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Musk Says Tesla-SpaceX Merger Is Under Active Consideration

Elon Musk says a merger between Tesla and SpaceX would be beneficial and is under active consideration by special committees at both companies, though shareholder approval would be required.

2 min read

UK Regulator Pushes Apple to Lower Fees and Widen Contactless Payment Access

The UK's Competition and Markets Authority is pushing Apple to lower fees and grant broader access to its contactless payment technology, arguing current restrictions block innovation. The proposals could enable new payment apps and services already available in the EU.

6 min read

Flutter cuts 1,400 jobs citing UK betting tax burden

Flutter Entertainment plans to cut 1,400 jobs, with the company blaming tax increases on online betting and casino gaming introduced in the November Budget. The redundancies will affect staff in the UK, Ireland, Portugal and Romania.

1 min read

Ryanair offered £67m grant for Northern Ireland engine maintenance facility

Ryanair will be offered a £67m subsidy to establish an engine maintenance facility in Northern Ireland, potentially creating up to 600 jobs. The investment, described as the largest inward investment in two decades, will be funded through the Enhanced Investment Zone and UK government support.

2 min read

Revolut Hit by Major Outage Affecting Payments and Fund Access

Revolut experienced a widespread outage affecting card payments, transfers, and ATM withdrawals on Tuesday morning, with over 1,500 users reporting issues. The neobank assured customers their funds and data remained secure.

2 min read

UK unemployment falls to 4.7% ahead of budget, but job vacancies hit 12-year low

UK unemployment fell to 4.7% in August, beating forecasts, but job vacancies hit a 12-year low at 691,000 as small firms cut hiring due to rising labour costs ahead of Chancellor Healey's Budget.

7 min read

UK Job Vacancies Fall Sharply as Small Firms Rein in Hiring

UK job vacancies fell by 21,000 to 691,000 in the three months to September as small firms cut hiring due to rising labour costs, energy expenses, and increases in National Insurance and minimum wage.

2 min read

Healey rules out raising Capital Gains Tax to prevent investor exodus

Chancellor John Healey has rejected calls from Labour MPs to raise Capital Gains Tax in his first Budget, citing concerns that higher rates could trigger investor exodus and reduce government revenues.

4 min read

Uber wins court battle to dismiss £340m black cab drivers' lawsuit

A High Court judge has dismissed £340m in claims from London black cab drivers and two private hire firms against Uber, ruling the lawsuits were filed too late. The court did not examine whether Uber gave Transport for London misleading information in 2012.

3 min read

China's exports power growth to 4.5% as French unrest rattles euro and bonds

China's third-quarter GDP grew 4.5%, beating forecasts as exports surged despite weak domestic demand. French protests have rattled markets, pushing the euro lower and French bond yields higher ahead of a budget vote.

4 min read

Welsh house prices rise 4% annually, but affordability remains strained across regions

Welsh house prices rose 4% annually to June, but affordability remains challenging with prices reaching 7.5 times income in some areas. Anglesey led growth at 22%, while Ceredigion fell 9%. Regional variations and cost-of-living pressures shape buyer confidence.

6 min read

Anthropic commits 5% of shares to public benefit fund ahead of IPO

Anthropic announces it will commit 5% of its shares to a public benefit fund supporting nonprofits and AI labour market research, subject to stockholder approval, as it prepares for a potential $1 trillion IPO valuation.

3 min read