Trump declares ‘America is back!’ as US markets touch record highs January 28, 2026 Renewed AI-hype helped the S&P 500 break through the 7,000 mark for the first time ever on Wednesday, while the dollar clawed back some ground after a bruising few weeks. Equities soon pared their gains, falling below the 7,000 benchmark a few hours after the opening bell, and the S&P 500 had swung back into [...]
CMA pushes back on Google’s AI overviews January 28, 2026 The UK’s competition regulator has fired an early warning shot at Google’s AI-powered search, in a move that suggests the era of unfettered scraping and summarising may be coming to an end. The Competition and Markets Authority (CMA) on Wednesday set out proposed rules that would force Google to loosen its control over how search works in the UK. [...]
Reply and the University of Milan Launch Experimental Research on Biological Computing Based on Cortical Labs’ CL1 Platform January 28, 2026 Reply [EXM, STAR: REY] today announced the start of a collaboration with the Department of Pathophysiology and Transplantation of the University of Milan, together with the “Centro Dino Ferrari” of the University of Milan – Ospedale Policlinico, for a new research and experimental initiative in the field of biological computing. The project aims to explore [...]
KPMG posts strong revenue growth in first UK-Swiss results January 28, 2026 Big Four giant KPMG has reported revenue of £3.6bn for its year ended 30 September 2025, in its first year of results since the combination of its UK and Swiss businesses. These are the firm’s first results following the merger of the UK and Swiss businesses on 1 October 2024, which showed revenue rose to [...]
Amazon confirms 16,000 job cuts after internal email error January 28, 2026 Amazon has confirmed it will cut 16,000 jobs globally, just hours after staff were mistakenly alerted to the redundancies in an internal email that was not meant to be sent. The latest round of layoffs follows the 14,000 corporate roles Amazon said it would axe in October, taking total white-collar cuts to around 30,000 in [...]
Is Musk’s SpaceX IPO date written in the stars? January 28, 2026 SpaceX may be aiming for the stars in more ways than one as Elon Musk has floated the idea of timing the rocket maker’s IPO to coincide with a rare planetary alignment, as well as his own birthday. The tentative window is mid-June, when Jupiter and Venus will appear unusually close together in the night sky, a [...]
Professional services firms facing ‘polycrisis of confidence’ January 28, 2026 A major study of C-suite attitudes among professional services firms has revealed a complicated landscape of increasing AI use, growth fears, worries about cash flow and concerns over staff motivation. According to the Managing Partners Forum Winter 2025 Quarterly, shared exclusively with City AM, all firms surveyed have integrated Gen AI into their daily operations, but [...]
Hydrostor and Baker Hughes Deepen Strategic Collaboration to Advance Reliable, Resilient, and Sustainable Power Systems January 28, 2026 Collaboration includes an equity investment and up to 1.4 GW of power generation and compression technology orders for Hydrostor flagship projects
Options Technology Brings the First Commercial Quantum Compute Platform to New York City’s Capital Markets January 28, 2026 Options Technology (Options), the leading provider of financial services infrastructure, today announced the availability of the first commercially accessible quantum computing capability in New York City, delivered as part of its global hybrid compute platform. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260128962957/en/ As capital markets enter the next phase of compute [...]
Anthropic and OpenAI raise billions as LLM race accelerates January 28, 2026 The AI boom took another leap forward this week as rival labs Anthropic and OpenAI moved to lock in eye-watering sums of funding, as the chatbot race accelerates. Anthropic has closed a funding round of between $10bn and $15bn at a valuation of around $350bn, comfortably overshooting its original target. The round was led by [...]