One of Britain’s biggest fund managers, Abrdn, is demanding that Amazon toughens up monitoring of its use of AI in the latest sign of investors’ concerns over how Silicon Valley giants are handling the new technology. Abrdn, which has previously called for Apple to take its responsibilities with AI more seriously, owns a stake of…
The traditional approach marking the boundary between non-executive board directors and senior management is weakening, with more than a fifth of business leaders reporting that boards do not “fully trust” their executive teams “to get things done”. An annual report by Heidrick & Struggles, the headhunter, involving a survey of more than 3,000 chief executives…
Most of the monopolies we deal with every day are based on physical barriers to competition. Households normally have only one choice of water or sewerage provider, and motorists have one choice of road network. No one is going to construct another set of roads for you to whizz about on. It is the same,…
Hello and welcome to our daily digest of business, financial and economic news from around Scotland. 1. The Port of Cromarty Firth has been selected as one of two sites that can benefit from a £160 million UK government initiative to support floating offshore wind. The Highlands site was picked along with Port Talbot in…
Thanks to Taylor Swift, Barbie and a crackdown by Netflix on password-sharing, the British entertainment market is expected to surpass £100 billion for the first time this year. By 2028 Britain’s entertainment and media sector will generate £121 billion in revenue, making it the largest in Europe, according to a global entertainment and media outlook…
Mars, the company behind Snickers bars and Pedigree dog food, has agreed a $36 billion takeover of the snack-maker Kellanova in the biggest deal of the year. The privately owned American group will pay $83.50 per share for Kellanova, representing a premium of about 33 per cent to its closing price on August 2, the…