Latest news with #Solomon


Telegraph
5 hours ago
- Business
- Telegraph
Non-dom tax raid is hurting Britain, warns Goldman Sachs boss
Asked if the Government should 'revisit' its non-dom rules, Mr Solomon told the Master Investor podcast: 'I think when you look at any jurisdiction, tax policy has to make sense, incentives matter. If you create tax policy or incentives that push people away, you harm your economy and you don't drive revenue increases. 'At the end of the day, most economies have a barbell in terms of tax receipts, and that end of the barbell, where you have very affluent people that have been successful, that pay a significant share of tax, if you push them away, and you push those smart, talented people that are much more mobile away, I think you hurt your prospects for growth.' Brexit pushing talent away Mr Solomon also said the UK's departure from the European Union had contributed to the erosion of London's status as a financial centre, with many top bankers moving to Paris and other parts of Europe. 'Today, it's much, much more dispersed. I think that if you look and you step back, London continues to be an important financial centre. But because of Brexit, because of the way the world is evolving, the talent that was more centred here is more mobile,' he said. 'We as a firm have many more people on the continent in the last five years than we did five to 10 years ago. I think that policy matters, incentives matter, and it's important that you get that balance right if you want to protect and retain the leadership position that the UK and London has in participating in the broad global financial system. I think it's fragile.' Mr Solomon said he was 'encouraged' by Ms Reeves's deregulation drive after the Chancellor warned that red tape was 'the boot on the neck' of business at her annual Mansion House speech. 'I'm encouraged, for example, when the Chancellor spoke here about regulation, she's talking about regulation not just for safety and soundness, but also for growth. Now we have to see the action steps that actually follow through and encourage that,' he said. Ms Reeves suggested she will make changes to the ring fence rules that separate retail banks from their riskier investing arms, although the government will stop short of removing the regime. However, she is likely to be met with some resistance from regulators, with Andrew Bailey, the Bank of England Governor, warning against a bonfire of red tape. Earlier this week, he urged Ms Reeves not to relax the ring fencing rules, describing them as 'an important part of the structure of the banking system'. He added: 'It makes resolution of banks, if they get into trouble, much easier, and it benefits, particularly in terms of UK customers and UK consumers, businesses and households. That is a helpful feature of it, I don't think it hinders banks fundamentally.'


New Indian Express
2 days ago
- General
- New Indian Express
"Even if dogs don't bite, animal lovers will if BBMP fails to implement its feeding initiative"
What will stray dogs be fed? Chicken and rice. Dogs are primarily carnivores. Chicken parts (except the intestine), like the legs, head, neck, chicken skin, liver, gizzard, will be cooked with rice and turmeric, and fed. Compared to other meat options, chicken is the cheapest, which makes it the most feasible. Given the track record of local bodies like BBMP, do you think the animals will get chicken, or will the project be mismanaged? BBMP, during the two pandemic lockdowns, undertook feeding of stray animals successfully. I had the money released. We ensured hygiene of the cooked food, and BBMP distributed it. So this is not the first time BBMP is taking up feeding of strays. This is, however, the first time in India that a municipal organisation has undertaken an initiative for strays under a constitutional obligation (compassion). Animal activists will keep watch, ensuring strays are fed without any compromise in content and quality. There is a safety concern about the rising number of stray dogs, and difficulty for pedestrians and two-wheeler riders. How do we control that? India is a member of the World Health Organisation (WHO) which clearly deems the killing of dogs an effective solution to control stray population. Earlier, BBMP would euthanise dogs and dump the bodies in Devanahalli. This was extremely inhumane. ABC Rules, 2023, ensure the agenda remains animal birth control, not animal elimination. It is implemented well in Bengaluru, but is a big zero in other states. What is the stray dog population in Bengaluru now? What was it like a decade ago? As per the census, the stray dog population in Bengaluru is within 3lakh now, and was around 2.4lakh a decade ago. Growth has been healthy due to activists. Bengaluru has a very scientific monitoring system. What about aggressive species like Pitbulls and Rottweilers? Should there be any regulation? The Animal Welfare Board of India came out with a list of aggressive species in 2024. It was contested by the Karnataka High Court, and withdrawn in Karnataka. No animals are inherently aggressive. It depends on how we treat them. This brings us to the Wildlife Protection Act (Amendment) 2023, particularly Chapter 5B, which incorporates the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES), the global agreement on endangered species trade. While native species like the Bengal Tiger can't be kept as pets in India, under CITES, one can legally import exotic species with permission from the Chief Wildlife Warden, but only for personal pet use. Behavioural issues in pets are influenced by treatment. Mistreatment — like constant confinement or abuse — leads to aggression. The Karnataka HC quashed the Animal Welfare Board of India (AWBI) circular declaring certain breeds as aggressive in the Solomon vs AWBI case, as it lacked factual basis. Instead of targeting behaviour, AWBI should focus on habitat compatibility. For example, exotic species like penguins were once kept in cities like Chennai and Mumbai, despite being suited for sub-zero climates. This is a clear case of cruelty. Similarly, Huskies, native to colder regions, are being kept in hot Indian cities, which can harm their health.

TimesLIVE
4 days ago
- Politics
- TimesLIVE
Hundreds bid farewell to ‘daughter of District Six' Theresa Solomon
Cape Town mayor Geordin Hill-Lewis offered his condolences to Solomon's family and friends. He was a young boy when she served her term as mayor. Though he had never met her, Hill-Lewis said, many people spoke highly of her and she had shown courageous leadership as a mayor in a young democracy. 'I knew not only her professional history — her civic activism of the '70s and '80s, her involvement in the UDF, her entry into formal politics as an ANC candidate in 1994, her terms as deputy mayor and mayor of Cape Town and her diplomatic career afterwards — I also knew what people said about her, and how she was regarded in her community. 'This combination of principled toughness coupled with a motherly care and empathy made her a force for good in her community, and for the city of Cape Town. She led this city during a period when no-one had any certainty where our country was headed, and whether our democratic miracle would last. 'I think people forget how new and strange that time was for everyone in South Africa, and how challenging it must've been to steer a metro of this size and complexity through those waters,' Hill-Lewis said. A police parade was held after the service and the band played Abide By Me before the coffin was carried into the hearse. President Cyril Ramaphosa declared a special provincial category two funeral and instructed that the national flag fly at half-mast in the Western Cape on Saturday. After the service, Mbalula told the media that Solomon was a servant leader. 'She was an example of good governance and we are very proud of that,' he said.


Hamilton Spectator
4 days ago
- Business
- Hamilton Spectator
Ottawa weighing plans on AI and copyright as OpenAI fights Ontario court jurisdiction
OTTAWA - Canada's artificial intelligence minister is keeping a close watch on ongoing court cases in Canada and the U.S. to determine next steps for the government's regulatory approach to AI. Some AI companies have claimed early wins south of the border and OpenAI is now fighting the jurisdiction of an Ontario court to hear a lawsuit by news publishers. Evan Solomon's office said in a statement he plans to address copyright 'within Canada's broader AI regulatory approach, with a focus on protecting cultural sovereignty and how [creators] factor into this conversation.' But there are no current plans for a stand-alone copyright bill, as Solomon's office is 'closely monitoring the ongoing court cases and market developments' to help chart the path forward. It's unclear how long it will take for those court cases to determine whether artificial intelligence companies can use copyrighted content to train their AI products. The sole Canadian case to pose the question was launched late last year by a coalition of news publishers, and the Ontario Superior Court is set to hear a jurisdictional challenge in September. The coalition, which includes The Canadian Press, Torstar, the Globe and Mail, Postmedia and CBC/Radio-Canada, is suing OpenAI for using news content to train its generative artificial intelligence system. The news publishers argue OpenAI is breaching copyright by scraping large amounts of content from Canadian media, then profiting from the use of that content without permission or compensation. They said in court filings that OpenAI has 'engaged in ongoing, deliberate, and unauthorized misappropriation of [their] valuable news media works.' 'Rather than seek to obtain the information legally, OpenAI has elected to brazenly misappropriate the News Media Companies' valuable intellectual property and convert it for its own uses, including commercial uses, without consent or consideration.' OpenAI has denied the allegations, and previously said its models are trained on publicly available data and 'grounded in fair use and related international copyright principles.' The company, which is headquartered in San Francisco, is challenging the jurisdiction of the Ontario court to hear the case. It argued in a court filing it's not located in Ontario and it does not do business in the province. 'There is no real or substantial connection to Ontario as between the defendants and the issues alleged in the statement of claim,' the company said. OpenAI also argued the Copyright Act doesn't apply outside of Canada. OpenAI is asking the court to seal some documents in the case. The court is scheduled to hold a hearing on the sealing motion on July 30, according to a schedule outlined in court documents. It asked the court to seal documents containing 'commercially sensitive' information, including information about its corporate organization and structure, its web crawling and fetching processes and systems, and its 'model training and inference processes, systems, resource allocations and/or cost structures.' 'The artificial intelligence industry is highly competitive and developing at a rapid pace. Competitors in this industry are many, and range from large, established technology companies such as Google and Amazon, to smaller startups seeking to establish a foothold in the industry,' says an affidavit submitted by the company. 'As recognized leaders in the artificial intelligence industry, competitors and potential competitors to the defendants would benefit from having access to confidential information of the defendants.' A lawyer for the news publishers provided information on the court deadlines but did not provide comment on the case. Numerous lawsuits dealing with AI systems and copyright are underway in the United States, some dating back to 2023. In late June, AI companies won victories in two of those cases. In a case launched by a group of authors, including comedian Sarah Silverman, a judge ruled AI systems' use of published work was fair use, and that the authors didn't demonstrate that use would result in market dilution. But the judge also said his ruling affects only those specific authors — whose lawyers didn't make the right arguments — and does not mean Meta's use of copyrighted material to train its systems was legal. Judge Vince Chhabria noted in his summary judgment that in 'the grand scheme of things, the consequences of this ruling are limited.' In a separate U.S. case, a judge ruled that the use by AI company Anthropic of published books without permission to train its systems was fair use. But Judge William Alsup also ruled that Anthropic 'had no entitlement to use pirated copies.' Jane Ginsburg, a professor at Columbia University's law school who studies intellectual property and technology, said it would be too simplistic to just look at the cases as complete wins for the AI companies. 'I think both the question of how much weight to give the pirate nature of the sources, and the question of market dilution, are going to be big issues in other cases,' Ginsburg said. This report by The Canadian Press was first published July 19, 2025.


Winnipeg Free Press
4 days ago
- Business
- Winnipeg Free Press
Ottawa weighing plans on AI and copyright as OpenAI fights Ontario court jurisdiction
OTTAWA – Canada's artificial intelligence minister is keeping a close watch on ongoing court cases in Canada and the U.S. to determine next steps for the government's regulatory approach to AI. Some AI companies have claimed early wins south of the border and OpenAI is now fighting the jurisdiction of an Ontario court to hear a lawsuit by news publishers. Evan Solomon's office said in a statement he plans to address copyright 'within Canada's broader AI regulatory approach, with a focus on protecting cultural sovereignty and how [creators] factor into this conversation.' But there are no current plans for a stand-alone copyright bill, as Solomon's office is 'closely monitoring the ongoing court cases and market developments' to help chart the path forward. It's unclear how long it will take for those court cases to determine whether artificial intelligence companies can use copyrighted content to train their AI products. The sole Canadian case to pose the question was launched late last year by a coalition of news publishers, and the Ontario Superior Court is set to hear a jurisdictional challenge in September. The coalition, which includes The Canadian Press, Torstar, the Globe and Mail, Postmedia and CBC/Radio-Canada, is suing OpenAI for using news content to train its generative artificial intelligence system. The news publishers argue OpenAI is breaching copyright by scraping large amounts of content from Canadian media, then profiting from the use of that content without permission or compensation. They said in court filings that OpenAI has 'engaged in ongoing, deliberate, and unauthorized misappropriation of [their] valuable news media works.' 'Rather than seek to obtain the information legally, OpenAI has elected to brazenly misappropriate the News Media Companies' valuable intellectual property and convert it for its own uses, including commercial uses, without consent or consideration.' OpenAI has denied the allegations, and previously said its models are trained on publicly available data and 'grounded in fair use and related international copyright principles.' The company, which is headquartered in San Francisco, is challenging the jurisdiction of the Ontario court to hear the case. It argued in a court filing it's not located in Ontario and it does not do business in the province. 'There is no real or substantial connection to Ontario as between the defendants and the issues alleged in the statement of claim,' the company said. OpenAI also argued the Copyright Act doesn't apply outside of Canada. OpenAI is asking the court to seal some documents in the case. The court is scheduled to hold a hearing on the sealing motion on July 30, according to a schedule outlined in court documents. It asked the court to seal documents containing 'commercially sensitive' information, including information about its corporate organization and structure, its web crawling and fetching processes and systems, and its 'model training and inference processes, systems, resource allocations and/or cost structures.' 'The artificial intelligence industry is highly competitive and developing at a rapid pace. Competitors in this industry are many, and range from large, established technology companies such as Google and Amazon, to smaller startups seeking to establish a foothold in the industry,' says an affidavit submitted by the company. 'As recognized leaders in the artificial intelligence industry, competitors and potential competitors to the defendants would benefit from having access to confidential information of the defendants.' A lawyer for the news publishers provided information on the court deadlines but did not provide comment on the case. Numerous lawsuits dealing with AI systems and copyright are underway in the United States, some dating back to 2023. In late June, AI companies won victories in two of those cases. In a case launched by a group of authors, including comedian Sarah Silverman, a judge ruled AI systems' use of published work was fair use, and that the authors didn't demonstrate that use would result in market dilution. Wednesdays Columnist Jen Zoratti looks at what's next in arts, life and pop culture. But the judge also said his ruling affects only those specific authors — whose lawyers didn't make the right arguments — and does not mean Meta's use of copyrighted material to train its systems was legal. Judge Vince Chhabria noted in his summary judgment that in 'the grand scheme of things, the consequences of this ruling are limited.' In a separate U.S. case, a judge ruled that the use by AI company Anthropic of published books without permission to train its systems was fair use. But Judge William Alsup also ruled that Anthropic 'had no entitlement to use pirated copies.' Jane Ginsburg, a professor at Columbia University's law school who studies intellectual property and technology, said it would be too simplistic to just look at the cases as complete wins for the AI companies. 'I think both the question of how much weight to give the pirate nature of the sources, and the question of market dilution, are going to be big issues in other cases,' Ginsburg said. This report by The Canadian Press was first published July 19, 2025.