Writing the summary…
Royal Mail plans to cut 2,500 jobs

Follow this story
Earlier reports and follow-ups on the same developing story.
Related stories

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.
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.
'Get your house in order': IMF chief's stark warning for France over surging bond yields
France is facing a fresh political crisis, as its debt levels and borrowing costs continue to rise.
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.

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...
Mortgage rates sit at nearly 3-year high, and demand continues to shrink
Mortgage rates rose to the highest level in nearly three years, causing demand for both refinancing and homebuying to decline even further.