Writing the summary…
UK rents accelerate, as average London house price falls £19,000 below peak – business live
Source: The Guardian
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The Guardian
Mirror publisher to cut 220 editorial jobs as readers turn to AI summaries
Reach, which also owns Express, makes decision because of ‘mammoth shift’ in how audiences seek out content The publisher of the Mirror and Express newspapers is to cut a further 220 editorial jobs as it adapts to a dramatic fall in online traffic while readers increasingly turn to summaries generated by artificial intelligence. Reach, which also owns scores of online brands and regional titles including the Manchester Evening News, the Birmingham Mail and the Liverpool Echo, said the latest cuts were necessary to cope with a “mammoth shift” in how audiences seek out content. Continue reading...
The Guardian
Allowing AI firms to collude to ‘pace the frontier’ is a dangerous proposition
Tech CEOs banding together is an old ruse recycled from corporate America to get a pass from antitrust laws Anthropic’s Dario Amodei is not the first corporate CEO to suggest that excessive competition is driving the world to some socially undesirable outcome. The safety breach disclosed by OpenAI after a swarm of its agents coordinated to breach their supposedly secure sandbox, get on the Internet and hack AI platform Hugging Face, warrants urgent action. It demonstrated the ease with which the technology can evade human control and gave concrete form to the existential fears about what it could do to humanity if not securely leashed. Continue reading...
CNBC
Mortgage demand from homebuyers drops 19% from a year ago, as interest rates surge abruptly higher
Mortgage rates have surged to the highest level since the start of 2025, causing a major pullback in mortgage demand.
CNBC
Living abroad doesn't end your U.S. tax obligations. What young expats need to know
Americans living overseas may still face U.S. tax-filing and foreign-account reporting rules — even when they ultimately owe no U.S. income tax.
CNBC
Canada invited to become EU’s first ‘associate member’ as Trump trade war intensifies
EU chief Ursula von der Leyen said the bloc wants to open the door for Canada to become its first associate member, signaling a major deepening of ties.
The Guardian
‘If you’re building Frankenstein, stop’: JD Vance dismisses calls for AI regulation
US vice-president’s comments come as former Anthropic researcher revisits recent claim AI could destroy humanity The US vice-president has dismissed calls for global regulation of AI safety risks, telling companies creating the most advanced models: “If you’re building Frankenstein, stop.” In remarks addressed towards Dario Amodei, the co-founder of Anthropic who has called on Washington DC to coordinate control of AI systems , including with China, JD Vance said: “If you’re gonna create Frankenstein, don’t come to the government and say we need regulation.” Continue reading...