Category: business
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Uber and Lyft to Trial Chinese Baidu Robotaxis in the UK in 2026
Uber and Lyft have announced plans to bring Chinese robotaxi technology to the UK, partnering with Baidu to trial the autonomous Apollo Go driverless taxis on London roads in 2026. The move represents a major step toward expanding self-driving vehicle services in Europe and testing the technology in one of the world’s busiest cities. Baidu’s
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Waymo Robotaxis Halted During Massive San Francisco Power Outage
A widespread power outage in San Francisco over the weekend caused Waymo’s self-driving taxis to stop operating, leaving several vehicles stranded in the middle of city streets and intersections. The outage, triggered by a fire at a PG&E substation, affected more than 100,000 residents and caused significant disruption to traffic and public transportation. Waymo Robotaxis
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US Unemployment Rises to Four-Year High in November Amid Job Market Uncertainty
The US unemployment rate rose to 4.6% in November 2025, marking a four-year high, according to the latest figures from the US Labor Department. The data highlights ongoing weaknesses in the labor market, even as employers added 64,000 jobs, surpassing many economists’ expectations. Mixed Job Market Signals November’s jobs report follows a decline of 105,000
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Gold and Silver Hit Record Highs as Investors Seek Safe-Haven Assets
Gold and silver prices have surged to record levels in 2025 as investors flock to safe-haven assets amid economic uncertainty and geopolitical tensions. On Monday, gold traded above $4,400 (£3,275) an ounce for the first time, while silver also reached historic highs, reflecting growing demand for precious metals. Gold Surges on Interest Rate and Geopolitical
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BBC Overhauls Editorial Committee After Controversy Over Trump Speech
BBC Responds to Trump Speech Editing Row The BBC has announced major changes to its editorial standards committee following widespread criticism over its handling of a controversial edit of a Donald Trump speech in a Panorama program. The incident, which suggested Trump had called for violent action during the January 6, 2021 Capitol riot, triggered
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CBS Faces Backlash After Pulling 60 Minutes Segment on Trump-Era Deportations
CBS Pulls Controversial Segment at Last Minute CBS News is under intense scrutiny after pulling a 60 Minutes segment covering the Trump administration’s deportations of Venezuelan men to a detention center in El Salvador. The last-minute decision was made by CBS editor-in-chief Bari Weiss, sparking criticism from both the reporter involved and media observers. The
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Ukraine Restructures $2.6 Billion in GDP Warrants: Major Step Toward Debt Sustainability
Ukraine has successfully finalized a deal to restructure $2.6 billion of its growth-linked debt, known as GDP warrants, marking a crucial milestone in the nation’s post-war economic recovery. On December 18, 2025, the Ukrainian government announced that an overwhelming 99% of warrant holders voted in favor of the bonds-and-cash swap, surpassing the 75% approval threshold
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IMF Welcomes EU’s €90 Billion Loan to Ukraine: A Major Step Toward Economic Stability, But Challenges Remain
The International Monetary Fund (IMF) has applauded the European Union’s recent decision to lend €90 billion ($105 billion) to Ukraine, describing it as a significant milestone in addressing the country’s financial needs amid ongoing conflict. This announcement, made on December 19, 2025, comes as Ukraine continues to face severe economic strain due to the Russian
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Spanish Consumer Credit Near 18-Year High Amid Economic Boom
December 19, 2025 – Madrid – Consumer lending in Spain has surged to levels not seen since the eve of the 2008 financial crisis, reflecting strong economic growth, a rising workforce, and a shift among banks from mortgages to more profitable consumer loans. According to official data, new consumer loans reached nearly €4.5 billion in
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U.S. Existing Home Sales Rise Slightly in November as Mortgage Rates Ease
December 19, 2025 – Washington D.C. – U.S. existing home sales increased modestly in November amid slightly lower mortgage rates, but economic uncertainty continues to keep potential buyers cautious. According to the National Association of Realtors (NAR), existing home sales rose 0.5% to a seasonally adjusted annual rate of 4.13 million units, slightly below economists’
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