5 Things You Need To Know, Today, on Friday 5th May 2023
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5 Things You Need To Know, Today, on Friday 5th May 2023
5. London's FTSE 100 hit a one-month low yesterday as a smaller interest rate hike by the European Central Bank did little to lift sentiment dampened by concerns about the banking sector, while Shell gained after posting upbeat earnings.
The blue-chip index ended 1.1% lower, with the banking index down 1.7%, as renewed fears about a crisis among regional lenders in the United States hurt risk sentiment.
4. Tech bosses were summoned to the White House on Thursday and told they must protect the public from the dangers of Artificial Intelligence (AI).
Sundar Pichai of Google, Satya Nadella of Microsoft, and OpenAI's Sam Altmann were told they had a "moral" duty to safeguard society.
3. Apple sales have continued to fall, not as bad as expected but it did mark a second quarter in a row of sales declines for the company.
The tech giant said revenue slipped 3% in the first three months of the year compared with the same period in 2022 to $94.8bn (£75.4bn) but the fall was not as bad as feared, as demand for iPhones held up and the firm won new customers in Brazil, Mexico & India.
2. Virgin Media O2 has accused rival mobile operators of not doing enough to help customers move onto cheaper monthly tariffs.
The phone giant says other firms are "swindling" people by keeping them on rates that cover the cost of a handset, even after they have finished paying for the phone.
1. Commuters could be hit by further disruption after members of the biggest rail workers' union voted for more strikes.
The Rail, Maritime and Transport Union (RMT) said staff working for 14 train companies overwhelmingly backed a mandate to take more industrial action for the next six months as part of a long-running dispute over pay and conditions.
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