Inflation in the United States rose unexpectedly to 3% in January, fuelling speculation that the Federal Reserve may keep interest rates higher for longer. Data from the Bureau of Labour Statistics showed inflation increasing from 2.9% the previous month, defying analysts’ expectations that it would remain unchanged. On a monthly basis, prices rose by 0.5%, […]
Close Brothers has announced it will allocate up to £165 million in its first-half accounts to cover potential legal and compensation costs linked to the growing car finance commission scandal. The FTSE 250 lender disclosed the provision in an unscheduled update, warning that the final costs could be “materially higher or lower” depending on the […]
The UK operations of gambling giant Stake are set to shut down next month following an investigation by the Gambling Commission into controversial advertising practices involving adult content. Stake, an online casino and sports betting platform known for sponsoring Everton Football Club, came under scrutiny after a widely shared social media video featured OnlyFans performer […]
Goldman Sachs and Deloitte have become the latest major corporations to scale back diversity, equity and inclusion (DEI) policies as US political pressures mount, particularly under the influence of Donald Trump’s anti-DEI stance. Goldman Sachs has dropped its requirement that companies seeking to go public must have at least one board member from an underrepresented […]
The trade conflict between the United States and the European Union is set to escalate as Brussels prepares retaliatory measures against Donald Trump’s latest tariff plans, a European investment bank has warned. Analysts Inga Fechner and Ewa Manthey at ING said tensions are set to boil over as Trump pushes ahead with aggressive tariff policies, […]
The UK government has announced sweeping reforms to the apprenticeship system, aiming to create up to 10,000 additional apprenticeship opportunities each year by cutting bureaucracy and giving employers greater control over training requirements. In a move designed to accelerate economic growth, businesses will now have more flexibility in determining whether adult apprentices (aged 19+) need […]
Breadcrumb Trail Links News Economy Would mean a total 50% tariff on Canadian steel and aluminum if planned measures proceed Author of the article: The Canadian Press Kelly Geraldine Malone Published Feb 11, 2025 • Last updated 23 minutes ago • 4 minute read United States President Donald Trump speaks during an executive order signing in […]
The UK government has refused to criticise Donald Trump’s decision to impose 25 per cent tariffs on British steel exports, despite mounting concerns from industry leaders that the move will severely damage the sector. Trump’s executive order, which removes exemptions for the UK and all other nations, will see all steel and aluminium imports into […]
The UK and US have declined to sign an international declaration on artificial intelligence (AI) at a global summit in Paris, putting them at odds with countries such as France, China, and India, which have pledged a collaborative and ethical approach to AI development. The agreement, endorsed by 60 nations, commits to ensuring AI is […]
Breadcrumb Trail Links Innovation News Group of investors led by Musk offered to buy the nonprofit that controls OpenAI for US$97.4 billion Author of the article: Bloomberg News Shirin Ghaffary, Kate Clark and Rachel Metz Published Feb 10, 2025 • 2 minute read Sam Altman, co-founder and chief executive of OpenAI, speaks during a panel […]