BUSINESS

New York appeals judges let Mamdani's luxury second-home tax stand, dismissing a challenge while two constitutional lawsuits against the levy continue.

Sterling hits its highest trade-weighted level since the 2016 Brexit vote as markets await the Bank of England's next rate decision and weigh the impact.

JD Wetherspoon plans to open up to 25 pubs during the current financial year after like-for-like sales rose 8.2%, although growth slowed towards the period's end.

Paraguay's Santiago Peña faces an impeachment bid after Ueno Bank's collapse left three million customers unable to access their money.

Canva is restructuring its business after growth slowed for the first time in a decade, affecting 1,271 employees through redundancies, role changes and possible relocations.

Canva offers laid-off staff six months' pay, healthcare, MacBooks and $10K startup grants as affected employees share their heartbreak.

CrowdStrike launches an AI kill switch in Falcon Guardian and agrees to acquire Fiddler AI and Dreadnode in deals reportedly worth $495 million.

Elon Musk could hold about 56% of votes in a potential SpaceX-Tesla merger, Barclays estimates, without meeting his pay plan milestones.

A US judge has certified four classes of Facebook users in a lawsuit alleging Meta Pixel collected sensitive health and prescription data from healthcare websites and apps.

Dutch employees are generally entitled to at least 70% of their wages for up to two years while ill, contrasting with limited federal sick-leave protection in the United States.

DoorDash has instructed employees not to request or accept new LinkedIn connections with Instacart staff while their proposed $17bn acquisition remains subject to regulatory and shareholder approval.

Berkshire Hathaway sold $69 million in DaVita shares as HHS unveils a kidney-care plan and Pomerantz investigates potential securities fraud.

Kevin Warsh plans fewer scheduled Federal Reserve rate votes in 2027 and 2028, alongside less forward guidance, potentially making US monetary policy harder to anticipate.

Oracle shares fell 8.8% after a $20 billion bond and equity raise heightened investor concerns over debt, dilution, and the cost of its AI expansion.

Walmart is bundling Walmart+ and Sam's Club Plus for $120 a year, offering delivery, fuel savings and streaming benefits for less than Amazon Prime.

The EEOC says Gator Strong and an affiliated company agreed to a $25,000 settlement over alleged sexual harassment and the firing of an office manager.

B&M has filed High Court proceedings against Morrisons and buyer Simon Buckley, alleging intellectual property infringement and misuse of confidential information.