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Ladbrokes owner prepares to cut 400 jobs weeks after profit boost
Source: The Guardian
Original reporting
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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.
The Guardian
UK rents accelerate, as average London house price falls £19,000 below peak – business live
Soaring motor fuel costs have pushed UK inflation to a five-month high in August Full story: UK inflation rises to 3.1% as motor fuel prices jump by almost a quarter Worryingly, the cost of goods produced by UK factories rose at a faster rate in August too. Producer output prices – or the cost of goods at the ‘factory gate’ - rose by 3.7% in the year to August, up from 3.3% in July. “Rising crude oil and petrol prices increased both the annual cost of raw materials and the price of goods leaving factories respectively.” Continue reading...
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...
The Guardian
Sunderland gets its Kicks: Nissan to invest £170m to build new hybrid SUV
Latest attempt to secure future of Britain’s biggest car factory may be subject to UK weakening EV sales mandate Nissan has said it will invest £170m to build a new SUV at its factory in Sunderland – but said the move was subject to the UK weakening its electric vehicle sales mandate . The new hybrid model, the Kicks, is Nissan’s latest attempt to secure the future of the plant, which employs 6,000 people in Tyne and Wear and is Britain’s biggest car factory. Continue reading...