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UK sanctions Russia’s oil giants over Ukraine war
Britain is targeting Russia’s largest oil companies and the country’s “shadow fleet” of oil tankers in a bid to cut off Vladimir Putin’s ability to fund the war in Ukraine. The UK government is also pursuing a major Indian oil refinery and four Chinese oil terminals in a package of 90 new sanctions. Chancellor Rachel…
Lib Dem Daisy Cooper vows to end computer says no economy to boost growth
Liberal Democrat deputy leader Daisy Cooper has warned the UK’s economic growth is being held back by a “computer says no” approach. She unveiled a 30-page growth plan, external aimed at removing barriers to business as part of her speech to the Lib Dem conference in Brighton. Cooper, who is also the party’s Treasury spokesperson,…
UK stock market hit by nerves over US banks
Ben KingBusiness reporter Getty Images The UK’s stock market has fallen after a warning from two US banks triggered a sell-off in banking shares. Two US regional lenders, Western Alliance Bank and Zions Bank, said on Thursday that they had been hit by either bad or fraudulent loans, sparking fears of problems in the banking…
Anthropic warns of AIs catastrophic risks ahead of blockbuster share listing
Anthropic has warned artificial intelligence could pose “catastrophic or existential risks to humanity” as it unveiled details of its planned blockbuster stock market listing in the US. The company behind AI chatbot Claude revealed losses of more than $80.7bn (£60.5bn) in the first half of the year, but said it had $112.4bn in cash or…
Walmart becomes first retailer to hit $1tn market value
Walmart is the biggest brick-and-mortar retailer in the US and is known for its low prices. It has benefited from a trend of higher earners trading down to lower-priced items, as the jobs market cools and inflation persists. Its speedy home delivery offering has also enticed shoppers from households across income brackets.
