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Guinness and Johnnie Walker owner Diageo ‘could sell Chinese assets’

about 7 hours ago
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Diageo’s new boss, Dave Lewis, has barely started in the role, and the maker of Guinness and Johnnie Walker is already reportedly considering selling off its Chinese assets to trim down its portfolio,The world’s largest spirits maker, whose other brands include Smirnoff vodka, Captain Morgan rum and Don Julio tequila, is working with Goldman Sachs and UBS to review its operations in China, where sales have been falling, according to Bloomberg News,Diageo’s assets in the country include a 63%-plus stake in Shanghai-listed Sichuan Swellfun, which distributes the distilled spirit Baiju,The banks have been sounding out initial interest from Chinese strategic buyers and private equity,Shares in Sichuan Swellfun have dropped 14% in the past year, giving the Chengdu-based company a market value of 19.

2bn yuan (£2bn),Lewis, a former Tesco chief executive who took the reins at Diageo on 1 January, was known as “Drastic Dave” during his nearly three decades at the Marmite to Dove soap conglomerate Unilever for his cost-cutting,He then revived Tesco, Britain’s biggest supermarket chain, after a damaging accounting scandal, slimmed down its international arm, closed unprofitable divisions such as electricals and slashed thousands of jobs,London-based Diageo is struggling with the impact of Donald Trump’s tariffs, high debt levels and consumer shifts, as many younger people choose to drink little or no alcohol,In November, it flagged a double-digit sales decline in China.

Diageo is streamlining its portfolio after announcing the sale of its 65% stake in East African Breweries for $2.3bn (£1.7bn) to Japan’s Asahi Group last month, offloading its last direct African beer operation.Lewis took over from Debra Crew, a former captain in US military intelligence, who was appointed as chief executive in 2023 after the untimely death of the highly regarded Ivan Menezes.Her tenure was marked by a shock profits warning later that year caused by supply issues in Latin America, as cash-strapped customers in Latin America and the Caribbean were consuming less alcohol and seeking cheaper brands.

There were further supply problems in the run-up to Christmas last year – this time a shortage of Guinness, when UK pubs complained that their flow of the “black stuff” had been rationed,Diageo declined to comment,
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UK threatens action against X over sexualised AI images of women and children

Elon Musk’s X “is not doing enough to keep its customers safe online”, a minister has said, as the UK government prepares to outline possible action against the platform over the mass production of sexualised images of woman and children.Peter Kyle, the business secretary, said the government would fully support any action taken by Ofcom, the media regulator, against X – including the possibility that the platform could be blocked in the UK.Kyle said Ofcom had received information it had requested from X as part of a fast-tracked investigation into the use of platform’s built-in AI tool, Grok, to generate large numbers of manipulated images of people, often depicting them in minimal clothing or sexualised poses.The technology secretary, Liz Kendall, who said on Friday that she expected action from Ofcom within days, is due to give a statement to the Commons on Monday afternoon.Kyle told Sky News: “Let me be really clear about X: X is not doing enough to keep its customers safe online

1 day ago
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‘Dangerous and alarming’: Google removes some of its AI summaries after users’ health put at risk

Google has removed some of its artificial intelligence health summaries after a Guardian investigation found people were being put at risk of harm by false and misleading information.The company has said its AI Overviews, which use generative AI to provide snapshots of essential information about a topic or question, are “helpful” and “reliable”.But some of the summaries, which appear at the top of search results, served up inaccurate health information, putting users at risk of harm.In one case that experts described as “dangerous” and “alarming”, Google provided bogus information about crucial liver function tests that could leave people with serious liver disease wrongly thinking they were healthy.Typing “what is the normal range for liver blood tests” served up masses of numbers, little context and no accounting for nationality, sex, ethnicity or age of patients, the Guardian found

2 days ago
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Elon Musk says UK wants to suppress free speech as X faces possible ban

Elon Musk has accused the UK government of wanting to suppress free speech after ministers threatened fines and a possible ban for his social media site X after its AI tool, Grok, was used to make sexual images of women and children without their consent.The billionaire claimed Grok was the most downloaded app on the UK App Store on Friday night after ministers threatened to take action unless the function to create sexually harassing images was removed.Responding to threats of a ban from the government, Musk wrote: “They just want to suppress free speech”.Thousands of women have faced abuse from users of the AI tool which was first used to digitally strip fully clothed photographs into images showing them wearing micro bikinis, and then used for extreme image manipulation.Pictures of teenage girls and children were altered to show them wearing swimwear, leading experts to say some of the content could be categorised as child sexual abuse material

3 days ago
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Behind the Somali daycare panic is a mother-and-son duo angling to be top Maga influencers

YouTube influencer Nick Shirley, whose viral video alleging fraud by daycare centers servicing Minneapolis’s Somali American community came days ahead of the Trump administration’s declaration of a national funding freeze, has for years published conspiracy-minded takes on hot-button rightwing issues.The Guardian’s journalism is independent. We will earn a commission if you buy something through an affiliate link. Learn more.He also has close ties to the White House, Republicans, and to representatives of an earlier generation of rightwing partisan “ambush journalists” such as James O’Keefe

3 days ago
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Elon Musk’s X threatened with UK ban over wave of indecent AI images

Elon Musk’s X has been ordered by the UK government to tackle a wave of indecent AI images or face a de facto ban, as an expert said the platform was no longer a “safe space” for women.The media watchdog, Ofcom, confirmed it would accelerate an investigation into X as a backlash grew against the site, which has hosted a deluge of images depicting partially stripped women and children.X announced a restriction on creating images via the Grok AI tool on Friday morning in response to the global outcry. A post on the platform said the ability to generate and edit images would now be “limited to paying subscribers”. Those who pay have to provide personal details, meaning they could be identified if the function was misused

4 days ago
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Robots that can do laundry and more, plus unrolling laptops: the standout tech from CES 2026

This year will be filled with robots that can fold your laundry, pick up objects and climb stairs, fridges that you can command to open by voice, laptops with screens that can follow you around the room on motorised hinges and the reimagining of the BlackBerry phone.Those are the predictions from the annual CES tech show in Las Vegas that took place this week. The sprawling event aims to showcase cutting-edge technology developed by startups and big brands.Many of these fancy developments will be available to actually buy, moving from outlandish concepts to production devices, although some are still limited to costly prototypes.The rise of the humanoid robot continues, with the show floor filled with myriad prototypes, some of which operated autonomously rather than being remotely controlled or performing set routines this year

4 days ago
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Twelve top central bankers defend Fed’s Jerome Powell over DoJ investigation; oil hits two-month high as Trump threatens Iran’s trading partners – as it happened

about 3 hours ago
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US inflation held firm in December amid pressure on Trump over cost of living

about 3 hours ago
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Can X be banned under UK law and what are the other options?

about 8 hours ago
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UK media regulator investigating Elon Musk’s X after outcry over sexualised AI images

1 day ago
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Frustrated Raducanu held up by rain with match suspended overnight in Hobart

about 5 hours ago
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Team GB targets record-breaking medal haul at 2026 Winter Olympics

about 5 hours ago