Allison, I know the world is killing you – but where did it all go wrong? | John Crace
UK government borrowing jumps to £17.4bn in October; Bitcoin nears $100,000 for first time – business live
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.The UK government borrowed billions of pounds more than expected last month, adding to the pressures on chancellor Rachel Reeves.Government borrowing jumped to £17.4bn in October to cover the difference between public sector spending and income, according to the first assessment of the public finances since last month’s budget.That’s £1
Australia took its interest rate medicine – and it has poisoned our living standards | Greg Jericho
I always worry when I hear politicians or economists talk about how the economy needs to be administered some painful medicine. Inevitably it means people suffering for no good reason. Right now the medicine of interest rate rises is poisoning the economy as living standards collapse.If ever there was an example of the disconnect between “the economy” and what people actually experience, it came with the release of the annual gross state product (GSP) figures, which measure state economies much like GDP measures Australia’s economy.The news was announced by the Bureau of Statistics, which told us “gross state product rose in all states and territories”
Apple Watch Series 10 review: thinner, lighter and basically the same
A larger screen and thinner body mark the biggest change to the Apple Watch in years, but you might have to squint to see it.The Guardian’s journalism is independent. We will earn a commission if you buy something through an affiliate link. Learn more.That is because Apple has kept much the same design on the outside despite requiring significant changes on the inside to make the watch thinner and lighter
Nvidia earnings: AI chip leader shows no signs of stopping mammoth growth
The AI chipmaker Nvidia, the world’s most valuable company and the engine of the artificial-intelligence boom, rolled out another set of quarterly results on Wednesday to investors’ delight.The company, whose value has soared by $2.2tn this year to $3.6tn on the back of near-doubling of chip sales, said it had revenue of $35.08bn, against expectations of $33
‘Going in wrong direction’ – F1 drivers have lost confidence in leadership
Formula One drivers are fed up and losing confidence in the sport’s governing body the FIA and its president Mohammed Ben Sulayem after receiving no response to their collective criticism of both in a public statement. They had called for dialogue to address their grievances but the FIA has not replied since it was issued two weeks ago.This weekend’s Las Vegas Grand Prix is the first meeting since the Grand Prix Drivers’ Association (GPDA) issued their statement, a damning indictment of the FIA and Ben Sulayem, demanding they stop treating all 20 drivers on the grid like children. It addressed the recent controversy over swearing, took issue with the “tone and language” used by Ben Sulayem in relation to his objections to the swearing and questioned the financial transparency of the FIA in how the organisation used the money from fines imposed.The Mercedes driver George Russell, who is a chair of the GPDA, was blunt in his disappointment and that of other drivers at the lack of any response from the FIA when asked if they had any confidence in the leadership of the governing body in Las Vegas
England adjusting Tom Curry’s technique to ensure safety after latest concussion
England are making changes to Tom Curry’s all-action technique to ensure his safety after he returned to the fold for Sunday’s clash with Japan following his latest concussion.Curry sat out last weekend’s defeat by South Africa after sustaining a head injury in a collision with Australia’s Rob Valetini in the previous week’s loss against the Wallabies. The 26-year-old, who missed almost all of last season with a debilitating hip injury that nearly forced him into retirement, has a history of head injuries and sustained a concussion in Sale’s opening match of the season against Harlequins.Curry also flew home early from England’s 2022 tour of Australia after sustaining a third concussion in the space of six months, but while Immanuel Feyi-Waboso is absent from this week’s squad having also suffered a head injury against the Wallabies, the openside flanker could return against Eddie Jones’s Japan this weekend having successfully come through the return-to-play protocols. Feyi-Waboso, who is studying medicine, made headlines earlier this year when effectively ruling himself out of England’s final Six Nations match against France on concussion grounds
Billionaire Gautam Adani charged in US over alleged $250m bribery plot
UK inflation rises to 2.3%, increasing pressure to delay interest rate cut
Opt out: how to stop tech companies spying on your phone as Trump promises mass deportations
Can a fluffy robot really replace a cat or dog? My weird, emotional week with an AI pet
Warren Gatland doubles down on Wales job but public support in short supply
Rejigged India can draw strength from 2021 – but still face uphill struggle | Geoff Lemon