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November 8, 2025

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Business

Former Adelaide MP named new ALP president – as it happened

This blog is now closedNew record as Senate question time blows out into chaotic marathon over transparency fightGet our breaking news email, free app or daily news podcastAustralians should be ‘alarmed’ if Labor negotiates with Greens on environment b…

October 30, 2025
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Starbucks sales improve but store closures and layoffs take a bite out of profits

Starbucks reported better-than-expected revenue in its fiscal fourth quarter as its U.S. sales improved.

October 29, 2025
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Pound sinks against euro and dollar as tax rises loom and growth slows

Prospect of a tough budget is thought to have brought forward the likely date for a cut in interest rates to 3.75%The threat of higher taxes in next month’s budget and concerns about slowing economic growth pushed the pound to its lowest level against …

October 29, 2025
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Telegraph sale in turmoil after lead bidder linked to China’s politburo

Media group’s own paper publishes photograph of RedBird Capital chair with alleged spy ring chiefThe sale of the Telegraph Media Group has been thrown into fresh turmoil after the company’s own newspaper linked its presumed new owner to the suspected r…

October 29, 2025
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Character.AI is banning minors from interacting with its chatbots

Character.

October 29, 2025
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Fed cuts interest rates for second time this year amid economic uncertainty

Central bank sets rates at range between 3.75% and 4% amid turbulence from government shutdown and Trump’s tariffsThe US Federal Reserve cut interest rates on Wednesday, the second rate cut this year amid economic turbulence from the federal government…

October 29, 2025
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Fintech company Fiserv slashes guidance, shuffles leadership after big earnings miss

Fiserv shares careened to their lowest level in more than five years after the fintech payment company badly missed Wall Street’s profit targets, lowered its forecast and announced a shake-up in leadership.

October 29, 2025
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UK must reform drug pricing to become life sciences superpower, says GSK boss

Shares jump on higher profits as Emma Walmsley is ‘hopeful’ standoff with NHS can be resolvedGSK’s outgoing chief executive, Emma Walmsley, has said Britain will struggle to be a “life sciences superpower” unless it overhauls drug pricing.As ministers …

October 29, 2025
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CBS News staffers lose jobs in ‘bloodbath’ as part of sweeping cuts from Paramount

Paramount laying off about 1,000 staffers, including some in news, on Wednesday amid longer-term cost-cutting planFor months, CBS News staffers have been on edge waiting for a long-expected round of layoffs as part of the $2bn in cost-cutting that had …

October 29, 2025
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Toyota denies promising to invest $10bn in US after Trump announcement

The US president claimed he had been told the carmaker was going to be setting up factories ‘all over’ the USThe Japanese auto giant Toyota Motor has denied Donald Trump’s suggestion that it is poised to invest more than $10bn in the United States over…

October 29, 2025
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