Business
Stock market today: Nasdaq edges back from its record as chip companies and Eli Lilly slump
NEW YORK (AP) — U.S. stock indexes edged lower Wednesday after drops for Eli Lilly and chip companies overshadowed a jump for Google’s parent company. The S&P 500 slipped 0.3% after drifting between small gains and losses several times, though it’s still near its all-time high set earlier this month. The Dow Jones Industrial Average edged…
Mexican economy a mixed bag for new president
After handing the reins of power to Claudia Sheinbaum on 1 October, Mexico’s outgoing president, Andrés Manuel López Obrador, hoisted her arm aloft in a joint show of victory. López Obrador – a hugely popular but controversial figure in Mexico – bequeathed more than just the presidential sash to his political protégé. She inherits a…
What we know about the McDonald’s E. coli outbreak
McDonald’s has temporarily removed quarter pounders and fresh, slivered onions from the menu in about a fifth of its US stores due to an outbreak of deadly E. coli poisoning. So far, the Centers for Disease Control and Prevention has recorded 49 cases of illness across 10 states. Ten cases resulted in patients being admitted…
Striking Boeing workers reject 35% pay rise offer
Striking Boeing workers have rejected a new offer from the plane-making giant, which included a 35% pay rise over four years. The International Association of Machinists and Aerospace Workers (IAM) union said 64% of its members voted against the proposed deal. More than 30,000 of Boeing’s employees have joined the walkout, which started on 13…
Musk v Ambani: Billionaires battle over India’s satellite internet
The race between two of the world’s richest men, Elon Musk and Mukesh Ambani, is intensifying as they prepare to face off in India’s satellite broadband market. After India’s government announced last week that satellite spectrum for broadband would be allocated administratively rather than through auction, this battle has only heated up. Mr Musk had previously criticised…
TikTok owner sacks intern for sabotaging AI project
TikTok owner, ByteDance, says it has sacked an intern for “maliciously interfering” with the training of one of its artificial intelligence (AI) models. But the firm rejected claims about the extent of the damage caused by the unnamed individual, saying they “contain some exaggerations and inaccuracies”. It comes after reports about the incident spread over…
Google turns to nuclear to power AI data centres
Google has signed a deal to use small nuclear reactors to generate the vast amounts of energy needed to power its artificial intelligence (AI) data centres. The company says the agreement with Kairos Power will see it start using the first reactor this decade and bring more online by 2035. The companies did not give…
‘I lost £165k to fraud in an hour’ – customers say they were let down by Revolut
A man who had £165,000 stolen from his Revolut business account by fraudsters has told BBC Panorama he believes the company’s security measures failed to prevent the theft. He says criminals managed to bypass the ID verification process to gain access to his account. So far, Revolut has refused to refund this money. The BBC…
Boba tea company apologises over Canada Dragon’s Den row
A Canadian boba tea company has apologised after Marvel actor Simu Liu accused them of cultural appropriation on an episode of the Dragons’ Den reality TV series. On an episode of CBC’s Dragons’ Den, the Canadian equivalent of the US show Shark Tank, the owners of a Quebec bubble tea brand called Bobba pitched their…