Business

Gold surged past $5,000 an ounce for the first time on Monday as investors piled into safe-haven assets amid a weakening dollar, renewed currency market volatility and escalating geopolitical tensions. The price of the precious…

Poundland has closed 149 stores and cut 2,200 jobs as part of a sweeping turnaround plan aimed at stabilising the business after a period of heavy losses and declining sales. The discount retailer said the…

Scarlett Johansson and Cate Blanchett are among hundreds of actors, musicians and writers backing a new campaign accusing artificial intelligence companies of unlawfully exploiting creative work to train their systems. The campaign, titled “Stealing Isn’t…

The government has made a £25 million investment in Kraken Technologies in a bid to persuade the fast-growing artificial intelligence business to list in London rather than New York. The investment, made by the British…

Amazon is preparing to cut thousands more jobs as part of a sweeping overhaul driven by artificial intelligence and internal restructuring, according to reports. The world’s largest retailer is expected to announce a second round…

The Bank of England is accelerating the expansion of its Leeds operation as part of a wider drive to cut costs, reduce headcount and overhaul its London estate. Under new plans approved by the Bank’s…

Juspay has secured $50 million in fresh funding from WestBridge Capital, valuing the business at $1.2 billion and strengthening its push to expand globally as demand for enterprise-grade payment infrastructure accelerates. The Series D follow-on…

Preply has raised $150 million in a Series D funding round led by WestCap, valuing the global language learning marketplace at $1.2 billion and marking its transition into unicorn territory. The round, for which Goldman…

Apple is developing a wearable “AI pin” capable of listening to conversations and responding to spoken commands, as the iPhone maker looks to regain momentum in the fast-moving artificial intelligence race. The disc-shaped device, which…

The builder of the superyacht Bayesian, on which British technology entrepreneur Mike Lynch died, has launched a £400 million legal claim against his widow, alleging that the tragedy caused a catastrophic collapse in its sales.…