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1823 articles · page 18 of 38
Leaked documents suggest Eugene Tenenbaum, one of Roman Abramovich's closest associates and a former Chelsea Football Club director, misled a UK court in a 2008 case over the ownership of Siberian oil fields, a case Abramovich won. Both men deny any wrongdoing through their lawyers.
The world's largest accountancy firm, Deloitte, helped falsify documents to hide Roman Abramovich's wealth and evade tax, a joint investigation by BBC Panorama and the Bureau of Investigative Journalism has found. Assets including superyachts, mansions and private jets worth $672 million were made to disappear from the sanctioned Russian oligarch's company accounts, with the firm also appearing to advise on a scheme to evade a huge tax bill through document falsification.
The chief executive of British housebuilder Bellway has said the government's Your First Home scheme for first-time buyers could increase the number of homes the company builds each year by about 10%, offering a path back to at least 10,000 completions a year.
· 2 sourcesTech stocks plunged on Tuesday after Chinese memory chipmaker ChangXin Memory Technologies (CXMT) announced over the weekend that it had made headway on new architecture that increases memory density, sending a shockwave through the global semiconductor market. SK Hynix closed 10 percent lower in South Korea, Samsung Electronics fell 7.4 percent, and Micron was down 3.7 percent in premarket trading, with other memory-related stocks including SanDisk, Seagate and Western Digital also declining.
· 2 sourcesUnitedHealth Group blew past third-quarter earnings estimates and raised its full-year profit outlook on Tuesday, as the healthcare giant's strategy of shrinking membership, exiting unprofitable contracts and investing in value-based care and artificial intelligence begins to show results. The company now expects fiscal 2026 adjusted earnings of at least $20.50 per share, up from a prior range of $19.50 to $20.
· 2 sourcesPoundland has confirmed it is in talks with potential buyers as it seeks a rescue deal, with its management team working alongside an Irish property group on a buyout. The shopworkers' union Usdaw has warned the retailer could still fall into administration, putting about 12,000 jobs at risk.
· 2 sourcesUK supermarket prices rose 2.5% in the four weeks to 4 October, up from 2.3% the previous month, as shoppers leaned more heavily on special offers to keep their grocery bills in check, according to data from Worldpanel by Numerator.
· 3 sourcesThe International Monetary Fund’s top economist has urged Britain’s Chancellor John Healey to continue repairing the public finances, as the fund upgraded its UK growth forecast to 1.3% for 2026 but cautioned that high oil prices and rising interest rates could slow the economy next year. Silvana Tenreyro, the IMF’s economic counsellor, spoke at the launch of the twice-yearly World Economic Outlook in Bangkok, little more than a fortnight before Healey delivers his first budget.
· 2 sourcesAustralian businesses are using the ban on credit card surcharges as cover to push through price increases far larger than the roughly 1.5% fee it replaced, experts say, as cafes and restaurants struggle with climbing costs and rising interest rates.
· 3 sourcesUS payments giant Visa has received approval from the People's Bank of China to set up a bank card clearing business, a significant step into a market Beijing has long kept closed to foreign card networks. The company announced the decision on Tuesday, weeks before Presidents Donald Trump and Xi Jinping are expected to meet again at the APEC summit in Shenzhen.
The academic who coined the term 'glass cliff' says the controversy over a McKinsey partner stripped of a leadership role for dismissing the idea shows the phenomenon remains relevant two decades after she first described it.
· 7 sourcesAdidas will argue in the Federal Court early next year that Australian fast fashion label White Fox breached its trademark by using four white stripes on clothing, a design the German sportswear giant says is "substantially identical with or otherwise deceptively similar" to its three-stripe mark, a feature it has used for 75 years worldwide and 65 years in Australia.
· 3 sourcesNHS maternity staff at Basildon Hospital have received payouts totalling £735,000 in what a union has called the largest group legal action ever brought by midwives in the UK. The Mid and South Essex NHS Foundation Trust settled claims from 121 staff, including 85 midwives, after admitting they were exposed to dangerously high levels of nitrous oxide, also known as Entonox, between 2021 and 2023.
· 3 sourcesWith petrol prices climbing and more second-hand electric vehicles on the market, Australian motorists are asking whether the higher purchase price of an EV pays off over a lifetime of driving. One MG4 owner says she has no regrets, while budget-conscious buyers remain cautious about the upfront cost.
Qantas has been forced to ground a Boeing 787 Dreamliner in Rome after bedbugs were discovered in the economy section of a flight from Perth, causing the cancellation of the return service and disruption for passengers.
· 2 sourcesA new messaging and payment app marketed at British university students has been using servers owned by a Chinese company placed on a US military blacklist for alleged ties to the People's Liberation Army, raising fresh questions about Beijing's footprint in UK higher education.
· 3 sourcesThe International Monetary Fund warned Tuesday that government bond yields could rise in a disorderly fashion, driven by rising inflation, mounting public debt and a surge in borrowing by AI companies that is competing with sovereign bonds for investor capital. The warning came in the IMF's latest Global Financial Stability Report, released during the IMF-World Bank annual meetings in Bangkok, Thailand, where over 18,000 delegates gathered to discuss the global economy and financial system.
· 2 sourcesPerth-based NeuroScientific Biopharmaceuticals has cleared a major US regulatory hurdle for its planned phase two trial of StemSmart cell therapy in patients with treatment-resistant Crohn's disease, with the US Food and Drug Administration backing the proposed study design and key parts of the therapy's development package.
· 2 sourcesThe International Monetary Fund has upgraded its forecast for UK economic growth this year to 1.3%, up from 1% predicted in July, but warned that higher energy prices and interest rates will slow the economy in 2027 as the fallout from the US-Iran war remains 'highly uncertain'.
The International Monetary Fund has warned that a crash in AI-related share prices could ripple across global markets, putting world financial stability at risk. In its twice-yearly Global Financial Stability Report, the fund said sky-high valuations for AI companies, along with their growing debt, were a key reason risks in the financial system are elevated. An AI correction was one of three salient risks identified, alongside rising government borrowing costs and the threat of a major cyber-attack.
· 3 sourcesThe International Monetary Fund has forecast Australia will record the biggest unemployment increase of any developed nation, with the jobless rate climbing 0.3 percentage points to 4.7 per cent in 2027, even as the economy remains among the fastest-growing in the world.
· 4 sourcesEleven Edge Early Learning childcare centres will permanently close after administrators failed to find buyers, with affected families given roughly two days' notice. Buyers were secured for 53 other centres across Queensland and South Australia, including 31 to be taken over by Goodstart Early Learning.
· 5 sourcesAsian technology stocks fell sharply on Tuesday, led by South Korean memory makers, after Broadcom's chief executive likened many AI investors to casino gamblers and Chinese chipmaker CXMT reported progress on a new memory architecture.
· 4 sourcesThe International Monetary Fund has upgraded its forecast for global economic growth in 2026, expecting the world economy to expand 3.1% this year as an artificial intelligence-driven investment boom cushions the impact of surging energy costs linked to the Middle East war.
The International Monetary Fund has warned that the artificial intelligence investment boom could end in a sharp correction that spreads beyond the tech sector, as it also cautioned that depleted emergency oil stocks and high government debt are leaving the global economy dangerously exposed to further shocks. The warnings came in two reports released on Tuesday at the IMF and World Bank annual meetings in Bangkok.
· 3 sourcesAn International Monetary Fund scenario in which a worsening Middle East conflict pushes global oil prices to US$130 a barrel could lift Australian petrol prices by another 30 cents per litre and force the Reserve Bank to raise interest rates further, economists say.
· 3 sourcesThe competition watchdog has detailed claims that Australia's biggest egg supplier and 11 other producers acted as a cartel, including buying a Queensland property to stop a rival acquiring it and blocking a competitor from supplying major supermarkets. Sunny Queen has denied all allegations and said it cooperated fully with the investigation.
· 9 sourcesMore than a year after her arrest, a Canberra woman has pleaded guilty in the ACT Supreme Court to the persistent sexual abuse of a child. Jessica May Nakkan, 31, entered the plea on Tuesday, October 13, to one count of persistent sexual abuse of a child, with the abuse occurring between January 1 and May 31, 2025.
The European Tour has issued a stark ultimatum to players linked with LIV Golf: pick a single tour for 2027. Chief Executive Guy Kinnings has formally withdrawn the circuit's previous tolerance of dual membership, placing the Ryder Cup eligibility and the future of LIV's restructuring directly in the balance.
A Dubai-bound Emirates flight was forced to return to Adelaide Airport early Tuesday morning after pilots reported a mechanical issue in the air, prompting a precautionary landing with fire crews on standby.
· 2 sourcesSix Flags Over Georgia has confirmed that a guest died in an incident on its Goliath roller coaster on Monday afternoon, as a witness described finding the victim's seat restraint "completely unlatched and unlocked" when the train returned to the station. Four other people were injured and taken to hospital, and the park was shut for the rest of the day.
· 9 sourcesEpic Games has shifted to an ‘AI first’ development strategy for its $1.5 billion collaboration with Disney, with AI models set to write all code and guide all artwork for an upcoming shooter, according to a Bloomberg report. The Marvel and Star Wars themed project, once slated for release in March 2027, has been delayed indefinitely.
Leonardo Maria Del Vecchio, heir to the EssilorLuxottica fortune, has publicly disclosed his struggles with drug addiction and renewed his criticism of the eyewear company's leadership, escalating a family feud that has intensified since he resigned from his executive roles in August.
· 3 sourcesCleveland Federal Reserve President Beth Hammack said Monday that tighter monetary policy might be necessary to bring down inflation, warning that persistently elevated prices risk entrenching an ‘inflationary mindset’ in the economy. Speaking at the National Association for Business Economics annual gathering, Hammack advocated for making smaller, incremental adjustments relatively quickly rather than delaying and risking a larger course correction.
Australian businesses are unknowingly discarding billions of dollars in profits along with their food waste, according to food waste experts, with the hospitality sector alone throwing away 1.2 million tonnes of food each year at an economic cost of about $6.4 billion.
· 2 sourcesThe Victorian government is facing accusations of manipulating its own planning system to fast-track approval for a mineral sands mine in eastern Victoria that it rejected five years ago, as a leading planning expert and local residents condemn the latest proposal as essentially unchanged.
· 2 sourcesNorway's Data Protection Authority (Datatilsynet) has fined Xandr, a Microsoft-owned advertising company, US$9.6 million (NOK 92 million) for unlawfully processing and sharing sensitive data belonging to Grindr users, in what the agency called the largest fine it has ever issued.
The BBC has scrapped plans to build a new radio drama studio for The Archers in its Digbeth hub, ending the show's long-standing association with Birmingham and prompting concerns about the impact on its production.
Bridgeport Energy has been declared preferred tenderer for oil and gas exploration across an extra 270,000 hectares in Queensland's Channel Country, with the company's chief executive saying any fossil fuels extracted would stay in Australia. The land, between Innamincka and Thargomindah on the Queensland-South Australia border, could take years to reach production.
· 2 sourcesThe Australian sharemarket is set to climb at the open, with futures pointing to a rise of 80 points, or 0.9 per cent, after Wall Street steadied following a global sell-off in artificial-intelligence stocks that whipsawed markets across Asia.
· 7 sourcesUS telehealth company Hims & Hers Health is replacing the weight-oriented Juniper service with its women's health brand, Hers, in Australia, marking the final step in its takeover of Sydney startup Eucalyptus.
· 3 sourcesThe $42 million sale of industrial spray paint company MMP Industrial has descended into a bitter legal battle in the NSW Supreme Court, with buyer Andrew King alleging he was misled about the company's finances, its safety record and its alleged involvement in an $8 million arson attack and a plot to murder a rival business owner.
· 8 sourcesQuantum computing platform IonQ said on Monday it will acquire cybersecurity company Elisity in an all-stock deal worth up to $1.3 billion, including up to $150 million in performance-based earnouts. The acquisition is designed to defend against attackers targeting generative AI models and AI agents, and to prepare for emerging quantum threats.
· 2 sourcesHoneyjar, an AI-powered platform designed to make public relations expertise accessible to everyone, is launching this week as part of the Startup Battlefield 200 at TechCrunch Disrupt. Founded by PR veterans Michelle Masek and Nadia Jamshidi, the startup automates tasks such as writing announcements, building media lists, and identifying speaking opportunities, with the broader goal of bringing the entire communications workflow into one AI-driven system.
· 2 sourcesLVMH reported worse-than-expected third-quarter sales on Monday as demand for its Louis Vuitton and Dior fashion brands deteriorated, driven by weak Chinese consumer sentiment. Organic sales rose just 1%, while the group's key fashion and leather division fell 5%, missing analyst expectations.
· 3 sourcesTom Cruise's Digger is now on course to lose an estimated $245m, a figure that would place it among the most catastrophic financial failures in Hollywood history, after the film's box office takings collapsed by 60% in its second weekend. Analysts now expect the satirical black comedy, directed by Alejandro G Iñárritu, to end its theatrical run with approximately $50m worldwide, far below the break-even point of $300m to $350m cited by the studio and industry estimates.
· 3 sourcesUltrahuman, the Bengaluru-based health tech startup best known for its smart rings, has signed a two-year memorandum of understanding with the Abu Dhabi Public Health Center (ADPHC) to develop and validate a biological-age model. The model, which combines clinical biomarkers with wearable device data, will eventually be available to people across the United Arab Emirates through government digital health platforms, the company announced Monday.
· 2 sourcesStarbucks has denied it is considering a takeover of Chipotle Mexican Grill, quashing days of speculation about what would have been the largest restaurant acquisition on record. Chipotle shares fell nearly 4% in morning trading on Monday after the statement, while Starbucks stock traded about 1% higher.
· 2 sources