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Researchers say results mark a 'profound change in technology that will reshape medicine'From George Clooney in ER to Noah Wyle in The Pitt, emergency department doctors have long been popular heroes. But will it soon be time to hang up the scrubs?A groundbreaking Harvard study has found that AI systems outperformed human doctors in high-pressure emergency medicine triage, diagnosing more accurately in the potentially life and death moments when people are first rushed to hospital. Continue reading......

If firm is put in special administration, United Utilities and Severn Trent show shareholders won't flee sector en masseThames Water, with occasional cameos by ugly little siblings Southern Water and South East Water, grabs most of the attention in the sector for obvious reasons. So it's easy to overlook what's happening further north. Short answer: the new era of higher bills and higher spending on water infrastructure will feel splendid if you're United Utilities, licence-holder in north-west England, or Severn Trent, operating in the Midlands.The former's share price surged 11% on Thursday, the sort of thing that shouldn't happen at a utility where success is meant to be defined in terms of dull predictability. And it's definitely unusual to see a one-day valuation jump of that size when the company is issuing £800m-worth of new shares. Indeed, there was a mini-stampede for UU's equity after Australia's sovereign wealth fund, Future Fund, and the global infrastructure investor Atlas grabbed h...

There is no such thing as the Bond Dealers party, but there might as well be – the people who trade in UK debt exert a stranglehold over our politicsThe days of two-party politics are over. When voters go to the polls in England next week, they will have five main contenders to choose from. In Scotland and Wales, the nationalists make it a six-strong race.This fragmentation reflects the deep discontent with Labour and the Conservatives. One thing in common between the Greens and Reform UK is that they are each benefiting from a sense that radical parties are worth a punt because nothing could be worse than it is now.Larry Elliott is a Guardian columnist Continue reading......

Trial continues after heated back and forth during OpenAI's cross-examination of the Tesla CEO on WednesdayElon Musk's court case against Sam Altman continues on Thursday, after a day of contentious exchanges during OpenAI's cross-examination of the Tesla CEO. Musk will face another round of questioning before his lawyer calls more witnesses, including OpenAI's president, Greg Brockman.Witness testimony and evidence has revealed formerly private emails, text messages and diary entries surrounding the formation of OpenAI, giving a behind-the-scenes look at how the tech behemoth was created. Many of the tech industry's most powerful players are named as witnesses and will give their account on the origins of Musk and Altman's bitter feud. Altman is set to testify later in the trial, which will last three weeks. Continue reading......

Spy tech firm says it's just 'a software company' amid pressure for a ban on new contracts with government agenciesGet our breaking news email, free app or daily news podcastJust weeks after it implied some cultures are inferior to others in a manifesto described by one UK MP as the “ramblings of a supervillain”, the US spy tech company Palantir says it is just “a software company” amid calls for Australian government agencies to ban any new contracts with the controversial company.In Australia, state and federal contracts with Palantir have reached nearly $80m, and federal investment in the company is reportedly more than $160m. Continue reading......

Bank governor says latest MPC decision is reasonable given unpredictability of events unfolding in Middle EastBusiness live – latest updatesWhy Bank kept rates on hold despite UK bracing for TrumpflationThe Bank of England has left interest rates unchanged at 3.75% but warned that the UK may need to brace for hikes later this year, as “higher inflation is unavoidable” as a result of the war in the Middle East.The Bank's rate-setting monetary policy committee (MPC) voted to leave borrowing costs on hold on Thursday, with its nine-member committee split 8-1 in their decision. Continue reading......

We are stuck in a deluge of meaningless content that threatens human creativity. Here's a simple way to mitigate its harmsAs the US midterm elections approach, voters are voicing concern about AI. According to an NBC News poll of registered voters, 57% believe the risks of AI outweigh the benefits. A rising political cohort is particularly concerned. A Pew Research poll showed that 61% of adults under 30 say more AI in society will make people worse at creative thinking. A recent Quinnipiac poll showed that 74% of Americans think the government is not doing enough to regulate AI.Can you blame them? The CEOs of the largest AI companies chose a curious tactic: scaring their prospective users into submission. “Use it or get left behind” is the narrative, buttressed by gleeful proclamations that AI will destroy whole industries and cultural institutions. Continue reading......

A standoff between Gulf oil giants Saudi Arabia and the UAE could cause greater market volatility for years to comeThe conflict in the Middle East has claimed Opec as the latest casualty of war. The United Arab Emirates' shock exit from the oil cartel on Tuesday after 60 years is expected to weaken the alliance, which under the leadership of Saudi Arabia has helped to soothe volatility in the global oil market for decades.Global oil prices reached the highest level in four years on Thursday, rising above $126 a barrel. But as the region grapples with the continuing conflict, a fresh war may be brewing in the international oil markets, which could lead to greater market volatility for years to come. Continue reading......

First quarter output, driven by AI investment and government spending, rose as oil shock fuels inflation fearsUS gross domestic product (GDP) accelerated 2% in the first three months of 2026, though consumer spending is slowing as the war with Iran continues to impact energy prices.The last GDP reading for the fourth quarter of 2025 showed that US economic growth slowed to a 0.5% pace, largely due to a contraction in government spending after massive layoffs of federal workers last year. The federal government is down 355,000 workers, or 11.8% of the workforce, since October 2024, according to the Bureau of Labor Statistics. Continue reading......

FT branch of NUJ say there is not 'compelling case' for mandate for editorial staff to be in office four days a weekJournalists at the Financial Times are at loggerheads with the publication's management over plans to order staff back to the office four days a week by the end of the year.Members of the Financial Times' union have unanimously voted to invoke the company's dispute procedure over the proposals, arguing that management have “not made a compelling case” for the need to move from the current three office days. Continue reading......

The reasons are hardly comforting, pointing to the weakness of a battered economy in the face of this latest crisis• Business live – latest updates• Bank warns 'higher inflation unavoidable' after leaving interest rates on holdThe message to the UK's crisis-weary households from the Bank of England is: brace yourself for Trumpflation – and the higher interest rates it may yet take to rein it in.Reading the Bank's quarterly monetary policy report, it is not difficult to understand the fury Rachel Reeves expressed while in Washington this month at the “folly” of the US president's war on Iran – the impact is expected to hit the UK hard. Continue reading......

Cryptocurrency ATMs also face ban, after public inquiry found Canada lacked anti-money-laundering strategyCanada is to establish a new and powerful law enforcement agency to investigate financial crime, in stark contrast to the US, where weakened federal investigators have struggled to pursue fraudsters and the White House has pardoned convicted money launderers.A bill to create the Financial Crimes Agency (FCA) completed its first reading in parliament this week. The legislation was introduced by the governing Liberals and with their parliamentary majority, the party is likely to move the it through both levels of government quickly. Continue reading......

You're not imagining it. Smaller portions. Higher prices. Worse service. It's easy to blame inflation, but that's not the full story. Over the last few decades, a financial model has quietly taken over huge parts of everyday life. From restaurants and retailers to vets and care homes, many of the brands we rely on are no longer being run as long-term businesses, but as investments designed to generate fast returns. In this video, Neelam Tailor breaks down how private equity actually works, why it's grown so quickly, and how it can reshape the businesses you interact with every day. Continue reading......

Whitbread to call time on restaurants in UK and Ireland blaming higher costs and taxes for latest strategic resetPremier Inn owner Whitbread is to cut about 3,800 jobs in the UK and Ireland and shut its remaining Beefeater and Brewers Fayre restaurants as it resets its five-year business strategy, amid tax rises and pressure from a US activist investor.The cuts will affect about 12% of Whitbread's 30,000-strong workforce in the UK and Ireland working in its Beefeater and Brewers Fayre restaurants, which are usually located next to, or inside, Premier Inn hotels. The company said consultations with affected employees would begin immediately. Continue reading......

The earnings from the tournament in the US, Mexico and Canada will make it the most lucrative competition in the history of sport, even if some of the 48 competing countries say they are struggling to make ends meetA World Cup that Fifa's president, Gianni Infantino, billed at the draw last December as “the greatest event that humanity has ever seen” will certainly be the most lucrative competition in sporting history.Fifa has spent the last few years upgrading its revenue projections, with the most recent financial report stating that the world governing body will make $13bn (£9.6bn) from the four-year cycle culminating in this summer's tournament, almost $9bn of which will be brought in this year. Continue reading......

Brent crude jumps another 7% to highest since March 2022 on report US is considering military options against IranGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.The Bank of England is expected to keep interest rates on hold at noon, as policymakers assess the economic fallout from the Iran war. Economists will be looking for any clues on future rate policy in the statement and the subsequent press conference. The nine-member rate-setting panel, led by central bank governor Andrew Bailey, could hint at rate hikes in the months ahead if the conflict in the Middle East — where a shaky ceasefire is in place — drives inflation higher. For now, the monetary policy committee is expected to keep the bank's main rate at 3.75%, while one or two members could vote for a quarter-point hike as a premptive move to ward off higher inflation. Before the US and Israel began their attacks on Iran on 28 February, the central bank had been expected to cut...

Oil markets spooked as Donald Trump appears willing to maintain the US Navy blockade and Iran keeps strait of Hormuz all but shutThe price of Brent oil soared above $126 a barrel on Wednesday, its highest level since 2022, after Donald Trump warned the US blockade of Iranian ports could last months and peace talks remained stalled.Surging more than 13% in 24 hours, Brent crude hit a record price since the war began on 28 February. Not since Russia's 2022 invasion of Ukraine has Brent topped $120, with the price then peaking at $139. Continue reading......

Small top-tier Android is great to use, being fast, AI-loaded and with reasonable battery life, but falls short of rivals on cameraSamsung's compact flagship phone hasn't changed much in a year, but the S26 is still one of the best smaller handsets available as rivals grow larger and larger.The S26 is the cheapest and smallest of this year's top Samsungs, dwarfed by the top-of-the-line S26 Ultra in size and price. But like everything with a memory chip at the moment, the S26 has increased in price by £80 or the equivalent to £879 (€949/$899/A$1,349). At least it has double the starting storage. Continue reading......

Reform leader went public after approach from Guardian, but does his claim stack up that money was for his security?Nigel Farage was given undisclosed £5m by crypto billionaire in 2024Farage referred to standards watchdog over undisclosed £5m giftNigel Farage has admitted he received a personal gift of £5m from the Reform UK mega-donor Christopher Harborne shortly before the general election in 2024.He did not disclose that gift at the time and had made no mention of it since. That is, until Wednesday morning, when the Daily Telegraph published a story in which Farage admitted receiving the money from Harborne – saying it was for his personal security. Continue reading......

In the 1980s, Labour-controlled London built 52,000 council homes. During the Tony Blair decade, just 280. It's brought this local-election catastrophe on itselfOver the week to come, journalists will repeat three things until they, and you, are sick: that local elections fall next Thursday; that the results will decide the fate of Keir Starmer; and that he is set to do badly. But just how badly, and where? Last week, Starmer's own party dropped a big clue.The most popular politician in Britain came down from Manchester to spend the whole day campaigning in London. As Andy Burnham went from Haringey to Brixton, he rallied Labour's footsoldiers. “Don't go into the last two weeks with your shoulders down,” he told them. “Get your shoulders up.”Aditya Chakrabortty is a Guardian columnist Continue reading......