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Uk borrowing soars to £17.8bn; herald investment trust fends off Saba Capital takeover

Public sector borrowing soars above expectations, while herald investment trust fights off a takeover bid.

Meta offers $5,000 to US creators to ditch TikTok and join Facebook & Instagram

Meta’s new bonus programme targets creators with a $5,000 reward for making content on Facebook and Instagram.

OpenAI, Oracle, and SoftBank join forces for massive $500bn AI data centre project

OpenAI, Oracle, and SoftBank announce $500bn AI infrastructure investment to build data centres and create 100,000 jobs

Warren Buffett shuts down Pilot Co.’s oil trading business amid massive layoffs

Pilot Co. Ends oil trading, shifting focus to North America, laying off key traders, sources say.

KPMG faces scrutiny over Entain audit amid corruption allegations

The financial reporting council investigates KPMG’s audit of Entain’s 2022 accounts following allegations of corporate corruption.

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