International
Very cold war: Who’s attacking Europe’s supermarket freezers?
Cold stores in supermarkets across Europe have been targeted in a cyberattack with no clear culprit.
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Business
The latest published reporting in this category.
International
The RBA is split over the inflationary effects of the latest rate hike. For Australians, it’s a bitter pill
The country’s economic outlook makes for grim reading – with two major exceptions
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International
For Avelima’s family, every RBA rate hike means more shifts, a stretched budget – and less time together
Australian families feel like the goalposts are ‘constantly moving’ as they face the impact of a fifth rate rise
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Finance
Car finance: Barclays becomes first big lender to offer payouts for mis-selling of loans
Bank to make ‘early settlement’ offers before outcome of legal battle, with those who accept likely to get money before Christmas Barclays will this month start offering compensation to tens of thousands of people who claim they were mis-sold car loans, with some of those who accept likely to see the money land in their account before Christmas. Amid an ongoing legal battle over an industry-wide compensation scheme for victims of the UK’s car finance scandal, Barclays has become the first big UK lender to break cover and begin offering payouts to some customers who have complained. Continue re
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International
Midterms live: polls open on the East Coast for decisive elections in the US.
Americans go to the polls this Tuesday, November 3 for midterm election day. Democrats are expected to regain control of the House, although control of the…
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Finance
Virgin Media O2 to cut thousands of jobs as it plans £800m cost savings
Up to 25% of 16,000 workforce could go as telecoms group says it will increase use of AI in areas including customer service Business live – latest updates Virgin Media O2 is to cut thousands of jobs in an £800m cost-cutting drive as the telecommunications company aims to tackle its £22bn debt pile. VMO2, which is jointly owned by Liberty Global and Telefónica, said £300m of the savings target will come from job cuts that will reduce the company’s employee wage bill by 30% over the next two years. Continue reading...
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Finance
Drivers may get compensation offers before car finance saga ends
The regulator says it supports lenders offering early compensation offers, as long as they are fair.
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Finance
UK’s most polluting power plant could power country’s largest AI datacentre
Drax’s FTSE 250 owner strikes £20bn deal to build infrastructure in what it says is site’s ‘next chapter’ Britain’s most polluting power plant could soon power the country’s largest datacentre under a £20bn deal to build AI infrastructure on the site of the Drax power plant in North Yorkshire. The power plant’s FTSE 250 owner has struck a deal with the infrastructure investor Brookfield and and the AI infrastructure platform Radiant to develop a datacentre with an eventual capacity of more than 1 gigawatt that could begin operations by early 2028. Continue reading...
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Finance
'Quiet quitting' could be hitting the economy - here's why
Britons have become less engaged with the jobs they do and are less willing to put in extra effort, a report has found.
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International
‘In the trenches’: Wisconsin’s struggling small businesses could turn a Trump ally’s district blue
Affordability and small businesses’ economic woes feature heavily in the House race for Wisconsin’s third district
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International
Are prediction markets accurate on elections? The US midterms are a big test
Polymarket and Kalshi have risen for collecting the ‘wisdom of crowds’. But after high-profile blunders, some wonder if their predictions were just ‘stupid people getting lucky’
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Finance
Asda appoints former Morrisons boss as chief executive as sales struggle
David Potts to take over immediately as executive chair Allan Leighton steps back to non-executive strategic role Business live – latest updates Asda has appointed David Potts, the 69-year-old former boss of Morrisons, as its chief executive with immediate effect as it continues to struggle to lift sales. The UK’s third largest supermarket said its 73-year-old executive chair, Allan Leighton, who has been running the business since 2024, would now step back to a non-executive role focusing on “the long-term strategic agenda for the business”. Continue reading...
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