Trending Business News
Anthropic sued over alleged theft of ‘tens of thousands’ of songs
Sony Music Publishing and Warner Chappell sued Anthropic, alleging the AI company unlawfully used tens of thousands of copyrighted songs without payment to train its Claude chatbot models.
Kalshi bans former congressman George Santos for life after State of the Union trades
Kalshi has permanently banned former congressman George Santos after finding he misled the public about attending President Trump’s State of the Union to profit from betting markets, imposing a $71,356 fine.
Amazon rigged $20bn worth of ads, US FTC lawsuit alleges
The US FTC and 22 states sued Amazon for allegedly manipulating ad auctions to overcharge advertisers by approximately $20 billion since 2019, harming both customers and advertisers.
Uniqlo, Muji: Japan Inc is betting big on India as China risks deepen
Japan’s largest companies are rapidly expanding in India across retail, finance, and technology sectors, with $12.5bn in new investments announced recently as China risks deepen.
Dry weather sewage discharges soar as water companies face scrutiny
Water company sewage discharges during dry weather surged in the first five months of 2026, with 7,280 incidents recorded compared to 8,576 for all of 2025, raising concerns about regulatory enforcement.
Price rises gather pace in UK shops amid higher energy costs
UK retail price inflation accelerated to 1.5% year-on-year in August, driven by higher energy costs affecting food prices and increased AI chip demand raising technology expenses.
Scarborough B&B boss fears ‘uneven playing field’ tourist tax
A Scarborough bed and breakfast owner warns that a proposed tourist tax in North Yorkshire could disadvantage his business if East Yorkshire does not implement the same levy, potentially driving visitors elsewhere.
Cornwall businesses want permanent VAT cut, ‘not a gimmick’
Cornwall hospitality businesses are calling for the government’s temporary VAT reduction scheme to become permanent, rather than remaining a limited summer initiative.
Boss of City regulator accused of threatening consumer group over £9.1bn car loan scheme
The FCA chief executive is accused of threatening a consumer group with adverse consequences if it pursued legal action against a £9.1bn car loan compensation scheme, according to court documents.
Household energy bills to hit three-year high as Ofgem announces 4% rise from October
UK energy regulator Ofgem announced a 4% increase to the price cap effective 1 October, raising typical household bills by £60 annually amid higher wholesale gas costs tied to geopolitical tensions.
Meta to pay up to $18bn to settle claims its platforms harm children
Meta has agreed to an $18 billion settlement with US states to resolve child safety claims and will implement new protections including default time limits and night-time notification blocks.
Lost in limbo: Where the Paramount merger delay leaves WBD, and what may come next
Warner Bros. Discovery’s proposed merger with Paramount faces regulatory delays and uncertainty, leaving the company unable to execute major strategic initiatives while awaiting deal closure.
The White House’s preferred economic tools are hitting snags
The Trump administration’s export controls and tariffs, intended to protect economic security, are facing delays, legal setbacks, and widespread fraud schemes that undermine their effectiveness.
Qantas may hike fares and expand Jetstar add-on fees as profits dip to four-year low
Qantas reported its lowest pre-tax profits in four years due to fuel costs, signaling potential fare increases and expanded add-on fees for budget carrier Jetstar.
City firms race to prepare for FCA crackdown on bullying and harassment
The FCA will expand its crackdown on bullying and harassment to approximately 40,000 investment firms, hedge funds, and brokers starting next month, requiring companies to report serious misconduct cases.
Why Japanese firms are being so slow to use AI
Japanese companies are adopting artificial intelligence at a much slower pace than their US and UK counterparts, with only 8.4% of workers using AI compared to 50% in the US, due to risk aversion and cultural factors.
New York unseats San Francisco as the top market for tech talent, CBRE reports
New York has surpassed San Francisco as the top U.S. market for tech workers, driven largely by AI job growth and Bay Area contractions, according to a CBRE report.
Goldman Sachs partner warns of ‘huge danger’ in letting AI replace bankers’ reasoning skills
A Goldman Sachs partner warns that widespread AI adoption in banking risks eroding junior bankers’ analytical and reasoning abilities, potentially undermining Wall Street’s traditional apprenticeship culture.
Pubs, bars and hotels report ‘Burnham bounce’ in optimism but call for further tax relief
Hospitality sector businesses report increased optimism following government tax relief measures, though industry leaders warn additional tax cuts are needed to sustain momentum and address rising operational costs.
Argos is getting a makeover – but can it attract new shoppers?
Argos, the British retail chain, is undergoing new ownership and considering expansion plans including new standalone shops, though it faces significant competition from online retailers like Amazon.
Trump admin taps former JPMorgan Chase exec Matt Zames to advise Social Security agency
Former JPMorgan Chase executive Matt Zames will serve as an unpaid advisor to the Social Security Administration, joining commissioner Frank Bisignano to help modernize the agency’s outdated technology systems.
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