Health-tracking smart ring maker Oura to list on US stock market
Fans of Oura are accustomed to using its trendy smart rings to fastidiously monitor their health but now investors are preparing...
Business
News about business, companies, entrepreneurship, the corporate market, and innovation.
UK car sales hit eight-year high in August; Volkswagen approves another 50,000 job cuts – business live
Rolling coverage of the latest economic and financial news Elsewhere in the car sector, Volkswagen’s supervisory board has agreed...
Revealed: how companies ‘secretly’ use billions of litres of public water in drought-hit England
Less than 1% of businesses in England use more water than the daily needs of 10 million people, as millions of households face...
How will bond market turbulence affect UK consumer finances?
The bond market sell-off has sparked fresh fears of higher borrowing costs for UK households. We look at what the turmoil in...
Volkswagen announces it will cut 100,000 jobs by 2030
The car company Volkswagen has announced it will shed 100,000 jobs by the end of the decade after being hit by US tariffs and...
OpenAI hails ‘new era of artificial general intelligence’ with Astra model release
The president of OpenAI, Greg Brockman, has claimed the world has entered a new era of artificial general intelligence after the...
Nvidia to buy developer platform Hugging Face in $12.9bn deal
Nvidia will buy the popular developer platform Hugging Face for nearly $13bn, betting that support for ?open AI models could offset a potential...
John Lewis to launch YouTube chatshow to improve AI search results
John Lewis is launching an online chatshow and social media studio to help make itself and its products more visible to chatbots and more prominent...
London’s first self-driving taxis for hire hit the streets
Londoners are now able to hire self-driving taxis for the first time, after rides in Wayve’s autonomous vehicles were added to the Uber app on...
Uber to cut 3,300 corporate jobs in management overhaul
Uber plans to cut its global workforce by about 10% as part of a major restructuring, resulting in around 3,300 corporate job losses. The boss of the...
Uber drivers launch European class action over ‘soulless’ and ‘scary’ AI algorithm
Uber drivers have launched a landmark legal action against the ride-hailing company claiming they live in “constant fear” of a “soulless” algorithm...
Tim Cook handed $47m package for new role as executive chair of Apple
Tim Cook has received a $47m (£35m) pay deal as Apple’s executive chair, a remuneration package that nears the level set for his successor as chief...
Range Rover launches its first electric vehicle, with starting price of £154,070
Range Rover has launched its first electric vehicle – a year later than planned – offering a greener option for fans of gargantuan British-made SUVs...
Ryanair warns air fares in Europe will jump next year if oil price stays high
Ryanair has warned that air fares in Europe will jump next year if the oil price remains high and that some airlines could go bust. The Irish budget...
BP appoints new chair after contentious ousting of Albert Manifold in May
BP has appointed a new chair after a months-long search following the controversial ousting of Albert Manifold, seeking to draw a line under the...
Markets slide as inflation fears trigger global bond sell-off – business live
Rolling coverage of the latest economic and financial news - The Guardian view on the global bond shock: Andy Burnham should take note The head of...
Fund defence spending from tax rise on middle earners, thinktank tells Healey
The chancellor, John Healey, must be prepared to raise taxes for middle earners if he wants to fund significantly higher defence spending, the...
UK long-term borrowing costs could halve chancellor’s budget headroom
The chancellor’s headroom against Labour’s fiscal rules could be almost halved at his first budget if the current global bond sell-off persists into...
Bond sell-off intensifies around the world as oil prices rise above $91 a barrel, stoking inflation fears – business live
More on Shein’s stock market debut in Hong Kong. “Let global consumers enjoy the sound of fashion,” said Leigh Gui, Shein’s chief financial officer,...
‘Without us, no wheel would turn’: the unsung heroes keeping England’s transport moving
Not many people get to park their car here – bang in the middle of Heathrow airport, on the taxiway just a stretch of grass away from where a line of...
Arms and the £5m man: Farage megadonor Christopher Harborne’s military empire
As he struggles with questions about the millions he has received from the billionaire Christopher Harborne, Nigel Farage has made no secret of his...
UK risks falling behind in AI race without faster telecoms upgrades, say executives
The UK risks becoming a laggard in the global AI race as crucial telecoms upgrades to harness the technology fall behind rival nations, according to...
‘Winter panic’: EU gas stores at their lowest level in 13 years
Europe is on course to enter the cooler months with gas stores at their lowest level in 13 years, which has triggered “winter panic” among energy...
US Federal Reserve’s Kevin Warsh gears up for key Jackson Hole conference as inflation fears mount – business live
Rolling coverage of the latest events in global financial markets, the economy and major corporate moves There is some speculation that Kevin Warsh...
Three UK airports hit by cyber-attack with data of 8.7m customers accessed
Manchester, London Stansted and East Midlands airports have been hit by a cyber-attack in which hackers accessed the data of about 8.7 million...
Asian technology shares ride high on AI optimism after Nvidia’s ‘stunning’ results – business live
More on Shein. The company, which sells £5 dresses and £11-£15 jeans, is set to price its initial public offering (IPO) at HK$48.56 a share, near the...
Nvidia’s quarterly revenue doubles to nearly $100bn as CEO declares ‘golden age’
Nvidia announced on Wednesday that its quarterly revenue had doubled in a year to nearly $100bn. Jensen Huang, the founder and CEO, jubilantly...
‘Work is good for you’: how UK scheme could help tackle youth mental health crisis
Work must be “part of the answer” to the mental health crisis among young people, the work and pensions secretary, Pat McFadden, has said as he met...
Meta agrees to major changes to Facebook and Instagram as it settles US trial over teen addiction for up to $17bn
Meta reached an agreement to settle a landmark case brought by states across the US that accused the tech giant of addicting and harming children...
UK households face 4% rise in energy bills to average of £1,723 from October – business live
Gas and electricity bills rise by £60 on average to highest level in three years The 4% rise in the energy price cap is as expected. Neil Kenward,...
National lottery faces questions over new boss’s record in gambling industry
The national lottery is facing questions over its new boss’s record in the gambling industry, including a lucrative role in the 24-hour slot machine...
Gold hits highest level in three months as traders worry about US inflation and bond market jitters – business live
Spot gold touches almost $4,700 an ounce and Bitcoin tops $80,000 while oil prices fall despite threat of heavy US sanctions on Iran and any country...
Canadian dollar dips after US-Canada talks collapse into trade war; oil prices fall ahead of US sanctions on Iran – business live
Good morning, and welcome to our rolling coverage of the global economy, the financial markets, the eurozone and business. The Canadian dollar fell...
UK orders reviews of franchising sector after Vodafone allegations
Ministers have commissioned a pair of in-depth reports into how franchising businesses are policed in the UK, as the government considers introducing...
Heathrow expansion ‘is threat to England’s largest surviving medieval barn’
Six hundred years after it was built, England’s largest surviving medieval timber-framed barn could now be “shaken to pieces” by aircraft vibrations,...
Retail sales fall despite World Cup and hot weather boosting alcohol and drinks trade – business live
Introduction: Retail sales fall despite World Cup and hot weather boosting drinks trade Good morning, and welcome to our rolling coverage of...
Anxiety over war, wildfires and cyber-attacks leads to growth in cash stocks in EU
The number of banknotes in circulation in the EU is increasing despite widespread smartphone payments, new data shows, with wildfires ripping through...
Travelodge boss quits amid fallout over hotel chain’s security failings
The boss of Travelodge has resigned after a backlash over security failings at the hotel chain, including a case where a domestic abuser was given a...
Rising UK consumer confidence gives Andy Burnham ‘golden opportunity,’ survey says – business live
BRC says confidence in economy hits highest level since the lows reached at start of Iran war At the same time, new figures revealed that US debt had...
US gross national debt tops $40tn for first time
US debt reached $40tn for the first time on Wednesday, the US treasury department said, after the government deficit doubled over the last decade....
UK inflation increases in July, driven by a surge in gas bills; oil prices rise again – business live
The core rate of inflation, which strips out volatile items such as energy, food and alcohol, stayed at 2.6% in July, while economists had expected...
UK inflation rises to 2.9% as Iran war fuels living costs squeeze
UK inflation rose to 2.9% in July as the impact of the Iran war on energy prices triggered a renewed cost of living squeeze for British households....
