Former BP boss Bernard Looney will forfeit up to £32.4m after the oil giant found he committed “serious misconduct” in failing to disclose relationships with colleagues. Mr Looney is to be dismissed without notice and will not receive further salary or benefits, the oil giant said.He resigned in September after admitting not being “fully transparent”…
The UK’s competition watchdog is to look at whether Microsoft’s high-value partnership with OpenAI could be considered as a merger. The Competition and Markets Authority is examining whether the US tech giant’s work with OpenAI could affect the AI market overall. Microsoft, which owns 49% of OpenAI, said it had “preserved independence” for both firms….
The maker of Lucky Strike and Pall Mall cigarettes says its smoking business in the US is dying out. British American Tobacco (BAT) wrote off £25bn ($31.5bn) in value due to the changed outlook for brands such as Newport and Camel. The move cut the brands’ worth by more than a third, and sent the…
At the opening ceremony of the 37th Lagos International Trade Fair (LITF) in Lagos, Nigerian government and business leaders called on young entrepreneurs to embrace innovation to address economic challenges and boost economic growth. Speaking at the opening ceremony, the Minister of Industry, Trade and Investment, Mrs. Doris Uzoka-Anite, said innovation is the key to…
