Price cut wars: Walgreens follows Target, Walmart and Amazon, slashing prices on 1,500 items

Generative AI relies on human-generated content for growth, sparking debate over copyright laws and fair use exemptions. The UK government is considering exemptions for AI web-crawlers, causing concern among artists and potential legal challenges. Other countries are facing similar disputes, with the need for new regulations and innovative market solutions to compensate content creators while fostering AI innovation. Full Article

Norway's oil fund has purchased a 25% stake in Covent Garden for £570mn from Shaftesbury Capital, reflecting their confidence in London's real estate market. This investment adds to Norges Bank Investment Management's growing portfolio in the city, with previous acquisitions including a stake in the Grosvenor estate. The deal signals a positive view of high-quality real estate in London, as Shaftesbury reports increased property values and a surge in tourism post-pandemic. Full Article

In this virtual event, seasoned founders share how they strategically used technology to grow their businesses exponentially, offering concrete tactics on incorporating digital innovations like AI. Keeping abreast of the latest technology and implementing it in your company may be challenging and expensive, but learning from their success can help you scale your business efficiently. Full Article

Oil and gas executives met with President Trump at the White House to discuss issues such as deregulation and tariffs, despite frustration with his agenda and falling oil prices. The industry is prioritizing permitting reform to make it easier to build energy projects, navigating tariffs on imported steel, and seeking to increase natural gas exports. Some companies are also advocating for preserving tax credits for producing renewable fuels and capturing carbon dioxide. Full Article

The Federal Reserve kept interest rates unchanged for a second consecutive meeting, citing uncertainty surrounding President Trump's policies and their impact on the economy. Fed Chair Jerome H. Powell highlighted the potential delay in progress towards reaching the central bank's 2 percent inflation target due to tariffs, leading to higher inflation forecasts but lower economic growth estimates. The Fed plans to potentially lower interest rates by a half point this year through two quarter-point cuts,...

Federal Reserve officials decided to maintain interest rates at 4.25% to 4.5%, with potential future cuts later in the year, citing the need for clarity on economic plans including tariffs. Fed chair Jerome Powell emphasized the need for patience and adaptation during a press conference, while predicting higher unemployment and slower economic growth in 2020. Despite expectations for no change, experts noted the Fed's cautious approach amidst uncertainty surrounding trade policies and inflation effects, with...