British American Tobacco announced plans to cut 5,500 jobs and outsource 3,500 more by year-end, affecting 19% of its global workforce, as part of a streamlining initiative called Fit2Win that leverag…
COOCON, a South Korean business data platform company, announced on June 29 it is accelerating its Model Context Protocol (MCP)-based data business for the AI agent era, aiming to become a dedicated d…
OLX Group reported strong financial results for FY26, with revenue up 28% to $992 million and adjusted EBITDA up 53%, driven by growth in motors, real estate, and jobs categories. The company invested…
Apple has lobbied the Trump administration for permission to buy memory chips from Chinese manufacturer ChangXin Memory Technologies (CXMT), which is blacklisted by the Pentagon, as the AI boom drives…
Volex reported a 14.4% revenue increase to nearly £1bn for the fiscal year ending March, driven by over 50% growth in its Complex Industrial Technology unit serving AI data centers. CEO Nat Rothschild…
Apple warned that memory chip shortages are forcing it to hike product prices, triggering a sharp sell-off in Asian tech stocks. South Korea's Kospi fell 6.9%, Japan's Nikkei 225 dropped 4.3%, and Tai…
Meta's reported plans to launch a prediction markets app called Arena face regulatory scrutiny in Britain, where the Gambling Commission requires operators to hold a betting intermediary license. Riva…
Two solicitors, Jane MacLeod and Nick Gould, have been charged with misconduct in relation to the Post Office Horizon IT scandal and referred to the Solicitors Disciplinary Tribunal by the Solicitors …
A former UK government aide describes being approached on LinkedIn by a suspected Chinese intelligence agent, highlighting concerns that a tough job market for graduates may make them vulnerable to fo…
Luminance CEO Eleanor Lightbody said building proprietary AI models is more sustainable than relying on 'rented intelligence' from frontier models, as the legal tech firm raised $115m over 12 months. …
London has secured a major strategic win in legal AI, with 25% of top UK and US law firms basing their global senior AI hires in the city, compared to 10% in New York. The UK hosts 315 legaltech and A…
Shares in major consulting firms like Accenture, IBM, and Capgemini have plummeted as investors fear AI will disrupt traditional business models. Accenture lost over 57% of its value in the past year,…
Poolhouse, a new 21,500-square-foot pool hall designed by the teams behind Topgolf and Puttshack, opened in Liverpool Street, London. The venue features twenty full-sized pool tables with AI technolog…
Alphabet will replace Verizon Communications in the Dow Jones Industrial Average next week, marking the blue-chip index's first structural change since 2024. S&P Dow Jones Indices said the addition br…
Leadenhall Live, a three-week culture festival featuring line dancing, comedy, AI discussions, and more, returns to Leadenhall Market from June 23 to July 16. The City of London Corporation aims to bo…
Pigment co-founder and CEO Eléonore Crespo said the company is replacing legacy enterprise software providers 'at the speed of light,' as demand for AI-native business planning accelerates. The Paris-…
Compliance leaders are transforming from back-office checkers to strategic partners, using AI and advanced analytics to extract context from fragmented digital communications. At the Smarsh Connect ev…
FTSE 100 real estate investment trust Segro rejected a £12.6bn takeover bid from US rival Prologis, which offered a 25% premium on Segro's share price. Prologis went public with the offer to persuade …
Lloyd's-backed MGA K2 PI targets larger professional indemnity risks, focusing on higher-risk accounts and international business through its broker-neutral model. Managing director Richard Smart says…
European markets are set to extend losses on Wednesday after a tech-led sell-off, with the FTSE 100 closing down nearly 0.1% on Tuesday. The Nasdaq slid 2.2% as investors dumped AI stocks, while Donal…