UK shelves £1.3bn of funding for technology and AI projects
Britain’s first next-generation supercomputer, planned by Tories, in doubt after Labour government move
Apple beats earnings forecast despite decline in iPhone sales
Tech giant’s revenue rises 4.9% to $85.78bn despite phone sales falling 0.9% and trend of decline in key China market
Intel announces plan to cut 15,000 jobs to ‘resize and refocus’ business
Firm reported a loss in its second quarter and said it would cut 15% of its workforce to cut costs and compete with rivals
US investors trigger major Wall Street sell-off over recession fears
Cooling job market, slowing manufacturing and tumbling stock market lead to big tech sell-offs
CrowdStrike accused of defrauding investors in class action lawsuit
Company says it will vigorously defend claim by pension fund that its stock price was kept artificially high
Strong earnings report pushes Meta shares up amid heavy AI spending
Stock price grew around 5%, which revealed the company outperformed analysts’ expectations for its second quarter
Mixed signals on tech stocks amid debate over viability of AI boom
Fears of fresh sell-off after Nvidia and Microsoft shares dip, but other chip stocks continue to rise
UK regulator looks at Google’s partnership with Anthropic
CMA to consider whether deal with AI startup is a potential merger, which could prompt full investigation
Ebike entrepreneur Valeria Labi: ‘If I see a problem and I think it can be solved, I follow that thread’
The British-born businesswoman behind Ghana’s first electric bike is out to woo Africa’s delivery riders away from costly and polluting petrol while cutting carbon emissions
Chinese firms win record 11% EV share in Europe as buyers rush to beat tariffs
State-owned SAIC, parent of the British brand MG, was responsible for biggest jump in sales in June
McDonald’s sales fall for first time since 2020, as higher prices deter consumers – as it happened
Live, rolling coverage of business, economics and financial markets as McDonald’s faces pressure to cut prices and lure back customers
Bitcoin price hits six-week high after Trump backs cryptocurrency
Former president says he will end persecution of crypto industry if he wins US election in November
Elon Musk’s X under pressure from regulators over data harvesting for Grok AI
Social media platform uses pre-ticked boxes of consent, a practice that violates UK and EU GDPR rules
Why Zuckerberg’s multibillion-dollar gamble doesn’t just matter to Meta
As Llama 3.1 405B is made freely available, investors are asking when the huge industry spend will pay off
‘A huge opportunity’: Quantum leap for UK as tech industry receives £100m boost
Science secretary backs five quantum technology hubs in push for UK to transform healthcare and industry