UK companies plan to invest in AI instead of hiring staff as costs rise

PM plans to 'unleash AI' across UK to boost growth

Leading tech firms are said to have committed £14bn towards the project, which could create more than 13,000 jobs.

BBC News - 22m

Spike in UK borrowing costs raises specter of public spending cuts

Former U.K. Finance Minister Vince Cable told CNBC on Friday that the UK was not in an "emergency panic situation," but was stuck in a low-growth trap.

CNBC - 1h

Inside Elon Musk’s Plan for DOGE to Slash Government Costs

Mr. Musk has turned to Silicon Valley to help recruit executives who will take up unofficial positions across the federal government.

The New York Times - 22h

A delay in GOP’s tax plans could push up costs by hundreds of billions

Politico - 2d

Logistics groups move Chinese staff to help companies tackle Sino-US trade tensions

DHL, Ceva Logistics and Kuehne+Nagel are redeploying Mandarin speakers to help China’s manufacturers set up overseas

Financial Times - 1d

AI threatens companies with crippling cyberattacks. Here’s their best defense.

Cybersecurity threats are no longer occasional, isolated incidents but a relentless, daily battle.

MarketWatch - 1d

UK government borrowing costs rise towards 16-year high

Yields jump after strong US jobs data, threatening to wipe out room for extra borrowing under Labour’s budget rules

Financial Times - 2d

L.A. wildfires to cost insurers more than $20 billion. Three companies are likely to foot most of the bill.

Allstate, Chubb and Travelers are likely to be the publicly traded insurance carriers most affected, as they are the most exposed to the California homeowners’ market.

MarketWatch - 2d

Pound falls to lowest in over a year after UK borrowing costs rise

Economists have warned the rise could mean further tax hikes or spending cuts by the government.

BBC News - 3d

UK borrowing costs rising - what does it mean for me?

Government borrowing costs have hit their highest level for several years - what does it mean for you?

BBC News - 3d

4 in 10 companies planning job cuts due to AI: Survey

Companies across the globe, at least four in 10, are likely to cut jobs as artificial intelligence (AI) continues to advance, new research shows. A survey in the World Economic Forum's (WEF) latest ...

The Hill - 3d

Tesco and M&S warn of rising costs but pledge to minimise price increases

Shares in retailers fall despite positive Christmas trading

Financial Times - 3d

UK recruiters report fresh slowdown in hiring as planned tax rises bite

Survey results will heighten investor concerns over stagflation threat in economy

Financial Times - 4d

Robots haven't taken over yet, but AI investments are powering more of the economy

Firms are pledging billions of dollars toward building out artificial intelligence networks. But jobs from that spending may be hard to come by.

NBC News - 4d

AI Startup Anthropic Plans to Raise $2 Billion at a $60 Billion Valuation

The new funding round, led by Lightspeed Venture Partners, sees the company at more than triple its 2024 valuation of $18 million.

Inc. - 4d

UK 10-year borrowing costs hit highest level since 2008

Treasury seeks to reassure markets as gilt sell-off threatens the government’s ability to meet its fiscal rules

Financial Times - 4d

Heads say they face tough choices on school spending as costs rise

A new report says schools in England may have to make cuts to meet pupils' needs and cover pay rises.

BBC News - 5d

UK school budgets eroded by spiralling special needs costs, report shows

SEN spending and higher wages leave headteachers facing ‘very tight’ accounts in 2025, says IFS

Financial Times - 5d

Toyota invests $44.4M in private Japanese spaceflight company

Yahoo News - 5d

Trump announces Dubai company will invest at least $20 billion in U.S. data centers

DAMAC Properties is the latest foreign investor to announce plans for the U.S. since Donald Trump's victory.

CBS News - 5d

Faisal Islam: Soaring UK borrowing costs are a problem for Rachel Reeves

The Chancellor may face the prospect of breaking her own Budget rules

BBC News - 5d

UK long-term borrowing costs hit highest level since 1998

Rising interest costs raise fears about chancellor’s ability to hit revised fiscal rules

Financial Times - 5d

Want to land a remote job in 2025? These 20 companies are hiring—some jobs pay over $100,000

FlexJobs saw a 20% increase in the number of remote job listings in 2024 over 2023 — up 9% from the year prior.

CNBC - 5d

Microsoft Plans to Invest $3 Billion on AI, Cloud Infrastructure in India

The company plans to grow the company’s Azure cloud business in India and set up new data centers.

The Wall Street Journal - 5d

Coastal Carolina hires Grayson McCall to staff: Three-time Sun Belt Player of the Year returns as analyst

McCall, a one-time Coastal Carolina star, retired from college football in October due to a serious concussion

CBS Sports - 6d

Target-date funds — the most popular 401(k) plan investment — don't work for everyone

Target-date funds are poised to capture about two-thirds of all 401(k) contributions by 2027. While they benefit many investors, others may see drawbacks.

CNBC - 6d

Microsoft Says AI Will Lead To Job Losses, Invests $80 Billion In The Tech

Microsoft has doubled down on its plan to invest $80 billion into artificial technologies in 2025, while at the same time admitting that advancements to the technology will lead to job losses. This ...

GameSpot - 6d

UK firms plan price rises as business confidence falls to lowest level since 2022 ‘mini-budget', survey finds

Firms across hospitality, manufacturing, construction and healthcare expressed concerns about how they would cover additional tax costs.

CNBC - 6d

Chinese robot vacuum cleaner company reveals model with an AI-powered arm

Chinese robot vacuum cleaner company Roborock says its new model has an artificial intelligence-powered folding arm for removing socks and other obstacles.

CNBC - Jan. 5

UK businesses plan price increases as Budget drives up costs

Tax and wage rises have caused confidence to ‘slump’, warns British Chambers of Commerce

Financial Times - Jan. 5

Amazon’s satellite project pushes ahead with UK broadband plans

Filings show Kuiper initiative held meetings with MoD as tech group bids to rival Starlink

Financial Times - Jan. 5

Scam Recruiters Are Hiring for Your Company. Here’s How to Fight Back

Employers are collateral damage in a common hiring scam. These scammers can harm prospective hires and damage your company reputation.

Inc. - Jan. 4

A Book App Used AI to ‘Roast’ Its Users. It Went Anti-Woke Instead

One year-end summary from Fable, a social app where people share what books they read, told the user, “Don’t forget to surface for the occasional white author, OK?”

Wired - Jan. 3