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UK departments at odds over energy demands of AI datacentres | AI (artificial intelligence)

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One vision of the UK’s future involves a decarbonised economy powered by clean, renewable energy. Another involves making the UK an AI superpower.The government...
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Warsh edges closer to becoming Fed chair but an interest rate cut may still be a ways off

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‘Nigel is mad to accept his money’: who is Christopher Harborne, the mystery billionaire bankrolling Reform? | Reform UK

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Shortly before Christmas 2022, Chakrit Sakunkrit, owner of the Kamalaya Wellness Sanctuary on the Thai island of Koh Samui, invited 200 guests to spend a...
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Business

US added just 22,000 jobs in August, continuing slowdown amid Trump tariffs | US unemployment and employment data

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The US jobs market stalled over the summer, adding just 22,000 jobs in August and continuing a slowdown in the labor market as businesses...
Business

UK businesses cut jobs at fastest pace in four years over summer, Bank of England finds | Economics

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UK businesses cut jobs at the fastest pace in four years over the summer, according to a Bank of England survey highlighting the impact...
Business

Lloyds to warn 3,000 staff they face sack for ‘underperformance’ | Lloyds Banking Group

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Lloyds Banking Group is to warn 3,000 staff that they are at risk of being sacked for underperformance, as part of a management overhaul...
Business

Rachel Reeves’s autumn budget will take place on 26 November | Budget 2025

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Rachel Reeves acknowledged that the UK economy is “not working well enough for working people” as she announced that her second budget will take...
Business

UK hit by fresh sell-off in government bond markets as pound weakens | Gilts

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Rachel Reeves was hit by a fresh sell-off in government bond markets on Tuesday, underlining the formidable challenge facing the chancellor in the run-up...
Business

Pressure rises on Reeves as government borrowing costs hit 27-year high | Economics

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Britain’s long-term borrowing costs have hit their highest level in 27 years, intensifying the pressure on the chancellor, Rachel Reeves, before the autumn budget.The...
Business

UK long-term borrowing costs on brink of 27-year high; gold price hits record – business live | Business

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Key eventsShow key events onlyPlease turn on JavaScript to use this featureGold hits record high over $3,500/ozGold bullion displayed at Hatton Garden Metals. Photograph:...
Business

Nestlé sacks CEO over ‘undisclosed romantic relationship’ | Nestlé

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Nestlé has dismissed its chief executive, Laurent Freixe, after an investigation into an “undisclosed romantic relationship” with a subordinate that was found to have...
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