Yen soars as Bank of Japan tipped to raise interest rates
The Japanese yen has soared by more than 2% against the dollar amid speculation the Bank of Japan is set to raise interest rates.
Crime & Courts
OpenAI hails ‘new era of artificial general intelligence’ with Astra model release
Astra’s arrival comes days after Sam Altman, OpenAI’s chief executive, described AGI as an ‘irrelevant marketing term’
HSBC raises Treasury yield forecasts on more hawkish Fed outlook
Federal Reserve Chair Kevin Warsh delivered a hawkish debut performance at his first policy-setting meeting. While the Federal Open Market Committee (FOMC) voted unanimously to hold interest rates steady, the Summary of…
SEC Investor Advisory Committee to Host Sept. 10 Meeting
The US shareholder activism environment is maturing and increasingly complex, characterized by new players, evolving tactics, and shifting boardroom dynamics. This report, a complement to The Conference Board annual Pro…
Reform UK gets another £4m from crypto billionaire pardoned by Donald Trump
Reform UK has been given a further £4m from the British crypto billionaire Ben Delo, with the party saying it is confident the businessman – who was formerly based in Hong Kong – will not be caught by the new overseas d…
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.
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.
NI employers named for not paying staff minimum wage
Thirty-six businesses in Northern Ireland, including a care provider, hotels and solicitors, have been named for failing to pay their employees the minimum wage, according to the Department for Business and Trade (DBT).
FCA decides to ban and fine Daniel Thomas over unauthorised pension transfer advice
The FCA has decided to ban Daniel Thomas from working in financial services and fine him £742,700 after finding he recklessly gave defined benefit pension transfer advice he was neither qualified nor allowed to give.
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.
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…
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.
Dutch central bank moves 86 tonnes of gold to UK from US and Canada, citing ‘geopolitical unrest’
The Dutch central bank says it has moved 86 tonnes of its gold reserves out of the US and Canada to London, citing “increasing geopolitical unrest”.
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.
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.
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.
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…
Uber to cut 3,300 corporate jobs in management overhaul
• Uber drivers launch European class action over ‘soulless’ and ‘scary’ AI algorithm
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.