Author: Sam Allcock

Boohoo Group’s executive team has decided not to accept a £1m bonus each after discussions with shareholders, amidst financial difficulties.The bonuses, initially intended for CEO John Lyttle and co-founders Mahmud Kamani and Carol Kane, have been retracted due to investor concerns.Boohoo’s financial results for the year ending 29 February 2024 showed a significant increase in pre-tax losses, rising to £159.9m from £90.7m in the previous year.Revenue for the period fell by 17% to £1.46bn, accompanied by a 16% decrease in gross profit and a 7% drop in adjusted EBITDA.The company emphasised the importance of shareholder engagement for future decision-making, while…

As the UK prepares for its upcoming general election, business leaders make a profound political statement.More than 120 executives, including JD Sports’ Andy Higginson, support Labour.Business leaders cite economic stagnation and instability as reasons for their support.Labour’s perceived shift towards business-friendly policies gains attention.Prime Minister Sunak announces general election for 4 July.In a significant political development, over 120 prominent figures from the business community, including Andy Higginson, chairman of JD Sports Fashion, have expressed their support for the Labour Party in the forthcoming general election. This initiative is encapsulated in an open letter published in The Times, which articulates a…

Recently, reports have surfaced online about some changes to WhatsApp’s status updates. From a completely revamped interface to the ability to mention contacts privately, the instant messaging platform has introduced several new features. According to a recent report by WA Beta Info, WhatsApp now allows users to share longer voice notes as status updates. The report from WA Beta Info indicates that WhatsApp is now expanding the capabilities of its status feature, applicable to both iOS and Android users. The Meta-owned app now allows users to share voice notes up to 1 minute long. With recent updates, users can record…

OpenAI’s CEO, Sam Altman, wrote a blog post following the launch of ChatGPT-4o. Altman stated that the new LLM (Large Language Model) is smarter and more enjoyable compared to the previous versions of ChatGPT. The idea of AI coexisting with or dominating humanity has been extensively explored in popular fiction. In books, films, and web series, we often hear stories about the impact of AI on humankind. And OpenAI’s CEO, Sam Altman, believes that the kind of AI seen in movies is now a reality, thanks to his company’s latest release, GPT-4o. OpenAI hosted its Spring Update event on Monday…

Ensuring a conducive work environment is crucial for enhancing workers’ skills and productivity, as well as advancing industrial production, according to experts who shared their views at a recent discussion. This discussion was jointly organized by the Ministry of Labour and Employment and the Department of Inspection for Factories and Establishments in Dhaka on the occasion of National Occupational Health and Safety Day 2024. The Speaker of the Bangladesh National Parliament, Dr. Shirin Sharmin Chaudhury, attended the meeting as the chief guest and emphasized the critical role of workers in the national economy and the importance of creating a favorable…

Nothing has rolled out a new software update for its Nothing Phone 2, which was launched in July 2023 with Android 13-based NothingOS 2.0. The phone has since received the Android 14 update and is now getting the NothingOS 2.5.5 update. The new update includes bug fixes and other improvements, along with the integration of ChatGPT. This update follows the launch of Nothing Ear and Nothing Ear (A), which also feature ChatGPT integration. The company announced in a community post that Nothing Phone 2 users can now access the ChatGPT integration feature through the NothingOS 2.5.5 update. However, to use…

Mr. Musk shared this conversation on his platform X, formerly known as Twitter, when a user suggested he seek “technical support” from Mr. Nadella. “I just texted him,” he responded. In a direct text message to Mr. Nadella, Mr. Musk expressed his discomfort with the mandatory provision of setting up a Microsoft account on Windows PCs. This discussion occurred after a post announcing Microsoft’s collaboration with Mistral AI. However, Mr. Musk shifted the conversation to a more general concern, saying, “Satya, I don’t want to bother you, but please allow people to skip creating a Microsoft account when setting up…

Martine Rose launches her first collection as Clarks’ guest creative director.This collection brings archival inspirations with a modern twist.Shoes range from £140 to £260, available exclusively online and at select stores.The campaign is showcased through unique, intimate imagery.Each design prioritises comfort and familiarity.Last May, Clarks introduced renowned menswear designer Martine Rose as their guest creative director, marking a significant collaboration in the footwear industry. Today, her highly anticipated debut collection is available, reflecting Rose’s unique design aesthetics and Clarks’ commitment to comfort.Martine Rose’s inaugural collection for Clarks hosts a fascinating blend of tradition and innovation, drawing inspiration from Clarks’ archival…

The smart glasses created through the joint efforts of Ray-Ban and Meta were launched some time ago, offering users features such as listening to music, taking photos, answering calls, recording short videos, and sharing them on Facebook. While the hardware of these smart glasses is crucial for users, software also plays a vital role. To enhance user experience, the Ray-Ban Meta Smart Glasses have now received a Version 2.0 software update. According to a report, the Ray-Ban Meta Smart Glasses have been updated to improve reduced glare, automatic exposure, and color rendering. This means that photos and videos will now…

India’s stock market experienced a notable decline on Thursday after initially expanding. The market started strong in the morning, but the situation quickly reversed, leading to an unexpected downturn. The Bombay Stock Exchange’s benchmark index, Sensex, witnessed a significant drop, falling by nearly 10% or 64 points, bringing it down to 66,408 points. This decline reflects the overall sentiment and popularity of the market. Despite the drop in the benchmark index, midcap and smallcap stocks continued to show resilience. The Nifty Midcap and Nifty Smallcap 100 indices both rose by approximately 0.65% today. Among the sectors, the Nifty IT, Nifty…