Meta trial risks reputational damage that ‘dwarfs’ financial hit August 18, 2026 Meta faces a reputational hit that could “dwarf” even the potentially colossal financial penalties if it loses a landmark US trial over claims it deliberately made Instagram and Facebook addictive to children. The tech giant goes to trial in California today in one of the biggest legal tests yet of the way social media platforms [...]
Jobless Banquet: Youth unemployment surge ‘sends Neets to KFC’ August 18, 2026 A surge in youth unemployment has fuelled the rise of chicken shops across British high streets as young people not in work, education or training – known as Neets – have flocked to fast food, a consultancy has argued. Analysts at Baringa, a consultancy with more than 2,000 employees, have drawn a link between the [...]
Public sector makes wage growth higher than expected August 18, 2026 Wage growth was higher than expected as pay offers in the public sector far outweighed growth in the private sector, new data has revealed. Official statistics have shown that wage growth, including bonuses, reached 4.1 per cent between April and June compared to a market forecast of four per cent. This was still lower than [...]
Boomtown 2026 review: Surely the best party in the world August 17, 2026 Boomtown 2026 review and star rating: ★★★★★ Pirates are squaring up to one another, clenching their jaws as they prepare to strike blows. Hundreds are jeering around the ring, where the crowd have been whipped into a feverish mob. Villagers are peering from the rooftops to get a glimpse of the fight. But before long, [...]
Jenrick: Welfare cuts worth £50bn allows us to ‘sustainably pay’ triple lock pension August 17, 2026 Reform UK’s Robert Jenrick has said a £50bn welfare cut plan allows the state to “sustainably pay” for the triple lock pension. In a press conference on Monday, Jenrick said plans to strip welfare from around 3m people, including foreign nationals, would be the biggest overhaul of the benefits system in a generation. Jenrick said [...]
Ask the expert: Is this a hack for contributing £29,000 to an ISA? August 17, 2026 Fidelity personal financial specialist Marianna Hunt is back on hand to answer your burning questions, and today a reader wants to know if they’ve found a hack on UK ISA rules. Q. My grandson is turning 18 this year. I want to give him some money to invest in his ISA. Is it true that [...]
Jobs market ‘stops moving’ as employment costs weigh on hirers August 17, 2026 The UK’s jobs market has “largely stopped moving” as employment costs weigh on businesses and block jobseekers’ progression into the world of work. Private sector employment intentions are stuck at the lowest ever level outside of the covid-19 pandemic, at plus 11, according to the Chartered Institute of Personnel and Development (CIPD). The organisation, which [...]
Inside Paul Pogba’s Saudi camel racing club Al Haboob August 13, 2026 Last year Paul Pogba invested into the Al Haboob camel racing club in Saudi Arabia. Matt Hardy goes behind the scenes with its founders. Over 1,000 years ago the warring tribes of the Arabian Peninsula, eager to stake their claim to the region’s limited land with access to its surrounding seas and gulfs, used to [...]
Fielden: Crafting a modern whisky brand August 13, 2026 This month’s issue of Whisky Business, City AM’s monthly look at the world of whisky, takes a look at a new English whisky brand, Fielden Spend five minutes online looking for confirming evidence, and you’ll find plenty of commentary arguing that consumers the world over are drinking and spending less on alcohol. However, the underlying, real-world data [...]
Corgi Cafe: My day at London’s 24/7 hub for tech bros August 13, 2026 San Francisco startup Corgi is offering hustling Londoners a place to grind 24/7. Anna Moloney dares to go inside.