Business news

Musk ‘sensationalist’ comments on AI taking jobs ‘not helpful’

Professor Emma Parry said it was right to suggest AI would change the workplace, but not in such a dramatic fashion in the short-term.

Strikes by health workers called off

Members of Unison have been involved in a long running dispute over back pay.

Amazon and Meta agree to retail competition improvements, watchdog s...

The CMA says the two tech giants have agreed to improvements to their practices after separate investigations.

AI technology trialled to predict power outages caused by storms

ScottishPower Energy Networks described its Predict4Resilience project as ‘revolutionary’.

Maersk cutting at least 10,000 jobs as shipping demand falls

The shipping industry is suffering as the boom in demand seen during the pandemic years is fading.

UK services firms ‘skirt with recession’ as activity slows for third...

The closely watched PMI survey showed activity was fractionally higher last month, compared to September, as it faces a shallow downturn.

Councillors call on Starmer to quit over Gaza stance

Sir Keir Starmer has come under fresh pressure over his stance on the Israel-Hamas conflict, as two Labour council leaders called on him to resign.

Wickes sales fall on IT disruption and pressures on consumer spendin...

The group saw sales fall 0.2% in the third quarter after a 4.4% tumble at its kitchen and bathroom installation business.

Currys strikes £175m deal to sell Greek and Cypriot business

The division was put up for review in June as part of the firm’s plan to focus solely on its UK and Ireland and Nordics businesses.

Thriving Wholesale and Distribution Automotive Aftermarket: Driven b...

Wholesale And Distribution Automotive Aftermarket Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032 The Business R...

Strike by Environment Agency workers suspended

Unison said the decision to call off the strike was taken after the agency confirmed ministers had given it permission to negotiate a new pay offer.

Sizewell C campaigners wait for ruling on latest court fight over nu...

Together Against Sizewell C objects to a 2022 decision, by then business secretary Kwasi Kwarteng, to give the development the green light.

Global stocks rally on hopes US and UK interest rates have peaked

London’s FTSE 100 gained more than 100 points on Thursday, with banking stocks among the biggest risers.

‘Much too early’ to cut borrowing costs, Bank says after holding rat...

The Bank of England’s governor, Andrew Bailey, insisted that households and businesses will feel more pain if price rises do not ease.

Rate cuts still likely in 2024 as economy feels hit from past hikes,...

Economists say the Bank will struggle to hold off from lowering interest rates next year in the face of a flatlining economy.

What does the Bank of England’s latest interest rate pause mean for...

Monthly hikes in base rate may have stalled, but the cost-of-living squeeze has not gone away, experts have said.

UK borrowing costs held at 5.25% as Bank of England downgrades econo...

Governor Andrew Bailey warned it is ‘much too early’ to think about cutting rates.

Sainsbury’s hikes profit guidance as it wins back shoppers from disc...

The supermarket said full-year profits are now expected in the ‘upper half’ of its guidance as efforts to keep food prices low boosted grocery sales.

People affected by Storm Ciaran urged to check insurance terms and k...

Strong winds and rain from Storm Ciaran have been battering parts of the UK.

M&S sorry Christmas advert caused ‘unintentional hurt’ amid Palestin...

M&S posted an outtake from its Christmas advert that showed hats in the colours of the Palestinian flag burning in a fire.