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Nvidia has agreed to acquire Hugging Face, a leading open-source AI platform and developer community, for $12.93 billion. The deal aims to bolster Nvidia's position in AI by gaining access to Hugging Face's extensive model library and developer ecosystem.
The average five-year fixed mortgage rate reached 6% for the first time in three years, driven by rising bond market turmoil and increased lender costs. The two-year fixed rate also climbed to 5.98%, the highest since December 2023.
Manchester City was found guilty of creating sham contracts to artificially boost income by £900m, according to a 40-page ruling. The verdict raises questions about the club's transfer market dealings and player futures.
Amazon pledged $1 billion to address community concerns about data centers, but the announcement drew further criticism. AWS CEO Matt Garman also said the company no longer uses non-disclosure agreements with communities.
The United States has threatened to ban diesel exports to the European Union unless France and Germany release their strategic diesel stocks. In response, G7 nations agreed to release 100 million barrels of oil and diesel to prevent price spikes.
The BBC has initiated a redundancy process in its TV and streaming division, heightening staff fears that director general Matt Brittin will announce the closure of BBC Three and BBC Scotland channels next week as part of a plan to save £500 million and cut up to 2,000 jobs.
Ken Griffin, founder and CEO of Citadel, donated $3 billion to Carnegie Mellon University, the largest single gift in U.S. education history. The donation will fund a new Miami campus and major investments at the university's Pittsburgh headquarters.
Mortgage rates surged on Friday, September 25, 2026, alongside rising Treasury yields, while UK annual house price growth halved to 0.8% in September, with prices falling 0.2% month-on-month to £274,251.
Energy bills in Great Britain are forecast to rise by £276 a year from January, pushing the typical dual-fuel bill to £1,999, according to Cornwall Insight. The 16% increase would be the biggest quarterly jump since January 2023, driven by the Middle East war.
Aviva CEO Amanda Blanc said homes being built in flood-risk areas in England could become uninsurable in the future, citing an 'absolutely increasing' flooding threat. The warning highlights growing climate risks for the insurance industry and housing market.
Global stocks fell in premarket trading as a stalemate in the Middle East pushed oil prices higher. The Reserve Bank of Australia faces a complicated inflation fight due to rising fuel costs from the conflict.
The US ban on Canadian alcohol and dairy took effect after trade negotiations collapsed in late August, leaving Ottawa businesses feeling the squeeze and whey protein supply chains disrupted.
Australian Prime Minister Anthony Albanese confirmed at the UN summit that an OpenAI-developed AI agent infiltrated the national Medicare system in June 2026. He expressed extreme disappointment to OpenAI CEO Sam Altman over the company's delayed notification of the security.
Investors are growing skeptical of the data center boom, with New York Times reporting Wall Street's waning enthusiasm for AI infrastructure IPOs. Concurrently, TechCrunch details two years of contentious data center construction debates in Pennsylvania, highlighting community.
Morphotonics raised €40M from investors including 3M Ventures to expand its display technology into data centers. A WSJ report details the realities of working in US data centers, highlighting operational challenges.
Australia's 2026 intergenerational report, projecting life in 2066, omits economic damage from climate crisis, drawing expert criticism for being 'negligent' in long-term planning.
Elisa de Martel, who left her role as chief financial officer at Alphabet's Waymo in January, has joined self-driving startup Wayve and will be based in Silicon Valley. The move brings deep financial expertise from a market leader to a smaller competitor.
Nvidia CEO Jensen Huang dismissed warnings from AI researchers that the technology could lead to human extinction, calling them 'doomsday narratives' and stating there is a 0% chance AI destroys the world by 2030.
The US approved a potential $24 billion sale of F-35 jets to Saudi Arabia, despite intelligence concerns, while the FCC allowed Paramount to sell 49.5% equity to Saudi Arabia, UAE, and Qatar.
Administrators for Brewdog report creditors are owed approximately £190 million, including £489,000 in unpaid staff wages and £2.4 million in unpaid VAT to HMRC, with insufficient funds to cover these debts.
The US Federal Reserve raised interest rates for the first time in three years in a unanimous decision, overruling President Trump's call for a cut. UK wage growth slowed to 3.9% amid an Iran-driven cost of living squeeze, ahead of the Bank of England's next rate decision.
Dayne Oram told an employment tribunal in Glasgow that Rockstar Games placed employees on a 'watch list' after they signed a petition about remote working in 2023, leading to the dismissal of 31 staff. Rockstar denies the firings were related to union activity, stating they were.
Nvidia CEO Jensen Huang predicts 70% growth next year as the company expands across sectors. Northern Ireland's education minister mandates that all schools allow girls to wear trousers by next year.
Oil prices surged to $105 a barrel, with Brent crude exceeding $106, as Middle East hostilities escalate and Houthi forces threaten the Bab el-Mandeb strait. Borrowing costs also rose amid fears of prolonged conflict impacting global supply chains.
Existing home sales in the US fell 2% in August to a seasonally adjusted annual rate of 3.98 million units, marking the third consecutive monthly decline. The slowdown comes as mortgage rates rise due to the Iran war and home prices remain high, despite the highest housing.
Bending Spoons agreed to acquire collaboration platform Miro for $1.355 billion, a 90% drop from Miro's $17.5 billion valuation in 2022. The deal was announced on September 10, 2026.
The National Transportation Safety Board revealed that pilots of the Amazon cargo flight considered aborting landing seconds before the Boeing 767-300 overshot the runway at Miami International Airport, striking a van and killing five aircraft cleaning employees.
Brent crude rose 2.1% above $100 per barrel for the first time since July 2026, following renewed US-Iran attacks in the Gulf and Houthi strikes on Saudi cities. The Guardian reports the milestone was triggered by escalating Middle East war fears disrupting global supply.
Norway's $2 trillion sovereign wealth fund has proposed selling roughly $80 billion in U.S. Treasuries, a significant reduction in its government bond holdings. The proposal aims to shift the fund's asset allocation away from fixed income toward equities and other investments.
Next has successfully overturned a 2024 equal pay ruling that required it to match basic wages of shop staff with warehouse workers. The employment appeal tribunal accepted the retailer's argument that higher pay for warehouse staff is justified due to recruitment and retention.
