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UK factory output tumbles to lowest level in nearly three years

The Guardian Manufacturing

CBI data showing slowdown in activity is latest sign Bank interest rate rises are slowing economy Business live – latest updates UK factory output has fallen sharply over the summer to its lowest level in nearly three years in the latest sign that interest rate increases by the Bank of England are slowing the economy.

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UK factory growth slows to weakest in 18 months as business optimism falls

The Guardian Manufacturing

The latest update on manufacturing from the CBI found business optimism fell for a third quarter running amid signs that the strong expansion of the past year has come to an end. Continue reading.

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UK lagging behind rivals on green growth, CBI warns

E&T

The body, which represents British businesses, said the UK is has lost out on estimated £4.3bn of green growth market value in Europe alone and in April will fall from 5th to 30th place in OECD table on tax competitiveness. In a speech today, the director-general of the CBI, Tony Danker, is expected to say: “Growth still matters.

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UK manufacturers report steep fall in output

E&T

This fall was largely attributed to sectors including mechanical engineering, food and drink, tobacco, paper and printing & media, the Confederation of British Industry (CBI) said. Government support for energy costs has been considerable already, buying time for businesses to adapt to Europe’s new energy landscape. per cent.

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Green transition could bring £71bn to the UK economy, CBI finds

E&T

The CBI's 'Mapping The Net Zero Economy' report found that the drive to achieve net-zero emissions in the UK involves more than 20,000 businesses and 840,00 jobs in sectors such as renewable energy and waste management. But if the UK doesn't build on the good work that has already been done, we will lose out and lose jobs."

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UK businesses to delay net zero transition as energy bills soar

E&T

In a survey of businesses, 69 per cent said they expected their energy costs to increase in the next three months, with almost a third anticipating rises of more than 30 per cent. With firms under pressure not to pass on rising costs, there is a risk that vital business investment is paused or halted entirely.

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Geoffrey Hinton’s Concerns Over AI: Infosys Consulting AI Expert Comments

i4.0 today

Then comes business accountability and explainability for the decisions the model makes, followed by inclusivity and societal benefit. For example, businesses must have diverse teams to avoid transferring human bias into the technical design of AI – as the AI is driven by human input. This was highlighted by the OpenAI Dall.E2