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cnbc.com
CNBC Daily Open: Netflix shows how it's done despite earnings miss
Even as the streaming giant's earnings stumbled during that period, Netflix is still showing other media companies how it's done.
cnbc.com
Asia markets fall as investors assess Japan trade data; Softbank plunges over 10%
Investors will focus on Japan's new government and key export data out of Tokyo.
cnbc.com
Japan's shipments to the U.S. continue to tumble despite trade deal — overall exports rebound
Japanese exports in September snapped four months of declines, climbing 4.2% year on year, as shipments to Asia saw robust growth.
bbc.com
ChatGPT-maker OpenAI releases browser in attempt to rival Google
ChatGPT Atlas was unveiled as the company seeks new ways to corral users to its online offerings
bbc.com
The £5.30 orange juice that tells the story of why supermarket prices are sky high
Butter, chocolate, coffee and milk have all seen prices rocket. Tracing back through the story of one particular supermarket staple begins to explain why
bbc.com
What are the National Minimum Wage and National Living Wage and how much are they worth?
Three and a half million low-paid workers across the UK benefit from minimum wage rates.
bbc.com
Our biggest competition is screens at home, says theme park boss
Merlin Entertainments Fiona Eastwood sits down for the BBC's Big Boss Interview.
theguardian.com
No major banks have yet committed to stop funding new oil, gas and coal, research finds
‘The objectives of the Paris agreement are slipping further out of reach,’ say researchers from LSENo major bank has yet committed to stop funding new oil and gas fields or coal capacity, research has found.Most banks that have recently updated their climate policies have weakened them, according to the research by the TPI Global Climate Transition Centre (TPI) at the London School of Economics and Political Science (LSE). Continue reading...
bbc.com
Walmart halts job offers for H-1B visa candidates
Walmart is pausing hiring those who require H-1B visas in response to the Trump administration's new $100,000 fee.
cnbc.com
Netflix shares drop after streamer misses earnings estimates, citing Brazilian tax dispute
Shares of Netflix fell after the company posted a third-quarter earnings miss, citing a tax dispute with Brazilian authorities.
theguardian.com
Water firms in England could face harsher sewage fines under new Environment Agency powers
Government consults on allowing regulator to use lower civil standard of proof and introducing automatic penaltiesWater companies in England could face more, and automatic, fines for sewage dumping under new Environment Agency powers.The government is consulting on allowing the regulator to use a lower, civil, standard of proof instead of the higher criminal standard, for minor to moderate environmental offences. Continue reading...
bbc.com
Community group continues to fight food poverty
Positive Community Action (PCA) also delivers food to families experiencing financial hardship.
cnbc.com
Beyond Meat soars 146% after addition to meme ETF, Walmart deal
Plant-based alternative meat company Beyond Meat will expanded distribution across the United States through an agreement with Walmart.
cnbc.com
GM stock soars 15% as automaker raises guidance, beats Q3 earnings
GM's outlook signals strength for the automaker heading into the fourth quarter and beats Wall Street analysts' current expectations.
cnbc.com
Coca-Cola tops earnings and revenue estimates but says demand for drinks is still soft
Shares of Coke have risen nearly 10% this year, increasing its market value to around $295 billion.
bbc.com
Warner Bros Discovery explores sale citing buyer interest
The announcement sets the stage for a potential bidding war over the US media conglomerate that owns HBO, CNN and other networks.
cnbc.com
Investor Lauren Taylor Wolfe says we are 'absolutely' in an AI bubble now
Lauren Taylor Wolfe, co-founder of Impactive Capital, said the surge in enthusiasm around artificial intelligence has all the markings of a bubble.
theguardian.com
How Rachel Reeves could balance Britain’s books and lower inequality | Letters
Caitlin Boswell lays out measures that would make taxation fairer and improve lives. Plus letters from Rachel Sharp, Dr Tim Owen and Paul McGilchristRachel Reeves has said that higher taxes on the wealthy will be a part of the story at the autumn budget (Report, 15 October). The government must use this moment to ensure that the super-rich contribute their fair share rather than cutting services that impact the poorest and most marginalised.We all want the same things: thriving communities, good jobs and a future that we can look to with hope. But the rules have been rigged by the super-rich and powerful, allowing them to hoard wealth while the rest of us scrape by. This is fuelling division at a time when people desperately need meaningful change. Continue reading...
cnbc.com
Amazon continues expansion of ultrafast 15-minute delivery to UAE after India launch
The service promises to drop off "everyday essentials" to shoppers doorsteps in 15 minutes, or as little as 6 minutes in some neighborhoods.
cnbc.com
European markets close higher as defense stocks whipsaw; Novo Nordisk shares slip 1.3%
European stocks straddled the flatline on Tuesday, building on positive momentum from the start of the week.
theguardian.com
When restaurateurs go rogue: is it right to lambast locals who won’t come and dine with you?
An Italian restaurant shut up shop last week, with an angry and disappointed farewell note, blaming ‘neighbours’ for a lack of support ...Name: Unappreciative customers.Age: In the case of Don Ciccio, six years. Continue reading...
bbc.com
Wegovy maker's board shaken up as directors quit
The departures followed a disagreement between the board and its majority shareholder over future governance.
cnbc.com
Warner Bros. Discovery says it's open to a sale; shares jump 10%
WBD had planned to split into two separate entities and is not abandoning those plans.
theguardian.com
‘Significant exposure’: Amazon Web Services outage exposed UK state’s £1.7bn reliance on tech giant
Cloud computing disruption highlights risk of deepening ties despite warnings from UK’s own regulators, including the TreasuryAmazon chief executive Andy Jassy beamed as he met Keir Starmer in Downing Street’s garden to announce £40bn of UK investments in June. Starmer was equally effusive, gushing: “This deal shows that our plan for change is working –bringing in investment, driving growth, and putting more money in people’s pockets.”Four months later, and the tech company was left scrambling to fix a devastating global outage on Monday that left thousands of businesses in limbo – and shed light on the UK government’s reliance on its cloud computing business, Amazon Web Services (AWS). Continue reading...
theguardian.com
Reeves says economic damage caused by Brexit forcing her to take action in budget
Chancellor, who is expected to announce tax rises and spending cuts, says effect of leaving bloc worse than predictedRachel Reeves has blamed a heavier than anticipated blow from Brexit and austerity for forcing her to take action to balance the books at next month’s budget.In her clearest attempt to draw Brexit into the framing of her imminent tax and spending decisions, the chancellor said leaving the EU was turning out to have caused more damage than official forecasters had previously outlined. Continue reading...
cnbc.com
Novo Nordisk chair and directors quit after boardroom rift
Novo Nordisk directors and the firm's controlling shareholder failed to reach an agreement on the future composition of the board.
bbc.com
Bank chief says US firm collapses ring 'alarm bells'
The Bank of England governor says the collapse of two US firms could be a sign of wider problems in the financial sector.
theguardian.com
Wegovy maker Novo Nordisk’s chair and six other board members step down
Surprise shake-up follows row with majority shareholder, which seeks ‘extensive reconfiguration’Business live – latest updatesThe chair of Wegovy maker Novo Nordisk, Helge Lund, and six other board members are stepping down in a surprise shake-up, after a row with the company’s majority shareholder.The Danish manufacturer of the blockbuster anti-obesity jab, and the diabetes drug Ozempic, said Lund, the vice-chair, Henrik Poulsen, and five independent board members would quit at an extraordinary meeting on 14 November. Continue reading...
bbc.com
Pizza Hut reveals locations where restaurants will close
Administrators said the business had been hit by "challenging trading conditions and increased costs".
theguardian.com
UK office, shop and warehouse construction plunges to 11-year low as costs soar
Investment in offices falls amid uncertainty over pricing, volatile geopolitics and the economyBusiness live – latest updatesConstruction of offices, shops and warehouses in the UK has fallen to the lowest level in more than a decade amid rising build costs and general uncertainty.All commercial sectors have been hit, with construction across office, retail and industrial sectors down by 21% to 5.85m sq metres (63m sq ft) in the third quarter compared with a year earlier, according to the latest data from CoStar. Continue reading...
bbc.com
Reeves plans to 'scrap needless form filling' for firms
The chancellor acknowledged that for many people the economy was "not working as it should" and said the reforms would boost growth.
theguardian.com
Bank of England chief warns of ‘worrying echoes’ of 2008 financial crisis
Andrew Bailey says a close look is needed at the private credit market after collapse of two big US firmsThe governor of the Bank of England, Andrew Bailey, has warned recent events in US private credit markets have worrying echoes of the sub-prime mortgage crisis that kicked off the global financial crash of 2008.Appearing before a House of Lords committee, the governor said it was important to have the “drains up” and analyse the collapse of two leveraged US firms, First Brands and Tricolor, in case they were not isolated events but “the canary in the coalmine”. Continue reading...
theguardian.com
General Motors lifts financial forecast as Trump tariff outlook improves
Detroit automaker expects 2025 adjusted core profit to be between $12bn and $13bn as it faces weakening EV marketGeneral Motors lifted its financial outlook for the year and slightly lowered its expected hit from tariffs, as the automaker awaits expected relief on tariffs in the US while confronting a weakening market for electric vehicles.The company now expects its annual adjusted core profit to be between $12bn and $13bn, compared with its prior estimate of $10bn to $12.5bn. The Detroit automaker said tariffs would hit its bottom line less than anticipated, lowering the updated impact to a range of $3.5bn to $4.5bn, from a previous $4bn to $5bn. Continue reading...
cnbc.com
China says U.S. and Australia 'should play a proactive role' to bolster rare earths supply chains
China’s Ministry of Foreign Affairs on Tuesday said resource-rich countries should play a proactive role in bolstering their rare earth supply chains.
theguardian.com
Pizza Hut administration: the 68 restaurants that will close
US company Yum! Brands appoints FTI as administrators to oversee deal that will preserve 1,276 jobsBusiness live – latest updatesThe locations have been revealed of 68 Pizza Hut restaurants that will close after the company behind its UK venues fell into administration.They are across the country, from Finchley Lido in London to Carlisle in Cumbria and Rhyl in north Wales.Ashton, LancashireBeckton, LondonBolton, LancashireBournemouth, DorsetBradford Vicar Lane, West YorkshireBrighton Marina, East SussexAspects Leisure Park, BristolCardiff, South GlamorganCarlisle, CumbriaChatham, KentClacton, EssexCortonwood, South YorkshireCrawley, West SussexCribbs Causeway, South GloucestershireCroydon, SurreyDudley, West MidlandsDundeeDurhamEastbourne, East SussexHanover Street, EdinburghFountain Park, EdinburghKinnaird Park, EdinburghEnfield, MiddlesexFalkirk, ScotlandFeltham, MiddlesexFinchley Lido, LondonGreat Yarmouth, NorfolkGreenwich, LondonGrimsby, LincolnshireHartlepool, ClevelandHayes, MiddlesexHereford, HerefordshireHuddersfield, West YorkshireHull, East YorkshireInverness, ScotlandKettering, NorthamptonshireKidderminster, WorcestershireLancaster, LancashireLeeds Colton Mill, West YorkshireLeeds Kirkstall Road, West YorkshireLeeds White Rose, West YorkshireLiverpool, MerseysideLlanelli, DyfedLowestoft, SuffolkManchester Fort, LancashireMiddlesbrough, ClevelandNorwich, NorfolkOldham, LancashirePortsmouth, HampshirePreston, LancashireReading Gate, BerkshireRhyl, ClwydRochdale, LancashireRomford, EssexRussell Square, LondonScunthorpe, LincolnshireShrewsbury, ShropshireSilverlink, Tyne & WearSolihull, West MidlandsSt Helens, MerseysideStratford-upon-Avon, WarwickshireThanet, KentTower Park, DorsetTruro, CornwallUrmston, LancashireWellingborough, NorthamptonshireWigan, LancashireYeovil, SomersetAylesbury, BuckinghamshireBletchley, Milton KeynesCoventry North, West MidlandsCoventry West, West MidlandsDunstable, BedfordshireLeighton Buzzard, BedfordshireLuton, BedfordshireMilton Keynes, BuckinghamshireRugby, WarwickshireUxbridge, MiddlesexWolverton, Milton Keynes Continue reading...
cnbc.com
Japan makes history as Takaichi set to become the country's first woman prime minister
Sanae Takaichi created history on Tuesday, winning Japan's parliamentary vote to become the country's first woman prime minister.
bbc.com
My house cost $150,000 more to build even before new tariffs hit
Tariffs on furniture and lumber could intensify the US housing market's woes and push up prices.
bbc.com
Highest government borrowing in September for five years
Higher interest payments offset increased revenue from tax and national insurance, the UK statistics body says.
theguardian.com
Delhi cloaked in smog the day after Diwali – video
Delhi awoke to a thick haze the morning after the Diwali festival, when people across the country let off fireworks and firecrackers to celebrate the festival of lights. It marked the beginning of the pollution season, which has become an annual blight on India’s capital.The sudden decline in air quality came after the newly elected regional Delhi government relaxed the rules around fireworks and firecrackers, citing religious tradition. The sale and bursting of firecrackers had been banned since 2020 in Delhi during Diwali due to their contribution to the deadly smog that engulfs the city as winter sets in Continue reading...
theguardian.com
On the trail of the guano miners – in pictures
Guano, a fertiliser derived from seabird excrement, enriched Peru in the 19th century and was shipped around the world in huge quantities. On Santa Island, north of Lima, workers still mine it in the toughest of conditionsPhotographs by Ernesto Benavides/AFP/Getty Images Continue reading...
cnbc.com
CoreWeave CEO says Core Scientific 'not a need to have' as shareholder opposition to deal rises
Shareholders have raised opposition to CoreWeave's acquisition of Core Scientific saying the price is too low.
theguardian.com
David Blunkett backs proposal for skilled migrants to train British workers
Ex-home secretary says ‘work and teach’ visa, which thinktank finds could help reduce public concerns about immigration, is a ‘serious, pragmatic plan’The former UK home and education secretary David Blunkett has backed calls for skilled migrants to train British workers in an effort to improve public feeling towards immigration.A report by the Good Growth Foundation, a thinktank with links to Labour ministers, has called for the creation of a visa route where skilled migrants spend part of their time mentoring and training British workers. Continue reading...
theguardian.com
Reeves has mountain to climb in budget after borrowing rise
Public finances figures contain no shocks but will underline need for either hefty tax rises or spending cutsUK borrowing reaches five-year high for September at £20.2bnBusiness live – latest updatesRachel Reeves has already seen the most significant numbers setting the backdrop for next month’s budget – the Office for Budget Responsibility’s (OBR) forecasts for five years’ time, when her fiscal rules are judged.But September’s public finances data, published on Tuesday, will hardly have lightened the mood in No 11 as she draws up plans for tax rises and spending cuts. Continue reading...
bbc.com
Postmasters call for retrial of convicted murderer
They are backing calls for the case of a sub-postmaster convicted of killing his wife to be re-examined.
theguardian.com
The Tories set a tax trap and Rachel Reeves walked straight into it. It may be her defining mistake | Chris Mullin
By taking Jeremy Hunt’s NI cuts and ruling out other rises, Labour tried to out-Tory the Tories. And made a bad situation worseKeir Starmer and Rachel Reeves have only themselves to blame for the mess they are in over tax. The key moment was not the defenestration of their welfare bill or the uprising over pensioners’ winter fuel payments. The die was cast more than a year earlier.In January 2024, the then chancellor Jeremy Hunt implemented a cut in employee national insurance contributions. Four months later he announced a further reduction from 10% to 8% and even hinted that he was considering abolishing employee contributions altogether. It was the mother of all election bribes, costing the exchequer about £10bn a year. It was also entirely cynical, offered in the absolute confidence that the Tories would not be in office long enough to grapple with the consequences. Had they by any chance won the election, he would have had to recoup the tax revenue forgone by either tax increases or by further swingeing cuts to the public sector.Chris Mullin is a former Labour minister and the author of four volumes of widely acclaimed diaries Continue reading...
cnbc.com
This couple left their jobs to travel 160,000 km across the world in their Land Rover
The duo left their jobs to travel the seven continents mainly in a Land Rover on a self-funded trip, which they then monetized on social media.
theguardian.com
Australia and the US have signed a critical minerals deal to take on China’s monopoly. Here’s what you need to know
The move is intended to support the supply of minerals to benefit both countries’ commercial and defence industries – and shareholders are already profitingGet our breaking news email, free app or daily news podcastAustralia and the US have signed a critical minerals deal designed to break China’s near complete hold over materials essential to commercial, clean energy and advanced military hardware.Anthony Albanese and Donald Trump have committed to each provide at least US$1bn ($1.54bn) towards a $US8.5bn ($13bn) pipeline of projects in both countries over the next six months to feed their commercial and defence industries. Continue reading...
cnbc.com
Thyssenkrupp warship spinoff TKMS taps into Europe’s defense boom with Frankfurt IPO
Thyssenkrupp spin-off TKMS is looking to raise capital and expand capacity amid a ramp-up in defense spending in Europe.
bbc.com
Minimum wage rise needed 'as prices getting high'
The public shares its views on a 9.9% Isle of Man minimum wage rise set to be voted on by Tynwald.
bbc.com
Cooking classes to follow free air fryer giveaway
Thousands of air fryers have been handed out to pensioners and families in North Lincolnshire.
theguardian.com
Ed Miliband’s new green jobs will bring Britain hope. I dare Reform to denounce them | Polly Toynbee
While Nigel Farage promotes retro plans to reopen coalmines, will he really tell thousands of clean energy workers to leave their well-paid, local jobs?This government is bad at proclaiming what it’s for. But to find out, follow the money. Its boldest investment is in green energy, designed to create prodigious returns in economic growth, employment, training, climate action and more. So far it has been hard to sell. Wafty talk of greenness passes most people by, and “whose growth is it, anyway?” is a realistic question in a country of stagnant pay and public decay. But, this week, Ed Miliband put flesh on the green words, making jobs and projects concrete. A very big number of green jobs – 400,000 by 2030 – are set to be created in 31 “priority occupations”, from welders to production managers, plumbers and joiners, everywhere from Centrica’s £35m state-of-the-art training academy in Lutterworth to Teesside’s net-zero decarbonisation cluster.This is what a Labour industrial strategy should look like. Nigel Farage’s retro campaign for this week’s Caerphilly byelection promises to reopen Welsh coalmines. But well-paid, clean, green-energy jobs within their home districts are what Miliband’s Doncaster North constituents want, the minister tells me, not sending young people down reopened mines. Government figures show wind, nuclear and electricity jobs pay more than most – the average advertised salary in the wind sector is £51,000 a year, against an average £37,000. Unions, once sceptical and fearful of losing jobs in unionised industries, now sign up with guarantees that any new plant getting grants must “support greater trade union recognition” and a fair work charter.Polly Toynbee is a Guardian columnist Continue reading...
theguardian.com
‘I knew in my head we were dying’: the last voyage of the Scandies Rose
When a fishing boat left port in Alaska in December 2019 with an experienced crew, an icy storm was brewing. What happened to them shows why deep sea fishing is one of the most dangerous professions in the worldThe Scandies Rose fishing boat set out to sea from Kodiak, Alaska on 30 December 2019 with a crew of seven, into weather as bad as anything December could throw. “It was enough of a shitty forecast,” said one of the crew in later testimony, “I didn’t think we were going to leave that night.” At 8.35pm, fierce, frigid winds were blowing. Some boats stayed in harbour but the Scandies Rose still set out. “We knew the weather was going to be bad,” said deckhand Dean Gribble, “but the boat’s a battleship, we go through the weather.”The boat was carrying 7,000kg of bait and was headed north towards the Bering Sea. “She was trim, said Dean, and a good boat. Gary Cobban was a good captain.” One of the last jobs before departure was to stack the crab pots properly. There were 198 on board. That is a heavy load but not unusual. Each pot measured more than 2 metres by 2 metres. “Big, heavy fucking pots,” Gribble said. Continue reading...
theguardian.com
Britain is suddenly pining for closer ties with the EU. It’s more likely to get the cold shoulder | Anand Menon
Labour now wants to use the damage from Brexit to combat the threat of Nigel Farage, but the union has bigger fish to fryA palpable sense of urgency has emerged in the UK’s approach to relations with the European Union. Ministers are beginning to sound enthusiastic, impatient even. The chancellor of the exchequer, Rachel Reeves, has even pointed to Brexit as a major cause of the country’s economic travails. You might think that this bodes well for prospects of improved UK-EU relations. But – and here’s the rub – enthusiasm on one side is not enough to drive substantive progress.In opposition, Labour shadow ministers and spokespeople were understandably reluctant to add flesh to the bones of their intention to “reset” relations with the EU. More detail was provided at the summit in May this year, as the two sides not only signed off a long-term deal on fisheries but declared their intention to negotiate further agreements covering agrifoods, energy and defence.Anand Menon is director of UK in a Changing Europe and professor of European politics and foreign affairs at King’s College London Continue reading...
theguardian.com
The seed bank storing the planet’s future – podcast
As biodiversity declines, locating and conserving the planet’s plant life is becoming more important. The Millennium seed bank in Wakehurst, West Sussex, has been doing just that for 25 years, collecting and storing seeds and keeping them in trust for countries all over the world should they ever be needed. To mark the anniversary, Patrick Greenfield took a tour of the site. He tells Madeleine Finlay about the journey a seed takes from arrival to cold storage, and how some are already helping to return endangered plant species to the wildSupport the Guardian: theguardian.com/sciencepod Continue reading...
theguardian.com
‘I’m having a great day’: AWS outage offers some a brief glimpse of a tech-free existence
There was a different side to the chaos of the Amazon outage that affected crucial services around the world, such as no exams, light switches not working, and less work to doWorkers were sent home, exams were delayed, coffee machines had to be turned on manually and language app users feared their hard-won progress was lost as a result of the global outage of Amazon Web Services on Monday, as some made light of their briefly tech-free existence.A glitch in the AWS cloud computing service brought down apps and websites for millions of users around the world affecting more than 2,000 companies, including Snapchat, Roblox, Signal and language app Duolingo as well as a host of Amazon-owned operations. Continue reading...
bbc.com
Amazon outage 'resolved' as Snapchat and banks among sites impacted
Platform outage checker Downdetector said the issues have impacted more than 1,000 different businesses.
cnbc.com
AWS services recover after daylong outage hits major sites
Downdetector previously showed user reports of problems at sites including Amazon, Snapchat, Disney+, Reddit and Canva.
bbc.com
What's the best way to detect and destroy drones?
Tech firms are developing more affordable ways to detect and destroy drones.
theguardian.com
Labour urged to rethink scrapping minimum wage youth rates amid ‘Neets’ rise
Thinktank fears 16- to 24-year-olds not in education, employment or training could be ‘priced out’ of entry-level jobsLabour has been urged to break a manifesto pledge to scrap youth rates of the minimum wage amid a dramatic rise in the number of young people out of work and education.In a report sounding the alarm over a sharp increase in the number of 16- to 24-year-olds who are not in education, employment or training (Neet), the Resolution Foundation urged Labour to change course to avoid them being “priced out” of entry-level jobs. Continue reading...
theguardian.com
Millions in households in England and Wales are stuck in the red, says charity
Citizens Advice says 4 million people spending more on essentials than they earn amid ever-increasing billsFour million people in England and Wales are in households trapped in a negative budget, meaning that they spend more on essentials than they earn, Citizens Advice has warned.At a time when bills for food, energy and housing are all increasing, the debt charity said that on top of the millions who are stuck in the red a further 580,000 were at risk of falling into crisis, with just £50 left at the end of the month. Continue reading...
cnbc.com
White House economic advisor Hassett says shutdown could end this week
The government shutdown is dragging on with no clear end in sight amid a partisan Senate fight over health tax credit funding and other sticking points.
bbc.com
Spike in Disney+ cancellations after Kimmel suspension
New data shows subscriptions dropped considerably after the late-night host’s temporary removal.
cnbc.com
Rare earths make gains amid battle to beat China’s dominance
Shares of U.S.-listed companies related to the rare earth supply chain climbed on Monday.
cnbc.com
U.S. and Australia sign critical minerals agreement with $8.5 billion project pipeline
The projects include rare earths processing, Australian Prime Minister Anthony Albanese said at the White House during a meeting with President Donald Trump.
cnbc.com
Apple closes at record after strong iPhone 17 sales report for U.S., China
The iPhone 17 series has outsold the iPhone 16 series by 14% in the U.S. and China within its first 10 days of availability.
cnbc.com
OpenAI cracks down on Sora 2 deepfakes after pressure from Bryan Cranston, SAG-AFTRA
OpenAI will also collaborate with United Talent Agency, Creative Artists Agency and Association of Talent Agents to ensure voice and likeness protections.
theguardian.com
US investigates Waymo robotaxis over safety around school buses
Top transport safety regulator to determine if self-driving vehicles failed to follow traffic laws for stopped busesThe US’s main transportation safety regulator said on Monday it had opened a preliminary investigation into about 2,000 Waymo self-driving vehicles after reports that the company’s robotaxis may have failed to follow traffic safety laws around stopped school buses.The investigation by the National Highway Traffic Safety Administration (NHTSA) is the latest federal review of self-driving systems as regulators scrutinize how driverless technologies interact with pedestrians, cyclists and other road users. Continue reading...
theguardian.com
Nasa looks to other companies for US moon program as Musk’s SpaceX lags behind
Nasa head said agency is opening up contracts for crewed lunar program Artemis after SpaceX had to delay timelinesNasa is looking to contract with other companies for its crewed lunar program as Elon Musk’s SpaceX is “behind” on its timeline, the space agency said on Monday.In an interview with CNBC, Sean Duffy, transportation secretary and interim head of Nasa, said the agency was “not going to wait for one company” as it pushes forward with its Artemis program to get astronauts on to the moon. Continue reading...
theguardian.com
Labour’s clean energy plan needs a revamp: get real on costs and ignore the artificial deadline | Nils Pratley
Would long-term strategy be imperilled if, say, only 80% of UK electricity generation was low carbon by 2032? Hardly“I know my job is to get bills down by £300,” said Ed Miliband, the energy security secretary, in his BBC interview at the weekend, acknowledging that the government is on the hook for its pre-election promise to reduce energy bills by 2030.The problem, though, is that the bill-cutting task also seems to be falling by default to Rachel Reeves, the chancellor. It is beginning to look as if the only sure way to make energy bills fall by £300 by 2030 is to shuffle a chunk of the expense into general taxation. Miliband hinted the 5% VAT charge on bills could be removed in next month’s budget, which would cost the government £2.5bn. Continue reading...
bbc.com
Pizza Hut to close 68 UK restaurants
The move will lead to more than 1,200 redundancies, but 64 other restaurants will be saved.
theguardian.com
The budget, the black hole and the Brexit blame game – podcast
Rachel Reeves is facing difficult choices before her second budget next month and has been busy preparing the ground. In a significant shift in the government’s narrative, Reeves has – at last – stressed the long-term damage done to the UK economy by Brexit. Pippa Crerar and Kiran Stacey discuss the options available to the chancellor and whether the pivot to blaming Brexit will convince the public. Plus, what a foul-mouthed meeting tells us about Reform, why the imminent result of Labour’s deputy leader contest matters, and what parliament can do about Prince Andrew.Send your thoughts and questions to politicsweeklyuk@theguardian.com Continue reading...
cnbc.com
European markets closed higher on Monday; defense stocks led gains
European stocks started the new trading week on a positive note, with the region's defense names leading Monday's gains.
bbc.com
Penguin and Club bars can no longer be called chocolate
The rising cost of cocoa has led to the manufacturers changing their recipe.
theguardian.com
‘A punch in the face’: Germany’s dash for gas raises questions over climate targets
Plans for a fossil fuel project in Wadden Sea nature reserve have angered local people and campaigners, as political enthusiasm for renewables wanesPeering out on a clear day from the windswept dunes that dapple the north-western tip of Germany, on a gull-shaped island in the Wadden Sea nature reserve, tourists hoping to spot seals may soon see a dark metal platform rise out of the water.The planned structure is one of several fossil fuel projects that Germany is pushing to build despite a legal deadline to stop polluting the atmosphere with carbon emissions in 20 years’ time. The joint Dutch-German venture, which received the green light from regional authorities last month, seeks to extract 13bn cubic metres of gas from just outside a protected area at the marine border between the two countries. Continue reading...
theguardian.com
SlimFast’s European arm sold after struggling to compete with weight-loss drugs
Typhoo tea owner Supreme acquires business from Irish nutrition and food firm Glanbia for £20mThe owner of Typhoo tea has snapped up SlimFast’s UK and European business in a £20.1m deal as it seeks to expand in the weight management market despite fierce competition from GLP-1 weight-loss jabs.The Irish nutrition and food company Glanbia has sold the low-calorie meal replacement shakes business to the British company Supreme after putting it up for sale earlier this year. Sales at the European operations have dropped, weighing on stronger trading in the US. Continue reading...
cnbc.com
Trump’s 100% movie tariff threat risks dealing a heavy blow to Britain’s already struggling film industry
Britain’s film sector, already struggling with slow box office recovery and rising costs, faces fresh uncertainty if U.S. tariffs target foreign-made movies.
cnbc.com
Trump calls for Ukraine to be carved up with Russia after tense meeting with Zelenskyy
Trump appears to be seesawing in his support for Ukraine, following his phone call with President Vladmir Putin last Thursday.
cnbc.com
Amazon Web Services outage hits airlines, disrupting check-in
Delta Air Lines and United Airlines weren't working fully in Monday's disruption of Amazon Web Services, a backbone of many sites.
bbc.com
Charity starts 'new chapter' with larger premises
The Droitwich Community Pantry and Fridge aims to tackle food waste and assist families in need.
theguardian.com
‘A monument to kindness’: the rise of Britain’s community cinemas
With more than 1,600 screens, people share how local-run venues are taking them on a film-worthy adventureThirty years ago, the battle to save a cinema would take Jan Dunn and her community on an adventure worthy of a film itself.When she heard that the Apollo, the last cinema in the area, was closing, she got together with a group of women who rescued it from demolition, and so was born the Plaza community cinema, run by volunteers and a handful of employees. Continue reading...
bbc.com
Chancellor says Brexit deal caused long-term damage to economy
Rachel Reeves made the comments about the 2020 deal at a key meeting of the world's leading finance ministers and central bankers.
bbc.com
China's economic growth slows as trade tensions with US flare up
Beijing has avoided any sharp downturn but faces economic challenges including US tariffs.
theguardian.com
Travelodge guest suffers sleepless night as hotel says it is ‘overbooked’
Customers told there is no room and sent miles away late at night, or forced to spend the small hours on the streetIt seems Travelodge sometimes overbooks rooms – a policy that causes extra cost and distress and is potentially dangerous for vulnerable guests.I am 77 and had prepaid for a room in Oxford. The hotel manager called me at 10pm to ask if I still needed it. I confirmed I was arriving within the hour. Continue reading...
bbc.com
Housing secretary says 'job on the line' over 1.5m housing target
Housing secretary tells BBC Panorama widespread scepticism will make hitting target "all the sweeter".
theguardian.com
What’s gone wrong at WPP? The crown slips at world’s biggest advertising group
Exodus of big clients, falling profits and dire forecasts raise prospect of a once ‘unthinkable’ breakupA dark joke is doing the rounds in adland that the original Wire and Plastic Products, the small Kent-based basketmaker that Martin Sorrell bought 40 years ago as a stock market-listed vehicle to build WPP, might outlast the advertising giant itself. Now named Delfinware, and a maker of dish drainers with 10 employees, the business is 56 years old and privately held, while the listed global ads group that was once its parent struggles amid a changing corporate landscape.For decades the financial success and dominance of WPP – its 100,000 employees service global clients from Ford to Coca-Cola – has been the corporate manifestation of Britain’s shining reputation for creative advertising. Continue reading...
cnbc.com
China’s economy grows 4.8% in third quarter as expected, but investment sees 'rare and alarming' drop
Fixed-asset investment, which includes real estate, unexpectedly contracted 0.5% in the first nine months of the year as investment into infrastructure and manufacturing slowed.
theguardian.com
Will affordable housing be the casualty as London tackles its building emergency?
Collapse in construction activity causing alarm but mayor and Whitehall face pushback over ‘extreme solutions’Sadiq Khan has known for a while that he has a problem with housebuilding in London. But last week a consultancy published figures about the scale of the problem, which prompted full-scale alarm in City Hall and Whitehall.The analysis from Molior showed that new housebuilding in the capital had collapsed. Only 40,000 homes are under construction – two-thirds the normal rate – and in the first three months of the year builders started work on just 3,248 private sector units. Continue reading...
bbc.com
The two words you need to help you push back at work
Ambition and work ethic help us succeed, but how can we stop drive damaging our health?
cnbc.com
As secondhand luxury soars, authentication becomes a new gold standard
Secondhand fashion and luxury is gaining ground fast, with the global resale market expected to hit up to $360 billion by 2030 from about $210 billion now.
theguardian.com
Housing market slows amid fears Reeves will increase property taxes
Post-summer bounce in activity fails to materialise as buyers and sellers, in the south especially, opt to ‘wait and see’The UK’s housing market is showing signs of slowing down amid speculation that Rachel Reeves could announce tax increases on property in next month’s budget.In a sign of growing caution among house hunters, figures from Rightmove showed that both the number of new buyers contacting estate agents about homes for sale, and the number of new sellers coming to market, slumped by 5% in September compared with the same month a year earlier. Continue reading...
bbc.com
Protests and food poisonings test Indonesian president's first year in office
Prabowo Subianto's promises of dynamic economic growth and social change have faced major challenges.
bbc.com
China will soon have a new Five Year Plan. Here's how they have changed the world so far
Beijing's leaders are deciding on a blueprint that sets China's economic goals for the next decade.
bbc.com
Bankers on edge, a gilded cash room and US blaming China - my week with global finance elite
After five days talking to ministers, bankers and trade negotiators at the IMF, the BBC's Faisal Islam assesses the global outlook.
bbc.com
Ed Miliband hints at cut to VAT on energy bills
The energy secretary says the government needs to address the "cost-of-living crisis" facing the country.
theguardian.com
Suspected scam investment firms ‘exploiting Trustpilot review system’
Fake reviews, forged certificates and stolen corporate identities being used to lure victims, KwikChex findsSuspected scam investment companies are exploiting Trustpilot’s review system by giving themselves five-star ratings to persuade would-be investors that they are legitimate businesses, a report has warned.An investigation by the verification firm KwikChex found operators using fake reviews, forged certificates and stolen corporate identities to lure victims. Continue reading...
theguardian.com
‘Empty shelves, higher prices’: Americans tell of cost of Trump’s tariffs
US consumers say price rises caused by president’s tariffs contradict his promise to make life more affordableAs a mother of two, Paige Harris has noticed a change in the way she shops for her family.“Items that I have bought regularly have gone up in price steadily,” she said. “From hair dye to baby formula, our grocery list has gotten smaller while our budget has had to increase. Meats like steak are a no-go for our household.” Continue reading...
theguardian.com
Experiential entertainment is having a gold rush but commercial success is far from certain
As an immersive Hunger Games show opens in London, producers turn to bankable franchises, with mixed resultsWhen the first ever stage adaptation of the global book and film franchise The Hunger Games opens its doors in London next week, fans paying up to £200 have been promised an “electrifying” and “immersive” experience.The show at the purpose-built 1,200 seat Troubadour in Canary Wharf, which features Hollywood A-lister John Malkovich appearing via screen as the evil President Snow who oversees the televised spectacle of teenagers fighting to the death, is the latest in an explosion of launches looking to cash in on a boom in consumer demand for experiential entertainment, often linked to bankable franchises. Continue reading...
bbc.com
Betfred says all its shops may close if Reeves hikes gambling tax
The company's co-founder says it would be forced to close all its sites, putting 7,500 jobs at risk, if gambling taxes go up.
theguardian.com
The return of ‘Tescopoly’? How Britain’s biggest retailer dominates everyday life
Supermarket chain has quietly got its groove back to grab even more of shoppers’ spending this yearReach into your pocket and you will probably find evidence of Tesco. Whether it is a Clubcard, mobile phone or just a receipt from one of its 3,000 stores, the UK’s biggest retailer is engrained in everyday British life.As its chief executive, Ken Murphy, proudly proclaimed this month, the supermarket chain has grabbed even more of our spending this year, landing almost a third of all grocery sales and receiving more than £1 in every £10 spent in UK retail. Data released this week showed Tesco’s sales growth outgunning its traditional rivals. Continue reading...
theguardian.com
Energy clubs offer chance to reduce electricity bills by up to 30%
Energy Local, a non-profit, creates a way for customers to team up with green projects to get a better dealWith autumn now in full swing, shorter days and lower temperatures spell higher energy costs. However, an innovative social enterprise is doing its bit to help by offering people the chance to reduce their electricity bills by as much as 30%.Energy Local is a non-profit organisation that has created a way for people to benefit from local clean energy by teaming up with a renewable energy project in their area – it might be a wind turbine, solar farm or hydroelectric scheme – to get a better deal. Continue reading...
bbc.com
How nervous are investors about the stock market?
As shares remain high, investors have been jumping at signs of trouble.
cnbc.com
UK Finance Minister Rachel Reeves: November budget will respond to the global challenges we face
U.K. Chancellor Rachel Reeves cited the Russia-Ukraine conflict, the tensions in the Middle East, and the impact of global trade barriers as key challenges.
bbc.com
How to make money from your bank in time for Christmas
Martin Lewis explains how you can get up to £400 of free cash - by switching bank accounts.
bbc.com
How good is the battery in a used electric vehicle?
Companies are offering tech they say can accurately test the health of batteries in used EVs.
bbc.com
How will the EU's new border system work?
The EU's much-delayed Entry/Exit System will change the way UK passengers travel to 29 countries.
bbc.com
Why AI is being trained in rural India
Smaller Indian towns are becoming centres for training and correcting artificial intelligence models.
bbc.com
Netherlands' renewables drive putting pressure on its power grid
Homes asked to use less electricity as network is overloaded by the rush to wind and solar power.
bbc.co.uk
The Interview
Simon Jack speaks to Jamie Dimon, head of US bank JP Morgan Chase about the global economy
bbc.com
How Milei's 'Thatcherite' economics divided his nation - but won over Trump
Ahead of Milei's visit to the White House - amid protests and anger on the streets back at home - Ione Wells unravels the paradox that Argentina's president has created
bbc.com
Paraguay – the Silicon Valley of South America?
The country hopes to build a big tech sector, fuelled by its vast amount of cheap hydroelectricity.
bbc.com
How hackers forced brewing giant Asahi back to pen and paper
The maker of Japan's most popular beer, Super Dry, was hit by a major cyber-attack last month.
bbc.co.uk
Witness History
In 2001, economist Jim O’Neill wrote a report on countries set to shape the world economy
bbc.com
Has the clock stopped on Swiss US trade?
Swiss exporters are looking at new markets after being hit by heavy US tariffs.
bbc.co.uk
The Inquiry
Trump is embracing crypto, but is he building a new kind of American economy?
bbc.com
How you could get £700 for being mis-sold a car loan
Millions of people can now claim back around £700 after being mis-sold car finance between 2007 and 2024.
bbc.com
Food firms scramble to meet the high-protein craze
The dairy industry rallies and start-ups emerge thanks to the fashion for high-protein foods.
bbc.com
The indigenous weavers who aim for empowerment over exploitation
The makers of Colombia's popular mochila bags can earn good money, but are at risk of being underpaid.
bbc.com
The people turning to AI for dating and relationship advice
More people are turning to AI for help with their relationships, but is that a good idea?
bbc.com
Hurricane season brings financial fears in the Caribbean
As islands brace for this year's big storms, many homes don't have household insurance.
bbc.com
The picturesque Dutch village set to charge tourists an entry fee
Zaanse Schans, popular for its windmills, has a population of just 100 people - but more than two million tourists will have visited this year.
bbc.com
Zimbabwe is tobacco country. But some think the future lies in blueberries
"The future is food, not a bad habit," horticulture specialist Clarence Mwale tells the BBC.
bbc.com
'There's no way we can afford $100,000': Small firms scramble over H-1B visa fees
Startups and smaller firms could bear the brunt of Trump's new H-1B visa fee, and some fear it could thwart US innovation.
bbc.com
Trump's state visit is mired with potential pitfalls despite careful planning
Months of preparations have gone into this state visit - but the Lord Mandelson question is not the only concern troubling insiders.
bbc.com
The UK car industry is at a tipping point - can it be saved?
Tariffs, Brexit, pandemic havoc... All of this caused short-term disruption - but the impact concealed a deeper problem for the UK automotive industry
bbc.com
Trump's global tariffs 'victory' may well come at a high price
The US president considers it a win - but if this all triggers a foundational realignment, the results may not break in his favour
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