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Chelsea left particularly frustrated by Uefa actionsClubs were not briefed about plans to release informationPremier League clubs are unhappy with Uefa's decision to reveal details of their financial results before some have been published and without warning.Chelsea's record pre-tax loss of £355m last season formed a key part of Uefa's European Club Finance and Investment Landscape report, which was presented by its executive director, Andrea Traverso, at the Financial Times's Business of Football Summit on Thursday, with the losses incurred by Tottenham and Aston Villa also featuring prominently. Continue reading......

Attorney general says $111bn deal will be investigated amid concerns over monopoly power and job lossesSign up for the Breaking News US email to get newsletter alerts in your inboxRob Bonta, California's attorney general, said his office will investigate a possible merger between Paramount Skydance and Warner Bros Discovery, hours after Netflix backed away from a planned takeover.“Paramount/Warner Bros is not a done deal,” Bonta said in a post on X. “These two Hollywood titans have not cleared regulatory scrutiny — the California Department of Justice has an open investigation, and we intend to be vigorous in our review.” Continue reading......

Deal signals feverish pace of AI investment with multibillion-dollar backings from Nvidia, Amazon and moreOpenAI said on Friday it is raising $110bn in a blockbuster funding round that would value the ChatGPT maker at $840bn, in a deal that signals the feverish pace of investment in artificial intelligence.It's more than double the amount the company raised last year, when it racked up $40bn in the largest private tech deal on record. Continue reading......

Kate Fox says Joe Ceccanti was the 'most hopeful person' before he started spending 12 hours a day with a chatbotOn 7 August, Kate Fox received a phone call that upended her life. A medical examiner said that her husband, Joe Ceccanti – who had been missing for several hours – had jumped from a railway overpass and died. He was 48.Fox couldn't believe it. Ceccanti had no history of depression, she said, nor was he suicidal – he was the “most hopeful person” she had ever known. In fact, according to the witness accounts shared with Fox later, just before Ceccanti jumped, he smiled and yelled: “I'm great!” to the rail yard attendants below when they asked him if he was OK. Continue reading......

As high rents push more adult children back to the family nest, it is vital to have a conversation about who pays whatWhen her 27-year- old son and 24-year-old daughter moved back home, Tricia Carter decided to ask them to pay rent. The 63-year-old, who lives in south London, charges them £300 each a month to cover bills including electricity and groceries.She has a comfortable income, but their contributions help to keep the books balanced. The money is also a way to make her children aware of the financial burden of living somewhere, she says. Continue reading......

There is no end in sight to the pollution caused by a 'broken' system. Experts say it could even be getting worseSarah Lambert took her usual morning swim for 40 minutes off Exmouth town beach before her volunteer shift helping disabled people get access to the water.A wheelchair user herself, Lambert's regular sea swims twice a week between the lifeboat station and HeyDays restaurant were the perfect form of exercise for her disability. Continue reading......

Case brought by 29 workers and backed by UVW union seen as test case that could lead to changes at other restaurantsHarrods is facing legal action over its addition of a £1-a-head cover charge to diners' bills that does not go to workers, in a test case that could lead to changes at a string of upmarket restaurants.Legislation, which came into force in October 2024, requires business owners to hand over all tips and service charges to staff. Some restaurants, including those at Harrods, add a mandatory cover charge as well as an optional service charge and only pass on the latter to their workers. Continue reading......

DoJ says it will not ask US supreme court to rehear tariffs case despite president's complaint on Truth SocialThe Trump administration said refunds of tariffs struck down by the US supreme court “will take time”, according to court documents filed by the Department of Justice.Businesses including FedEx have lined up to demand reimbursement for US tariffs they have paid but that the court last week deemed were imposed illegally, prompting heavy criticism from Donald Trump. Continue reading......

The supreme court has deferred to executive power for decades. Its decision on tariffs is a long-overdue warningAfter two decades of deferring to executive authority and eroding anti-bribery laws, the supreme court has suddenly limited presidential power in a way that could make one ugly form of political influence a bit more difficult to pull off. Last week's ruling did not merely strip one president of his executive power to unilaterally impose levies across broad swaths of the economy – it makes it harder for any president to transform tariffs from a broad economic policy into a personal political cudgel that muzzles criticism and enforces fealty.“A Supreme Court otherwise inclined to endlessly expand Trump's authority just restricted his go-to tool, ruling that U.S. presidents do not have the power to unilaterally deploy tariffs and dole out punishment and favor to specific companies and economic sectors, friends and family, and entire countries,” said Lori Wallach of Rethink Trade.The Washing...

Ofcom says it could now apply to courts to issue fines and demand internet service providers to block access to siteA suicide forum linked to multiple deaths in Britain has been ruled in breach of the Online Safety Act after it failed to properly block access to UK users when ordered to do so last year.Ofcom, the online regulator, said it could now apply to the courts to issue fines and demand internet service providers block access to the site in the UK. This will depend on how the site responds over the next 10 days. Continue reading......

CEO Jack Dorsey said 4,000 employees would be laid off as the fintech company, which owns Cash App, embraces AISign up for the Breaking News US email to get newsletter alerts in your inboxFintech company Block announced that it would be laying off 4,000 of its 10,000 employees because of gains in AI productivity.“Intelligence tools have changed what it means to build and run a company,” Jack Dorsey, Block's CEO, said in a letter to shareholders on Thursday. “We're already seeing it internally. A significantly smaller team, using the tools we're building, can do more and do it better. And intelligence tool capabilities are compounding faster every week.” Block is the parent company for online payment platforms such as Square and Cash App. Continue reading......

Report says chancellor to sign contract with Italy's Leonardo, saving 3,000 manufacturing jobs at Yeovil plantRachel Reeves is to approve a £1bn deal to build military helicopters in Yeovil, saving about 3,000 manufacturing jobs, according to reports.The chancellor is expected to sign a contract with Leonardo – the Italian owner of the former Westland factory in Yeovil, Somerset – to build the new battlefield helicopters, after months of speculation as to whether the historical site would survive. Continue reading......

Average life satisfaction still below pre-pandemic peak despite improving economic outlook, reports ONSThe proportion of people in the UK who feel dissatisfied with life has failed to improve since the pandemic despite the economic outlook improving, official figures show.The Office for National Statistics said its quarterly survey of personal wellbeing in the UK shows that average life satisfaction remains below its pre-pandemic peak, despite the rate of GDP per person rising over the same period. Continue reading......

EPA rolls back rules as chemical firms claim provisions in RMP protection system too expensive to implementThe Trump administration is slowly dismantling the federal disaster management system that protects the nation from chemical catastrophes, such as fires and explosions at high-risk facilities.The US Environmental Protection Agency's Response Management Program (RMP) requires over 12,500 high-risk facilities to develop protocols to prevent catastrophes, or limit fallout, and was largely designed to protect workers, first responders, and fence-line communities. Continue reading......

Union-backed pledge urges fast food employers to protect workers' rights as immigration raids fuel fear and walkoutsFast food workers in California are demanding employers sign a pledge reaffirming workers' rights amid Immigration and Customs Enforcement (ICE) raids at workplaces across the US.The California Fast Food Workers Union, an affiliate of the Service Employees International Union, drafted a Constitutional Pledge to California Workers' Rights for workplaces to sign that affirms a commitment to protecting workers and “keep ICE from going where they are not allowed”. Continue reading......

Head office job losses part of plan for more separation between supermarket and Argos businessesSainsbury's is cutting 300 head office jobs as it restructures its technology team and Argos delivery network, creating more separation between the two businesses.The London-based retail group said most of the job cuts would be in technology and data, where it was “consolidating routine reporting tasks” and creating dedicated teams for Argos and the supermarket. Continue reading......

EPA found only 27 of 219 plants needed upgrades; 71 later got exemptions as Donald Trump scrapped mercury limitsAlmost all coal-fired power plants in the US had the ability to comply with rules limiting their emission of dangerous pollutants such as mercury that can cause brain damage in children. Despite this, Donald Trump's administration decided to demolish the standards anyway.Last week, the Trump administration said it is loosening restrictions on air toxins from mercury, lead and other heavy metals that are released by coal plants. Such pollution is known to be neurotoxic and has been linked to irreversible brain damage in children and infants, as well as heart disease and cancer in adults. Continue reading......

IAG enjoys record operating profits on margins of more than 15% at British Airways and sister airline IberiaBritish Airways' owner, International Airlines Group (IAG), has announced a sharp rise in annual profits to almost £4bn despite carrying slightly fewer passengers in 2025.Pre-tax profits across the group increased by 20% to €4.5bn (£3.9bn), with record operating profits on margins of more than 15% at BA and its sister airline Iberia. Continue reading......

Local river defenders force U-turn by occupying grain terminal operated by one of US powerhouses of world trade“A victory for life.” That was the triumphal message from Indigenous campaigners in the Brazilian Amazon this week after they staved off a threat to the Tapajós River by occupying a grain terminal operated by Cargill, the biggest privately owned company in the United States.“The river won, the forest won, the memory of our ancestors won,” said the campaigners in Santarém when it was clear their actions had forced the Brazilian government into a U-turn on plans to privatise one of the world's most beautiful waterways and expand its role as a soy canal. Continue reading......

Despite claims, polls and economists say tariffs and structural pressures keep US households under strainThe affordability crisis is over, Donald Trump told the US on Tuesday. The president's state of the union address put the blame for soaring prices squarely on the “dirty, rotten” lies of the Democrats and claimed prices were now “plummeting downward”.“Soon you will see numbers that few people would think were possible to achieve just a short time ago,” Trump said. Continue reading......