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Boehly exits Chelsea as diminished figure after costly transfer missteps

Todd Boehly and Mark Walter have sold their Chelsea stakes to Clearlake Capital, which now holds complete ownership. Boehly's departure ends a tumultuous period marked by costly transfer mistakes and diminished influence over the club's direction.

5 min read

Financial Crisis Warnings Mount as Oil, AI Turmoil and Market Fragility Converge

September has a history of financial turmoil. With oil prices surging, AI industry warnings rattling markets, and geopolitical tensions persisting, economists warn that another crisis could be imminent—and policymakers should prepare now.

5 min read

Four-day workweek has merit, but mandates risk unintended consequences

Sanders and Takano's four-day workweek bill has merit but risks pushing employers toward automation. Tax incentives and voluntary scheduling changes may achieve the goal more effectively than overtime mandates.

5 min read

Employers: share your apprenticeship recruitment experiences

The government is expanding apprenticeship opportunities in England. We're asking employers about their experiences recruiting apprentices, the challenges they face, and what support would encourage wider participation.

3 min read

Canada pursues EU alliance as Trump threatens tariffs over associate member plan

Canadian PM Mark Carney endorses EU proposal for Canada to become the bloc's first associate member, defying Trump's threats of severe tariffs. The move reflects months of escalating trade tensions between Canada and the US.

2 min read

Why Allowing AI Firms to Collude on 'Pacing' Threatens Competition and Safety

Dario Amodei's proposal for AI labs to coordinate on safety standards echoes corporate America's long history of seeking antitrust exemptions. A federal lawsuit now challenges whether this coordination violates competition law.

7 min read

UK Startup Secures $20m to Launch Touring Avatar Concerts Featuring Living and Deceased Musicians

UK music-tech startup Unit1 has secured $20 million in funding to develop touring avatar concerts featuring both living and deceased musicians. The platform aims to offer a more affordable alternative to fixed-venue experiences like Abba Voyage.

5 min read

Calls grow for UK to expand national wealth fund's investment firepower

Unions, thinktanks and charities urge the government to boost the National Wealth Fund's financial capacity to unlock investment in clean energy, infrastructure and regional growth, comparing its £5.5bn annual budget to Germany's €62bn public bank.

5 min read

Europe's Muted Voice in Global AI Safety Debate Risks Strategic Dependence

Europe's absence from the global AI safety debate threatens to deepen its strategic dependence on US and Chinese technology. Central bank leaders and policymakers are now pushing for indigenous AI development and infrastructure investment.

7 min read

Memory chip shortage adds £100 to iPhone prices, reversing decades of cheaper electronics

Apple's £100 iPhone price increase reflects a severe memory chip shortage driven by AI datacentre demand, reversing decades of declining electronics costs. The crisis is pushing up prices across all consumer devices while global smartphone sales plummet.

6 min read

EU seeks rare earth alternatives as China tightens export controls ahead of Trump summit

As Trump and Xi prepare to meet, EU officials scramble to build alternative rare earth supplies. Viridis Mining aims to break China's stranglehold with a Brazilian plant, but the bloc faces years of vulnerability while new sources scale up.

6 min read

Trump's Iran conflict will complicate October budget, minister warns ahead of Burnham-Trump UN meeting

A senior UK minister has warned that Donald Trump's conflict with Iran will make the October budget harder to deliver, as Prime Minister Andy Burnham prepares to meet the US president at the UN this week. Bridget Phillipson said earlier criticism of Trump by Burnham would not damage their relatio...

6 min read