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Pret A Manger has booked a goodwill impairment charge of £553m, blaming higher costs in its core UK business and a more uncertain global economy.The sandwich and coffee chain, which has 717 stores in 21 markets but earns the bulk of its revenues in the UK, reported an operating loss of £451.5m for 2024 despite a 10% rise in global sales to £1.2bn. It had made a £28.3m profit over the previous 12 months.Money latest: My parents’ row with P&O Cruises was resolved by audio recording Pret blamed the reverse on the non-cash charge. The retailer, majority-owned by European investment…

AI is transforming software engineering, changing what software engineers do and the skills they need to succeed. A new survey from Uplevel, of over 100 senior engineering leaders at mid-to-large technology companies, looks at what they believe will be the most important skills for their teams. It finds that validation of AI outputs and quality assurance (QA) is valued highest, cited by 66 percent of leaders, followed by performance monitoring and optimization (39 percent), and system architecture and integration skills (34 percent) Code generation is the activity most likely to require less human effort according to 50 percent of respondents,……

LONDON — Britain’s National Gallery announced Tuesday that it will use a whopping 375 million pounds ($510 million) in donations to open a new wing that, for the first time, will include modern art.Founded in 1824, the gallery has amassed a centuries-spanning collection of Western paintings by artists from Leonardo da Vinci to J.M.W Turner and Vincent van Gogh — but almost nothing created after the year 1900. The modern era has been left to other galleries, including London’s Tate Modern.That will change when the gallery opens a new wing to be constructed on land beside its Trafalgar Square site…

Bob Pockrass FOX Motorsports Insider Alex Palou has consistently indicated this year that his Formula 1 ambitions are over, that he isn’t knocking on any doors.But that hasn’t stopped the talk, and The Indianapolis Star reported Monday that Red Bull has interest in the four-time INDYCAR champion.It doesn’t appear that talks, if any, are all that far along, and Palou’s INDYCAR boss Chip Ganassi said Saturday that he is confident Palou enjoys racing in INDYCAR.”Alex will be the first to tell you he is enjoying himself here,” Ganassi said during the telecast of INDYCAR practice at The Milwaukee Mile. “He…

MUMBAI : The dollar hit a seven-week low on Tuesday as investors braced for U.S. data revisions that could point to a jobs market in worse shape than initially thought, shoring up the case for even deeper Federal Reserve interest rate cuts.The dollar slumped 0.7 per cent against the Japanese yen to 146.32, its weakest level since mid-August while sterling was up 0.2 per cent at $1.3558. The euro slipped to $1.1752 after touching its strongest level since July 24. A Bloomberg news report that Bank of Japan officials believe it may be possible to raise the benchmark interest rate…

Nobel Prize-winning molecular biologist and former Caltech president David Baltimore—who found himself at the center of controversial allegations of fraud against a co-author—has died at 87 from cancer complications. He shared the 1975 Nobel Prize in Physiology for his work upending the then-consensus that cellular information flowed only in one direction. Baltimore is survived by his wife of 57 years, biologist Alice Huang, as well as a daughter and granddaughter. “David Baltimore’s contributions as a virologist, discerning fundamental mechanisms and applying those insights to immunology, to cancer, to AIDS, have transformed biology and medicine,” current Caltech President Thomas F. Rosenbaum…

The FedEx St. Jude Championship tees off on Thursday, August 7th at 7:40 a.m. ET. Check out the complete list of tee times for the first and second rounds of the St. Jude Championship – all times Eastern.First Round Featured GroupsLIV Golf UK: Final Round Highlights | LIV on FOX Check out the thrilling recap of the Final Round at LIV Golf United Kingdom, where top players like Joaquin Niemann, Jon Rahm, Bryson DeChambeau, Brooks Koepka, Phil Mickelson, and more battled it out.First Round Tee TimesTee No. 18:20 a.m. – Matti Schmid8:30 a.m. – Min Woo Lee, J.T. Poston8:40 a.m.…

A contest to become the next deputy leader of the Labour Party is under way after Angela Rayner resigned from the role – and from cabinet.She quit after admitting in an interview with our political editor Beth Rigby for the Electoral Dysfunction podcast that she underpaid the taxes due on a new property near Brighton. The contest to succeed her is well under way, with MPs from across the party putting themselves forward.Tap here for the latest on the deputy leadership contest in our Politics HubLabour’s governing body, the National Executive Committee (NEC), agreed the process and timetable for the…

As expected, Apple has taken down its entire online Apple Store ahead of the iPhone 17 launch.Apple Store banner ahead of the “Awe Dropping” eventApple’s entire range of devices and accessories can still be read on the online Apple Store, but every “Buy” button now goes to a holding page headed, “Be right back.””We’re making updates to the Apple Store,” it continues. “Check back soon.” Continue Reading on AppleInsider | Discuss on our Forums

Texas state Rep. James Talarico, a Democrat and former schoolteacher with a rising national profile, joined a widening race for U.S. Senate on Tuesday that already has two prominent challengers trying to unseat Republican Sen. John Cornyn. Talarico, 36, has gained popularity in the Texas House through viral social media posts challenging Republican-led policies such as private school vouchers and requiring the Ten Commandments in classrooms. It is the first statewide race for Talarico, who flipped a seat in Austin’s booming suburbs in 2018.He will seek the Democratic nomination in a field that includes former U.S. Rep. Colin Allred, who…