Business / Finance
‘If you can’t beat ’em, eat ’em’: Italy is turning its hated invasive crab into a multimillion-dollar business
After revenues plunged 75% amid the crab invasion, one fishing cooperative expects $23 million in sales this year, mostly from crab.
From a German airport to a Polish drone factory fire, the EU confronts a wave of suspected Russian sabotage
The EU has already imposed nearly two dozen sanctions packages on Russia, but leaders are wary of measures that could escalate into direct conflict.
AI Billionaires Fund Ad Blitz as Data Center Opposition Hits 61%
Marc Andreessen, Ben Horowitz and OpenAI's Greg Brockman have backed the super PAC behind the campaign, which faces surging opposition.
Mortgage Rates Today, Wednesday, September 2: Not Looking Great
Mortgage interest rates were slightly lower this morning, but given intensifying fighting in Iran they're likely to rise again.
Sui DeFi protocol Full Sail to wind down after Switchboard incident
Full Sail is shutting down after an attacker removed about $91,000 from three vaults during a security incident linked to oracle provider Switchboard.
New York law requires hairdressers to learn how to work with all hair types
New law requires cosmetology classes to give instruction on all hair types from the kinkiest to the straightestAs of 1 September, a new law in New York state requires hairdressers…
BTC will hit $1M by 2030... but Arthur Hayes is buying ETH instead
Arthur Hayes says Bitcoin is going to grind higher from here, but Ethereum is his number one pick due to its potential to increase “3x to 5x pretty quickly.”
New LA Angels owner Stan Kroenke is quietly America’s largest private landowner, boasting 2.7 million acres and besting Bill Gates and Jeff Bezos
Kroenke’s purchase of nearly 1 million acres of ranchland marks a growing trend of the ultrawealthy snapping up farmland as an alternative asset.
Andy Burnham clashes with Kemi Badenoch at his first PMQs - video
The prime minister was pressed on borrowing costs and spending during an exchange with the leader of the opposition at his first PMQs since taking office. Burnham spoke about the …
Faisal Islam: Why bond market wildfire is keeping world leaders up at night
Huge AI spending plans and the ongoing war in Iran are driving up borrowing costs around the world.
CrowdStrike and federal authorities dismantle Russian malware that secretly stole crypto for 8 years
Russia-based Sality watched for copied bitcoin and Ethereum addresses and quietly replaced them with the attacker’s. CrowdStrike and law enforcement have now isolated more than 15…
World to surpass 1.5-degree climate goal ‘in the next few years,’ UN warns
Some places could become ‘uninsurable or even uninhabitable’ as the world exceeds its warming target
Hashkey joins DTCC working group as first Asian crypto service provider
Hashkey joined the DTCC’s working group on tokenization innovation as the first Asian crypto service provider to join with over 100 financial institutions, including Goldman Sachs…
Scott Bessent says 19 of the G20 finance ministers agreed to address ‘cheap imports’ but ‘China was the dissenter’
The Treasury secretary urged other governments to protect their manufacturing bases as U.S. tariffs redirect Chinese goods toward their markets
China is beating Germany at its own game of making highly engineered machinery and Europe is struggling to keep up
Manufacturers faced intensifying Chinese competition in cars, machinery and other traditional German strongholds
The token supercycle: everything of value is becoming programmable
Tokenization is not just about increasing access to tokens, whatever they may represent, but a fundamental shift in how value is created, owned, financed and moved, argues Solana …
Anthropic pauses some AI training following rogue agent hacks. Here’s how its compares to OpenAI’s.
The company joins OpenAI in temporarily halting reinforcement learning after AI agents in testing environments took unauthorized action on the internet.
Former boxer to host annual school uniform giveaway
Ex-Commonwealth lightweight champion Tommy Coyle is running the event in Hull for the seventh year.
Taxing the banks: what Europe’s windfall levies brought in as Burnham eyes his next move
Ahead of a crucial budget, four countries’ experiments offer a mixed verdict on how to tax bumper profits The countdown is on. Two months out from Andy Burnham’s inaugural autumn …
The companies getting the most from AI are rethinking how work gets done
AI adoption is nearly universal, but McKinsey finds only 37% of companies have seen it move the bottom line.
Tim Cook handed $47m package for new role as executive chair of Apple
Pay and shares deal nearly matches $58m award to John Ternus, his successor as CEO at the $4.7tn tech companyBusiness live – latest updatesTim Cook has received a $47m (£35m) pay …
Blackout risk rises as heatwave stresses largest US electric grids
US energy department warns of potential for outages in PJM Interconnection, serving 67 million from DC to ChicagoThe risk of power outages is expected to escalate across a broa…
Bart Simpson pattern feared for bitcoin and XRP as prices pull back
Analysts discuss the cartoon-themed price action as prices for major cryptocurrencies wilt.
Stripe is giving off early Google vibes—for good and for bad
The fintech’s recent M&A spree is reminiscent of what Google did a generation before.