Allbirds shares soar after pivot from shoes to AI
The company is selling off its shoe brand as it plans to shift to providing technology infrastructure. Read More
Japan pledges $10bn to help Asian countries deal with oil crisis
The aid is roughly equivalent to a year’s worth of crude oil imports by Asean countries. Read More
Ticketmaster-owner Live Nation ran a monopoly and overcharged fans, jury finds
The lawsuit said the firm’s practices had led to higher ticket prices and worse service for customers. Read More
US war on Iran was a ‘mistake’, says Reeves
The chancellor’s criticism follows a report that the conflict will hit the UK harder than other big economies. Read More
Social media leaders called to Downing Street over children’s safety
Top executives from firms such as Meta and YouTube will be asked what they are doing to protect children. Read More
Snapchat owner cuts 1,000 jobs as says AI will reduce repetitive work
The Snapchat owner is laying off around 16% of staff and withdrawn hundreds of open job roles. Read More
Back to books – Sweden’s schools give up digital learning
Swedish classrooms swap laptops for books, pens and paper, raising concerns from the tech sector. Read More
AA and BSM ordered to refund learner drivers for hidden fees
The owner of the driving schools has been fined for failing to disclose fees upfront online. Read More
‘Bit of pain’ worth long-term security from Iran, Bessent tells BBC
US Treasury Secretary said a “small bit of economic pain” was worth it to eliminate the threat of Iranian strikes on Western capitals. Read More
Help to Buy mostly helped high earners, IFS says
People with lower incomes benefitted less from the house-buying scheme than those with high incomes, the influential think tank says. Read More