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13.10.26 - 11:42
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UK holiday demand may have peaked amid cost of living squeeze, says travel industry (The Guardian)
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Spain remains most popular destination as Britons book later in hope of better deals, Abta report findsBusiness live – latest updatesThe UK's cost of living squeeze means fewer people plan to ringfence money for holiday abroad next year, the travel industry warned on Tuesday.Despite war, wildfires and EES border checks, the numbers of Britons taking holidays climbed back to pre-pandemic levels this year – but rising costs may mean the numbers have peaked, according to an annual travel industry report. Continue reading......
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13.10.26 - 08:18
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Lobbying, lawyers and a media blitz: the fight to kill the Church of England′s £100m slavery compensation fund (The Guardian)
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Some of Britain's wealthiest financiers, including Sir Paul Marshall, have given a platform to critical coverage or are linked to its leading opponent“This is virtue signalling,” said Nigel Biggar. “These are elites who are trying to demonstrate that they are being progressive.”The target of his scorn was one that has obsessed him for years: the movement to pay reparations for the slave trade, and specifically the Church of England's plan to spend £100m atoning for its involvement. Continue reading......
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13.10.26 - 05:33
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Hock Tan Warns AI Investors Are Gambling In A Casino... Whose Chips His Own Credit Is Paying For (ZeroHedge)
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Hock Tan Warns AI Investors Are Gambling In A Casino... Whose Chips His Own Credit Is Paying For
Usually it's the chip CEOs who are the cheerleaders and the bond market that plays the skeptic. On Monday, the CEO of the second-most important AI chipmaker on the planet decided to play both roles.
Speaking on a panel at a DBS conference in Singapore, Broadcom boss Hock Tan said that many of the investors piling into AI behave more like gamblers than investors, setting extreme expectations only to discover they are effectively sitting at a casino table. In his own words, "a lot of investors have no clue what they are investing in."
He didn't stop there. Tan also questioned the long-term economics of the money-losing frontier labs, and, most importantly for markets, warned that insufficient capital could become the next constraint on the AI industry's growth. As if to make his point for him, Intel's Lip-Bu Tan, who shared the panel, said hardware will stay in short supply for another ...
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