Business

Recession fears as UK economy shrinks by more than expected in shock decline

Summer washout hits retail and construction sectors – but chancellor insists ‘reasons to be confident’ The UK economy shrank surprisingly sharply in July as retailers and construction projects were knocked by wet weather, sparking fresh fears of a recession. Experts forecast a 0.2 per cent decline in gross domestic product (GDP) – but official data shows it contracted …

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Empowering your Business for Optimal Efficiency

Empowering your business for optimal efficiency can be a daunting process, but the rewards are worth it. With the right strategies and tools in place, you can maximize productivity while minimizing resource use. This will not only improve your bottom line, but also make sure that you’re doing all you can to keep up with …

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How climate adaptation can both protect and grow your business

Preparing for physical climate risks can be a catalyst for companies’ innovation and growth. But first they must form a clear picture of their vulnerabilities and make a plan to manage them. The brutal heat in the Northern Hemisphere during the summer of 2023 reminded us once again that our changing climate poses severe …

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AI could make it easier for companies to IPO. Is that a good idea?

Going public is a notoriously laborious and red-tape-heavy process. New AI tools could streamline some of the legwork, but they have to be rolled out carefully. BY SAM BECKER 5 MINUTE READ If artificial intelligence (AI) could take a years-long process or task and reduce it to mere weeks or days, it would be irresponsible not …

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Iran’s ambassador to Saudi Arabia to depart for Riyadh

The Iranian embassy reopened in June, and the ambassador is expected to be fully situated there within days. Tehran, Iran – Iran’s Ministry of Foreign Affairs says its ambassador to Saudi Arabia will soon depart for Riyadh to lead Tehran’s diplomatic mission that was reopened in early June after seven years. Iran’s new envoy to the kingdom, Alireza …

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Tehran, Moscow Sign Five-Year Cooperation Agreement on Product Standardization

TEHRAN (Tasnim) – Tehran and Moscow have inked a five-year cooperation agreement aimed at standardizing traded products, particularly non-industrial goods and halal products, as announced by the Iranian Embassy in Russia. “The Iranian and Russian sides signed a document on five-year cooperation between the two countries in the field of standardization. This document outlines the …

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OpenAI launches business version of ChatGPT after blowback over privacy

ChatGPT Enterprise touts improved security and privacy in bid to woo corporate clients. ChatGPT creator OpenAI has unveiled a business version of its artificial intelligence-powered chatbot as the California-based startup grapples with declining users and concerns about the potential harms of AI. ChatGPT Enterprise features improved security and privacy, with early corporate adopters including Carlyle, …

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