Business
Amazon’s revenue growth and upbeat forecast send shares higher
Sales at ecommerce group’s cloud business increase 19%
Apple’s revenue beats Wall Street expectations on higher iPhone sales
Tech giant took one-time $10.2bn charge in the quarter after EU tax ruling
Tech stock sell-off wipes out Wall Street’s October gains
Disappointing earnings from Microsoft help put US equities on track for biggest one-day drop since early September
Barclays’ chief defends Reeves as business criticises Budget tax rises
Retail and hospitality bosses warn UK chancellor that national insurance changes will lead to job losses
Starbucks’ new CEO just delivered what employees and investors have been craving after years of drama and missteps
Brian Niccol is showing the kind of clarity and decisiveness that helped him save Chipotle years ago. Read More
The perfect storm for European automakers
Volkswagen and its EU rivals have allowed China to steal a march in EVs
Deadly Spanish floods drive home threat of Mediterranean ‘petrol can’
Torrential rains were driven in part by dangerous rise in sea temperatures
Big Tech’s latest earnings show the AI spending spree isn’t over
Top executives at Google, Meta, and Microsoft share their AI plans. Read More
Google is winning the AI search wars
But rival products from Apple and OpenAI will continue to attract users
Parents to be hit by ‘nanny tax’ after national insurance changes
Families affected will be worse off by more than £1,000 a year
Donald Trump says he will protect women whether they ‘like it or not’
Comments in final days of US presidential campaign are ‘very offensive’ to female voters, Kamala Harris says
Banks’ use of AI could be included in stress tests, says BoE deputy governor
Sarah Breeden says technology’s ‘power and use . . . is growing fast’
BBC World Service secures Budget bump in government funding
Executives have warned that cuts have left the UK struggling to counter a rise in Russian and Chinese propaganda
Distraught Amazon employees send AWS chief open letter against RTO policy, calling it an ‘outright abdication’ of its role as industry leader
Hundreds of employees criticized Amazon’s leadership for making a gut decision rather than a data-driven one. Read More
Starbucks says you’re not going to get your highly customized drink order anymore—you’ll get what you’re given
Starbucks new CEO Brian Niccol wants to bring back the chain’s “coffee house vibe.” Read More
Uber shares slide on slowing bookings growth
Forecast for customer spending on ride-hailing app fell slightly short of Wall Street’s estimates
Rival creditor group offers Thames Water emergency loan at lower rate
The UK’s largest water and sewerage provider is struggling with a £19bn debt load
Jo Natauri’s Invidia Capital seeks $850 million for first fund
Natauri is a former Goldman Sachs partner who left the IB in December Read More
A little-known startup is acquiring enormous diamonds—and using blockchain tech to shake up a $100 billion industry
HB Antwerp uses a blockchain to track diamonds and to route more money to the stones’ home country. Industry giant ...
Israel demands right to enforce any Lebanon ceasefire deal
Benjamin Netanyahu meets US envoys to discuss end to war against Hizbollah
British aerospace pioneer Reaction Engines collapses into administration
Group’s demise is a challenge for several F1 racing teams which use its cooling technology in engines supplied by Mercedes-Benz
UK savings plans overhauled with planned pension tax changes
Advisers race to rethink approach after Rachel Reeves pledges to bring retirement pots under inheritance levy regime
The Fed’s go-to inflation monitor just dropped to the lowest level since the pandemic
With inflation continuing to slow, the Fed is expected to further reduce its rate by a quarter-point in November and ...
You can own Christian Bale’s Batmobile, but you’ll need a Bruce Wayne-sized fortune to afford it
A total of 10 vehicles will be sold. Read More
Starbucks ends ‘vegan tax’ on non-dairy milk as new CEO overhauls menu in face of customer exodus
Substituting dairy for plant-based milks is the second most popular customization option, and the move will lead to an effective ...
New York slated to become the national epicenter for semiconductor research with the most advanced chip-making machinery in the world
The Albany NanoTech complex was selected by federal officials to receive up to $825 million in funding. Read More
The Budget should not be a big deal for interest rates
Bank of England has already had plenty of time to react to the chancellor’s thinking
Coinbase slumps 10% after missing key Q3 earnings targets
Transaction revenue, a main source of profit for the platform, fell 27% from last quarter. Read More
