Royal Mail has taken a £200mn hit from strikes as it races to restore customers’ faith in its services amid an ongoing dispute with postal workers and a damaging cyber attack.The UK delivery group’s parent company, International Distribution Services, said on Thursday that 18 days…

Generative AI models, such as ChatGPT, will supposedly one day replace most humans at writing copy. In the meantime, though, humans are spending an awful lot of time writing about generative AI. Every day, announcements arrive boasting about how start-ups a, b and c are…

Good morning and we start today with the controversial decision by Meta to reinstate Donald Trump to Facebook and Instagram “in the coming weeks”.The announcement, made by former British deputy prime minister and president of global affairs at Meta, Nick Clegg, comes as the former…

Akio Toyoda is stepping down as president of Toyota as the world’s largest carmaker battles to maintain its lead in a world shifting to electric vehicles, autonomous driving and other disruptive technologies.Toyoda, 66, who is the grandson of the company’s founder and has led the…

About one-third of small to medium-sized enterprises feel less confident in their ability to grow this year after the government’s Autumn Statement, in a sign of the pessimism spreading among many of the UK’s more entrepreneurial companies.The number of SMEs planning to expand has fallen…

Chesapeake Energy, a prime mover in the US shale energy revolution, has struck a $1.4bn deal to offload the bulk of its Texas oil assets as it ditches crude production in favour of drilling for natural gas.The company said on Wednesday it had agreed to…