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Tech leaders call for pause on training powerful AI bots

Elon Musk and Apple co-founder Steve Wozniak among those to call for temporary halt

Rare Patek Philippe watch sells for record €5.4 million at auction

The Patek Philippe ‘Sky Moon Tourbillon’ is now the most expensive timepiece ever sold at an online auction

H&M launches new resale platform to cut fashion waste

H&M Pre-Loved launched in the US with around 30,000 pre-loved women’s and kids’ clothing and accessories

Guinness owner Diageo announces new chief executive as Ivan Menezes stands down

Debra Crew, the chief operating officer who was widely tipped to step up when Menezes retired, will lead the company

Landmark new EU rules will require all new cars to produce zero emissions

The change will mark an effective end to the era of combustion cars

Saudi National Bank chair resigns after Credit Suisse remark

Ammar Al Khudairy had ruled out fresh investments in the Swiss lender as it grappled with its finances

Silicon Valley Bank bought by First Citizens, branches to reopen

The US Federal Deposit Insurance Corporation said the deal includes the purchase of about $72 billion worth of Silicon Valley Bank assets at a discount of $16.5 billion

Irish bank shares drop as Deutsche becomes new focus of industry turmoil

Banking stocks across Europe recorded declines amid concerns about the stability of the sector

Apple to spend $1 billion a year on films to break into cinemas

The company will use its presence in theatres to market its streaming service

Massimo Dutti faces earnings decline as office wear becomes less popular among high street shoppers

Earnings from the brand dropped 9.6 per cent in the past fiscal year, according to the Spanish fast fashion chain Inditex, which owns Massimo Dutti

Apple considers bidding for Premier League streaming rights

The move would step up streaming competition with Amazon

Spa and Wellness

Inside the Cotswolds’ new £15,000-a-year club for the fitness-obsessed

Boris Johnson and his wife, Carrie, got married at the Bamford’s Daylesford residence last summer and celebrities like David Beckham have been seen at the farm

Google Opens Bard AI Chatbot to the Public

The release comes amid heightened buzz in Silicon Valley over generative AI — software that can create text, images, music or even video based on user prompts

European Central Bank president says ‘digital euro’ is needed but will never replace cash

Christine Lagarde said a digital currency would protect European resilience and end reliance on outside digital payment methods

Climate & Environment

New report finds greenwashing is ‘rampant’ in food sector

Meat and dairy companies, which are responsible for the largest share of food-related greenhouse gas emissions, were among the worst offenders

6 of the best new hotels coming to Ibiza and Mallorca

Start dreaming of your summer by the Spanish seaside now. A slate of new luxury hotels is coming to the islands of Ibiza and Mallorca just in time for the season, including a property that used to be Richard Branson’s private villa and a stylish offering from tennis superstar Rafael Nadal.

Credit Suisse bankers flood headhunters with calls after rescue

Headhunters and rival lenders have been fielding calls over the past few days from anxious staff at the firm

7 stunning island hotels opening around the world in 2023

Island vacations have staying power, as proven by the sustained demand over the past three years. But in 2023 these trips are getting major upgrades in the form of new hotels and notable reopenings in some of the world’s most beloved tropical locales.

Out of Time: Rolex accelerates Swiss production to meet rising demand

The Swiss watchmaker’s second-hand models have soared in value as the appetite for its newer models outstrips supply

SVB Financial goes bankrupt

Bank ‘believes’ it has about $2.2 billion of liquidity and counts its equity in SVB Capital and SVB Securities among its assets