Economy & Money
European economy, markets, the euro, ECB, inflation and business.
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Microsoft cuts 4,800 jobs as it revamps Xbox in latest wave of mass layoffs
Thousands of gaming jobs will be shed over the coming fiscal year as Microsoft continues to invest heavily in AI Microsoft said on…
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EasyJet shares jump almost 10% after it agrees £5.5bn takeover bid
Airline’s board to recommend offer of £6.90 a share in deal analysts say shows UK firms are being bought on the cheap Shares in ea…
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Microsoft cuts 4,800 jobs with Xbox facing its biggest shake-up
About 3,200 gaming jobs are set to be cut at Xbox over the coming fiscal year.
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Microsoft cuts 4,800 jobs and shrinks Xbox in 'significant restructure'
The sweeping layoffs equate to 2.1% of Microsoft's workforce, with 1,600 immediate job losses at Xbox.
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Sky buys ITV assets for £1.6bn to fight streamers
Sky’s £1.6bn acquisition of ITV’s main broadcasting assets signals a pivotal shift in Europe’s media landscape as domestic players…
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Sky agrees to buy British broadcaster ITV for up to £1.6 billion
The two British media businesses are set to come under one roof, as ITV has agreed to sell its broadcasting and streaming business…
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Oral Wegovy reaches UK private pharmacies as Novo Nordisk expands
Novo Nordisk’s oral version of Wegovy is now available in the UK through private pharmacies, signalling a shift in the European we…
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‘Smart operator’: how BT’s first female CEO helped turn company around
The firm’s share price has risen 80% under Allison Kirkby’s leadership – but pressure remains for her to deliver further growth If…
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Boost City regulator’s powers to help protect UK consumers from AI, says watchdog
FCA’s review into how tech will reshape financial services warns about amplified risks of cyber-crime and fraud Ministers have bee…
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Wegovy weight loss pill now available in UK - here's what you need to know
The once-a-day pill, from the makers of the Wegovy weight-loss jab, can now be bought privately in UK pharmacies.
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Shoppers hit by hidden fees
Shoppers hit by hidden fees
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EasyJet backs £5.2bn Castlelake bid facing EU hurdle
EasyJet has agreed in principle to a £5.2bn takeover by US firm Castlelake, a deal that would reshape European low-cost aviation b…
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South Korea to funnel AI chip tax windfall into public investment, housing and jobs
South Korea plans to channel a surge in tax revenue from its booming AI chipmakers into a new state fund, backing everything from …
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OPEC+ agrees another modest output rise as oil prices fall back to pre-war levels
Seven countries in the OPEC+ alliance agreed to lift their combined oil output by a modest 188,000 barrels per day in August, addi…
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EasyJet shares jump 10% as board backs Castlelake takeover proposal
The budget airline said it has reached ‘an agreement in principle’ with US investment firm Castlelake.
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EV charger rollout in UK slows amid political uncertainty and rise in installation costs
Growth in charge points falls markedly despite surge in number of rapid-charging units The UK’s rollout of electric vehicle charge…
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Ocado co-founder to step down as chief executive in 2028
Online grocer says Tim Steiner will remain as CEO until December 2027 before taking on ‘founder role’ for a further year Ocado’s c…
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Sky owner announces £1.6bn takeover of ITV’s broadcasting arm
US telecom giant Comcast to snap up free-to-air TV channels and streaming platform to create UK’s biggest commercial broadcaster S…
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Big brewers ‘misleading drinkers’ over craft beer credentials, says Camra
Campaign group calls on watchdog to investigate sector amid claims of anti-competitive practices elbowing out independents Big bre…
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Revealed: landmark Scottish AI project has no prospect of meeting renewables promise
Exclusive: Government and developers privately acknowledged Lanarkshire datacentre site had power provision ‘issue’ ‘It’s smoke an…
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The new Isa rules melt my brain: but that’s not even the worst thing about these changes for first-time buyers | Jason Okundaye
Quite aside from all the convolutions, it’s clear the government is ignorant of the reality for young people like me hoping to get…
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What Sky buying ITV could mean for your favourite shows
Sky is set to buy ITV's TV and streaming channels for up to £1.6bn, the companies announced on Monday.
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UK planning shift risks 32,000 affordable rural homes
The UK government is weighing plans to scrap affordable housing quotas for medium-sized developments to kickstart construction, ri…
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A Place in the Sun review – subversive exposé of picture-postcard luxury in the Canary Islands
Documentary intersperses pastel scenes of spotless tourist resorts with candid interviews with the asylum seekers who labour to ke…