Intelligence Briefing
Independent coverage of the AI economy, cross-border business corridors, and global capital flows.
Aldi is consulting its UK technology team on up to 150 head office role reductions, adding to earlier finance, administration and buying director cuts, while store expansion continues.
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8 briefingsAnthropic has set a price range of $70 to $78 a share for its Nasdaq listing, targeting a valuation of up to $1.4tn and a raise of as much as $64.4bn, according to a US regulatory filing reported by The Guardian and BBC News.
The Bank of England has raised its base rate from 3.75% to 4% by an 8-1 vote, its first increase in more than three years, and signalled another rise is likely unless the Iran conflict is resolved.
Binance has disclosed that hackers used fake job interviews, malware and a compromised internal AI tool to drain $6.3bn from its hot wallets, an incident the FBI attributes to North Korea.
Canva is cutting, changing or relocating 1,271 roles, 22% of its workforce, after growth slowed for the first time in a decade, with CEO Melanie Perkins pointing to new technology reshaping what people create.
A 200-page draft sanitary and phytosanitary agreement would remove many post-Brexit certificates and checks on food and animal products traded between Great Britain and the EU, with the government claiming £5.1bn in eventual annual benefits, though the Guardian reports implementation may not come before the first quarter of 2028.
Apple reported $114.48bn in revenue and $2.10 a share in John Ternus's first quarter as chief executive, beating forecasts, but softer guidance for the Christmas quarter and a services slowdown pulled the stock down almost 3%.
BP's third-quarter underlying replacement cost profit reached $8.46 billion, the highest in 18 years, as war-driven refining margins and trading lifted earnings and net debt fell to $13.9 billion.
Welsh firm U-Test launches Sip Tips nail stickers that check drinks for GHB, Rohypnol and ketamine, plus IVDR-certified rapid STI self-tests.
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