Business

As the deadline looms for a leading AI lab to hand over its tech to the US military, a study has appeared suggesting AI models are more than willing to go nuclear in wargames. Only a couple of years ago, the phrase on everyone’s lips was “AI safety”. I’ll be honest, I never took the…

Paramount Skydance is on course to win the Warner Bros Discovery (WBD) takeover battle after rival Netflix stepped away. The World’s largest streaming service had been in pole position to land a deal by which it would pay $27.75 per share for Warner’s studio and HBO Max streaming businesses, valuing the divisions at almost $83bn…

THE FULL TEXT OF THE LETTER An Open Letter to Our Fellow Leaders in Global Media From: Tim Davie, BBC Director-General; Jon Slade, CEO, Financial Times; Anna Bateson, CEO, The Guardian; David Rhodes, Executive Chairman, Sky News; Anna Jones, CEO, Telegraph Media Group We write to you at a pivotal moment for our industry. We…

Ocado is to cut around 1,000 jobs as part of a plan to slash costs and restructure its operations. The company, which provides automated technology for distribution centres and runs its own UK online grocery business through a joint venture with Marks & Spencer, said two-thirds of the job losses would be in the UK….

The world’s most valuable company has reported another series of expectation-defying results, lessening fears, for now, of an AI bubble bursting. Nvidia said its revenue reached another all-time high, hitting more than $200bn (£147bn) in its 2026 financial year, far outpacing Wall Street estimates and the company’s own guidance. Money blog: Bank customers to be…

Children got an inflation-busting rise in pocket money last year, according to new data. Parents are giving their children a weekly average of £10.73, an 8% rise on the 2024 average of £9.92. Data from GoHenry, a money app that helps children learn to earn, save, spend and invest, shows children earned a total of…

This week has seen the fourth anniversary of Russia’s invasion of Ukraine. That’s four years of war and continuous suffering for the people of Ukraine. The ramifications have been felt far and wide and it would appear crass to moan from these shores about higher energy bills since. The link, however, can not be dismissed…

In the English Channel, less than two hours by fishing boat from Dover, some of the most potent weapons in Russia’s war on Ukraine are hiding in plain sight. On a misty February morning midway between Britain and France, we watch tankers carrying Russian oil worth around $100m (£74.1m) cruise past in defiance of Western…

Reddit has been fined more than £14m by the Information Commissioner’s Office for failing to keep children safe. It is the largest fine ever handed out by the information watchdog over children’s privacy issues. An investigation by the data protection watchdog found the US company used children’s information unlawfully. A statement from the ICO said…

UK businesses are facing uncertainty and higher costs as Donald Trump’s new global tariff hike is set to take effect from Tuesday. Governments worldwide have been scrambling for information since Friday when the US Supreme Court struck down his “Liberation Day” tariffs policy, and the president announced a temporary tax of 15% on imports into…