Oracle has increased its job cuts to $2.8 billion due to AI data centre costs. Details on share sales and workforce reduction provided. Further details on financial impact and restructuring remain unclear.
Glencore’s former oil head Alex Beard pleads not guilty to bribery charges. The case involves alleged payments to West African officials. Trial set for 2027. Details limited to SFO allegations.
Indian-origin couple Anuradha and Vikas Sinha donated $20 million to the University of North Texas for AI and analytics research. Details on the gift and its impact are outlined.
Primark plans to offer home deliveries in Britain, four years after starting e-commerce. Sales growth is expected, but like-for-like sales are projected to fall.
Automattic CEO Matt Mullenweg is on paid leave, per internal messages. The board claims the move was necessary, but Mullenweg alleges conspiracy. The company faces ongoing legal battles and recent layoffs. No official reason for the leave is provided. Sources suggest the timing may relate to Mullenweg’s return from Bur
Learner drivers in the UK face an average 20-week wait to book practical tests, despite DVSA efforts. Wait times remain unchanged at 11.1 weeks between booking and test. DVSA has introduced restrictions on booking and test swaps, but critics say delays persist.
The United States has announced new import bans and tariffs on Canadian goods, including alcohol, dairy products, and motorbikes, in response to retaliatory measures from Canada. The move comes amid ongoing trade tensions between the two nations, which have escalated since late August.
AI use is increasingly influencing promotions and bonuses, raising concerns about fairness and job security. Some employees feel pressured to adopt AI, while others warn of performative metrics. Legal experts say companies must ensure transparency and fairness.
UK retailers plan 100,000 placements for Neets aged 18-24 over three years. Program aims to bridge skills gap and boost employment. Details include universal credit support and job interviews.
Chancellor John Healey's speech aimed to boost economic confidence, but Jaguar Land Rover's job cuts highlighted challenges. The focus was on growth and balancing fiscal discipline with investment.
John Healey's first major speech as chancellor drew criticism for being unconvincing and lacking clarity, with observers noting his apparent lack of preparedness and focus on positivity over fiscal discipline.
Jaguar Land Rover plans to cut 4,000 jobs in the UK as part of cost-cutting measures. Business secretary Jonathan Reynolds rejects public financial support for the company.
A Boeing 767-300 operated by 21 Air crashed after overshooting the runway at Miami International Airport, killing five and injuring five others. Investigations are ongoing.
A Norwich sandwich shop is launching a challenge to highlight food insecurity, with participants surviving on £3 a day and donating leftover money to community meals.
Prediction markets and sports betting have become widespread in the US, with legal and ethical concerns emerging as figures like George Santos and Bill Simmons face penalties for misconduct.
Nigel Farage acknowledges overseas donation controversy is damaging for Reform UK but insists no foreign money was ever taken. Police are investigating potential breaches of electoral law.
Jersey's deputy withdrew a fuel duty reduction plan after talks with the treasury minister, citing a pragmatic approach to address cost-of-living concerns.
Chancellor John Healey plans to announce a £150m fund for northern firms to boost economic growth. Critics question its impact amid rising borrowing costs and inflation.
HMRC will send letters to eligible low earners about pension top-ups. Checks are advised to avoid scams. Experts warn of potential non-take-up.
China plans to inject £40bn into its financial sector to support banks and insurers facing weak growth. The move includes capital injections for major insurers and state lenders.