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Burnham explains why £8.4bn nuclear submarine investment will boost UK defence, jobs and apprenticeships
Andy Burnham is set to announce an £8.4bn investment on Thursday to develop the UK’s next generation of nuclear-armed submarines, part of preparing the Dreadnought-class fleet for service by the 2030s. The vessels will replace the ageing Vanguard-class submarines and carry Trident 2 D5 ballistic missiles, with Burnham framing the spending as both a defence…
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Dow sinks 1,100 points after Fed holds off on hike
US stocks fell sharply after the Federal Reserve cut interest rates but signalled that it may make fewer reductions in 2025 than investors had expected. The reaction reflected concern that borrowing costs could remain higher for longer, limiting support for businesses, consumers and share prices. The Fed lowered its main rate by a quarter of…
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Fed holds interest rates steady despite Trump’s renewed calls to lower them
The US Federal Reserve held interest rates steady on Wednesday, marking the fifth consecutive unchanged decision since December, even as Donald Trump continues to press for cuts. The federal open market committee’s 9-3 vote exposed unusually sharp internal division, with three regional bank presidents dissenting in favour of a quarter-point rise, the first time in…
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Trump loses ground with GOP as approval sinks to 32 percent: Quinnipiac Poll
A new Quinnipiac University poll found President Trump’s approval rating at a record low of 32 per cent, with 58 per cent disapproving. His support among Republicans fell from 85 per cent in June to 76 per cent, while independent voters remained strongly negative, a development that could complicate Republican prospects in the midterm elections.…
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Watch live: Warsh gives remarks as Fed holds interest rates steady
The article content could not be retrieved, as the source page blocked access and returned only an error message rather than the actual report. Based solely on the headline, the piece appears to concern a live video segment in which Kevin Warsh delivered remarks around the time the Federal Reserve announced it was holding interest…
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Fed holds interest rates as new Iran tensions raise inflation risks
The Federal Reserve kept US interest rates unchanged, as renewed tensions involving Iran added to concerns that higher energy costs could push inflation up again. The decision matters because persistent inflation could delay future rate cuts and keep borrowing costs elevated for households and businesses. The article links the Fed’s caution to the risk that…
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MinIO pitches persistent memory for agents with work to finish
MinIO has launched AIStor Memory, a feature for its object storage software aimed at giving AI agents persistent memory so they can resume multi-step tasks across sessions rather than losing context between them. The company argues that as AI agents take on work such as decision-making, drafting documents and analysis, the output they generate constitutes…
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BMW to cut ‘as many as 8,000 jobs’ under pressure from Chinese rivals
BMW plans to cut as many as 8,000 jobs in Germany, becoming the latest major European carmaker to reduce costs amid mounting competition from Chinese rivals. The Munich-based company has launched a voluntary redundancy programme agreed with its works council, targeting administrative and development divisions while leaving production roles untouched. The move reflects the wider…
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Cash squeeze for Burnham, Trump slump, Netflix overtakes BBC
Andy Burnham faces tax rises or spending cuts to fund his pledges, Trump’s approval hits a new low as Georgia votes, a boy fights for life after a Birmingham car incident, and Netflix has overtaken the BBC as Britons’ viewing choice of choice.
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The next American boom could be here — unless Washington regulates it to death
A Fox News opinion piece argues that fears of mass AI-driven job losses are overblown and that excessive government regulation, not the technology itself, poses the greatest threat to America’s economic prospects. The author contends that artificial intelligence could deliver the biggest improvement in American living standards in decades, comparing its disruptive potential to historical…