacking fascinating. Shadowy people who take advantage of weaknesses in technology. It had a mystique. I liked the idea of…