Jeff Bezos’s physical AI venture Project Prometheus is closing in on a $10bn funding round at a $38bn valuation, with BlackRock and JPMorgan on board. Read more: Bezos’s physical AI lab Prometheus nears $10bn raise at $38bn valuation
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UK unemployment unexpectedly drops to 4.9% in the quarter to February, but vacancies sink to a five-year low and payrolled jobs fall as SMEs feel the squeeze from the £25bn NI hike and the Iran war energy shock. Read more: Unemployment dip flatters to deceive as SME hiring freezes amid Iran shock
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Baroness Karren Brady has departed West Ham United after 16 years as vice-chair, ending a near four-decade business partnership with David Sullivan amid sustained fan protests. Read more: Brady bows out: West Ham vice-chair ends 16-year tenure as boardroom pressure mounts
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Tim Cook will become Apple’s executive chairman on 1 September 2026, with hardware engineering chief John Ternus taking over as CEO after a unanimous board vote. Read more: Cook hands Apple’s reins to Ternus as engineering chief prepares for top job
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Aston Martin is taking legal action against Chinese part-owner Geely over a winged LEVC taxi logo it claims infringes its 1927 emblem — despite Geely’s £245m stake in the British marque. Read more: Aston Martin takes its 17pc shareholder Geely to court over ‘copycat’ wings logo
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Two 24-hour Tube strikes this week threaten London’s SMEs and night-time economy, as RMT drivers walk out over TfL’s proposed four-day working week. Read more: Tube strike chaos piles fresh pressure on London’s beleaguered night-time economy
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Founders and advisers warn the latest hike in Business Asset Disposal Relief to 18% is squeezing entrepreneurs and pushing Britain’s homegrown talent abroad. Read more: BADR hike branded a ‘tax-grabbing assault’ as Britain’s founders eye the exit
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Soaring energy costs and fractured supply chains are set to tip Britain to the edge of a technical recession by the summer, with smaller businesses bearing the brunt of the squeeze, according to the Item Club’s latest forecast. Read more: Britain to ‘flirt’ with recession as Iran oil shock rattles SMEs
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Sarah Willingham-backed Craft Gin Club warns of administration unless lenders approve a CVA wiping £4.2m of debt and ending free gin deliveries to bondholders. Read more: Craft Gin Club teeters on brink as Dragons’ Den darling pleads with bondholders
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Meta is preparing to cut roughly 10% of its global workforce from May, with further redundancies later in 2026, as Mark Zuckerberg pours hundreds of billions into artificial intelligence. Read more: Meta to axe 8,000 jobs in May as Zuckerberg bets the house on AI
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