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U.S. Treasury yields edge higher amid pressure on global government bonds
Source: CNBC
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The Guardian
UK diesel prices hit record high at 199.18p a litre; housebuilder stocks surge on new homes scheme – business live
Rolling coverage of the latest economic and financial news Dr Jonathan Owens , operations and supply chain expert at the University of Salford , says that businesses should be bracing for higher diesel prices. Diesel prices are creeping upwards across UK forecourts, with prices in some locations considerably higher than the national average. Consider the impact on just one HGV (heavy goods vehicle). Take a HGV travelling 80,000 miles annually, at eight miles per gallon, it would consume approximately 45,460 litres of diesel. At £2 per litre, that gives an annual fuel bill of approximately £90,900. If we jump to £3 per litre, that rises to approximately £136,400. In real terms, an increase of around £45,500 per HGV. If this is scaled across a fleet of 100 HGVs, we see an additional fuel bill approaching £4.55 million. And those costs do not simply remain with the haulier. The diesel price
CNBC
Nvidia releases software platform to stop AI agents from misbehaving
Nvidia says its news software could have prevented OpenAI's HuggingFace incident.
The Guardian
Boss of Beaverbrooks urges government to give businesses ‘a bit of a break’
Jeweller reports flat sales and fall in underlying operating profit as retailers anticipate October budget Business live – latest updates The boss of the family-owned jeweller Beaverbrooks has called on the government to give business “a bit of a break” by halting cost increases amid flat sales and falling profits. The retailer, founded in 1919, revealed a 9% fall in underlying operating profit to £7.8m last year after an increase in employer national insurance contributions (NICs) and the legal minimum wage introduced by the former chancellor Rachel Reeves . Continue reading...
BBC Business4 outlets
Avanti West Coast services to be nationalised from March
Rail operator linking London to Birmingham, the north-west and Glasgow had highest number of cancellations across network Avanti West Coast will be renationalised in spring, as Andy Burnham declares “enough is enough” for passengers who have put up with a rail service “that has failed them time and time again”. The rail operator, which is one of the worst in the country for train delays and cancellations, will come under public ownership from 7 March when its contract ends. Continue reading...
CNBC
CNBC Daily Open: A tale of two truces
Chinese president's state visit to Washington appears to have produced more personal diplomacy than breakthroughs.
BBC Business
Tourism tax needs to be more flexible in Wales, warns expert
Anglesey, Conwy and Gwynedd councils have all put a pause on introducing the nightly tourist tax.