Business

Nvidia reports soaring profits but AI crash could set it back

It’s boom time for AI, says firm’s founder Jensen Huang, but some fear a dotcom-type blowout is on the way

Dismay in nursery sector as free hours plan expands

Increase to 30 hours a week from tomorrow is popular with parents but early years providers say the cash they will receive won’t cover costs

This Labubu bubble will turn ugly

Pop Mart’s surging profits and an inflated secondary market will only last as long as ugly doll fad

Amazon said I ‘violated’ policy but I’m innocent

From defence to hiking, OS is still mapping out the future of Britain

Ordnance Survey has seen a 4% rise in revenue this past year after several profile-raising projects

Why Reeves would do best to bank on Bailey

The chancellor needs to work in partnership with the Bank of England to encourage growth

It’s refined in India, but Russian crude is still gushing into the UK

Oil products worth millions have been imported from a refinery owned by a sanctioned Russian firm

‘EU must present viable trade alternative to Trump’

European governments must think about modern economies, rather than romanticise the past

Wise founders in dual-class duel

Publishing app Substack joins $1bn club

The newsletter platform has shifted its focus from content creation to user retention

Reeves’s taxing problems can be fixed by a customs union

There is a lever the chancellor can pull to galvanise economic growth. Will she?

Big four cut jobs for graduates as AI adds to consulting crisis

Accountancy giants are reducing university intake and workforces, as the disruption caused by advanced AI takes effect

Markets vote for Federal Reserve chair Jerome Powell

If Trump tries to fire the head of the Fed, it would add a new level of economic uncertainty for the global economy

Wobbly growth, troubled trade and rising debt: UK plc is in a fix

The chancellor is searching for a brighter narrative – but the economy faces a string of difficulties

As the AI jobs armageddon approaches, it seems that only plumbers are safe...

Statistics crisis leaves Bank and chancellor flying blind

MPs identify failings and deep-seated problems within the leaderless UK Statistics Authority that need to be addressed

Greece is on the path to fiscal order, but graft accusations dim its future

A decade after avoiding ‘Grexit’, progress is being made, says finance minister Kyriakos Pierrakakis

Trump gets his bill through for 4 July but economy may pay the price

Ahead of the final vote, over half of American voters opposed the bill, compared with 30% who supported it