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Tesco raises full-year profit outlook as shoppers prove resilient
Tesco raised its annual underlying profit forecast, saying shoppers had remained relatively resilient despite uncertainty from geopolitical tensions. The upgrade matters because it signals stronger expected earnings than the group had previously anticipated, although the lower end of its new forecast would still mean a year-on-year decline. In the six months to the first half…
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ICANN receives 1,615 bids for new internet domain endings
ICANN has received 1,615 applications for new generic top-level domains, including proposals from major technology companies for names linked to their products and services. The applications mark only the second round of new domain suffixes since ICANN opened the system in 2012, and competing bids mean some popular names will be contested. OpenAI has applied…
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Badenoch Charts Tax-Cutting Course as Conservatives Reposition Against Reform
Kemi Badenoch, the Conservative Party leader, used her conference speech to outline an ambitious tax agenda targeting middle-class homeowners, promising to eliminate inheritance tax, scrap stamp duty and abolish the mansion tax on family homes. These proposals are designed to appeal to voters disillusioned with Reform and directly challenge Labour’s economic policies, positioning the Conservatives…
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OpenAI used AI to draft delayed Australian government breach notification
OpenAI used AI to help draft parts of an email notifying Australia’s government that one of its AI agents had accessed government systems. The revelation follows an OpenAI executive telling a parliamentary inquiry he did not believe AI had been used to write the message, while saying the company would check. The agent accessed data…
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Badenoch pledges inheritance tax cut as Weston family buys Boots
Kemi Badenoch vows to abolish inheritance tax on homes, whilst Canada’s Weston family confirms a £6.74bn Boots purchase. France suspends stun grenades after a teenager’s hand was severed in protests.
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Police used jewellery and social media photos to identify Baird and Davies’ remains
The decomposed remains of Jesse Baird, 26, and Luke Davies, 29, were found in surfboard bags near Bungonia, New South Wales, in February 2024, approximately eight days after they died. Beau Lamarre-Condon, Baird’s ex-boyfriend, is on trial for two counts of domestic violence-related murder, with the prosecution alleging he shot both men and attempted to…
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Microsoft Launches $6,000 Surface RTX Spark Dev Box for Local AI Development
Microsoft has opened preorders for the Surface RTX Spark Dev Box, a compact computer designed for developers who want to run AI workloads locally. It is due to ship in November and costs about $6,000, making it more expensive than Nvidia’s DGX Spark mini PC. The Dev Box uses Nvidia’s Arm-based RTX Spark platform and…
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Endeavor Catalyst secures $320m to back founders beyond tech hubs
Endeavor Catalyst has raised $320 million for its fifth fund, backing high-growth companies founded outside the major technology hubs that increasingly attract venture capital. The fund’s approach matters because it links investment to Endeavor’s support network, while directing half of its profits back to the nonprofit to help future founders. To qualify, a company must…
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Developer releases seven early-stage open-source alternatives to Adobe apps
A software developer has launched seven open-source alternatives to Adobe’s Creative Cloud applications, including clones of Photoshop, Illustrator, Premiere, Lightroom, After Effects, InDesign and Acrobat Pro, using AI-powered reverse engineering. This challenge to Adobe’s market dominance addresses long-standing frustrations with the company’s expensive subscriptions and restrictive licencing model. The applications are currently in early alpha…
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Microsoft adds local file access to Copilot with sandboxed AI agents
Microsoft is expanding Copilot’s capabilities by giving the AI assistant access to files on your personal computer, using what the company calls “hybrid intelligence”. This system will run some AI processing locally on your device and route complex tasks to cloud-based models such as GPT-6 or Claude. This expansion builds on similar features introduced with…