New Mandelson files to be released ‘by Christmas’ Politics New files relating to Lord Peter Mandelson’s appointment as US ambassador are expected to be published by Christmas, City AM can reveal. The senior civil servant Cat Little has written to MPs, saying the Metropolitan Police has allowed the government to publish new files which were previously held back by the Metropolitan Police pending an [...]
‘The blood is in the streets’: Nasdaq plunges as US midterms rattle SpaceX and Nvidia Markets The Nasdaq index was plunging into the red on Thursday after the US midterms rattled AI-related stocks including Nvidia, Oracle and SpaceX. The tech-heavy index, which tracks 100 of the largest non-financial companies, sank more than five per cent to around 24,416 points. Chipmakers Nvidia and Broadcom each helped lead losses down eight and nine [...]
Betfred ditch Derby sponsorship and blame Healey Budget tax hikes Sport Business Betfred have pulled out of sponsoring the Derby, citing Chancellor John Healey’s tax hikes at last month’s Budget. The gambling firm signed a deal, in two parts, to sponsor five major racing meets in the United Kingdom known as the British Classics. Feature races include the Derby and Oaks at Epsom, the St Leger – [...]
Mortgage holders brace for ‘painful rise’ after interest rate hike November 5, 2026 Mortgage holders are bracing for a “painful rise” in payments after the Bank of England tightened monetary policy for the first time since mid-2023. The Bank’s Monetary Policy Committee raised interest rates to four per cent in a bid to stop inflation spiralling out of control amid the ongoing conflict in the Middle East. But [...]
Is Bali dead? I checked into Canggu’s oldest and newest luxury hotels to find out November 5, 2026 Is Bali dead? Anna Moloney checks into Canggu's first hotel, Hotel Tugu, and the new five-star Regent resort to explore how the digital nomad capital is changing.
Bank of England hikes interest rates to four per cent as inflation set to spike November 5, 2026 The Bank of England has raised interest rates to four per cent as all policymakers agreed to tighten monetary policy in a bid to stop inflation from spiralling in the next year. The Bank’s Monetary Policy Committee hiked interest rates for the first time since mid-2023, with policymakers warning another hike could come in upcoming [...]
Microsoft swerves multibillion-dollar Nscale data centre expansion November 5, 2026 Microsoft has opted against expanding a major data centre deal with British AI dealing Nscale that could have been worth tens of billions of dollars, in fresh sign of the challenges facing the industry’s vast infrastructure spending plans. The US tech giant decided not to take up an option to more than double the computing [...]
A&O Shearman lawyers set to sacrifice billable hours to build AI tools November 5, 2026 Partners at A&O Shearman have agreed to invest more than 5 per cent of its annual revenue over the next five years to build out its AI strategy. The magic circle firm said on Thursday it has committed $1.1bn (£816m) over five years to reflect “a firm-wide step change, enabled by AI, in how legal [...]
Infantino facing surprise Fifa election challenge from Japanese FA chief November 5, 2026 Japanese Fifa bigwig Kozo Tashima has emerged as a surprise possible challenger to Gianni Infantino’s bid for re-election as president of football’s world governing body. Tashima, honorary president of the Japan Football Association and a member of the Fifa Council for more than a decade, is the first rival candidate to have the backing of [...]
Why the Bank of England’s united interest rate hike signals more to come November 5, 2026 Comments from members of the Bank of England’s rate-setting committee suggest more interest rate hikes are on the way, writes Mauricio Alencar. ‘Stands to ready to act’ was the Bank of England’s mantra for most of this year as it waited for higher energy prices to trickle through the UK economy. After today, the Monetary Policy [...]