Business

June 12 (Reuters) - Anthropic announced on Friday that it will "immediately disable" its most advanced artificial intelligence models for all users after the U.S. government instructed the company to suspend access for foreign nationals, citing national security concerns. According to a company statement, Anthropic received an export control order requiring it to halt access to its Fable 5 and Mythos 5 models for all foreign nationals. The directive did not include detailed

Chief executive pay climbed by almost 6% in 2025, reaching an average of $17.7 million, as corporate boards rewarded leaders for increasing profits and delivering stronger returns to shareholders. Compensation packages were also designed to encourage executives to remain in their roles and sustain company performance in the coming years. Among the companies reviewed in the AP’s analysis, a worker earning the median salary would need 200 years to match what a CEO earned in a single year. In the

June 8 (Reuters) - ChatGPT creator OpenAI has confidentially submitted paperwork for a U.S. initial public offering, the company confirmed on Monday, aligning with rival Anthropic in moving toward the public markets as investors look for greater access to the artificial intelligence surge. OpenAI did not reveal the size or pricing details of the proposed offering and said no specific timeline has been set. “It may take some time because certain initiatives are easier to pursue as a private

A former chief executive of Marks & Spencer has been named as a government adviser on employment, marking the latest effort to confront the escalating crisis of youth unemployment. Marc Bolland, who led the high street retailer between 2010 and 2016, is set to chair a summit bringing together senior business figures, as concerns grow that the UK could face a “lost generation” without swift and decisive action. Roughly 1 million young people aged 16 to 24 — around one in eight — are

WASHINGTON (AP) — Each morning, Anna Gomez reaches for her phone with a single question in mind: Has President Donald Trump dismissed her yet? For the moment, she remains the only Democrat serving on the Federal Communications Commission. From that position, she has taken on what she views as an urgent responsibility — urging media organizations to resist what she describes as an administration determined to restrict free expression. Her most immediate concern is Disney, the parent company of

Drivers scaling back their petrol and fuel spending at the sharpest pace since the Covid lockdowns of 2020 pushed retail sales in Great Britain to their steepest monthly fall in a year. The Office for National Statistics (ONS) reported that total retail sales volumes dropped by 1.3% in April compared with March. This marked the largest monthly decline since May of the previous year and was significantly worse than the -0.6% decrease analysts had anticipated. Fuel sales tumbled by more than 10%

Cambridge South station, whose opening was postponed, is now set to welcome passengers in late June – and it will make history as the first station to carry full Great British Railways branding, according to the government. Located next to the city’s Biomedical Campus, recognised as Europe’s largest centre for medical research, the new station will provide direct rail connections to London, Brighton and Stansted Airport. It will also offer as many as nine services per hour into central

A US trade court ruled on Thursday against Donald Trump’s recent 10% global tariffs, determining that the sweeping measures were not warranted under a trade statute from the 1970s. The US Court of International Trade sided with a group of small businesses that had challenged the tariffs, which came into force on 24 February. The decision was issued in a 2-1 vote, with one judge dissenting on the grounds that it was too early to grant judgment in favor of the plaintiffs. The small businesses

The robotics entrepreneur who helped bring the Roomba vacuum into millions of homes is now pursuing a new idea: a plush robotic companion that could one day stand in for a cherished dog or cat, trailing behind you and adjusting to your everyday routines. On Monday, Colin Angle introduced a four-legged prototype of this artificial pet, known as the Familiar. About the size of a bulldog, it features wide, gentle eyes and rounded ears and paws reminiscent of a bear cub. The creature can stretch

Heathrow’s newly appointed chair has begun discussions with airlines and billionaire property developer Surinder Arora in an effort to calm a dispute that risks causing further delays to the £49bn proposal for a third runway at Europe’s busiest airport. Philip Jansen, who took up the role earlier this year, is believed to have met with major carriers and with Arora, who is promoting a rival £25bn expansion blueprint, to explore compromise solutions in an ongoing disagreement over costs and

WASHINGTON, May 2 - Bankrupt low-cost airline Spirit Airlines ceased operations on Saturday, becoming the first airline failure tied to the ongoing Iran war, after it was unable to win creditor backing for a proposed U.S. government rescue package. The shutdown marks the first airline collapse linked to the sharp rise in jet fuel prices during the two-month conflict, a development that will eliminate thousands of jobs. The failure also represents a setback for President Donald Trump, who had

The sharp rise in fuel costs triggered by the conflict in Iran has accelerated global interest in electric vehicles, and Chinese automakers are seizing the moment. China remains the leading producer of EVs worldwide. Although its brands are still largely excluded from the vast US car market, they are seeing growing demand and increased dealership orders across Asia and other international regions. BYD, which surpassed Tesla last year to become the world’s biggest seller of electric vehicles and

April 10 – OpenAI announced on Friday that it has discovered a security concern related to a third-party developer tool known as Axios. The company said it is taking action to safeguard the process used to verify that its macOS applications are officially recognized as authentic OpenAI software. The creator of ChatGPT stated that there is no indication that user data was accessed, nor is there evidence that its systems or intellectual property were breached. The company also confirmed that its

Global oil prices moved higher amid mounting doubts about whether the fragile ceasefire between the United States and Iran will endure, following a new wave of Israeli airstrikes on Lebanon. The strikes prompted Tehran to caution that it would deliver a “regret‑inducing response” if the attacks persist. Meanwhile, US President Donald Trump stated that American forces would stay in the region until Iran adheres to what he described as the “real” ceasefire arrangement. Oil markets had dropped

Billionaire investor Bill Ackman’s hedge fund has made an offer to acquire Universal Music Group (UMG) in a transaction that values the world’s largest music company at approximately €55bn (£48bn). Pershing Square, the New York-based investment firm, has proposed a cash-and-stock takeover of the company, whose artists include global names such as Taylor Swift and Elton John. In a statement, Ackman said that under the leadership of British-born Sir Lucian Grainge, the company had done “an

Global oil prices surged and stock markets across Asia tumbled on Monday as the US-Israel conflict with Iran moved into its fifth week. Brent crude climbed more than 3%, rising above $115 (£86.77) per barrel, while US benchmark oil advanced nearly 2% to $101.62. The latest jump puts Brent on course for its largest monthly increase on record. Japan's Nikkei 225 dropped 2.8%, and South Korea’s Kospi ended the day down by almost 3%. The market turbulence followed weekend developments in which

Experts have warned that Britain could be only “a few weeks away” from shortages of medicines, from everyday pain relief to cancer therapies, if the war with Iran continues. They also caution that the price of many drugs may increase. The conflict has already disrupted supplies of essential raw materials such as oil, gas, fertilisers and helium, and the pharmaceutical sector could soon feel the impact. David Weeks, director of supply chain risk management at analytics firm Moody’s, described

A jury has concluded that Elon Musk made misleading public remarks during a pivotal stage of his 2022 acquisition of Twitter. Following two days of deliberations, jurors in federal court in San Francisco delivered a unanimous verdict against the technology entrepreneur. The case was brought by a group of Twitter investors who claimed they relied on Musk’s public statements when making decisions about buying and selling shares. While on the witness stand earlier this month, Musk maintained that

Stew, a 35-year-old from Montana, has spent the past year and a half casually placing sports bets since downloading the Kalshi app. A few weeks ago, however, after reading online chatter about increased late-night pizza deliveries to the Pentagon, he decided to try something different. He put $10 (£7.50) on a prediction that Iran’s Ayatollah Ali Khamenei would be “out” of power by 1 March. The wager pushed the boundaries of what Americans are legally permitted to bet on. Prediction markets —