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Airport Dimensions has launched Sleepover, its formal airport sleep station brand. The concept converts unused terminal space into restful, revenue-generating pods for travellers and airports alike. Building on proven performance in Dubai and Doha, the brand now expands to new markets including Lima.
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Barclays and Santander lead in net account switch losses. Barclays and Santander saw significant net losses in current account switches, while Nationwide gained the most customers. Technical outages affected customer retention at major banks.
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Microsoft’s AI outlay has unsettled investors despite strong quarterly growth. The company’s results outperformed expectations, but soaring capital expenditure underscored the rising cost of cloud infrastructure and renewed questions about how soon artificial intelligence investments will deliver returns.
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Puma said it will cut around 900 white-collar roles globally by end 2026. The German sportswear group reported double-digit sales declines and rising debt, prompting a wider restructuring under new chief executive Arthur Hoeld as it seeks to stabilise margins and reset its global distribution model.
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Labour has unveiled a £55 billion plan for science and technology. The programme — the largest sustained investment in UK R&D — will channel billions into research organisations and innovation bodies through 2030, as part of a national strategy to make Britain a global science and technology superpower.
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Just one in three UK tech scale-ups have AI board expertise. New research from Think & Grow reveals UK technology scale-ups risk falling behind larger listed peers, with just 32% boasting artificial intelligence expertise on their boards compared with 40% of FTSE 350 tech companies.
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Corpay moves to acquire UK-based Alpha Group International. The £1.8 billion all-cash agreement will see the London-listed payments and foreign-exchange provider become part of the U.S. financial services group. The deal extends Corpay’s reach into Europe’s institutional markets and highlights renewed overseas appetite for UK-listed fintech businesses.
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GoodData has unveiled new AI-native data intelligence tools. The composable platform brings audit-ready automation and governance to banks, insurers, and financial institutions, combining regulatory compliance with scalable innovation across core financial operations.
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Two global giants are reshaping their workforces through AI-driven restructuring. PwC and Amazon have each announced major headcount reductions tied to automation investment and slower growth. Both moves highlight how large employers are shifting from expansion to productivity, using artificial intelligence to redefine roles, structures, and future hiring priorities.
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Japan’s economy strengthened modestly in October, led by corporate investment. The government’s latest monthly report points to rising capital expenditure in equipment, software, and digitalisation, while household consumption remains subdued and export risks persist. Officials maintained their overall view of moderate recovery for the third consecutive month.