New battery-powered trains will ‘bring faster journeys to north’
No 10 says 29 new trains to be built in Derby will support 350 local jobs, as well as nearly 6,000 across the UK
Policy
SEC Charges Founder and His Two New Jersey-Based Companies in Alleged $16 Million Ponzi Scheme
The Office of the State Comptroller (OSC) conducted an investigation of South Jersey Extended Care (SJEC), a for-profit nursing home located in Bridgeton, New Jersey. Covering a five-year period from April 1, 2018, to M…
Man pleads guilty to fraud and forgery offences relating to fake takeover approach
Christopher Woolcott has pleaded guilty to 4 counts of fraud and forgery after creating a fake takeover bid for Touchstone Exploration Inc.
U.S. Government Advisor: OpenAI Risks "Catastrophically" Losing Control of AI
OpenAI has failed to reduce the risk of a “catastrophic” loss of control over AI, said Paul Cristiano, a U.S. government advisor on high technology. He issued this warning at a board meeting of the nonprofit OpenAI, of …
English winemakers expect ‘vintage year’ after record-breaking summer heat
English sparkling winemakers expect their earliest grape harvest and a “vintage year” after a scorching summer quickly ripened grapes.
ECB raises interest rates to 2.5% and warns Iran war is fuelling inflation
Borrowing costs climb in Europe and oil tops $105 a barrel as bank says growing price pressures in eurozone will be ‘longer lasting than we had anticipated’
OpenAI not on track to reduce risk of ‘catastrophic’ loss of control, says board member
US government adviser Paul Christiano warns of risks to AI industry as he joins OpenAI’s non-profit foundation
Ryanair will dispute passenger’s claim he was sucked out of window
Ryanair has said it will be “disputing” that any part of a passenger’s body was sucked outside when a window on one of its aircraft broke while in flight.
Trump on Iran war; Oracle, Adobe to report - what’s moving markets
Editor’s Note: The ETFs tracking benchmark indices, lede, economic data, and the headline were updated in the story.
Tourists in England face nightly levy on hotel and Airbnb-style stays under new plans
Many mayors welcome power to impose tourist tax but industry warns of ‘irreparable harm’ and job losses
Monetary policy decisions
The Governing Council today decided to raise the three key ECB interest rates by 25 basis points. The conflict in the Middle East continues to generate inflation pressures, and inflation is set to remain well above targ…
Glencore’s former head of oil pleads not guilty to bribery charges
Billionaire Alex Beard and his former deputy appear in London court over alleged payments to African officials
Houthis close in on stranglehold over key Bab al-Mandeb Strait - Reuters
A container ship approaches the Bab-el-Mandeb Strait on January 18, 2024 in Obock, Djibouti. Photo: VCG
Iceland to become first UK high street retailer to open shop in Falkland Islands
The supermarket chain Iceland has said it will open a shop on the Falkland Islands in early December.
Announcement of the publication of the Governor's interview transcript
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‘Fundamentally unfair’: Burnham must overhaul migration reforms, says TUC general secretary
Andy Burnham must overhaul Shabana Mahmood’s migration reforms or risk overstretching social care and fuelling far-right sentiment, the TUC general secretary, Paul Nowak, has warned.
Trump promises $5,000 dividend to every U.S. adult if GOP wins midterms
To incentivize voters to cast ballots for Republicans, President Trump used his convention speech to promise a dividend of $5,000 to every adult citizen if the Republican Party maintains control of Congress in the midte…
Chancellor urged to fix £100k childcare ‘cliff edge’ that prompts parents to cut work
John Healey has been urged to fix the £100,000 childcare “cliff edge”, that means some higher-paid employees cut back on work to avoid losing their entitlement.
Bond market rebuffs US treasury’s plan to buy back $6bn in government debt
The US treasury moved to cut the cost of borrowing on Wednesday only to be swiftly rebuffed by the bond market.
Iran war could last through end of Trump’s term- WSJ citing advisers
A credible signal that the Iran conflict could extend well beyond the midterms, rather than resolve quickly as Trump has publicly suggested, argues against pricing in a near term de-escalation for oil ($120 Brent risk).…
Christine Lagarde: The choice facing Europeans
More than two centuries ago, the poet Johann Paul Friedrich Richter described Berlin as “more a part of the world than a city”.[1] History would prove him right.
Air traffic control boss given a week to report after UK flight chaos causes 2,000 cancellations
Government remains confident in under-pressure Martin Rolfe but transport secretary believes glitch was avoidable
Anthropic researchers say AI could cause human extinction by 2030
One researcher who resigned said many in industry believe that without regulation AI could kill off humanity
Flooring firm goes into administration
Birmingham-based Headlam said it had also closed 28 of its 76 trade counters, but that it would continue to trade while a restructuring takes place.