Economy & Money
European economy, markets, the euro, ECB, inflation and business.
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The lawyer who took on Meta – and won – podcast
When Mark Lanier and his young client Kaley faced Meta and Google in an LA courtroom earlier this year, it seemed a bigger battle …
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Xbox axes 3,200 staff as it abandons Game Pass expansion
Microsoft’s Xbox is cutting 3,200 jobs to abandon its subscription-driven growth model, a strategic reversal that signals deeper t…
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Lawsuit claims Meta AI targeted staff on medical and maternity leave
A lawsuit alleging Meta used artificial intelligence to systematically target workers on protected leave for mass layoffs undersco…
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Frequent job hoppers earn 31% more in UK salary data
Young workers who switch jobs frequently earn a 31% salary premium in the UK, a trend dubbed "lily padding" that is forcing busine…
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UK BNPL rules force affordability checks on Klarna, Clearpay
New UK regulations requiring Buy Now Pay Later lenders to conduct affordability checks will reshape the market for European fintec…
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UK MPs urge fast food bans near schools and tighter advertising rules
A cross-party parliamentary committee is demanding stricter planning powers and advertising bans to curb an obesity epidemic that …
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UK to compensate heating oil users hit by Iran war spike
The UK competition watchdog will compensate households penalised by heating oil suppliers during the recent Iran conflict price sp…
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India-UK free trade deal takes effect, reshaping key markets
A new free trade agreement between Britain and India eliminates the vast majority of tariffs, offering London a crucial post-Brexi…
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BoE's Bailey warns US cannot secure AI alone
The Bank of England governor has warned Washington that unilateral AI restrictions will fail, as a looming UK leadership change fa…
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Chipotle takes Tex-Mex to Mexico in test for global expansion
The US fast-casual chain is opening its first Mexican branch this week, a high-risk move that will test whether Americanised ethni…
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US tariffs on Brazil target digital sovereignty, warning for Europe
Washington’s plan to hit Brazil with 25% tariffs over its regulation of US tech firms and its domestic payment system sets a stark…
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Buffett redirects billions from Gates Foundation to family trusts
Warren Buffett has halted two decades of annual donations to the Gates Foundation, redirecting his remaining fortune to family cha…
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US drops Hormuz cargo fee as naval blockade on Iran resumes
President Donald Trump has abandoned a planned 20% toll on Strait of Hormuz shipping in favour of Gulf investment deals, though a …
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Trump forced to refund billions in tariffs - The Latest
The US government has been forced to pay billions in refunds to companies that were hit by Donald Trump’s ‘liberation day’ tariffs…
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Stranded £40m Dover terminal threatens EU summer travel
A £40m border facility built to process new EU biometric checks sits unused at Dover, risking severe summer congestion at Europe’s…
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IBM loses quarter of value as AI hardware rush diverts corporate budgets
IBM’s shares lost a quarter of their value after a profit warning showed corporations are diverting software budgets to secure AI …
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Buffett cuts Gates from $6bn donation, accelerates $140bn plan
Warren Buffett has cut the Gates Foundation from his annual donations following the disclosure of Bill Gates’ ties to Jeffrey Epst…
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£5.5m fake kit raid highlights scale of Europe's counterfeit trade
Scottish authorities have seized over 158,000 fake football shirts worth £5.5m, exposing a vast illicit supply chain that deprives…
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$50.1m T-Rex sale highlights fossil market boom, European academics warn
A Tyrannosaurus rex skeleton has sold for a record $50.1m in New York, underlining a booming alternative asset market that Europea…
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Cincinnati rail sale creates $1.9bn fund but blocks housing fix
Norfolk Southern’s $1.9bn acquisition of a city railway has created a massive infrastructure fund, but political gridlock means it…
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Bank of England warns of AI bubble as UK loosens capital rules to spur tech lending
The UK is relaxing post-2008 banking rules to stimulate artificial intelligence investment, even as the central bank warns of a ma…
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De Beers halts South African mine as diamond prices plunge
De Beers is suspending production at its largest South African mine for two years, signaling a deep structural crisis in the diamo…
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US inflation eases to 3.5% as oil spike stalls Fed rate cuts
A drop in US inflation to 3.5% is likely to be temporary after Middle East tensions pushed Brent crude above $87, keeping pressure…
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US inflation eases to 3.5% on brief Iran truce, but oil prices surge again
A brief US-Iran ceasefire pushed American inflation down to 3.5% in June, but the collapse of that deal and new Gulf tensions thre…