artificial intelligence
PepsiCo Is ‘Relentless Automating’ Its Workforce and It’s Even More Dystopian Than It Sounds

Yesterday morning, news went viral that PepsiCo was spending $2.5 billion (£1.9 billion) on a plan to restructure the company that involved laying off an untold number of its workers. It was probably the phrase “relentlessly automating,” which Business Insider threw in the headline, that did the trick. Pepsi’s new CEO, Ramon Laguarta had said in an earnings call last week that Pepsi was already “relentlessly automating and merging the best of our optimised business models with the best new thinking and technologies.” Read More >>

How Google, Microsoft, and Big Tech Are Automating the Climate Crisis

In a deal that made few ripples outside the energy industry, two very large but relatively obscure American companies, Rockwell Automation and Schlumberger Limited, announced a joint venture called Sensia in the US state of Texas. The new company will “sell equipment and services to advance digital technology and automation in the oilfield,” according to the Houston Chronicle. Yet the partnership has ramifications far beyond the Texas energy corridor: It’s part of a growing trend that sees major tech companies teaming with oil giants to use automation, AI, and big data services to enhance oil exploration, extraction, and production. Read More >>

Sainsbury’s and Asda May be Blocked From Merging

The Competition and Markets Authority has been weighing up the pros and cons of allowing Sainsbury's and Asda to conduct a super-merger of themselves, and appears to be slowly moving towards blocking the deal entirely. Read More >>

Fired Apple Executive Charged With Crime He Was Supposed to Prevent

Gene Levoff, a former Vice President of Corporate Law at Apple, was charged with insider trading on Wednesday by the US Securities and Exchange Commission. Read More >>

Small Part of High Street Refuses the Mike Ashley Handshake

Sports Direct and almost everything else owner Mike Ashley has been told he can't have Patisserie Valerie to add to his collection of failing UK businesses, as his cheeky offer wasn't considered high enough -- so he's OUT, like the unpopular, untelevised dragon he is. Read More >>

climate change
How Brands Think They Can Make Money off Climate Change

Climate change is in the process of turning our world into a dystopian nightmare. But at least we’ll have the brands, brands that’ll continue to try and sell us crap to deal with our future hellscape. Read More >>

Elon Musk’s SpaceX Says It Is Laying Off 10 Per cent of Its Workforce

Just days after Elon Musk unveiled the first images of his aerospace company’s Starship test rocket, SpaceX has announced that it is slimming down its workforce by roughly 10 per cent. Read More >>

Samsung Joins Apple in the Revenue Estimate Hurt Locker

Earlier this month, tech giant Apple posted quarterly revenue projections of just £67 billion, much lower than its previous projections of £70 to £75 billion, setting off a “flash crash” in global currency markets. According to a Monday report by Bloomberg, its South Korea-based rival Samsung also appears to be hitting a wall right now. Read More >>

Oh No, Apple Probably Only Made £67 Billion Last Quarter

Tim Cook just issued a very curious warning: Apple is lowering its revenue guidance for the first quarter of 2019. In other words, Apple is not going to make as much money as it had previously anticipated, and it’s kind of China’s fault. How bad is the damage, you wonder? Apple now expects to earn just $84 billion (around £67 billion) in revenue for this quarter. Read More >>

Apple’s Future Looks Rotten

A weird thing happened this year: Apple put its brand new iPhone on sale just a few weeks after release. Well, it wasn’t an outright sale. Faced with poor sales, the company boosted trade-in values of old iPhones so that you could get an iPhone XR for up to $300 off. These slumping sales numbers are part of a trend, too. People just aren’t buying as many iPhones as they used to, so Apple has been scrambling to figure out its future. Read More >>

HMV Parties Like it’s 2013 With Second Administration on the Way

HMV is once again calling in the bankers and accountants to sort out the mess it has made out there on the high street, with the administration process putting the jobs of the chain's 2,200 workers at risk and the entire business under threat of closure or, perhaps worse, purchase by Sports Direct. Read More >>

Marlboro Maker Flood Juul With Nearly £10 Billion in Big Tobacco Cash

Following reports last month that Juul was in talks with Big Tobacco for a possible minority stake in its company, it seems that nicotine-fuelled train is chugging right along. Read More >>

Chinese Businesses Offer Discounts to Huawei Phone Owners in Solidarity with Exec Detained in Canada

Shennong Mountain Scenic Park has become the latest place in China to offer a financial perk to anyone carrying a Huawei phone by waiving the park’s entry fee completely. Why? The park wants to show solidarity with Meng Wanzhou, the CFO of Huawei who was arrested in Canada at the direction of the United States earlier this month for allegedly violating sanctions against Iran. Read More >>

Johnson & Johnson Fails to Have £3.69 Billion Cancer Verdict Thrown Out

Johnson & Johnson, which lost a lawsuit brought by 22 women and their families who claimed their ovarian mesotheliomas were caused by talc products contaminated with the carcinogen asbestos to the tune of $4.69 billion (about £3.69 billion) in July, has failed to have the verdict thrown out on jurisdictional grounds. Read More >>

Amazon Is Reportedly Sick of Hawking You Cheap ‘Crap’ That Doesn’t Make It Any Money

Amazon, a company valued at $1 trillion (about £793 billion) earlier this year, is reportedly sick of selling you cheap shit that isn’t making it more money. Read More >>