Uber to cut 3,300 corporate jobs in management overhaul
• Uber drivers launch European class action over ‘soulless’ and ‘scary’ AI algorithm
Crime & Courts
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.
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.
Taxing the banks: what Europe’s windfall levies brought in as Burnham eyes his next move
The countdown is on. Two months out from Andy Burnham’s inaugural autumn budget, bank executives are wringing their hands over whether the government will target their bumper profits with fresh taxes.
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.
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.
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.
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.
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.
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…
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.
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.
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.
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’
The Global Story
Economist Kenneth Rogoff argues that that the era of dollar dominance may be ending
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
Architect of British government’s AI strategy joins Anthropic
The architect of the UK government’s AI strategy has joined the US startup Anthropic in a senior role a year after stepping down from his Downing Street post.
Fund defence spending from tax rise on middle earners, thinktank tells Healey
The chancellor, John Healey, must be prepared to raise taxes for middle earners if he wants to fund significantly higher defence spending, the Resolution Foundation thinktank has said.
U.S. concludes strikes against Iran after Strait of Hormuz attacks
The United States and its allies condemned what they said were alleged Iranian plots to kill dissidents, journalists, and members of Jewish communities in Europe, North America, and Australia.
SEC Charges San Francisco Bay Area Private Fund Executives with Multimillion Dollar Ponzi-Like Scheme
What you need to know: A new analysis finds that Trump’s pardons of criminals across his two terms have denied nearly $2 billion in victim restitution, forfeitures, and fines.
US borrowing costs hit fresh highs over inflation fears
US borrowing costs hit a fresh high on Tuesday as renewed strikes in the Middle East pushed up oil prices and heightened concerns over inflation.
House prices could fall 10%, analysts predict, as fourth interest rate hike looms
Cotality data reveals property prices are now falling in more than 90% of Australian suburbs, while economists expect market downturn to continue
Mark Carney tells US to ‘start being serious’ amid escalating trade war
Mark Carney has rebuked Donald Trump’s administration and urged officials in Washington to “start being serious” amid escalating trade tensions between the US and Canada.
Boris Vujčić: Household expectations and monetary policy: The importance of high-quality surveys and evidence-based research
Thank you, Michael, and thank you to ESMT for the invitation. It is a pleasure to be here for this inauguration and to speak about a topic to which Michael has made an outstanding contribution: how households form expec…