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 valuat...
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Business
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...
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...
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...
Implementation of the Employment Rights Act 2025: what employers need to know
The Employment Rights Act 2025 received Royal Assent on 18 December 2025, and the Act will be implemented on a phased ba...
Aldi to open 40 new UK stores in 2026 as part of £370m expansion
Aldi plans to open 40 new UK stores in 2026 under a £370m investment, targeting towns without an Aldi as it works toward...
Ministers again reject Waspi compensation claims after fresh review
Ministers have again ruled out compensation for women affected by state pension age changes, despite a fresh review, pro...
UPS to cut 30,000 jobs as it accelerates shift away from Amazon deliveries
UPS plans to cut up to 30,000 jobs in 2026 as it continues to scale back low-margin Amazon deliveries, despite forecasti...
National Wealth Fund to double investment pace with focus on clean energy and green steel
The National Wealth Fund plans to invest up to £5bn a year in clean energy, green steel and infrastructure, aiming to un...
Poundland owner Gordon Brothers buys LK Bennett out of administration
LK Bennett has been bought out of administration by Gordon Brothers, the US firm behind Poundland’s rescue, putting the...
Liz Kendall unveils AI ‘Future of Work’ unit and pledge to upskill 10 million workers by 2030
Science and Technology Secretary Liz Kendall has announced a new cross-government Future of Work Unit, a £27m TechLocal...
Litestream Ventures secures $78m in investor pledges at Davos forum
Litestream Ventures recorded $78m in non-binding investor pledges during the World Economic Forum, debuting new pledge-b...
£162bn of UK exports at risk as firms struggle to collect payments from US, China and India
Almost a quarter of UK exports are exposed to high payment collection risk in the US, China and India, putting £162bn of...
LVMH results point to prolonged pressure across the luxury market, says GlobalData
LVMH’s full-year 2025 results show falling revenues across key regions and categories, signalling that structural challe...
Modern Milkman raises £10m to scale sustainable doorstep delivery
Sustainable grocery delivery firm Modern Milkman has secured a £10m investment from Salica Investments to expand its UK...
India and EU strike landmark trade deal after two decades of talks
India and the European Union have agreed a landmark free trade deal, cutting tariffs and boosting market access across g...
Anti-snoring innovators secure £1.48m NIHR funding to tackle sleep apnoea at its source
UK sleep tech company Zeus Sleep has secured £1.48m in NIHR funding to run a major NHS-backed clinical trial into a new...
Labour MPs urge chancellor to halt business rates rise for music venues
Nearly 50 Labour MPs have urged Rachel Reeves to pause a looming business rates rise for music venues, warning that bill...