-
Co-op launches groundbreaking prisoner scheme
The Co-op has introduced a pioneering prisoner apprenticeship scheme, the first of its kind aimed at addressing skills shortages in the railway sector. In collaboration with City & Guilds, the programme will provide guaranteed employment opportunities to participants. The Level 2 Rail Engineering Operative apprenticeships will be conducted at HMP Highpoint in Suffolk. Claire Costello,…
-
Business leaders call for workers’ rights amendments
Seven leading industry bodies have urged MPs to accept amendments to the Employment Rights Bill, saying changes proposed by the House of Lords will ease some of the burdens firms face when new workers’ rights come into force. Peers have called for the removal of a provision that would protect workers from unfair dismissal at…
-
Amazon acquires AI wearables start-up Bee
Amazon is set to acquire Bee, a San Francisco-based start-up that has developed an artificial intelligence-enabled bracelet capable of transcribing conversations, which it can then analyse and distil into summaries, to-do lists, or other tasks. Terms of the deal, which is still to close, have not been disclosed. Amazon spokesperson Alexandra Miller said that Bee…
-
Record labels agree to boost ‘insulting’ musicians’ pay
Songwriters and session musicians will receive better rates of pay under a landmark deal agreed by the music industry and the government. For the first time, songwriters will get daily payments of £75, plus travel and food expenses, any time they attend a session or songwriting camp. Previously, they were expected to cover their own…
-
OpenAI CEO warns of AI ‘fraud crisis’
OpenAI CEO Sam Altman has warned of a “significant impending fraud crisis” in the financial sector due to AI’s ability to mimic human voices. He expressed concern over outdated authentication methods, saying: “A thing that terrifies me is apparently there are still some financial institutions that will accept a voice print as authentication for you…
-
London Stock Exchange Group considers launch of 24-hour trading
London Stock Exchange Group is weighing whether to launch 24-hour trading as bourses race to extend access to stocks amid growing demand from small investors active outside normal business hours. One person has told the Financial Times that the group is “absolutely looking at it, whether it means 24-hour trading or extended trading,” adding that…