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Today News

02

Zuckerberg defends Meta’s AI spending spree as shares tumble

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Parent of Facebook and Instagram reports better than expected quarterly revenue but raises capex guidance

BHP proposes takeover of Anglo-American in mining mega-deal

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Combination would bring together two of the leading players in the industry

01

Wednesday, Apr 24

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McKinsey faces US criminal investigation over opioid industry work

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Grand jury set up to hear evidence on consulting for drugmakers tied to addiction epidemic

Labour pledges to fully renationalise rail network

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Opposition says it will roll out reforms within first term if it wins UK general election

23

Spanish PM considers quitting as wife faces corruption investigation

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Pedro Sánchez says he will announce decision on his political future next week

Europeans ‘less hard-working’ than Americans, says Norway oil fund boss

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Tangen finds US investments more attractive due to weaker regulations and more risk-taking

22

Columbia’s ‘Gaza encampment’ becomes epicentre of US stand-off

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Anti-Israel slogans echo across Ivy League quad as protests spread across the country

Concord tops Blackstone in bidding war for Hipgnosis

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Offer for music rights group rises to $1.5bn as Apollo-backed investor beats rival’s bid

21

Biden campaign will continue to use TikTok despite divest-or-ban law

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US president’s campaign has posted on Chinese-owned video app in attempt to appeal to younger voters

US secretly shipped long-range missiles to Ukraine

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Biden had previously held back Atacms system out of fears of escalating war with Russia

Anti-doping body faces calls for review over Chinese swimmers

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UK agency combating drugs in sport adds to pressure ahead of Paris Olympics over 2020 positive tests

Chinese woman charged in UK with criminal possession of crypto

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Yadi Zhang made initial appearance at Westminster Magistrates Court on Wednesday

Sunak pledge to boost defence spending raises prospect of cuts elsewhere

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Economists and opposition question how government will lift MoD share of GDP to 2.5% and find extra £75bn

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Wife of Spanish PM investigated for alleged corruption

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Judge opens preliminary probe into allegations of influence peddling by Begoña Gómez

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Pentagon rushes $1bn in weapons to Kyiv after Biden signs aid bill

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US president says ‘we need to move fast’ as Ukrainian troops falter on front lines

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Israel prepares for Rafah evacuation ahead of long-expected assault

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Southern city crammed with more than 1mn displaced Gazans is also the stronghold for Hamas’s remaining forces

Employee non-compete ban challenged in court by US business groups

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Lawsuit from US Chamber of Commerce and other groups argues rule approved by FTC will hurt business and economy

What’s next for TikTok after Biden approves ban

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Video app vows legal battle to prevent effort to separate it from Chinese parent

Germany raises forecasts on boost to outlook for industry and consumers

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Expected 0.3% expansion for 2024 comes as energy prices and inflation continue to fall from record highs

Brain organoids target rare neurological disorder

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Technique devised for Timothy syndrome could open way to therapies for other untreatable conditions

16

UK regulator examines Microsoft and Amazon’s AI dealmaking

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Request for comments into Big Tech’s alliances with artificial intelligence start-ups follows CMA study into fast-growing market

Boeing burns through $4bn in first quarter after door plug blowout

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Results reflect slowdown of 737 Max production and compensation to customers

The silent army that makes Beijing’s daily life possible

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Robot deliveries are becoming a common sight but in a world of apps and automation it's hard-pressed gig workers who ease the friction

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KPMG UK cancels foreign graduate job offers after tighter visa rules

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Big Four firm’s move prompted by government decision to raise salary threshold for skilled worker admission

Prada and Burberry among Matchesfashion creditors owed £36mn

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Hundreds of suppliers to luxury ecommerce group likely to receive less than a penny in the pound

Russian court orders seizure of $440mn from JPMorgan

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Move follows lawsuit from state-owned bank VTB to ‘recover losses’ from America’s largest lender

Tories need to learn to love London again

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The capital votes for its mayor next week, but the Conservatives’ dissociation from the city means they seem set for failure

GSK readies for pivotal ruling in Zantac cases

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Judge to decide on admission of evidence as part of litigation that has knocked billions off pharma group’s value

14

While Donald Trump sleeps 

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The Ukraine aid vote in the House of Representatives exposed Republican divisions that will endure