Amazon in talks over $50bn investment in OpenAI as AI arms race accelerates
Amazon is in early talks to invest up to $50bn in OpenAI, as the ChatGPT maker seeks up to $100bn in funding at a valuation of around $830bn amid intense…
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New wave of ‘zombie’ companies faces collapse as financial distress surges
Tens of thousands of UK companies are in critical financial distress, with high taxes, rising wage costs and weak demand threatening a new wave of business failures, warns Begbies Traynor.…
Lloyds to return £3.1bn to investors as profits surge past forecasts
Lloyds Banking Group will return more than £3.1bn to shareholders through dividends and buybacks after posting stronger-than-expected profits of £6.66bn. Read more: Lloyds to return £3.1bn to investors as profits…
Octopus Energy strikes major China joint venture during PM visit
Octopus Energy has announced a new joint venture with China’s PCG Power to trade renewable energy, aiming to handle up to 140TWh a year by 2030 and export British energy…
Driverless taxis could hit UK roads as early as September, Waymo says
Waymo says it hopes to launch a driverless robotaxi service in London as early as September, ahead of planned UK regulatory changes to allow autonomous taxis. Read more: Driverless taxis…
UK bans Coinbase adverts that suggested crypto could ease cost-of-living pressures
The UK’s advertising watchdog has banned Coinbase adverts that implied cryptocurrency could help address cost-of-living concerns, ruling they trivialised the risks of crypto investing. Read more: UK bans Coinbase adverts…
Apple posts record iPhone sales as Mac revenues fall
Apple has reported its best-ever iPhone sales in the final quarter of 2025, lifting overall revenues to $144bn, although Mac and wearables sales declined. Read more: Apple posts record iPhone…
Tesla axes Model S and X as revenues fall and focus shifts to AI and robotics
Tesla has reported its first annual revenue decline as it cuts the Model S and Model X, pivots manufacturing to humanoid robots and deepens investment in AI. Read more: Tesla…
US dollar’s global role at risk – German regulator
US dollar’s role as a reserve currency could be weakened, including due to politicization, the German financial supervisory authority said Read Full Article at RT.com
China to allow visa-free travel for British visitors as UK seeks closer trade ties
China will allow British citizens to travel visa-free for up to 30 days after talks between Prime Minister Keir Starmer and President Xi Jinping, as the UK looks to boost…