BUSINESS

Economist 'Dr. Doom' Nouriel Roubini predicts AI and automation will replace much of the workforce in 20-25 years, requiring universal basic income.

Elon Musk's net worth has dropped by 37% in a month, while he seeks $4 billion for The Boring Company, despite limited progress and stalled projects.

Ryanair CEO Michael O'Leary warns passengers about delays caused by the EU's new Entry/Exit System, stating planes won't wait for those stuck in queues, leading to missed flights and extra costs.

China's DUV breakthrough is set to test US and Dutch export bans, as domestic chip tools enter production and investors question ASML's future China sales.

US companies are reversing AI-driven hiring freezes, acknowledging AI's limitations and resuming recruitment, especially for entry-level roles, as demand for human oversight and AI-native skills grows.

Morgan Stanley says investors are largely ignoring SpaceX's AI business, citing heavy spending, uncertain returns and mounting losses ahead of earnings.

Cracker Barrel CEO Julie Felss Masino resigns after three years of steering the company. She will be replaced by David Deno in October.

Robert MacDonald joins MEXC to enhance compliance and governance as the exchange expands into equities and other asset classes, focusing on regulatory strategy and licensing across global markets.

Prime Minister Andy Burnham warns the NHS will collapse without social care reform, accelerating an independent commission's timetable. Political leaders debate funding solutions amidst rising care costs and uncertainty.

The rapid rise of salon suite businesses is transforming how hairstylists work, forcing traditional salon owners to adapt to changing client and workforce demands.

Gökçe Güven, founder and former chief executive officer of technology startup Kalder Inc., pleaded guilty on Tuesday to securities fraud.

NHS mental health waiting lists are leaving thousands of young Britons struggling to find work, creating a vicious cycle that experts warn could shape a generation.

Andy Burnham's property tax plans could scrap council tax and stamp duty, but London and South East homeowners may face higher bills under a radical new system.

Oil prices plunge as US-Iran fighting pauses, but Iran denies a ceasefire, the Strait of Hormuz stays closed and analysts warn the fragile truce could collapse.

The US Department of Justice's $3.3 million settlement with major egg producers over antitrust allegations faces criticism for being too lenient, as companies report billion-dollar profits amid high egg prices.

AI companies are buying and scanning printed books for training data, raising copyright and cultural preservation concerns as rare volumes are destroyed in the process.

CXMT's record-breaking IPO impacts British retailers as the memory chip shortage drives up prices. Learn which UK retailer secured stock early and what this means for consumers.