Lloyds Bank to cut £2bn in costs as part of AI-powered strategy
Lloyds Banking Group will cut another £2bn of costs as part of a four-year plan under which its chief executive will use new tech and AI to drive growth.
Crime & Courts
Digital euro app to incorporate highest accessibility standards
The European Central Bank has outlined the accessibility features of the digital euro app, which will allow users to access basic digital euro services. From the outset, accessibility and inclusion have been core design…
Shell’s profits more than double after jump in oil and gas prices
Shell more than doubled its profit in its second quarter of the year, as Europe’s biggest oil and gas company reaped the benefits from the jump in oil and gas prices triggered by war in the Middle East.
Weapons makers Rolls-Royce and BAE Systems expect higher profits as defence spending surges – business live
Rolls-Royce is not the only weapons company to report strong demand today: BAE Systems has also said that “sustained increases” in defence budgets around the world meant it had upgraded its profit forecasts.
Carmakers ‘delaying investment in UK factories until EV sales rules relaxed’
Carmakers are delaying final decisions to invest in UK factories until electric car sales rules are relaxed, according to the head of the British car industry’s lobby group.
Interest rates expected to be held again by Bank of England
UK interest rates are expected to be held at 3.75% for a fifth time by Bank of England policymakers.
Federal Reserve issues FOMC statement
The Federal Open Market Committee approved the following statement for release by a 9 â 3 vote:
Meta misses earnings forecasts after Zuckerberg media push to promote AI
Mark Zuckerberg’s media spree touting the positive effects of artificial intelligence did little to cushion the blow of Meta’s second-quarter earnings, which sent its stock tumbling on Wednesday.
TfL brings case worth up to £1bn against carmakers over Ulez compliance
Transport for London is pursuing a potential £1bn legal action against car manufacturers over vehicles that it argues should not have been allowed to drive freely in the capital’s clean-air zone.
US interest rates held for fifth time in a row
US interest rates have been held for the fifth time in a row by the Federal Reserve.
What happens here has a big impact on your money
Las Vegas is in a tourism slump. Hotel occupancy and air travel are down, and many local hospitality employees are experiencing layoffs or cuts in their hours. What's driving this downturn, and can Sin City bounce back?
IPL’s value soars past $20bn to rival NFL as one of world sport’s biggest brands
The Indian Premier League’s value has surged to an estimated $20.6bn (£15.5bn), boosted by ownership deals involving two of its biggest franchises, according to a report by the investment bank Houlihan Lokey.
BMW to cut ‘as many as 8,000 jobs’ under pressure from Chinese rivals
BMW is planning to cut as many as 8,000 jobs in Germany, according to reports, in the latest sign of Europe’s largest carmakers reducing costs under pressure from Chinese rivals.
ECB wage tracker at 2.7% in Q1 2027, indicating stable negotiated wage pressures
The European Central Bank (ECB) wage tracker, which covers active collective bargaining agreements, indicates negotiated wage pressures with smoothed one-off payments of 2.3% in 2026 (based on a coverage of 44.3% of emp…
Rogue OpenAI agent that hacked startup tried to attack other firms
OpenAI has revealed that a cyber-attack carried out by a rogue AI agent had more than one victim.
Datacentre projects could face fees for grid access to ease connection queue, Ofgem says
Datacentre projects in Britain will be forced to put down significant upfront fees to secure an energy connection under proposals to ease an electricity grid logjam .
Greggs sales jump as iced matcha lattes and chicken rolls become heatwave hits
Iced matcha lattes and a bigger range of salads and chicken rolls helped Greggs to boost its sales during the string of summer heatwaves, as the bakery chain continues to expand across the UK.
Lib Dem MP calls for investigation into Reform deputy leader’s £80,000 loan
Richard Tice has been referred to parliament’s standards watchdog over an undeclared loan of nearly £80,000 from Nigel Farage’s aide George Cottrell .
Heathrow passengers face higher fares as airport can recover early expansion plan costs
Heathrow passengers face decades of higher fares after the airport was given permission to recover early costs from developing its expansion plan.
Concacaf joins criticism of Fifa plan to sell off World Cup stakes to private investors
Concacaf has joined Uefa in criticising Fifa’s plan to sell off stakes in the World Cup to private investors.
UK faces ‘very difficult trade-offs’ in budget because of Iran war, say analysts
Andy Burnham has been warned by a leading thinktank of “very difficult trade-offs in the next autumn budget” if the Iran war keeps oil prices and inflation high.
Adolescence or The Traitors? Netflix neck-and-neck with BBC as British viewers’ go-to
Netflix is neck-and-neck with the BBC as the default service Britons turn to when they switch on their TV, according to research.
EBay and ex-executives to pay $55.7m to couple sent cockroaches in harassment campaign
Bloggers David and Ina Steiner were stalked by eBay executives over their critical coverage of the company
Labour MP suing Elon Musk’s xAI says chatbot added own fake abusive content
A Labour MP who is taking legal action against Elon Musk’s xAI company over fake sexualised images created by Grok says the AI tool was instructed to operate with “no restrictions on adult sexual content or offensive co…