Wall Street and FTSE 100 hit record highs after US inflation report fuels interest rate cut hopes – as it happened

Newsflash: US inflation has risen, but not as much as expected, new delayed economic data shows.The annual US consumer prices index rose to 3% in September, up from 2.9% in August, but lower than the 3.1% which economists had forecast.That means the cost of living is continuing to rise faster than the Federal Reserve’s 2% target, as the US central bank comes under pressure from the White House to cut interest rates faster

Nigel Farage seeks influence over Bank of England in same vein as Trump and US Federal Reserve

Nigel Farage has suggested he would replace the governor of the Bank of England, Andrew Bailey, if he were to become prime minister.“He’s had a good run, we might find someone new,” Farage said in an interview with Bloomberg’s The Mishal Husain show.“He’s a nice enough bloke,” the Reform leader added.However, Farage is unlikely to have a say in Bailey’s leadership, given the governor’s single eight-year term is due to end in March 2028 and the prime minister, Keir Starmer, is only required to hold a general election sometime before 15 August 2029.Farage has been calling for politicians to have greater influence on the central bank, which was made independent in 1997 by the then chancellor, Gordon Brown

Meta found in breach of EU law over ‘ineffective’ complaints system for flagging illegal content

Instagram and Facebook have breached EU law by failing to provide users with simple ways to complain or flag illegal content, including child sexual abuse material and terrorist content, the European Commission has said.In a preliminary finding on Friday, the EU’s executive body said Meta, the $1.8tn (£1.4tn) California company that runs Instagram and Facebook, had introduced unnecessary steps in processes for users to submit reports.It said both platforms appeared to use deceptive design – known as “dark patterns” – in the reporting mechanism in a way that could be “confusing and dissuading” to users

Amazon reveals cause of AWS outage that took everything from banks to smart beds offline

Amazon has revealed the cause of this week’s hours-long AWS outage, which took everything from Signal to smart beds offline, was a bug in automation software that had widespread consequences.In a lengthy outline of the cause of the outage published on Thursday, AWS revealed a cascading set of events brought down thousands of sites and applications that host their services with the company.AWS said customers were unable to connect to DynamoDB, its database system where AWS customers store their data, due to “a latent defect within the service’s automated DNS [domain name system] management system”.DynamoDB maintains hundreds of thousands of DNS records. It uses automation to monitor the system to ensure records are updated frequently to ensure additional capacity is added as required, hardware failures are handled and traffic is distributed efficiently

Kildunne, Kabeya and a cracker: Quins kick off Premiership Women’s Rugby season in style

A carnival atmosphere greeted the season opener with Harlequins beating Loughborough Lightning 52-42 in a thrillerCowboy hats, international stars and a carnival atmosphere. The Rugby World Cup may be over but the women’s rugby party rages on in England with the Premiership Women’s Rugby season beginning under Friday Night Lights at the Stoop, just across the road from where the sport’s game-changing moment happened just shy of a month ago.If you listen closely enough, the cheers from England’s World Cup victory over Canada in September still reverberate around Twickenham. For many in the game the voices of the 81,885 fans at the home of English rugby will forever be the soundtrack to women’s rugby’s record-breaking moment. The tournament was a huge success and with England lifting the trophy, the hope is that interest will translate to the domestic season

Blue Jays batter Dodgers with nine-run sixth inning to take World Series opener

Addison Barger launched the first pinch-hit grand slam in World Series history and Alejandro Kirk added a two-run homer as the Toronto Blue Jays stormed back to crush the defending champion Los Angeles Dodgers 11–4 in Friday night’s opener at Rogers Centre.Playing in their first Fall Classic in 32 years, the Blue Jays erupted for nine runs in the sixth inning, turning a 2–0 deficit into a blowout that electrified a sold-out home crowd and gave Toronto a 1–0 lead in the best-of-seven series. Barger’s 413-foot blast to center capped a historic inning that also included Kirk’s homer and a parade of baserunners against a shell-shocked Dodgers bullpen.ScheduleBest-of-seven series. All times Eastern Daylight Time (UTC-4)