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Amid public concern over the impact of new technology, Silicon Valley’s use of its wealth to influence specific election races is an unwelcome developmentAs the huge societal ramifications of artificial intelligence have become clear, some of the tech industry’s most senior figures have taken to writing thinkpieces on what comes next. The latest to do so is Mark Zuckerberg, who this week published 6,500 words making the case for a laissez-faire approach to AI development. Worrying too

It doesn’t have to be this way. We know what needs to be doneDisturbing news about our water resources is now constant and unrelenting. In just the past few weeks, media have reported that Puerto Rico is suffering a deep water crisis as severe drought has cut water supplies to thousands. The Rhine and Po rivers in Europe are at record low levels. The seven states sharing the Colorado River in the US are fighting over unprecedented shortages, while its major reservoirs have shrunk to th

Barclays says survey shows people feel more secure in jobs and have more leeway to spend on non-essentialsBusiness live – latest updatesConsumer confidence hit its highest level in almost two years in July, according to research that indicated the closing stages of the men’s football World Cup and more people holidaying in the UK lifted summer spending.A truce in the Middle East conflict in June and the arrival of a new prime minister in No 10 also gave a lift to consumers after a long

UN index says weather is affecting wheat yields while conflicts in Ukraine and Iran hit exports and drive up pricesBusiness live – latest updatesGlobal food prices have hit their highest level in three and a half years, as summer heatwaves and conflict in Ukraine and the Middle East push up crop costs.The UN Food and Agriculture Organization (FAO) index of food commodity prices rose last month to its highest level since January 2023, after a jump in prices for cereals, sugar and vegeta

Sadiq Khan criticises Westminster council’s ‘anti-growth policies’ after it recommends stopping ‘vertical drinking’Waiting at the bar and trying to catch the bartender’s eye so you can order a pint, before going to stand with your friends and have a catchup, has been how British

While some users say the wearables have changed their lives, critics voice fears over safety and privacyWith more than 7m pairs reportedly sold in 2025, Meta’s Ray-Ban smartglasses are fast becoming one of the world’s most popular gadgets.While supporters say they are transformin

Watchdogs say adverts in London tube stations broke its rules with ‘realistic impression of a dead child’ Warning: graphic imageFilm posters for The Mummy have been banned from outdoor public display in the UK because they include realistic depictions of a dead child.The UK’s Advertising Standards Authority (ASA) received 30 complaints over the promotional campaign in London tube stations for the new Lee Cronin film. Continue reading...

Wayve Uber wins first minicab licence for autonomous cabs from TfL but vehicles will have a safety driver (at first)The taxi app company Uber and the autonomous technology developer Wayve have been granted the first minicab licences in London, allowing them to offer self-driving taxi rides to paying customers – but with a human safety driver in place, for now.The companies said they would start trips in the UK “later this summer” before the full public launch. Continue reading...

As lenders’ profits soar, calls grow for a levy to help new PM ease cost of living pressures on householdsIt has been a stellar week for UK banks. Fuelled by high interest rates and market turbulence rippling out from the US war on Iran, major lenders have revealed soaring half-year profits that allowed bosses to boost bonus pots and give billions of pounds to shareholders.Collectively, the UK’s four largest lenders – HSBC, NatWest, Barclays and Lloyds – reported £29.2bn in profits ove

Company and subsidiary Statsig alleged by US justice department to have favored foreign workers in hiringOpenAI and a subsidiary will pay $3.2m to settle US government claims that they ⁠favored foreign workers with temporary employment visas and discriminated against US job applicants in recruiting and hiring, the justice department said ⁠on Tuesday.The justice ⁠department in ​a release said that OpenAI and Statsig, which makes product development software, recruited foreign workers fo

One UK man whose bill is usually less than £1 says he ‘almost had a heart attack’ when he saw £5.8bn invoicePeople always suspected big tech was greedy, but not quite like this. Patrons of Amazon Web Services have been landed with panic-inducing monthly bills running as high as $1.5tn for subscriptions that usually cost less than the price of a cup of coffee.From Bangalore to Bolsover, the bills have been causing alarm after a computer glitch resulted in the astronomical invoices being

Exclusive: Andrew Bailey says he does not regret meeting Reform UK leader to discuss cryptocurrency regulationThe Bank of England governor has said he would have put off a meeting with Nigel Farage last autumn had the Reform UK leader’s £5m gift from a crypto billionaire been under investigation at the time.Andrew Bailey said he did not regret meeting Farage to discuss the Bank’s plans for cryptocurrency regulation last September, months before the controversial donation from the Thail