James Watt founder of Brewdog, announced that he was stepping down as chief executive on Wednesday As ever with Watt, the rumour mill immediately began swirling when news of his resignation broke. Did the weight of criticism become too much? Is he taking himself out of the firing line so that the company can float on the stock market without his baggage weighing it down? Is another marmalade-dropper of a scandal about to break? None of the above, he insists. After announcing his resignation, he tells The Times that he only ever wanted high standards. Read the full interview below
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Customers were locked out of their assets after following advice from firms their local branch recommended. Now they want compensation
Let down by their building societies — and left without savings
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Nearly four decades since its inception, debate still rages over who actually invented air miles. Sir Keith Mills, then a marketing executive, claims to have dreamt up the idea of the original Air Miles brand on a train back to London in the mid-1980s from a meeting in Liverpool with the now-defunct airline British Caledonian. “I set up Air Miles to reward loyal customers, and also to enable companies that issued the currency to understand better what their customers’ needs were,” he said. Fast-forward to 2024 and what cannot be disputed is the financial clout of Avios, British Airways’ air miles programme. Accounts filed in recent days reveal that Avios generated £1.3 billion in revenue last year — equivalent to nearly £2,500 a minute — and registered a pre-tax profit of £320 million
Making money from thin air: how air miles really work
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Ever since Steve Jobs strode on stage in Cupertino, California, to unveil the iPhone way back in 2007 — “a revolutionary product that changes everything” — rivals have been feverishly trying to make something better: an iPhone killer. To say they have failed is an understatement: Apple sold $200 billion worth of smartphones last year and remains the most profitable device maker on the planet. And yet, a new generation of iPhone killers, powered by artificial intelligence, has arrived. The good news for Apple is that these early pretenders are, virtually without exception, terrible. The bad news is that Apple is in trouble anyway. The arrival of AI has raised the spectre of an entirely new way to engage with technology. Why peck away at a little glass rectangle when we can, instead, simply talk to our machines and they will do our bidding? This is the vision of OpenAI chief Sam Altman, who predicted: “Eventually, you’ll just ask a computer for what you need, and it will do all of these tasks for you”
Why AI’s new wave poses an existential threat to Apple’s iPhone
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On Saturdays, Sir Paul Smith goes back to the shopfloor. Literally. He rises early and heads to his Mayfair flagship store, where he can be seen dressing the windows, tinkering with displays and chatting to customers. Devotees of his distinctive fashions have for years made a pilgrimage to the Albemarle Street destination from China, Korea and Japan, where the Nottingham-born tailor is something of a celebrity. But, these days, they don’t come so much
The duty-free rules deterring tourists — and Sir Paul Smith’s call for change
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There is more than £26 billion in lost retirement saving, but government plans to improve the system are dogged by delays ⬇️
The £20,000 pension pot I didn’t know I had
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The Sunday Times Best Places to Work for 2024 is live. Read the definitive list of Britain's top employers here ⬇️
Best Places To Work 2024 - The Times & The Sunday Times
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Cathy Sénéchal admits betraying two mobsters whom she befriended in a Corsican jail where inmates and mob bosses are on first-name terms and chat over brunch
The prison warden who took part in gangland hit to ‘spice up her life’
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The well-heeled, largely white residents of St George in Louisiana say they have a democratic right to keep their tax dollars to themselves — but critics question their motives
America’s newest city: breakaway tax haven or racist enclave?
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A new poll by a think tank shows that British adults look at their devices more often than people in the three other countries — and are more in favour of age restrictions
Why we’re more addicted to our phones than the French, Americans or Germans
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