Housebuilder Crest Nicholson warns of annual loss in ‘subdued’ property market
The British housebuilder Crest Nicholson has warned of a surprise loss this year as it bemoaned difficult trading in a “subdued” property market.
Read more →Regulation
Child sexual abuse survivor alleges Elon Musk’s AI chatbot used photos of her to generate new illegal images
A survivor of child sexual abuse has sued Elon Musk ’s artificial intelligence company, alleging that its chatbot used pictures of her abuse to generate new illegal pornographic images that depict her.
Read more →UK mortgage borrowers brace for rate jump amid global bond sell-off
Homeowners in the UK are braced for a jump in mortgage rates, driven by higher inflation and interest rate increase expectations amid turmoil in the global bond markets.
Read more →Oil pulls back, Broadcom disappoints - what’s moving markets
The S&P 500 (^GSPC +0.46%) fell 0.17% to 7,786, the Nasdaq Composite (^IXIC +0.45%) lost 0.28% to 26,729, and the Dow Jones Industrial Average (^DJI +0.56%) slipped 0.20% to 53,732 as disappointing economic data stalled…
Read more →London’s first self-driving taxis for hire hit the streets
Londoners are now able to hire self-driving taxis for the first time, after rides in Wayve’s autonomous vehicles were added to the Uber app on Thursday.
Read more →Why wait? Business grads buying firms to install themselves as CEO
Confined to her hospital bed as she waited for her baby to be induced, Ania Aliev was attempting to finalise a deal to buy a company and put herself in the top job.
Read more →China’s falling emissions amid Iran war spark hope of decarbonisation watershed
China’s carbon dioxide emissions fell by 1% after the outbreak of the US-Israeli war on Iran, thanks to a sharp reduction in oil consumption and a steady rise in the use of electric vehicles and public transport, analys…
Read more →Private equity owns 11 of England’s 20 biggest children’s care providers, research finds
Private equity companies now own or partly own 11 of the 20 largest providers of fostering and children’s homes in England, as calls to ban “obscene” profit-making in children’s care grow.
Read more →Apple Maps renames Lake Ontario as ‘Lake America’ for US users after Trump order
Apple has renamed Lake Ontario as “Lake America” for US users of its Maps app, after an executive order from Donald Trump to change the name of the Great Lake amid his trade spat with Canada.
Read more →Uber to cut 3,300 corporate jobs in management overhaul
• Uber drivers launch European class action over ‘soulless’ and ‘scary’ AI algorithm
Read more →BP seeks to end years of boardroom turmoil with appointment of new chair
BP has appointed a new chair after a months-long search triggered by the controversial ousting of Albert Manifold , seeking to draw a line under years of boardroom turmoil at the UK oil and gas company.
Read more →Russian airspace becoming unsafe for commercial airlines, Zelenskyy says
Volodymyr Zelenskyy declared that Russia’s airspace is becoming unsafe for commercial airlines, as Vladimir Putin promised to step up strikes against Ukraine’s energy facilities in the run-up to winter.
Read more →Bank of Canada holds rate as tariffs, oil prices cloud outlook
The Bank of Canada held its benchmark interest rate steady again on Wednesday as new U.S. tariffs and the ongoing war in Iran cloud the central bank’s outlook.
Read more →UK government does not know what datacentres are being used for, FoI request shows
The UK government does not know what the country’s datacentres are being used for despite fears over the growing environmental impact of the AI boom.
Read more →Faisal Islam: Why bond market wildfire is keeping world leaders up at night
It is not just the wildfire burning in the bond markets, with many countries facing interest rates at multi-decade highs.
Read more →Tim Cook handed $47m package for new role as executive chair of Apple
Tim Cook has received a $47m (£35m) pay deal as Apple’s executive chair, a remuneration package that nears the level set for his successor as chief executive.
Read more →Why are UK borrowing costs rising and what does it mean for me?
UK government borrowing costs have been rising, with some now at their highest level since 1998 as investors around the world worry about inflation.
Read more →Range Rover launches its first electric vehicle, with starting price of £154,070
Range Rover has launched its first electric vehicle – a year later than planned – offering a greener option for fans of gargantuan British-made SUVs who are also conscious about the climate crisis.
Read more →The Global Story
Economist Kenneth Rogoff argues that that the era of dollar dominance may be ending
Read more →Ryanair warns air fares in Europe will jump next year if oil price stays high
Ryanair has warned that air fares in Europe will jump next year if the oil price remains high and that some airlines could go bust.
Read more →Fake 10 Downing Street listing on Booking.com highlights security failures
Consumer watchdog Which? set up and accepted payment for fake listing for ‘1 bed apartment in heart of London’
Read more →Britain is OK with public ownership, but only by foreign powers. Why?
Have you ever wondered why it is that most houses in the UK are reliant on gas boilers? Not what’s stopping more people from replacing them with heat pumps, but instead why and how the gas boiler became so ubiquitous in…
Read more →Almost half of world’s farmers poisoned by pesticides every year, experts find
Almost half of the world’s farmers are poisoned by pesticides every single year, a study has found.
Read more →Japan halves speed limit to 30km/h on all narrow city streets
Speed limit dropped from 60km/h for around 70% of general roads in the hope of making narrow streets of crowded cities safer
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