As it happened: Stocks tumble after Apple rattles global markets; UK food exports hit by US tariffs June 26, 2026 Welcome back to the City AM liveblog. Markets are digesting fresh inflationary fears driven by Apple’s price hike as well as renewed threats over the safety of the Strait of Hormuz this morning after a projectile struck a vessel off the coast of Oman. Asian equity markets took a tumble overnight as price increases announced [...]
Barclays and Lloyds join banking sector plan for digital ID June 25, 2026 Barclays and Lloyds are among a group of top UK lenders working on a plan that would see customers able to use digital identification tools in their banking app. The collective of banks – which also includes HSBC, Nationwide, Natwest and Santander – are working with industry body UK Finance on a process where users’ [...]
Luminance’s boss: Why building our own AI beats ‘rented intelligence’ June 25, 2026 Amid a surge of legal AI tech firms coming to market, concerns are emerging about ‘rented intelligence,’ with some companies criticised for simply putting their logos on technology developed by others. In contrast, Luminance insists it is focused on the bigger picture, betting its future on AI models it has built in-house. Speaking to City [...]
‘Streets ahead’ – London aims to wear the legal AI crown June 25, 2026 New York may have the money, but London is trying to claim the ‘global capital of legal AI’ crown, writes Maria Ward-Brennan. In the midst of a brutal transatlantic talent war, where US firms are driving salaries through the roof and aggressively poaching top talent across the City, London has quietly secured a major strategic [...]
Pigment boss: ‘We’re replacing legacy players at the speed of light’ June 24, 2026 Eléonore Crespo, co-founder and chief executive of Pigment, said the company is replacing legacy enterprise software providers “at the speed of light”, as demand for AI-native business planning accelerates across the private sector. The Paris-headquartered platform, which helps companies including Unilever, Siemens, Anthropic and Coca-Cola run financial planning and performance management, is approaching $100m (£75m) [...]
Big Technologies boardroom battle intensifies after director ousted June 24, 2026 A fierce battle between the founder of Big Technologies and its board has gathered pace after one of the directors was voted out by shareholders. Founder Sara Murray, who was herself ousted from the board last year following accusations of fraud and forged documents, had voted to remove all four directors who were up for [...]
Global tech stocks plunge as SpaceX comes back down to earth June 23, 2026 Global tech stocks have been rocked by a widespread sell-off today after investors dumped shares in SpaceX and triggered a rout across markets. Asian markets sank overnight, with South Korea’s Kospi falling 8.3 per cent leading to the stock exchange forcing a trading-halt as investors dashed to sell-off their chip exposure. Much of this stemmed [...]
‘Act now’: AI models capable of attacks on governments months away, Five Eyes warn June 23, 2026 Powerful AI models capable of devastating cyber attacks on both governments and businesses are just months away, intelligence agencies for the coveted Five Eyes has warned in a rare joint statement. The cyber security agencies from Australia, the US, UK, New Zealand and Canada, urged leaders to “act now” in a rare public intervention after [...]
Oracle slashes 21,000 jobs amid AI embrace as tech sell-off rocks Asia June 23, 2026 Software giant Oracle axed around 21,000 roles in the last year as the US tech giant turbocharged its AI adoption plans – even as markets continue to question the rapid acceleration of the tech boom. The computing firm – which is listed on the New York Stock Exchange – said in its annual report the [...]
‘Landmark moment’ – AI law firm wins its first-ever court battle June 22, 2026 In a global legal first, an AI-powered law firm that has regulatory approval has won its first court trial. Garfield AI, the world’s first AI law firm authorised and regulated by the Solicitors Regulation Authority (SRA), has just been successful in a small claim for a freelancer to win against a hospitality business. The case [...]