Business
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Most young UK workers now weigh up second jobs for survival. More than half of Gen Z and 71% of Millennials are considering side hustles as the cost-of-living crisis drives up financial anxiety among the UK’s youngest employees, according to new research by Boostworks.
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The UK regulator has proposed classifying Apple and Google as firms with “strategic market status.” If finalised, the move could bring targeted conduct rules, fines, and broader scrutiny to their 90–100% hold on UK smartphones.
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The UK government has signed a new MoU with OpenAI. The ten-word sentence ends here. Ministers say the agreement will let Whitehall pilot GPT‑4o and future AI models across justice, health, and defence, paving the way for possible new data centres and a stronger AI security regime.
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Stellantis projects a €2.3 billion loss amid global challenges. The automotive giant cites new US trade tariffs, declining European demand, and the cancellation of its hydrogen programme as key factors contributing to the anticipated financial setback.
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Nostrada.ai began as a frustrated idea inside Parliament’s corridors. The platform now predicts how every UK MP will act. With its rise, political risk analytics is changing fast — and Nostrada’s “digital twins” are giving lobbyists, diplomats, and global businesses an edge in a high-stakes world.
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Compass Group has acquired Vermaat in a €1.5bn cash deal. The acquisition boosts European exposure, lifts guidance, and signals continued sector consolidation in premium food services.
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A quarter of CMOs lost customers to martech errors last year. Poor implementation, disconnected systems, and AI issues are undermining campaigns and brand trust, says new IMG research.
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Retail profit alerts more than doubled in Q2, EY reports. UK-listed firms face challenges from policy changes and geopolitical uncertainty, with a 20% rise in profit warnings year-on-year. Rising wage costs and reduced consumer spending pressure retailers, alongside tariff impacts from global trade tensions.
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The UK introduces a new AI audit standard. The British Standards Institution has launched the world’s first international certification standard for AI assurance, creating new benchmarks for independence, rigour, and global governance.
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The UK government revives the Pensions Commission to address retirement poverty. Ministers are concerned that future retirees may face greater financial challenges than current pensioners. The commission will explore solutions to improve savings and retirement conditions for today’s workforce.