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Crypto mogul Do Kwon sentenced to 15 years in prison for fraud

Crypto mogul Do Kwon sentenced to 15 years in prison for fraud

Co-founder of Singapore-based Terraform Labs given more jail time by US judge than prosecutors soughtDo Kwon, the entrepreneur behind two cryptocurrencies that lost $40bn (£29.8bn) three years ago and caused the sector to crash, has been sentenced to 15 years in prison for fraud.The South Korean, 34

UK economy shrank unexpectedly by 0.1% in October

UK economy shrank unexpectedly by 0.1% in October

The impact of the JLR cyber-attack continued to affect output, while analysts say spending was hit by Budget uncertainty.

UK economy shrank unexpectedly before budget, data shows

UK economy shrank unexpectedly before budget, data shows

GDP fell by 0.1% in October as activity failed to regain momentum after cyber-attack on Jaguar Land RoverBusiness live – latest updatesBritain’s economy shrank unexpectedly in October as consumers held back on spending before Rachel Reeves’s budget and car manufacturing struggled to recover from the

The Reject Shop faces a legal threat from a UK artist over a flamingo egg cup. Does it have a leg to stand on?

The Reject Shop faces a legal threat from a UK artist over a flamingo egg cup. Does it have a leg to stand on?

Australian retailer tells ceramic artist Hannah Turner it won’t restock the product amid debate over copyrightGet our breaking news email, free app or daily news podcastUK artist Hannah Turner was shocked by the image of a ceramic flamingo-shaped egg cup that showed up on her screen.She took in its

OpenAI makes $1bn deal to bring Disney characters to ChatGPT and Sora

OpenAI makes $1bn deal to bring Disney characters to ChatGPT and Sora

The agreement will let fans generate videos and images of more than 200 Disney characters.

Disney to invest $1bn in OpenAI, allowing characters in Sora video tool

Disney to invest $1bn in OpenAI, allowing characters in Sora video tool

Agreement comes amid anxiety in Hollywood over impact of AI on the industry, expression and rights of creatorsWalt Disney has announced a $1bn equity investment in OpenAI, enabling the AI start-up’s Sora video generation tool to use its characters.Users of Sora will be able to generate short, user-p

EU watchdogs raid Temu’s Dublin HQ in foreign subsidy investigation

EU watchdogs raid Temu’s Dublin HQ in foreign subsidy investigation

Chinese online retailer targeted under rules limiting state help to companiesBusiness live – latest updatesTemu’s European headquarters in Dublin have been raided by EU regulators investigating a potential breach of foreign subsidy regulations.The Chinese online retailer, which is already in the Eur

Banks to tell you where you might invest your money

Banks to tell you where you might invest your money

Targeted support will allow banks and financial firms to make suggestions on how to handle savings.

Disappointing Oracle results knock $70bn off value amid AI bubble fears

Disappointing Oracle results knock $70bn off value amid AI bubble fears

Weaker-than-forecast quarterly data for Larry Ellison’s tech company shows slowdown in revenue growth but big rise in spending Business live – latest updatesOracle’s disappointing results have knocked more than $70bn off the value of software and data company co-founded by Trump ally Larry Ellison,

‘Ruined my Christmas spirit’: McDonald’s removes AI-generated ad after backlash

‘Ruined my Christmas spirit’: McDonald’s removes AI-generated ad after backlash

Commercial in Netherlands depicting festival-season chaos at ‘most terrible time of year’ prompted flurry of criticism online McDonald’s says it has removed an AI-generated Christmas advertisement in the Netherlands after it was criticised online.The ad, titled “the most terrible time of the year”,

The Swiss city that lets you pay for most things with bitcoin

The Swiss city that lets you pay for most things with bitcoin

Shops, restaurants and even the local council in Lugano now accept the cryptocurrency.

Shell facing first UK legal claim over climate impacts of fossil fuels

Shell facing first UK legal claim over climate impacts of fossil fuels

Survivors of a deadly typhoon in the Philippines have filed a claim against the UK's largest oil company.

UK pharma boss says US is the best country to invest in

UK pharma boss says US is the best country to invest in

In an interview with the BBC, Dame Emma Walmsley says she will not "shy away" from GSK's US expansion.

Banks to tell you where you might put your money

Banks to tell you where you might put your money

Targeted support will allow banks and financial firms to make suggestions on how to handle savings.

Fed lowers interest rates but future cuts uncertain

Fed lowers interest rates but future cuts uncertain

The US central bank lowered interest rates for the third time this year, but the outlook for further cuts remains murky.

Toffee Crisp and Blue Riband no longer called ‘chocolate’ after recipe change

Toffee Crisp and Blue Riband no longer called ‘chocolate’ after recipe change

Nestlé confectionery treats now described as being ‘encased in a smooth milk chocolate flavour coating’Toffee Crisp and Blue Riband bars can no longer be called chocolate after Nestlé reformulated their recipes due to the increasing cost of ingredients.The Swiss conglomerate now describes the treats

Fed cuts interest rates by a quarter point amid apparent split over US economy

Fed cuts interest rates by a quarter point amid apparent split over US economy

Divisive vote to lower rates highlights uncertainty in the Fed as economy absorbs major shakeups, including tariffsThe US Federal Reserve announced on Wednesday that it was cutting interest rates by a quarter point for the third time this year, as the embattled central bank appeared split over how b

Toffee Crisp and Blue Riband can't be called chocolate any more

Toffee Crisp and Blue Riband can't be called chocolate any more

Nestle has used more vegetable oil in it recipes, meaning the treats no longer qualify as chocolate under UK law

High Street food chain Leon to close stores and cut jobs in restructure

High Street food chain Leon to close stores and cut jobs in restructure

The "healthier" fast food chain confirmed there would be job losses, as it appointed administrators.

Porn company starts new age checks after £1m Ofcom fine

Porn company starts new age checks after £1m Ofcom fine

The media regulator Ofcom said AVS Group Ltd had started age checks on some of its porn websites.

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