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(Sharecast News) - Google's new quantum computer is capable of instantly making calculations that would take current supercomputers 47 years to complete. Such compouters, proponents argue, will be capable of battling climate change and creating breakthrough drugs. Their ability to break encryption systems now utilised on the other hand makes them a threat to national security. - The Sunday Telegraph
Marks & Spencer has gotten itself into hot water after telling shareholders at the weekend that they ought not to attend its annual meeting as it has now gone digital. What's more, the retailer has said that any shareholders who do choose to attend will not be allowed to talk to members of the company's board face-to-face. Nor will they be offered refreshments. In fact, they will be asked to join in via their phones or computers, despite being in attendance. - The Financial Mail on Sunday
Gerry Murphy has been chosen as Tesco's new chairman. Murphy, who is also chairman of Burberry and Tate&Lyle, will step down from his post at the latter on 1 September, when he is due to join the grocer. The appointment was first reported by Sky News. In previous roles, Murphy ran Carlton Communications, Kingfisher, logistics outfit Exel and Greencore. Murphy expressed his excitement about the strategic opportunities for Tesco to grow. - The Sunday Times
Tesla achieved record car deliveries over the three months to June amid the ongoing price war with rivals. The firm run by Elon Musk delivered 466,140 cars, mostly of its less expensive models. That compared to forecasts for 445,000 and 422,875 in the first quarter of 2023. The manufacturer's output ramped up alongside, from 440,808 to 479,700 cars. Analysts however had warned that the company's aggressive price-cutting might hit its profit margins. Yet others had argued that deals to allow rivals to use its charging stations might erode its market share. - The Financial Mail on Sunday
