BUSINESS

Common Bond has closed all its London studios until further notice, as members seek clarity over prepaid packages and more than 100 Triyoga workers pursue unpaid wages.

Howard Buffett becomes Berkshire Hathaway chairman after Warren Buffett steps down, taking responsibility for protecting the $1.1T company's culture.

Elon Musk may join Paramount Skydance's investor group as it funds its proposed Warner Bros Discovery takeover, weeks before Alex Gibney's 'Musk' reaches US cinemas.

McDonald's shares fell 4.81% after it unveiled its $8.5bn NEXT strategy to modernise restaurants and revive customer traffic amid weak sales.

Alibaba shares rose 5.1% after it unveiled its claimed most powerful Chinese AI chip, the Zhenwu V900, due for commercial release in 2027.

Iran's president refused to ease his grip on the Strait of Hormuz at the UN, keeping a chokepoint that helps set US pump prices in play as the national average nears $4.47 a gallon

Eli Lilly says 700,000 US seniors started GLP-1 treatment through Medicare's Bridge scheme, with taxpayers covering about $195 per patient each month.

Ireland's Data Protection Commission has fined Google €403M ($463M) for mishandling users' location data under the EU's GDPR privacy rules.

Florida retirees in older condominiums could face $50,000-plus special assessments linked to structural inspections, repairs and reserve requirements. Here's what to check.

Two Dallas airline pilots built a nine-RV rental business after investing about $805,000. It generated $114,000 in 2024 revenue but remains costly to run.

Meta's expanding Louisiana AI data centre is reshaping Rayville's economy, with Holy Tacos saying 40% of its business is now linked to the project.

CarMax cuts 145 corporate jobs, including 60 in Richmond, as CEO Keith Barr pursues a leaner workforce amid rising sales and falling profit.

Amazon is contacting some former employees about returning for AI, machine learning and cloud roles, as the company competes for specialised talent after large-scale layoffs.

Paramount is reportedly considering asking Elon Musk to join the investor group funding its proposed £83bn Warner Bros. Discovery takeover, following Larry Ellison's backing of X's acquisition.

Dollar General CEO Todd Vasos says $100,000 earners feel financially stretched as inflation and fuel costs push more US shoppers towards discount retailers.

US mortgage rates hit 7.12% as ARM applications climb, offering lower initial payments but exposing borrowers to future rate resets

At Riverside Church in New York, Bernie Sanders warned AI could displace tens of millions of jobs and called for government oversight of Big Tech.