Nvidia board reportedly meets to decide CEO Jensen Huang’s future as chip giant’s share price plunges – follow live
Posted on Thursday November 12, 2026

Nvidia shares fall in pre-market trading after report of Huang’s second affair

• Nvidia board reportedly deciding whether to oust CEO Jensen Huang

Too big – and too well-connected – to sack?

Huang does not enjoy the supercharged voting rights that are par for the course elsewhere – his shareholding is a plain vanilla 3.6%. On the other hand, Nvidia’s board does not appear to have spent much time worrying about succession planning and “key person risk” or other standard concerns of corporate governance wonks outside the US.

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AI helps UK economy grow at fastest pace for more than two years
Posted on Thursday November 12, 2026

GDP ‘grew robustly’ by 0.7% in third quarter and by 0.2% month on month in September despite high oil prices

• Business live – latest updates

The UK economy grew by 0.7% in the third quarter, its fastest expansion in two and a half years, as the rollout of AI services increased activity.

The Office for National Statistics reported that the economy “grew robustly” in the July to September quarter, almost entirely due to strong and widespread growth in the services sector, led by the IT sector.

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Burberry returns to profit as sales soar, from £85 socks to £9,000 coats
Posted on Thursday November 12, 2026

CEO says ‘democratic approach’ has helped brand outperform tough market, with big rises in China and US

Burberry has returned to profit as its back-to-basics strategy drove strong sales of the British brand’s coats, jackets and handbags over the summer.

Joshua Schulman, the chief executive, said the luxury brand had outperformed a “challenging luxury market” to achieve sales growth of 6%, helped by strong online and wholesale sales particularly in China and the US. “Our strategy is working,” he said.

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UK drone maker founded by Ukrainians hits £4.5bn value after raising £500m
Posted on Thursday November 12, 2026

Britain’s national wealth fund invests £113m in UForce, whose equipment has been used heavily in war with Russia

A London-based naval drone maker founded by Ukrainians has reached a £4.5bn valuation after it raised more than £500m from investors including the UK government.

UForce, which makes military drones for land, air and sea, received £113m from the UK’s national wealth fund. The investment makes UForce one of the UK’s fastest-growing unicorns – or startups with a valuation of more than $1bn. Its drones have been used extensively in the war in Ukraine.

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Nvidia board reportedly deciding whether to oust CEO Jensen Huang as stock price plunges
Posted on Thursday November 12, 2026

Meeting comes after CEO admitted to having a relationship with a woman who is alleged to be a Chinese spy

• Business live – latest updates

Nvidia’s board of directors met on Wednesday to decide whether to oust Jensen Huang as CEO of the world’s most valuable chip company, according to reports, after a tumultuous week in which the executive and co-founder of the company admitted to having a romantic relationship with a woman who is alleged to be a Chinese spy.

The meeting marks ⁠a sharp shift from Sunday, when Nvidia’s board ​expressed confidence in Huang and his leadership team. However, Huang’s position became more tenuous late on Wednesday after it was reported by the New York Times that Huang had a separate extramarital affair with a company employee named Kimberly Powell. She was Nvidia’s president of healthcare and was reportedly captured on video being affectionate with Huang at a hotel during a company conference in March.

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NHS England deletes ‘misleading’ claim 137 trusts benefiting from Palantir AI tools
Posted on Thursday November 12, 2026

Exclusive: The Guardian revealed 29 hospital trusts were not or hardly using the controversial patient data tech

NHS England has deleted a claim from its website stating 137 hospital trusts are benefiting from Palantir’s AI health data system after the Guardian revealed 29 of them were not using all or most of the controversial technology.

Health bosses had published a list of all the NHS bodies “live” with and “realising benefits” from the AI-powered federated data platform (FDP), a system set up to improve patient outcomes, boost operating theatre efficiency and speed up bed discharges. But after 29 trusts said it was either not live or they were not using any of its applications, the original list of hospitals appears to have been taken down.

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Carrick sacked by Manchester United with team in Premier League relegation zone – live
Posted on Thursday November 12, 2026

⚽️ Head coach departs after one win in 11 games
⚽️ Carrick sacked with Pochettino poised to take over
⚽️ Have any thoughts? Email Luke

“After going through the Moyes season,” writes Hugh, “the dross football of Mourinho and Van Gaal, the moments-years of Solskjaer, the Rangnick surgery that never was, the middling Ten Hag, the baffling Amorim, and now a decent man thrust into the meat grinder, this is the first year it’s been genuinely hard to watch Man Utd with any emotion.

“And it’s not because of the football. It’s that the Glazer ownership and Ratcliffe mismanagement has met the Man City revelations, meaning it’s hard to see the point anymore. £1bn taken out of the club while others were illicitly pumping in roughly the same. A club drained of life, hollowed out … I can take crap football, but I can’t take this anymore.”

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‘All-out war’: UK sports fear an uncertain future after new body created
Posted on Thursday November 12, 2026

• Creation of Sport Org sparks disquiet at governing bodies

• Smaller sports concerned they might be taken over

The leaders of Britain’s Olympic and Paralympic sports have been responsible for some of the country’s greatest successes over the past two decades. But there are changes afoot that are increasingly ruffling feathers and stoking fears.

Most people will not have heard of Sport Org, the organisation recently set up by UK Sport. Essentially, it evolved out of British Curling, and now uses its leaders and expertise across curling, para-curling, para table tennis, squash and, from 2030, bobsleigh and skeleton.

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