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AI firms must answer for rogue bots, says boss of hacked company

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Image source, Getty By Joe Tidy Cyber correspondent, BBC World Service Published 59 minutes ago The boss of one of the companies recently hacked by out-of-control artificial intelligence (AI) says bot makers must be accountable for cyber attacks carried out by their creations. Clement Delangue's company Hugging Face was breached by a rogue OpenAI bot that broke out of a test environment and autonomously attacked his firm earlier this month. Hugging Face had to rebuild around a third of its IT network after the unprecedented incident. He told CNN his company will not be taking legal action against OpenAI as it is a small start-up but says these types of hacks are illegal and should remain so. "Everyone has to remember that a cyber attack is a crime and it is illegal," he said. Delangue said he hopes that legal frameworks are maintained to recognise this and to make sure that the companies that make mistakes leading to the hacks are "accountable." Delangue said h...

I helped bring in US bank stress tests. Now it is time to drop them

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The return of Boeing

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The US aviation giant is winning back trust after a near-decade strewn with disasters. Now it needs to make money again 🔥 EXCLUSIVE PARTNER OFFER Ordinateur portable léger E157 de 15,6 pouces, 8 Go de RAM + 256 Go de stockage, Windows 11, processeur Intel Alder Lake N100 quadricœur, prise américaine 367 💎 Exclusive offer! The product everyone is talking about is now at a special price. 🛒 Buy Now on AliExpress → Affiliate link — Commission earned at no extra cost to you 📰 Original source: https://www.ft.com/content/229f215f-9be0-4afe-a4d7-378aadbf87c5?syn-25a6b1a6=1 © EcoNews DZ — Global Economic & Financial News

Budget to be held in October, Healey announces

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Image source, Getty Images Image caption, Chancellor John Healey said his first budget would be built around fiscal discipline By Jennifer McKiernan , Political reporter and Emer Moreau , Business reporter Published 31 July 2026, 15:26 BST Updated 11 minutes ago Chancellor John Healey has announced the date of his first Budget will be Wednesday, 28 October. In a video message, he said: "This will be a Budget that moves money and power out of Westminster, and into every postcode around Britain. "It will be built on fiscal discipline. It will meet our fiscal rules. It'll give businesses and families some of the stability they need to plan for the future. Now, let's get on with the job." Prime Minister Andy Burnham has said his government will stick to Labour's fiscal rules on spending and borrowing as well as the party's 2024 manifesto pledges not to increase income tax, VAT or national insurance contributions. Burnham also said he will honour the fiscal r...

Markets are getting AI right

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Article about global economy: Markets are getting AI right 🔥 EXCLUSIVE PARTNER OFFER Ordinateur portable Jumper EZbook S7 Hi 15,6 pouces, 12 Go + 256 Go, Windows 11 Intel Comet Lake 5205U Dual Core, prise américaine (gris) 265 🎯 Best price guarantee! Order now and enjoy fast shipping with global tracking. 🛒 Buy Now on AliExpress → Affiliate link — Commission earned at no extra cost to you 📰 Original source: https://www.ft.com/content/c167fb1b-69c3-4df0-9126-1e0af678f924?syn-25a6b1a6=1 © EcoNews DZ — Global Economic & Financial News

BP puts North Sea business up for sale

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Image source, WPA Pool By Shanaz Musafer and Claire Diamond , BBC News Published 31 July 2026, 08:48 BST Updated 42 minutes ago BP has said it is putting its North Sea business up for sale in a move that would end 60 years of production in the region by the oil giant. The decision follows a review of BP's operations as it seeks to slim down the group. Its North Sea business has five production hubs - two in the central North Sea and three west of Shetland - and employs about 1,100 people. Earlier this week, Prime Minister Andy Burnham said he told US President Donald Trump he would take a "pragmatic approach" to the issue of North Sea oil and gas. Trump, some trade unions, industry figures and some Labour MPs all back increased drilling in the North Sea. "The UK has been our home for more than 100 years and will continue to play an important role in our future," BP chief executive Meg O'Neill said. "We're proud of the jobs we create, the contributi...

Passenger on British Airways mayday flight describes fear and shout of 'I don't want to die'

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Image source, Edward Killiwick Image caption, Edward said there were several fire trucks on the tarmac when the plane landed By Emer Moreau , Business reporter and Emma Vardy , Correspondent Published 49 minutes ago A passenger on a British Airways flight that issued a distress call on approach to Heathrow Airport earlier this month has described the rising fear in the cabin and a lack of information from the crew. Edward Killiwick had been travelling back from a friend's birthday party with his partner Julie, on the flight from Dusseldorf in Germany on 6 July. He said passengers were told that the landing had been aborted, and then he felt a "very violent manoeuvre" and "did think we could crash". He and his partner had to comfort a woman who "completely lost it and started screaming, 'I don't want to die'". The flight landed safely, but the incident is being investigated with assistance from BA. The UK's Air Accidents Investigation B...

Exxon and Chevron profits surge on rising oil prices due to Iran war

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ExxonMobil and Chevron on Friday reported second-quarter profits that surged on rising oil prices due to the Iran war. Chevron's net income soared to $12 billion, a nearly 400% increase compared to $2.5 billion in the same period last year. Its adjusted earnings came in at $6.06 per share, 50 cents higher than Wall Street's estimates. "We're kind of firing on all cylinders, which is good, because the world needs it," CEO Mike Wirth told CNBC's Becky Quick. Wirth said the threat to oil supplies in the Middle East has expanded beyond the Strait of Hormuz at time when global inventories are falling. Iran's Houthi allies in Yemen have expanded the conflict to the Red Sea, which has become a crucial alternative route for Saudi Arabia's oil exports. "The situation is under stress and I'm afraid it's going to continue to do so," Wirth told CNBC. "We're tunning out of time. Every day that goes by, the situation gets more difficult....

China is smarter about subsidies than everybody else

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How many Americans have no savings?

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How many Americans have no savings? Sarah C. Brady Contributor Wed, July 29, 2026 at 12:25 PM PDT 4 min read Americans have a savings crisis. Or more accurately, we have a crisis of under-saving. In 2026, about a third of U.S. adults have $0 saved for emergencies. People in this group often feel like they're just bad with money. However, you should keep in mind that we're all facing factors beyond our control. Between inflation, high medical costs, and challenges in the job market, many Americans are finding it difficult or even impossible to save money. How many Americans have no savings? It's difficult to say exactly how many Americans have $0 in savings, since different sources cite different figures. One survey from Empower found that 32% of respondents reported they had no emergency savings. And 39% said rising prices are the biggest roadblock to saving for a rainy day . Meanwhile, a Yahoo Finance and Marist poll put the number of Americans without savings higher; 35%...

A portfolio manager says investors are looking overseas as Magnificent Seven worries grow. Here are the stocks and sectors he favors

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Investors are becoming more willing to increase their exposure to international equities, as concerns over the dominance of the "Magnificent Seven" technology giants encourage diversification away from U.S. stocks, Janus Henderson Investors' Julian McManus told CNBC. "There's definitely a move to explore more outside the U.S.," the portfolio manager on Janus Henderson Investors' Global Alpha Equity Team said in an exclusive interview. The firm reported about $480 billion in assets under management as of March 31. The shift marks a stark contrast with two years ago, when U.S. financial advisers were more reluctant to consider overseas markets after a decade in which American stocks consistently outperformed international peers. The MSCI ACWI ex-US index has risen over 8% year-to-date, compared to the S&P 500's gains of 6.8%, data from LSEG showed. McManus said investors had become heavily concentrated in a handful of large-cap U.S. technology sto...

Sainsbury's agrees to sell Argos for £120m

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Image source, Getty Images By Mitchell Labiak Business reporter Published 31 July 2026, 07:50 BST Updated 1 minute ago Sainsbury's has agreed to sell Argos for 120m as the supermarket chain aims to focus on its core food business. Sainsbury's said it would be "business as usual" for customers, staff, and suppliers. Shoppers will see no change as Argos will still operate in Sainsbury's shops, sell Habitat products, and offer Nectar points. The buyer, Swift Partners, is a company which has been created to buy the brand and includes former Co-operative Group boss Richard Pennycook. There are Argos 667 shops across the UK, with 201 operating as standalone stores and 466 operating within Sainsbury's. It also has more than 450 collection points. Swift Partners' Pennycook said he believed "strongly in Argos's future and see real opportunities to invest and build on its progress". The deal is expected to be completed in February next year. Sainsbury...

Iran targets strategic U.S. assets in Kuwait, Bahrain after Egypt drone attack

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Iran's army said on Friday it had launched attacks on strategic U.S. assets and military bases in Kuwait and Bahrain, following the latest wave of U.S. strikes against the Islamic Republic. Tehran said that it targeted aircraft shelters, satellite communication systems and equipment storage facilities used by the U.S. military at Kuwait's Ahmad al-Jaber Air Base in a drone strike, per state media. Iran's army also claimed Thursday to have attacked U.S. facilities at Sheikh Isa Air Base in Bahrain, targeting power generators, navigation systems and support buildings. U.S. forces on Wednesday completed a "heavy wave" of strikes against Iran, hitting dozens of Islamic Revolutionary Guard Corps (IRGC) targets nationwide. The latest exchange reflects a resumption of hostilities between the U.S. and Iran, while drone strikes on energy infrastructure have proliferated across the Middle East. Egypt said Thursday that a drone hit two ships at its Mediterranean port of Dam...

We’ve moved from income world to wealth world

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Oil prices ease as recovering Hormuz Strait traffic tempers war premium

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Oil prices extended declines Friday as signs of a recovery in crude flows through the Strait of Hormuz eased supply concerns, after a resumption of hostilities between U.S. and Iran had sent them higher. West Texas Intermediate futures for September delivery dropped 1.62% to $82.24. Brent crude futures, the international benchmark, fell by 0.98%% to $88.16 a barrel. Commonwealth Bank of Australia said in a note on Friday that stronger oil flows through the Strait of Hormuz had eased market concerns after U.S.-Iran strikes earlier this week briefly pushed Brent above $93 a barrel. The bank estimates traffic through the vital waterway has recovered to roughly 30%-35% of pre-war levels, adding that a rebound to around 50%-60% of normal flows could be enough to reassert oversupply conditions in the global oil market. Investors also weighed President Donald Trump's call to add tariffs on Iran to a bipartisan sanctions bill targeting Tehran and Russia. While sanctions against the two co...

Three things we learned about AI from Big Tech earnings

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Image source, Reuters Image caption, Leaders of tech companies Meta, Amazon and Google all reported quarterly financial results in in recent days By Kali Hays Technology reporter Published 2 hours ago The world's biggest technology companies - including Microsoft, Meta, Google, Apple and Amazon - updated Wall Street this week on their finances. One common thread emerged: they are all planning to continue spending massive amounts of money on artificial intelligence (AI). The reaction from investors was that they need to see more tangible results to show for the $1tn ( 743bn) and growing , external investment in things like computer chips, data centres, and even technical staff. That sent some tech stocks on a wild ride in recent days. While each company operates in different sectors, their AI spending and plans showed they have a few other things in common as well. AI tools and chatbots still do not make much money OpenAI's release of ChatGPT in late 2022 kicked off the ongoin...

Anthropic says Claude AI hacked three firms during cyber tests

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Image source, Bloomberg via Getty Images Image caption, Anthropic chief executive Dario Amodei By Osmond Chia Business reporter Published 31 July 2026, 01:08 BST Updated 1 hour ago US technology firm Anthropic says its artificial intelligence (AI) models hacked into the systems of three other firms during a cybersecurity test due to an error that gave them access to the internet. It comes just days after rival OpenAI said that its models had breached the systems of other companies , including AI tools hub Hugging Face. The announcement prompted Anthropic to check whether its own models had carried out similar attacks. It says it uncovered three cases that have since been reported to the affected companies. Anthropic, which did not name the firms, urged other AI labs to perform similar reviews to better understand the risks of their models' capabilities. Anthropic said in a statement , external that it reviewed more than 140,000 tests to find evidence that Claude - its family of AI...

Trump ‘not sure’ he will let Ukraine build Patriot missiles

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