Sir Charlie Mayfield says ill-health is driving millions out of work, costing employers and the economy billions — but the problem is “not inevitable.” Britain is at risk of an “economic inactivity crisis” as the number of sick and disabled people out of work continues to rise, according to a government-commissioned review led by Sir Charlie Mayfield, the former John Lewis chairman. The report warns that 800,000 more people are now out of work due...
Michael Burry, the investor famed for predicting the 2007 subprime mortgage collapse and inspiring The Big Short, has wagered $1.1 billion against two of the world’s most prominent artificial intelligence stocks — Nvidia and Palantir Technologies. Regulatory filings show that Burry’s hedge fund, Scion Asset Management, has bought put options — which profit when prices fall — on one million Nvidia shares worth around $187 million, and five million Palantir shares valued at $912 million...
Officials and liquidators are pursuing businesses behind 21 movies that sought nearly £16 million in incentives from a joint HMRC and British Film Institute scheme. Businesses controlled by prolific film producer Alan Latham — whose films have featured stars including Elizabeth Hurley, Kelsey Grammer, and Bill Nighy — are being investigated by HM Revenue & Customs (HMRC) amid questions over how taxpayer funds were used to finance dozens of little-known productions. Liquidators are examining the...
Judgment in Getty Images v Stability AI seen as a setback for copyright owners as calls grow for new UK rules on AI training data A London-based artificial intelligence company has won a closely watched High Court case that tested whether AI developers can lawfully train their models using vast libraries of copyrighted material. Stability AI, whose board includes Avatar film-maker James Cameron, successfully defended a lawsuit brought by Getty Images, which alleged that the...
Phoebe Gormley, founder of Savile Row’s first women’s tailoring house, launches Fit Collective — an AI-powered platform aiming to cut billions in clothing returns. The entrepreneur behind Gormley & Gamble, the first women’s tailoring business on London’s Savile Row, has raised £3 million for her new venture Fit Collective, a technology start-up using artificial intelligence to fix one of fashion’s most expensive challenges — inconsistent sizing. Phoebe Gormley, 31, said inaccurate sizing was costing the...
New York City socialist candidate Zohran Mamdani cruised to victory on Tuesday night, defying the laundry list of critics who railed against him over several high-profile controversial stances and statements. Communist label Mamdani dismissed the ‘communist’ label throughout the campaign, maintaining that he is a democratic socialist. His past comments promoting the abolition of private property, seizing the means of production, claiming billionaires shouldn’t exist, and calling for free government programs earned him the communist...
Senate Democrats are trying to figure out their exit strategy from the ongoing government shutdown as lawmakers on both sides remain cautiously optimistic that the end is near. At hand are offers Senate Republicans have made since nearly the beginning of the shutdown, which crept into record-breaking territory Tuesday night. Among the options Senate Minority Leader Chuck Schumer, D-N.Y., and his caucus mulled were a vote on expiring Obamacare subsidies, attaching a host of spending...
The most consequential moments of the Trump–Xi summit last week did not occur at South Korea’s Gimhae International Airport. Statements about ‘stabilizing relations’ and ‘reducing tensions’ were predictable, almost perfunctory. The real story unfolded in the weeks leading up to the summit – in the choreography, the pageantry and the unmistakable assertion of American power across the Indo-Pacific. By the time Xi Jinping sat across from Donald Trump, he was meeting a U.S. president who had already recommitted to America’s military preeminence in the region, reaffirmed its alliances, and reminded Beijing that the United States remains the indispensable Pacific power. In the days before the summit, Trump delivered a series of moves...
: The House GOP’s campaign arm is wasting no time in linking New York City’s democratic socialist mayor-elect to congressional Democrats facing challenging re-elections in next year’s midterm elections. Hours after Zohran Mamdani’s election victory in New York City’s mayoral election, the National Republican Congressional Committee (NRCC) on Wednesday launched a digital ad spotlighting him, which is running in nearly 50 competitive House districts. ‘A radical left earthquake just hit America. The epicenter: New York,’...
The number of Bitcoin millionaires has surged in the year since Donald Trump was confirmed as winner of the 2024 US presidential election, according to new on-chain data analysed by Finbold Research. Between November 2024 and November 2025, the number of Bitcoin (BTC) wallet addresses holding at least $1 million in BTC rose by 44,783, marking a 33.8 per cent increase. On average, that equates to around 3,700 new millionaire-tier wallets every month. As of...
