What To Consider When Working with AI & Real-Time Data
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
30 minutes ago
- Reuters
Sweden's Husqvarna appoints Glen Instone as new CEO
July 17 (Reuters) - Sweden's Husqvarna ( opens new tab on Thursday named insider Glen Instone as its new chief executive effective August 11. Instone will replace Pavel Hajman, who has been at the garden equipment maker's helm since May 2023. Hajman had expressed his intention in April to step down once a successor was appointed. Instone has been with Husqvarna since 2002, and is currently the president of Husqvarna's forest and garden division. Prior to that he was the company's chief financial officer. The company in April reported first-quarter operating profit below expectations hit by soft demand in North America, currency headwinds and lower prices. The company had said that its earnings before interest and tax fell 21% to 1.53 billion Swedish crowns ($156.96 million), missing analysts' average forecast of 1.71 billion crowns. ($1 = 9.7475 Swedish crowns)
Telegraph
31 minutes ago
- Telegraph
Non-dom arrivals plunged as Labour prepared for power
However, it came as opinion polls suggested Labour was on course to win power. Tax lawyers were already then warning of a drop in new inquiries from wealthy overseas clients considering a move to the UK amid Labour's plans to rip up the regime. The fall in well-heeled newcomers also came as former Jeremy Hunt announced in March 2024 he would overhaul the scheme, after months of briefings. Uncompetitive and unattractive Phineas Hirsch, a partner at law firm Payne Hicks Beach, said the fall in new arrivals 'reflects the fact that the writing had been on the wall for some time'. He added: 'Sadly, despite what the current Government has claimed, its tax reforms are not making Britain competitive or attractive. 'Not only are fewer of the world's super-rich coming to live in the UK; thousands are actively leaving – relocating to Italy, Switzerland, the UAE and other jurisdictions which have been introducing their own non-dom tax regimes, because they see the value in attracting inbound wealth and spending power.' In total there were 73,700 non-doms living in the UK in the year to March 2024, roughly 400 fewer than the previous 12 months. Despite the small decline, this group paid £9bn in tax – £107m more than the prior year. The new figures come amid growing alarm that Rachel Reeves's changes have sparked an exodus of the wealthy from Britain. The Chancellor went further than her predecessor by bringing people's global assets, including anything held in previously shielded offshore trusts, within scope of the UK's 40pc inheritance tax. This applies for a decade after the person leaves the UK. High-profile departures Ms Reeves is understood to be considering softening these more controversial rules to stem the flow of wealthy people packing up and leaving. High-profile departures in the wake of the tax changes include Goldman Sachs' most senior banker outside the US Richard Gnodde and Aston Villa co-owner Nassef Sawiris. Reliable numbers on the scale of a potential wealth exodus will not become available until at least a year. However, sales of luxury properties in London's wealthiest neighbourhoods have slumped. Wealth migration adviser Henley and Partners predicts the UK will lose more millionaires than any other country this year, projecting a fall of 16,500. The HMRC analysis shows any exodus is likely to hit London the hardest. Some 58pc of non-doms live in the capital.
Leader Live
an hour ago
- Leader Live
UK's most powerful supercomputer comes online in major AI drive
Technology Secretary Peter Kyle flicked the switch on the Isambard-AI machine in Bristol on Thursday, in a move ministers say will help the UK develop new medical cures and tools to cut emissions. The Government has pledged £1 billion to increase Britain's compute capacity 20-fold by 2030, including through the creation of a series of AI 'growth zones' designed to hasten planning approvals for new data centres. One of these will be built in Scotland, where Chancellor Rachel Reeves has also confirmed £750 million of funding will be dedicated to developing another supercomputer in Edinburgh, and another in Wales. Together with a second existing supercomputer in Cambridge, Isambard is expected to be able to process in one second 'what it would take the entire global population 80 years to achieve', the Government said. Businesses and scientists are expected to be able to use the systems to process more of the data required to train and build AI models to make new drug discoveries and breakthroughs in climate change technology. Researchers at the University of Liverpool are already using the machine to sift through tens of millions of chemical combinations in the hopes of finding ways to decarbonise British industry. The plans form part of the new Compute Roadmap, a strategy aimed at reducing reliance on foreign processing power and transform the UK's public compute capacity. By 2030, the Government expects this capacity to increase to 420 AI exaFLOP – the equivalent of one billion people spending 13,316 years doing what the system will do in one second. To support the plans, researchers, academics and tech bosses have been brought together to develop an AI science strategy to be published in the autumn. The group includes Google DeepMind vice-president Pushmeet Kohli, vice-president of the Royal Society Alison Noble and chairwoman of the Engineering and Physical Sciences Research Council Charlotte Deane. Ms Reeves said the plans would 'transform our public services, drive innovation and fuel economic growth that puts money in people's pockets'. Mr Kyle said they would 'put a rocket under our brilliant researchers, scientists and engineers – giving them the tools they need to make Britain the best place to do their work.'
