6 h. ago Footsie and gold soar to record highs as investors shrug off Bank of England's AI 'correction' warning

On a record-breaking day on financial markets, the FTSE 100 rose 0.7%, or 65.29 points to an all-time high of 9548.87, while bullion hit $4,059 an ounce.

Events

10 h. ago Thomas Tuchel has just FIVE nailed on England starters with World Cup issues to address

Tuchel warned the fight is on for a World Cup place with England running out of time and options

Politics

13 h. ago IMF chief warns ‘uncertainty is the new normal’ in global economy

Kristalina Georgieva outlines mounting risks to economic stability before fund’s annual meetings next weekBank of England warns of growing risk that AI bubble could burstGold price tops $4,000 for first time as investors seek safe havenThe head of the International Monetary Fund has issued a stark warning about the mounting risks facing the global economy, saying: “Buckle up: uncertainty is the new normal.”As finance ministers and central bankers prepare to meet in Washington for the IMF’s annual meetings next week, its managing director, Kristalina Georgieva said the world economy had shown surprising resilience in the face of Donald Trump’s trade war. Continue reading...

Events

13 h. ago R360 respond to unions’ threat to ban players from Test rugby

Several of the world’s top rugby unions, including England, warned players against joining the rebel competition

Sport

15 h. ago Bank of England warns of risk of AI market correction; gold hits new $4,000 an ounce record – business live

Soaring tech valuations could drop amid potentially ‘disappointing’ progress on AI, central bank says; gold has doubled in two years and extends 50% rally so far this yearPeter Hargreaves, the billionaire co-founder of Hargreaves Lansdown, is retiring from the UK’s largest personal investment site, seven months after its £5.4bn acquisition by private equity firms. Hargreaves, 79, who set up the business in 1981 in the back bedroom of his house in Clifton with Stephen Lansdown, is handing his board position to his son Robert and said this “marks a proud new chapter in the family legacy”. His firm pioneered “DIY” investments, allowing people to invest directly in shares via its website without costly financial advisers.The Bristol-based company said he had rejoined the board earlier this year to “provide continuity and support through a period of change” following its takeover by a private equity consortium of Jersey-based buyout giant CVC Capital Partners, Sweden’s Nordic Capital and...

Events

15 h. ago Bank of England warns of growing risk that AI bubble could burst

Possibility of ‘sharp market correction has increased’, says Bank’s financial policy committee Business live – latest updatesThe Bank of England has warned there is a growing risk of a “sudden correction” in global markets as it raised concerns about soaring valuations of leading AI tech companies.Policymakers said there were also threats of a “sharp repricing of US dollar assets” if the Federal Reserve lost credibility in the eyes of global investors. It comes as Donald Trump’s continues to attack the US central bank and threaten its independence. Continue reading...

Events

16 h. ago Bank of England warns growing risk AI bubble could burst; gold hits new $4,000 an ounce record – business live

Soaring tech valuations could drop amid potentially ‘disappointing’ progress on AI, central bank says; gold has doubled in two years and extends 50% rally so far this yearPeter Hargreaves, the billionaire co-founder of Hargreaves Lansdown, is retiring from the UK’s largest personal investment site, seven months after its £5.4bn acquisition by private equity firms. Hargreaves, 79, who set up the business in 1981 in the back bedroom of his house in Clifton with Stephen Lansdown, is handing his board position to his son Robert and said this “marks a proud new chapter in the family legacy”. His firm pioneered “DIY” investments, allowing people to invest directly in shares via its website without costly financial advisers.The Bristol-based company said he had rejoined the board earlier this year to “provide continuity and support through a period of change” following its takeover by a private equity consortium of Jersey-based buyout giant CVC Capital Partners, Sweden’s Nordic Capital and...

Events

16 h. ago AI firms vulnerable to sharp drop in valuations, Bank of England warns

The risk of a ‘sharp correction’ in the financial markets has increased, the Bank’s Financial Policy Committee said.

Events

17 h. ago Bank of England sounds alarm over AI tech bubble and warns of 'sharp market correction'

The Bank of England has sounded the alarm over the risk of an AI bubble in financial markets that threatens to send shock waves across the globe.

Events

5 d. ago Jude Bellingham sent brutal World Cup warning after England axe

Jude Bellingham was the big-name omission from the England squad for this month's international double header - and he's been warned that nobody is guaranteed a World Cup spot

Events

5 d. ago Britain to feel Storm Amy's wrath: Wind warnings issued for whole of UK as 100mph gusts and torrential rain wreak havoc with 'do not travel' alerts issued, schools closed and outdoor events cancelled

Met Office amber and yellow warnings have been extended to cover all of England, Wales, Scotland and Northern Ireland , running from 11am today until 9am on Sunday.

Events

5 d. ago Britain to feel Storm Amy's wrath: Wind warnings issued for whole of UK as 95mph gusts and torrential rain wreak havoc with 'do not travel' alerts issued, schools closed and outdoor events cancelled

Met Office amber and yellow warnings have been extended to cover all of England, Wales, Scotland and Northern Ireland , running from 11am today until 9am on Sunday.

Events

5 d. ago Brace for Storm Amy! 'Do not travel' alerts issued for trains and schools told to close as 'weather bomb' bringing 95mph winds and torrential rain set to hit TODAY

Amber and yellow warnings have been activated across northern England, Wales, Scotland and Northern Ireland , running from 11am today until the end of tomorrow.

Events

6 d. ago Met Office yellow weather warning as fog could cause 'disruption' across England

The Met Office has issued a yellow weather warning as thick fog threatens to bring travel misery for drivers, commuters and air passengers - with five regions set to bear the brunt

Events

8 d. ago Keeping rates high for too long ‘could pull inflation below target’

The Bank of England’s Sarah Breeden warned that economic output could also be affected.

Economics

1 week ago Warning over 10 areas of England worst hit by chronic disease

The dangerous condition can prove fatal if left untreated

Events

2 w. ago Marcus Rashford slammed for 'unprofessional' conduct after Man Utd 'quit' claim

Marcus Rashford was dropped to the bench for Barcelona's match against Getafe after being late for a team meeting, with an England icon warning the on-loan Manchester United star

Politics

2 w. ago Full list of UK flood alerts and warnings after torrential rain amid Met Office warnings

The flood warnings and alerts come after Met Office weather warnings across Wales, northern England and the Midlands

Events

2 w. ago Met Office issues flood warning as map shows areas facing gales and downpours of heavy rain

The Met Office has released yellow weather warnings across Wales, northern  England and the Midlands with gusts of 75mph winds and 80mm of rain expected in some parts.

Events

2 w. ago Shanklin warns WRU as clubless Wales winger trains in England after cruel twists

The latest rugby news stories from Wales and beyond

Events