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Nvidia shares tumble over investigation into Huang's affair with alleged Chinese spy

The tech firm saw its shares fall by about 4% by close of trade on Monday after Jensen Huang admitted having an extramarital affair. Nvidia's probe came after reports that the US believed the Nvidia boss had been…

Boeing to cut about 5% of its commercial plane workforce

The company will eliminate the posts through a mix of layoffs and attrition because of a slower ramp-up to "provide our factories and supply chain partners additional time to achieve stability", said a message to…

How a civil servant got away with juggling five jobs for so long

He'd been on sick leave from his job at the UK Health Security Agency (UKHSA) for nearly three months and Adams, his line manager, wanted to put a plan in action to ease him back into work. At the start of the call…

Bailey warns AI may not ‘live up’ to market hype

Bank of England governor Andrew Bailey has warned that AI “may not live up to market expectations” and deliver returns fast enough to investors, risking a sharp fall in valuations. Bailey said in a speech in Zurich that…

High fossil fuel prices spread inflation ‘like a cancer’, UN climate chief tells Cop31

Stiell joined Cop31 hosts Turkey and Australia, which is leading the negotiations, in promoting renewable energy and a new electrification goal as an optimistic alternative to a planet still tied to oil, coal and gas.…

EasyJet looks to slash head office roles before £5.7bn takeover

The Luton-based carrier is understood to be consulting on proposals that may see 50 head office roles slashed out of a team of over 2,300. It comes after Easyjet agreed a takeover in July for 715p a share by US firm…

Civil servant who secretly held five jobs found guilty of fraud

He fraudulently earned more than £284,000 of taxpayers' money. The prosecution accused the 56-year-old of ''deliberate, intentional dishonesty'' and of ''exploiting the system''. After seven hours of deliberation, the…

Nvidia’s board needs to do some succession planning – sharpish | Nils Pratley

The world of US big tech is not, to put it mildly, strong on checks and balances on a founder's power. Huang does not enjoy the supercharged voting rights that are par for the course elsewhere – his shareholding is a…

More than three-quarters of FTSE 350 firms have outperformed Nvidia this year

London’s blue-chip index is up 9.3 per cent since the start of the year, on an equal-weight basis. Nvidia shares, on the other hand, have shed more than seven per cent of their value since the start of the year. That…

Poundland unable to buy new stock as fears over collapse grow

The discount chain is on the brink of collapse with one insider describing it as "running on fumes". It has until Thursday to secure a rescue deal. About £50m has been frozen by its American owner Gordon Brothers, the…