7 h. ago Hundreds of jobs at risk as iconic UK metal firm CF Booth goes bust

Rotherham-based metal recycling firm CF Booth has gone into administration and it means that around 200 jobs could be lost as many popular UK businesses have hit the wall recently

Events

30 h. ago ‘We could hit a wall’: why trillions of dollars of risk is no guarantee of AI reward

Progress of artificial general intelligence could stall, which may lead to a financial crash, says Yoshua Bengio, one of the ‘godfathers’ of modern AIWill the race to artificial general intelligence (AGI) lead us to a land of financial plenty – or will it end in a 2008-style bust? Trillions of dollars rest on the answer.The figures are staggering: an estimated $2.9tn (£2.2tn) being spent on datacentres, the central nervous systems of AI tools; the more than $4tn stock market capitalisation of Nvidia, the company that makes the chips powering cutting-edge AI systems; and the $100m signing-on bonuses offered by Mark Zuckerberg’s Meta to top engineers at OpenAI, the company behind ChatGPT. Continue reading...

Events

3 d. ago Wall Street results live: BlackRock assets hit $14tn after record inflows

Investment banking divisions at Goldman and Morgan Stanley expected to shine when US banks report later

Events

4 d. ago Trump hits back at JP Morgan CEO’s defence of Federal Reserve

US president says Jamie Dimon was wrong to suggest he was undermining independence of central bankBusiness live – latest updatesDonald Trump has hit out at the JP Morgan boss Jamie Dimon, saying the Wall Street executive was wrong to suggest he was undermining the independence of the Federal Reserve.The US president and his administration have come under fire for their attacks against the Fed’s chair, Jerome Powell, who is now facing a criminal investigation by the US Department of Justice over alleged “abuse of taxpayer dollars” linked to renovations to the central bank’s headquarters in Washington. Continue reading...

Politics

1 week ago Stop car windows fogging up with 'simple trick' involving household item

As a 771-mile wall of snow is due to hit the nation, drivers will have to take extra precautions, but one "simple trick" involving a household item could help defog car windows

Politics

1 week ago Bethell admits ‘tired’ England need to ‘graft’ after hitting Ashes wall in Sydney

‘It was a tough day but that’s what it’s about’Player suggests spin may now play a part in TestEngland hit the wall on day three at the Sydney Cricket Ground, or at least the latest in a series of walls, at the end of which Jacob Bethell admitted mental and physical fatigue was understandably, playing a part. There were dropped catches and some scattergun bowling lengths as Australia batted all day to reach 518 for seven, 134 runs ahead on first innings.“This is proper Test cricket now in terms of the graft and the stuff that you have to put in,” Bethell said afterwards. “It was a tough day, but that’s what it’s about. We’ve got to come out tomorrow, take the three wickets early and get back in again. Continue reading...

Events

1 week ago UK snow maps show England and Wales hit across 240 miles with up to 10 inches

A wall of snow is set to hit the UK in a massive band stretching from west of Swansea in Wales to Norwich in England with up to 10 inches settling in some places

Events

3 w. ago AI boom adds more than half a trillion dollars to wealth of US tech barons in 2025

Elon Musk’s net worth increased by nearly 50% to $645bn with founders of Google and Amazon also seeing huge wealth gainsA stock market boom in artificial intelligence companies has added more than half a trillion dollars to the wealth of America’s tech barons in the past year, data shows.The top 10 US founders and bosses of some of the world’s largest technology companies saw their finances swell to nearly $2.5tn, up from $1.9tn, in the year to Christmas Eve, according to figures from Bloomberg. Continue reading...

Science

3 w. ago Scotland to be hit by worst of 'Beast from the East' as 24 counties slated for snow

Weather maps reveal 600-mile snow wall set to hit UK on January 1

Events