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Britain sets priorities for November global AI safety summit

LONDON (Reuters) – Britain set out its objectives for its global artificial intelligence (AI) safety summit on Monday, focusing on understanding the risks posed by the frontier technology and how national and international frameworks could be supported. The summit, which will be held on Nov. 1-2, will bring together tech executives, academics and political leaders …

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UK stocks fall after data signals waning consumer demand; Ashtead slides

By Khushi Singh (Reuters) -The UK’s FTSE 100 edged lower on Tuesday, after a barrage of data prompted worries about waning consumer demand in the economy, while equipment discount retailer B&M’s shares fell on acquisition of assets from Wilko. Both the blue-chip FTSE 100 index and the midcap FTSE 250 index slipped 0.2%. Data showed …

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Demand in focus as UK homebuilders set to brief markets on recent trading

(Reuters) – Investors in British housing stocks will be eager to glean insights on demand and selling prices as some of the country’s top homebuilders start issuing earnings reports or trading updates this month. High mortgage rates and a prolonged cost-of-living squeeze have hammered UK housing demand over the past few months, making it the …

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Raise pension contributions to combat UK capital market decline, says think-tank

By Huw Jones LONDON (Reuters) – Higher minimum contributions to pension schemes and turning the regulatory screw would help plug shortfalls in retirement income and reverse shrinkage in Britain’s capital market, think-tank New Financial said in a report on Tuesday. A welter of regulatory reforms to bolster London’s capital market and boost the flow of …

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UK consumer spending growth slows in August despite ‘Barbenheimer’ boost

By David Milliken LONDON (Reuters) – British consumer spending growth lost pace last month, adding to signs of a weakening economy, despite a doubling in cinema takings after the release of the films “Barbie” and “Oppenheimer”, Barclays data showed on Tuesday. Annual growth in consumer spending on credit and debit cards slowed to 2.8% in …

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Two by-elections to Britain’s parliament to be held in October

LONDON (Reuters) – Two British parliamentary by-elections will be held in October in a test of how Prime Minister Rishi Sunak’s Conservatives are faring in the party’s heartlands and whether the opposition Labour Party is recovering support in Scotland. The votes will determine replacements for two outgoing lawmakers and are seen as an important electoral …

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UK minister apologises for swearing about crumbling school closures

By Sachin Ravikumar and Andrew MacAskill LONDON (Reuters) – Britain’s education minister Gillian Keegan apologised for an expletive-ridden outburst on Monday after complaining she wasn’t being thanked enough for doing a “fucking good job” in dealing with potentially hundreds of unsafe school buildings. The revelations of old and weak concrete in schools, which saw 104 …

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Northern Ireland police chief resigns following controversies

BELFAST (Reuters) – The head of Northern Ireland’s police service, Chief Constable Simon Byrne, resigned on Monday following a series of controversies, including a major data leak and the unlawful disciplining of two junior officers. The announcement by the Northern Ireland Policing Board came weeks after the police force accidentally shared the names and work …

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Soccer-Man arrested after alleged assault on Sky Sports pundit Keane

LONDON (Reuters) -A man has been arrested following an alleged assault on Sky Sports pundit Roy Keane after Arsenal’s 3-1 Premier League win over Manchester United at the Emirates Stadium, the Metropolitan Police said on Monday. British media reported that former United captain Keane, 52, was assaulted by a fan during an altercation on Sunday. …

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