Business Corridors
UK-EU deal to dissolve £60m a year in plant trade border costs
Angela Eagle says the UK-EU sanitary and phytosanitary deal will dissolve £60m a year in horticulture border costs, though firms will wait until early 2028 for relief.
Intelligence Briefing
The FY Times
Independent coverage of the AI economy, cross-border business corridors, and global capital flows.
Latest Signals
8 briefingsAldi to cut hundreds of UK head office roles in global cost drive
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.
OpenAI quarterly revenue crosses $10bn as losses widen to $10.9bn
OpenAI's third-quarter revenue crossed $10bn for the first time, rising nearly 50% from the prior quarter, while operating losses widened to $10.9bn, according to reports citing investor disclosures.
Oura to acquire medical AI startup Counsel Health for $625M
Oura has agreed to acquire Counsel Health, an AI-native primary care company whose chatbot already sits inside the Oura app, for $625 million, as the smart ring maker pushes from biometric tracking into clinical care.
Anthropic seeks up to $1.4tn valuation in Nasdaq flotation
Anthropic 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.
Bank of England raises interest rates to 4% as Iran war fuels inflation
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 hackers used fake job interviews and an internal AI tool, exchange says
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 lays off 22% of staff as 1,271 roles cut or changed
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.
UK and EU agree draft deal to scrap Brexit food export checks
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.
Future BusinessApple beats revenue estimates in John Ternus's first earnings call
Future BusinessBP posts highest quarterly profit in 18 years as refining margins soar
Future BusinessWelsh firm U-Test launches Sip Tips drink test nail stickers ahead of Christmas party season
Future BusinessAstraZeneca profit jumps 23% as it launches £1.1bn cost overhaul
AI EconomyAlphabet loses $500bn in value as AI search dents ad sales
AI EconomyUS tech stocks fall nearly $1tn in a week as AI spending nears $1tn
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