UK inflation: What is the rate and why are prices still rising?
UK inflation reached 3.5% in the year to September, exceeding the Bank of England’s 2% target and driven primarily by higher petrol and diesel costs.
Europe’s car makers are in crisis. Will the threat of war rescue them?
European car manufacturers are pivoting toward military vehicle production as traditional automotive demand declines, with companies like Ford, Renault, and Volkswagen pursuing defense contracts.
Netflix to lay off roughly 1,000 employees, or 6% of workforce
Netflix announced layoffs affecting roughly 1,000 employees, or 6% of its workforce, with cuts concentrated in product, tech, legal, and HR teams.
Bank of America hired 1,000 contractors to patch software flaws exposed by Anthropic’s Mythos
Bank of America hired 1,000 contractors to patch software vulnerabilities identified by Anthropic’s advanced AI model Mythos, spending several hundred million dollars on remediation efforts.
European air fares could rise by as much as 20% in 2027, Ryanair boss predicts
Ryanair’s chief executive predicts European air fares could rise by 10-20% next year due to elevated jet fuel costs stemming from Middle East geopolitical tensions and limited hedging protection.
French borrowing costs hit 24-year high as civil unrest and budget fears spook markets
France’s borrowing costs exceed 5% for the first time in 24 years amid civil unrest and budget deadlock, with yields on 10-year bonds rising sharply as political gridlock persists.