Nvidia overtakes Apple as second most valuable public company
Tech giant Nvidia has overtaken Apple to become the world’s second most valuable public company.
The graphics chip maker’s market value reached $468.6bn (£362.5bn) on Tuesday, surpassing Apple’s $466.7bn (£361.5bn) valuation.
This comes as Nvidia’s shares have surged by 128% this year, driven by strong demand for its gaming and data centre chips.
Apple, which held the title of the world’s most valuable public company until recently, still holds the top spot with a market value of $2.2tn (£1.7tn).
Disfrutar named world’s best restaurant
Disfrutar in Barcelona has been named the world’s best restaurant by the World’s 50 Best Restaurants list.
The restaurant, which serves avant-garde Spanish cuisine, took the top spot for the first time since its opening in 2014.
Last year’s winner, Mirazur in France, was pushed down to second place, followed by Noma in Copenhagen, Denmark, in third.
The World’s 50 Best Restaurants list is voted on by a panel of more than 1,000 culinary experts, chefs, and food writers from around the world.
New cola-flavoured Jaffa Cake launching
Fans of Jaffa Cakes will have a new flavour to try with the launch of a cola-flavoured version of the popular treat.
The new Jaffa Cakes will feature a cola-flavoured sponge base, topped with an orange-flavoured jelly and coated in milk chocolate.
The launch follows the success of other limited-edition flavours, including pineapple, cherry, and passionfruit.
The new cola-flavoured Jaffa Cakes will be available in stores nationwide from October 12.
Money blog: ECB cuts interest rates, could boost holiday money
The European Central Bank (ECB) has announced a cut to interest rates, which could have a positive impact on holiday money for travelers.
The ECB reduced its deposit rate by 10 basis points to -0.5%, which means banks will be charged more to hold money overnight. This could lead to a decrease in the euro’s value, making it more affordable for tourists from other countries.
However, the decrease in interest rates could also lead to lower returns for savers and investors.
How brands influence consumer behavior
A new study has revealed the tactics that brands use to encourage consumers to buy more.
The study found that brands often use emotions, social influences, and scarcity to influence consumer behavior.
For example, emotional appeals can make consumers feel more connected to a brand, while social proof and scarcity can create a sense of urgency to make a purchase.
The study also found that brands often use pricing strategies to make products seem more affordable, such as offering discounts or using odd numbers in prices.
The study highlights the importance of being aware of these tactics and making informed purchasing decisions.
Ed Conway: Claim of £2k tax rise under Labour is misleading
Economics editor Ed Conway has refuted claims that Labour’s proposed tax increase would lead to a £2,000 tax rise for UK households.
Conway argues that the claim is misleading, as it is based on the assumption that Labour would implement all of its proposed tax increases in one go.
In reality, the tax increase would be phased in over four years, meaning the actual amount of tax increase per year would be significantly lower.
Conway also points out that the same math could be applied to the current Conservative government, suggesting that they have raised taxes by £13,000 over the past four years.
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