Press Digest: British Business - June 23
PRESS DIGEST-British Business - June 23 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
The Times
- One of the world’s largest photography agencies Getty Images GETY.N has signed a multi-year licensing agreement with OpenAI, which means images from its library will appear within ChatGPT’s search display, bringing more visual features into the chatbot.
- U.S. firm Castlelake has made a £4.7 billion ($6.22 billion) hostile offer for EasyJet EZJ.L. The 625 pence-a-share ($0.8275) bid was announced after the airline board rejected three proposals.
The Guardian
- "Frontier AI models are anticipated to exceed current industry expectations, fundamentally transforming both offensive and defensive cyber capabilities. The timeline is not years, it is months,” the Five Eyes agencies said in a joint statement.
The Telegraph
- Lime, the e-bike hire company, has revealed it faces a £40 million bill for personal injury claims amid a series of broken legs allegedly suffered by riders while using its vehicles.
- The Bank of England has dropped plans aimed at capping the value of so-called stablecoins that can be held by individuals and businesses.
Sky News
- Britain's biggest high street bank Lloyds LLOY.L is among the parties exploring a potential takeover of Aldermore, the motor finance-exposed lender which has been put up for sale amid an industry mis-selling scandal.
($1 = 0.7553 pounds)
(Compiled by Bengaluru newsroom)