BUSINESS

SpaceX faces intense investor scrutiny as its $1.7 trillion valuation clashes with significant AI losses and trailing revenue behind retail chains like Macy's.

Meta is developing Arena, a prediction app, amid concerns over gambling-like behaviours and its impact on vulnerable users. The app could blur lines between gaming, investing, and gambling.

Microsoft plans to cut under 2.5% of its workforce next week across sales, consulting, and Xbox, with agency contractors already laid off before the fiscal year even closed.

The UK government is considering intervening in Paramount's $110 billion acquisition of Warner Bros. Discovery due to concerns about media plurality and competition, with a decision expected after 6 July.

With MiCA's July 1 deadline now here, crypto firms that secured licences are poised to dominate Europe's market, others are cutting services or eyeing Dubai, where enquiries have surged

New York City's new pied-à-terre tax impacts luxury real estate, targeting Ken Griffin's $238M penthouse. Discover who bears the cost and the tax's implications for property owners.

Lionel Messi's 'Spider-Man: Brand New Day' cameo went viral, but Sony has not revealed his fee. We estimate what the star's appearance could be worth.

Warren Buffett pauses his annual donation to the Gates Foundation, awaiting an external review of its past ties with Jeffrey Epstein, raising questions about his relationship with Bill Gates.

Ford has rehired over 300 veteran engineers after AI systems failed to meet quality standards, highlighting the limits of automation and the enduring value of human expertise in manufacturing.

Prime Minister Keir Starmer unveils a £15 billion Defence Investment Plan, emphasising drones and autonomous systems to counter Russian threats, while reallocating funds from less urgent projects.

Our 2026 guide to the best mattresses for back pain in the UK, from the Origin Hybrid Pro to Simba, Emma, Nectar, and Otty, with prices and trials.

Executives at major U.S. companies receive bonuses from Trump tariff refunds, while consumers see no direct relief. Boards adjust payouts to neutralise tariff costs, sparking public discontent.

This Origin LumbarCloud Mattress is a great choice if you're looking for a hybrid that offers plush comfort, cooling performance, and targeted support for better spinal alignment.

Rocket Lab's $8B acquisition of Iridium Communications positions it against SpaceX's Starlink in satellite-to-phone connectivity. Learn about the impact on mobile signals and investor opportunities.

England's World Cup match against Panama is expected to generate £310M in spending, with pubs preparing for a surge in beer sales and fans contributing significantly to the UK economy.

In May, UK mortgage approvals hit an 18-month low at 56,205, as rising interest rates and economic uncertainty deterred buyers. Despite this, house prices continued to rise, creating a complex housing market.

Spotify paid more than $11 billion in royalties in 2025, but many artists still question whether streaming provides sustainable income and fair compensation.

Ford rehired 350 veteran engineers after leaning too hard on AI, then topped JD Power's 2026 quality study for the first time in 16 years.

US employers cut 97,006 jobs in May 2026, the worst May since 2020, as AI was named the leading reason for a third consecutive month.

Morrisons Daily plans to close over 100 stores due to financial losses, impacting hundreds of jobs. The closures follow Lidl surpassing Morrisons as the UK's fifth-largest grocer.

Ford has rehired over 350 experienced engineers to enhance AI-driven quality control, following initial setbacks in defect detection and production quality

More than half of UK first-time buyers receive family support, with £11bn helping bridge deposit gaps as affordability reshapes the housing market.

Social media claims about Vinted listings allegedly disguising child trafficking prompt investigations in France and Germany, though no criminal activity has been confirmed.

Meta is developing a prediction-market platform called 'Arena' amidst controversy over a US soldier's alleged insider trading. The move highlights prediction markets' shift towards mainstream consumer technology.

IBO International emphasises trader support as a key factor in platform quality, enhancing user experience and trust through 24/7 assistance and a secure trading environment.

Justin Fulcher emphasises the importance of compliance and integration in healthcare platforms, arguing that infrastructure, not technology, determines scalability and success in regulated environments.

Volkswagen is considering cutting 100,000 jobs and closing four German plants due to competition from Chinese EVs, soft European demand, and US tariffs, marking a significant restructuring effort.

How private equity allegedly profits from UK fostering agencies impact council budgets and local services. Learn about the financial strain on children's care and the role of public funding.

Larry Ellison's wealth is soaring as Oracle's AI infrastructure investments boost investor optimism, despite workforce reductions. Explore the impact of AI on Oracle's share price and future growth.