President Donald Trump said on Wednesday morning that the ongoing government shutdown was partly to blame for Republican losses on Election Day. Trump told reporters during a breakfast with GOP lawmakers at the White House that election night on Tuesday ‘was not expected to be a victory,’ saying the 36-day government shutdown was one of two possible reasons. ‘I think, ...
Chris Edwards Air traffic control (ATC) is becoming air traffic “chaos,” as Transportation Secretary Sean Duffy warned on October 4. As employees of the Federal Aviation Administration (FAA), air traffic controllers are not being paid under the government shutdown. Some are staying home, which is causing flight delays and cancellations across the country. Such budget-driven chaos is unnecessary, as we ...
Kyle Handley The US Supreme Court will soon decide whether the president can use the International Emergency Economic Powers Act (IEEPA) to impose tariffs on imports from dozens of countries. That law was never meant for this purpose. Congress passed it in 1977 to let presidents freeze assets or restrict transactions during genuine emergencies, not to create a standing tariff ...
Carmakers say Rachel Reeves’ plan to tax employee vehicle ownership schemes will backfire — cutting sales, jobs and Treasury revenue. Britain’s leading carmakers have warned that a Treasury plan to impose company car tax on employee car ownership schemes (Ecos) could cost the Exchequer £500 million in lost revenue and threaten thousands of manufacturing jobs. The Society of Motor Manufacturers ...
Sir Charlie Mayfield says ill-health is driving millions out of work, costing employers and the economy billions — but the problem is “not inevitable.” Britain is at risk of an “economic inactivity crisis” as the number of sick and disabled people out of work continues to rise, according to a government-commissioned review led by Sir Charlie Mayfield, the former John ...
Officials and liquidators are pursuing businesses behind 21 movies that sought nearly £16 million in incentives from a joint HMRC and British Film Institute scheme. Businesses controlled by prolific film producer Alan Latham — whose films have featured stars including Elizabeth Hurley, Kelsey Grammer, and Bill Nighy — are being investigated by HM Revenue & Customs (HMRC) amid questions over ...
Judgment in Getty Images v Stability AI seen as a setback for copyright owners as calls grow for new UK rules on AI training data A London-based artificial intelligence company has won a closely watched High Court case that tested whether AI developers can lawfully train their models using vast libraries of copyrighted material. Stability AI, whose board includes Avatar ...
Phoebe Gormley, founder of Savile Row’s first women’s tailoring house, launches Fit Collective — an AI-powered platform aiming to cut billions in clothing returns. The entrepreneur behind Gormley & Gamble, the first women’s tailoring business on London’s Savile Row, has raised £3 million for her new venture Fit Collective, a technology start-up using artificial intelligence to fix one of fashion’s ...
The number of Bitcoin millionaires has surged in the year since Donald Trump was confirmed as winner of the 2024 US presidential election, according to new on-chain data analysed by Finbold Research. Between November 2024 and November 2025, the number of Bitcoin (BTC) wallet addresses holding at least $1 million in BTC rose by 44,783, marking a 33.8 per cent ...
Michael Burry, the investor famed for predicting the 2007 subprime mortgage collapse and inspiring The Big Short, has wagered $1.1 billion against two of the world’s most prominent artificial intelligence stocks — Nvidia and Palantir Technologies. Regulatory filings show that Burry’s hedge fund, Scion Asset Management, has bought put options — which profit when prices fall — on one million ...