AI-resistant ‘halo’ stocks drive UK and EU markets to record highs Investors shifting to ‘heavy-asset, low-obsolescence’ companies insulated from disruption, says Goldman Sachs
Paramount Skydance wins Warner Bros Discovery bid after Netflix walks away from deal Streamer said ‘deal no longer financially attractive’ at price required to match offer by David Ellison’s firm
Jack Dorsey to cut 4,000 jobs due to AI advances at Square parent Block Shares in company increased over 20% as investors were encouraged by CEO’s assertion that cuts will drive profits
World Economic Forum CEO quits after Epstein links examined; Ineos Quattro earnings fall – as it happened Rolling coverage of the latest economic and financial news
Tell us: how will the UK’s landline switch-off affect you or your family? The UK will phase out traditional home phones by 2027, but the switchover has been stressful for some. How do you feel about the change?
Rolls-Royce boss pushes for UK taxpayer support for new jet engine Firm, which has announced record profits and £9bn share buyback, has £3bn project for smaller commercial planes
WPP to sell assets and cut jobs in radical shake-up to counter AI threat Group aims to be ‘simpler, lower-cost, AI-enabled business’ and achieve £500m of annual savings by 2028
Netflix or Paramount: who would be the best new owner of Warner Bros? The ongoing battle over for the iconic film studio is set to have a major impact on what we, the viewers, get to watch
Keen bosses, strange mistakes and a looming threat: workers on training AI to do their jobs Some say the technology is devaluing their work, while others reckon it is not yet – and might never be – good enough to replace them entirely
Nvidia quarterly earnings show immunity to AI bubble fears as it cashes in on datacenter boom Chipmaker’s quarterly earnings surpassed Wall Street’s expectations every quarter for multiple years
Top US body-camera maker reports record revenue amid Trump immigration crackdown Axon sees ‘major opportunities’ as Congress proposes $20m for ICE body cameras but data privacy experts warn of risks
Signs of psychosis seen in Australian users’ interactions with AI chatbots, expert warns Toby Walsh says he despairs at Australian government’s lack of regulation of artificial intelligence
US datacenters face slew of problems amid grassroots protests against AI New constructions delayed or cancelled, raising questions about US’s ability to expand infrastructure to support boom
New datacentres risk doubling Great Britain’s electricity use, regulator says Ofgem says about 140 proposed projects, driven by AI use, could require more power than current peak demand
Netflix boss says $83bn Warner Bros takeover will benefit industry Comments by Ted Sarandos follow Donald Trump’s demand for company to remove Democrat from board