Oil prices at four-year high; Bank of England expected to hold interest rates at noon – business live
Posted on Thursday April 30, 2026

Brent crude falls 1.2% after rising to $126.41 a barrel, highest since March 2022 on report US is considering military options against Iran

Volkswagen lost more than a billion euros from US tariffs and the cost of ending production of a battery vehicle in Tennessee in response to Donald Trump’s anti-electric car policies.

Germany’s biggest carmaker on Thursday reported a €500m cost of winding down production of the ID.4, an electric crossover SUV, in favour of producing a bulkier petrol SUV, the Atlas. It also said there was a €600m cost from US tariffs.

The world is undergoing fundamental change – and we are aligning our strategy consistently. Wars, geopolitical tensions, trade barriers, stricter regulations, and intense competition are creating headwinds.

In this environment, the planned cost reductions are not enough. We must fundamentally transform our business model and achieve structural, sustainable improvements. This includes improving the cost structure of our vehicles without compromising product substance, significantly reducing overhead costs, increasing the efficiency of our plants, and accelerating technology development and decision-making.

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Tech giants’ results show rosy outlook for AI boom and US stock market
Posted on Wednesday April 29, 2026

Google, Microsoft and Amazon report gains in cloud-computing businesses while Meta spending draws concern

Unusual simultaneous reports of financial results by several of the US’s largest tech companies gave positive indications for the stock market despite widespread fears of an AI bubble on Wednesday.

Four of the so-called Magnificent Seven tech stocks, the most valuable publicly traded companies in the world, reported their quarterly financial results on Wednesday. The cluster is not typical, as these disclosures do not often occur on the same day, and provides a snapshot of how the tech industry is faring as it rides the AI boom. Amazon, Alphabet and Microsoft all revealed double-digit gains in their cloud computing units, which have seen supercharged growth thanks to increasing adoption of AI. Meta, not in the business of cloud computing, failed to meet Wall Street expectations.

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Rising costs forcing 3m UK households to skip meals, Which? report finds
Posted on Thursday April 30, 2026

Consumer insight tracker shows 85% are worried about food prices and a majority think the economy will deteriorate

Three million UK households are being forced to skip meals as consumers resort to drastic measures to deal with rising costs, according to a Which? report published on Thursday.

The conflict in the Middle East and subsequent surge in oil and raw material prices has led to businesses preparing to raise prices, putting more pressure on household finances and hitting consumer confidence.

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‘Nightmare’ queues and missed flights: a turbulent start to EU entry-exit system
Posted on Thursday April 30, 2026

Some travellers spent hours in lines at airport, with kiosks not working, little seating and few staff on hand to help

Some travellers passing through the new EU entry-exit system (EES) have faced huge delays at border checks, with some waiting for up to three hours, airports say.

The new rules have gradually been introduced in Europe since October 2025, and came into effect on Friday in the Schengen countries – 25 of the EU’s 27 states plus Iceland, Norway, Liechtenstein and Switzerland.

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Meet the AI jailbreakers: ‘I see the worst things humanity has produced’
Posted on Wednesday April 29, 2026

To test the safety and security of AI, hackers have to trick large language models into breaking their own rules. It requires ingenuity and manipulation – and can come at a deep emotional cost

A few months ago, Valen Tagliabue sat in his hotel room watching his chatbot, and felt euphoric. He had just manipulated it so skilfully, so subtly, that it began ignoring its own safety rules. It told him how to sequence new, potentially lethal pathogens and how to make them resistant to known drugs.

Tagliabue had spent much of the previous two years testing and prodding large language models such as Claude and ChatGPT, always with the aim of making them say things they shouldn’t. But this was one of his most advanced “hacks” yet: a sophisticated plan of manipulation, which involved him being cruel, vindictive, sycophantic, even abusive. “I fell into this dark flow where I knew exactly what to say, and what the model would say back, and I watched it pour out everything,” he says. Thanks to him, the creators of the chatbot could now fix the flaw he had found, hopefully making it a little safer for everyone.

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‘They’re supposed to be handmade’: zine creators fight to resist AI influence
Posted on Tuesday April 28, 2026

Artists and writers argue scrappy nature of self-published booklets is incompatible with artificial intelligence

The self-published zine has long been central to cultural revolutions, from queer activism to Black feminism and the riot grrrl punk movement, producing titles such as Sniffin’ Glue and Sweet-Thang along the way. But now the traditionally analogue art form faces a new shift: artificial intelligence.

AI may seem incompatible with the these cult DIY booklets, but some creatives, designers and artists have begun to experiment with the technology, causing alarm in parts of the underground publishing world. It has been their Dylan-goes-electric moment.

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The $13bn World Cup: how the numbers stack up on Fifa’s 2026 balance sheet
Posted on Thursday April 30, 2026

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 meet

A 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.

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‘I really was one of those bandwagon fans’: meet Katharina Nowak, F1’s youngest race president
Posted on Thursday April 30, 2026

Before her first Miami Grand Prix in charge, Nowak opens up on F1’s boom time in the US and flying the flag for women in the sport

There is an air of buoyant confidence about Katharina Nowak that is striking but also understandable given the robust state of Formula One in the United States and at the Miami Grand Prix, where the 29-year-old who is at the helm of the race believes the sport only has more to come.

“F1 is at its strongest right now that we’ve seen, the interest in F1 is still going up and will go further,” she says in the buildup to this weekend’s meeting in Florida. “From my seat at the table, we are seeing the interest continue to grow.

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