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SpaceX shares make engineer a millionaire as IPO sparks debate

SpaceX engineer Andre Lavoie plans to sell some of his 200,000 shares, now worth about $23m, after the company's record Nasdaq listing created thousands of new millionaires.

5 min read

Passengers frustrated by ongoing glitches in new ScotRail app

Passengers are still reporting problems with ScotRail's new booking app a week after its troubled launch, with issues affecting return tickets, season tickets and rail cards.

3 min read

Hand holding a smartphone displaying the ScotRail app journey planner. The screen shows a search for train travel from Exhibition Centre (Glasgow) to Glasgow Central, with options for ticket type, travel date, departure time, passengers and railcards. The background is an out-of-focus tiled pavement.

Disney and TikTok strike deal for film and TV clips in creator videos

Disney and TikTok have agreed a deal letting creators use clips from Disney films and subsidiaries in videos, starting in the US before expanding internationally.

3 min read

A still of Buzz and Woody from Toy Story 5, both looking shocked

EA sold for $55bn to Saudi-led group in historic buyout

Electronic Arts has been sold for $55bn to a Saudi-led group including the Public Investment Fund, taking the maker of EA FC, The Sims and Mass Effect private.

1 min read

A screenshot from EA's EA FC 27, showing England's Jude Bellingham in white on the football pitch, saving a pass from the opposing team in red.

Asian shares rally on AI rebound as oil prices ease

Asian shares rose as investors returned to AI stocks, while oil prices fell on hopes of a peace deal. Wall Street’s AI revival came despite AMD and SpaceX setbacks.

4 min read

A billboard of SpaceX is pictured on the day of SpaceX's initial public offering (IPO) at the Nasdaq MarketSite, in New York City.

Workers in the Philippines face AI disruption in outsourcing

The Philippines’ outsourcing sector, which employs about 1.9 million people, is facing pressure from AI as workers say they trained systems that later replaced them.

7 min read

File picture of an employee speaking on the phone as she works in a Manila call centre.

SpaceX reports first quarterly loss as spending surges

SpaceX’s first quarterly report as a public company showed revenue up 92% to $7.8bn but spending rising more than 550% to $18.3bn. Shares fell nearly 9% after hours as investors watched for signs of profit.

4 min read

SpaceX chief executive Elon Musk walking onto a stage and waving, wearing a black suit, white collared shirt and shiny off-white neck tie.

Metro Bank customer seeks £14,000 refund after Claude-linked fraud

Zoli Rutter says £14,244 was taken from his Metro Bank account in a fraud linked to Claude credits, prompting a refund dispute involving Metro Bank and Anthropic.

4 min read

East London datacentre plan approved despite local opposition

Angela Rayner has approved a £500m Truman Brewery redevelopment in Brick Lane, clearing the way for a datacentre, offices and apartments despite opposition from Tower Hamlets council and campaigners.

4 min read

A man pointing at a drawing showing redevelopment plans on street next to a wall covered in graffiti

Why making AI services pay is so hard

AI firms and software vendors are struggling to price token-based services as costs, usage and model pricing change rapidly.

5 min read

Apple mounts new UK legal challenge over encrypted iCloud access

Apple has launched a fresh legal challenge to a UK demand for access to encrypted iCloud data, reviving a dispute over advanced data protection, secret surveillance powers and privacy rights.

6 min read

$2m crime novel deal collapses amid AI questions

Jerry Falade’s debut crime novel deal has collapsed after agents said they could no longer verify how the manuscript evolved amid AI concerns.

5 min read

Hands type on a tablet with attached keyboard on a white desk surface

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