Elon Musk-led group makes $97.4bn bid for ChatGPT maker OpenAI
A consortium of investors led by Elon Musk offered $97.4bn to take over OpenAI, the maker of ChatGPT. The billionaire’s attorney, Marc Toberoff, confirmed he submitted the bid for “all…
Lidl raises pay ahead of minimum wage rise
Lidl has become the latest supermarket to announce a pay rise for thousands of workers ahead of the increase to the minimum wage in April. The German-owned discount chain says…
Trump tells Treasury to stop minting ‘wasteful’ pennies
The US Treasury Secretary Scott Bessent has been told to stop minting one-cent coins, or pennies as they are widely called, by US President Donald Trump in an announcement on…
How Spain’s economy became the envy of Europe
Guy Hedgecoe Business reporter Reporting fromSegovia, central Spain Getty Images Spain attracts the second highest number of overseas visitors after France It’s a chilly mid-winter afternoon in Segovia, in central…
China’s tit-for-tat levies on US set to take effect
Peter Hoskins Business reporter Getty Images China has also imposed export controls on 25 rare metals China’s tit-for-tat import taxes on some American goods are set to come into effect…
M&S boss says retailers being ‘raided like piggy banks’
UK retailers are being “raided like a piggy bank”, the boss of Marks & Spencer has said, as the sector faces rising taxes. Writing in the Sunday Times, Stuart Machin…
PlayStation Network back online, firm says
The PlayStation Network is now back online, the service has said, after it experienced a multi-hour outage that began on Friday evening. PlayStation said the network had now “fully recovered”…
Why adults are splashing out on toys
Charlotte Edwards Business reporter Amanda Hope Amanda with her collection of Jellycats Amanda Hope dreads to think how much she has spent on her collection of Jellycat soft toys but…
Cheap China e-bikes ‘kick in teeth’ for UK firms
Oliver Smith BBC business reporter Volt Lyle and James Metcalfe run e-bike company Volt and have a factory in Milton Keynes A government decision to scrap tariffs on Chinese e-bikes…
Trump delays tariffs on small packages from China
EPA US President Donald Trump has suspended tariffs on small packages from China, after his sudden order ending duty-free treatment for shipments worth less than $800 left the US postal…