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More than one million 16-25-year-olds are not in education, employment or training – the highest level in more than 12 years, official figures show.A major review by former minister Alan Milburn found job and career opportunities for young people are “not growing, they’re shrinking” with one in six set to be out of work, education or training in five years unless action is taken.”We are at risk of a lost generation” with young adults facing a “perfect storm” of challenges, Milburn warned in May.Burnham also told the podcast that companies who provide six-week work placements for teenagers could be prioritised…
Satellite view of Tuapse Oil Refinery, Russia. Ukrainian drones struck fuel storage tanks at the Rosneft‑operated facility, igniting a major fire visible for kilometers.Gallo Images | Gallo Images | Getty ImagesThe Strait of Hormuz is rattling global trade, but the waterway is just one example of a vital maritime corridor becoming a frontline, in a new age of drones and missiles targeting economic lifelines.From the Strait of Hormuz and the Red Sea to the Black Sea, attacks on commercial vessels have disrupted trade, raised insurance and freight costs, and forced shipping companies to reconsider routes once treated as dependable.The stakes…
Schroders posts 46% profit jump, beats estimates on higher assets and cost cuts Source link
Meta CEO Mark Zuckerberg, left, and Microsoft CEO Satya Nadella.Getty Images | ReutersMicrosoft shares jumped in premarket trading while Meta tanked as investors gave differing verdicts on the two tech giants’ earnings.Shares of Microsoft were last 8% higher while Meta was down 8.5%.On Wednesday, Microsoft posted fiscal fourth-quarter revenue that beat analyst estimates and reported 43% growth at its key Azure cloud business, which was also ahead of market expectations.The company said that it now has over 30 million paid seats for Microsoft 365 Copilot, its AI work assistant, up from more than 20 million as of April, in further…
Prime Minister Andy Burnham will have to raise taxes or cut spending to meet his pledges on defence and the cost of living, a major think tank has said.Burnham has announced a series of new measures since assuming office last week, including cuts to electricity bills and bringing the bus fare cap in most parts of England back down to £2.But the National Institute of Economic and Social Research (Niesr) warned the public finances will continue to be squeezed by more persistent inflation as a result of the Iran war.It questioned whether Burnham had “fully thought through” how his promises…
Stay informed with free updatesSimply sign up to the Chinese trade myFT Digest — delivered directly to your inbox.As China’s goods exports soar and its imports sag, its biggest trading partners are reacting differently. The Americans are taking a “not our problem” attitude, while (re)building their tariff wall. The EU is anxiously considering new trade barriers but struggling to agree on the details. What of a middle power such as the UK? As “China shock 2.0” hits, can this small island relax and let the cheap stuff roll in?The most basic argument in favour is that Britons are acutely aware…
Why is Adidas stock plunging today? Source link
“A company whose users request just ten images in violation of the statute would face exposure up to $5 million in civil penalties alone. A company with a thousand violative images could be fined up to $500 million. And a business whose users created a hundred thousand images covered by [the law] (not at all unlikely for a publicly available program with millions of users generating billions of images) could owe an eye-popping $50 billion dollars.” Additionally, the law gives victims a right to sue xAI over any individual output, which increases xAI’s financial risks. The penalties are so severe,…
The committee of five women and four men will announce their latest interest rate decision at 12:00 BST, with a hold the widespread expectation.The Bank rate is the MPC’s primary tool for maintaining the rate of rising prices – inflation – at a target of 2%.The latest official figures show inflation in the UK was 2.6% in the year to June, down slightly on the previous month but still above its 2.3% target.The inflation rate is likely to go up in July, as millions of households in Scotland, England and Wales feel the impact of a 13% rise in domestic…
The Shell gas logo is displayed at a gas station on April 27, 2026 in Austin, Texas. Shell has agreed to purchase Canadian energy company, ARC Resources in a deal valued at $16.4 billion.Brandon Bell | Getty Images News | Getty ImagesBritish energy major Shell on Thursday reported stronger-than-expected second-quarter profit, benefitting from the jump in oil and gas prices amid the sprawling Middle East conflict.The oil giant posted adjusted earnings of $9.84 billion for the April to June period, comfortably beating analyst expectations of $8.79 billion, according to an LSEG-compiled consensus. A separate, company-provided analyst forecast had put Shell’s…