Jaguar is reportedly exploring a potential U-turn on its commitment to become an all-electric car brand, amid concerns over EV demand and lingering backlash to its controversial rebrand. According to sources cited by the Sunday Times, Jaguar has instructed engineers in the UK to explore the development of a petrol-electric hybrid powertrain that could be offered alongside its forthcoming electric ...
Synthesia has raised $200 million (£146 million) in fresh funding in a round led by Google Ventures, pushing the London-based company’s valuation to $4 billion and cementing its position as one of the UK’s most valuable artificial intelligence businesses. The investment marks a sharp step up from Synthesia’s previous £146 million Series D round in January 2025, which valued the ...
Gold surged past $5,000 an ounce for the first time on Monday as investors piled into safe-haven assets amid a weakening dollar, renewed currency market volatility and escalating geopolitical tensions. The price of the precious metal climbed 1.7 per cent to $5,075.97 an ounce, extending a rally that has gathered pace this year as markets grapple with political uncertainty and ...
Poundland has closed 149 stores and cut 2,200 jobs as part of a sweeping turnaround plan aimed at stabilising the business after a period of heavy losses and declining sales. The discount retailer said the closures mark the final phase of a restructuring programme launched last year, following a collapse into the red that was blamed on weak trading conditions ...
Scarlett Johansson and Cate Blanchett are among hundreds of actors, musicians and writers backing a new campaign accusing artificial intelligence companies of unlawfully exploiting creative work to train their systems. The campaign, titled “Stealing Isn’t Innovation”, launched on Thursday with the support of around 800 creative professionals, including the band R.E.M. and bestselling author Jodi Picoult. In a joint statement, ...
The government has made a £25 million investment in Kraken Technologies in a bid to persuade the fast-growing artificial intelligence business to list in London rather than New York. The investment, made by the British Business Bank, is the state lender’s largest direct commitment to a single company to date and forms part of Kraken’s wider $1 billion funding round ...
Amazon is preparing to cut thousands more jobs as part of a sweeping overhaul driven by artificial intelligence and internal restructuring, according to reports. The world’s largest retailer is expected to announce a second round of layoffs as soon as next week, following the removal of 14,000 white-collar roles in October. The latest cuts are expected to be of a ...
The Bank of England is accelerating the expansion of its Leeds operation as part of a wider drive to cut costs, reduce headcount and overhaul its London estate. Under new plans approved by the Bank’s court of directors, half of all external recruitment will now be based in Leeds, as governors push to meet a long-standing commitment to station 500 ...
Juspay has secured $50 million in fresh funding from WestBridge Capital, valuing the business at $1.2 billion and strengthening its push to expand globally as demand for enterprise-grade payment infrastructure accelerates. The Series D follow-on round comprises a mix of primary and secondary investment. The secondary element provides liquidity for early backers and employees holding ESOPs, marking the second such ...
Preply has raised $150 million in a Series D funding round led by WestCap, valuing the global language learning marketplace at $1.2 billion and marking its transition into unicorn territory. The round, for which Goldman Sachs International acted as sole placement agent, will be used to accelerate product development, expand Preply’s AI and data capabilities and fuel international growth as ...