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'Get your house in order': IMF chief's stark warning for France over surging bond yields
Source: CNBC
Original reporting
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BBC Business
Former Barclays traders have rate-rigging convictions quashed
Jay Merchant, Jonathan Mathew, Philippe Moryoussef, Alex Pabon, Colin Bermingham had their convictions overturned by the Court of Appeal.
CNBC
Rubio says Tehran missed 'multiple' chances for nuclear deal amid Iran stalemate
Iran has failed to take advantage of "multiple opportunities" to reach a deal on its nuclear program, Secretary of State Marco Rubio said Wednesday.
The Guardian2 outlets
Royal Mail to cut up to 2,500 head office and support jobs by end of next year – business live
IMF chief Kristalina Georgieva warns energy shock, public debt and AI boom threaten global growth, as Brent crude rises above $101 a barrel and government bond yields rise John Healey is planning a major intervention to cut energy bills for poorer households in this month’s budget, after ministers became alarmed at forecasts that show bills rising by hundreds of pounds in January, the Guardian has revealed . The chancellor is working on plans to spend more than £1bn to help energy consumers, the bulk of which is likely to go towards increasing the discount given to households on certain benefits. Continue reading...
BBC Business2 outlets
Royal Mail plans to cut 2,500 jobs
IMF chief Kristalina Georgieva warns energy shock, public debt and AI boom threaten global growth, as Brent crude rises above $101 a barrel and government bond yields rise John Healey is planning a major intervention to cut energy bills for poorer households in this month’s budget, after ministers became alarmed at forecasts that show bills rising by hundreds of pounds in January, the Guardian has revealed . The chancellor is working on plans to spend more than £1bn to help energy consumers, the bulk of which is likely to go towards increasing the discount given to households on certain benefits. Continue reading...
CNBC
Trading platform Webull's China ties create national security risk, congressional panel finds
A congressional committee says trading platform Webull is not the ordinary U.S. company it claims, but exposes customer data to Chinese surveillance risk.
The Guardian
McDonald’s sued for allegedly using AI tool to determine pricing for franchises
Suit says AI tool allows independently owned franchises to exchange nonpublic price and sales information McDonald’s is facing a lawsuit in federal court over its alleged use of an AI tool to determine pricing across independent franchises, which prosecutors say violates antitrust laws and has unfairly inflated menu prices for Americans. The vast majority of McDonald’s US stores are independently owned and are said to individually decide on prices under company policy. Antitrust laws require businesses to set prices independently from their competitors, as coordinating prices can stifle market competition and push up costs for consumers. Continue reading...