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Yen sinks after BoJ raises rates to highest level since 1995
Hawkish comments by BoJ governor fail to arrest renewed slide in currency after borrowing costs lifted to 1.25%
Financial Times·
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Japan raises interest rates to 31-year high as central bankers fight inflation; retail sales rise in Great Britain – business live
Rolling coverage of the latest economic and financial news Britons are increasingly worried about the climate emergency, and job security. New data from the Office for National Statistics shows: The proportion of adults reporting climate change and the environment as an…
The Guardian Business·
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Business
Todd Boehly exits Chelsea diminished after having his fingers burned
The billionaire’s departure will change little day-to-day but could be significant for club’s stadium plans Not since a doomed foray into the thorny world of the transfer market has Todd Boehly had any real influence over the day-to-day at Chelsea. The American exits football as…
The Guardian Business·
Business
Global leaders urged to join initiative to fight extreme inequality
More than 1,500 academics and economists sign letter, calling growing gap between richest and poorest ‘a policy choice that can be reversed’ More than 1,500 academics and economists from 100-plus countries are urging global leaders to join an initiative against extreme…
The Guardian Business·
Business
Thames Water rescue deal should be rejected - MPs
A report on the future of Thames Water, urging the government to take action, has been published.
BBC Business·
Business
Joining the dots between big AI
In the loop?
Financial Times·
Business
Venezuela nears deal to tap disputed $4bn gold reserve
Agreement would shift gold from London to New York and enable interim government of Delcy Rodríguez to access funding
Financial Times·
Business
Democrats vow to pursue ‘Trump crime family’ after midterm elections
Lawmaker on oversight committee says he will probe Donald Trump’s sons and Elon Musk if his party takes control of the House
Financial Times·
Business
Iran activates land routes to bypass US blockade
Donald Trump’s naval campaign deepens Tehran’s trade reliance on land neighbours such as Turkey
Financial Times·
Business
Liechtenstein royals threaten lawsuit over dynasty reforms
Feud in Europe’s wealthiest monarchy deepens after Prince Alois tightens control over family members
Financial Times·
Business
Medical AI has a proof problem
The technology’s advances have not yet translated into big improvements in real-life care
Financial Times·
Business
OpenAI breached by researchers using Anthropic models
Security company hacked into AI lab using tools from its rival
Financial Times·
Business
OpenAI’s listing delay raises stakes for SoftBank’s $50bn data centre IPO
Initial public offering of SB Energy set to test investor appetite for Masayoshi Son’s AI gamble
Financial Times·
Business
Early Bowie music available to stream for first time
Previously unheard material from the start of the artist's career has been released for the first time.
BBC Business·
Business
We bought our £242,000 home without a deposit - here's how
The share of UK mortgages with smaller deposits is the highest it's been since 2008. The BBC spoke to borrowers about how they manage the risks.
BBC Business·
Business
The virtual worlds where robots are trained
Training systems that allow robots to negotiate the real world are getting more sophisticated.
BBC Business·
Business
The Guardian view on EU-Canada relations: strategic ambition with lessons for Britain | Editorial
Mark Carney’s response to the challenges posed by an unreliable US president contains a clarity of vision that is lacking in post-Brexit Britain There is no “associate membership” of the European Union, nor any blueprint for what such a thing might involve. It is a political…
The Guardian Business·
Business
Warm words on Canada's EU 'associate membership' but no guarantees
There is no certainty that the idea will ever get off the ground, let alone become a blueprint for other countries, writes the BBC's Katya Adler.
BBC Business·
Business
Microsoft fund backs British AI predictions start-up Mantic
A London-based start-up which claims to have built an AI system capable of predicting global events has raised funds from a group of investors including Microsoft's ventures arm.
Sky News Business·
Business
Revolut reportedly facing $3m ransom demand after hackers steal hundreds of customers’ data
Europe’s largest financial technology company confirmed it had fallen victim to an impersonation scam last week Revolut is facing a reported $3m (£2.2m) ransom demand after hackers posing as government officials accessed the data of hundreds of the bank’s cryptocurrency…
The Guardian Business·
Business
The Bank of England is shaking up its bond sales – why does it matter?
What the plan to sell £146bn in gilts back to the Treasury means for the public finances Bank of England holds interest rates Burnham’s talk of ‘breathing space’ at odds with reality of future rate rises Mixed in with the Bank of England’s decision on Thursday to hold interest…
The Guardian Business·
Business
Barclays workers ask for more money to return to the office
Unite union, which represents 36,000 Barclays staff, calls for a one-off payment to offset increased travel and childcare costs.
BBC Business·
Business
British Steel losing £1.3m a day - and there is no 'credible' survival plan, MPs warn
The government must publish a "credible" plan for the future of British Steel, MPs have warned.
Sky News Business·
Business
Burnham’s talk of ‘breathing space’ at odds with reality of future Bank rate rises
PM’s push to cut cost of living threatened by rising inflation and government borrowing costs as geopolitics hit home Bank of England holds interest rates The Bank is shaking up its bond sales – why does it matter? Business live – latest updates Good luck to Andy Burnham…
The Guardian Business·
Business
Trump says the US doesn’t need Canada. But it’s the source of key minerals for the military | Vince Beiser
Trump himself has acknowledged the US need for Canadian aluminum – and has largely exempted metals from new tariffs As trade talks with Canada shambled toward collapse in late August, Donald Trump brayed on Truth Social: “WE DON’T NEED CANADA, THEY NEED US!” But in fact, Canada,…
The Guardian Business·
Business
British people understand the climate crisis threat. Today I’m empowering them to tackle it | Andy Burnham
With nearly £30m of funding, I’m giving communities power over local energy. They know the gravity of global heating, and they want to be part of the solution Andy Burnham: UK must fully commit to reaching net zero by 2050 On the day I became prime minister, I pledged to bring…
The Guardian Business·
Business
I sent 200 LinkedIn messages and got a job: How to nail networking
From coffee chats to LinkedIn messages, here's how to network your way to your next job.
BBC Business·
Business
Trump’s love of fossil fuels is about more than money | Moira Donegan
The US decision to remove limits on coal and gas plant emissions is rooted in a perception of manliness in these industries You can impress a certain kind of person at a party by reciting the fact that there are more yoga instructors in the US than there are coalminers. In fact,…
The Guardian Business·
Business
Controversial ex-Post Office chief resurfaces at Flying Tiger-owner
Nick Read, the controversial former Post Office chief who was lambasted by MPs over his pay demands, has resurfaced at Modella Capital, the investment firm which has snapped up swathes of the British high street.
Sky News Business·
Business
Uncontrolled AI could lead to 'silicon species' rivalling humans, warns Microsoft
Mustafa Suleyman says he believes rival AI firm Anthropic is in effect teaching Claude it "may be conscious".
BBC Business·
Business
Bank of England issues stark warning on energy price hike ahead
On the face of it, you could be fooled into thinking that nothing had changed.
Sky News Business·
Business
Payments company Ryft lands £20m funding for expansion push
A Manchester-based payments company which counts the Disasters Emergency Committee among its users has landed a £20m funding round anchored by Gresham House, the privately held asset manager.
Sky News Business·
Business
OpenAI reveals six more safety issues and unveils plan to disclose incidents
The firm also announced a new system to track, investigate and disclose cases of models misbehaving, or "misalignment".
BBC Business·
Business
US interest rates raised for first time in three years
Rates were hiked in a unanimous decision despite fierce opposition from President Donald Trump, who had called for a cut.
BBC Business·
Business
Snapchat open to putting time limits on teens, boss tells BBC
Evan Spiegel says it would be "an important step forward for the industry" in an interview with the BBC.
BBC Business·
Business
Trump demands interest rate be lowered 'fast' after Fed announces hike
The US Federal Reserve has hiked the interest rate for the first time in three years, prompting Donald Trump to furiously demand they be lowered.
Sky News Business·
Business
Data centre quartet make switch to Astor with €5bn pipeline
A quartet of executives will this week unveil a multibillion-pound European data centre venture amid urgent demand to address capacity shortfalls in AI infrastructure development.
Sky News Business·
Business
Burnham to delay flagship investment summit until next year
Andy Burnham has shelved Sir Keir Starmer's plan to hold a flagship investment event later this year, with the next summit expected to take place outside London as part of the prime minister's effort to shift economic power into Britain's regions.
Sky News Business·
Business
No need for new laws on AI, says Nvidia boss
The CEO of Nvidia has said there is no need to introduce regulations in the AI sector, following widespread concerns over safety.
Sky News Business·