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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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GSK lifted its 2025 sales forecast after a strong third quarter. Specialty medicines drove the increase, with double-digit gains across HIV, oncology, and respiratory treatments boosting overall revenue. The company now expects annual growth of 6–7 per cent, reflecting continued momentum in higher-margin therapies and a robust launch pipeline.
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Trump criticised Fed Chair Powell today as the central bank readies another rate cut. The Federal Reserve is preparing to lower rates again this week amid political pressure, a data blackout, and signs of internal division, raising fresh questions over its independence and policy direction.
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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.
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UK Government introduces law to regulate ESG ratings providers. The legislation places ESG ratings providers under Financial Conduct Authority supervision, following IOSCO’s 2021 call for improved transparency and oversight. The regulation will apply to both UK-based and foreign providers….
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Nokia shares surged after Nvidia announced a £1 billion investment. The deal gives Nvidia a 2.9% stake in the Finnish telecoms company and cements a strategic partnership to accelerate AI-driven 6G networking and data infrastructure. The collaboration will be detailed at Nvidia’s developer conference later this week.
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UK businesses delay plans amid looming Budget concerns. A survey reveals 84% of UK business leaders fear further tax increases, with many delaying hiring and investment decisions until after the Chancellor’s Budget announcement on 26 November.
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Amundi partners with UK universities for fossil fuel-free cash fund. The fund, excluding companies linked to fossil fuel expansion, will see an initial investment of nearly £500 million from a coalition led by the University of Cambridge….
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Derby’s Cathedral Quarter Hotel opens its doors this Christmas to help tackle loneliness in the city
A Derby hotel is keeping its doors open this Christmas. Cathedral Quarter Hotel is offering half-price festive stays — complete with meals and activities — to help local residents avoid loneliness over the holidays. Management hopes the initiative will build community connections and welcome new guests to the recently refurbished venue.
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Barclays will acquire US personal-loan originator Best Egg for $800 million. The move deepens the bank’s push into American consumer finance, adding around two million new customers and broadening its foothold in unsecured lending and digital credit services.