Inquiry launched into UK budget bank tax leak; Wall Street hit by US inflation shock – business live
Posted on Tuesday November 10, 2026

Rolling coverage of the latest economic and financial news, including live coverage of the Bank of England Watchers conference in London

• Young people in UK hit by ‘low-gear economy’, warns Bank of England deputy

• The AI poster boy, the ‘Chinese spy’ and Trump: how an affair may have harmed US security

• Jensen Huang’s image has been shattered. Could he be pushed out at Nvidia?

A senior US central banker is calling for a hike in interest rates next month.

Federal Reserve governor Christopher Waller is arguing that the Fed should raise short-term borrowing costs next month even if government data shows inflation cooling.

“While I am hoping for an improvement over September, even if this occurs, I would still support a 25 basis point increase in the FOMC’s policy rate at our December meeting.”

“The affair itself is unlikely to be the central issue for shareholders. What matters is whether shareholders have suffered loss due to Nvidia failing to disclose material information, particularly given the sensitivities surrounding China, AI chips and US export controls.

“US plaintiff lawyers will be looking closely at matters such as what Nvidia and its board knew and when, what was said publicly and whether any material information was withheld from the market. For example, if previously undisclosed information is subsequently revealed to the market and may have caused investors significant losses, the ingredients for shareholder litigation could begin to emerge. But there is a considerable distance between reputational controversy and proving actionable shareholder claims.”

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Nvidia and Jensen Huang sued in US over affair with alleged Chinese spy
Posted on Tuesday November 10, 2026

California lawsuit comes as Donald Trump says FBI is investigating tech CEO’s links with Alice Huang

• Business live – latest updates

• Nvidia’s board needs to do some succession planning – sharpish

Nvidia and its chief executive, Jensen Huang, have been accused of misleading shareholders in a lawsuit over the Chinese spying scandal engulfing the $4.3tn (£3.2tn) company.

The legal action came as Donald Trump said the FBI was investigating Huang’s affair with an alleged Chinese spy.

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US inflation rose 0.4% in October as price increases cooled and gas costs dipped
Posted on Tuesday November 10, 2026

New data comes after Republicans’ midterms losses – which were largely seen as a rebuke of the party over high prices

US inflation rose 0.4% from September to October, slightly above expectations but still a cooldown in price increases as the cost of gas dipped during the month.

The Bureau of Labor Statistics did not release the usual year-over-year inflation figure as part of the consumer price index (CPI), which measures the price of a basket of goods and services, as data was not collected in October 2025 during the government shutdown.

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Britons stockpiling water and food tins but not panic buying, figures show
Posted on Tuesday November 10, 2026

Shoppers appear to have taken government’s Be Ready campaign seriously, retail analysts say

• Business live – latest updates

British shoppers have been stocking up on essentials such as bottled water, tinned goods and hand sanitiser, but did not panic buy after the government advised people to prepare for emergencies, shopping data has shown.

Sales of essentials jumped in the 10 days after the government launched its Be Ready campaign, which encourages households to prepare for up to three days in the event of disruption to essential services from incidents such as cyber-attacks or extreme weather.

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Nvidia and Jensen Huang sued in US over affair with alleged Chinese spy
Posted on Tuesday November 10, 2026

California lawsuit comes as Donald Trump says FBI is investigating tech CEO’s links with Alice Huang

• Business live – latest updates

• Nvidia’s board needs to do some succession planning – sharpish

Nvidia and its chief executive, Jensen Huang, have been accused of misleading shareholders in a lawsuit over the Chinese spying scandal engulfing the $4.3tn (£3.2tn) company.

The legal action came as Donald Trump said the FBI was investigating Huang’s affair with an alleged Chinese spy.

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Revealed: Palantir lobbied minister to stretch AI tools’ reach to NHS GP records
Posted on Monday November 09, 2026

Exclusive: WhatsApp messages show firm pressuring Zubir Ahmed MP to help bring sensitive data into its platform

• UK politics live – latest updates

Palantir lobbied a health minister to consider extending its AI technology into GP records, stretching its reach into the NHS in a way doctors fear could undermine trust with patients.

The US company, co-founded by the Trump-supporting billionaire Peter Thiel, used a direct WhatsApp channel to argue that “the logic of joining up primary and secondary [care] data is unarguable” and said its software was “ideal” for the job. The push came in February this year despite GP data being expressly ruled out of the scope of Palantir’s existing £330m contract with NHS England to run its federated data platform (FDP), which it says has helped cut surgery waiting times and discharge delays.

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Six Nations and Sanzaar face new battle with World Rugby in bid to scrap relegation
Posted on Tuesday November 10, 2026

• F10 unions fear financial loss if they play in second tier

• Promotion/relegation set for 2030 Nations Championship

The Six Nations and Sanzaar are facing another battle with World Rugby over a desire from some unions to ensure that none of them can be relegated from the Nations Championship.

As reported last week by the Guardian, the 10 leading unions have set up a new company, F10, to run the Nations Championship and sell their broadcast and commercial rights for all competitions other than the World Cup, which remains the property of the global governing body, World Rugby.

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Ultimate 1-50: the male footballers best associated with each squad number
Posted on Tuesday November 10, 2026

Who is football’s most legendary No 9? Has there ever been a legendary No 28? And why exactly does Mario Balotelli love wearing No 45 so much? Here’s our list and the stories behind it

The relationship between players and numbers is a long-established one filled with memories and fascinating as well as fun stories behind them. With that in mind, the Guardian has had a go at deciding which male player is best associated with each squad number, from 1-50. Various factors were taken into consideration, including how long a player wore/has worn that number, what they achieved/have achieved in it, why they decided to wear it in the first place and, in some cases, how distinctly it has become associated with them in death. The below list is highly subjective and ultimately a bit of fun, but don’t let that stop you being shocked and furious in equal measure.

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