Business / Finance
OpenAI seeks $30 in funding at whopping $1.4 trillion valuation after delaying IPO
The ChatGPT maker is pursuing fresh funding after delaying its public listing, while expanding its AI tools despite mounting safety concerns.
Winklevoss-owned Gemini switches Zcash software ahead of faster 25-second blocks
The new Zakura nodes caught up with the network in just over six hours in Gemini’s deployments. The crypto exchange’s previous software took close to a day.
How European investors can now buy bitcoin without taking on U.S. dollar risk
Asset management platform HANetf has listed ETCs in London, Frankfurt and Paris providing pound sterling and euro-hedged exposure to bitcoin.
Poundland management in rescue talks that could save 11,000 jobs
Ex-Asda boss Andy Bond linked to plan, with buyout team understood to be negotiating with financial backerPoundland’s management team are in “advanced talks” to lead a rescue bid …
‘No way’ the yuan challenges the U.S. dollar—though the yen and the pound may have more to fear, says Standard Chartered’s China CEO
“There is no way—at least in my career—for the RMB to challenge the USD,” Jean Lu said during a media roundtable in Singapore.
Asia’s boardrooms risk missing the biggest cost of climate change: human health
Extreme heat is already draining worker productivity across Asia.
‘Groundhog Day’: Iran is unlikely to let the war end until after the midterms—and may even escalate soon
Iran wants to "humiliate" Trump and may still escalate its attacks to recapturing its waning leverage.
Palantir CEO Alex Karp quietly purchased 37,000 acres of forests in Sweden—and locals found out when hunters lost leases to use the property
Cladonia Skog AB, a newly registered company owned by Karp, said it would use the land for “forestry and other related activities.”
Bitcoin bulls have one price level to defend
Here's the level analysts are watching and what a break below it could mean for the bulls.
Meet Noah Shinn: The 23-year-old college dropout whose viral AI assistant is emerging as a new challenger to Mark Zuckerberg’s Meta
This week, Instinct raised an additional $1 billion in a Series C that shot his company's valuation up to $10 billion.
Jeff Bezos is giving $25 million to protect the Pacific—but his climate fund still has about $7 billion left to spend in four years
Lauren Sánchez Bezos is leading the couple’s Bezos Earth Fund, which has granted only about $2.4 billion of their $10 billion climate pledge by 2030.
I heard one thing loud and clear in Andy Burnham’s landmark speech: the left has won the arguments | Owen Jones
The PM’s stated trajectory is a rebuke to past Tory and Labour governments. The challenge now is to make his project progressive in word and deedAs Andy Burnham delivered his conf…
European stablecoin issuer AllUnity launches USD stablecoin USDAU
AllUnity is launching USDAU, its fourth fiat-backed stablecoin, expanding a MiCA-regulated lineup that already covers the euro, Swiss franc and Swedish krona.
Palo Alto Networks’ Nikesh Arora is building a defense against the dark side of AI
Cybersecurity’s AI reckoning has arrived, and Arora has become a go-to advisor to CEOs.
In the high-stakes game of chicken between CEOs and states, who blinks first?
CEOs are increasingly using jobs, headquarters, and investment as leverage in battles with elected officials—but workers and communities can end up bearing the cost.
Older millennials are pulling away from the pack in the housing market—and they’re dominating the ‘hobbies’ economy, too
"Older Millennials seem to have more in common with younger Gen Xers than they do with Gen Z or even younger Millennials," said BofA economist Joe Wadford.
UK economy ‘slightly larger’ than previously estimated after April-June growth revised up – business live
Rolling coverage of the latest economic and financial newsHousehold energy bills in Great Britain are predicted to soar by £276 a year for the typical household from January as th…
Energy bills in Great Britain forecast to jump by £276 a year from January
Cap poised to rise by 16% to equivalent of £1,999 for dual-fuel bill as impact of Iran war puts squeeze on homesHousehold energy bills in Great Britain are predicted to soar by £2…
‘Delays are always welcome’: 10 of the best railway station pubs in the UK
Converted from Victorian buffet bars, ticket offices and waiting rooms, these station pubs offer beautifully restored interiors, real ales and a slice of railway historyNo prizes …
Robinhood announces AI agent for customers that trades around the clock, plus 10x crypto perps
Robinhood users could soon access an AI agent that trades on behalf of them even at 2 am. Plus, they will get to trade crypto perpetuals.
Kalshi in advanced talks to raise new funding at $40B valuation: Reuters
The prediction market was valued at $22 billion in a $1 billion funding round just four months ago, after doubling its valuation from December.
Drop in donations puts community pantry at risk
St Paul's Pantry in Norton Lees say things are looking "pretty grim" without support.
XRP Ledger starts carrying fund records from Brazil operator overseeing $4 trillion
The regulated operator is mirroring ownership of selected investment funds on XRPL while keeping its existing database as the official record.
Risks being taken with heating oil orders, firm says
Customers in Berkshire and Hampshire are leaving it late to refill their tanks, an oil firm says.